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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Sep. 27, 2024
Sep. 29, 2023
Revenue:        
Total net revenue $ 195,756 $ 127,203 $ 456,556 $ 440,815
Cost of revenue:        
Total cost of revenue 91,024 65,519 215,286 210,137
Total gross profit 104,732 61,684 241,270 230,678
Operating expenses:        
Research and development 30,073 30,316 89,562 96,030
Selling, general and administrative 35,851 39,245 114,537 121,300
Asset impairment and related charges 3,103 0 12,103 0
Restructuring and related charges 281 726 14,800 809
Total operating expenses 69,308 70,287 231,002 218,139
Income (loss) from operations 35,424 (8,603) 10,268 12,539
Interest expense, net (2,686) (619) (4,833) (2,125)
Other income (expense), net (3,932) 343 (3,602) (86)
Income (loss) before income taxes 28,806 (8,879) 1,833 10,328
Provision for (benefit from) income taxes 7,088 (2,384) 736 10,175
Net income (loss) $ 21,718 $ (6,495) $ 1,097 $ 153
Net income (loss) per share:        
Basic (in dollars per share) $ 0.19 $ (0.06) $ 0.01 $ 0
Diluted (in dollars per share) $ 0.19 $ (0.06) $ 0.01 $ 0
Weighted average shares outstanding:        
Basic (in shares) 116,403 112,031 114,594 111,431
Diluted (in shares) 117,358 112,031 117,385 117,910
Appliance and integration        
Revenue:        
Total net revenue $ 153,685 $ 84,760 $ 329,464 $ 310,681
Cost of revenue:        
Total cost of revenue 77,683 48,992 171,635 166,177
SaaS and service        
Revenue:        
Total net revenue 42,071 42,443 127,092 130,134
Cost of revenue:        
Total cost of revenue $ 13,341 $ 16,527 $ 43,651 $ 43,960