Selected GAAP & Non-GAAP Financial Measures

(unaudited, in millions, except for percentages and per share amounts)

Quarter Ended

Nine Months Ended

Jul 3,
2016

Apr 3,
2016

Jun 28,
2015

Jul 3,
2016

Jun 28,
2015

Net sales

$

431.4

$

444.3

$

317.1

$

1,204.9

$

916.8

Selected GAAP Financial Measures

Gross profit

$

266.9

$

200.6

$

172.1

$

655.3

$

509.4

Gross margin

61.9

%

45.1

%

54.3

%

54.4

%

55.6

%

Operating income (loss)

$

51.2

$

(97.9)

$

25.2

$

(10.1)

$

90.3

Operating margin

11.9

%

(22.0)

%

7.9

%

(0.8)

%

9.8

%

Net income (loss)

$

115.2

$

(212.0)

$

14.7

$

(73.1)

$

59.2

Diluted earnings (loss) per share

$

1.00

$

(1.93)

$

0.15

$

(0.69)

$

0.62

Selected Non-GAAP Financial Measures

Gross profit

$

266.9

$

270.8

$

180.7

$

725.5

$

520.5

Gross margin

61.9

%

61.0

%

57.0

%

60.2

%

56.8

%

Operating income

$

122.7

$

116.2

$

78.8

$

322.7

$

228.7

Operating margin

28.5

%

26.1

%

24.9

%

26.8

%

24.9

%

Net income

$

84.0

$

74.7

$

65.3

$

227.9

$

191.0

Diluted earnings per share

$

0.73

$

0.67

$

0.68

$

2.12

$

2.01