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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Sep. 24, 2022
Sep. 25, 2021
Net sales $ 206,687 $ 225,063 $ 621,670 $ 695,354
Cost and expenses:        
Cost of sales (1) [1] 108,621 129,358 331,495 392,787
Research and development 23,372 22,792 69,638 69,367
Selling, general and administrative 32,764 30,377 96,541 95,835
Amortization of purchased intangible assets 8,206 8,879 25,082 27,168
Restructuring charges 17 31 600 1,988
Gain on sale of PCB Test business 0 (90) 0 (75,754)
Costs and Expenses, Total 172,980 191,347 523,356 511,391
Income from operations 33,707 33,716 98,314 183,963
Other (expense) income:        
Interest expense (1,028) (966) (2,928) (5,372)
Interest income 1,132 53 1,551 197
Foreign transaction gain (loss) 1,344 (28) 3,979 (315)
Gain (Loss) on Extinguishment of Debt, Total (80) (1,650) (312) (3,411)
Income from operations before taxes 35,075 31,125 100,604 175,062
Income tax provision 10,193 7,392 25,385 28,626
Net income $ 24,882 $ 23,733 $ 75,219 $ 146,436
Basic (in dollars per share) $ 0.52 $ 0.49 $ 1.55 $ 3.12
Diluted (in dollars per share) $ 0.51 $ 0.48 $ 1.53 $ 3.04
Weighted average shares used in computing income per share:        
Basic (in shares) 47,984 48,666 48,412 46,992
Diluted (in shares) 48,526 49,457 49,008 48,137
[1] Excludes amortization of $6,433 and $6,988 for the three months ended September 24, 2022 and September 25, 2021, respectively, and $19,673 and $21,133 for the nine months ended September 24, 2022 and September 25, 2021, respectively.