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Condensed Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2017
Jul. 03, 2016
Jul. 02, 2017
Jul. 03, 2016
Product revenue $ 355,001 $ 356,975 $ 688,715 $ 681,328
Service revenue 191,961 179,267 372,362 352,930
Total revenue 546,962 536,242 1,061,077 1,034,258
Cost of product revenue 173,139 172,706 336,308 327,534
Cost of service revenue 116,320 109,982 227,655 218,084
Total cost of revenue 289,459 282,688 563,963 545,618
Selling, general and administrative expenses 147,944 150,952 293,037 295,490
Research and development expenses 33,562 31,868 66,850 61,839
Restructuring and contract termination charges, net 0 4,468 9,651 4,468
Operating income from continuing operations 75,997 66,266 127,576 126,843
Interest and other expense, net 5,205 5,393 16,801 16,479
Income from continuing operations before income taxes 70,792 60,873 110,775 110,364
Provision for income taxes 8,066 3,117 11,987 10,864
Income from continuing operations 62,726 57,756 98,788 99,500
(Loss) income from discontinued operations before income taxes (3,109) 4,927 650 13,117
Gain (loss) on disposition of discontinued operations before income taxes 180,377 (8) 180,377 (11)
Provision for (benefit from) income taxes on discontinued operations and dispositions 35,925 (1,182) 37,143 1,283
Income from discontinued operations and dispositions 141,343 6,101 143,884 11,823
Net income $ 204,069 $ 63,857 $ 242,672 $ 111,323
Basic earnings (loss) per share:        
Income (loss) from continuing operations (per share) $ 0.57 $ 0.53 $ 0.90 $ 0.91
Gain (loss) on discontinued operations and dispositions (per share) 1.29 0.06 1.31 0.11
Net income (per share) 1.86 0.59 2.21 1.01
Diluted earnings (loss) per share:        
Income (loss) from continuing operations (per share) 0.57 0.53 0.89 0.90
Gain (loss) on discontinued operations and dispositions (per share) 1.28 0.06 1.30 0.11
Net income (per share) $ 1.84 $ 0.58 $ 2.20 $ 1.01
Weighted average shares of common stock outstanding:        
Basic (in shares) 109,894 108,970 109,681 109,690
Diluted (in shares) 110,762 109,844 110,484 110,520
Cash dividends per common share $ 0.07 $ 0.07 $ 0.14 $ 0.14