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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Revenues:        
Product $ 701.6 $ 704.0 $ 2,024.5 $ 2,054.8
Service and other 121.3 148.4 405.0 446.6
Revenues 822.9 852.4 2,429.5 2,501.4
Costs of revenues:        
Product 225.1 235.8 685.9 700.8
Amortization, Cost of Goods Sold 62.9 78.6 189.4 239.9
Impairment of intangible assets and equipment 0.0 0.0 25.8 374.6
Service and other 68.8 93.2 232.7 264.7
Gross profit 466.1 444.8 1,295.7 921.4
Operating expenses:        
Research and development 55.1 61.4 165.5 171.8
Selling and marketing 103.5 143.6 359.0 423.1
General and administrative 105.3 79.9 260.3 248.5
Amortization of acquired intangible assets 10.2 11.9 29.5 40.1
Impairment of intangible assets and equipment 0.0 0.0 4.4 69.2
Restructuring and divestiture charges 1.0 2.7 4.8 6.0
Operating expenses 275.1 299.5 823.5 958.7
Income (loss) from operations 191.0 145.3 472.2 (37.3)
Interest income 0.5 1.2 4.0 3.3
Interest expense (27.4) (35.1) (91.5) (106.0)
Debt extinguishment loss 0.0 0.0 0.0 (0.8)
Other income, net 4.3 2.9 0.1 5.8
Income (loss) before income taxes 168.4 114.3 384.8 (135.0)
Provision (benefit) for income taxes 32.0 20.4 (232.1) (54.9)
Net income (loss) 136.4 93.9 616.9 (80.1)
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable (1.5)   (3.4) 0.0
Net income $ 137.9 $ 93.9 $ 620.3 $ (80.1)
Net income (loss) per common share attributable to Hologic:        
Basic (in usd per share) $ 0.53 $ 0.35 $ 2.35 $ (0.30)
Diluted (in usd per share) $ 0.53 $ 0.35 $ 2.34 $ (0.30)
Weighted average number of shares outstanding:        
Basic (in shares) 259,870 268,932 263,667 269,586
Diluted (in shares) 261,047 270,789 265,092 269,586