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Supplementary Financial Information (Tables)
12 Months Ended
Nov. 03, 2018
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. Fiscal 2018 is a 53-week fiscal year. Fiscal 2017 was a 52-week fiscal year. The Company's interim periods operate 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 additional week in fiscal 2018 was included in the first quarter ended February 3, 2018. Therefore, fiscal 2018 included an additional week of operations as compared to fiscal 2017. The Company's fiscal year quarterly financial information for fiscal 2018 and fiscal 2017 include results of operations of Linear from March 10, 2017:
 
 
4Q18
 
3Q18
 
2Q18
 
1Q18
 
4Q17
 
3Q17
 
2Q17
 
1Q17
Revenue
 
1,596,586

 
1,572,679

 
1,513,053

 
1,518,624

 
1,541,170

 
1,433,902

 
1,147,982

 
984,449

Cost of sales
 
502,932

 
502,033

 
479,241

 
483,434

 
535,145

 
667,278

 
507,539

 
335,945

Gross margin
 
1,093,654

 
1,070,646

 
1,033,812

 
1,035,190

 
1,006,025

 
766,624

 
640,443

 
648,504

% of Revenue
 
68.5
%
 
68.1
%
 
68.3
%
 
68.2
%
 
65.3
%
 
53.5
%
 
55.8
%
 
65.9
%
Research and development
 
295,699

 
291,642

 
289,472

 
288,597

 
273,746

 
275,670

 
235,232

 
183,954

Selling, marketing, general and administrative
 
175,396

 
171,487

 
172,146

 
176,908

 
185,721

 
183,980

 
190,686

 
130,659

Special charges (a)
 
1,842

 
1,069

 
1,089

 
57,318

 

 

 

 
49,463

Amortization of intangibles
 
107,345

 
107,409

 
107,129

 
107,019

 
98,348

 
112,153

 
68,690

 
18,160

Total operating expenses
 
580,282

 
571,607

 
569,836

 
629,842

 
557,815

 
571,803

 
494,608

 
382,236

Operating income
 
513,372

 
499,039

 
463,976

 
405,348

 
448,210

 
194,821

 
145,835

 
266,268

% of Revenue
 
32
%
 
32
%
 
31
%
 
27
%
 
29
%
 
14
%
 
13
%
 
27
%
Nonoperating (income) expenses:
 
 
 
 
 
 
 
 
 
 

 
 

 
 

 
 

Interest expense (b)
 
59,102

 
61,665

 
64,792

 
68,030

 
63,517

 
73,073

 
71,636

 
42,614

Interest income
 
(2,791
)
 
(2,588
)
 
(1,912
)
 
(2,092
)
 
(2,388
)
 
(5,524
)
 
(12,421
)
 
(10,000
)
Other, net
 
(461
)
 
(632
)
 
(451
)
 
556

 
5,417

 
474

 
(94
)
 
345

Total nonoperating (income) expense
 
55,850

 
58,445

 
62,429

 
66,494

 
66,546

 
68,023

 
59,121

 
32,959

Income before income taxes
 
457,522

 
440,594

 
401,547

 
338,854

 
381,664

 
126,798

 
86,714

 
233,309

% of Revenue
 
29
%
 
28
%
 
27
%
 
22
%
 
25
%
 
9
%
 
8
%
 
24
%
Provision (benefit) for income taxes (c)
 
24,557

 
26,130

 
21,716

 
70,682

 
34,014

 
57,882

 
(6,850
)
 
16,180

Net income
 
432,965

 
414,464

 
379,831

 
268,172

 
347,650

 
68,916

 
93,564

 
217,129

% of Revenue
 
27
%
 
26
%
 
25
%
 
18
%
 
23
%
 
5
%
 
8
%
 
22
%
Net income allocable to common shares (d)
 
431,621

 
412,938

 
378,299

 
266,929

 
345,876

 
67,935


93,564

 
217,129

Basic earnings per common share
 
1.16

 
1.11

 
1.02

 
0.72

 
0.94

 
0.18

 
0.27

 
0.70

Diluted earnings per common share
 
1.15

 
1.10

 
1.01

 
0.71

 
0.93

 
0.18

 
0.27

 
0.69

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

 
 

 
 

 
 

Basic
 
371,074

 
371,315

 
370,384

 
369,093

 
368,043

 
367,315

 
341,316

 
308,786

Diluted
 
375,116

 
375,815

 
374,778

 
374,189

 
372,053

 
371,159

 
345,654

 
313,076

Dividends declared per share
 
0.48

 
0.48

 
0.48

 
0.45

 
0.45

 
0.45

 
0.45

 
0.42



a) Represents charges recorded for various restructuring actions. See Note 5, Special Charges, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.
b) Interest expense in fiscal 2017 and 2018 includes interest and fees associated with financing commitments entered into in connection with the Acquisition. See Note 14, Debt, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.
c) Provision for income taxes in the first quarter of fiscal 2018 included the impact related to the Tax Cuts and Jobs Act of 2017, enacted on December 22, 2017. Provision for income taxes in the fourth quarter of fiscal 2018 included a release of reserves relating to certain international transfer pricing matters. 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 the Company earns income. See Note 12, Income Taxes, of the Notes to the Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K.
d) Under the two-class method, earnings per share is calculated using net earnings allocable to common shares, which is derived by reducing net income by the income allocable to participating securities.