Selected GAAP & Non-GAAP Financial Measures

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

Quarter Ended

Six Months Ended

Apr 2,
2017

Jan 1,
2017

Apr 3,
2016

Apr 2,
2017

Apr 3,
2016

Net sales

$

442.9

$

435.5

$

444.3

$

878.4

$

773.5

Selected GAAP Financial Measures

Gross profit

$

284.1

$

276.5

$

200.6

$

560.6

$

388.5

Gross margin

64.1

%

63.5

%

45.1

%

63.8

%

50.2

%

Operating income (loss)

$

69.1

$

55.8

$

(97.9)

$

124.9

$

(61.3)

Operating margin

15.6

%

12.8

%

(22.0)

%

14.2

%

(7.9)

%

Net income (loss)

$

41.2

$

19.5

$

(212.0)

$

60.6

$

(188.3)

Diluted earnings (loss) per share

$

0.35

$

0.17

$

(1.93)

$

0.52

$

(1.85)

Selected Non-GAAP Financial Measures

Gross profit

$

284.1

$

276.5

$

270.8

$

560.6

$

458.7

Gross margin

64.1

%

63.5

%

61.0

%

63.8

%

59.3

%

Operating income

$

137.5

$

132.7

$

116.2

$

270.3

$

200.0

Operating margin

31.1

%

30.5

%

26.1

%

30.8

%

25.9

%

Net income

$

106.2

$

99.8

$

74.7

$

206.0

$

144.0

Diluted earnings per share

$

0.91

$

0.86

$

0.67

$

1.77

$

1.39