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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Jul. 01, 2023
Jun. 25, 2022
Net sales $ 168,921 $ 217,226 $ 348,292 $ 414,983
Cost and expenses:        
Cost of sales (1) [1] 88,576 116,273 181,729 222,874
Research and development 22,466 23,160 44,976 46,266
Selling, general and administrative 32,798 32,531 66,987 63,777
Amortization of purchased intangible assets 9,006 8,341 17,760 16,876
Restructuring charges 416 7 1,304 583
Costs and Expenses 153,262 180,312 312,756 350,376
Income from operations 15,659 36,914 35,536 64,607
Other (expense) income:        
Interest expense (727) (919) (1,855) (1,900)
Interest income 2,732 308 5,450 419
Foreign transaction gain (loss) (645) 1,491 (1,085) 2,635
Loss on extinguishment of debt 0 (128) (369) (232)
Income before taxes 17,019 37,666 37,677 65,529
Income tax provision 6,435 8,898 11,408 15,192
Net income $ 10,584 $ 28,768 $ 26,269 $ 50,337
Basic (in dollars per share) $ 0.22 $ 0.59 $ 0.55 $ 1.04
Diluted (in dollars per share) $ 0.22 $ 0.59 $ 0.55 $ 1.02
Weighted average shares used in computing income per share:        
Basic (in shares) 47,618 48,475 47,481 48,626
Diluted (in shares) 48,028 48,928 48,099 49,248
[1] Excludes amortization of $7,102 and $6,544 for the three months ended July 1, 2023 and June 25, 2022, respectively, and $13,993 and $13,240 for the six months ended July 1, 2023 and June 25, 2022, respectively.