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Quarterly Financial Data—Unaudited
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data—Unaudited
Quarterly Financial Data—Unaudited
The Company’s fiscal year begins on January 1st and ends on December 31st. Quarterly periods are based on a 4-4-5 fiscal calendar with the first, second and third fiscal quarters ending on the 13th Saturday of each fiscal period. As a result, the Company had one fewer day in the first quarter of 2019 and one more day in the fourth quarter of 2019 than in the respective 2018 periods.
The following table presents selected unaudited quarterly financial data of the Company (in thousands, except per share data). The Company’s quarterly results of operations for these periods are not necessarily indicative of future results of operations.
 
 
Fiscal Year 2019 Quarter Ended
 
 
March 30
 
June 29
 
September 28
 
December 31
Revenue
 
$
89,350

 
$
100,304

 
$
114,485

 
$
120,191

Gross profit
 
38,343

 
44,668

 
50,202

 
54,712

Operating income (loss)
 
(9,113
)
 
(4,931
)
 
(2,851
)
 
1,494

Net income (loss)
 
(9,767
)
 
(5,045
)
 
(3,379
)
 
497

Net income (loss) per common share, basic and diluted
 
$
(0.18
)
 
$
(0.09
)
 
$
(0.06
)
 
$
0.01

 
 
 
 
 
 
 
 
 
 
 
Fiscal Year 2018 Quarter Ended
 
 
March 31
 
June 30
 
September 29
 
December 31
Revenue
 
$
99,403

 
$
111,702

 
$
114,699

 
$
115,516

Gross profit
 
42,059

 
50,866

 
52,833

 
51,624

Operating income (loss)
 
(11,109
)
 
(2,926
)
 
676

 
(5,155
)
Net income (loss)
 
(11,736
)
 
(2,793
)
 
809

 
(5,578
)
Net income (loss) per common share, basic and diluted
 
$
(0.23
)
 
$
(0.05
)
 
$
0.02

 
$
(0.10
)