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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Revenue $ 190,079 $ 161,372 $ 374,389 $ 311,887
Cost of revenue 57,518 50,887 113,227 100,635
Gross margin 132,561 110,485 261,162 211,252
Operating expenses:        
Research and development 41,946 33,613 77,935 66,168
Selling, general, and administrative 36,788 29,024 69,366 57,795
Amortization of acquired intangible assets 869 870 1,739 2,039
Restructuring (112) 136 (82) 190
Acquisition related 0 56 0 511
Total operating expenses 79,491 63,699 148,958 126,703
Income from operations 53,070 46,786 112,204 84,549
Interest income (expense), net 189 (891) (366) (1,599)
Other (expense) income, net (176) (243) (271) (265)
Income before income taxes 53,083 45,652 111,567 82,685
Income tax expense 2,439 1,120 5,000 2,075
Net income $ 50,644 $ 44,532 $ 106,567 $ 80,610
Net income per share:        
Basic (in dollars per share) $ 0.37 $ 0.32 $ 0.77 $ 0.59
Diluted (in dollars per share) $ 0.36 $ 0.32 $ 0.76 $ 0.57
Shares used in per share calculations:        
Basic (in shares) 137,735 137,424 137,573 137,462
Diluted (in shares) 139,768 140,170 139,966 140,657