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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Oct. 02, 2011
Sep. 30, 2012
Oct. 02, 2011
Net revenues:        
Products $ 393,037 $ 274,944 $ 1,204,506 $ 931,979
Services 70,357 69,445 203,840 200,090
Total net revenues 463,394 344,389 1,408,346 1,132,069
Cost of revenues:        
Cost of products 169,782 138,088 550,282 451,371
Cost of services 33,412 35,927 97,432 102,754
Total cost of revenues 203,194 174,015 647,714 554,125
Gross profit 260,200 170,374 760,632 577,944
Operating expenses:        
Engineering and development 63,055 45,896 189,722 141,432
Selling and administrative 69,921 54,775 211,064 170,386
Acquired intangible asset amortization 18,429 6,754 55,287 21,336
Restructuring and other, net 683 1,465 (7,404) 3,157
Total operating expenses 152,088 108,890 448,669 336,311
Income from operations 108,112 61,484 311,963 241,633
Interest income 1,067 3,049 2,834 5,739
Interest expense and other (6,154) (6,068) (18,536) (17,560)
Income from continuing operations before income taxes 103,025 [1],[2] 58,465 [1],[2] 296,261 [1],[2] 229,812 [1],[2]
Income tax provision 14,384 1,759 62,669 15,084
Income from continuing operations 88,641 56,706 233,592 214,728
Income from discontinued operations before income taxes        1,436
Income tax benefit       (267)
Income from discontinued operations       1,703
Gain on disposal of discontinued operations (net of income tax provision of $4,578)       24,371
Net income $ 88,641 $ 56,706 $ 233,592 $ 240,802
Income per common share from continuing operations:        
Basic $ 0.47 $ 0.31 $ 1.25 $ 1.16
Diluted $ 0.39 $ 0.26 $ 1.02 $ 0.94
Net income per common share:        
Basic $ 0.47 $ 0.31 $ 1.25 $ 1.30
Diluted $ 0.39 $ 0.26 $ 1.02 $ 1.06
Weighted average common share-basic 187,364 185,102 186,592 185,063
Weighted average common share-diluted 229,210 221,892 230,003 228,141
[1] Pension and post retirement actuarial gains and losses, interest income, and interest expense and other are included in Corporate and Eliminations.
[2] Included in the income (loss) from continuing operations before income taxes for each of the segments are charges and credits for the three and nine months ended September 30, 2012 and October 2, 2011 that include restructuring and other, net, and provision for excess and obsolete inventory, as follows: