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Consolidated Statements of Income Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Revenue $ 279,883 $ 260,172 $ 472,418 $ 497,833
Cost of product revenue 100,686 138,891 214,981 253,929
Amortization of acquired intangible assets 1,185 3,111 1,470 6,188
Total cost of revenue 101,871 142,002 216,451 260,117
Gross profit 178,012 118,170 255,967 237,716
Research and development 36,557 35,650 73,316 70,919
Selling and marketing 49,062 56,409 85,656 95,245
General and administrative 21,856 20,592 46,429 43,499
Amortization of acquired intangible assets 254 269 508 540
Total operating expenses 107,729 112,920 205,909 210,203
Operating income 70,283 5,250 50,058 27,513
Other (expense) income, net (384) 1,533 (403) 2,813
Income before income taxes 69,899 6,783 49,655 30,326
Income tax expense (benefit) 11,283 (424) 9,174 599
Net income $ 58,616 $ 7,207 $ 40,481 $ 29,727
Basic $ 2.10 $ 0.26 $ 1.44 $ 1.06
Diluted $ 2.07 $ 0.25 $ 1.42 $ 1.03
Basic 27,923 28,079 28,110 27,970
Diluted 28,280 28,763 28,414 28,779