v2.0.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
12 Months Ended
Dec. 26, 2009
Dec. 27, 2008
Dec. 29, 2007
Net sales $ 2,946,440 $ 3,494,077 $ 3,180,319
Cost of goods sold 1,502,329 1,940,562 1,717,064
Gross profit 1,444,111 1,553,515 1,463,255
Advertising expense 155,521 208,177 206,948
Selling, general and administrative expenses 264,202 277,212 189,550
Research and development expense 238,378 206,109 159,406
Total operating expense 658,101 691,498 555,904
Operating income 786,010 862,017 907,351
Other income (expense):
Interest income 23,519 35,535 41,995
Interest expense 0 (607) (207)
Foreign currency (6,040) (35,286) 22,964
Gain on sale of equity securities 2,741 50,884 5,101
Other 2,421 1,823 1,069
Total other income 22,641 52,349 70,922
Income before income taxes 808,651 914,366 978,273
Income tax provision (benefit): (Note 6)
Current 128,036 136,252 179,355
Deferred (23,335) 45,266 (56,093)
Total income tax provision, net 104,701 181,518 123,262
Net income $ 703,950 $ 732,848 $ 855,011
Basic net income per share (Note 10) $ 3.51 $ 3.51 $ 3.95
Diluted net income per share (Note 10) $ 3.5 $ 3.48 $ 3.89