XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Apr. 01, 2018
Apr. 02, 2017
Apr. 01, 2018
Apr. 02, 2017
Income Statement [Abstract]        
Net sales $ 492.2 $ 442.9 $ 960.9 $ 878.4
Cost of sales (excluding amortization of intangible assets below) 201.9 158.8 382.0 317.8
Gross profit 290.3 284.1 578.9 560.6
Operating expenses        
Selling, general and administrative 100.8 75.8 185.1 166.2
Research and development costs 92.7 86.9 181.8 169.2
Amortization of intangible assets 42.2 46.5 92.4 92.1
Restructuring, severance and facilities charges 3.1 5.8 8.6 8.2
Total operating expenses 238.8 215.0 467.9 435.7
Operating income 51.5 69.1 111.0 124.9
Other expense        
Interest expense, net (22.8) (25.9) (44.4) (51.8)
Other expense, net (0.8) (0.3) (4.4) (1.6)
Total other expense (23.6) (26.2) (48.8) (53.4)
Income before income taxes 27.9 42.9 62.2 71.5
Provision for income taxes 15.6 1.7 2.0 10.9
Net income $ 12.3 $ 41.2 $ 60.2 $ 60.6
Earnings per share        
Basic (USD per share) $ 0.10 $ 0.36 $ 0.51 $ 0.53
Diluted (USD per share) $ 0.10 $ 0.35 $ 0.50 $ 0.52
Weighted-average common shares outstanding:        
Basic (in shares) 117.4 114.7 117.2 114.4
Diluted (in shares) 119.6 117.0 119.3 116.6
Net income $ 12.3 $ 41.2 $ 60.2 $ 60.6
Other comprehensive income (loss), net of taxes        
Currency translation adjustment 0.9 0.3 1.4 (0.9)
Other comprehensive income (loss), net of taxes 0.9 0.3 1.4 (0.9)
Total comprehensive income $ 13.2 $ 41.5 $ 61.6 $ 59.7