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Consolidated Statements of Income Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Revenue $ 413,145 $ 289,399 $ 885,563 $ 787,232
Cost of product revenue 214,079 149,463 429,060 403,392
Amortization of acquired intangible assets 225 3,095 1,695 9,283
Total cost of revenue 214,304 152,558 430,755 412,675
Gross profit 198,841 136,841 454,808 374,557
Research and development 38,613 33,401 111,929 104,320
Selling and marketing 50,488 42,257 136,144 137,502
General and administrative 28,490 18,372 74,919 61,871
Amortization of acquired intangible assets 256 256 764 796
Total operating expenses 117,847 94,286 323,756 304,489
Operating income 80,994 42,555 131,052 70,068
Other income, net 42,240 900 41,837 3,713
Income before income taxes 123,234 43,455 172,889 73,781
Income tax expense 29,982 7,923 39,156 8,522
Net income $ 93,252 $ 35,532 $ 133,733 $ 65,259
Basic $ 3.33 $ 1.26 $ 4.76 $ 2.33
Diluted $ 3.27 $ 1.24 $ 4.69 $ 2.27
Basic 28,031 28,154 28,084 28,029
Diluted 28,539 28,650 28,502 28,759