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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Revenue $ 127,091 $ 192,169 $ 391,982 $ 566,558
Cost of revenue 39,403 57,608 123,335 170,835
Gross margin 87,688 134,561 268,647 395,723
Operating expenses:        
Research and development 41,398 42,048 120,722 119,983
Selling, general, and administrative 30,994 33,217 87,468 102,583
Amortization of acquired intangible assets 870 870 2,609 2,609
Restructuring 6,899 1,509 11,182 1,427
Total operating expenses 80,161 77,644 221,981 226,602
Income from operations 7,527 56,917 46,666 169,121
Interest income (expense), net 936 954 3,176 588
Other income (expense), net (249) 14 (41) (257)
Income before income taxes 8,214 57,885 49,801 169,452
Income tax expense 1,024 4,097 5,184 9,097
Net income $ 7,190 $ 53,788 $ 44,617 $ 160,355
Net income per share:        
Basic (in dollars per share) $ 0.05 $ 0.39 $ 0.32 $ 1.16
Diluted (in dollars per share) $ 0.05 $ 0.38 $ 0.32 $ 1.15
Shares used in per share calculations:        
Basic (in shares) 137,709 137,948 137,577 137,697
Diluted (in shares) 137,894 139,828 138,274 139,927