because the severity , magnitude and duration of the covid-19 pandemic and its economic consequences are uncertain , rapidly changing , and difficult to predict , the pandemic 's impact on our operations and financial performance , as well as its impact on our ability to successfully execute our business strategy and initiatives , remains uncertain . we continue to take actions to safeguard the health and well-being of our employees and our business . we implemented social distancing policies at our locations around the world including working from home and eliminating virtually all travel . furthermore , we continue to manage our cash position and liquidity needs in light of the rapidly changing environment , and we have additional resources available under our current credit agreement , if needed . as a result of the accelerated debt payments we made during the second quarter of fiscal 2020 to reduce our future interest rate expense , we do not have any required debt payments until june 30 , 2021. as covid-19 has spread globally and been declared a pandemic , the full extent of this outbreak , the related governmental , business and travel restrictions in order to contain this virus are continuing to evolve globally . we anticipate that these actions and the global health crisis caused by the covid-19 pandemic will negatively impact business activity across the globe . we expect our demand to be impacted in q1 and potentially beyond q1 given the global reach and economic impact of the virus . for example , governmental actions or policies or other initiatives to contain the virus , could lead to reductions in our end customers ' demand under which we would expect to lose revenue . we have previously seen and could again see delays or disruptions in our supply chain due to governmental restrictions . if our suppliers experience similar impacts , we may have difficulty sourcing materials necessary to fulfill customer production requirements and transporting completed products to our end customers . we will continue to actively monitor the situation and may take further actions altering our business operations that we determine are in the best interests of our employees , customers , partners , suppliers , and stakeholders , or as required by federal , state , or local authorities . it is not clear what the potential effects of any such alterations or modifications may have on our business , including the effects on our customers , employees , and prospects , or on our financial results . the full extent of the impact of the covid-19 pandemic on our business , results of operations and financial position is currently uncertain and will depend on many factors that are not within our control , including , but not limited to : the duration and scope of the pandemic; governmental , business and individuals ' actions that have been and continue to be taken in response to the pandemic; general economic uncertainty in key global markets and financial market volatility; global economic conditions and levels of economic growth; and the pace of recovery when the covid-19 pandemic subsides . see the section entitled “ risk factors ” in item 1a of part i of this report for further information about related risks and uncertainties . critical accounting policies and use of estimates critical accounting policies are those that are both most important to the portrayal of a company 's financial condition and results , and that require management 's most difficult , subjective , and complex judgments , often as a result of the need to make estimates about the effect of matters that are inherently uncertain . 24 the preparation of financial statements in conformity with u.s. gaap requires management to make estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes . we base our estimates and judgments on historical experience , knowledge of current conditions , and our beliefs of what could occur in the future considering available information . while we believe that our estimates , assumptions , and judgments are reasonable , they are based on information available when made , and because of the uncertainty inherent in these matters , actual results may differ from these estimates under different assumptions or conditions . we evaluate our estimates and judgments on an ongoing basis . we believe the following accounting policies and the related estimates are critical in the portrayal of our financial condition and results of operations , and require management 's most difficult , subjective , or complex judgments . see `` note 1 - nature of operations and significant accounting policies `` under part ii , item 8 of this report for further information on the significant accounting policies and methods used in the preparation of the consolidated financial statements . revenue from contracts with customers we recognize revenue upon satisfaction of performance obligations when control of promised goods or services has been transferred to our customers . we measure revenue based on the amount of consideration we expect to be entitled to in exchange for products or services . for revenue recognized on both sales to distributors and related to hdmi royalties , the amount of consideration we expect to be entitled to receive is based on estimates that require assumptions and judgments relating to trends in recent and historical activity . see `` note 1 - basis of presentation and significant accounting policies `` under part ii , item 8 of this report for further information on our recognition of revenue . sales to most distributors are made under terms allowing certain price adjustments upon sale to their end customers and limited rights of return of our products held in their inventory . story_separator_special_tag details of our restructuring plans and expenses incurred under them are discussed in `` note 7 - restructuring `` to our consolidated financial statements in part ii , item 8 of this report . the decrease in restructuring charges in fiscal 2020 compared to fiscal 2019 was driven was driven by lower charges in the current year for facility closures implemented under an earlier restructuring plan adopted in june 2017 , and by lower charges in the current year for severance under the q1 2020 plan compared to charges in the prior year period resulting from contract cancellations under the q2 2019 sales plan . 29 impairment of acquired intangible assets the composition of our impairment of acquired intangible assets , including as a percentage of revenue , is presented in the following table : replace_table_token_13_th we had no impairments of acquired intangible assets in fiscal 2020 or 2019. acquisition related charges the composition of our acquisition related charges , including as a percentage of revenue , is presented in the following table : replace_table_token_14_th acquisition related charges include legal and professional fees directly related to acquisitions . we incurred no acquisition related charges in fiscal 2020 or 2019. interest expense the composition of our interest expense , including as a percentage of revenue , is presented in the following table : replace_table_token_15_th interest expense is primarily related to our long-term debt , which is further discussed under the credit arrangements heading in the liquidity and capital resources section , below . this interest expense is comprised of contractual interest and amortization of original issue discount and debt issuance costs based on the effective interest method . the decrease in interest expense for fiscal 2020 compared to fiscal 2019 was largely driven by the significant reduction in the effective interest rate on our long-term debt , coupled with the reduction in the principal balance of our long-term debt due to the additional principal payments made in the current and previous periods . other expense , net the composition of our other expense , net , including as a percentage of revenue , is presented in the following table : replace_table_token_16_th for fiscal 2020 compared to fiscal 2019 , other expense , net decreased primarily due to the non-recurrence of the $ 2.2 million loss on refinancing charge taken to write off the remaining unamortized balance of debt costs and original issue discount related to the long-term debt refinanced during the prior year . 30 income taxes the composition of our income tax expense is presented in the following table : replace_table_token_17_th our income tax expense is composed primarily of foreign income and withholding taxes , partially offset by benefits resulting from the release of uncertain tax positions ( `` utp `` ) due to statute of limitation expirations that occurred in the respective periods . the decrease in expense in fiscal 2020 as compared to fiscal 2019 is primarily due to the release of uncertain tax positions due to statute of limitations expirations . we are not currently paying u.s. federal income taxes and do not expect to pay such taxes until we fully utilize our tax net operating loss and credit carryforwards . we expect to pay a nominal amount of state income tax . we are paying foreign income taxes , which are primarily related to withholding taxes on income from foreign royalties , foreign sales , and the cost of operating offshore research and development , marketing , and sales subsidiaries . we updated our evaluation of the valuation allowance position in the united states through january 2 , 2021 and concluded that we should continue to maintain a full valuation allowance against the net federal and state deferred tax assets . we will continue to evaluate both positive and negative evidence in future periods to determine if we will realize the deferred tax assets . we accrue interest and penalties related to uncertain tax positions in income tax expense on our consolidated statements of operations . the inherent uncertainties related to the geographical distribution and relative level of profitability among various high and low tax jurisdictions make it difficult to estimate the impact of the global tax structure on our future effective tax rate . liquidity and capital resources the following sections discuss material changes in our financial condition from the end of fiscal 2019 , including the effects of changes in our consolidated balance sheets , and the effects of our credit arrangements and contractual obligations on our liquidity and capital resources . we have historically financed our operating and capital resource requirements through cash flows from operations , and from the issuance of long-term debt to fund acquisitions . cash provided by or used in operating activities will fluctuate from period to period due to fluctuations in operating results , the timing and collection of accounts receivable , and required inventory levels , among other things . there is significant uncertaintyaround the extent and duration of the disruption to our business from the covid-19 pandemic , and our liquidity and working capital needs may be impacted in future periods . we believe that our financial resources , including current cash and cash equivalents , cash flow from operating activities , and our credit facilities , will be sufficient to meet our liquidity and working capital needs through at least the next 12 months . as of january 2 , 2021 , we did not have significant long-term commitments for capital expenditures . in the future , we may continue to consider acquisition opportunities to further extend our product or technology portfolios and further expand our product offerings . in connection with funding capital expenditures , acquisitions , securing additional wafer supply , increasing our working capital , or other operations , we may seek to obtain equity or additional debt financing , or advance purchase payments or similar arrangements with wafer manufacturers . we may also seek to obtain equity or additional debt financing

liquidity cash and cash equivalents ( in thousands ) january 2 , 2021 december 28 , 2019 $ change % change cash and cash equivalents $ 182,332 $ 118,081 $ 64,251 54.4 % as of january 2 , 2021 , we had cash and cash equivalents of $ 182.3 million , of which approximately $ 121.8 million in cash and cash equivalents was held by our foreign subsidiaries . 31 we manage our global cash requirements considering , among other things , ( i ) available funds among our subsidiaries through which we conduct business , ( ii ) the geographic location of our liquidity needs , and ( iii ) the cost to access international cash balances . the repatriation of non-us earnings may require us to withhold and pay foreign income tax on dividends . this should not result in our recording significant additional tax expense as we have accrued expense based on current withholding rates . as of january 2 , 2021 , we could access all cash held by our foreign subsidiaries without incurring significant additional expense . the net increase in cash and cash equivalents of $ 64.3 million between december 28 , 2019 and january 2 , 2021 was primarily driven by cash flows from the following activities : operating activities — cash provided by operating activities results from net income adjusted for certain non-cash items and changes in assets and liabilities . cash provided by operating activities was $ 91.7 million in fiscal 2020 compared to $ 124.1 million in fiscal 2019. this $ 32.4 million decrease was driven by $ 45.7 million in changes in working capital , primarily the increase in cash used for inventories , prepaid expenses and other current assets , and accounts payable , partially offset by the cash provided by accrued expenses and accounts receivable . this was partially offset by an increase of $ 13.3 million provided by improved operating performance . we are using cash provided by operating activities to fund our operations .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity cash and cash equivalents ( in thousands ) january 2 , 2021 december 28 , 2019 $ change % change cash and cash equivalents $ 182,332 $ 118,081 $ 64,251 54.4 % as of january 2 , 2021 , we had cash and cash equivalents of $ 182.3 million , of which approximately $ 121.8 million in cash and cash equivalents was held by our foreign subsidiaries . 31 we manage our global cash requirements considering , among other things , ( i ) available funds among our subsidiaries through which we conduct business , ( ii ) the geographic location of our liquidity needs , and ( iii ) the cost to access international cash balances . the repatriation of non-us earnings may require us to withhold and pay foreign income tax on dividends . this should not result in our recording significant additional tax expense as we have accrued expense based on current withholding rates . as of january 2 , 2021 , we could access all cash held by our foreign subsidiaries without incurring significant additional expense . the net increase in cash and cash equivalents of $ 64.3 million between december 28 , 2019 and january 2 , 2021 was primarily driven by cash flows from the following activities : operating activities — cash provided by operating activities results from net income adjusted for certain non-cash items and changes in assets and liabilities . cash provided by operating activities was $ 91.7 million in fiscal 2020 compared to $ 124.1 million in fiscal 2019. this $ 32.4 million decrease was driven by $ 45.7 million in changes in working capital , primarily the increase in cash used for inventories , prepaid expenses and other current assets , and accounts payable , partially offset by the cash provided by accrued expenses and accounts receivable . this was partially offset by an increase of $ 13.3 million provided by improved operating performance . we are using cash provided by operating activities to fund our operations .
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 Suspicious Activity Report : because the severity , magnitude and duration of the covid-19 pandemic and its economic consequences are uncertain , rapidly changing , and difficult to predict , the pandemic 's impact on our operations and financial performance , as well as its impact on our ability to successfully execute our business strategy and initiatives , remains uncertain . we continue to take actions to safeguard the health and well-being of our employees and our business . we implemented social distancing policies at our locations around the world including working from home and eliminating virtually all travel . furthermore , we continue to manage our cash position and liquidity needs in light of the rapidly changing environment , and we have additional resources available under our current credit agreement , if needed . as a result of the accelerated debt payments we made during the second quarter of fiscal 2020 to reduce our future interest rate expense , we do not have any required debt payments until june 30 , 2021. as covid-19 has spread globally and been declared a pandemic , the full extent of this outbreak , the related governmental , business and travel restrictions in order to contain this virus are continuing to evolve globally . we anticipate that these actions and the global health crisis caused by the covid-19 pandemic will negatively impact business activity across the globe . we expect our demand to be impacted in q1 and potentially beyond q1 given the global reach and economic impact of the virus . for example , governmental actions or policies or other initiatives to contain the virus , could lead to reductions in our end customers ' demand under which we would expect to lose revenue . we have previously seen and could again see delays or disruptions in our supply chain due to governmental restrictions . if our suppliers experience similar impacts , we may have difficulty sourcing materials necessary to fulfill customer production requirements and transporting completed products to our end customers . we will continue to actively monitor the situation and may take further actions altering our business operations that we determine are in the best interests of our employees , customers , partners , suppliers , and stakeholders , or as required by federal , state , or local authorities . it is not clear what the potential effects of any such alterations or modifications may have on our business , including the effects on our customers , employees , and prospects , or on our financial results . the full extent of the impact of the covid-19 pandemic on our business , results of operations and financial position is currently uncertain and will depend on many factors that are not within our control , including , but not limited to : the duration and scope of the pandemic; governmental , business and individuals ' actions that have been and continue to be taken in response to the pandemic; general economic uncertainty in key global markets and financial market volatility; global economic conditions and levels of economic growth; and the pace of recovery when the covid-19 pandemic subsides . see the section entitled “ risk factors ” in item 1a of part i of this report for further information about related risks and uncertainties . critical accounting policies and use of estimates critical accounting policies are those that are both most important to the portrayal of a company 's financial condition and results , and that require management 's most difficult , subjective , and complex judgments , often as a result of the need to make estimates about the effect of matters that are inherently uncertain . 24 the preparation of financial statements in conformity with u.s. gaap requires management to make estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes . we base our estimates and judgments on historical experience , knowledge of current conditions , and our beliefs of what could occur in the future considering available information . while we believe that our estimates , assumptions , and judgments are reasonable , they are based on information available when made , and because of the uncertainty inherent in these matters , actual results may differ from these estimates under different assumptions or conditions . we evaluate our estimates and judgments on an ongoing basis . we believe the following accounting policies and the related estimates are critical in the portrayal of our financial condition and results of operations , and require management 's most difficult , subjective , or complex judgments . see `` note 1 - nature of operations and significant accounting policies `` under part ii , item 8 of this report for further information on the significant accounting policies and methods used in the preparation of the consolidated financial statements . revenue from contracts with customers we recognize revenue upon satisfaction of performance obligations when control of promised goods or services has been transferred to our customers . we measure revenue based on the amount of consideration we expect to be entitled to in exchange for products or services . for revenue recognized on both sales to distributors and related to hdmi royalties , the amount of consideration we expect to be entitled to receive is based on estimates that require assumptions and judgments relating to trends in recent and historical activity . see `` note 1 - basis of presentation and significant accounting policies `` under part ii , item 8 of this report for further information on our recognition of revenue . sales to most distributors are made under terms allowing certain price adjustments upon sale to their end customers and limited rights of return of our products held in their inventory . story_separator_special_tag details of our restructuring plans and expenses incurred under them are discussed in `` note 7 - restructuring `` to our consolidated financial statements in part ii , item 8 of this report . the decrease in restructuring charges in fiscal 2020 compared to fiscal 2019 was driven was driven by lower charges in the current year for facility closures implemented under an earlier restructuring plan adopted in june 2017 , and by lower charges in the current year for severance under the q1 2020 plan compared to charges in the prior year period resulting from contract cancellations under the q2 2019 sales plan . 29 impairment of acquired intangible assets the composition of our impairment of acquired intangible assets , including as a percentage of revenue , is presented in the following table : replace_table_token_13_th we had no impairments of acquired intangible assets in fiscal 2020 or 2019. acquisition related charges the composition of our acquisition related charges , including as a percentage of revenue , is presented in the following table : replace_table_token_14_th acquisition related charges include legal and professional fees directly related to acquisitions . we incurred no acquisition related charges in fiscal 2020 or 2019. interest expense the composition of our interest expense , including as a percentage of revenue , is presented in the following table : replace_table_token_15_th interest expense is primarily related to our long-term debt , which is further discussed under the credit arrangements heading in the liquidity and capital resources section , below . this interest expense is comprised of contractual interest and amortization of original issue discount and debt issuance costs based on the effective interest method . the decrease in interest expense for fiscal 2020 compared to fiscal 2019 was largely driven by the significant reduction in the effective interest rate on our long-term debt , coupled with the reduction in the principal balance of our long-term debt due to the additional principal payments made in the current and previous periods . other expense , net the composition of our other expense , net , including as a percentage of revenue , is presented in the following table : replace_table_token_16_th for fiscal 2020 compared to fiscal 2019 , other expense , net decreased primarily due to the non-recurrence of the $ 2.2 million loss on refinancing charge taken to write off the remaining unamortized balance of debt costs and original issue discount related to the long-term debt refinanced during the prior year . 30 income taxes the composition of our income tax expense is presented in the following table : replace_table_token_17_th our income tax expense is composed primarily of foreign income and withholding taxes , partially offset by benefits resulting from the release of uncertain tax positions ( `` utp `` ) due to statute of limitation expirations that occurred in the respective periods . the decrease in expense in fiscal 2020 as compared to fiscal 2019 is primarily due to the release of uncertain tax positions due to statute of limitations expirations . we are not currently paying u.s. federal income taxes and do not expect to pay such taxes until we fully utilize our tax net operating loss and credit carryforwards . we expect to pay a nominal amount of state income tax . we are paying foreign income taxes , which are primarily related to withholding taxes on income from foreign royalties , foreign sales , and the cost of operating offshore research and development , marketing , and sales subsidiaries . we updated our evaluation of the valuation allowance position in the united states through january 2 , 2021 and concluded that we should continue to maintain a full valuation allowance against the net federal and state deferred tax assets . we will continue to evaluate both positive and negative evidence in future periods to determine if we will realize the deferred tax assets . we accrue interest and penalties related to uncertain tax positions in income tax expense on our consolidated statements of operations . the inherent uncertainties related to the geographical distribution and relative level of profitability among various high and low tax jurisdictions make it difficult to estimate the impact of the global tax structure on our future effective tax rate . liquidity and capital resources the following sections discuss material changes in our financial condition from the end of fiscal 2019 , including the effects of changes in our consolidated balance sheets , and the effects of our credit arrangements and contractual obligations on our liquidity and capital resources . we have historically financed our operating and capital resource requirements through cash flows from operations , and from the issuance of long-term debt to fund acquisitions . cash provided by or used in operating activities will fluctuate from period to period due to fluctuations in operating results , the timing and collection of accounts receivable , and required inventory levels , among other things . there is significant uncertaintyaround the extent and duration of the disruption to our business from the covid-19 pandemic , and our liquidity and working capital needs may be impacted in future periods . we believe that our financial resources , including current cash and cash equivalents , cash flow from operating activities , and our credit facilities , will be sufficient to meet our liquidity and working capital needs through at least the next 12 months . as of january 2 , 2021 , we did not have significant long-term commitments for capital expenditures . in the future , we may continue to consider acquisition opportunities to further extend our product or technology portfolios and further expand our product offerings . in connection with funding capital expenditures , acquisitions , securing additional wafer supply , increasing our working capital , or other operations , we may seek to obtain equity or additional debt financing , or advance purchase payments or similar arrangements with wafer manufacturers . we may also seek to obtain equity or additional debt financing

