(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 | $ | 198,812 | 40.7 | % | $ | 214,233 | 39.8 | % | |||
Amortization expense included in Cost of sales | 506 | 14 | |||||||||
Restructuring expense included in Cost of sales | 1,427 | — | |||||||||
Non-GAAP | $ | 200,745 | 41.1 | % | $ | 214,247 | 39.8 | % | |||