Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income

v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
REVENUES        
Total Revenues $ 270,611 $ 247,714 $ 522,516 $ 477,234
Cost of Revenues 154,291 163,733 306,262 316,684
GROSS PROFIT 116,320 83,981 216,254 160,550
OPERATING EXPENSE        
Selling and marketing 16,721 14,389 31,542 27,739
General and administrative 35,316 29,743 69,416 57,849
Operating Expenses 52,037 44,132 100,958 85,588
INCOME FROM OPERATIONS 64,283 39,849 115,296 74,962
Interest expense (14,797) (8,868) (30,796) (17,643)
Other expense (145) (342) (161) (369)
INCOME BEFORE TAXES 49,341 30,639 84,339 56,950
Provision for Income Taxes 12,354 7,802 21,370 14,409
NET INCOME 36,987 22,837 62,969 42,541
Other Comprehensive Income (Loss) 631 (3,387) 1,322 (3,901)
COMPREHENSIVE INCOME 37,618 19,450 64,291 38,640
Net income attributable to common stockholders, basic 36,987 22,837 62,969 42,541
Net income attributable to common stockholders, diluted $ 36,987 $ 22,837 $ 62,969 $ 42,541
Weighted-average shares outstanding, basic and diluted (Note 12)        
Basic (in shares) 146,765,631 146,575,720 146,734,762 146,568,719
Diluted (in shares) 146,772,157 146,717,937 146,762,029 146,648,306
Net income per share, basic and diluted (Note 12)        
Basic (in dollars per share) $ 0.25 $ 0.16 $ 0.43 $ 0.29
Diluted (in dollars per share) $ 0.25 $ 0.16 $ 0.43 $ 0.29
Product revenues        
REVENUES        
Total Revenues $ 232,831 $ 219,022 $ 448,239 $ 420,849
Cost of Revenues 126,342 142,391 250,701 274,165
Service revenues        
REVENUES        
Total Revenues 37,780 28,692 74,277 56,385
Cost of Revenues $ 27,949 $ 21,342 $ 55,561 $ 42,519