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Quarterly Statement of Operations Information (Unaudited)
12 Months Ended
Sep. 28, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Statement of Operations Information (Unaudited) Quarterly Statement of Operations Information (Unaudited)
The following table presents a summary of quarterly results of operations for fiscal 2019 and 2018:
 
 
 
2019
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Total revenue
 
$
830.7

 
$
818.4

 
$
852.4

 
$
865.8

Gross profit
 
434.1

 
42.4

 
444.8

 
249.5

Net income (loss) (1)
 
98.6

 
(272.6
)
 
93.9

 
(123.5
)
Diluted net income (loss) per common share
 
$
0.36

 
$
(1.01
)
 
$
0.35

 
$
(0.46
)
 
 
 
2018
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Total revenue
 
$
791.1

 
$
789.3

 
$
824.0

 
$
813.5

Gross profit
 
$
424.5

 
$
415.1

 
$
436.0

 
$
421.1

Net income (loss) (2)
 
$
406.7

 
$
(681.4
)
 
$
112.9

 
$
50.5

Diluted net income (loss) per common share
 
$
1.45

 
$
(2.46
)
 
$
0.41

 
$
0.18

 
(1)
Net loss in the second quarter of fiscal 2019 included intangible asset and equipment impairment charges of $443.8 million. Net loss in the fourth quarter of fiscal 2019 included intangible asset and equipment impairment charges of $241.6 million.

(2)
Net income in the first quarter of fiscal 2018 included the impact of implementing tax reform, which resulted in a provisional net tax benefit of $329.2 million. Net loss in the second quarter of fiscal 2018 included a goodwill impairment charge of $685.7 million, an in-process research and development intangible asset charge of $46.0 million and a debt extinguishment loss of $44.9 million. Net income in the fourth quarter of fiscal 2018 included a litigation settlement charge of $34.8 million.