Summary of Schedule Reconciling Selected Non-GAAP Financial Measures

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

Quarter Ended October 2, 2016

GAAP

Non-GAAP
Adjustments

Non-GAAP

Net sales

$

450.1

$

—

$

450.1

Gross profit

$

281.8

$

—

$

281.8

Operating income

$

72.2

$

67.3

$

139.5

Net income

$

48.9

$

56.0

$

104.9

Diluted earnings per share

$

0.42

$

0.49

$

0.91

Consolidated Condensed Statements of Income

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

Quarter Ended

Fiscal Year Ended

Oct 2, 
2016

Jul 3, 
2016

Sep 27, 
2015

Oct 2, 
2016

Sep 27, 
2015

Net sales

$

450.1

$

431.4

$

328.8

$

1,655.0

$

1,245.6

Cost of sales

168.3

164.5

154.0

717.9

561.3

Gross profit

$

281.8

$

266.9

$

174.8

$

937.1

$

684.3

Operating expenses

Selling, general and administrative

$

77.9

$

80.1

$

61.0

$

321.0

$

243.3

Research and development

83.5

83.0

54.0

309.1

200.3

Amortization of intangible assets

45.6

44.9

25.4

161.2

96.5

Restructuring, severance and facilities charges

2.4

4.9

1.4

60.7

15.4

Acquisition and divestiture related costs

0.2

2.8

0.7

31.4

6.2

  Total operating expenses

$

209.6

$

215.7

$

142.5

$

883.4

$

561.7

Operating income

$

72.2

$

51.2

$

32.3

$

53.7

$

122.6

Interest and other (expense), net

(28.0)

73.4

(4.8)

(79.1)

(25.7)

Income (loss) before income taxes

$

44.2

$

124.6

$

27.5

$

(25.4)

$

96.9

Provision (benefit) for income taxes

(4.7)

9.4

2.2

7.2

12.3

Net income (loss)

$

48.9

$

115.2

$

25.3

$

(32.6)

$

84.6

Earnings (loss) per share

Basic

$

0.43

$

1.03

$

0.27

$

(0.31)

$

0.90

Diluted

$

0.42

$

1.00

$

0.26

$

(0.31)

$

0.88

Weighted-average common shares outstanding

Basic

112.4

112.1

94.3

107.0

94.2

Diluted

115.4

114.6

96.5

107.0

95.9