Selected GAAP & Non-GAAP Financial Measures

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

Quarter Ended

Twelve Months Ended

Oct 1,
2017

Jul 2,
2017

Oct 2,
2016

Oct 1,
2017

Oct 2,
2016

Net sales

$

475.3

$

458.1

$

450.1

$

1,811.8

$

1,655.0

Selected GAAP Financial Measures

Gross profit

$

304.1

$

292.7

$

281.8

$

1,157.5

$

937.1

Gross margin

64.0

%

63.9

%

62.6

%

63.9

%

56.6

%

Operating income

$

75.4

$

70.0

$

63.8

$

270.3

$

53.7

Operating margin

15.9

%

15.3

%

14.2

%

14.9

%

3.2

%

Net income (loss)

$

102.0

$

13.6

$

40.5

$

176.3

$

(32.6)

Diluted earnings (loss) per share

$

0.87

$

0.12

$

0.35

$

1.51

$

(0.31)

Selected Non-GAAP Financial Measures

Gross profit

$

306.2

$

292.7

$

281.8

$

1,159.6

$

1,007.3

Gross margin

64.4

%

63.9

%

62.6

%

64.0

%

60.9

%

Operating income

$

160.0

$

147.9

$

139.5

$

578.2

$

462.2

Operating margin

33.7

%

32.3

%

31.0

%

31.9

%

27.9

%

Net income

$

128.2

$

116.0

$

104.9

$

450.3

$

332.8

Diluted earnings per share

$

1.09

$

0.99

$

0.91

$

3.85

$

3.05