XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 516.1 $ 421.5 $ 993.9 $ 854.8
Cost of revenues:        
Total cost revenues 427.6 353.4 822.8 713.7
Gross margin 88.5 68.1 171.1 141.1
Operating expenses:        
Research and development 7.1 7.2 14.1 14.3
Sales and marketing 14.8 12.7 28.5 25.8
General and administrative 43.7 35.6 88.3 76.0
Total operating expenses 65.6 55.5 130.9 116.1
Income from operations 22.9 12.6 40.2 25.0
Interest income 1.4 0.8 2.8 1.3
Interest expense (11.7) (11.8) (23.9) (23.6)
Other income (expense), net 17.4 (1.5) 13.5 1.3
Income before provision for income taxes 30.0 0.1 32.6 4.0
Provision for income taxes 8.5 8.3 18.4 11.8
Net income (loss) 21.5 (8.2) 14.2 (7.8)
Less: Net income attributable to noncontrolling interests 2.4 1.2 4.5 5.0
Net income (loss) attributable to UCT $ 19.1 $ (9.4) $ 9.7 $ (12.8)
Net income (loss) per share attributable to UCT common stockholders:        
Basic (in dollars per share) $ 0.43 $ (0.21) $ 0.22 $ (0.29)
Diluted (in dollars per share) $ 0.42 $ (0.21) $ 0.21 $ (0.29)
Shares used in computing net income (loss) per share:        
Basic (in shares) 44.9 44.7 44.7 44.8
Diluted (in shares) 45.4 44.7 45.3 44.8
Product        
Revenues:        
Total revenues $ 452.7 $ 362.5 $ 871.2 $ 731.1
Cost of revenues:        
Total cost revenues 383.9 311.1 738.0 626.2
Services        
Revenues:        
Total revenues 63.4 59.0 122.7 123.7
Cost of revenues:        
Total cost revenues $ 43.7 $ 42.3 $ 84.8 $ 87.5