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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 02, 2017
Apr. 03, 2016
Revenues:    
Products $ 373,204 $ 358,139
Services 83,709 72,855
Total revenues 456,913 430,994
Cost of revenues:    
Cost of products 154,966 167,555
Cost of services 37,014 33,107
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 191,980 200,662
Gross profit 264,933 230,332
Operating expenses:    
Engineering and development 76,182 73,464
Selling and administrative 84,906 79,174
Acquired intangible assets amortization 7,952 19,994
Restructuring and other 2,511 1,587
Total operating expenses 171,551 174,219
Income from operations 93,382 56,113
Non-operating (income) expense:    
Interest income (3,520) (1,642)
Interest expense 5,402 710
Other (income) expense, net (516) (147)
Income before income taxes [1],[2] 92,016 57,192
Income tax provision 6,795 7,206
Net income $ 85,221 $ 49,986
Net income per common share:    
Basic $ 0.43 $ 0.24
Diluted $ 0.42 $ 0.24
Weighted average common shares-basic 200,005 204,271
Weighted average common shares-diluted 201,936 205,732
Cash dividend declared per common share $ 0.07 $ 0.06
[1] Included in the income (loss) before income taxes for each of the segments are charges and credits related to inventory and other.
[2] Interest income, interest expense, contingent consideration adjustments, pension and post retirement plans actuarial gains and other income (expense) are included in Corporate and Eliminations.