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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2022
Jun. 27, 2021
Jul. 03, 2022
Jun. 27, 2021
Income Statement [Abstract]        
Net revenue $ 223,224 $ 308,811 $ 433,782 $ 626,736
Cost of revenue 161,803 215,455 313,458 422,439
Gross profit 61,421 93,356 120,324 204,297
Operating expenses:        
Research and development 22,205 22,586 46,026 46,415
Sales and marketing 34,546 35,740 70,132 73,555
General and administrative 14,147 15,623 27,749 31,028
Goodwill impairment charge 0 0 44,442 0
Other operating expenses (income), net 573 (2,097) 570 468
Total operating expenses 71,471 71,852 188,919 151,466
Income (loss) from operations (10,050) 21,504 (68,595) 52,831
Other income (expenses), net [1] (820) 699 (1,802) 147
Income (loss) before income taxes (10,870) 22,203 (70,397) 52,978
Provision for (benefit from) income taxes (2,336) 4,369 (4,653) 12,184
Net income (loss) $ (8,534) $ 17,834 $ (65,744) $ 40,794
Net income (loss) per share        
Basic $ (0.30) $ 0.58 $ (2.26) $ 1.33
Diluted $ (0.30) $ 0.57 $ (2.26) $ 1.29
Weighted average shares used to compute net income (loss) per share:        
Basic 28,891 30,574 29,114 30,614
Diluted 28,891 31,464 29,114 31,648
[1] Amounts include gain/(loss) on investments, net, of $216,000 and $(303,000) for the three and six months ended July 3, 2022, respectively, and $41,000 and $(8,000) for the three and six months ended June 27, 2021, respectively. Amounts also included gain/(loss), net from derivatives not designated as hedging instruments of $2.3 million and $3.5 million, for the three and six months ended July 3, 2022, respectively, and $(0.4) million and $1.1 million for the three and six months ended June 27, 2021, respectively.