Item 6. Selected Financial Data

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Item 6. Selected Financial Data

The following table presents our summary consolidated financial data. We derived the following historical selected financial data from our audited consolidated financial statements. Our fiscal year is determined based on a 52- or 53-week convention ending on the Sunday nearest to December 31. Each fiscal year presented below contained 52 weeks except for fiscal year 2015 which contained 53 weeks. The five-year summary of selected financial data should be read in conjunction with the discussion under “Item 7-Management’s Discussion and Analysis of Financial Condition and Results of Operation” and the Notes to the Consolidated Financial Statements.

Five-Year Summary of Selected Financial Data

20152014201320122011
(In millions, except per-share amounts)
Sales$2,298.1$2,394.0$2,338.6$2,127.3$1,941.9
Net income from continuing operations$195.8$217.7$185.0$161.8$142.1
Net income from discontinued operations$—$—$—$2.3$113.1
Net income attributable to Teledyne$195.8$217.7$185.0$164.1$255.2
Basic earnings per common share - continuing operations$5.55$5.87$4.96$4.41$3.88
Diluted earnings per common share - continuing operations$5.44$5.75$4.87$4.33$3.81
Basic earnings per common share$5.55$5.87$4.96$4.47$6.97
Diluted earnings per common share$5.44$5.75$4.87$4.39$6.84
Weighted average diluted common shares outstanding36.037.938.037.437.3
Working capital$434.6$402.7$381.0$337.5$268.5
Total assets$2,718.5$2,862.2$2,751.1$2,406.4$1,826.1
Long-term debt and capital lease obligations, net of current portion$762.9$618.9$549.0$556.2$311.4
Total equity$1,344.1$1,468.5$1,518.7$1,203.4$984.1

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