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Segment Reporting and Geographic Information - (Tables)
12 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
Schedule of Revenue from External Customers by Products and Services

The following table lists the different sources of revenue:

 

 

Year Ended

 

 

 

December 28,
2024

 

 

December 30,
2023

 

 

December 31,
2022

 

 

 

(in thousands, except for percentages)

 

Systems and software

 

$

850,443

 

 

 

86

 %

 

$

683,316

 

 

 

84

 %

 

$

865,707

 

 

 

86

 %

Parts

 

 

76,584

 

 

 

8

 %

 

 

74,604

 

 

 

9

 %

 

 

84,266

 

 

 

8

 %

Services

 

 

60,294

 

 

 

6

 %

 

 

57,948

 

 

 

7

 %

 

 

55,210

 

 

 

6

 %

Total revenue

 

$

987,321

 

 

 

100

 %

 

$

815,868

 

 

 

100

 %

 

$

1,005,183

 

 

 

100

 %

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area For geographical revenue reporting, revenue is attributed to the geographic location to which the product is shipped. Revenue by geographic region is as follows:

 

 

Year Ended

 

 

 

December 28,
2024

 

 

December 30,
2023

 

 

December 31,
2022

 

 

 

(in thousands)

 

Revenue from third parties:

 

 

 

 

 

 

 

 

 

Taiwan

 

$

307,538

 

 

$

141,915

 

 

$

199,104

 

South Korea

 

 

285,695

 

 

 

169,323

 

 

 

224,172

 

China

 

 

116,387

 

 

 

136,940

 

 

 

250,968

 

United States

 

 

104,109

 

 

 

130,292

 

 

 

121,487

 

Southeast Asia

 

 

64,912

 

 

 

87,585

 

 

 

71,062

 

Japan

 

 

56,999

 

 

 

93,831

 

 

 

58,133

 

Europe

 

 

51,681

 

 

 

55,982

 

 

 

80,256

 

Total revenue

 

$

987,321

 

 

$

815,868

 

 

$

1,005,183

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The table below presents the Company’s consolidated operating results including significant segment expenses:

 

 

 

Year Ended

 

 

 

December 28,
2024

 

 

December 30,
2023

 

 

December 31,
2022

 

 

 

(in thousands)

 

Revenue

 

$

987,321

 

 

$

815,868

 

 

$

1,005,183

 

Less:

 

 

 

 

 

 

 

 

 

Restructuring expenses (1)

 

 

23,077

 

 

 

10,599

 

 

 

 

Merger and acquisitions related expenses (2)

 

 

7,652

 

 

 

2,607

 

 

 

5,761

 

Litigation expenses (3)

 

 

27

 

 

 

11,337

 

 

 

3,935

 

Cost of revenue (excluding 1 & 2)

 

 

457,855

 

 

 

388,429

 

 

 

465,883

 

Research and development (excluding 1 & 2)

 

 

109,572

 

 

 

103,656

 

 

 

105,648

 

Sales and marketing (excluding 1 & 2)

 

 

75,911

 

 

 

61,604

 

 

 

65,558

 

General and administrative (excluding 1, 2 & 3)

 

 

76,687

 

 

 

66,736

 

 

 

66,400

 

Amortization

 

 

49,437

 

 

 

54,822

 

 

 

55,284

 

Operating income

 

 

187,103

 

 

 

116,078

 

 

 

236,714

 

Interest income, net

 

 

33,489

 

 

 

20,356

 

 

 

5,011

 

Other expense, net

 

 

(145

)

 

 

(3,852

)

 

 

(141

)

Provision for income taxes

 

 

18,777

 

 

 

11,423

 

 

 

18,250

 

Net income

 

$

201,670

 

 

$

121,159

 

 

$

223,334

 

Schedule of Revenue by Major Customer by Reporting Segments

The following customers represented 10% or more of the Company’s total revenue for the respective years:

 

 

Year Ended

Customer

 

December 28,
2024

 

 

December 30,
2023

 

December 31,
2022

Customer A

 

 

23

%

 

14 %

 

15 %

Customer B

 

 

17

%

 

19 %

 

13 %

Customer C

 

 

12

%

 

^

 

11 %

 

 

 

 

 

 

 

 

^ Total customer revenue was less than 10% of total revenue.

 

 

Two customers’ net accounts receivable balances were individually greater than 10% of net accounts receivable at December 28, 2024,