| Quarterly Financial Data (Unaudited) [Text Block] |
QUARTERLY FINANCIAL DATA (UNAUDITED)
| | | | | | | | | | | | | | | | | | Quarter Ended | Fiscal Year 2019 | June 29, 2019 | | March 30, 2019 | | December 29, 2018 | | September 29, 2018 | | (in thousands, except percentages and per share data) | Net revenues | $ | 556,545 |
| | $ | 542,383 |
| | $ | 576,906 |
| | $ | 638,495 |
| Cost of goods sold | 200,154 |
| | 201,552 |
| | 203,858 |
| | 208,259 |
| Gross margin | $ | 356,391 |
| | $ | 340,831 |
| | $ | 373,048 |
| | $ | 430,236 |
| Gross margin % | 64.0 | % | | 62.8 | % | | 64.7 | % | | 67.4 | % | Operating income | $ | 173,571 |
| | $ | 157,140 |
| | $ | 182,204 |
| | $ | 234,183 |
| % of net revenues | 31.2 | % | | 29.0 | % | | 31.6 | % | | 36.7 | % | Net income (1) | $ | 367,558 |
| | $ | 130,613 |
| | $ | 131,892 |
| | $ | 197,423 |
| | | | | | | | | Earnings per share: | |
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| | |
| | |
| Basic | $ | 1.35 |
| | $ | 0.48 |
| | $ | 0.48 |
| | $ | 0.71 |
| Diluted | $ | 1.33 |
| | $ | 0.47 |
| | $ | 0.47 |
| | $ | 0.70 |
| | | | | | | | | Shares used in the calculation of earnings per share: | |
| | |
| | |
| | |
| Basic | 272,382 |
| | 273,221 |
| | 276,252 |
| | 278,045 |
| Diluted | 275,834 |
| | 276,610 |
| | 280,008 |
| | 282,454 |
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| | |
| | |
| | |
| Dividends declared and paid per share | $ | 0.46 |
| | $ | 0.46 |
| | $ | 0.46 |
| | $ | 0.46 |
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| | (1) | The fiscal quarter ended June 29, 2019 includes $251.6 million of net income from the release of uncertain tax position and related interest reserves and a $47.7 million Transition Tax charge. The fiscal quarter ended December 29, 2018 includes a $22.1 million Transition Tax charge. For details, refer to Note 15: “Income Taxes”. |
| | | | | | | | | | | | | | | | | | Quarter Ended | Fiscal Year 2018 | June 30, 2018 | | March 31, 2018 | | December 30, 2017 | | September 23, 2017 | | (in thousands, except percentages and per share data) | Net revenues (1) | $ | 633,154 |
| | $ | 648,599 |
| | $ | 622,637 |
| | $ | 575,676 |
| Cost of goods sold | 214,486 |
| | 224,653 |
| | 212,961 |
| | 201,845 |
| Gross margin | $ | 418,668 |
| | $ | 423,946 |
| | $ | 409,676 |
| | $ | 373,831 |
| Gross margin % | 66.1 | % | | 65.4 | % | | 65.8 | % | | 64.9 | % | Operating income | $ | 222,395 |
| | $ | 224,838 |
| | $ | 201,048 |
| | $ | 185,166 |
| % of net revenues | 35.1 | % | | 34.7 | % | | 32.3 | % | | 32.2 | % | Net income (loss) (2) | $ | 194,172 |
| | $ | 193,627 |
| | $ | (75,015 | ) | | $ | 154,533 |
| | | | | | | | | Earnings (loss) per share: | |
| | |
| | |
| | |
| Basic | $ | 0.70 |
| | $ | 0.69 |
| | $ | (0.27 | ) | | $ | 0.55 |
| Diluted | $ | 0.68 |
| | $ | 0.68 |
| | $ | (0.27 | ) | | $ | 0.54 |
| | | | | | | | | Weighted-average shares used in the calculation of earnings (loss) per share: | |
| | |
| | |
| | |
| Basic | 279,304 |
| | 280,850 |
| | 281,560 |
| | 282,170 |
| Diluted | 283,934 |
| | 285,881 |
| | 281,560 |
| | 286,437 |
| | | | | | | | | Dividends declared and paid per share | $ | 0.42 |
| | $ | 0.42 |
| | $ | 0.36 |
| | $ | 0.36 |
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| | (1) | The fiscal quarter ended December 30, 2017, includes an incremental $22.0 million of revenue from beginning to recognize revenue with a certain distributor (less its estimate of future price adjustments and returns) upon shipment to the distributor (also referred to as the sell-in basis of revenue recognition). It also includes a $236.9 million provisional Transition Tax charge. For details, refer to Note 15: “Income Taxes”. |
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