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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2022
Jul. 02, 2021
Jul. 01, 2022
Jul. 02, 2021
Total net revenue $ 157,446 $ 113,448 $ 304,885 $ 225,024
Total cost of revenue 75,045 52,943 153,302 109,374
Total gross profit 82,401 60,505 151,583 115,650
Operating expenses:        
Research and development 29,920 24,783 58,753 48,311
Selling, general and administrative 36,768 33,586 73,411 68,497
Amortization of intangibles 0 0 0 507
Restructuring and related charges 631 0 1,801 43
Total operating expenses 67,319 58,369 133,965 117,358
Income (loss) from operations 15,082 2,136 17,618 (1,708)
Interest expense, net (1,394) (2,630) (2,827) (5,233)
Other income (expense), net 4,274 (147) 4,336 872
Income (loss) before income taxes 17,962 (641) 19,127 (6,069)
Provision for income taxes 3,122 1,368 5,816 2,064
Net income (loss) $ 14,840 $ (2,009) $ 13,311 $ (8,133)
Net income (loss) per share:        
Basic (in dollars per share) $ 0.14 $ (0.02) $ 0.13 $ (0.08)
Diluted (in dollars per share) $ 0.14 $ (0.02) $ 0.12 $ (0.08)
Weighted average shares outstanding:        
Basic (in shares) 104,630 101,218 104,312 100,539
Diluted (in shares) 108,984 101,218 109,774 100,539
Appliance and integration        
Total net revenue $ 121,868 $ 78,598 $ 234,852 $ 158,574
Total cost of revenue 62,341 40,365 128,723 82,984
SaaS and service        
Total net revenue 35,578 34,850 70,033 66,450
Total cost of revenue $ 12,704 $ 12,578 $ 24,579 $ 26,390