Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE OPERATIONS      
Net sales $ 675,729 $ 661,604 $ 582,440
Cost of sales (1) [1] 446,323 430,714 385,157
Gross profit 229,406 230,890 197,283
Operating expenses      
Operating expense 239,287 230,239 206,394
(Loss) income from operations (9,881) 651 (9,111)
Other income (expense):      
Other income, net 3,197 467 238
Interest expense (1,394) (1,437) (1,115)
Total other income (expense), net 1,803 (970) (877)
Loss before income taxes (8,078) (319) (9,988)
Income tax provision 145 632 351
Net loss (8,223) (951) (10,339)
Other comprehensive gain:      
Foreign currency translation adjustments   127 93
Actuarial gain on defined benefit plan (305) 872 307
Unrealized gain (loss) on deferred compensation trust assets (38) (147) 89
Total other comprehensive gain (343) 852 489
Comprehensive (loss) income $ (8,566) $ (99) $ (9,850)
Net loss per share:      
Basic net loss per share $ (0.15) $ (0.02) $ (0.20)
Diluted net loss per share $ (0.14) $ (0.02) $ (0.20)
Weighted-average common shares outstanding:      
Shares used in computation of basic net loss per share 56,570 54,137 51,381
Shares used in computation of diluted net loss per share 56,570 54,137 51,381
[1] Excludes depreciation and amortization expense which is included in operating expense as described in “Note 1 – Summary of Significant Accounting Policies and Nature of Operations”.