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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Jul. 03, 2016
Jun. 28, 2015
Income Statement [Abstract]        
Net sales [1] $ 534.9 $ 573.6 $ 1,060.1 $ 1,135.1
Costs and expenses        
Cost of sales 331.8 353.9 651.8 696.6
Selling, general and administrative expenses 148.8 150.6 292.9 301.8
Total costs and expenses 480.6 504.5 944.7 998.4
Operating income 54.3 69.1 115.4 136.7
Interest expense, net (5.9) (6.0) (11.6) (11.9)
Other income, net 17.2 3.4 15.9 4.2
Income before income taxes 65.6 66.5 119.7 129.0
Provision for income taxes 19.5 18.4 35.1 37.0
Net income from continuing operations 46.1 48.1 84.6 92.0
Loss from discontinued operations, net of income taxes (0.4) (0.1) (0.5) (0.3)
Net income 45.7 48.0 84.1 91.7
Noncontrolling interest 0.0 0.3 0.0 0.3
Net income attributable to Teledyne 45.7 48.3 84.1 92.0
Amounts attributable to Teledyne:        
Net income from continuing operations 46.1 48.4 84.6 92.3
Loss from discontinued operations, net of income taxes $ (0.4) $ (0.1) $ (0.5) $ (0.3)
Basic earnings per common share:        
Continuing operations (in USD per share) $ 1.34 $ 1.37 $ 2.45 $ 2.60
Discontinued operations (in USD per share) (0.01) 0.00 (0.01) (0.01)
Basic earnings per common share (in USD per share) $ 1.33 $ 1.37 $ 2.44 $ 2.59
Weighted average common shares outstanding (in shares) 34.4 35.3 34.4 35.5
Diluted earnings per common share:        
Continuing operations (in USD per share) $ 1.32 $ 1.34 $ 2.42 $ 2.54
Discontinued operations (in USD per share) (0.01) 0.00 (0.01) (0.01)
Diluted earnings per common share (in USD per share) $ 1.31 $ 1.34 $ 2.41 $ 2.53
Weighted average diluted common shares outstanding (in shares) 35.0 36.1 35.0 36.3
[1] (a)Net sales excludes inter-segment sales of $6.9 million and $12.0 million for the second quarter and six months ended July 3, 2016, respectively, and $3.8 million and $8.1 million for the second quarter and six months ended June 28, 2015, respectively.