Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 28, 2024 |
Sep. 30, 2023 |
Sep. 28, 2024 |
Sep. 30, 2023 |
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| REVENUES | ||||
| Total revenues | $ 230,100,000 | $ 280,100,000 | $ 733,000,000.0 | $ 802,600,000 |
| Cost of revenues | 138,900,000 | 161,000,000.0 | 422,400,000 | 467,300,000 |
| GROSS PROFIT | 91,200,000 | 119,100,000 | 310,600,000 | 335,300,000 |
| OPERATING EXPENSES | ||||
| Selling and marketing | 17,100,000 | 17,700,000 | 51,800,000 | 49,200,000 |
| General and administrative | 44,600,000 | 34,900,000 | 122,200,000 | 104,300,000 |
| Impairment | 2,800,000 | 0 | 2,800,000 | 0 |
| Operating expenses | 64,500,000 | 52,600,000 | 176,800,000 | 153,500,000 |
| INCOME FROM OPERATIONS | 26,700,000 | 66,500,000 | 133,800,000 | 181,800,000 |
| Interest expense, net | (11,600,000) | (14,500,000) | (38,900,000) | (45,300,000) |
| Loss on extinguishment and modification of debt | 0 | (3,900,000) | (1,700,000) | (3,900,000) |
| Other income | 0 | 1,300,000 | 200,000 | 1,100,000 |
| INCOME BEFORE TAXES | 15,100,000 | 49,400,000 | 93,400,000 | 133,700,000 |
| Provision for income taxes | 3,300,000 | 12,400,000 | 23,300,000 | 33,700,000 |
| NET INCOME | 11,800,000 | 37,000,000.0 | 70,100,000 | 100,000,000.0 |
| Other comprehensive income (loss) | 2,200,000 | (1,700,000) | 1,800,000 | (400,000) |
| COMPREHENSIVE INCOME | $ 14,000,000.0 | $ 35,300,000 | $ 71,900,000 | $ 99,600,000 |
| Weighted-average shares outstanding, basic and diluted (Note 14) | ||||
| Basic (in shares) | 143,666,406 | 146,827,175 | 145,376,074 | 146,765,567 |
| Diluted (in shares) | 144,281,252 | 146,993,865 | 145,920,863 | 146,839,308 |
| Net income per share, basic and diluted (Note 14) | ||||
| Basic (in dollars per share) | $ 0.08 | $ 0.25 | $ 0.48 | $ 0.68 |
| Diluted (in dollars per share) | $ 0.08 | $ 0.25 | $ 0.48 | $ 0.68 |
| Product revenues | ||||
| REVENUES | ||||
| Total revenues | $ 175,900,000 | $ 237,800,000 | $ 596,800,000 | $ 686,000,000.0 |
| Cost of revenues | 102,600,000 | 129,700,000 | 332,500,000 | 380,400,000 |
| Service revenues | ||||
| REVENUES | ||||
| Total revenues | 54,200,000 | 42,300,000 | 136,200,000 | 116,600,000 |
| Cost of revenues | $ 36,300,000 | $ 31,300,000 | $ 89,900,000 | $ 86,900,000 |
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- Definition Gain (Loss) on Extinguishment of Debt And Debt Modification No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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