XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Jun. 25, 2022
Jun. 26, 2021
Net sales $ 217,226 $ 244,803 $ 414,983 $ 470,291
Cost and expenses:        
Cost of sales (1) [1] 116,273 140,146 222,874 263,429
Research and development 23,160 23,423 46,266 46,575
Selling, general and administrative 32,531 32,834 63,777 65,458
Amortization of purchased intangible assets 8,341 9,045 16,876 18,289
Restructuring charges 7 617 583 1,957
Gain on sale of PCB Test business 0 (75,779) 0 (75,664)
Costs and Expenses, Total 180,312 130,286 350,376 320,044
Income from operations 36,914 114,517 64,607 150,247
Other (expense) income:        
Interest expense (919) (1,831) (1,900) (4,406)
Interest income 308 94 419 144
Foreign transaction gain (loss) 1,491 (25) 2,635 (287)
Gain (Loss) on Extinguishment of Debt, Total (128) 0 (232) (1,761)
Income from operations before taxes 37,666 112,755 65,529 143,937
Income tax provision 8,898 17,659 15,192 21,234
Net income $ 28,768 $ 95,096 $ 50,337 $ 122,703
Basic (in dollars per share) $ 0.59 $ 1.96 $ 1.04 $ 2.66
Diluted (in dollars per share) $ 0.59 $ 1.92 $ 1.02 $ 2.58
Weighted average shares used in computing income per share:        
Basic (in shares) 48,475 48,555 48,626 46,155
Diluted (in shares) 48,928 49,474 49,248 47,478
[1] Excludes amortization of $6,544 and $7,043 for the three months ended June 25, 2022 and June 26, 2021, respectively, and $13,240 and $14,144 for the six months ended June 25, 2022 and June 26, 2021, respectively.