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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Revenue $ 124,076 $ 190,079 $ 264,891 $ 374,389
Cost of revenue 39,325 57,518 83,932 113,227
Gross margin 84,751 132,561 180,959 261,162
Operating expenses:        
Research and development 38,733 41,946 79,324 77,935
Selling, general, and administrative 20,005 36,788 56,474 69,366
Amortization of acquired intangible assets 869 869 1,739 1,739
Restructuring 2,579 (112) 4,283 (82)
Total operating expenses 62,186 79,491 141,820 148,958
Income from operations 22,565 53,070 39,139 112,204
Interest income (expense), net 933 189 2,240 (366)
Other income (expense), net 254 (176) 208 (271)
Income before income taxes 23,752 53,083 41,587 111,567
Income tax expense 1,121 2,439 4,160 5,000
Net income $ 22,631 $ 50,644 $ 37,427 $ 106,567
Net income per share:        
Basic (in dollars per share) $ 0.16 $ 0.37 $ 0.27 $ 0.77
Diluted (in dollars per share) $ 0.16 $ 0.36 $ 0.27 $ 0.76
Shares used in per share calculations:        
Basic (in shares) 137,548 137,735 137,480 137,573
Diluted (in shares) 138,243 139,768 138,485 139,966