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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Jun. 30, 2024
Jul. 02, 2023
Income Statement [Abstract]        
Net revenue [1] $ 143,900 $ 173,413 $ 308,486 $ 354,321
Cost of revenue 112,077 119,113 228,426 239,639
Gross profit 31,823 54,300 80,060 114,682
Operating expenses:        
Research and development 19,851 20,831 40,078 42,965
Sales and marketing 29,757 32,482 60,286 66,361
General and administrative 19,186 16,536 37,253 32,772
Litigation reserves, net 8,200 0 8,230 0
Restructuring and other charges 1,688 2,229 2,720 2,337
Total operating expenses 78,682 72,078 148,567 144,435
Loss from operations (46,859) (17,778) (68,507) (29,753)
Other income, net [2] 2,713 7,999 5,563 9,405
Loss before income taxes (44,146) (9,779) (62,944) (20,348)
Provision for (benefit from) income taxes 1,029 (1,192) 881 (2,049)
Net loss $ (45,175) $ (8,587) $ (63,825) $ (18,299)
Net loss per share        
Basic $ (1.56) $ (0.29) $ (2.19) $ (0.63)
Diluted $ (1.56) $ (0.29) $ (2.19) $ (0.63)
Weighted average shares used to compute net loss per share:        
Basic 28,883 29,319 29,136 29,170
Diluted 28,883 29,319 29,136 29,170
[1] No individual foreign country represented more than 10% of the Companys total net revenue in the periods presented.
[2]
(1)
Amounts included gain/(loss), net from derivatives not designated as hedging instruments of $0.6 million and $2.1 million, for the three and six months ended June 30, 2024, respectively, and $1.0 million and $0.9 million, for the three and six months ended July 2, 2023, respectively, and gain/(loss), net from litigation settlements of $6.0 million for the three and six months ended July 2, 2023, respectively.