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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 25, 2021
Sep. 26, 2020
Net sales $ 225,063 $ 150,647 $ 695,354 $ 433,652
Cost and expenses:        
Cost of sales (1) [1] 129,358 87,147 392,787 253,111
Research and development 22,792 20,497 69,367 63,389
Selling, general and administrative 30,377 31,336 95,835 95,664
Amortization of purchased intangible assets 8,879 9,783 27,168 28,848
Restructuring charges 31 412 1,988 1,400
Impairment charges 0 7,300 0 11,249
Gain on sale of facilities 0 (4,468) 0 (4,495)
Gain on sale of PCB Test business (2) [2] (90) 0 (75,754) 0
Costs and Expenses, Total 191,347 152,007 511,391 449,166
Income (loss) from operations 33,716 (1,360) 183,963 (15,514)
Other (expense) income:        
Interest expense (966) (3,021) (5,372) (10,904)
Interest income 53 42 197 210
Foreign transaction loss (28) (1,484) (315) (2,528)
Gain (loss) on extinguishment of debt (1,650) 293 (3,411) 293
Income (loss) from continuing operations before taxes 31,125 (5,530) 175,062 (28,443)
Income tax provision 7,392 1,116 28,626 261
Income (loss) from continuing operations 23,733 (6,646) 146,436 (28,704)
Income from discontinued operations 0 0 0 42
Net income (loss) $ 23,733 $ (6,646) $ 146,436 $ (28,662)
Basic:        
Income (loss) from continuing operations (in dollars per share) $ 0.49 $ (0.16) $ 3.12 $ (0.69)
Income from discontinued operations (in dollars per share) 0 0 0 0.00
Net income (loss) (in dollars per share) 0.49 (0.16) 3.12 (0.69)
Diluted:        
Income (loss) from continuing operations (in dollars per share) 0.48 (0.16) 3.04 (0.69)
Income from discontinued operations (in dollars per share) 0 0 0 0.00
Net income (loss) (in dollars per share) $ 0.48 $ (0.16) $ 3.04 $ (0.69)
Weighted average shares used in computing income (loss) per share:        
Basic (in shares) 48,666 41,947 46,992 41,764
Diluted (in shares) 49,457 41,947 48,137 41,764
Cash dividend, per share (in dollars per share) $ 0 $ 0 $ 0 $ 0.06
[1] Excludes amortization of $6,988 and $7,447 for the three months ended September 25, 2021 and September 26, 2020, respectively, and $21,133 and $21,969 for the nine months ended September 25, 2021 and September 26, 2020, respectively.
[2] On June 24, 2021 we completed the divestment of our PCB Test business. The divestment of this business did not qualify for presentation as discontinued operations and the results of the PCB Test business are included in continuing operations for all periods presented. See Note 12, “Business Divestitures and Discontinued Operations” for additional information on this transaction and financial statement presentation.