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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Sep. 27, 2024
Sep. 29, 2023
Revenues:        
Total revenues $ 540.4 $ 435.0 $ 1,534.3 $ 1,289.8
Cost of revenues:        
Total cost revenues 447.0 369.8 1,269.8 1,083.5
Gross margin 93.4 65.2 264.5 206.3
Operating expenses:        
Research and development 7.1 7.4 21.2 21.7
Sales and marketing 14.4 12.8 42.9 38.6
General and administrative 46.7 39.3 135.1 115.3
Total operating expenses 68.2 59.5 199.2 175.6
Income from operations 25.2 5.7 65.3 30.7
Interest income 1.1 1.2 3.9 2.5
Interest expense (12.0) (12.3) (35.8) (35.9)
Other income (expense), net (4.1) (2.1) 9.3 (0.8)
Income before provision for income taxes 10.2 (7.5) 42.7 (3.5)
Provision for income taxes 9.9 5.3 28.2 17.1
Net income (loss) 0.3 (12.8) 14.5 (20.6)
Less: Net income attributable to noncontrolling interests 2.6 1.7 7.1 6.7
Net income (loss) attributable to UCT $ (2.3) $ (14.5) $ 7.4 $ (27.3)
Net income (loss) per share attributable to UCT common stockholders:        
Basic (in dollars per share) $ (0.05) $ (0.32) $ 0.16 $ (0.61)
Diluted (in dollars per share) $ (0.05) $ (0.32) $ 0.16 $ (0.61)
Shares used in computing net income (loss) per share:        
Basic (in shares) 45.0 44.8 44.8 44.8
Diluted (in shares) 45.0 44.8 45.4 44.8
Product        
Revenues:        
Total revenues $ 479.0 $ 380.9 $ 1,350.2 $ 1,112.0
Cost of revenues:        
Total cost revenues 403.3 329.3 1,141.2 955.5
Services        
Revenues:        
Total revenues 61.4 54.1 184.1 177.8
Cost of revenues:        
Total cost revenues $ 43.7 $ 40.5 $ 128.6 $ 128.0