Selected GAAP & Non-GAAP Financial Measures

(unaudited, in millions, except for percentages and per share amounts)

Quarter Ended

Fiscal Year Ended

Oct 2,
2016

Jul 3, 
2016

Sep 27, 
2015

Oct 2, 
2016

Sep 27, 
2015

Net sales

$

450.1

$

431.4

$

328.8

$

1,655.0

$

1,245.6

Selected GAAP Financial Measures

Gross profit

$

281.8

$

266.9

$

174.8

$

937.1

$

684.3

Gross margin

62.6

%

61.9

%

53.2

%

56.6

%

54.9

%

Operating income

$

72.2

$

51.2

$

32.3

$

53.7

$

122.6

Operating margin

16.0

%

11.9

%

9.8

%

3.2

%

9.8

%

Net income (loss)

$

48.9

$

115.2

$

25.3

$

(32.6)

$

84.6

Diluted earnings (loss) per share

$

0.42

$

1.00

$

0.26

$

(0.31)

$

0.88

Selected Non-GAAP Financial Measures

Gross profit

$

281.8

$

266.9

$

185.8

$

1,007.3

$

706.3

Gross margin

62.6

%

61.9

%

56.5

%

60.9

%

56.7

%

Operating income

$

139.5

$

122.7

$

84.8

$

462.2

$

313.6

Operating margin

31.0

%

28.5

%

25.8

%

27.9

%

25.2

%

Net income

$

104.9

$

84.0

$

70.3

$

332.8

$

261.3

Diluted earnings per share

$

0.91

$

0.73

$

0.73

$

3.05

$

2.73