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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Sep. 28, 2025
Sep. 29, 2024
Revenues:        
Total revenues $ 769,210 $ 737,298 $ 2,106,687 $ 2,066,996
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 319,904 300,784 869,032 865,357
Gross profit 449,306 436,514 1,237,655 1,201,639
Operating expenses:        
Selling and administrative 169,144 157,649 484,182 461,307
Engineering and development 124,760 117,474 361,331 332,489
Acquired intangible assets amortization 3,514 4,748 11,820 14,108
Restructuring and other 6,585 4,578 23,472 11,018
Gain on sale of business 0 0 0 (57,486)
Total operating expenses 304,003 284,449 880,805 761,436
Income from operations 145,303 152,065 356,850 440,203
Non-operating (income) expense:        
Interest income (3,191) (5,076) (12,618) (19,658)
Interest expense 1,309 808 2,909 2,998
Other (income) expense, net (915) (2,651) 2,875 5,574
Income before income taxes and equity in net earnings of affiliate 148,100 158,984 363,684 451,289
Income tax provision 23,344 12,260 50,148 54,095
Income before equity in net earnings of affiliate 124,756 146,724 313,536 397,194
Equity in net earnings of affiliate (5,198) (1,075) (16,709) (1,075)
Net income $ 119,558 $ 145,649 $ 296,827 $ 396,119
Net income per common share:        
Basic $ 0.75 $ 0.89 $ 1.85 $ 2.51
Diluted $ 0.75 $ 0.89 $ 1.85 $ 2.42
Weighted average common shares—basic 158,595 163,002 160,021 157,951
Weighted average common shares—diluted 159,097 164,253 160,409 163,357
Product [Member]        
Revenues:        
Total revenues $ 632,104 $ 612,871 $ 1,716,718 $ 1,668,181
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 270,634 253,129 727,198 704,129
Service [Member]        
Revenues:        
Total revenues 137,106 124,427 389,969 398,815
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) $ 49,270 $ 47,655 $ 141,834 $ 161,228