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Condensed Consolidated Statements of Income (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
Income Statement [Abstract]        
Net sales $ 1,506,671 $ 1,320,795 $ 2,888,320 $ 2,468,219
Cost of goods sold 643,780 561,353 1,223,290 1,055,983
Gross profit 862,891 759,442 1,665,030 1,412,236
Research and development expense 243,151 224,394 485,686 445,878
Selling, general and administrative expenses 277,713 250,693 538,907 485,021
Total operating expense 520,864 475,087 1,024,593 930,899
Operating income 342,027 284,355 640,437 481,337
Other income (expense):        
Interest income 29,286 18,760 54,313 34,659
Foreign currency (losses) gains (4,828) 10,797 (2,547) 18,484
Other (expense) income (513) 2,064 809 3,268
Total other income (expense) 23,945 31,621 52,575 56,411
Income before income taxes 365,972 315,976 693,012 537,748
Income tax provision 65,342 28,037 116,421 47,482
Net income $ 300,630 $ 287,939 $ 576,591 $ 490,266
Net income per share:        
Basic $ 1.57 $ 1.51 $ 3 $ 2.56
Diluted $ 1.56 $ 1.5 $ 2.99 $ 2.56
Weighted average common shares outstanding:        
Basic 192,074 191,293 191,982 191,395
Diluted 192,899 191,597 192,808 191,741