Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income

v3.24.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
REVENUES      
Total Revenues $ 1,066.4 $ 1,019.5 $ 750.1
Cost of Revenues 616.7 654.6 498.8
GROSS PROFIT 449.7 364.9 251.3
OPERATING EXPENSE      
Selling and marketing 65.5 58.3 46.3
General and administrative 138.5 119.1 112.0
Contingent consideration and earnout fair value adjustments 0.0 0.0 0.7
Operating Expenses 204.0 177.4 159.0
INCOME FROM OPERATIONS 245.7 187.5 92.3
Interest expense (60.0) (42.0) (32.9)
Loss on extinguishment and modification of debt (3.9) 0.0 (2.4)
Other income (expense) 1.0 (0.2) (0.8)
Change in fair value of derivative warrant liabilities 0.0 0.0 (5.9)
Other Expense, Net (62.9) (42.2) (42.0)
INCOME BEFORE TAXES 182.8 145.3 50.3
Provision for Income Taxes (47.1) (37.6) (6.5)
NET INCOME 135.7 107.7 43.8
Other Comprehensive Income (Loss), net of tax 1.9 (3.9) (0.7)
COMPREHENSIVE INCOME 137.6 103.8 43.1
Net income attributable to common stockholders, basic 135.7 107.7 43.8
Net income attributable to common stockholders, diluted $ 135.7 $ 107.7 $ 43.8
Weighted-average shares outstanding, basic and diluted      
Basic (in shares) 146,782,101 146,606,197 107,875,018
Diluted (in shares) 146,882,057 146,722,866 108,977,811
Net income per share, basic and diluted      
Basic (in dollars per share) $ 0.92 $ 0.73 $ 0.41
Diluted (in dollars per share) $ 0.92 $ 0.73 $ 0.40
Product revenues      
REVENUES      
Total Revenues $ 909.8 $ 890.9 $ 636.8
Cost of Revenues 500.8 557.1 417.6
Service revenues      
REVENUES      
Total Revenues 156.6 128.6 113.3
Cost of Revenues $ 115.9 $ 97.5 $ 81.2