|
Condensed Consolidated Statements of Income
(In thousands, except per share data) |
| |
|
|
Three Months Ended |
| |
|
|
|
| |
|
|
March 3
2000
|
|
March 5
1999
|
| Revenue: |
|
$282,232 |
|
226,902 |
| |
|
|
|
|
|
| Direct costs |
|
20,722 |
|
22,499 |
| |
|
|
|
|
|
| Gross profit |
|
261,510 |
|
204,403 |
| |
|
|
|
|
|
| Operating expenses: |
|
|
|
|
| |
Research and development |
|
57,458 |
|
44,877 |
| |
Sales and marketing |
|
87,760 |
|
78,480 |
| |
General and administrative |
|
26,757 |
|
25,403 |
| |
Restructuring and other charges |
|
(672) |
|
-- |
| |
Amortization of goodwill and purchased intangibles |
|
1,203 |
|
1,190 |
| |
|
|
|
|
|
| Total operating expenses |
|
172,506 |
|
149,950 |
| |
|
|
|
|
|
| Operating income |
|
89,004 |
|
54,453 |
| |
|
|
|
|
|
| Nonoperating income, net: |
|
|
|
|
| |
Investment gain (loss) |
|
4,676 |
|
(20) |
| |
Interest and other income |
|
5,651 |
|
5,886 |
| |
|
|
|
|
|
| Total nonoperating income, net |
|
10,327 |
|
5,866 |
| |
|
|
|
|
|
| Income before income taxes |
|
99,331 |
|
60,319 |
|
|
|
|
|
|
|
| Income Tax Provision |
|
34,766 |
|
22,043 |
| |
|
|
|
|
|
| Net income |
|
$64,565 |
|
38,276 |
| |
|
|
|
|
|
| Basic net income per share |
|
$ .54 |
|
$ .31 |
| |
|
|
|
|
|
| Shares used in computing basic net income per share |
|
118,628 |
|
121,946 |
| |
|
|
|
|
|
| Diluted net income per share |
|
$ .51 |
|
$ .30 |
| |
|
|
|
|
|
| Shares used in computing diluted net income per share |
|
126,489 |
|
126,768 |
| |
|
|
|
|
|
| |
| Return to the 2000 First Quarter Earnings Release |
###
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