XML 11 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net revenue [1] $ 162,060 $ 164,586
Cost of revenue 105,734 116,349
Gross profit 56,326 48,237
Operating expenses:    
Research and development 18,309 20,227
Sales and marketing 28,041 30,529
General and administrative 18,070 18,067
Litigation reserves, net (37) 30
Restructuring and other charges 4,742 1,032
Total operating expenses 69,125 69,885
Loss from operations (12,799) (21,648)
Other income, net [2] 8,171 2,850
Loss before income taxes (4,628) (18,798)
Provision for (benefit from) income taxes 1,406 (148)
Net loss $ (6,034) $ (18,650)
Net loss per share    
Basic $ (0.21) $ (0.63)
Diluted $ (0.21) $ (0.63)
Weighted average shares used to compute net loss per share:    
Basic 28,717 29,395
Diluted 28,717 29,395
[1] No individual foreign country represented more than 10% of the Companys total net revenue in the periods presented.
[2] Amounts included interest income of $3.3 million and $2.5 million, and gain/(loss), net from derivatives not designated as hedging instruments of $(1.0) million and $1.5 million, for the three months ended March 30, 2025 and March 31, 2024, respectively. For the three months ended March 30, 2025, the amount also included proceeds of $4.7 million from a sale of patents.