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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Net sales $ 812,775 $ 887,214 $ 636,007
Cost and expenses:      
Cost of sales (1) [1] 429,449 500,253 364,225
Research and development 92,589 91,963 86,151
Selling, general and administrative 131,390 126,958 129,248
Amortization of cost 33,185 35,414 38,746
Gain on sale of PCB Test business (2) [2] 0 (70,815) 0
Restructuring charges (Note 4) 605 1,823 7,623
Impairment charges 0 100 11,249
Gain on sale of facilities 0 0 (4,495)
Costs and Expenses, Total 687,218 685,696 632,747
Income from operations 125,557 201,518 3,260
Other (expense) income:      
Interest expense (4,177) (6,413) (13,759)
Interest income 4,012 239 224
Foreign transaction gain (loss) 1,635 411 (3,170)
Gain (loss) on extinguishment of debt (312) (3,411) 268
Total 126,715 192,344 (13,177)
Income tax provision 29,868 25,019 666
Income (loss) from continuing operations 96,847 167,325 (13,843)
Income from discontinued operations, net of tax 0 0 42
Net income (loss) $ 96,847 $ 167,325 $ (13,801)
Basic:      
Income (loss) from continuing operations (in dollars per share) $ 2.01 $ 3.53 $ (0.33)
Income from discontinued operations (in dollars per share) 0 0 0.00
Net income (loss) (in dollars per share) 2.01 3.53 (0.33)
Diluted:      
Income (loss) from continuing operations (in dollars per share) 1.98 3.45 (0.33)
Income from discontinued operations (in dollars per share) 0 0 0.00
Net income (loss) (in dollars per share) $ 1.98 $ 3.45 $ (0.33)
Weighted average shares used in computing income (loss) per share:      
Basic (in shares) 48,178 47,409 41,854
Diluted (in shares) 48,799 48,460 41,854
[1] Excludes amortization of $26,023, $27,508, and $29,510 for the years ended December 31, 2022, December 25, 2021, and December 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 14, “Business Divestitures and Discontinued Operations” for additional information on this transaction and financial statement presentation.