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Segment and Geographic Information | 3 Months Ended
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Mar. 30, 2025
Segment Reporting [Abstract] |
Segment and Geographic Information | Segment and Geographic Information The Company operates in one segment, machine vision technology. The Company has a single, company-wide management team that administers operations as a whole rather than as discrete operating segments. The Company’s chief operating decision maker is the chief executive officer, who assesses performance and allocates resources at the corporate level, as compared to the geography, product line, or end market levels. The Company offers a variety of machine vision products that have similar economic characteristics and are distributed by the same sales channels to the same types of customers. The measure of segment profit or loss for the Company's single segment is net income. Segment expenses were disaggregated based on the information the chief operating decision maker uses to assess performance and allocate resources considering both quantitative and qualitative factors. The following table summarizes significant segment expenses, which represents the difference between segment revenue and segment net income (in thousands):
| Three-months Ended
| March 30, 2025 |  | March 31, 2024
Revenue | $ | 216,036 |  |  | $ | 210,797 |
Less: |  |  |
Cost of revenue (1) | 71,713 |  |  | 68,860 |
Gross profit | 144,323 |  |  | 141,937 |
Less: |  |  |
Research, development, and engineering expenses |  |  |
Salaries and fringe benefits | 18,274 |  |  | 19,717 |
Incentive compensation (2) | 1,071 |  |  | 984 |
Stock-based compensation | 4,696 |  |  | 4,389 |
Depreciation and amortization | 755 |  |  | 823 |
Other segment expenses (3) | 9,931 |  |  | 11,192 |
Total research, development, and engineering expenses | 34,727 |  |  | 37,105 |
Selling, general, and administrative expenses |  |  |
Salaries and fringe benefits | 42,195 |  |  | 44,682 |
Incentive compensation (2) | 10,882 |  |  | 11,060 |
Stock-based compensation | 4,575 |  |  | 8,308 |
Depreciation and amortization | 4,161 |  |  | 4,119 |
Other segment expenses (3) | 21,691 |  |  | 22,459 |
Total selling, general, and administrative expenses | 83,504 |  |  | 90,628 |
Operating income | 26,092 |  |  | 14,204 |
Foreign currency gain (loss) | (2,453) |  |  | 46 |
Investment income | 3,990 |  |  | 3,120 |
Other income (expense) | 169 |  |  | 196 |
Income before income tax expense | 27,798 |  |  | 17,566 |
Income tax expense | 4,195 |  |  | 5,544 |
Net income | $ | 23,603 |  |  | $ | 12,022 |
(1) Cost of revenue includes depreciation and amortization expense (including amortization of acquired technologies) of $3,018,000 and $3,150,000 for March 30, 2025 and March 31, 2024, respectively. (2) Incentive compensation includes company bonus and sales commissions. (3) Other segment expenses include outside services, prototyping materials, sales demonstration equipment, travel and entertainment, marketing programs, and rent, among other less significant expenses. Segment assets amounted to $1,932,503 and $1,992,850 as of March 30, 2025 and December 31, 2024, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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