(4)Amounts in table may not foot due to rounding
| Gross Profit and Gross Profit Margin (1) | ||||||||||||
| Three Months Ended December 31, | ||||||||||||
| (in thousands) | 2023 | 2022 | ||||||||||
| Gross Profit | Gross Profit Margin (2) | Gross Profit | Gross Profit Margin (2) | |||||||||
| GAAP | $ | 43,957 | 38.3 | % | $ | 54,630 | 41.2 | % | ||||
| Amortization expense included in Cost of sales | 382 | (398 | ) | |||||||||
| Restructuring expense included in Cost of sales | 1,427 | — | ||||||||||
| Non-GAAP | $ | 45,766 | 39.8 | % | $ | 54,232 | 40.9 | % | ||||
(1) Amounts in table may not foot due to rounding
(2) Calculated as non-GAAP gross profit as a percentage of total revenue.
| Year Ended December 31, | |||||||||||
| (in thousands) | 2023 | 2022 | |||||||||
| Gross Profit | Gross Profit Margin (2) | Gross Profit | Gross Profit Margin (2) | ||||||||
| GAAP | $ | 196,421 | 40.2 | % | $ | 214,233 | 39.8 | % | |||
| Amortization expense included in Cost of sales | 506 | 14 | |||||||||
| Restructuring expense included in Cost of sales | 1,427 | — | |||||||||
| Non-GAAP | $ | 198,354 | 40.6 | % | $ | 214,247 | 39.8 | % | |||
