Supplementary Financial Information (Unaudited)

12 Months Ended

Nov. 01, 2014

Quarterly Financial Information Disclosure [Abstract]

SUPPLEMENTARY FINANCIAL INFORMATION (Unaudited)

SUPPLEMENTARY FINANCIAL INFORMATION

(Unaudited)

Quarterly financial information for fiscal 2014 and fiscal 2013 (thousands, except per share amounts and as noted) include results of operations of Hittite from July 22, 2014:

	4Q14		3Q14		2Q14		1Q14		4Q13		3Q13		2Q13		1Q13
Revenue	814,247		727,752		694,536		628,238		678,133		674,172		659,250		622,134
Cost of sales (a)	328,210		251,462		235,793		219,120		233,263		239,110		237,055		231,850
Gross margin	486,037		476,290		458,743		409,118		444,870		435,062		422,195		390,284
% of Revenue	59.7	%	65.4	%	66.1	%	65.1	%	65.6	%	64.5	%	64.0	%	62.7	%
Research and development	154,797		140,095		136,203		128,591		130,979		128,892		128,055		125,109
Selling, marketing, general and administrative	121,424		132,989		102,085		98,178		98,197		97,773		102,703		97,560
Special charges	34,637		—		—		2,685		15,777		—		—		14,071
Amortization of intangibles	25,250		660		55		55		55		55		55		55
Total operating expenses	336,108		273,744		238,343		229,509		245,008		226,720		230,813		236,795
Operating income	149,929		202,546		220,400		179,609		199,862		208,342		191,382		153,489
% of Revenue	18	%	28	%	32	%	29	%	29	%	31	%	29	%	25	%
Nonoperating (income) expenses:
Interest expense	13,161		8,178		6,874		6,571		6,659		7,672		6,357		6,414
Interest income	(2,046	)	(3,442	)	(3,401	)	(3,284	)	(3,351	)	(3,125	)	(3,044	)	(3,233	)
Other, net (b)	116		422		(441	)	431		(85,958	)	8,754		408		199
Total nonoperating (income) expense	11,231		5,158		3,032		3,718		(82,650	)	13,301		3,721		3,380
Income before income taxes	138,698		197,388		217,368		175,891		282,512		195,041		187,661		150,109
% of Revenue	17	%	27	%	31	%	28	%	42	%	29	%	28	%	24	%
Provision for income taxes (c)	30,003		16,782		29,935		23,305		80,958		18,802		23,189		18,887
Net income	108,695		180,606		187,433		152,586		201,554		176,239		164,472		131,222
% of Revenue	13	%	25	%	27	%	24	%	30	%	26	%	25	%	21	%
Basic earnings per share	0.35		0.57		0.60		0.49		0.65		0.57		0.53		0.43
Diluted earnings per share	0.34		0.57		0.59		0.48		0.64		0.56		0.52		0.42
Shares used to compute earnings per share (in thousands):
Basic	312,815		314,190		313,488		312,286		311,009		309,117		307,444		303,484
Diluted	316,868		318,876		318,347		318,017		317,216		315,307		313,368		310,275
Dividends declared per share	0.37		0.37		0.37		0.34		0.34		0.34		0.34		0.30

a) Cost of sales in the fourth quarter of fiscal 2014 includes $53.6 million related to the sale of acquired inventory written up to fair value as a result of the Acquisition.

b) Other, net in the fourth quarter of fiscal 2013 includes a gain on the sale of the assets and intellectual property related to the Company's microphone product line of $85.4 million.

c) The provision for income taxes in the fourth quarter of fiscal 2013 includes (i) $36.5 million of additional tax expense recorded in connection with the Company's uncertain tax position related to the beneficial treatment of dividends paid by a foreign subsidiary and (ii) $26.7 million of income tax expense on the sale of the assets and intellectual property related to the Company's microphone product line.