
	Three-months Ended				Six-months Ended
	June 29, 2025		June 30, 2024		June 29, 2025		June 30, 2024
Revenue	$	249,093	$	239,292	$	465,129	$	450,089
Less:
Cost of revenue (1)	81,217		72,693		152,930		141,553
Gross profit	167,876		166,599		312,199		308,536
Less:
Research, development, and engineering expenses
Salaries and fringe benefits	19,557		20,337		37,831		40,054
Incentive compensation (2)	2,368		1,801		3,439		2,785
Stock-based compensation	3,443		3,540		8,139		7,929
Depreciation and amortization	737		795		1,492		1,618
Other segment expenses (3)	6,997		8,489		16,928		19,681
Total research, development, and engineering expenses	33,102		34,962		67,829		72,067
Selling, general, and administrative expenses
Salaries and fringe benefits	44,440		45,212		86,635		89,894
Incentive compensation (2)	13,858		12,006		24,740		23,066
Stock-based compensation	8,314		9,011		12,889		17,319
Depreciation and amortization	4,118		4,137		8,279		8,256
Other segment expenses (3)	20,611		22,814		42,302		45,273
Total selling, general, and administrative expenses	91,341		93,180		174,845		183,808
Operating income	43,433		38,457		69,525		52,661
Foreign currency gain (loss)	(1,503)		(181)		(3,956)		(135)
Investment income	4,040		3,116		8,030		6,236
Other income (expense)	2,092		176		2,261		372
Income before income tax expense	48,062		41,568		75,860		59,134
Income tax expense	7,551		5,356		11,746		10,900
Net income	$	40,511	$	36,212	$	64,114	$	48,234

(1) Cost of revenue includes depreciation and amortization expense (including amortization of acquired technologies) of $3,144,000 and $6,162,000 for the three-month and six-month periods ended June 29, 2025, respectively, and $2,988,000 and $6,138,000 for the three-month and six-month periods ended June 30, 2024, respectively.