Item 8. Financial Statements and Supplementary Data

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Item 8. Financial Statements and Supplementary Data

The financial statements required by Item 8 are submitted as a separate section of this Annual Report on Form 10-K. See Part IV, Item 15, “Exhibits and Financial Statement Schedules.”

Summary Quarterly Data-Unaudited


	2020								2019
	4th		3rd		2nd		1st		4th		3rd		2nd		1st
	(In thousands, except per share amounts)
Revenue (1)	$	759,909	$	666,607	$	638,418	$	617,957	$	599,555	$	579,603	$	580,419	$	576,742
Cost of revenue (1)	73,536		82,284		75,215		74,463		73,328		60,975		61,469		70,585
Net income (1) (2)	173,738		161,630		131,288		123,988		659,675		101,514		107,235		120,555
Net income per share –basic (1) (2)	0.63		0.59		0.48		0.45		2.41		0.37		0.39		0.44
Net income per share –diluted (1) (2)	0.62		0.58		0.47		0.44		2.36		0.36		0.38		0.43

(1) Fiscal 2020 was a 53-week year, compared to 2019, which was a 52-week fiscal year. The additional week in fiscal 2020 resulted in additional revenue of approximately $45 million and additional expense, including stock-based compensation and amortization of acquired intangibles, of approximately $35 million in the fourth quarter of fiscal 2020.

(2) During the fourth quarter of fiscal 2019, we completed intercompany transfers of certain intangible property rights to our Irish subsidiary, which resulted in the establishment of a net deferred tax asset and the recognition of an income tax benefit of $575.6 million. For further discussion regarding the realignment of our international operating structure, see Note 6 in the notes to the consolidated financial statements.

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