Change in Accounting Principle (Tables)

9 Months Ended

Sep. 30, 2012

Schedule Of Condensed Consolidated Balance Sheets

Condensed Consolidated Balance Sheets

	December 31, 2011
	Originally Reported			Effect of Accounting Change			As Adjusted
	(in thousands)
Assets:
Total assets	$	2,188,639		$	—		$	2,188,639
Liabilities:
Total liabilities		683,579			—			683,579
Shareholders’ Equity:
Common stock		22,948			—			22,948
Additional paid-in capital		1,293,130			—			1,293,130
Accumulated other comprehensive (loss) income		(129,875	)		134,621			4,746
Retained earnings		318,857			(134,621	)		184,236
Total shareholders’ equity		1,505,060			—			1,505,060
Total liabilities and shareholders’ equity	$	2,188,639		$	—		$	2,188,639

Schedule Of Condensed Consolidated Statements Of Operations

Condensed Consolidated Statements of Operations

	For the Three Months Ended October 2, 2011
	Originally Reported			Effect of Accounting Change			As Adjusted
	(in thousands, except per share amounts)
Net revenues	$	344,389		$	—		$	344,389
Cost of revenues		174,544			(529	)		174,015
Gross profit		169,845			529			170,374
Operating expenses:
Engineering and development		46,799			(903	)		45,896
Selling and administrative		55,304			(529	)		54,775
Acquired intangible asset amortization		6,754			—			6,754
Restructuring and other		1,465			—			1,465
Total operating expenses		110,322			(1,432	)		108,890
Income from operations		59,523			1,961			61,484
Interest income		3,049			—			3,049
Interest expense and other, net		(6,068	)		—			(6,068	)
Income before income taxes		56,504			1,961			58,465
Provision for income taxes		1,759			—			1,759
Net income	$	54,745		$	1,961		$	56,706
Net income per common share:
Basic	$	0.30		$	0.01		$	0.31
Diluted	$	0.25		$	0.01		$	0.26
Weighted average common share—basic		185,102						185,102
Weighted average common share—diluted		221,892						221,892

	For the Nine Months Ended October 2, 2011
	Originally Reported			Effect of Accounting Change			As Adjusted
	(in thousands, except per share amounts)
Net revenues	$	1,132,069		$	—		$	1,132,069
Cost of revenues		554,729			(604	)		554,125
Gross profit		577,340			604			577,944
Operating expenses:
Engineering and development		142,169			(737	)		141,432
Selling and administrative		171,014			(628	)		170,386
Acquired intangible asset amortization		21,336			—			21,336
Restructuring and other		3,157			—			3,157
Total operating expenses		337,676			(1,365	)		336,311
Income from operations		239,664			1,969			241,633
Interest income		5,739			—			5,739
Interest expense and other, net		(17,560	)		—			(17,560	)
Income from continuing operations before income taxes		227,843			1,969			229,812
Provision for income taxes		15,084			—			15,084
Income from continuing operations		212,759			1,969			214,728
Income from discontinued operations before income taxes		1,278			158			1,436
Benefit from income taxes		(267	)		—			(267	)
Income from discontinued operations		1,545			158			1,703
Gain on disposal of discontinued operations (net of tax of $4,578)		24,371			—			24,371
Net income	$	238,675		$	2,127		$	240,802
Net income per common share from continuing operations:
Basic	$	1.15		$	0.01		$	1.16
Diluted	$	0.93		$	0.01		$	0.94
Net income per common share:
Basic	$	1.29		$	0.01		$	1.30
Diluted	$	1.05		$	0.01		$	1.06
Weighted average common share—basic		185,063						185,063
Weighted average common share—diluted		228,141						228,141

Schedule Of Condensed Consolidated Statements Of Comprehensive Income

Condensed Consolidated Statements of Comprehensive Income

	For the Three Months Ended October 2, 2011
	Originally Reported			Effect of Accounting Change			As Adjusted
	(in thousands)
Net income	$	54,745		$	1,961		$	56,706
Other comprehensive income (loss), net of tax:
Unrealized gains on marketable securities		(1,057	)		—			(1,057	)
Defined benefit pension and post-retirement plans:
Actuarial losses arising during period, net of tax of ($0), $0		(5	)		5			—
Less: Amortization included in net periodic pension and post- retirement costs:
Actuarial losses, net of tax of $11, ($11)		2,226			(2,226	)		—
Prior service costs, net of tax of $0		5			—			5
		2,231			(2,226	)		5
Other comprehensive income (loss)		1,169			(2,221	)		(1,052	)
Comprehensive income	$	55,914		$	(260	)	$	55,654

	For the Nine Months Ended October 2, 2011
	Originally Reported			Effect of Accounting Change			As Adjusted
	(in thousands)
Net income	$	238,675		$	2,127		$	240,802
Other comprehensive income, net of tax:
Foreign currency translation reclassification adjustment included in net income		2,266			—			2,266
Unrealized gains on marketable securities		256			—			256
Defined benefit pension and post-retirement plans:
Actuarial losses arising during period, net of tax of ($5), $5		(4,206	)		4,206			—
Settlement loss, net of tax of $73, ($73)		277			(277	)		—
Less: Amortization included in net periodic pension and post-retirement costs:
Actuarial losses, net of tax of $30, ($30)		6,681			(6,681	)		—
Prior service costs, net of tax of $0		17			—			17
		6,698			(6,681	)		17
Other comprehensive income		5,291			(2,752	)		2,539
Comprehensive income	$	243,966		$	(625	)	$	243,341

Schedule Of Condensed Consolidated Statements Of Cash Flows

Condensed Consolidated Statements of Cash Flows

	For the Nine Months Ended October 2, 2011
	Originally Reported			Effect of Accounting Change			As Adjusted
	(in thousands)
Cash flows from operating activities:
Net income	$	238,675		$	2,127		$	240,802
Less: Income from discontinued operations		1,545			158			1,703
Less: Gain on disposal of discontinued operations		24,371			—			24,371
Income from continuing operations		212,759			1,969			214,728
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation		38,426			—			38,426
Amortization		37,547			(6,709	)		30,838
Stock-based compensation		22,514			—			22,514
Provision for excess and obsolete inventory		10,756			—			10,756
Other		1,379			4,740			6,119
Changes in operating assets and liabilities, net of businesses sold:
Accounts receivable		25,233			—			25,233
Inventories		(1,034	)		—			(1,034	)
Other assets		(13,553	)		—			(13,553	)
Deferred revenue and customer advances		(58,304	)		—			(58,304	)
Accounts payable and other accrued expenses		(47,483	)		—			(47,483	)
Retirement plan contributions		(6,393	)		—			(6,393	)
Accrued income taxes		(3,064	)		—			(3,064	)
Net cash provided by continuing operations		218,783			—			218,783
Net cash used for discontinued operations		(4,225	)		—			(4,225	)
Net cash provided by operating activities		214,558			—			214,558
Net cash provided by investing activities		492,033			—			492,033
Net cash used for financing activities		(9,165	)		—			(9,165	)
Increase in cash and cash equivalents		697,426			—			697,426
Cash and cash equivalents at beginning of period		397,737			—			397,737
Cash and cash equivalents at end of period	$	1,095,163		$	—		$	1,095,163