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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 03, 2020
Mar. 29, 2019
Income Statement [Abstract]    
Revenue $ 155,468 $ 157,186
Cost of revenue 91,023 90,897
Gross profit 64,445 66,289
Operating expenses:    
Research and development and engineering 15,334 13,997
Selling, general and administrative 30,755 31,847
Amortization of purchased intangible assets 3,445 3,998
Restructuring and acquisition related costs 1,661 2,054
Total operating expenses 51,195 51,896
Operating income 13,250 14,393
Interest income (expense), net (1,678) (2,044)
Foreign exchange transaction gains (losses), net 254 41
Other income (expense), net 83 (68)
Income before income taxes 11,909 12,322
Income tax provision (benefit) (38) 69
Consolidated net income $ 11,947 [1] $ 12,253 [2]
Earnings per common share (Note 5):    
Basic $ 0.34 [1] $ 0.35 [2]
Diluted $ 0.34 [1] $ 0.35 [2]
Weighted average common shares outstanding—basic 35,152 [1] 34,958 [2]
Weighted average common shares outstanding—diluted 35,561 [1] 35,474 [2]
[1] 71,166 non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213,219 shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of April 3, 2020.
[2] 45,252 non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213,219 shares of restricted stock issued to the former Laser Quantum non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of March 29, 2019.