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Quarterly Financial Data (Unaudited)
 12 Months Ended
Jan. 03, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) QUARTERLY FINANCIAL DATA (UNAUDITED)
Selected unaudited quarterly financial data was as follows (in thousands, except per share data):
 
Fiscal 2019 Quarter Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31, (4)
Total revenues (1)
$
215,487

 
$
240,275

 
$
271,703

 
$
240,310

Gross profit (2)
$
172,080

 
$
186,136

 
$
184,231

 
$
184,406

Income from operations
$
84,559

 
$
91,989

 
$
115,606

 
$
77,316

Net income
$
75,775

 
$
79,042

 
$
97,452

 
$
68,743

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.25

 
$
0.26

 
$
0.32

 
$
0.23

Diluted
$
0.24

 
$
0.25

 
$
0.31

 
$
0.22

 
Fiscal 2018 Quarter Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
Total revenues (1)
$
213,719

 
$
186,108

 
$
225,397

 
$
228,602

Gross profit (2)
$
128,633

 
$
139,839

 
$
155,586

 
$
168,873

Income from operations
$
116,307

 
$
85,770

 
$
125,176

 
$
111,602

Net income (3)
$
115,857

 
$
87,494

 
$
126,630

 
$
360,089

Net income per share:
 
 
 
 
 
 
 
Basic
$
0.39

 
$
0.29

 
$
0.42

 
$
1.20

Diluted
$
0.37

 
$
0.28

 
$
0.41

 
$
1.15

____________________
(1)
Total revenues for the quarters ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019 included $10.0 million, $20.4 million, $50.6 million and $15.1 million in milestone revenue, respectively, as compared to $66.5 million, $25.8 million, $42.6 million and $29.6 million during the comparable periods in 2018. Due to uncertainties surrounding the timing and achievement of regulatory and development milestones, it is difficult to predict future milestone revenues and such milestones can vary significantly from period to period.
(2)
Gross profit is computed as net product revenues less cost of goods sold.
(3)
Net income for the quarter ended December 31, 2018 included a $244.1 million income tax benefit related to the release of substantially all of the valuation allowance against our deferred tax assets.
(4)
The fiscal quarter ended December 31, 2019 is a 14-week fiscal period. All other quarters presented are 13-week fiscal periods.