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Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 30, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
The following tables contain selected unaudited consolidated statements of operations data for each quarter of 2017 and 2016 (in thousands, except per share data):
 
Quarters Ended
 
Fiscal 2017
April 1,
2017
 
July 1,
2017
 
September 30,
2017
 
December 30,
2017
 
Total revenue
$
186,302

 
$
192,933

 
$
193,692

 
$
225,181

 
Gross profit
124,134

 
128,437

 
128,665

 
153,864

 
Operating income
43,195

 
46,868

 
47,975

 
59,323

 
Net income
45,334

 
46,680

 
39,235

 
367

 
Net income per share
 
 
 
 
 
 
 
 
Basic (1)
$
0.90

 
$
0.90

 
$
0.75

 
$
0.01

 
Diluted
$
0.82

 
$
0.83

 
$
0.70

 
$
0.01

 
 
Quarters Ended
 
Fiscal 2016
April 2,
2016
 
July 2,
2016
 
October 1,
2016
 
January 2,
2016
 
Total revenue
$
171,167

 
$
172,636

 
$
167,621

 
$
183,201

 
Gross profit
114,213

 
115,135

 
110,122

 
124,329

 
Operating income
37,337

 
36,429

 
36,604

 
310,400

(2) 
Net income
27,577

 
30,023

 
27,773

 
215,293

(3) 
Net income per share
 
 
 
 
 
 
 
 
Basic (1)
$
0.56

 
$
0.61

 
$
0.56

 
$
4.31

 
Diluted (1)
$
0.53

 
$
0.57

 
$
0.52

 
$
3.97

 
(1) The sum of the basic earnings per share numbers for each quarter do not equal the basic earnings per share number for the entire year due to quarterly rounding.
(2) On November 5, 2016, the Company entered into the Philips Settlement Agreement, pursuant to which Philips N.V. agreed to pay the Company $300 million. Per the terms of the agreement, $270 million of this settlement is included within Operating income for the quarter ended December 31, 2016. See Note 2 - Summary of Significant Accounting Policies under the subheading “Litigation Costs and Contingencies” and Note 17 - Commitments and Contingencies under the subheading “Litigation” for additional information on the Phillips Settlement Agreement.
(3) Due to the significant impact of the Philips Settlement Agreement on the fourth quarter results, the sum of the basic and diluted earnings per share numbers for each quarter will not equal the basic and diluted earnings per share number for the entire year.