* Non-GAAP Gross Profit and the corresponding calculation of non-GAAP Gross Margin do not include adjustments for the following components of our net income: (i) additional AMTC related costs of $1,198, $2,281, and $— for the three months ended December 25, 2020, September 25, 2020, and December 27, 2019, respectively, and out of period adjustment for depreciation expense of GMR assets of $—, $768, and $— for the three months ended December 25, 2020, September 25, 2020, and December 27, 2019, respectively, and (ii) additional AMTC related costs of $6,553 and $— for the nine months ended December 25, 2020 and December 27, 2019, respectively, and out of period adjustment for depreciation expense of GMR assets of $768 and $— for the nine months ended September 25, 2020 and September 27, 2019, respectively.

		Three-Month Period Ended												Nine-Month Period Ended
		December 25, 2020				September 25, 2020				December 27, 2019				December 25, 2020				December 27, 2019
		(Dollars in thousands)
Reconciliation of Operating Expenses
GAAP Operating Expenses		$	98,649			$	49,368			$	50,394			$	199,186			$	155,595
Research and Development Expenses
GAAP Research and Development Expenses		30,999				25,130				25,485				80,509				77,565
Stock-based compensation		2,984				32				20				3,037				65
AMTC Facility consolidation one-time costs		1				—				—				2				—
COVID-19 related expenses		32				—				—				92				—
Transaction fees		—				—				—				18				—
Non-GAAP Research and Development Expenses		27,982				25,098				25,465				77,360				77,500
Selling, General and Administrative Expenses
GAAP Selling, General and Administrative Expenses		67,650				24,238				24,909				118,677				78,030
Stock-based compensation		38,198				495				236				39,020				849
AMTC Facility consolidation one-time costs		1,620				1,358				—				4,138				—
Amortization of acquisition-related intangible assets		71				9				—				80				—
COVID-19 related expenses		338				398				—				4,676				—
Transaction fees		1,729				1,871				2,335				3,699				3,782
Severance		(181		)		—				454				156				3,152
Non-GAAP Selling, General and Administrative Expenses		25,875				20,107				21,884				66,908				70,247
Total Non-GAAP Adjustments		44,792				4,163				3,045				54,918				7,848
Non-GAAP operating expenses *		$	53,857			$	45,205			$	47,349			$	144,268			$	147,747

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »