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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 354,398 $ 392,369 $ 1,004,059 $ 1,160,672
Cost of revenue:        
Amortization of intangible assets 0 3,528 0 10,621
Restructuring and other related costs (24) 0 652 0
Total cost of revenue 213,184 234,049 616,810 712,662
Gross profit 141,214 158,320 387,249 448,010
Operating expenses:        
Research and development 73,283 76,846 225,223 237,234
Sales and marketing 35,715 41,075 118,357 124,406
General and administrative 34,160 29,368 101,114 89,762
Amortization of intangible assets 2,257 2,976 6,769 10,088
Merger-related charges [1] 6,954 0 15,471 0
Restructuring and other related costs (157) 400 4,105 2,621
Total operating expenses 152,212 150,665 471,039 464,111
Income (loss) from operations (10,998) 7,655 (83,790) (16,101)
Other income (expense), net:        
Interest income 874 546 2,789 1,734
Interest expense (8,764) (7,608) (25,556) (21,795)
Other gain (loss), net 8,485 (7,540) (8,910) 10,586
Total other income (expense), net 595 (14,602) (31,677) (9,475)
Loss before income taxes (10,403) (6,947) (115,467) (25,576)
Provision for income taxes 3,910 2,466 8,528 12,510
Net loss $ (14,313) $ (9,413) $ (123,995) $ (38,086)
Net loss per common share:        
Basic (in dollars per share) $ (0.06) $ (0.04) $ (0.53) $ (0.17)
Diluted (in dollars per share) $ (0.06) $ (0.04) $ (0.53) $ (0.17)
Weighted average shares used in computing net loss per common share:        
Basic (in shares) 235,832 228,077 233,905 225,465
Diluted (in shares) 235,832 228,077 233,905 225,465
Product        
Revenue:        
Total revenue $ 276,214 $ 316,613 $ 778,008 $ 931,057
Cost of revenue:        
Cost of revenue 170,693 190,312 494,248 577,152
Services        
Revenue:        
Total revenue 78,184 75,756 226,051 229,615
Cost of revenue:        
Cost of revenue $ 42,515 $ 40,209 $ 121,910 $ 124,889
[1] Represents charges incurred directly in connection with the pending Merger with Nokia. See Note 1, Basis of Presentation and Significant Accounting Policies, for further information.