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Supplementary Financial Information (Tables)
12 Months Ended
Oct. 28, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
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 2017 and fiscal 2016 include results of operations of Linear from March 10, 2017:
 
 
4Q17
 
3Q17
 
2Q17
 
1Q17
 
4Q16
 
3Q16
 
2Q16
 
1Q16
Revenue
 
1,541,170

 
1,433,902

 
1,147,982

 
984,449

 
1,003,623

 
869,591

 
778,766

 
769,429

Cost of sales
 
535,145

 
667,278

 
507,539

 
335,945

 
336,936

 
297,301

 
267,863

 
292,136

Gross margin
 
1,006,025

 
766,624

 
640,443

 
648,504

 
666,687

 
572,290

 
510,903

 
477,293

% of Revenue
 
65.3
%
 
53.5
%
 
55.8
%
 
65.9
%
 
66.4
%
 
65.8
%
 
65.6
%
 
62.0
%
Research and development
 
273,746

 
275,670

 
235,232

 
183,954

 
172,926

 
163,227

 
160,235

 
157,428

Selling, marketing, general and administrative
 
185,721

 
183,980

 
190,686

 
130,659

 
118,881

 
122,909

 
112,186

 
107,462

Special charges
 

 

 

 
49,463

 

 

 
13,684

 

 Other operating expense
 

 

 

 

 

 

 

 

Amortization of intangibles
 
98,348

 
112,153

 
68,690

 
18,160

 
17,899

 
17,447

 
17,419

 
17,358

Total operating expenses
 
557,815

 
571,803

 
494,608

 
382,236

 
309,706

 
303,583

 
303,524

 
282,248

Operating income
 
448,210

 
194,821

 
145,835

 
266,268

 
356,981

 
268,707

 
207,379

 
195,045

% of Revenue
 
29
%
 
14
%
 
13
%
 
27
%
 
36
%
 
31
%
 
27
%
 
25
%
Nonoperating (income) expenses:
 
 
 
 
 
 
 
 
 
 

 
 

 
 

 
 

Interest expense (a)
 
63,517

 
73,073

 
71,636

 
42,614

 
38,764

 
18,476

 
18,455

 
13,062

Interest income
 
(2,388
)
 
(5,524
)
 
(12,421
)
 
(10,000
)
 
(7,114
)
 
(5,665
)
 
(5,243
)
 
(3,199
)
Other, net
 
5,417

 
474

 
(94
)
 
345

 
1,897

 
(504
)
 
(743
)
 
3,005

Total nonoperating (income) expense
 
66,546

 
68,023

 
59,121

 
32,959

 
33,547

 
12,307

 
12,469

 
12,868

Income before income taxes
 
381,664

 
126,798

 
86,714

 
233,309

 
323,434

 
256,400

 
194,910

 
182,177

% of Revenue
 
25
%
 
9
%
 
8
%
 
24
%
 
32
%
 
29
%
 
25
%
 
24
%
Provision for income taxes (b)
 
34,014

 
57,882

 
(6,850
)
 
16,180

 
27,277

 
25,970

 
24,337

 
17,673

Net income
 
347,650

 
68,916

 
93,564

 
217,129

 
296,157

 
230,430

 
170,573

 
164,504

% of Revenue
 
23
%
 
5
%
 
8
%
 
22
%
 
30
%
 
26
%
 
22
%
 
21
%
Basic earnings per common share
 
0.94

 
0.18

 
0.27

 
0.70

 
0.96

 
0.75

 
0.55

 
0.53

Diluted earnings per common share
 
0.93

 
0.18

 
0.27

 
0.69

 
0.95

 
0.74

 
0.55

 
0.52

Shares used to compute earnings per share (in thousands):
 
 
 
 
 
 
 
 
 
 

 
 

 
 

 
 

Basic
 
368,043

 
367,315

 
341,316

 
308,786

 
307,854

 
307,135

 
308,790

 
311,166

Diluted
 
372,053

 
371,159

 
345,654

 
313,076

 
311,633

 
310,558

 
312,250

 
314,793

Dividends declared per share
 
0.45

 
0.45

 
0.45

 
0.42

 
0.42

 
0.42

 
0.42

 
0.40


a) Interest expense in fiscal 2017 and the fourth quarter of fiscal 2016 includes interest and fees associated with financing commitments entered into in connection with the Acquisition.
b) Provision for income taxes in the second quarter of fiscal 2017 included a tax benefit of $15.0 million for the release of a state tax credit valuation allowance as a result of the Acquisition. Provision for income taxes in the third quarter of fiscal 2017 included approximately $98.2 million of tax expense incurred during the quarter as part of the post-Acquisition integration, partially offset by a tax benefit of $50.5 million related to the reduction of reserves and related interest resulting from the U.S. Tax Court’s favorable ruling, as well as lower statutory tax rates applicable to our operations in the foreign jurisdictions in which we earn income.