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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 651,797 $ 729,879 $ 1,337,477 $ 1,329,698
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 278,785 304,035 549,128 564,572
Gross profit 373,012 425,844 788,349 765,126
Operating expenses:        
Selling and administrative 157,782 154,470 315,039 303,658
Engineering and development 118,382 111,816 236,570 215,015
Acquired intangible assets amortization 3,733 4,664 8,306 9,361
Restructuring and other 2,372 2,012 16,887 6,440
Gain on sale of business 0 (57,486) 0 (57,486)
Total operating expenses 282,269 215,476 576,802 476,988
Income from operations 90,743 210,368 211,547 288,138
Non-operating (income) expense:        
Interest income (4,351) (6,715) (9,427) (14,582)
Interest expense 805 1,530 1,600 2,190
Other (income) expense, net (2,270) (3,850) 3,790 8,225
Income before income taxes and equity in net earnings of affiliate 96,559 219,403 215,584 292,305
Income tax provision 12,260 33,130 26,804 41,835
Income before equity in net earnings of affiliate 84,299 186,273 188,780 250,470
Equity in net earnings of affiliate (5,927) 0 (11,511) 0
Net income $ 78,372 $ 186,273 $ 177,269 $ 250,470
Net income per common share:        
Basic $ 0.49 $ 1.18 $ 1.1 $ 1.61
Diluted $ 0.49 $ 1.14 $ 1.1 $ 1.54
Weighted average common shares—basic 159,967 157,804 160,734 155,426
Weighted average common shares—diluted 160,135 163,470 161,065 162,909
Product [Member]        
Revenues:        
Total revenues $ 522,657 $ 596,877 $ 1,084,614 $ 1,055,310
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 232,422 250,236 456,564 450,999
Service [Member]        
Revenues:        
Total revenues 129,140 133,002 252,863 274,388
Cost of revenues:        
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) $ 46,363 $ 53,799 $ 92,564 $ 113,573