Selected GAAP & Non-GAAP Financial Measures

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

Quarter Ended

Nine Months Ended

Jul 2,
2017

Apr 2,
2017

Jul 3,
2016

Jul 2,
2017

Jul 3,
2016

Net sales

$

458.1

$

442.9

$

431.4

$

1,336.5

$

1,204.9

Selected GAAP Financial Measures

Gross profit

$

292.7

$

284.1

$

266.9

$

853.3

$

655.3

Gross margin

63.9

%

64.1

%

61.9

%

63.8

%

54.4

%

Operating income (loss)

$

70.0

$

69.1

$

51.2

$

194.9

$

(10.1)

Operating margin

15.3

%

15.6

%

11.9

%

14.6

%

(0.8)

%

Net income (loss)

$

13.6

$

41.2

$

115.2

$

74.3

$

(73.1)

Diluted earnings (loss) per share

$

0.12

$

0.35

$

1.00

$

0.64

$

(0.69)

Selected Non-GAAP Financial Measures

Gross profit

$

292.7

$

284.1

$

266.9

$

853.3

$

725.5

Gross margin

63.9

%

64.1

%

61.9

%

63.8

%

60.2

%

Operating income

$

147.9

$

137.5

$

122.7

$

418.1

$

322.7

Operating margin

32.3

%

31.1

%

28.5

%

31.3

%

26.8

%

Net income

$

116.0

$

106.2

$

84.0

$

322.1

$

227.9

Diluted earnings per share

$

0.99

$

0.91

$

0.73

$

2.76

$

2.12