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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Sep. 30, 2023
Sep. 24, 2022
Net sales $ 150,804 $ 206,687 $ 499,096 $ 621,670
Cost and expenses:        
Cost of sales (1) [1] 79,909 108,621 261,638 331,495
Research and development 21,478 23,372 66,454 69,638
Selling, general and administrative 32,416 32,764 99,403 96,541
Amortization of purchased intangible assets 8,857 8,206 26,617 25,082
Restructuring charges 742 17 2,046 600
Costs and Expenses 143,402 172,980 456,158 523,356
Income from operations 7,402 33,707 42,938 98,314
Other (expense) income:        
Interest expense (773) (1,028) (2,628) (2,928)
Interest income 3,207 1,132 8,657 1,551
Foreign transaction gain (loss) (1,200) 1,344 (2,285) 3,979
Loss on extinguishment of debt 0 (80) (369) (312)
Income before taxes 8,636 35,075 46,313 100,604
Income tax provision 4,721 10,193 16,129 25,385
Net income $ 3,915 $ 24,882 $ 30,184 $ 75,219
Basic (in dollars per share) $ 0.08 $ 0.52 $ 0.64 $ 1.55
Diluted (in dollars per share) $ 0.08 $ 0.51 $ 0.63 $ 1.53
Weighted average shares used in computing income per share:        
Basic (in shares) 47,615 47,984 47,525 48,412
Diluted (in shares) 48,107 48,526 48,102 49,008
[1] Excludes amortization of $6,948 and $6,433 for the three months ended September 30, 2023 and September 24, 2022, respectively, and $20,941 and $19,673 for the nine months ended September 30, 2023 and September 24, 2022, respectively.