Selected GAAP & Non-GAAP Financial Measures

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

Quarter Ended

Six Months Ended

Apr 3,
2016

Jan 3,
2016

Mar 29,
2015

Apr 3,
2016

Mar 29,
2015

Net sales

$

444.3

$

329.2

$

296.2

$

773.5

$

599.8

Selected GAAP Financial Measures

Gross profit

$

200.6

$

187.9

$

169.3

$

388.5

$

337.4

Gross margin

45.1

%

57.1

%

57.1

%

50.2

%

56.2

%

Operating income (loss)

$

(97.9)

$

36.6

$

35.4

$

(61.3)

$

65.1

Operating margin

(22.0)

%

11.1

%

11.9

%

(7.9)

%

10.9

%

Net income (loss)

$

(212.0)

$

23.7

$

24.9

$

(188.3)

$

44.6

Diluted earnings (loss) per share

$

(1.93)

$

0.25

$

0.26

$

(1.85)

$

0.47

Selected Non-GAAP Financial Measures

Gross profit

$

270.8

$

187.9

$

169.3

$

458.7

$

339.8

Gross margin

61.0

%

57.1

%

57.1

%

59.3

%

56.6

%

Operating income

$

116.2

$

83.8

$

75.8

$

200.0

$

150.0

Operating margin

26.1

%

25.5

%

25.6

%

25.9

%

25.0

%

Net income

$

74.7

$

69.3

$

63.8

$

144.0

$

125.7

Diluted earnings per share

$

0.67

$

0.72

$

0.67

$

1.39

$

1.32