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v3.25.1

Segment and Geographic Information (Tables) | 3 Months Ended
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Mar. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | 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 Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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