XML 29 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Revenue $ 660,356 $ 515,327 $ 408,120
Cost of revenue 208,306 193,652 162,814
Gross margin 452,050 321,675 245,306
Operating expenses:      
Research and development 135,767 110,518 89,223
Selling, general, and administrative 122,076 105,617 95,331
Amortization of acquired intangible assets 3,778 2,613 4,449
Restructuring charges 2,551 940 3,937
Acquisition related charges 511 1,171 0
Total operating expenses 264,683 220,859 192,940
Income from operations 187,367 100,816 52,366
Interest expense (4,146) (2,738) (3,702)
Other (expense) income, net (1,109) (452) (208)
Income before income taxes 182,112 97,626 48,456
Income tax expense (benefit) 3,230 1,704 1,064
Net income $ 178,882 $ 95,922 $ 47,392
Net income per share:      
Basic (in dollars per share) $ 1.30 $ 0.70 $ 0.35
Diluted (in dollars per share) $ 1.27 $ 0.67 $ 0.34
Shares used in per share calculations:      
Basic (in shares) 137,321 136,619 135,220
Diluted (in shares) 140,667 142,143 141,276