(Unaudited)
Three Months Ended | |||||||||||||||||||
(in thousands, except percentages) | June 29, 2024 | March 30, 2024 | July 1, 2023 | ||||||||||||||||
GAAP gross profit/margin | $ | 332,304 | 37.5 | % | $ | 381,857 | 40.6 | % | $ | 229,070 | 35.2 | % | |||||||
Stock-based compensation expense | 5,186 | 0.6 | 3,444 | 0.3 | 4,949 | 0.7 | |||||||||||||
Amortization of intangible assets | 25,827 | 2.9 | 26,031 | 2.8 | 26,489 | 4.1 | |||||||||||||
Restructuring-related charges | — | — | 1,212 | 0.1 | 18,955 | 2.9 | |||||||||||||
Acquisition and integration-related costs | 1,925 | 0.2 | 1,281 | 0.1 | 1 | — | |||||||||||||
Adjustments related to a terminated capacity reservation agreement | (2,586 | ) | (0.3 | ) | (13,445 | ) | (1.4 | ) | — | — | |||||||||
Non-GAAP gross profit/margin | $ | 362,656 | 40.9 | % | $ | 400,380 | 42.5 | % | $ | 279,464 | 42.9 | % | |||||||