XML 15 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 01, 2016
Apr. 03, 2015
Apr. 01, 2016
Apr. 03, 2015
Revenues:        
Product $ 495,569 $ 513,765 $ 996,095 $ 989,595
Service 263,198 245,641 519,805 507,665
Total revenues 758,767 759,406 1,515,900 1,497,260
Cost of revenues:        
Product 330,987 330,458 674,443 636,275
Service 110,562 106,410 214,547 211,439
Total cost of revenues 441,549 436,868 888,990 847,714
Gross margin 317,218 322,538 626,910 649,546
Operating expenses:        
Research and development 62,108 59,312 122,089 116,388
Selling, general and administrative 121,127 117,190 254,188 257,672
Total operating expenses 183,235 176,502 376,277 374,060
Operating earnings 133,983 146,036 250,633 275,486
Interest income 4,298 3,044 8,247 6,084
Interest expense (3,312) (2,001) (5,542) (4,046)
Earnings before taxes 134,969 147,079 253,338 277,524
Taxes on earnings 37,986 41,110 67,313 78,241
Net earnings 96,983 105,969 186,025 199,283
Less: Net earnings attributable to noncontrolling interests 12 0 27 0
Net earnings attributable to Varian $ 96,971 $ 105,969 $ 185,998 $ 199,283
Net earnings per share - basic (in dollars per share) $ 1.01 $ 1.06 $ 1.93 $ 1.99
Net earnings per share - diluted (in dollars per share) $ 1.01 $ 1.05 $ 1.92 $ 1.97
Shares used in the calculation of net earnings per share:        
Weighted average shares outstanding - basic (in shares) 95,671 100,157 96,474 100,315
Weighted average shares outstanding - diluted (in shares) 96,179 101,026 97,072 101,341