Selected Quarterly Financial Information (Unaudited)
Summarized quarterly financial information for fiscal 2014 and 2013 is as follows:
| | | | | | | | | | | | | | | | | | | | | 2014 | 1st quarter | | 2nd quarter | | 3rd quarter | | 4th quarter | | Fiscal year | Net revenue | $ | 570.4 |
| | $ | 561.7 |
| | $ | 555.2 |
| | $ | 586.6 |
| | $ | 2,273.9 |
| Gross profit | 502.9 |
| | 493.9 |
| | 488.1 |
| | 514.7 |
| | 1,999.6 |
| Income from operations | 81.4 |
| | 83.6 |
| | 68.1 |
| | 51.7 |
| | 284.8 |
| Provision for income taxes | (17.0 | ) | | (20.1 | ) | | (11.6 | ) | | (2.4 | ) | | (51.1 | ) | Net income | 55.6 |
| | 61.7 |
| | 57.6 |
| | 53.9 |
| | 228.8 |
| Basic net income per share | $ | 0.25 |
| | $ | 0.28 |
| | $ | 0.26 |
| | $ | 0.24 |
| | $ | 1.02 |
| Diluted net income per share | $ | 0.24 |
| | $ | 0.27 |
| | $ | 0.25 |
| | $ | 0.23 |
| | $ | 1.00 |
| Income from operations includes the following items: | | | | | | | | | | Stock-based compensation expense | $ | 33.5 |
| | $ | 31.0 |
| | $ | 31.6 |
| | $ | 36.1 |
| | $ | 132.2 |
| Amortization of acquisition related intangibles | 21.6 |
| | 20.3 |
| | 18.2 |
| | 20.6 |
| | 80.7 |
| Restructuring charges, net | 0.4 |
| | 1.7 |
| | 4.4 |
| | 6.3 |
| | 12.8 |
| | | | | | | | | | | 2013 | 1st quarter | | 2nd quarter | | 3rd quarter | | 4th quarter | | Fiscal year | Net revenue | $ | 588.6 |
| | $ | 568.7 |
| | $ | 548.0 |
| | $ | 606.9 |
| | $ | 2,312.2 |
| Gross profit | 529.8 |
| | 508.9 |
| | 490.1 |
| | 544.9 |
| | 2,073.7 |
| Income from operations | 94.0 |
| | 92.9 |
| | 34.4 |
| | 84.6 |
| | 305.9 |
| Provision for income taxes | (18.6 | ) | | (27.5 | ) | | (4.9 | ) | | (11.6 | ) | | (62.6 | ) | Net income | 78.9 |
| | 64.6 |
| | 29.4 |
| | 74.5 |
| | 247.4 |
| Basic net income per share | $ | 0.35 |
| | $ | 0.28 |
| | $ | 0.13 |
| | $ | 0.33 |
| | $ | 1.09 |
| Diluted net income per share | $ | 0.34 |
| | $ | 0.28 |
| | $ | 0.13 |
| | $ | 0.32 |
| | $ | 1.07 |
| Income from operations includes the following items: | | | | | | | | | | Stock-based compensation expense | $ | 33.4 |
| | $ | 33.5 |
| | $ | 51.9 |
| | $ | 37.5 |
| | $ | 156.3 |
| Amortization of acquisition related intangibles | 17.6 |
| | 17.5 |
| | 23.7 |
| | 23.0 |
| | 81.8 |
| Restructuring benefits, net | — |
| | — |
| | 36.7 |
| | 7.2 |
| | 43.9 |
|
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