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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 31, 2021
Jan. 26, 2020
Jan. 27, 2019
Net sales $ 595,117 $ 547,512 $ 627,196
Cost of sales 231,568 210,828 250,174
Gross profit 363,549 336,684 377,022
Operating costs and expenses:      
Selling, general and administrative 162,832 163,106 145,246
Product development and engineering 117,529 107,368 109,047
Intangible amortization 8,265 16,546 26,649
Changes in the fair value of contingent earn-out obligations (33) (2,345) (9,419)
Total operating costs and expenses 288,593 284,675 271,523
Operating income 74,956 52,009 105,499
Interest expense (5,336) (9,106) (9,202)
Non-operating income, net 124 2,893 3,823
Investment impairments and credit loss reserves (6,769) (1,211) (30,000)
Income before taxes and equity in net gains (losses) of equity method investments 62,975 44,585 70,120
Provision for income taxes 3,437 12,828 355
Net income before equity in net gains (losses) of equity method investments 59,538 31,757 69,765
Equity in net gains (losses) of equity method investments 329 109 (126)
Net income 59,867 31,866 69,639
Net loss attributable to noncontrolling interest (36) (5) 0
Net income attributable to common stockholders $ 59,903 $ 31,871 $ 69,639
Earnings per share:      
Basic (in dollars per share) $ 0.92 $ 0.48 $ 1.06
Diluted (in dollars per share) $ 0.91 $ 0.47 $ 1.02
Weighted average number of shares used in computing earnings per share:      
Basic (in shares) 65,208 66,263 65,982
Diluted (in shares) 66,059 67,418 68,481