XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 27, 2015
Mar. 28, 2014
Income Statement [Abstract]    
Net sales $ 435,485us-gaap_SalesRevenueNet $ 461,092us-gaap_SalesRevenueNet
Cost of sales 156,263us-gaap_CostOfGoodsAndServicesSold 151,868us-gaap_CostOfGoodsAndServicesSold
Gross margin 279,222us-gaap_GrossProfit 309,224us-gaap_GrossProfit
Research and development expense 103,231us-gaap_ResearchAndDevelopmentExpense 97,657us-gaap_ResearchAndDevelopmentExpense
Selling, general, and administrative expense 70,506us-gaap_SellingGeneralAndAdministrativeExpense 74,507us-gaap_SellingGeneralAndAdministrativeExpense
Amortization of acquisition-related intangible assets 2,464us-gaap_AmortizationOfIntangibleAssets 2,465us-gaap_AmortizationOfIntangibleAssets
Compensation expense — deferred compensation plan 27us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense 1,454us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense
Gain on deferred compensation plan securities (27)altr_IncomeLossOnDeferredCompensationPlanSecurities (1,454)altr_IncomeLossOnDeferredCompensationPlanSecurities
Interest income and other (6,596)us-gaap_InvestmentIncomeInterest (5,985)us-gaap_InvestmentIncomeInterest
Gain reclassified from other comprehensive income (2,506)us-gaap_ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet (48)us-gaap_ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet
Interest expense 10,408us-gaap_InterestExpense 10,488us-gaap_InterestExpense
Income before income taxes 101,715us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 130,140us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 6,863us-gaap_IncomeTaxExpenseBenefit 13,626us-gaap_IncomeTaxExpenseBenefit
Net income 94,852us-gaap_NetIncomeLoss 116,514us-gaap_NetIncomeLoss
Unrealized holding gain on investments:    
Unrealized holding gain on investments arising during period, net of tax of $41 and $24 16,785us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 12,560us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
Less: Reclassification adjustments for gain on investments included in net income, net of tax of $6 and $4 (2,500)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax (44)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
Other comprehensive income 14,285us-gaap_OtherComprehensiveIncomeLossNetOfTax 12,516us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive income $ 109,137us-gaap_ComprehensiveIncomeNetOfTax $ 129,030us-gaap_ComprehensiveIncomeNetOfTax
Net income per share (in dollars per share):    
Basic (in dollars per share) $ 0.31us-gaap_EarningsPerShareBasic $ 0.37us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.31us-gaap_EarningsPerShareDiluted $ 0.37us-gaap_EarningsPerShareDiluted
Shares used in computing per share amounts (in shares):    
Basic (in shares) 301,308us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 316,552us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 303,285us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 318,901us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends per common share $ 0.18us-gaap_CommonStockDividendsPerShareCashPaid $ 0.15us-gaap_CommonStockDividendsPerShareCashPaid