Supplementary Financial Information (Unaudited)

12 Months Ended

Oct. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

SUPPLEMENTARY FINANCIAL INFORMATION (Unaudited)

SUPPLEMENTARY FINANCIAL INFORMATION

(Unaudited) (thousands, except per share amounts and as noted)

The Company’s fiscal year is the 52-week or 53-week period ending on the Saturday closest to the last day in October. The Company's interim periods operates on a 4-4-5 fiscal calendar, where each fiscal quarter is comprised of two 4-week periods and one 5-week period, with each week ending on a Saturday. The Company's fiscal year quarterly financial information for fiscal 2015 and fiscal 2014 includes results of operations of Hittite from July 22, 2014:

	4Q15		3Q15		2Q15		1Q15		4Q14		3Q14		2Q14		1Q14
Revenue	978,722		863,365		821,019		771,986		814,247		727,752		694,536		628,238
Cost of sales (a)	336,926		294,328		276,197		268,379		328,210		251,462		235,793		219,120
Gross margin	641,796		569,037		544,822		503,607		486,037		476,290		458,743		409,118
% of Revenue	65.6	%	65.9	%	66.4	%	65.2	%	59.7	%	65.4	%	66.1	%	65.1	%
Research and development	170,736		160,784		154,233		151,706		154,797		140,095		136,203		128,591
Selling, marketing, general and administrative	121,400		120,030		117,371		120,171		121,424		132,989		102,085		98,178
Special charges	—		—		—		—		34,637		—		—		2,685
Other operating expense (b)	223,672		—		—		—		—		—		—		—
Amortization of intangibles	17,358		22,954		24,210		23,796		25,250		660		55		55
Total operating expenses	533,166		303,768		295,814		295,673		336,108		273,744		238,343		229,509
Operating income	108,630		265,269		249,008		207,934		149,929		202,546		220,400		179,609
% of Revenue	11	%	31	%	30	%	27	%	18	%	28	%	32	%	29	%
Nonoperating (income) expenses:
Interest expense	6,739		6,755		6,880		6,656		13,161		8,178		6,874		6,571
Interest income	(2,343	)	(2,229	)	(2,009	)	(2,044	)	(2,046	)	(3,442	)	(3,401	)	(3,284	)
Other, net	(443	)	1,265		(1,052	)	2,552		116		422		(441	)	431
Total nonoperating (income) expense	3,953		5,791		3,819		7,164		11,231		5,158		3,032		3,718
Income before income taxes	104,677		259,478		245,189		200,770		138,698		197,388		217,368		175,891
% of Revenue	11	%	30	%	30	%	26	%	17	%	27	%	31	%	28	%
Provision for income taxes (c)	8,372		43,000		39,851		22,013		30,003		16,782		29,935		23,305
Net income	96,305		216,478		205,338		178,757		108,695		180,606		187,433		152,586
% of Revenue	10	%	25	%	25	%	23	%	13	%	25	%	27	%	24	%
Basic earnings per share	0.31		0.69		0.66		0.57		0.35		0.57		0.60		0.49
Diluted earnings per share	0.30		0.68		0.65		0.57		0.34		0.57		0.59		0.48
Shares used to compute earnings per share (in thousands):
Basic	312,829		313,877		312,660		311,274		312,815		314,190		313,488		312,286
Diluted	316,571		318,187		317,047		315,684		316,868		318,876		318,347		318,017
Dividends declared per share	0.40		0.40		0.40		0.37		0.37		0.37		0.37		0.34

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) The Company converted the benefits provided to participants in the Company’s Irish defined benefits pension plan to benefits provided under the Company’s Irish defined contribution plan. As a result the Company recorded expenses of $223.7 million, including settlement charges, legal, accounting and other professional fees to settle the pension obligation.

c) Provision for income taxes in the fourth quarter of fiscal 2015 includes a benefit of $13.0 million for the reversal of certain prior period tax liabilities and in the first quarter of fiscal 2015 includes a tax benefit of $7.0 million from the reinstatement of the U.S. federal research and development tax credit in December 2014 retroactive to January 1, 2014 and a tax benefit of $3.8 million as a result of an acquisition accounting adjustment.