ANALYSIS OF GAAP VERSUS GAAP EXCLUDING SPECIAL EXPENSE ITEMS DISCLOSURES

(Unaudited)

Three Months Ended

September 29,

June 30,

September 24,

2012

2012

2011

(in thousands, except per share data)

Reconciliation of GAAP gross profit to GAAP gross profit excluding special expense items:

GAAP gross profit

$           385,691

$              371,989

$           395,473

GAAP gross profit %

61.9%

61.5%

62.2%

Special expense items:

      Intangible asset amortization

9,454

9,392

9,434

 Total special expense items 

9,454

9,392

9,434

 GAAP gross profit excluding special expense items 

$           395,145

$              381,381

$           404,907

 GAAP gross profit % excluding special expense items 

63.4%

63.0%

63.7%

Reconciliation of GAAP operating expenses to GAAP operating expenses excluding special expense items:

GAAP operating expenses

$           220,288

$              235,968

$           223,093

Special expense (income) items:

   Intangible asset amortization

4,049

4,049

4,321

   Impairment of long-lived assets

2,707

22,383

-

  Severance and restructuring 

-

18

492

  Other operating expenses (income), net (1) 

415

(4,469)

(4,389)

Total special expense items 

7,171

21,981

424

 GAAP operating expenses excluding special expense items 

$           213,117

$              213,987

$           222,669

Reconciliation of GAAP net income to GAAP net income excluding special expense items:

GAAP net income

$           127,888

$              110,634

$           133,446

Special expense (income) items:

  Intangible asset amortization

13,503

13,441

13,755

  Impairment of long-lived assets

2,707

22,383

-

 Severance and restructuring 

-

18

492

 Other operating expenses (income) , net (1) 

415

(4,469)

(4,389)

 Interest and other expense, net (2) 

-

550

-

                     Pre-tax total special expense items 

16,625

31,923

9,858

     Tax effect of special items 

(5,371)

(10,613)

(3,474)

  International restructuring   implementation 

-

2,751

(2,655)

 GAAP net income excluding special expense items 

$           139,142

$              134,695

$           137,175

 GAAP net income per share excluding special expense items: 

    Basic 

$             0.48

$                0.46

$             0.47

    Diluted 

$             0.47

$                0.45

$             0.46

Shares used in the calculation of earnings per share excluding special expense items: 

    Basic

292,213

292,757

294,475

    Diluted 

298,782

299,793

301,076

(1) Other operating expenses (income), net are primarily for contingent consideration adjustments related to certain acquisitions, stock option related litigation and certain payroll taxes, interest and penalties.

(2) Includes impairment of privately-held companies.