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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2017
Oct. 02, 2016
Oct. 01, 2017
Oct. 02, 2016
Revenues:        
Products $ 412,854 $ 334,610 $ 1,396,413 $ 1,149,581
Services 90,524 75,865 260,778 223,680
Total revenues 503,378 410,475 1,657,191 1,373,261
Cost of revenues:        
Cost of products 169,744 148,266 591,880 531,616
Cost of services 38,848 34,850 114,373 101,084
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below) 208,592 183,116 706,253 632,700
Gross profit 294,786 227,359 950,938 740,561
Operating expenses:        
Selling and administrative 86,244 78,794 260,282 239,393
Engineering and development 77,190 71,400 235,101 220,973
Acquired intangible assets amortization 7,028 8,487 23,145 44,725
Restructuring and other (4,407) 12,177 392 16,372
Goodwill impairment       254,946
Acquired intangible assets impairment       83,339
Total operating expenses 166,055 170,858 518,920 859,748
Income (loss) from operations 128,731 56,501 432,018 (119,187)
Non-operating (income) expense:        
Interest income (4,517) (2,892) (11,329) (6,201)
Interest expense 5,372 633 16,283 2,034
Other (income) expense, net 439 (921) 735 (1,075)
Income (loss) before income taxes [1],[2] 127,437 59,681 426,329 (113,945)
Income tax provision (benefit) 24,017 (4,113) 62,713 (4,178)
Net income (loss) $ 103,420 $ 63,794 $ 363,616 $ (109,767)
Net income (loss) per common share:        
Basic $ 0.52 $ 0.32 $ 1.83 $ (0.54)
Diluted $ 0.52 $ 0.31 $ 1.81 $ (0.54)
Weighted average common shares-basic 197,485 202,211 198,755 203,167
Weighted average common shares-diluted 200,775 203,929 201,413 203,167
Cash dividend declared per common share $ 0.07 $ 0.06 $ 0.21 $ 0.18
[1] Included in Corporate and Eliminations are: contingent consideration adjustments, pension and postretirement plans' actuarial gains (losses), impairment of fixed assets and expenses related to the Japan earthquake, property insurance recovery, interest income, interest expense and net foreign exchange gains (losses).
[2] Included in income (loss) before income taxes are charges and credits related to restructuring and other, inventory charges, a goodwill impairment charge and an acquired intangible assets impairment charge.