XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Revenue:        
Total net revenue $ 138,740 $ 155,963 $ 260,800 $ 313,612
Cost of revenue:        
Total cost of revenue 65,283 71,023 124,262 144,618
Total gross profit 73,457 84,940 136,538 168,994
Operating expenses:        
Research and development 28,784 32,205 59,489 65,714
Selling, general and administrative 39,821 42,773 78,686 82,055
Lease-related asset impairment and other charges 9,000 0 9,000 0
Restructuring and related charges 11,482 0 14,519 83
Total operating expenses 89,087 74,978 161,694 147,852
Income (loss) from operations (15,630) 9,962 (25,156) 21,142
Interest expense, net (1,424) (800) (2,147) (1,506)
Other income (expense), net 619 (136) 330 (429)
Income (loss) before income taxes (16,435) 9,026 (26,973) 19,207
Provision for (benefit from) income taxes (3,903) 7,471 (6,352) 12,559
Net income (loss) $ (12,532) $ 1,555 $ (20,621) $ 6,648
Net income (loss) per share:        
Basic (in dollars per share) $ (0.11) $ 0.01 $ (0.18) $ 0.06
Diluted (in dollars per share) $ (0.11) $ 0.01 $ (0.18) $ 0.06
Weighted average shares outstanding:        
Basic (in shares) 115,030 111,462 113,705 111,130
Diluted (in shares) 115,030 119,255 113,705 118,508
Appliance and integration        
Revenue:        
Total net revenue $ 94,184 $ 111,127 $ 175,779 $ 225,921
Cost of revenue:        
Total cost of revenue 50,878 57,437 93,952 117,185
SaaS and service        
Revenue:        
Total net revenue 44,556 44,836 85,021 87,691
Cost of revenue:        
Total cost of revenue $ 14,405 $ 13,586 $ 30,310 $ 27,433