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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Net sales $ 636,322 $ 812,775 $ 887,214
Cost and expenses:      
Cost of sales (1) [1] 333,454 429,449 500,253
Research and development 88,571 92,589 91,963
Selling, general and administrative 132,249 131,390 126,958
Amortization of cost 36,355 33,185 35,414
Gain on sale of PCB Test business (2) [2] 0 0 (70,815)
Restructuring charges (Note 4) 2,421 605 1,823
Impairment charges 0 0 100
Costs and Expenses 593,050 687,218 685,696
Income from operations 43,272 125,557 201,518
Other (expense) income:      
Interest expense (3,382) (4,177) (6,413)
Interest income 11,504 4,012 239
Foreign transaction gain (loss) (5,209) 1,635 411
Loss on extinguishment of debt (369) (312) (3,411)
Total 45,816 126,715 192,344
Income tax provision 17,660 29,868 25,019
Net income $ 28,156 $ 96,847 $ 167,325
Basic: (in dollars per share) $ 0.59 $ 2.01 $ 3.53
Diluted: (in dollars per share) $ 0.59 $ 1.98 $ 3.45
Weighted average shares used in computing income per share:      
Basic (in shares) 47,486 48,178 47,409
Diluted (in shares) 48,025 48,799 48,460
[1] Excludes amortization of $28,418, $26,023, and $27,508 for the years ended December 30, 2023, December 31, 2022, and December 25, 2021, 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.