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Item 6. Selected Financial Data

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Item 6. Selected Financial Data

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		Year Ended
		June 28, 2015 (1)				June 29, 2014 (1)				June 30, 2013 (1)				June 24, 2012 (1)				June 26, 2011
		(in thousands, except per share data)
OPERATIONS:
Revenue		$	5,259,312			$	4,607,309			$	3,598,916			$	2,665,192			$	3,237,693
Gross margin			2,284,336				2,007,481				1,403,059				1,084,069				1,497,232
Goodwill impairment (2)			79,444				—				—				—				—
Restructuring charges, net			—				—				1,813				1,725				11,579
Operating income			788,039				677,669				118,071				237,733				804,285
Net income			655,577				632,289				113,879				168,723				723,748
Net income per share:
Basic		$	4.11			$	3.84			$	0.67			$	1.36			$	5.86
Diluted		$	3.70			$	3.62			$	0.66			$	1.35			$	5.79
Cash dividends declared per common share		$	0.84			$	0.18			$	—			$	—			$	—
BALANCE SHEET:
Working capital		$	3,639,488			$	3,201,661			$	2,389,354			$	2,988,181			$	2,592,506
Total assets			9,364,648				7,993,306				7,250,315				8,004,652				4,053,867
Long-term obligations, less current portion			1,388,335				1,198,221				1,170,048				1,255,600				903,263
Current portion of long-term debt and capital leases			1,359,650				518,267				520,686				514,655				4,782

(1)	Fiscal years 2015, 2014, and 2013 amounts include operating results of Novellus. Fiscal year 2012 amounts include 20 days of operating results of Novellus from the acquisition date of June 4, 2012. The Novellus acquisition was accounted for as a business combination in accordance with the applicable accounting guidance.

(2)	Goodwill impairment analysis during fiscal year 2015 resulted in a non-cash impairment charge upon our single-wafer clean reporting unit, extinguishing the goodwill ascribed to the reporting unit.

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		Three Months Ended (1)
		June 28, 2015				March 29, 2015				December 28, 2014				September 28, 2014
		unaudited
		(in thousands, except per share data)
QUARTERLY FISCAL YEAR 2015:
Revenue		$	1,481,370			$	1,393,333			$	1,232,241			$	1,152,368
Gross margin			641,538				600,602				536,657				505,539
Goodwill impairment			79,444				—				—				—
Operating income			191,035				239,965				188,741				168,298
Net income			131,271				206,285				176,940				141,081
Net income per share
Basic		$	0.83			$	1.30			$	1.11			$	0.87
Diluted		$	0.74			$	1.16			$	1.00			$	0.80
Number of shares used in per share calculations:
Basic			158,590				158,992				159,248				161,685
Diluted			176,575				177,531				177,046				177,118


		Three Months Ended (1)
		June 29, 2014				March 30, 2014				December 29, 2013				September 29, 2013
		unaudited
		(in thousands, except per share data)
QUARTERLY FISCAL YEAR 2014:
Revenue		$	1,248,797			$	1,227,392			$	1,116,061			$	1,015,059
Gross margin			557,036				530,798				487,789				431,858
Operating income			215,850				191,937				164,474				105,408
Net income			233,395				164,396				148,992				85,506
Net income per share
Basic		$	1.44			$	1.01			$	0.92			$	0.52
Diluted		$	1.35			$	0.96			$	0.87			$	0.50
Number of shares used in per share calculations:
Basic			162,215				162,238				162,305				162,896
Diluted			173,345				171,636				171,757				171,363

(1)	Our reporting period is a 52/53-week fiscal year. The fiscal years ended June 28, 2015 and June 29, 2014 included 52 weeks. All quarters presented above included 13 weeks.

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