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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2017
Jul. 03, 2016
Jul. 02, 2017
Jul. 03, 2016
Revenues:        
Products $ 610,356 $ 456,832 $ 983,560 $ 814,972
Services 86,545 74,960 170,254 147,815
Total revenues 696,901 531,792 1,153,814 962,787
Cost of revenues:        
Cost of products 267,171 215,795 422,137 383,350
Cost of services 38,511 33,127 75,525 66,234
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 305,682 248,922 497,662 449,584
Gross profit 391,219 282,870 656,152 513,203
Operating expenses:        
Engineering and development 81,728 76,109 157,910 149,573
Selling and administrative 89,131 81,425 174,037 160,599
Acquired intangible assets amortization 8,166 16,244 16,118 36,238
Restructuring and other 2,288 2,608 4,799 4,195
Goodwill impairment   254,946   254,946
Acquired intangible assets impairment   83,339   83,339
Total operating expenses 181,313 514,671 352,864 688,890
Income (loss) from operations 209,906 (231,801) 303,288 (175,687)
Non-operating (income) expense:        
Interest income (3,292) (1,666) (6,812) (3,308)
Interest expense 5,509 691 10,911 1,401
Other (income) expense, net 812 (9) 296 (155)
Income (loss) before income taxes [1],[2] 206,877 (230,817) 298,893 (173,625)
Income tax provision (benefit) 31,901 (7,271) 38,696 (65)
Net income (loss) $ 174,976 $ (223,546) $ 260,197 $ (173,560)
Net income (loss) per common share:        
Basic $ 0.88 $ (1.10) $ 1.30 $ (0.85)
Diluted $ 0.87 $ (1.10) $ 1.29 $ (0.85)
Weighted average common shares-basic 198,774 203,018 199,390 203,645
Weighted average common shares-diluted 201,529 203,018 201,732 203,645
Cash dividend declared per common share $ 0.07 $ 0.06 $ 0.14 $ 0.12
[1] Included in income (loss) before taxes are charges and credits related to restructuring and other, inventory charges, goodwill impairment charges and acquired intangible assets impairment charge.
[2] Interest income, interest expense, contingent consideration adjustments, pension and postretirement plan actuarial gains and other income (expense) are included in Corporate and Eliminations.