Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Dec. 28, 2013 | Jan. 29, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 28-Dec-13 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Entity Registrant Name | 'HOLOGIC INC | ' |
Entity Central Index Key | '0000859737 | ' |
Current Fiscal Year End Date | '--09-28 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 274,388,977 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Revenues: | ' | ' |
Product sales | $512,382 | $533,254 |
Service and other revenues | 100,066 | 98,108 |
Total revenues | 612,448 | 631,362 |
Costs and expenses: | ' | ' |
Cost of product sales | 176,878 | 222,327 |
Cost of product sales - amortization of intangible assets | 76,666 | 75,287 |
Cost of service and other revenues | 53,308 | 52,075 |
Research and development | 48,669 | 51,509 |
Selling and marketing | 83,257 | 94,443 |
General and administrative | 67,819 | 54,391 |
Amortization of intangible assets | 26,216 | 28,526 |
Contingent consideration - compensation expense | 0 | 29,486 |
Contingent consideration - fair value adjustments | ' | 10,040 |
Gain on sale of intellectual property | ' | -53,884 |
Restructuring and divestiture charges | 18,350 | 3,933 |
Costs and expenses, total | 551,163 | 568,133 |
Income from operations | 61,285 | 63,229 |
Interest income | 356 | 260 |
Interest expense | -61,290 | -72,081 |
Debt extinguishment loss | -2,940 | ' |
Other income, net | 1,170 | 1,239 |
(Loss) income before income taxes | -1,419 | -7,353 |
Provision (benefit) for income taxes | 3,932 | -10,471 |
Net (loss) income | ($5,351) | $3,118 |
Net (loss) income per common share: | ' | ' |
Basic | ($0.02) | $0.01 |
Diluted | ($0.02) | $0.01 |
Weighted-average number of shares outstanding: | ' | ' |
Basic | 272,708 | 266,344 |
Diluted | 272,708 | 269,379 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive (Loss) Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' |
Net (loss) income | ($5,351) | $3,118 |
Foreign currency translation adjustment | -1,188 | 1,969 |
Unrealized loss on available-for-sale security | -1,180 | -557 |
Adjustment to minimum pension liability, net of taxes of $152 | -615 | ' |
Other comprehensive (loss) income | -2,983 | 1,412 |
Comprehensive (loss) income | ($8,334) | $4,530 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive (Loss) Income (Parenthetical) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Dec. 28, 2013 |
Statement Of Income And Comprehensive Income [Abstract] | ' |
Tax Adjustment of pension and post retirement liability in other comprehensive income | $152 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 28, 2013 | Sep. 28, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $442,488 | $822,490 |
Restricted cash | 6,149 | 6,914 |
Accounts receivable, less reserves of $11,256 and $8,798, respectively | 394,471 | 409,273 |
Inventories | 301,709 | 289,363 |
Deferred income tax assets | 35,353 | ' |
Prepaid income taxes | ' | 44,745 |
Prepaid expenses and other current assets | 46,769 | 48,361 |
Other current assets - assets held-for-sale | ' | 2,997 |
Total current assets | 1,226,939 | 1,624,143 |
Property, plant and equipment, net | 479,735 | 491,528 |
Intangible assets, net | 3,802,421 | 3,906,722 |
Goodwill | 2,813,907 | 2,814,528 |
Other assets | 161,306 | 163,902 |
Total assets | 8,484,308 | 9,000,823 |
Current liabilities: | ' | ' |
Current portion of long-term debt | 77,033 | 563,812 |
Accounts payable | 90,966 | 80,534 |
Accrued expenses | 324,130 | 271,931 |
Deferred revenue | 136,128 | 132,319 |
Deferred income tax liabilities | ' | 39,810 |
Total current liabilities | 628,257 | 1,088,406 |
Long-term debt, net of current portion | 4,224,732 | 4,242,098 |
Deferred income tax liabilities | 1,485,465 | 1,535,306 |
Deferred service obligations - long-term | 24,256 | 25,456 |
Other long-term liabilities | 171,067 | 168,044 |
Commitments and contingencies (Note 5) | ' | ' |
Stockholders' equity: | ' | ' |
Preferred stock, $0.01 par value - 1,623 shares authorized; 0 shares issued | ' | ' |
Common stock, $0.01 par value - 750,000 shares authorized; 273,404 and 272,036 shares issued, respectively | 2,734 | 2,720 |
Additional paid-in-capital | 5,553,638 | 5,536,312 |
Accumulated deficit | -3,623,259 | -3,616,392 |
Accumulated other comprehensive income | 17,418 | 20,391 |
Treasury stock, at cost - 0 shares at December 28, 2013 and 219 shares at September 28, 2013 | ' | -1,518 |
Total stockholders' equity | 1,950,531 | 1,941,513 |
Total liabilities and stockholders' equity | $8,484,308 | $9,000,823 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 28, 2013 | Sep. 28, 2013 |
In Thousands, except Per Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Accounts receivable, reserves | $11,256 | $8,798 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 1,623 | 1,623 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 750,000 | 750,000 |
Common stock, shares issued | 273,404 | 272,036 |
Treasury stock, shares | 0 | 219 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
OPERATING ACTIVITIES | ' | ' |
Net (loss) income | ($5,351) | $3,118 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' |
Depreciation | 24,937 | 24,342 |
Amortization | 102,882 | 103,813 |
Non-cash interest expense | 19,668 | 20,679 |
Stock-based compensation expense | 13,726 | 12,066 |
Excess tax benefit related to equity awards | -2,959 | -2,185 |
Deferred income taxes | -125,059 | -70,123 |
Gain on sale of intellectual property | ' | -53,884 |
Fair value adjustments to contingent consideration | ' | 10,040 |
Fair value write-up of inventory sold | ' | 29,876 |
Debt extinguishment loss | 2,940 | ' |
Asset impairment charges | 3,132 | ' |
Loss on disposal of property and equipment | 1,411 | 906 |
Other | -966 | -1,149 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | 15,554 | 6,903 |
Inventories | -14,151 | -6,004 |
Prepaid income taxes | 44,745 | 18,538 |
Prepaid expenses and other assets | 2,107 | -1,177 |
Accounts payable | 10,423 | -10,629 |
Accrued expenses and other liabilities | 53,667 | 76,138 |
Deferred revenue | 2,560 | -6,243 |
Net cash provided by operating activities | 149,266 | 155,025 |
INVESTING ACTIVITIES | ' | ' |
Payment of additional acquisition consideration | ' | -16,808 |
Proceeds from sale of business, net of cash transferred | 2,431 | 1,488 |
Purchase of property and equipment | -8,417 | -11,233 |
Increase in equipment under customer usage agreements | -7,968 | -11,214 |
Net sales (purchases) of insurance contracts | 13,841 | -4,000 |
Purchases of mutual funds | -29,732 | ' |
Sales of mutual funds | 15,891 | ' |
Proceeds from sale of intellectual property | ' | 60,000 |
Purchase of cost method investments | ' | -3,625 |
(Increase) decrease in other assets | -429 | 1,144 |
Net cash (used in) provided by investing activities | -14,383 | 15,752 |
FINANCING ACTIVITIES | ' | ' |
Repayment of long-term debt | -521,250 | -16,250 |
Payment of contingent consideration | ' | -3,408 |
Net proceeds from issuance of common stock pursuant to employee stock plans | 12,906 | 12,777 |
Excess tax benefit related to equity awards | 2,959 | 2,185 |
Payment of employee restricted stock minimum tax withholdings | -9,054 | -7,885 |
Net cash used in financing activities | -514,439 | -12,581 |
Effect of exchange rate changes on cash and cash equivalents | -446 | -155 |
Net (decrease) increase in cash and cash equivalents | -380,002 | 158,041 |
Cash and cash equivalents, beginning of period | 822,490 | 560,430 |
Cash and cash equivalents, end of period | $442,488 | $718,471 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Dec. 28, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
(1) Basis of Presentation | |
The consolidated financial statements of Hologic, Inc. (“Hologic” or the “Company”) presented herein have been prepared pursuant to the rules of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and disclosures required by U.S. generally accepted accounting principles (“GAAP”). These financial statements should be read in conjunction with the consolidated financial statements and related notes for the year ended September 28, 2013, included in the Company’s Form 10-K filed with the SEC on November 26, 2013. In the opinion of management, the financial statements and notes contain all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the periods presented. | |
The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. | |
The preparation of financial statements in conformity with U.S. GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from management’s estimates if past experience or other assumptions do not turn out to be substantially accurate. Operating results for the three months ended December 28, 2013 are not necessarily indicative of the results to be expected for any other interim period or the entire fiscal year ending September 27, 2014. | |
During the third quarter of fiscal 2013, the Company determined that certain amounts previously classified as a component of product sales and cost of product sales in the first and second quarters of fiscal 2013 should be reclassified to service and other revenues and cost of service and other revenues in the Consolidated Statement of Operations for the nine months ended June 29, 2013. These reclassifications were reflected in the Company’s reported results for the nine months ended June 29, 2012. Within the accompanying Consolidated Statement of Operations for the three months ended December 29, 2012, reclassifications of $1.9 million from product sales to service and other revenues and $1.2 million from cost of product sales to cost of service and other revenues, respectively, are reflected to conform those financial statements to the current period presentation. The Company concluded these reclassifications were not material to its consolidated financial statements. | |
Subsequent Events Consideration | |
The Company considers events or transactions that occur after the balance sheet date but prior to the issuance of the financial statements to provide additional evidence for certain estimates or to identify matters that require additional disclosure. Subsequent events have been evaluated as required. There were no material recognized subsequent events recorded in the unaudited consolidated financial statements as of and for the three months ended December 28, 2013. |
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | ||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
(2) Fair Value Measurements | |||||||||||||||||
Assets/Liabilities Measured and Recorded at Fair Value on a Recurring Basis | |||||||||||||||||
The Company has an equity investment in a publicly-traded company and mutual funds, both of which are valued using quoted market prices, representing Level 1 assets. The Company has a payment obligation to the participants under its Nonqualified Deferred Compensation Plan (“DCP”). This liability is recorded at fair value based on the underlying value of certain hypothetical investments under the DCP as designated by each participant for their benefit. Since the value of the DCP obligations is based on market prices, the liability is classified within Level 1. In addition, in fiscal 2013, the Company had contingent consideration liabilities related to its acquisitions that were recorded at fair value and were based on Level 3 inputs (see Note 5(a)). | |||||||||||||||||
Assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following at December 28, 2013: | |||||||||||||||||
Fair Value at Reporting Date Using | |||||||||||||||||
Balance as of | Quoted Prices in | Significant | Significant | ||||||||||||||
December 28, | Active Market for | Other | Unobservable | ||||||||||||||
2013 | Identical Assets | Observable | Inputs (Level 3) | ||||||||||||||
(Level 1) | Inputs (Level 2) | ||||||||||||||||
Assets: | |||||||||||||||||
Marketable securities: | |||||||||||||||||
Equity security | $ | 16,907 | $ | 16,907 | $ | — | $ | — | |||||||||
Mutual funds | 21,243 | 21,243 | — | — | |||||||||||||
Total | $ | 38,150 | $ | 38,150 | $ | — | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation liabilities | $ | 44,009 | $ | 44,009 | $ | — | $ | — | |||||||||
Contingent consideration | 3,647 | — | — | 3,647 | |||||||||||||
Total | $ | 47,656 | $ | 44,009 | $ | — | $ | 3,647 | |||||||||
Changes in the fair value of recurring fair value measurements using significant unobservable inputs (Level 3), which solely consisted of contingent consideration liabilities, were as follows: | |||||||||||||||||
Three Months Ended | |||||||||||||||||
December 28, | December 29, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Balance at beginning of period | $ | 3,780 | $ | 86,368 | |||||||||||||
Fair value adjustments | — | 10,040 | |||||||||||||||
Payments made | (133 | ) | (3,408 | ) | |||||||||||||
Balance at end of period | $ | 3,647 | $ | 93,000 | |||||||||||||
The contingent consideration liability at December 28, 2013 is related to the Company’s Interlace Medical, Inc. (“Interlace”) acquisition and represents the remaining amounts withheld from payments made to the former stockholders of Interlace for legal indemnification provisions. As of the end of the second quarter of fiscal 2013, the Interlace contingent liability was no longer being remeasured as the final measurement period lapsed. The withheld amount is being used to pay qualifying legal expenses in connection with the litigation with Smith & Nephew, Inc. (“Smith & Nephew”) (see Note 5(b)). | |||||||||||||||||
Assets Measured and Recorded at Fair Value on a Nonrecurring Basis | |||||||||||||||||
The Company remeasures the fair value of certain assets and liabilities upon the occurrence of certain events. Such assets are comprised of cost-method equity investments and long-lived assets, including property, plant and equipment, intangible assets and goodwill. In the first quarter of fiscal 2014, the Company recorded a $3.1 million impairment charge to record certain of its buildings at fair value related to the Hitec organic photoconductor manufacturing line shutdown (see Note 3). The Company believes this adjustment falls within Level 3 of the fair value hierarchy. | |||||||||||||||||
The Company holds certain cost-method equity investments in non-publicly traded securities aggregating $11.7 million and $12.6 million at December 28, 2013 and September 28, 2013, respectively, which are included in other long-term assets on the Company’s Consolidated Balance Sheets. These investments are generally carried at cost, less any write-downs for other-than-temporary impairment charges. Since the inputs utilized for the Company’s periodic impairment assessment are not based on observable market data, these cost method investments are generally classified within Level 3 of the fair value hierarchy. To determine the fair value of these investments, the Company uses all available financial information related to the entities, including information based on recent or pending third-party equity investments in these entities. In certain instances, a cost method investment’s fair value is not estimated as there are no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment and to do so would be impractical. In the first quarter of fiscal 2014, the Company recorded an other-than-temporary impairment charge of $0.7 million related to one of its cost-method investments. | |||||||||||||||||
The following chart depicts the level of inputs within the fair value hierarchy used to estimate the fair value of buildings and a cost-method equity investment measured on a nonrecurring basis for which the Company recorded impairment charges: | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted Prices in | Significant | Significant | Total Gains | |||||||||||||
Active Market for | Other | Unobservable | (Losses) | ||||||||||||||
Identical Assets | Observable | Inputs (Level 3) | |||||||||||||||
(Level 1) | Inputs (Level 2) | ||||||||||||||||
Fiscal 2014: | |||||||||||||||||
Buildings | $ | 1,388 | $ | 1,388 | $ | (3,132 | ) | ||||||||||
Cost-method equity investment | 778 | 778 | (705 | ) | |||||||||||||
$ | (3,837 | ) | |||||||||||||||
Disclosure of Fair Value of Financial Instruments | |||||||||||||||||
The Company’s financial instruments mainly consist of cash and cash equivalents, accounts receivable, marketable securities, cost-method equity investments, insurance contracts, the DCP liability, accounts payable and debt obligations. The carrying amounts of the Company’s cash equivalents, accounts receivable and accounts payable approximate their fair value due to the short-term nature of these instruments. The Company’s marketable securities are recorded at fair value. The carrying amount of the insurance contracts are recorded at the cash surrender value, as required by U.S. GAAP, which approximates fair value, and the related DCP liability is recorded at fair value. The Company believes the carrying amounts of its cost-method investments approximate fair value. | |||||||||||||||||
Amounts outstanding under the Company’s Credit Agreement of $2.12 billion aggregate principal are subject to variable rates of interest based on current market rates, and as such, the Company believes the carrying amount of these obligations approximates fair value. The Company’s Senior Notes had a fair value of approximately $1.06 billion as of December 28, 2013 based on their trading price, representing a Level 1 measurement. The fair value of the Company’s Convertible Notes is based on the trading prices of the respective notes at the dates noted and represents a Level 1 measurement. Refer to Note 4 for the carrying amounts of the various components of the Company’s debt. | |||||||||||||||||
The estimated fair values of the Company’s Convertible Notes were as follows: | |||||||||||||||||
December 28, | September 28, | ||||||||||||||||
2013 | 2013 | ||||||||||||||||
2007 Notes | $ | — | $ | 405,000 | |||||||||||||
2010 Notes | 527,900 | 510,800 | |||||||||||||||
2012 Notes | 509,400 | 518,800 | |||||||||||||||
2013 Notes | 391,500 | 385,700 | |||||||||||||||
$ | 1,428,800 | $ | 1,820,300 | ||||||||||||||
As disclosed in Note 4, the Company redeemed the outstanding 2007 Notes in December 2013. |
Restructuring_and_Divestiture_
Restructuring and Divestiture Charges | 3 Months Ended | ||||||||||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||||||||||||||
Restructuring and Divestiture Charges | ' | ||||||||||||||||||||||||
(3) Restructuring and Divestiture Charges | |||||||||||||||||||||||||
The Company evaluates its operations for opportunities to improve operational effectiveness and efficiency, including facility and operations consolidation, and to better align expenses with revenues. As a result of these assessments, the Company has undertaken various restructuring actions. These actions are described below. The following table displays charges taken related to restructuring actions in fiscal 2014, 2013 and 2012 and a rollforward of the charges to the accrued balances as of December 28, 2013: | |||||||||||||||||||||||||
Restructuring and Divestiture Charges | Consolidation of | Closure of | Fiscal 2014 | Fiscal 2013 | Other | Total | |||||||||||||||||||
Diagnostics | Indianapolis | Actions | Actions | Operating | |||||||||||||||||||||
Operations | Facility | Cost | |||||||||||||||||||||||
Reductions | |||||||||||||||||||||||||
Fiscal 2012 charges: | |||||||||||||||||||||||||
Non-cash impairment charge | $ | 585 | $ | — | $ | — | $ | — | $ | — | $ | 585 | |||||||||||||
Purchase orders and other contractual obligations | — | — | — | — | 351 | 351 | |||||||||||||||||||
Workforce reductions | 14,202 | 879 | — | — | 168 | 15,249 | |||||||||||||||||||
Facility closure costs | — | — | — | — | 430 | 430 | |||||||||||||||||||
Other | — | 900 | — | — | — | 900 | |||||||||||||||||||
Total fiscal 2012 charges | $ | 14,787 | $ | 1,779 | $ | — | $ | — | $ | 949 | $ | 17,515 | |||||||||||||
Fiscal 2013 charges: | |||||||||||||||||||||||||
Workforce reductions | $ | 13,950 | $ | 4,805 | $ | — | $ | 11,332 | $ | 1,127 | $ | 31,214 | |||||||||||||
Facility closure costs | — | 173 | — | — | 377 | 550 | |||||||||||||||||||
Other | — | 651 | — | 42 | 236 | 929 | |||||||||||||||||||
Fiscal 2013 restructuring charges | $ | 13,950 | $ | 5,629 | $ | — | $ | 11,374 | $ | 1,740 | $ | 32,693 | |||||||||||||
Divestiture net charges | — | — | — | — | — | 112 | |||||||||||||||||||
Fiscal 2013 restructuring and divestiture charges | $ | 13,950 | $ | 5,629 | $ | — | $ | 11,374 | $ | 1,740 | $ | 32,805 | |||||||||||||
Fiscal 2014 charges: | |||||||||||||||||||||||||
Workforce reductions | $ | 796 | $ | 238 | $ | 12,933 | $ | 671 | $ | — | $ | 14,638 | |||||||||||||
Property impairment | — | — | — | — | 3,132 | 3,132 | |||||||||||||||||||
Facility closure costs | — | 445 | — | — | — | 445 | |||||||||||||||||||
Other | — | — | — | — | 49 | 49 | |||||||||||||||||||
Fiscal 2014 restructuring charges | $ | 796 | $ | 683 | $ | 12,933 | $ | 671 | $ | 3,181 | $ | 18,264 | |||||||||||||
Divestiture net charges | — | — | — | — | — | 86 | |||||||||||||||||||
Fiscal 2014 restructuring and divestiture charges | $ | 796 | $ | 683 | $ | 12,933 | $ | 671 | $ | 3,181 | $ | 18,350 | |||||||||||||
Rollforward of Accrued Restructuring | |||||||||||||||||||||||||
Total fiscal 2012 charges | $ | 14,787 | $ | 1,779 | $ | — | $ | — | $ | 949 | $ | 17,515 | |||||||||||||
Non-cash impairment charges | (585 | ) | — | — | — | — | (585 | ) | |||||||||||||||||
Stock compensation | (3,500 | ) | — | — | — | — | (3,500 | ) | |||||||||||||||||
Severance payments | (2,423 | ) | — | — | — | (206 | ) | (2,629 | ) | ||||||||||||||||
Other payments | — | — | — | — | (781 | ) | (781 | ) | |||||||||||||||||
Acquired | 83 | — | — | — | — | 83 | |||||||||||||||||||
Foreign exchange and other adjustments | 22 | — | — | — | 91 | 113 | |||||||||||||||||||
Balance at September 29, 2012 | $ | 8,384 | $ | 1,779 | $ | — | $ | — | $ | 53 | $ | 10,216 | |||||||||||||
Fiscal 2013 restructuring charges | $ | 13,950 | $ | 5,629 | — | $ | 11,374 | $ | 1,740 | $ | 32,693 | ||||||||||||||
Stock compensation | (6,322 | ) | — | — | (1,595 | ) | — | (7,917 | ) | ||||||||||||||||
Non-cash impairment charges | — | — | — | — | (54 | ) | (54 | ) | |||||||||||||||||
Severance payments | (13,068 | ) | (3,048 | ) | — | (4,425 | ) | (897 | ) | (21,438 | ) | ||||||||||||||
Other payments | — | (566 | ) | — | (25 | ) | (560 | ) | (1,151 | ) | |||||||||||||||
Foreign exchange and other adjustments | (2 | ) | — | — | (14 | ) | 6 | (10 | ) | ||||||||||||||||
Balance at September 28, 2013 | $ | 2,942 | $ | 3,794 | $ | — | $ | 5,315 | $ | 288 | $ | 12,339 | |||||||||||||
Fiscal 2014 restructuring charges | $ | 796 | $ | 683 | $ | 12,934 | $ | 670 | $ | 3,181 | $ | 18,264 | |||||||||||||
Stock compensation | — | — | (4,731 | ) | (30 | ) | — | (4,761 | ) | ||||||||||||||||
Non-cash impairment charges | — | — | — | — | (3,132 | ) | (3,132 | ) | |||||||||||||||||
Severance payments | (251 | ) | (3,153 | ) | (3,748 | ) | (1,939 | ) | (268 | ) | (9,359 | ) | |||||||||||||
Other payments | — | (275 | ) | — | — | (49 | ) | (324 | ) | ||||||||||||||||
Foreign exchange and other adjustments | — | — | — | — | 5 | 5 | |||||||||||||||||||
Balance at December 28, 2013 | $ | 3,487 | $ | 1,049 | $ | 4,455 | $ | 4,016 | $ | 25 | $ | 13,032 | |||||||||||||
Consolidation of Diagnostics Operations | |||||||||||||||||||||||||
In connection with its acquisition of Gen-Probe Incorporated (“Gen-Probe”), the Company implemented restructuring actions to consolidate its Diagnostics operations, such as streamlining product development initiatives, reducing overlapping functional areas such as sales, marketing and general and administrative functions, and consolidation of manufacturing resources, field services and support. As a result, the Company terminated certain employees from Gen-Probe and its legacy diagnostics business in research and development, sales, marketing, and general and administrative functions. The Company recorded severance and benefit charges in fiscal 2012 of $13.3 million related to this action pursuant to ASC 420, Exit or Disposal Cost Obligations (ASC 420). The majority of these employees ceased working in the fourth quarter of fiscal 2012, and their full severance charge was recorded in the fourth quarter of fiscal 2012. In addition, certain of the terminated Gen-Probe employees had unvested stock options, which were accelerated at termination pursuant to the stock options’ original terms. As such, the severance charges in fiscal 2012 include $3.5 million of stock-based compensation expense. In fiscal 2013, the Company recorded $10.8 million of severance charges, including $6.3 million for stock-based compensation. Included in these charges is $9.7 million recorded in the second quarter of fiscal 2013 related to certain Gen-Probe executives who ceased employment, including Carl Hull, Gen-Probe’s former Chairman, President and Chief Executive Officer. The charge was for the acceleration of certain retention payments and equity awards pursuant to the original terms of the related agreements. No additional charges were recorded in fiscal 2014 under this portion of the action. In the first quarter of fiscal 2013, the Company recorded $0.8 million of severance charges. | |||||||||||||||||||||||||
In addition, the Company is in process of moving its legacy molecular diagnostics operations from Madison, Wisconsin to Gen-Probe’s facilities in San Diego, California. This transfer is expected to be finalized by the end of fiscal 2014 and, as a result, the employees in Madison will be terminated. The Company is recording severance and benefit charges pursuant to ASC 420 and estimates the total severance and benefits charge to be approximately $6.9 million, which is being recorded ratably over the estimated service period of the affected employees. In the first quarter of fiscal 2014 and 2013, the Company recorded $0.8 million and $1.0 million, respectively, for severance and benefits. In fiscal 2013 and 2012, the Company recorded $3.2 million and $0.9 million, respectively, for severance and benefits. The Company also recorded non-cash charges of $0.6 million in the fourth quarter of fiscal 2012 as a result of exiting certain research projects. Additional charges, which are not expected to be significant, will be recorded as the manufacturing operation is transferred and the facility is closed down. These charges will be recorded as they are incurred. | |||||||||||||||||||||||||
Closure of Indianapolis Facility | |||||||||||||||||||||||||
In the fourth quarter of fiscal 2012, the Company finalized its decision to transfer production of the majority of its interventional breast products, which are included within the Breast Health reporting segment, from its Indianapolis, Indiana facility to its facility in Costa Rica. The transfer was completed in the first quarter of fiscal 2014, and the termination of employees at the Indianapolis location was completed. The Company recorded severance and benefit charges pursuant to ASC 420 and the total severance and benefits charge under this action was $5.9 million, which was recorded ratably over the required service period of the affected employees. In the first quarter of fiscal 2014 and 2013, the Company recorded $0.2 million and $1.5 million, respectively, of severance charges. In fiscal 2013 and 2012, the Company recorded $4.8 million and $0.9 million, respectively, for severance charges. In addition, the Company recorded charges of $0.4 million in the first quarter of fiscal 2014 related to the termination of its lease and remaining lease payments as of the cease-use date. The Company also recorded miscellaneous charges of $0.8 million in fiscal 2013 and $0.9 million in fiscal 2012 for amounts owed to the state of Indiana for employment credits. The Company does not expect to incur any additional charges in connection with this action. | |||||||||||||||||||||||||
Fiscal 2013 Actions | |||||||||||||||||||||||||
During the third quarter of fiscal 2013, the Company implemented a cost reduction initiative comprised of reducing headcount and evaluating research projects and operating costs. In connection with this plan, the Company terminated certain employees on a worldwide basis. The Company is primarily recording severance and benefit charges pursuant to ASC 420 and estimates the total severance and benefits charge to be approximately $5.4 million. For those employees who will continue to be employed beyond the minimum retention period, charges are being recorded ratably over the estimated service period of the affected employees. In the first quarter of fiscal 2014, the Company recorded $0.7 million for severance and benefits charges. The Company recorded $4.6 million of severance and benefit charges in fiscal 2013. | |||||||||||||||||||||||||
During the fourth quarter of fiscal 2013, effective July 18, 2013, Robert A. Cascella resigned as the Company’s President and Chief Executive Officer, and as a member of the Board of Directors of the Company, and effective at the same time, John W. Cumming was appointed as the Company’s President and Chief Executive Officer. In connection with this management change, additional headcount reductions were implemented. As a result of this action, the Company recorded $6.8 million in the fourth quarter of fiscal 2013 for severance and benefits charges. All employees were notified prior to September 28, 2013 and primarily ceased employment in the fourth quarter of fiscal 2013. The severance and benefit charges were accounted for pursuant to ASC 712, Compensation-Nonretirement Postemployment Benefits (ASC 712), for those employees with contractual arrangements and under ASC 420 for the remainder of affected employees. In addition to the acceleration of stock options pursuant to the stock options’ original terms for certain employees, the Company also modified the terms of equity awards to certain employees resulting in aggregate stock compensation charges of $1.4 million recorded in the fourth quarter of fiscal 2013. | |||||||||||||||||||||||||
Fiscal 2014 Actions | |||||||||||||||||||||||||
During the first quarter of fiscal 2014, the Company implemented a cost reduction initiative comprised of reducing headcount and evaluating research projects and operating costs. In connection with this plan, the Company terminated certain employees on a worldwide basis. The Company recorded the severance and benefit charges pursuant to ASC 420 and ASC 712, depending on the nature of the benefits. The Company recorded $6.3 million of severance and benefit charges in the first quarter of fiscal 2014, which includes $0.4 million of stock compensation related to the acceleration of assumed options in the Gen-Probe acquisition. | |||||||||||||||||||||||||
On December 6, 2013, Stephen MacMillan was appointed as President, Chief Executive Officer and a director of the Company. The employment of Mr. Cumming, our prior President and Chief Executive Officer, terminated upon Mr. MacMillan’s appointment. The Company provided separation benefits to Mr. Cumming pursuant to his employment letter dated July 18, 2013 resulting in a charge of $6.6 million, which included $4.4 million of stock compensation related to the acceleration of all of Mr. Cumming’s outstanding equity awards in accordance with the existing terms of Mr. Cumming’s share based payment arrangements. | |||||||||||||||||||||||||
Other Operating Cost Reductions: | |||||||||||||||||||||||||
Hitec Organic Photoconductor Manufacturing Line Shutdown | |||||||||||||||||||||||||
In the fourth quarter of fiscal 2013, in connection with the Company’s cost reduction initiatives, the Company decided to shut-down its Hitec-Imaging organic photoconductor manufacturing line located in Germany. As a result, the Company will terminate certain employees, primarily in manufacturing, in fiscal 2014 and incur severance and benefit charges, which will be recorded pursuant to ASC 420. During the first quarter of fiscal 2014, the Company completed its negotiations with the local Works Council to determine severance benefits for the approximately 96 affected employees. The Company estimates the severance and related charges to be approximately $6.8 million. Under ASC 420, the recognition of severance charges will commence when the affected employees are notified and such charges are recognized ratably over the required service period to earn the benefits unless the service period is within the legal notification period in which case the charges are recognized on the communication date. The Company began notifying the affected employees in the second quarter of fiscal 2014 and expects to incur these charges in the remainder of fiscal 2014. In connection with this action, in the fourth quarter of fiscal 2013, the Company recorded a $0.3 million impairment charge to record certain equipment at fair value. | |||||||||||||||||||||||||
In the first quarter of fiscal 2014, the Company recorded an impairment charge of $3.1 million to record certain of its buildings at this location in Germany to their estimated fair value. This charge is included within restructuring and divestiture charges. | |||||||||||||||||||||||||
Consolidation of Selenium Panel Coating Production | |||||||||||||||||||||||||
During the third quarter of fiscal 2012, the Company finalized its decision to consolidate its Selenium panel coating process and transfer the production line to its Newark, Delaware facility from its Hitec-Imaging German subsidiary. This production line is included within the Breast Health segment. The transfer was completed in the fourth quarter of fiscal 2013. In connection with this consolidation plan, the Company terminated certain employees, primarily manufacturing personnel. Severance charges were recorded pursuant to ASC 420. The termination communications began in January 2013 and were completed during fiscal 2013. In connection with this action, the Company recorded severance charges of $1.1 million in fiscal 2013. | |||||||||||||||||||||||||
Other | |||||||||||||||||||||||||
The Company recorded a charge of $0.4 million in fiscal 2013 for a lease obligation charge and the write-off of related leaseholds. | |||||||||||||||||||||||||
Divestitures | |||||||||||||||||||||||||
In the fourth quarter of fiscal 2013, the Company designated the assets of its Elucigene product line, acquired in the Gen-Probe acquisition, as assets held-for-sale, and recorded a charge of $0.7 million to record the assets at fair value. In the first quarter of fiscal 2014, the Company finalized the sale of the assets for $2.8 million, and after adjusting for the value of assets transferred, the Company recorded an additional charge of $0.1 million. At September 28, 2013, assets held-for-sale consisted of inventory and certain equipment valued at $2.4 million and goodwill of $0.6 million. | |||||||||||||||||||||||||
The Company completed the sale of its Lifecodes business and recorded a net gain of $0.9 million in the second quarter of fiscal 2013. For the year ended September 28, 2013, the Company recorded a charge of $0.3 million related to the disposition of certain other assets held-for-sale. |
Borrowings_and_Credit_Arrangem
Borrowings and Credit Arrangements | 3 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Borrowings and Credit Arrangements | ' | ||||||||
(4) Borrowings and Credit Arrangements | |||||||||
The Company had total debt with a carrying value of $4.3 billion and $4.8 billion at December 28, 2013 and September 28, 2013, respectively. The Company’s borrowings consisted of the following: | |||||||||
December 28, 2013 | September 28, 2013 | ||||||||
Current debt obligations, net of debt discount: | |||||||||
Term Loan A | $ | 62,165 | $ | 49,713 | |||||
Term Loan B | 14,868 | 113,966 | |||||||
Convertible Notes | — | 400,133 | |||||||
Total current debt obligations | 77,033 | 563,812 | |||||||
Long-term debt obligations, net of debt discount: | |||||||||
Term Loan A | 870,315 | 894,834 | |||||||
Term Loan B | 1,155,973 | 1,159,272 | |||||||
Senior Notes | 1,000,000 | 1,000,000 | |||||||
Convertible Notes | 1,198,444 | 1,187,992 | |||||||
Total long-term debt obligations | 4,224,732 | 4,242,098 | |||||||
Total debt obligations | $ | 4,301,765 | $ | 4,805,910 | |||||
Credit Agreement | |||||||||
On October 31, 2013, the Company voluntarily pre-paid $100.0 million of its Term Loan B facility, which was reflected in current debt obligations, net of debt discount, as of September 28, 2013. Pursuant to ASC 470, Debt, the Company recorded a debt extinguishment loss of $2.9 million to write-off the pro-rata amount of unamortized debt discount and deferred issuance costs related to this voluntary prepayment. | |||||||||
Borrowings outstanding under the credit and guaranty agreement (“Credit Agreement”) for the three months ended December 28, 2013 and December 29, 2012 had weighted-average interest rates of 3.0% and 4.0%, respectively. The interest rates on the outstanding Term Loan A and Term Loan B borrowings at December 28, 2013 were 2.2% and 3.75%, respectively. Interest expense under the Credit Agreement totaled $20.4 million and $30.0 million for the three months ended December 28, 2013 and December 29, 2012, respectively, which includes non-cash interest expense of $3.3 million and $3.7 million, respectively, related to the amortization of the deferred financing costs and accretion of the debt discount. | |||||||||
The Credit Agreement contains affirmative and negative covenants customarily applicable to senior secured credit facilities, including covenants restricting the ability of the Company and the guarantors, subject to negotiated exceptions, to incur additional indebtedness and additional liens on their assets; engage in mergers or acquisitions or dispose of assets; enter into sale-leaseback transactions; pay dividends or make other distributions; voluntarily prepay other indebtedness; enter into transactions with affiliated persons; make investments; and change the nature of their businesses. The credit facilities also contain a total net leverage ratio and an interest coverage ratio financial covenant measured as of the last day of each fiscal quarter. The Company was in compliance with the Credit Agreement’s covenants as of December 28, 2013. | |||||||||
The Company has evaluated the Credit Agreement for derivatives pursuant to ASC 815, Derivatives and Hedging (ASC 815), and identified embedded derivatives that require bifurcation as the features are not clearly and closely related to the host instrument. The embedded derivatives are a default provision, which could require additional interest payments, and provision requiring contingent payments to compensate the lenders for changes in tax deductions. The Company has determined that the fair value of these embedded derivatives was nominal as of December 28, 2013 and September 28, 2013. | |||||||||
Senior Notes | |||||||||
The Company’s 6.25% senior notes due 2020 (the “Senior Notes”) mature on August 1, 2020 and bear interest at the rate of 6.25% per year, payable semi-annually on February 1 and August 1 of each year, commencing on February 1, 2013. The Company recorded interest expense of $16.0 million in the three months ended December 28, 2013 and December 29, 2012, which includes non-cash interest expense of $0.4 million related to the amortization of the deferred financing costs. | |||||||||
The Company evaluated the Senior Notes for derivatives pursuant to ASC 815 and did not identify any embedded derivatives that require bifurcation. All features were deemed to be clearly and closely related to the host instrument. | |||||||||
Convertible Notes | |||||||||
On November 14, 2013, the Company announced that it had issued a notice of redemption to the holders of its 2.00% Convertible Senior Notes due 2037 (“2007 Notes”) to redeem any 2007 Notes outstanding on December 18, 2013 at a redemption price payable in cash equal to 100% of the principal amount of the 2007 Notes plus accrued and unpaid interest to, but not including, December 18, 2013. Holders of the 2007 Notes also had the option of putting the 2007 Notes to the Company as of December 13, 2013. All of the 2007 Notes were redeemed at their par value aggregating $405.0 million. Under ASC 470, the derecognition of the 2007 Notes did not result in a gain or loss as the fair value of the liability component of the 2007 Notes was determined to be equal to the consideration paid to redeem the 2007 Notes, and as a result, no value was allocated to the reacquisition of the conversion option. | |||||||||
As a result of redeeming the 2007 Notes, the Company is required to recapture the original issuance discount previously deducted for tax purposes. The estimated tax due upon the Company’s repurchase and redemption of the 2007 Notes is approximately $76.0 million, which is payable in fiscal 2014. | |||||||||
The term “Convertible Notes” refers to the 2007 Notes; the 2.00% Convertible Exchange Senior Notes due December 15, 2037 (the “2010 Notes”); the 2.00% Convertible Senior Notes due March 1, 2042 (the “2012 Notes”); and the 2.00% Convertible Senior Notes due December 15, 2043 (the “2013 Notes”). The Convertible Notes and related equity components (recorded in additional paid-in-capital, net of deferred taxes) consisted of the following: | |||||||||
December 28, | September 28, | ||||||||
2013 | 2013 | ||||||||
2007 Notes principal amount | $ | — | $ | 405,000 | |||||
Unamortized discount | — | (4,867 | ) | ||||||
Net carrying amount | $ | — | $ | 400,133 | |||||
Equity component, net of taxes | $ | — | $ | 121,496 | |||||
2010 Notes principal amount | $ | 450,000 | $ | 450,000 | |||||
Unamortized discount | (54,193 | ) | (58,310 | ) | |||||
Net carrying amount | $ | 395,807 | $ | 391,690 | |||||
Equity component, net of taxes | $ | 60,054 | $ | 60,054 | |||||
2012 Notes principal amount | $ | 500,000 | $ | 500,000 | |||||
Unamortized discount | (32,851 | ) | (34,630 | ) | |||||
Net carrying amount | $ | 467,149 | $ | 465,370 | |||||
Equity component, net of taxes | $ | 49,195 | $ | 49,195 | |||||
2013 Notes principal amount | $ | 370,000 | $ | 370,000 | |||||
Principal accretion | 12,999 | 9,225 | |||||||
Unamortized discount | (47,511 | ) | (48,293 | ) | |||||
Net carrying amount | $ | 335,488 | $ | 330,932 | |||||
Equity component, net of taxes | $ | 131,451 | $ | 131,451 | |||||
Interest expense under the Convertible Notes is as follows: | |||||||||
Three months ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Amortization of debt discount | $ | 11,546 | $ | 15,644 | |||||
Amortization of deferred financing costs | 650 | 908 | |||||||
Principal accretion | 3,774 | — | |||||||
Non-cash interest expense | 15,970 | 16,552 | |||||||
2.00% accrued interest | 8,119 | 8,610 | |||||||
$ | 24,089 | $ | 25,162 | ||||||
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended | ||||||||||||
Dec. 28, 2013 | |||||||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||||||
Commitments and Contingencies | ' | ||||||||||||
(5) Commitments and Contingencies | |||||||||||||
(a) Contingent Earn-Out Payments | |||||||||||||
In connection with certain of its acquisitions, the Company has incurred obligations to make contingent earn-out payments tied to performance criteria, principally revenue growth of the acquired businesses over a specified period. | |||||||||||||
In the first quarter of fiscal 2013, the Company made its final contingent consideration payment of $16.8 million to the former shareholders of Adiana, Inc., which was net of amounts withheld for qualifying legal costs, and its final contingent consideration payment of $3.4 million to the former shareholders of Sentinelle Medical Inc. | |||||||||||||
In connection with the Company’s acquisition of Interlace in fiscal 2011, the Company had an obligation to the former Interlace stockholders to make contingent payments over a two-year period up to a maximum payout of $225.0 million based on a multiple of incremental revenue growth during the two-year period following the completion of the acquisition. Pursuant to ASC 805, Business Combinations, the Company recorded its estimate of the fair value of the contingent consideration liability based on future revenue projections of the Interlace business under various potential scenarios and weighted probability assumptions of these outcomes. The final measurement period ended during the second quarter of fiscal 2013, resulting in a contingent consideration liability of $93.8 million. Of this amount, $86.9 million was paid to the former Interlace stockholders in the second quarter of fiscal 2013. The remainder was withheld for legal indemnification provisions and is being used to pay qualifying legal expenses. At December 28, 2013, the Company had accrued $3.6 million. | |||||||||||||
In connection with the Company’s acquisition of TCT International Co., Ltd. (“TCT”) in June 2011, the Company had an obligation to certain of the former TCT shareholders, based on future employment, to make contingent payments over a two year period not to exceed $200.0 million less a deferred payment of $35.0 million from the initial consideration. These earnouts were recorded as compensation expense ratably over the required service periods. The first earn-out payment of $54.0 million was made in the fourth quarter of fiscal 2012. The second and final earn-out period was completed in the third quarter of fiscal 2013, and the Company paid $87.4 million of this earn-out in the fourth quarter of fiscal 2013. The remainder of this earn-out of $31.1 million was paid in the first quarter of fiscal 2014. | |||||||||||||
In connection with the Company’s acquisition of Beijing Healthcome Technology Company, Ltd. (“Healthcome”) in July 2011, the Company has an obligation to the former Healthcome shareholders to make contingent payments totaling $5.0 million. In July 2013, the Company paid $1.7 million per the terms of the acquisition agreement. At December 28, 2013, the Company had accrued $3.4 million for these contingent payments. | |||||||||||||
There were no contingent consideration expenses recorded in the first quarter of fiscal 2014. A summary of amounts recorded to the Consolidated Statements of Operations in the first quarter of fiscal 2013 is as follows: | |||||||||||||
Statement of Operations Line Item – 3 Months Ended December 29, 2012 | Interlace | TCT | Total | ||||||||||
Contingent consideration – compensation expense | $ | — | $ | 29,486 | $ | 29,486 | |||||||
Contingent consideration – fair value adjustments | 10,040 | — | 10,040 | ||||||||||
$ | 10,040 | $ | 29,486 | $ | 39,526 | ||||||||
(b) Litigation and Related Matters | |||||||||||||
On June 9, 2010, Smith & Nephew filed suit against Interlace, which the Company acquired on January 6, 2011, in the United States District Court for the District of Massachusetts. The complaint alleged that the Interlace MyoSure hysteroscopic tissue removal device infringed U.S. patent 7,226,459. On November 22, 2011, Smith & Nephew filed suit against the Company in the United States District Court for the District of Massachusetts. The complaint alleged that use of the MyoSure hysteroscopic tissue removal system infringed U.S. patent 8,061,359. Both complaints sought permanent injunctive relief and unspecified damages. On September 4, 2012, following a two week trial, the jury returned a verdict of infringement of both the ‘459 and ‘359 patents and assessed damages of $4.0 million. A bench trial regarding the Company’s assertion of inequitable conduct on the part of Smith & Nephew with regard to the ‘359 patent was held on December 9, 2012 and oral arguments on the issue of inequitable conduct were presented on February 27, 2013. On June 27, 2013, the Court denied the Company’s motions related to inequitable conduct and allowed Smith & Nephew’s request for injunction, but ordered that enforcement of the injunction be stayed until final resolution, including appeal, of the current re-examinations of both patents at the United States Patent and Trademark Office (“USPTO”). The Court also rejected the jury’s damage award and ordered the parties to identify a mechanism for resolving the damages issue. On September 12, 2013, a status conference was held, and the Court invited the parties to submit briefs on the relevance of recent activity in the re-examinations at the USPTO. A hearing on this topic was held on October 29, 2013, and the parties are awaiting the Court’s ruling. The Company intends to file post-trial motions seeking to reverse the jury’s verdict. On January 14, 2014, the USPTO issued a final decision that the claims of the ‘459 patent asserted as part of the litigation are not patentable. The re-examination of the ‘359 patent is on-going. It is expected that patentability decisions made by the USPTO for both patents will proceed to appeal. At this time, based on available information regarding this litigation, the Company is unable to reasonably assess the ultimate outcome of this case or determine an estimate, or a range of estimates, of potential losses. | |||||||||||||
On March 6, 2012, Enzo Life Sciences, Inc. (“Enzo”) filed suit against the Company in the United States District Court for the District of Delaware. The complaint alleged that certain of the Company’s molecular diagnostics products, including without limitation products based on its proprietary Invader chemistry, such as Cervista HPV HR and Cervista HPV 16/18, infringe Enzo’s U.S. patent 6,992,180. The complaint seeks permanent injunctive relief and unspecified damages. The Company was formally served with the complaint on July 3, 2012, and a trial is tentatively scheduled for the spring of 2015. In January 2012, Enzo filed suit against Gen-Probe in the United States District Court for the District of Delaware. The Gen-Probe complaint alleged that certain of Gen-Probe’s diagnostics products, including products that incorporate Gen-Probe’s patented HPA technology, such as the Aptima Combo 2 and Aptima HPV assays, infringe Enzo’s U.S. patent 6,992,180. On September 30, 2013, Enzo amended its list of accused products to include Prodesse, MilliPROBE, PACE and Procleix assays. The complaint seeks permanent injunctive relief and unspecified damages, and a trial is tentatively scheduled for the spring of 2015. At this time, based on available information regarding this litigation, the Company is unable to reasonably assess the ultimate outcome of this case or determine an estimate, or a range of estimates, of potential losses. | |||||||||||||
On October 29, 2013, the Interlace stockholder representatives filed a complaint in the Delaware Court of Chancery alleging breach of contract for issues related to the payment of contingent consideration under the Interlace acquisition agreement, and are seeking $14.7 million in additional payments. The Company believes that Interlace has been paid all amounts due under the acquisition agreement and their claims are without merit. The Company is currently preparing its answer to the complaint. At this time, the Company is unable to reasonably assess the ultimate outcome of this case, or determine an estimate, or range of estimates, of potential losses. | |||||||||||||
The Company is a party to various other legal proceedings and claims arising out of the ordinary course of its business. The Company believes that except for those described above there are no other proceedings or claims pending against it of which the ultimate resolution would have a material adverse effect on its financial condition or results of operations. In all cases, at each reporting period, the Company evaluates whether or not a potential loss amount or a potential range of loss is probable and reasonably estimable under ASC 450, Contingencies. Legal costs are expensed as incurred. |
Sale_of_Makena
Sale of Makena | 3 Months Ended |
Dec. 28, 2013 | |
Text Block [Abstract] | ' |
Sale of Makena | ' |
(6) Sale of Makena | |
On January 16, 2008, the Company entered into an agreement to sell the full world-wide rights of its Makena (formerly Gestiva) pharmaceutical product to K-V Pharmaceutical Company (“KV”) upon FDA approval of the then pending Makena new drug application for $82.0 million. The Company executed certain amendments to this agreement resulting in an increase in the total sales price to $199.5 million and changing the timing of when payments are due to the Company. Gains attributable to payments in the amount of $79.5 million received from KV prior to FDA approval were deferred. | |
On February 3, 2011, the Company received FDA approval of Makena, and subject to a security interest and a right of reversion for failure to make future payments, all rights to Makena were transferred to KV. Upon FDA approval, the Company received $12.5 million, and including the $79.5 million previously received, the Company recorded a gain on the sale of intellectual property, net of the write-off of certain assets, of $84.5 million in the second quarter of fiscal 2011. Pursuant to the amended agreement, the Company received $12.5 million in the second quarter of fiscal 2012, which was recorded net of amounts due to the inventor of Makena. The Company was to receive the remaining $95.0 million of the sales price over a period of 18 to 30 months from FDA approval (subject to further deferral elections) depending on which of two payment options KV selected. KV would also have owed the Company a 5% royalty on sales for certain time periods determined based upon the payment option or deferral elections selected by KV. On August 4, 2012, KV and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York. The Company had been pursuing its claims against KV in these proceedings for amounts due to the Company under its agreement with KV, and in December 2012, the Company and KV executed a settlement agreement, which became effective on December 28, 2012 upon the Bankruptcy Court entering certain orders. Under the settlement agreement, the Company released KV from all claims in consideration of a $60.0 million payment. The Company recorded this amount in the first quarter of fiscal 2013, net of certain costs, including contingent fees and amounts due to the inventor of Makena, resulting in a gain of $53.9 million. The Company will receive no further payments from KV. |
Marketable_Securities
Marketable Securities | 3 Months Ended | ||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||
Marketable Securities | ' | ||||||||||||||||
(7) Marketable Securities | |||||||||||||||||
The Company’s marketable securities are comprised of an equity security and mutual funds. The equity security is an investment in the common stock of a publicly traded company, and the mutual funds are used to fund a portion of the Company’s DCP. The equity security is classified as available-for-sale and is recorded at fair value with the unrealized gains or losses, net of tax, within accumulated other comprehensive income (loss), which is a component of stockholders’ equity. The mutual funds are classified as trading and are recorded at fair value with gains and losses recorded in other income (expense) in the Consolidated Statements of Operations. | |||||||||||||||||
The following reconciles the cost basis to the fair market value of the Company’s one equity security: | |||||||||||||||||
Period Ended: | Cost | Gross Unrealized | Gross Unrealized | Fair Value | |||||||||||||
Gains | Losses | ||||||||||||||||
December 28, 2013 | $ | 5,931 | $ | 10,976 | $ | — | $ | 16,907 | |||||||||
September 28, 2013 | $ | 5,931 | $ | 12,156 | $ | — | $ | 18,087 |
Net_Loss_Income_Per_Share
Net (Loss) Income Per Share | 3 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Net (Loss) Income Per Share | ' | ||||||||
(8) Net (Loss) Income Per Share | |||||||||
A reconciliation of basic and diluted share amounts are as follows: | |||||||||
Three Months Ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Basic weighted-average common shares outstanding | 272,708 | 266,344 | |||||||
Weighted-average common stock equivalents from assumed exercise of stock options and restricted stock units | — | 3,035 | |||||||
Diluted weighted-average common shares outstanding | 272,708 | 269,379 | |||||||
Weighted-average anti-dilutive shares related to: | |||||||||
Outstanding stock options | 7,199 | 8,207 | |||||||
Restricted stock units | 950 | — | |||||||
As more fully discussed in Note 4, the Company has outstanding Convertible Notes. The Company’s policy is to net share settle its Convertible Notes, and any conversion premium, at the Company’s option, may be satisfied by issuing shares of common stock, cash or a combination of shares and cash. For both periods presented, shares potentially issuable for the conversion premium of the Convertible Notes were excluded from the calculation of earnings per share as their effect would have been anti-dilutive. |
StockBased_Compensation
Stock-Based Compensation | 3 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||
Stock-Based Compensation | ' | ||||||||
(9) Stock-Based Compensation | |||||||||
The following presents stock-based compensation expense in the Company’s Consolidated Statements of Operations: | |||||||||
Three Months Ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Cost of revenues | $ | 1,510 | $ | 1,834 | |||||
Research and development | 1,873 | 1,868 | |||||||
Selling and marketing | 1,749 | 2,201 | |||||||
General and administrative | 3,833 | 5,941 | |||||||
Restructuring and divestiture | 4,761 | 222 | |||||||
$ | 13,726 | $ | 12,066 | ||||||
The Company granted approximately 2.0 million and 2.1 million stock options during the three months ended December 28, 2013 and December 29, 2012, respectively, with weighted-average exercise prices of $21.82 and $19.86, respectively. There were 14.7 million options outstanding at December 28, 2013 with a weighted-average exercise price of $19.79. | |||||||||
The Company uses a binomial model to determine the fair value of its stock options. The weighted-average assumptions utilized to value these stock options are indicated in the following table: | |||||||||
Three Months Ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Risk-free interest rate | 1.2 | % | 0.5 | % | |||||
Expected volatility | 41.4 | % | 43.7 | % | |||||
Expected life (in years) | 4.4 | 4.4 | |||||||
Dividend yield | — | — | |||||||
Weighted-average fair value of options granted | $ | 7.64 | $ | 7.06 | |||||
The Company granted approximately 2.0 million and 1.8 million restricted stock units (RSUs) during the three months ended December 28, 2013 and December 29, 2012, respectively, with weighted-average grant date fair values of $21.51 and $19.86, respectively. As of December 28, 2013, there were 4.0 million unvested RSUs outstanding with a weighted-average grant date fair value of $20.18. The Company granted approximately 0.4 million performance stock units (PSUs) in the first quarter of fiscal 2014 to members of its senior management team. The PSUs were valued based on the Company’s stock price on the date of grant and have a weighted-average grant date fair value of $21.77. Each recipient of the PSUs is eligible to receive between zero and 200% of the target number of shares of the Company’s common stock at the end of three years provided the Company’s defined Return on Invested Capital metrics are achieved. The Company is recognizing compensation expense ratably over the required service period based on its estimate that it is probable the targeted number of shares will vest. The Company will cumulatively adjust compensation expense in the period it changes its estimate of the number of shares that are probable of vesting. | |||||||||
In connection with appointing its new President and Chief Executive Officer in December 2013, the Company granted approximately 0.1 million market stock units (MSUs). The MSUs vest in three separate tranches in an amount of 1/3rd of the total amount of the award based on the Company’s stock price meeting certain defined average stock prices for consecutive 30 trading day periods. These MSUs were valued at an average of $18.65 using the Monte Carlo simulation model and each tranche has its own derived service period. The Company is recognizing compensation expense under the accelerated method as prescribed by ASC 718, Compensation-Stock Compensation. In the first quarter of fiscal 2013, the Company granted approximately 0.1 million MSUs to its then Chief Executive Officer and Chief Financial Officer. The MSUs were valued at $18.49 using the Monte Carlo simulation model. Each recipient of these MSUs is eligible to receive between zero and 200% of the target number of shares of the Company’s common stock at the end of three years provided the Company’s stock price achieves the defined measurement criteria. The Company is recognizing compensation expense over the required service period. For market-based awards, the compensation expense will be recognized by the Company regardless of whether the required criteria is met to receive such shares unless the requisite service period is not rendered. Due to the resignation of the former Chief Executive Officer in July 2013, his MSUs were forfeited and the related compensation expense previously recognized was reversed. | |||||||||
The Company uses the straight-line attribution method to recognize stock-based compensation expense for stock options and RSUs. The vesting term of stock options granted to employees is generally five years with annual vesting of 20% per year on the anniversary of the grant date, and RSUs granted to employees generally vest over four years with annual vesting at 25% per year on the anniversary of the grant date. The amount of stock-based compensation expense recognized during a period is based on the value of the portion of the awards that is ultimately expected to vest. Based on an analysis of historical forfeitures, the Company has determined a specific forfeiture rate for certain employee groups and has applied forfeiture rates ranging from 0% to 6% as of December 28, 2013. This analysis is periodically re-evaluated and forfeiture rates will be adjusted as necessary. Ultimately, the actual stock-based compensation expense recognized will only be for those stock options and RSUs that vest. | |||||||||
At December 28, 2013, there was $36.6 million and $85.6 million of unrecognized compensation expense related to stock options and stock units (comprised of RSUs, MSUs and PSUs), respectively, to be recognized over a weighted-average period of 3.7 years and 3.2 years, respectively. |
Other_Balance_Sheet_Informatio
Other Balance Sheet Information | 3 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Text Block [Abstract] | ' | ||||||||
Other Balance Sheet Information | ' | ||||||||
(10) Other Balance Sheet Information | |||||||||
December 28, | September 28, | ||||||||
2013 | 2013 | ||||||||
Inventories | |||||||||
Raw materials | $ | 110,828 | $ | 115,575 | |||||
Work-in-process | 56,653 | 51,171 | |||||||
Finished goods | 134,228 | 122,617 | |||||||
$ | 301,709 | $ | 289,363 | ||||||
Property, plant and equipment | |||||||||
Equipment and software | $ | 327,990 | $ | 318,473 | |||||
Equipment under customer usage agreements | 279,386 | 275,696 | |||||||
Building and improvements | 173,489 | 171,469 | |||||||
Leasehold improvements | 63,643 | 68,159 | |||||||
Land | 51,659 | 51,633 | |||||||
Furniture and fixtures | 16,654 | 22,628 | |||||||
912,821 | 908,058 | ||||||||
Less – accumulated depreciation and amortization | (433,086 | ) | (416,530 | ) | |||||
$ | 479,735 | $ | 491,528 | ||||||
Business_Segments_and_Geograph
Business Segments and Geographic Information | 3 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Segment Reporting [Abstract] | ' | ||||||||
Business Segments and Geographic Information | ' | ||||||||
(11) Business Segments and Geographic Information | |||||||||
The Company has four reportable segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health. Certain reportable segments represent an aggregation of operating units within each segment. The Company measures and evaluates its reportable segments based on segment revenues and operating income adjusted to exclude the effect of non-cash charges, such as intangible asset amortization expense, intangible asset impairment charges, contingent consideration charges, restructuring and divestiture charges and other one-time or unusual items and related tax effects. | |||||||||
Identifiable assets for the four principal operating segments consist of inventories, intangible assets including goodwill, and property, plant and equipment. The Company fully allocates depreciation expense to its four reportable segments. The Company has presented all other identifiable assets as corporate assets. There were no intersegment revenues during the three months ended December 28, 2013 and December 29, 2012. Segment information is as follows: | |||||||||
Three Months Ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Total revenues: | |||||||||
Diagnostics | $ | 285,766 | $ | 305,916 | |||||
Breast Health | 226,491 | 220,808 | |||||||
GYN Surgical | 78,854 | 80,909 | |||||||
Skeletal Health | 21,337 | 23,729 | |||||||
$ | 612,448 | $ | 631,362 | ||||||
Operating income: | |||||||||
Diagnostics | $ | 4,754 | $ | 14,295 | |||||
Breast Health | 43,849 | 44,946 | |||||||
GYN Surgical | 11,123 | 622 | |||||||
Skeletal Health | 1,559 | 3,366 | |||||||
$ | 61,285 | $ | 63,229 | ||||||
Depreciation and amortization: | |||||||||
Diagnostics | $ | 92,186 | $ | 91,542 | |||||
Breast Health | 9,361 | 9,930 | |||||||
GYN Surgical | 26,046 | 26,479 | |||||||
Skeletal Health | 226 | 204 | |||||||
$ | 127,819 | $ | 128,155 | ||||||
Capital expenditures: | |||||||||
Diagnostics | $ | 10,256 | $ | 13,853 | |||||
Breast Health | 1,805 | 3,580 | |||||||
GYN Surgical | 1,786 | 2,745 | |||||||
Skeletal Health | 142 | 179 | |||||||
Corporate | 2,396 | 2,090 | |||||||
$ | 16,385 | $ | 22,447 | ||||||
December 28, | September 28, | ||||||||
2013 | 2013 | ||||||||
Identifiable assets: | |||||||||
Diagnostics | $ | 4,598,845 | $ | 4,667,942 | |||||
Breast Health | 920,121 | 932,206 | |||||||
GYN Surgical | 1,825,174 | 1,849,518 | |||||||
Skeletal Health | 34,546 | 33,508 | |||||||
Corporate | 1,105,622 | 1,517,649 | |||||||
$ | 8,484,308 | $ | 9,000,823 | ||||||
The Company had no customers with balances greater than 10% of accounts receivable as of December 28, 2013 or September 28, 2013, or any customer that represented greater than 10% of product revenues during the three months ended December 28, 2013 and December 29, 2012. | |||||||||
Products sold by the Company internationally are manufactured at both domestic and international locations. Transfers between the Company and its subsidiaries are generally recorded at amounts similar to the prices paid by unaffiliated foreign dealers. All intercompany profit is eliminated in consolidation. | |||||||||
The Company operates in the following major geographic areas as noted in the below chart. Revenue data is based upon customer location, and internationally totaled $154.9 million and $170.1 million during the three months ended December 28, 2013 and December 29, 2012, respectively. Other than the United States, no single country accounted for more than 10% of consolidated revenues. The Company’s sales in Europe are predominantly derived from France, Germany and the United Kingdom. The Company’s sales in Asia-Pacific are predominantly derived from China, Australia and Japan. The “All others” designation includes Canada, Latin America and the Middle East. | |||||||||
Revenues by geography as a percentage of total revenues are as follows: | |||||||||
Three Months Ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
United States | 75 | % | 73 | % | |||||
Europe | 14 | % | 14 | % | |||||
Asia-Pacific | 7 | % | 9 | % | |||||
All others | 4 | % | 4 | % | |||||
100 | % | 100 | % | ||||||
Income_Taxes
Income Taxes | 3 Months Ended |
Dec. 28, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
(12) Income Taxes | |
In accordance with ASC 740, Income Taxes, each interim period is considered integral to the annual period and tax expense is measured using an estimated annual effective tax rate. An entity is required to record income tax expense each quarter based on its annual effective tax rate estimated for the full fiscal year and use that rate to provide for income taxes on a current year-to-date basis, adjusted for discrete taxable events that occur during the interim period. If, however, the entity is unable to reliably estimate its annual effective tax rate, then the actual effective tax rate for the year-to-date may be the best annual effective tax rate estimate. For the three months ended December 29, 2012, the Company determined that it was unable to make a reliable annual effective tax rate estimate due to the rate sensitivity as it related to its forecasted fiscal 2013 results. Therefore, the Company recorded a tax benefit for the three months ended December 29, 2012 based on the effective rate for the three months ended December 29, 2012. | |
The Company’s effective tax rate for the three months ended December 28, 2013 was negative 277.1%, or a provision on a pre-tax loss, compared to a 142.4% benefit on a pre-tax loss for the three months ended December 29, 2012. For the three months ended December 28, 2013, the effective tax rate differed from the statutory rate primarily due to unbenefited foreign losses. For the three months ended December 29, 2012, the tax rate benefit was primarily due to a $19.4 million valuation allowance release related to built-in capital losses, that the Company has concluded are more likely than not realizable as a result of the $53.9 million gain recorded on the Makena sale (see Note 6), partially offset by non-deductible contingent consideration compensation expense related to TCT and Interlace. | |
At December 28, 2013, the Company has recorded $1.45 billion of net deferred tax liabilities compared to $1.58 billion at September 28, 2013. The Company’s deferred tax assets are periodically evaluated to determine their recoverability. | |
The Company has $126.6 million in gross unrecognized tax benefits, excluding interest, at December 28, 2013. Total gross unrecognized tax benefits increased by $4.8 million from September 28, 2013. At December 28, 2013, $60.2 million in unrecognized tax benefits, if recognized, would reduce the Company’s effective tax rate. The remaining $66.4 million is related to temporary differences that would not affect the Company’s effective tax rate. The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits and income tax liabilities in income tax expense. At December 28, 2013, accrued interest and penalties was $4.5 million. | |
The Internal Revenue Service is examining the Company’s fiscal year 2011 consolidated federal income tax return and Gen-Probe’s consolidated federal income tax returns for calendar years 2010 through the 2012 acquisition date. |
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 3 Months Ended | ||||||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||
Goodwill and Intangible Assets | ' | ||||||||||||||||||||
(13) Goodwill and Intangible Assets | |||||||||||||||||||||
Goodwill | |||||||||||||||||||||
A rollforward of goodwill activity by reportable segment from September 28, 2013 to December 28, 2013 is as follows: | |||||||||||||||||||||
Breast Health | Diagnostics | GYN Surgical | Skeletal Health | Total | |||||||||||||||||
Balance at September 28, 2013 | $ | 636,365 | $ | 1,153,554 | $ | 1,016,456 | $ | 8,153 | $ | 2,814,528 | |||||||||||
Disposition of a portion of a reporting unit | — | (86 | ) | — | — | (86 | ) | ||||||||||||||
Tax adjustments | — | (151 | ) | — | — | (151 | ) | ||||||||||||||
Foreign currency and other | (1,662 | ) | 1,090 | 179 | 9 | (384 | ) | ||||||||||||||
Balance at December 28, 2013 | $ | 634,703 | $ | 1,154,407 | $ | 1,016,635 | $ | 8,162 | $ | 2,813,907 | |||||||||||
Intangible Assets | |||||||||||||||||||||
Intangible assets consisted of the following: | |||||||||||||||||||||
Description | As of December 28, 2013 | As of September 28, 2013 | |||||||||||||||||||
Gross | Accumulated | Gross | Accumulated | ||||||||||||||||||
Carrying | Amortization | Carrying | Amortization | ||||||||||||||||||
Value | Value | ||||||||||||||||||||
Developed technology | $ | 4,006,670 | $ | 1,170,604 | $ | 4,008,947 | $ | 1,094,435 | |||||||||||||
In-process research and development | 24,000 | — | 24,000 | — | |||||||||||||||||
Customer relationships and contracts | 1,102,221 | 318,695 | 1,101,870 | 296,481 | |||||||||||||||||
Trade names | 238,071 | 85,817 | 238,103 | 81,844 | |||||||||||||||||
Patents | 13,153 | 8,558 | 13,026 | 8,495 | |||||||||||||||||
Business licenses | 2,669 | 689 | 2,647 | 616 | |||||||||||||||||
Non-competition agreements | 285 | 285 | 296 | 296 | |||||||||||||||||
Totals | $ | 5,387,069 | $ | 1,584,648 | $ | 5,388,889 | $ | 1,482,167 | |||||||||||||
The estimated remaining amortization expense as of December 28, 2013 for each of the five succeeding fiscal years is as follows: | |||||||||||||||||||||
Remainder of Fiscal 2014 | $ | 307,704 | |||||||||||||||||||
Fiscal 2015 | $ | 395,750 | |||||||||||||||||||
Fiscal 2016 | $ | 381,987 | |||||||||||||||||||
Fiscal 2017 | $ | 372,751 | |||||||||||||||||||
Fiscal 2018 | $ | 362,226 |
Product_Warranties
Product Warranties | 3 Months Ended | ||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||
Guarantees [Abstract] | ' | ||||||||||||||||
Product Warranties | ' | ||||||||||||||||
(14) Product Warranties | |||||||||||||||||
Product warranty activity was as follows: | |||||||||||||||||
Balance at | Provisions | Settlements/ | Balance at | ||||||||||||||
Beginning of | Adjustments | End of Period | |||||||||||||||
Period | |||||||||||||||||
Three Months Ended: | |||||||||||||||||
December 28, 2013 | $ | 9,258 | $ | 2,016 | $ | (2,357 | ) | $ | 8,917 | ||||||||
December 29, 2012 | $ | 6,179 | $ | 3,131 | $ | (2,739 | ) | $ | 6,571 |
Equity
Equity | 3 Months Ended |
Dec. 28, 2013 | |
Equity [Abstract] | ' |
Equity | ' |
(15) Equity | |
Stockholder Rights Agreement | |
On November 20, 2013, the Company’s Board of Directors declared a dividend of one preferred share purchase right (a “Right”) for each outstanding share of common stock, par value $0.01 per share, of the Company, to purchase from the Company one ten-thousandth of a share of newly designated Series A Junior Participating Preferred Stock, par value $0.01 per share, of the Company (the “Preferred Stock”) at a price of $107.00 per one ten-thousandth of a share of Preferred Stock, subject to adjustment as provided in the Rights Agreement. The dividend is payable to stockholders of record at the close of business on December 2, 2013 (the “Record Date”). The description and terms of the Rights are set forth in a Rights Agreement, dated as of November 21, 2013, as the same may be amended from time to time (the “Rights Agreement”), between the Company and American Stock Transfer & Trust Company, LLC, as Rights Agent. | |
The Rights Agreement became effective on November 21, 2013 (the “Effective Date”). Upon and following the Effective Date, Rights will be issued in respect of all outstanding shares of Common Stock on the Record Date, and for all shares of Common Stock issued after the Record Date and, subject to the terms described in the Rights Agreement, prior to the earliest of the Distribution Date (as defined in the Rights Agreement), the redemption of the Rights or the expiration of the Rights. | |
The Rights are not exercisable until the Distribution Date. Upon the Distribution Date, the Rights separate from the Common Stock and become exercisable. The Distribution Date is the earlier of (i) 10 business days from the public announcement that a person or group of affiliated or associated persons has become an Acquiring Person (as defined below) or (ii) 10 business days (or such later date as may be determined by action of the Board) from the commencement of, or public announcement of an intention to make, a tender or exchange offer the consummation of which would result in any person or group of affiliated persons becoming an Acquiring Person. Generally, an Acquiring Person is a person or group of affiliated or associated persons that acquire beneficial ownership of 10% (15% in the case of a passive institutional investor) or more of the outstanding shares of common stock. The Rights will expire on November 20, 2014, unless the Rights are earlier redeemed or exchanged by the Company, in each case as defined in the Rights Agreement. | |
The Rights Agreement is a derivative under ASC 815. The Company has determined that any value assigned would be insignificant and as such has not recorded any amounts for this derivative in its consolidated financial statements. | |
Stock Repurchase Program | |
On November 11, 2013, the Company announced that its Board of Directors authorized the repurchase of up to $250 million of the Company’s outstanding common stock over the next three years. Under the stock repurchase program, the Company is authorized to repurchase, from time-to-time, shares of its outstanding common stock on the open market or in privately negotiated transactions in the United States. The timing and amount of stock repurchases will be determined based upon the Company’s evaluation of market conditions and other factors. The stock repurchase program may be suspended, modified or discontinued at any time, and the Company has no obligation to repurchase any amount of its common stock under the program. Through December 28, 2013, the Company had not repurchased any shares of its common stock under this program. |
Pension_and_Other_Employee_Ben
Pension and Other Employee Benefits | 3 Months Ended |
Dec. 28, 2013 | |
Compensation And Retirement Disclosure [Abstract] | ' |
Pension and Other Employee Benefits | ' |
(16) Pension and Other Employee Benefits | |
The Company has certain defined benefit pension plans covering the employees of its Hitec-Imaging German subsidiary (formerly AEG). As of December 28, 2013 and September 28, 2013, the Company’s pension liability related to its German employees was $10.2 million and $10.1 million, respectively, which is primarily recorded as a component of long-term liabilities in the Consolidated Balance Sheets. As of December 28, 2013 and September 28, 2013, the pension plans held no assets. The Company also has defined benefit pension plans covering its Swiss employees as required by the Swiss government. The Company’s net pension liability related to its Swiss employees as of December 28, 2013 was $0.8 million. The Company’s net periodic benefit cost and components thereof were not material during the three months ended December 28, 2013 and December 29, 2012. |
New_Accounting_Pronouncements
New Accounting Pronouncements | 3 Months Ended |
Dec. 28, 2013 | |
Accounting Changes And Error Corrections [Abstract] | ' |
New Accounting Pronouncements | ' |
(17) New Accounting Pronouncements | |
In July 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exist. ASU 2013-11 amends the presentation requirements of ASC 740, Income Taxes, and requires an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, similar tax loss, or a tax credit carryforward. To the extent the tax benefit is not available at the reporting date under the governing tax law or if the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and not combined with deferred tax assets. The ASU is effective for annual periods, and interim periods within those years, beginning after December 15, 2013, which is fiscal 2015 for the Company. The amendments are to be applied to all unrecognized tax benefits that exist as of the effective date and may be applied retrospectively to each prior reporting period presented. The Company is currently evaluating the impact of the adoption of ASU 2013-11 on its consolidated financial statements. |
Supplemental_Guarantor_Condens
Supplemental Guarantor Condensed Consolidating Financials | 3 Months Ended | ||||||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||||||
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ||||||||||||||||||||
Supplemental Guarantor Condensed Consolidating Financials | ' | ||||||||||||||||||||
(18) Supplemental Guarantor Condensed Consolidating Financials | |||||||||||||||||||||
The Company’s Senior Notes are fully and unconditionally and jointly and severally guaranteed by Hologic, Inc. (“Parent/Issuer”) and certain of its domestic subsidiaries, which are 100% owned by Hologic, Inc. The following represents the supplemental condensed financial information of Hologic, Inc. and its guarantor and non-guarantor subsidiaries, as of December 28, 2013 and September 28, 2013 and for the three months ended December 28, 2013 and December 29, 2012, as applicable. | |||||||||||||||||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
For the Three Months Ended December 28, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
Revenues: | |||||||||||||||||||||
Product sales | $ | 105,456 | $ | 381,568 | $ | 126,403 | $ | (101,045 | ) | $ | 512,382 | ||||||||||
Service and other revenues | 85,946 | 15,873 | 11,744 | (13,497 | ) | 100,066 | |||||||||||||||
191,402 | 397,441 | 138,147 | (114,542 | ) | 612,448 | ||||||||||||||||
Costs and expenses: | |||||||||||||||||||||
Cost of product sales | 52,873 | 138,760 | 86,290 | (101,045 | ) | 176,878 | |||||||||||||||
Cost of product sales – amortization of intangible assets | 1,397 | 74,109 | 1,160 | — | 76,666 | ||||||||||||||||
Cost of service and other revenues | 42,320 | 7,642 | 16,843 | (13,497 | ) | 53,308 | |||||||||||||||
Research and development | 7,517 | 38,851 | 2,301 | — | 48,669 | ||||||||||||||||
Selling and marketing | 17,926 | 42,775 | 22,556 | — | 83,257 | ||||||||||||||||
General and administrative | 14,656 | 41,494 | 11,669 | — | 67,819 | ||||||||||||||||
Amortization of intangible assets | 779 | 24,163 | 1,274 | — | 26,216 | ||||||||||||||||
Restructuring and divestiture charges | 4,990 | 9,756 | 3,604 | — | 18,350 | ||||||||||||||||
142,458 | 377,550 | 145,697 | (114,542 | ) | 551,163 | ||||||||||||||||
Income from operations | 48,944 | 19,891 | (7,550 | ) | — | 61,285 | |||||||||||||||
Interest income | 99 | 305 | 194 | (242 | ) | 356 | |||||||||||||||
Interest expense | (60,654 | ) | (308 | ) | (570 | ) | 242 | (61,290 | ) | ||||||||||||
Debt extinguishment loss | (2,940 | ) | — | — | — | (2,940 | ) | ||||||||||||||
Other income (expense), net | 9,565 | (9,344 | ) | 949 | — | 1,170 | |||||||||||||||
(Loss) income before income taxes | (4,986 | ) | 10,544 | (6,977 | ) | — | (1,419 | ) | |||||||||||||
Provision (benefit) for income taxes | (59 | ) | 1,560 | 2,431 | — | 3,932 | |||||||||||||||
Equity in earnings (losses) of subsidiaries | (424 | ) | 10,088 | — | (9,664 | ) | — | ||||||||||||||
Net (loss) income | $ | (5,351 | ) | $ | 19,072 | $ | (9,408 | ) | $ | (9,664 | ) | $ | (5,351 | ) | |||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
For the Three Months Ended December 29, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
Revenues: | |||||||||||||||||||||
Product sales | $ | 98,043 | $ | 379,771 | $ | 131,127 | $ | (75,687 | ) | $ | 533,254 | ||||||||||
Service and other revenues | 77,960 | 21,141 | 11,820 | (12,813 | ) | 98,108 | |||||||||||||||
176,003 | 400,912 | 142,947 | (88,500 | ) | 631,362 | ||||||||||||||||
Costs and expenses: | |||||||||||||||||||||
Cost of product sales | 53,520 | 163,895 | 80,599 | (75,687 | ) | 222,327 | |||||||||||||||
Cost of product sales – amortization of intangible assets | 1,306 | 72,917 | 1,064 | — | 75,287 | ||||||||||||||||
Cost of service and other revenues | 38,378 | 15,591 | 10,919 | (12,813 | ) | 52,075 | |||||||||||||||
Research and development | 7,418 | 41,753 | 2,338 | — | 51,509 | ||||||||||||||||
Selling and marketing | 20,773 | 47,365 | 26,305 | — | 94,443 | ||||||||||||||||
General and administrative | 15,320 | 31,016 | 8,055 | — | 54,391 | ||||||||||||||||
Amortization of intangible assets | 678 | 26,649 | 1,199 | — | 28,526 | ||||||||||||||||
Contingent consideration – compensation expense | 29,486 | — | — | — | 29,486 | ||||||||||||||||
Contingent consideration – fair value adjustments | 10,040 | — | — | — | 10,040 | ||||||||||||||||
Gain on sale of intellectual property | — | (53,884 | ) | — | — | (53,884 | ) | ||||||||||||||
Restructuring and divestiture charges | 221 | 3,286 | 426 | — | 3,933 | ||||||||||||||||
177,140 | 348,588 | 130,905 | (88,500 | ) | 568,133 | ||||||||||||||||
Income (loss) from operations | (1,137 | ) | 52,324 | 12,042 | — | 63,229 | |||||||||||||||
Interest income | 131 | 42 | 87 | — | 260 | ||||||||||||||||
Interest expense | (71,254 | ) | (314 | ) | (513 | ) | — | (72,081 | ) | ||||||||||||
Other income (expense), net | 119 | (4,046 | ) | 5,180 | (14 | ) | 1,239 | ||||||||||||||
(Loss) income before income taxes | (72,141 | ) | 48,006 | 16,796 | (14 | ) | (7,353 | ) | |||||||||||||
(Benefit) provision for income taxes | (11,747 | ) | (3,114 | ) | 4,390 | — | (10,471 | ) | |||||||||||||
Equity in earnings (losses) of subsidiaries | 63,512 | 10,934 | — | (74,446 | ) | — | |||||||||||||||
Net income (loss) | $ | 3,118 | $ | 62,054 | $ | 12,406 | $ | (74,460 | ) | $ | 3,118 | ||||||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME | |||||||||||||||||||||
For the Three Months Ended December 28, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
Net (loss) income | $ | (5,351 | ) | $ | 19,072 | $ | (9,408 | ) | $ | (9,664 | ) | $ | (5,351 | ) | |||||||
Change in cumulative translation adjustment | — | 89 | (1,277 | ) | — | (1,188 | ) | ||||||||||||||
Unrealized loss on available-for-sale security | — | (1,180 | ) | — | — | (1,180 | ) | ||||||||||||||
Adjustment to minimum pension liability, net of taxes | — | — | (615 | ) | — | (615 | ) | ||||||||||||||
Comprehensive (loss) income | $ | (5,351 | ) | $ | 17,981 | $ | (11,300 | ) | $ | (9,664 | ) | $ | (8,334 | ) | |||||||
For the Three Months Ended December 29, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
Net income (loss) | $ | 3,118 | $ | 62,054 | $ | 12,406 | $ | (74,460 | ) | $ | 3,118 | ||||||||||
Change in cumulative translation adjustment | — | 577 | 1,392 | — | 1,969 | ||||||||||||||||
Unrealized loss on available-for-sale security | — | (557 | ) | — | — | (557 | ) | ||||||||||||||
Comprehensive income (loss) | $ | 3,118 | $ | 62,074 | $ | 13,798 | $ | (74,460 | ) | $ | 4,530 | ||||||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||
December 28, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 105,467 | $ | 237,040 | $ | 99,981 | $ | — | $ | 442,488 | |||||||||||
Restricted cash | — | — | 6,149 | — | 6,149 | ||||||||||||||||
Accounts receivable, net | 112,650 | 177,153 | 104,668 | — | 394,471 | ||||||||||||||||
Inventories | 84,863 | 164,027 | 52,819 | — | 301,709 | ||||||||||||||||
Deferred income tax assets | 14,953 | 19,665 | 735 | — | 35,353 | ||||||||||||||||
Prepaid expenses and other current assets | 17,398 | 18,199 | 11,172 | — | 46,769 | ||||||||||||||||
Prepaid income taxes | — | 2,475 | — | (2,475 | ) | — | |||||||||||||||
Intercompany receivables | — | 2,512,661 | 38,572 | (2,551,233 | ) | — | |||||||||||||||
Total current assets | 335,331 | 3,131,220 | 314,096 | (2,553,708 | ) | 1,226,939 | |||||||||||||||
Property, plant and equipment, net | 29,489 | 347,764 | 102,482 | — | 479,735 | ||||||||||||||||
Intangible assets, net | 17,730 | 3,686,929 | 97,762 | — | 3,802,421 | ||||||||||||||||
Goodwill | 282,448 | 2,391,882 | 139,577 | — | 2,813,907 | ||||||||||||||||
Long-term intercompany notes receivable | — | 144,000 | — | (144,000 | ) | — | |||||||||||||||
Other assets | 110,033 | 49,424 | 1,849 | — | 161,306 | ||||||||||||||||
Investment in subsidiaries | 8,669,060 | 199,034 | 279 | (8,868,373 | ) | — | |||||||||||||||
Total assets | $ | 9,444,091 | $ | 9,950,253 | $ | 656,045 | $ | (11,566,081 | ) | $ | 8,484,308 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Current portion of long-term debt | $ | 77,033 | $ | — | $ | — | $ | — | $ | 77,033 | |||||||||||
Accounts payable | 28,610 | 51,945 | 10,411 | — | 90,966 | ||||||||||||||||
Accrued expenses | 216,379 | 66,514 | 43,978 | (2,741 | ) | 324,130 | |||||||||||||||
Deferred revenue | 99,648 | 8,404 | 28,076 | — | 136,128 | ||||||||||||||||
Intercompany payables | 2,511,416 | — | 42,576 | (2,553,992 | ) | — | |||||||||||||||
Total current liabilities | 2,933,086 | 126,863 | 125,041 | (2,556,733 | ) | 628,257 | |||||||||||||||
Long-term debt, net of current portion | 4,224,732 | — | — | — | 4,224,732 | ||||||||||||||||
Deferred income tax liabilities | 75,995 | 1,398,678 | 10,792 | — | 1,485,465 | ||||||||||||||||
Deferred service obligations – long-term | 9,844 | 3,476 | 10,936 | — | 24,256 | ||||||||||||||||
Other long-term liabilities | 105,903 | 29,774 | 35,390 | — | 171,067 | ||||||||||||||||
Long-term intercompany notes payable | 144,000 | — | — | (144,000 | ) | — | |||||||||||||||
Total stockholders’ equity | 1,950,531 | 8,391,462 | 473,886 | (8,865,348 | ) | 1,950,531 | |||||||||||||||
Total liabilities and stockholders’ equity | $ | 9,444,091 | $ | 9,950,253 | $ | 656,045 | $ | (11,566,081 | ) | $ | 8,484,308 | ||||||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||
September 28, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 321,523 | $ | 387,422 | $ | 113,545 | $ | — | $ | 822,490 | |||||||||||
Restricted cash | — | — | 6,914 | — | 6,914 | ||||||||||||||||
Accounts receivable, net | 126,036 | 174,433 | 108,804 | — | 409,273 | ||||||||||||||||
Inventories | 81,924 | 146,678 | 60,761 | — | 289,363 | ||||||||||||||||
Deferred income tax assets | — | 19,042 | 494 | (19,536 | ) | — | |||||||||||||||
Prepaid income taxes | 47,131 | 2,303 | — | (4,689 | ) | 44,745 | |||||||||||||||
Prepaid expenses and other current assets | 16,246 | 21,112 | 11,003 | — | 48,361 | ||||||||||||||||
Intercompany receivables | — | 2,442,502 | 31,949 | (2,474,451 | ) | — | |||||||||||||||
Other current assets – assets held-for-sale | — | — | 2,997 | — | 2,997 | ||||||||||||||||
Total current assets | 592,860 | 3,193,492 | 336,467 | (2,498,676 | ) | 1,624,143 | |||||||||||||||
Property, plant and equipment, net | 29,313 | 356,736 | 105,479 | — | 491,528 | ||||||||||||||||
Intangible assets, net | 19,925 | 3,784,987 | 101,810 | — | 3,906,722 | ||||||||||||||||
Goodwill | 283,038 | 2,390,939 | 140,551 | — | 2,814,528 | ||||||||||||||||
Other assets | 103,548 | 58,446 | 1,908 | — | 163,902 | ||||||||||||||||
Investments in subsidiaries | 8,667,620 | 129,016 | 2,296 | (8,798,932 | ) | — | |||||||||||||||
Total assets | $ | 9,696,304 | $ | 9,913,616 | $ | 688,511 | $ | (11,297,608 | ) | $ | 9,000,823 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Current portion of long-term debt | $ | 563,812 | $ | — | $ | — | $ | — | $ | 563,812 | |||||||||||
Accounts payable | 27,865 | 42,661 | 10,008 | — | 80,534 | ||||||||||||||||
Accrued expenses | 152,950 | 79,629 | 44,319 | (4,967 | ) | 271,931 | |||||||||||||||
Deferred revenue | 93,306 | 7,958 | 31,055 | — | 132,319 | ||||||||||||||||
Deferred income tax liabilities | 59,346 | — | — | (19,536 | ) | 39,810 | |||||||||||||||
Intercompany payables | 2,418,089 | — | 64,411 | (2,482,500 | ) | — | |||||||||||||||
Total current liabilities | 3,315,368 | 130,248 | 149,793 | (2,507,003 | ) | 1,088,406 | |||||||||||||||
Long-term debt, net of current portion | 4,242,098 | — | — | — | 4,242,098 | ||||||||||||||||
Deferred income tax liabilities | 89,085 | 1,435,522 | 10,699 | — | 1,535,306 | ||||||||||||||||
Deferred service obligations – long-term | 11,251 | 3,511 | 12,864 | (2,170 | ) | 25,456 | |||||||||||||||
Other long-term liabilities | 96,990 | 37,598 | 33,456 | — | 168,044 | ||||||||||||||||
Total stockholders’ equity | 1,941,512 | 8,306,737 | 481,699 | (8,788,435 | ) | 1,941,513 | |||||||||||||||
Total liabilities and stockholders’ equity | $ | 9,696,304 | $ | 9,913,616 | $ | 688,511 | $ | (11,297,608 | ) | $ | 9,000,823 | ||||||||||
CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
For the Three Months Ended December 28, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
OPERATING ACTIVITIES | |||||||||||||||||||||
Net cash provided by operating activities | $ | 301,568 | $ | (141,991 | ) | $ | (10,311 | ) | $ | — | $ | 149,266 | |||||||||
INVESTING ACTIVITIES | |||||||||||||||||||||
Proceeds from sale of business, net | — | — | 2,431 | — | 2,431 | ||||||||||||||||
Purchase of property and equipment | (2,873 | ) | (3,210 | ) | (2,334 | ) | — | (8,417 | ) | ||||||||||||
Increase in equipment under customer usage agreements | (418 | ) | (4,265 | ) | (3,285 | ) | — | (7,968 | ) | ||||||||||||
Net sales (purchases) of insurance contracts | 13,841 | — | — | — | 13,841 | ||||||||||||||||
Purchases of mutual funds | (29,732 | ) | — | — | — | (29,732 | ) | ||||||||||||||
Sales of mutual funds | 15,891 | — | — | — | 15,891 | ||||||||||||||||
(Increase) decrease in other assets | 106 | (1,004 | ) | 469 | — | (429 | ) | ||||||||||||||
Net cash provided by (used in) investing activities | (3,185 | ) | (8,479 | ) | (2,719 | ) | — | (14,383 | ) | ||||||||||||
FINANCING ACTIVITIES | |||||||||||||||||||||
Repayment of long-term debt | (521,250 | ) | — | — | — | (521,250 | ) | ||||||||||||||
Net proceeds from issuance of common stock pursuant to employee stock plans | 12,906 | — | — | — | 12,906 | ||||||||||||||||
Excess tax benefit related to equity awards | 2,959 | — | — | — | 2,959 | ||||||||||||||||
Payment of employee restricted stock minimum tax withholdings | (9,054 | ) | — | — | — | (9,054 | ) | ||||||||||||||
Net cash used in financing activities | (514,439 | ) | — | — | — | (514,439 | ) | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | 88 | (534 | ) | — | (446 | ) | ||||||||||||||
Net decrease in cash and cash equivalents | (216,056 | ) | (150,382 | ) | (13,564 | ) | — | (380,002 | ) | ||||||||||||
Cash and cash equivalents, beginning of period | 321,523 | 387,422 | 113,545 | — | 822,490 | ||||||||||||||||
Cash and cash equivalents, end of period | $ | 105,467 | $ | 237,040 | $ | 99,981 | $ | — | $ | 442,488 | |||||||||||
CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
For the Three Months Ended December 29, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
OPERATING ACTIVITIES | |||||||||||||||||||||
Net cash provided by operating activities | $ | 112,839 | $ | 30,075 | $ | 12,111 | $ | — | $ | 155,025 | |||||||||||
INVESTING ACTIVITIES | |||||||||||||||||||||
Payment of additional acquisition consideration | (16,808 | ) | — | — | — | (16,808 | ) | ||||||||||||||
Proceeds from sale of business, net | — | 1,488 | — | 1,488 | |||||||||||||||||
Proceeds from sale of intellectual property | — | 60,000 | — | — | 60,000 | ||||||||||||||||
Purchase of property and equipment | (2,887 | ) | (6,037 | ) | (2,309 | ) | — | (11,233 | ) | ||||||||||||
Increase in equipment under customer usage agreements | (286 | ) | (7,172 | ) | (3,756 | ) | — | (11,214 | ) | ||||||||||||
Purchase of insurance contracts | (4,000 | ) | — | — | — | (4,000 | ) | ||||||||||||||
Purchase of cost-method investments | (3,400 | ) | (225 | ) | — | — | (3,625 | ) | |||||||||||||
(Increase) decrease in other assets | (1,967 | ) | (478 | ) | 3,589 | — | 1,144 | ||||||||||||||
Net cash provided by (used in) investing activities | (29,348 | ) | 46,088 | (988 | ) | — | 15,752 | ||||||||||||||
FINANCING ACTIVITIES | |||||||||||||||||||||
Repayment of long-term debt | (16,250 | ) | — | — | — | (16,250 | ) | ||||||||||||||
Payment of contingent consideration | (3,408 | ) | — | — | — | (3,408 | ) | ||||||||||||||
Net proceeds from issuance of common stock pursuant to employee stock plans | 12,777 | — | — | — | 12,777 | ||||||||||||||||
Excess tax benefit related to equity awards | 2,185 | — | — | — | 2,185 | ||||||||||||||||
Payment of employee restricted stock minimum tax withholdings | (7,885 | ) | — | — | — | (7,885 | ) | ||||||||||||||
Net cash used in financing activities | (12,581 | ) | — | — | — | (12,581 | ) | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | (2,387 | ) | 2,232 | — | (155 | ) | ||||||||||||||
Net increase in cash and cash equivalents | 70,910 | 73,776 | 13,355 | — | 158,041 | ||||||||||||||||
Cash and cash equivalents, beginning of period | 210,028 | 269,416 | 80,986 | — | 560,430 | ||||||||||||||||
Cash and cash equivalents, end of period | $ | 280,938 | $ | 343,192 | $ | 94,341 | $ | — | $ | 718,471 | |||||||||||
New_Accounting_Pronouncements_
New Accounting Pronouncements (Policies) | 3 Months Ended |
Dec. 28, 2013 | |
Accounting Changes And Error Corrections [Abstract] | ' |
New Accounting Pronouncements | ' |
New Accounting Pronouncements | |
In July 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exist. ASU 2013-11 amends the presentation requirements of ASC 740, Income Taxes, and requires an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, similar tax loss, or a tax credit carryforward. To the extent the tax benefit is not available at the reporting date under the governing tax law or if the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and not combined with deferred tax assets. The ASU is effective for annual periods, and interim periods within those years, beginning after December 15, 2013, which is fiscal 2015 for the Company. The amendments are to be applied to all unrecognized tax benefits that exist as of the effective date and may be applied retrospectively to each prior reporting period presented. The Company is currently evaluating the impact of the adoption of ASU 2013-11 on its consolidated financial statements. |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | ||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Assets and Liabilities Measured on Recurring Basis | ' | ||||||||||||||||
Assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following at December 28, 2013: | |||||||||||||||||
Fair Value at Reporting Date Using | |||||||||||||||||
Balance as of | Quoted Prices in | Significant | Significant | ||||||||||||||
December 28, | Active Market for | Other | Unobservable | ||||||||||||||
2013 | Identical Assets | Observable | Inputs (Level 3) | ||||||||||||||
(Level 1) | Inputs (Level 2) | ||||||||||||||||
Assets: | |||||||||||||||||
Marketable securities: | |||||||||||||||||
Equity security | $ | 16,907 | $ | 16,907 | $ | — | $ | — | |||||||||
Mutual funds | 21,243 | 21,243 | — | — | |||||||||||||
Total | $ | 38,150 | $ | 38,150 | $ | — | $ | — | |||||||||
Liabilities: | |||||||||||||||||
Deferred compensation liabilities | $ | 44,009 | $ | 44,009 | $ | — | $ | — | |||||||||
Contingent consideration | 3,647 | — | — | 3,647 | |||||||||||||
Total | $ | 47,656 | $ | 44,009 | $ | — | $ | 3,647 | |||||||||
Changes in Fair Value of Recurring Fair Value Measurements Using Significant Unobservable Inputs (Level 3),Consisting of Contingent Consideration Liabilities | ' | ||||||||||||||||
Changes in the fair value of recurring fair value measurements using significant unobservable inputs (Level 3), which solely consisted of contingent consideration liabilities, were as follows: | |||||||||||||||||
Three Months Ended | |||||||||||||||||
December 28, | December 29, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Balance at beginning of period | $ | 3,780 | $ | 86,368 | |||||||||||||
Fair value adjustments | — | 10,040 | |||||||||||||||
Payments made | (133 | ) | (3,408 | ) | |||||||||||||
Balance at end of period | $ | 3,647 | $ | 93,000 | |||||||||||||
Schedule of Estimated Fair Value of Buildings and Cost-Method Equity Investment Measured on Nonrecurring Basis | ' | ||||||||||||||||
The following chart depicts the level of inputs within the fair value hierarchy used to estimate the fair value of buildings and a cost-method equity investment measured on a nonrecurring basis for which the Company recorded impairment charges: | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted Prices in | Significant | Significant | Total Gains | |||||||||||||
Active Market for | Other | Unobservable | (Losses) | ||||||||||||||
Identical Assets | Observable | Inputs (Level 3) | |||||||||||||||
(Level 1) | Inputs (Level 2) | ||||||||||||||||
Fiscal 2014: | |||||||||||||||||
Buildings | $ | 1,388 | $ | 1,388 | $ | (3,132 | ) | ||||||||||
Cost-method equity investment | 778 | 778 | (705 | ) | |||||||||||||
$ | (3,837 | ) | |||||||||||||||
Estimated Fair Values of Convertible Notes | ' | ||||||||||||||||
The estimated fair values of the Company’s Convertible Notes were as follows: | |||||||||||||||||
December 28, | September 28, | ||||||||||||||||
2013 | 2013 | ||||||||||||||||
2007 Notes | $ | — | $ | 405,000 | |||||||||||||
2010 Notes | 527,900 | 510,800 | |||||||||||||||
2012 Notes | 509,400 | 518,800 | |||||||||||||||
2013 Notes | 391,500 | 385,700 | |||||||||||||||
$ | 1,428,800 | $ | 1,820,300 | ||||||||||||||
Restructuring_and_Divestiture_1
Restructuring and Divestiture Charges (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||||||||||||||
Charges Taken Related to Restructuring Actions | ' | ||||||||||||||||||||||||
The following table displays charges taken related to restructuring actions in fiscal 2014, 2013 and 2012 and a rollforward of the charges to the accrued balances as of December 28, 2013: | |||||||||||||||||||||||||
Restructuring and Divestiture Charges | Consolidation of | Closure of | Fiscal 2014 | Fiscal 2013 | Other | Total | |||||||||||||||||||
Diagnostics | Indianapolis | Actions | Actions | Operating | |||||||||||||||||||||
Operations | Facility | Cost | |||||||||||||||||||||||
Reductions | |||||||||||||||||||||||||
Fiscal 2012 charges: | |||||||||||||||||||||||||
Non-cash impairment charge | $ | 585 | $ | — | $ | — | $ | — | $ | — | $ | 585 | |||||||||||||
Purchase orders and other contractual obligations | — | — | — | — | 351 | 351 | |||||||||||||||||||
Workforce reductions | 14,202 | 879 | — | — | 168 | 15,249 | |||||||||||||||||||
Facility closure costs | — | — | — | — | 430 | 430 | |||||||||||||||||||
Other | — | 900 | — | — | — | 900 | |||||||||||||||||||
Total fiscal 2012 charges | $ | 14,787 | $ | 1,779 | $ | — | $ | — | $ | 949 | $ | 17,515 | |||||||||||||
Fiscal 2013 charges: | |||||||||||||||||||||||||
Workforce reductions | $ | 13,950 | $ | 4,805 | $ | — | $ | 11,332 | $ | 1,127 | $ | 31,214 | |||||||||||||
Facility closure costs | — | 173 | — | — | 377 | 550 | |||||||||||||||||||
Other | — | 651 | — | 42 | 236 | 929 | |||||||||||||||||||
Fiscal 2013 restructuring charges | $ | 13,950 | $ | 5,629 | $ | — | $ | 11,374 | $ | 1,740 | $ | 32,693 | |||||||||||||
Divestiture net charges | — | — | — | — | — | 112 | |||||||||||||||||||
Fiscal 2013 restructuring and divestiture charges | $ | 13,950 | $ | 5,629 | $ | — | $ | 11,374 | $ | 1,740 | $ | 32,805 | |||||||||||||
Fiscal 2014 charges: | |||||||||||||||||||||||||
Workforce reductions | $ | 796 | $ | 238 | $ | 12,933 | $ | 671 | $ | — | $ | 14,638 | |||||||||||||
Property impairment | — | — | — | — | 3,132 | 3,132 | |||||||||||||||||||
Facility closure costs | — | 445 | — | — | — | 445 | |||||||||||||||||||
Other | — | — | — | — | 49 | 49 | |||||||||||||||||||
Fiscal 2014 restructuring charges | $ | 796 | $ | 683 | $ | 12,933 | $ | 671 | $ | 3,181 | $ | 18,264 | |||||||||||||
Divestiture net charges | — | — | — | — | — | 86 | |||||||||||||||||||
Fiscal 2014 restructuring and divestiture charges | $ | 796 | $ | 683 | $ | 12,933 | $ | 671 | $ | 3,181 | $ | 18,350 | |||||||||||||
Charges Taken Related to Accrued Restructuring Actions | ' | ||||||||||||||||||||||||
Rollforward of Accrued Restructuring | |||||||||||||||||||||||||
Total fiscal 2012 charges | $ | 14,787 | $ | 1,779 | $ | — | $ | — | $ | 949 | $ | 17,515 | |||||||||||||
Non-cash impairment charges | (585 | ) | — | — | — | — | (585 | ) | |||||||||||||||||
Stock compensation | (3,500 | ) | — | — | — | — | (3,500 | ) | |||||||||||||||||
Severance payments | (2,423 | ) | — | — | — | (206 | ) | (2,629 | ) | ||||||||||||||||
Other payments | — | — | — | — | (781 | ) | (781 | ) | |||||||||||||||||
Acquired | 83 | — | — | — | — | 83 | |||||||||||||||||||
Foreign exchange and other adjustments | 22 | — | — | — | 91 | 113 | |||||||||||||||||||
Balance at September 29, 2012 | $ | 8,384 | $ | 1,779 | $ | — | $ | — | $ | 53 | $ | 10,216 | |||||||||||||
Fiscal 2013 restructuring charges | $ | 13,950 | $ | 5,629 | — | $ | 11,374 | $ | 1,740 | $ | 32,693 | ||||||||||||||
Stock compensation | (6,322 | ) | — | — | (1,595 | ) | — | (7,917 | ) | ||||||||||||||||
Non-cash impairment charges | — | — | — | — | (54 | ) | (54 | ) | |||||||||||||||||
Severance payments | (13,068 | ) | (3,048 | ) | — | (4,425 | ) | (897 | ) | (21,438 | ) | ||||||||||||||
Other payments | — | (566 | ) | — | (25 | ) | (560 | ) | (1,151 | ) | |||||||||||||||
Foreign exchange and other adjustments | (2 | ) | — | — | (14 | ) | 6 | (10 | ) | ||||||||||||||||
Balance at September 28, 2013 | $ | 2,942 | $ | 3,794 | $ | — | $ | 5,315 | $ | 288 | $ | 12,339 | |||||||||||||
Fiscal 2014 restructuring charges | $ | 796 | $ | 683 | $ | 12,934 | $ | 670 | $ | 3,181 | $ | 18,264 | |||||||||||||
Stock compensation | — | — | (4,731 | ) | (30 | ) | — | (4,761 | ) | ||||||||||||||||
Non-cash impairment charges | — | — | — | — | (3,132 | ) | (3,132 | ) | |||||||||||||||||
Severance payments | (251 | ) | (3,153 | ) | (3,748 | ) | (1,939 | ) | (268 | ) | (9,359 | ) | |||||||||||||
Other payments | — | (275 | ) | — | — | (49 | ) | (324 | ) | ||||||||||||||||
Foreign exchange and other adjustments | — | — | — | — | 5 | 5 | |||||||||||||||||||
Balance at December 28, 2013 | $ | 3,487 | $ | 1,049 | $ | 4,455 | $ | 4,016 | $ | 25 | $ | 13,032 | |||||||||||||
Borrowings_and_Credit_Arrangem1
Borrowings and Credit Arrangements (Tables) | 3 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Company's Borrowings | ' | ||||||||
Company’s borrowings consisted of the following: | |||||||||
December 28, 2013 | September 28, 2013 | ||||||||
Current debt obligations, net of debt discount: | |||||||||
Term Loan A | $ | 62,165 | $ | 49,713 | |||||
Term Loan B | 14,868 | 113,966 | |||||||
Convertible Notes | — | 400,133 | |||||||
Total current debt obligations | 77,033 | 563,812 | |||||||
Long-term debt obligations, net of debt discount: | |||||||||
Term Loan A | 870,315 | 894,834 | |||||||
Term Loan B | 1,155,973 | 1,159,272 | |||||||
Senior Notes | 1,000,000 | 1,000,000 | |||||||
Convertible Notes | 1,198,444 | 1,187,992 | |||||||
Total long-term debt obligations | 4,224,732 | 4,242,098 | |||||||
Total debt obligations | $ | 4,301,765 | $ | 4,805,910 | |||||
Convertible Notes and Related Equity Components | ' | ||||||||
The Convertible Notes and related equity components (recorded in additional paid-in-capital, net of deferred taxes) consisted of the following: | |||||||||
December 28, | September 28, | ||||||||
2013 | 2013 | ||||||||
2007 Notes principal amount | $ | — | $ | 405,000 | |||||
Unamortized discount | — | (4,867 | ) | ||||||
Net carrying amount | $ | — | $ | 400,133 | |||||
Equity component, net of taxes | $ | — | $ | 121,496 | |||||
2010 Notes principal amount | $ | 450,000 | $ | 450,000 | |||||
Unamortized discount | (54,193 | ) | (58,310 | ) | |||||
Net carrying amount | $ | 395,807 | $ | 391,690 | |||||
Equity component, net of taxes | $ | 60,054 | $ | 60,054 | |||||
2012 Notes principal amount | $ | 500,000 | $ | 500,000 | |||||
Unamortized discount | (32,851 | ) | (34,630 | ) | |||||
Net carrying amount | $ | 467,149 | $ | 465,370 | |||||
Equity component, net of taxes | $ | 49,195 | $ | 49,195 | |||||
2013 Notes principal amount | $ | 370,000 | $ | 370,000 | |||||
Principal accretion | 12,999 | 9,225 | |||||||
Unamortized discount | (47,511 | ) | (48,293 | ) | |||||
Net carrying amount | $ | 335,488 | $ | 330,932 | |||||
Equity component, net of taxes | $ | 131,451 | $ | 131,451 | |||||
Interest Expense under Convertible Notes | ' | ||||||||
Interest expense under the Convertible Notes is as follows: | |||||||||
Three months ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Amortization of debt discount | $ | 11,546 | $ | 15,644 | |||||
Amortization of deferred financing costs | 650 | 908 | |||||||
Principal accretion | 3,774 | — | |||||||
Non-cash interest expense | 15,970 | 16,552 | |||||||
2.00% accrued interest | 8,119 | 8,610 | |||||||
$ | 24,089 | $ | 25,162 | ||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 3 Months Ended | ||||||||||||
Dec. 28, 2013 | |||||||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||||||
Summary of Contingent Consideration Charges Recorded to the Consolidated Statements of Operations | ' | ||||||||||||
A summary of amounts recorded to the Consolidated Statements of Operations in the first quarter of fiscal 2013 is as follows: | |||||||||||||
Statement of Operations Line Item – 3 Months Ended December 29, 2012 | Interlace | TCT | Total | ||||||||||
Contingent consideration – compensation expense | $ | — | $ | 29,486 | $ | 29,486 | |||||||
Contingent consideration – fair value adjustments | 10,040 | — | 10,040 | ||||||||||
$ | 10,040 | $ | 29,486 | $ | 39,526 | ||||||||
Marketable_Securities_Tables
Marketable Securities (Tables) | 3 Months Ended | ||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||
Reconciles Cost Basis to Fair Market Value of Company's One Equity Security | ' | ||||||||||||||||
The following reconciles the cost basis to the fair market value of the Company’s one equity security: | |||||||||||||||||
Period Ended: | Cost | Gross Unrealized | Gross Unrealized | Fair Value | |||||||||||||
Gains | Losses | ||||||||||||||||
December 28, 2013 | $ | 5,931 | $ | 10,976 | $ | — | $ | 16,907 | |||||||||
September 28, 2013 | $ | 5,931 | $ | 12,156 | $ | — | $ | 18,087 |
Net_Loss_Income_Per_Share_Tabl
Net (Loss) Income Per Share (Tables) | 3 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Reconciliation of Basic and Diluted Share Amounts | ' | ||||||||
A reconciliation of basic and diluted share amounts are as follows: | |||||||||
Three Months Ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Basic weighted-average common shares outstanding | 272,708 | 266,344 | |||||||
Weighted-average common stock equivalents from assumed exercise of stock options and restricted stock units | — | 3,035 | |||||||
Diluted weighted-average common shares outstanding | 272,708 | 269,379 | |||||||
Weighted-average anti-dilutive shares related to: | |||||||||
Outstanding stock options | 7,199 | 8,207 | |||||||
Restricted stock units | 950 | — |
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 3 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||
Stock-Based Compensation Expense in Consolidated Statements of Operations | ' | ||||||||
The following presents stock-based compensation expense in the Company’s Consolidated Statements of Operations: | |||||||||
Three Months Ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Cost of revenues | $ | 1,510 | $ | 1,834 | |||||
Research and development | 1,873 | 1,868 | |||||||
Selling and marketing | 1,749 | 2,201 | |||||||
General and administrative | 3,833 | 5,941 | |||||||
Restructuring and divestiture | 4,761 | 222 | |||||||
$ | 13,726 | $ | 12,066 | ||||||
Weighted-Average Assumptions Utilized to Value Stock Options | ' | ||||||||
The Company uses a binomial model to determine the fair value of its stock options. The weighted-average assumptions utilized to value these stock options are indicated in the following table: | |||||||||
Three Months Ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Risk-free interest rate | 1.2 | % | 0.5 | % | |||||
Expected volatility | 41.4 | % | 43.7 | % | |||||
Expected life (in years) | 4.4 | 4.4 | |||||||
Dividend yield | — | — | |||||||
Weighted-average fair value of options granted | $ | 7.64 | $ | 7.06 |
Other_Balance_Sheet_Informatio1
Other Balance Sheet Information (Tables) | 3 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Text Block [Abstract] | ' | ||||||||
Other Balance Sheet Information of Inventories | ' | ||||||||
December 28, | September 28, | ||||||||
2013 | 2013 | ||||||||
Inventories | |||||||||
Raw materials | $ | 110,828 | $ | 115,575 | |||||
Work-in-process | 56,653 | 51,171 | |||||||
Finished goods | 134,228 | 122,617 | |||||||
$ | 301,709 | $ | 289,363 | ||||||
Other Balance Sheet Information of Property, Plant and Equipment | ' | ||||||||
Property, plant and equipment | |||||||||
Equipment and software | $ | 327,990 | $ | 318,473 | |||||
Equipment under customer usage agreements | 279,386 | 275,696 | |||||||
Building and improvements | 173,489 | 171,469 | |||||||
Leasehold improvements | 63,643 | 68,159 | |||||||
Land | 51,659 | 51,633 | |||||||
Furniture and fixtures | 16,654 | 22,628 | |||||||
912,821 | 908,058 | ||||||||
Less – accumulated depreciation and amortization | (433,086 | ) | (416,530 | ) | |||||
$ | 479,735 | $ | 491,528 | ||||||
Business_Segments_and_Geograph1
Business Segments and Geographic Information (Tables) | 3 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Segment Reporting [Abstract] | ' | ||||||||
Segment Information | ' | ||||||||
Segment information is as follows: | |||||||||
Three Months Ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Total revenues: | |||||||||
Diagnostics | $ | 285,766 | $ | 305,916 | |||||
Breast Health | 226,491 | 220,808 | |||||||
GYN Surgical | 78,854 | 80,909 | |||||||
Skeletal Health | 21,337 | 23,729 | |||||||
$ | 612,448 | $ | 631,362 | ||||||
Operating income: | |||||||||
Diagnostics | $ | 4,754 | $ | 14,295 | |||||
Breast Health | 43,849 | 44,946 | |||||||
GYN Surgical | 11,123 | 622 | |||||||
Skeletal Health | 1,559 | 3,366 | |||||||
$ | 61,285 | $ | 63,229 | ||||||
Depreciation and amortization: | |||||||||
Diagnostics | $ | 92,186 | $ | 91,542 | |||||
Breast Health | 9,361 | 9,930 | |||||||
GYN Surgical | 26,046 | 26,479 | |||||||
Skeletal Health | 226 | 204 | |||||||
$ | 127,819 | $ | 128,155 | ||||||
Capital expenditures: | |||||||||
Diagnostics | $ | 10,256 | $ | 13,853 | |||||
Breast Health | 1,805 | 3,580 | |||||||
GYN Surgical | 1,786 | 2,745 | |||||||
Skeletal Health | 142 | 179 | |||||||
Corporate | 2,396 | 2,090 | |||||||
$ | 16,385 | $ | 22,447 | ||||||
December 28, | September 28, | ||||||||
2013 | 2013 | ||||||||
Identifiable assets: | |||||||||
Diagnostics | $ | 4,598,845 | $ | 4,667,942 | |||||
Breast Health | 920,121 | 932,206 | |||||||
GYN Surgical | 1,825,174 | 1,849,518 | |||||||
Skeletal Health | 34,546 | 33,508 | |||||||
Corporate | 1,105,622 | 1,517,649 | |||||||
$ | 8,484,308 | $ | 9,000,823 | ||||||
Revenues by Geography | ' | ||||||||
Revenues by geography as a percentage of total revenues are as follows: | |||||||||
Three Months Ended | |||||||||
December 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
United States | 75 | % | 73 | % | |||||
Europe | 14 | % | 14 | % | |||||
Asia-Pacific | 7 | % | 9 | % | |||||
All others | 4 | % | 4 | % | |||||
100 | % | 100 | % | ||||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 3 Months Ended | ||||||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||
Rollforward of Goodwill Activity by Reportable Segment | ' | ||||||||||||||||||||
A rollforward of goodwill activity by reportable segment from September 28, 2013 to December 28, 2013 is as follows: | |||||||||||||||||||||
Breast Health | Diagnostics | GYN Surgical | Skeletal Health | Total | |||||||||||||||||
Balance at September 28, 2013 | $ | 636,365 | $ | 1,153,554 | $ | 1,016,456 | $ | 8,153 | $ | 2,814,528 | |||||||||||
Disposition of a portion of a reporting unit | — | (86 | ) | — | — | (86 | ) | ||||||||||||||
Tax adjustments | — | (151 | ) | — | — | (151 | ) | ||||||||||||||
Foreign currency and other | (1,662 | ) | 1,090 | 179 | 9 | (384 | ) | ||||||||||||||
Balance at December 28, 2013 | $ | 634,703 | $ | 1,154,407 | $ | 1,016,635 | $ | 8,162 | $ | 2,813,907 | |||||||||||
Schedule of Intangible Assets | ' | ||||||||||||||||||||
Intangible assets consisted of the following: | |||||||||||||||||||||
Description | As of December 28, 2013 | As of September 28, 2013 | |||||||||||||||||||
Gross | Accumulated | Gross | Accumulated | ||||||||||||||||||
Carrying | Amortization | Carrying | Amortization | ||||||||||||||||||
Value | Value | ||||||||||||||||||||
Developed technology | $ | 4,006,670 | $ | 1,170,604 | $ | 4,008,947 | $ | 1,094,435 | |||||||||||||
In-process research and development | 24,000 | — | 24,000 | — | |||||||||||||||||
Customer relationships and contracts | 1,102,221 | 318,695 | 1,101,870 | 296,481 | |||||||||||||||||
Trade names | 238,071 | 85,817 | 238,103 | 81,844 | |||||||||||||||||
Patents | 13,153 | 8,558 | 13,026 | 8,495 | |||||||||||||||||
Business licenses | 2,669 | 689 | 2,647 | 616 | |||||||||||||||||
Non-competition agreements | 285 | 285 | 296 | 296 | |||||||||||||||||
Totals | $ | 5,387,069 | $ | 1,584,648 | $ | 5,388,889 | $ | 1,482,167 | |||||||||||||
Schedule of Estimated Amortization Expense | ' | ||||||||||||||||||||
The estimated remaining amortization expense as of December 28, 2013 for each of the five succeeding fiscal years is as follows: | |||||||||||||||||||||
Remainder of Fiscal 2014 | $ | 307,704 | |||||||||||||||||||
Fiscal 2015 | $ | 395,750 | |||||||||||||||||||
Fiscal 2016 | $ | 381,987 | |||||||||||||||||||
Fiscal 2017 | $ | 372,751 | |||||||||||||||||||
Fiscal 2018 | $ | 362,226 |
Product_Warranties_Tables
Product Warranties (Tables) | 3 Months Ended | ||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||
Guarantees [Abstract] | ' | ||||||||||||||||
Product Warranty | ' | ||||||||||||||||
Product warranty activity was as follows: | |||||||||||||||||
Balance at | Provisions | Settlements/ | Balance at | ||||||||||||||
Beginning of | Adjustments | End of Period | |||||||||||||||
Period | |||||||||||||||||
Three Months Ended: | |||||||||||||||||
December 28, 2013 | $ | 9,258 | $ | 2,016 | $ | (2,357 | ) | $ | 8,917 | ||||||||
December 29, 2012 | $ | 6,179 | $ | 3,131 | $ | (2,739 | ) | $ | 6,571 |
Supplemental_Guarantor_Condens1
Supplemental Guarantor Condensed Consolidating Financials (Tables) | 3 Months Ended | ||||||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||||||
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ||||||||||||||||||||
Schedule of Supplemental Condensed Consolidating Statement of Operations | ' | ||||||||||||||||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
For the Three Months Ended December 28, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
Revenues: | |||||||||||||||||||||
Product sales | $ | 105,456 | $ | 381,568 | $ | 126,403 | $ | (101,045 | ) | $ | 512,382 | ||||||||||
Service and other revenues | 85,946 | 15,873 | 11,744 | (13,497 | ) | 100,066 | |||||||||||||||
191,402 | 397,441 | 138,147 | (114,542 | ) | 612,448 | ||||||||||||||||
Costs and expenses: | |||||||||||||||||||||
Cost of product sales | 52,873 | 138,760 | 86,290 | (101,045 | ) | 176,878 | |||||||||||||||
Cost of product sales – amortization of intangible assets | 1,397 | 74,109 | 1,160 | — | 76,666 | ||||||||||||||||
Cost of service and other revenues | 42,320 | 7,642 | 16,843 | (13,497 | ) | 53,308 | |||||||||||||||
Research and development | 7,517 | 38,851 | 2,301 | — | 48,669 | ||||||||||||||||
Selling and marketing | 17,926 | 42,775 | 22,556 | — | 83,257 | ||||||||||||||||
General and administrative | 14,656 | 41,494 | 11,669 | — | 67,819 | ||||||||||||||||
Amortization of intangible assets | 779 | 24,163 | 1,274 | — | 26,216 | ||||||||||||||||
Restructuring and divestiture charges | 4,990 | 9,756 | 3,604 | — | 18,350 | ||||||||||||||||
142,458 | 377,550 | 145,697 | (114,542 | ) | 551,163 | ||||||||||||||||
Income from operations | 48,944 | 19,891 | (7,550 | ) | — | 61,285 | |||||||||||||||
Interest income | 99 | 305 | 194 | (242 | ) | 356 | |||||||||||||||
Interest expense | (60,654 | ) | (308 | ) | (570 | ) | 242 | (61,290 | ) | ||||||||||||
Debt extinguishment loss | (2,940 | ) | — | — | — | (2,940 | ) | ||||||||||||||
Other income (expense), net | 9,565 | (9,344 | ) | 949 | — | 1,170 | |||||||||||||||
(Loss) income before income taxes | (4,986 | ) | 10,544 | (6,977 | ) | — | (1,419 | ) | |||||||||||||
Provision (benefit) for income taxes | (59 | ) | 1,560 | 2,431 | — | 3,932 | |||||||||||||||
Equity in earnings (losses) of subsidiaries | (424 | ) | 10,088 | — | (9,664 | ) | — | ||||||||||||||
Net (loss) income | $ | (5,351 | ) | $ | 19,072 | $ | (9,408 | ) | $ | (9,664 | ) | $ | (5,351 | ) | |||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS | |||||||||||||||||||||
For the Three Months Ended December 29, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
Revenues: | |||||||||||||||||||||
Product sales | $ | 98,043 | $ | 379,771 | $ | 131,127 | $ | (75,687 | ) | $ | 533,254 | ||||||||||
Service and other revenues | 77,960 | 21,141 | 11,820 | (12,813 | ) | 98,108 | |||||||||||||||
176,003 | 400,912 | 142,947 | (88,500 | ) | 631,362 | ||||||||||||||||
Costs and expenses: | |||||||||||||||||||||
Cost of product sales | 53,520 | 163,895 | 80,599 | (75,687 | ) | 222,327 | |||||||||||||||
Cost of product sales – amortization of intangible assets | 1,306 | 72,917 | 1,064 | — | 75,287 | ||||||||||||||||
Cost of service and other revenues | 38,378 | 15,591 | 10,919 | (12,813 | ) | 52,075 | |||||||||||||||
Research and development | 7,418 | 41,753 | 2,338 | — | 51,509 | ||||||||||||||||
Selling and marketing | 20,773 | 47,365 | 26,305 | — | 94,443 | ||||||||||||||||
General and administrative | 15,320 | 31,016 | 8,055 | — | 54,391 | ||||||||||||||||
Amortization of intangible assets | 678 | 26,649 | 1,199 | — | 28,526 | ||||||||||||||||
Contingent consideration – compensation expense | 29,486 | — | — | — | 29,486 | ||||||||||||||||
Contingent consideration – fair value adjustments | 10,040 | — | — | — | 10,040 | ||||||||||||||||
Gain on sale of intellectual property | — | (53,884 | ) | — | — | (53,884 | ) | ||||||||||||||
Restructuring and divestiture charges | 221 | 3,286 | 426 | — | 3,933 | ||||||||||||||||
177,140 | 348,588 | 130,905 | (88,500 | ) | 568,133 | ||||||||||||||||
Income (loss) from operations | (1,137 | ) | 52,324 | 12,042 | — | 63,229 | |||||||||||||||
Interest income | 131 | 42 | 87 | — | 260 | ||||||||||||||||
Interest expense | (71,254 | ) | (314 | ) | (513 | ) | — | (72,081 | ) | ||||||||||||
Other income (expense), net | 119 | (4,046 | ) | 5,180 | (14 | ) | 1,239 | ||||||||||||||
(Loss) income before income taxes | (72,141 | ) | 48,006 | 16,796 | (14 | ) | (7,353 | ) | |||||||||||||
(Benefit) provision for income taxes | (11,747 | ) | (3,114 | ) | 4,390 | — | (10,471 | ) | |||||||||||||
Equity in earnings (losses) of subsidiaries | 63,512 | 10,934 | — | (74,446 | ) | — | |||||||||||||||
Net income (loss) | $ | 3,118 | $ | 62,054 | $ | 12,406 | $ | (74,460 | ) | $ | 3,118 | ||||||||||
Schedule of Supplemental Condensed Consolidating Statements of Comprehensive Income | ' | ||||||||||||||||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME | |||||||||||||||||||||
For the Three Months Ended December 28, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
Net (loss) income | $ | (5,351 | ) | $ | 19,072 | $ | (9,408 | ) | $ | (9,664 | ) | $ | (5,351 | ) | |||||||
Change in cumulative translation adjustment | — | 89 | (1,277 | ) | — | (1,188 | ) | ||||||||||||||
Unrealized loss on available-for-sale security | — | (1,180 | ) | — | — | (1,180 | ) | ||||||||||||||
Adjustment to minimum pension liability, net of taxes | — | — | (615 | ) | — | (615 | ) | ||||||||||||||
Comprehensive (loss) income | $ | (5,351 | ) | $ | 17,981 | $ | (11,300 | ) | $ | (9,664 | ) | $ | (8,334 | ) | |||||||
For the Three Months Ended December 29, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
Net income (loss) | $ | 3,118 | $ | 62,054 | $ | 12,406 | $ | (74,460 | ) | $ | 3,118 | ||||||||||
Change in cumulative translation adjustment | — | 577 | 1,392 | — | 1,969 | ||||||||||||||||
Unrealized loss on available-for-sale security | — | (557 | ) | — | — | (557 | ) | ||||||||||||||
Comprehensive income (loss) | $ | 3,118 | $ | 62,074 | $ | 13,798 | $ | (74,460 | ) | $ | 4,530 | ||||||||||
Schedule of Supplemental Condensed Consolidating Balance Sheet | ' | ||||||||||||||||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||
December 28, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 105,467 | $ | 237,040 | $ | 99,981 | $ | — | $ | 442,488 | |||||||||||
Restricted cash | — | — | 6,149 | — | 6,149 | ||||||||||||||||
Accounts receivable, net | 112,650 | 177,153 | 104,668 | — | 394,471 | ||||||||||||||||
Inventories | 84,863 | 164,027 | 52,819 | — | 301,709 | ||||||||||||||||
Deferred income tax assets | 14,953 | 19,665 | 735 | — | 35,353 | ||||||||||||||||
Prepaid expenses and other current assets | 17,398 | 18,199 | 11,172 | — | 46,769 | ||||||||||||||||
Prepaid income taxes | — | 2,475 | — | (2,475 | ) | — | |||||||||||||||
Intercompany receivables | — | 2,512,661 | 38,572 | (2,551,233 | ) | — | |||||||||||||||
Total current assets | 335,331 | 3,131,220 | 314,096 | (2,553,708 | ) | 1,226,939 | |||||||||||||||
Property, plant and equipment, net | 29,489 | 347,764 | 102,482 | — | 479,735 | ||||||||||||||||
Intangible assets, net | 17,730 | 3,686,929 | 97,762 | — | 3,802,421 | ||||||||||||||||
Goodwill | 282,448 | 2,391,882 | 139,577 | — | 2,813,907 | ||||||||||||||||
Long-term intercompany notes receivable | — | 144,000 | — | (144,000 | ) | — | |||||||||||||||
Other assets | 110,033 | 49,424 | 1,849 | — | 161,306 | ||||||||||||||||
Investment in subsidiaries | 8,669,060 | 199,034 | 279 | (8,868,373 | ) | — | |||||||||||||||
Total assets | $ | 9,444,091 | $ | 9,950,253 | $ | 656,045 | $ | (11,566,081 | ) | $ | 8,484,308 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Current portion of long-term debt | $ | 77,033 | $ | — | $ | — | $ | — | $ | 77,033 | |||||||||||
Accounts payable | 28,610 | 51,945 | 10,411 | — | 90,966 | ||||||||||||||||
Accrued expenses | 216,379 | 66,514 | 43,978 | (2,741 | ) | 324,130 | |||||||||||||||
Deferred revenue | 99,648 | 8,404 | 28,076 | — | 136,128 | ||||||||||||||||
Intercompany payables | 2,511,416 | — | 42,576 | (2,553,992 | ) | — | |||||||||||||||
Total current liabilities | 2,933,086 | 126,863 | 125,041 | (2,556,733 | ) | 628,257 | |||||||||||||||
Long-term debt, net of current portion | 4,224,732 | — | — | — | 4,224,732 | ||||||||||||||||
Deferred income tax liabilities | 75,995 | 1,398,678 | 10,792 | — | 1,485,465 | ||||||||||||||||
Deferred service obligations – long-term | 9,844 | 3,476 | 10,936 | — | 24,256 | ||||||||||||||||
Other long-term liabilities | 105,903 | 29,774 | 35,390 | — | 171,067 | ||||||||||||||||
Long-term intercompany notes payable | 144,000 | — | — | (144,000 | ) | — | |||||||||||||||
Total stockholders’ equity | 1,950,531 | 8,391,462 | 473,886 | (8,865,348 | ) | 1,950,531 | |||||||||||||||
Total liabilities and stockholders’ equity | $ | 9,444,091 | $ | 9,950,253 | $ | 656,045 | $ | (11,566,081 | ) | $ | 8,484,308 | ||||||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||
September 28, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 321,523 | $ | 387,422 | $ | 113,545 | $ | — | $ | 822,490 | |||||||||||
Restricted cash | — | — | 6,914 | — | 6,914 | ||||||||||||||||
Accounts receivable, net | 126,036 | 174,433 | 108,804 | — | 409,273 | ||||||||||||||||
Inventories | 81,924 | 146,678 | 60,761 | — | 289,363 | ||||||||||||||||
Deferred income tax assets | — | 19,042 | 494 | (19,536 | ) | — | |||||||||||||||
Prepaid income taxes | 47,131 | 2,303 | — | (4,689 | ) | 44,745 | |||||||||||||||
Prepaid expenses and other current assets | 16,246 | 21,112 | 11,003 | — | 48,361 | ||||||||||||||||
Intercompany receivables | — | 2,442,502 | 31,949 | (2,474,451 | ) | — | |||||||||||||||
Other current assets – assets held-for-sale | — | — | 2,997 | — | 2,997 | ||||||||||||||||
Total current assets | 592,860 | 3,193,492 | 336,467 | (2,498,676 | ) | 1,624,143 | |||||||||||||||
Property, plant and equipment, net | 29,313 | 356,736 | 105,479 | — | 491,528 | ||||||||||||||||
Intangible assets, net | 19,925 | 3,784,987 | 101,810 | — | 3,906,722 | ||||||||||||||||
Goodwill | 283,038 | 2,390,939 | 140,551 | — | 2,814,528 | ||||||||||||||||
Other assets | 103,548 | 58,446 | 1,908 | — | 163,902 | ||||||||||||||||
Investments in subsidiaries | 8,667,620 | 129,016 | 2,296 | (8,798,932 | ) | — | |||||||||||||||
Total assets | $ | 9,696,304 | $ | 9,913,616 | $ | 688,511 | $ | (11,297,608 | ) | $ | 9,000,823 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Current portion of long-term debt | $ | 563,812 | $ | — | $ | — | $ | — | $ | 563,812 | |||||||||||
Accounts payable | 27,865 | 42,661 | 10,008 | — | 80,534 | ||||||||||||||||
Accrued expenses | 152,950 | 79,629 | 44,319 | (4,967 | ) | 271,931 | |||||||||||||||
Deferred revenue | 93,306 | 7,958 | 31,055 | — | 132,319 | ||||||||||||||||
Deferred income tax liabilities | 59,346 | — | — | (19,536 | ) | 39,810 | |||||||||||||||
Intercompany payables | 2,418,089 | — | 64,411 | (2,482,500 | ) | — | |||||||||||||||
Total current liabilities | 3,315,368 | 130,248 | 149,793 | (2,507,003 | ) | 1,088,406 | |||||||||||||||
Long-term debt, net of current portion | 4,242,098 | — | — | — | 4,242,098 | ||||||||||||||||
Deferred income tax liabilities | 89,085 | 1,435,522 | 10,699 | — | 1,535,306 | ||||||||||||||||
Deferred service obligations – long-term | 11,251 | 3,511 | 12,864 | (2,170 | ) | 25,456 | |||||||||||||||
Other long-term liabilities | 96,990 | 37,598 | 33,456 | — | 168,044 | ||||||||||||||||
Total stockholders’ equity | 1,941,512 | 8,306,737 | 481,699 | (8,788,435 | ) | 1,941,513 | |||||||||||||||
Total liabilities and stockholders’ equity | $ | 9,696,304 | $ | 9,913,616 | $ | 688,511 | $ | (11,297,608 | ) | $ | 9,000,823 | ||||||||||
Schedule of Consolidating Statement of Cash Flows | ' | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
For the Three Months Ended December 28, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
OPERATING ACTIVITIES | |||||||||||||||||||||
Net cash provided by operating activities | $ | 301,568 | $ | (141,991 | ) | $ | (10,311 | ) | $ | — | $ | 149,266 | |||||||||
INVESTING ACTIVITIES | |||||||||||||||||||||
Proceeds from sale of business, net | — | — | 2,431 | — | 2,431 | ||||||||||||||||
Purchase of property and equipment | (2,873 | ) | (3,210 | ) | (2,334 | ) | — | (8,417 | ) | ||||||||||||
Increase in equipment under customer usage agreements | (418 | ) | (4,265 | ) | (3,285 | ) | — | (7,968 | ) | ||||||||||||
Net sales (purchases) of insurance contracts | 13,841 | — | — | — | 13,841 | ||||||||||||||||
Purchases of mutual funds | (29,732 | ) | — | — | — | (29,732 | ) | ||||||||||||||
Sales of mutual funds | 15,891 | — | — | — | 15,891 | ||||||||||||||||
(Increase) decrease in other assets | 106 | (1,004 | ) | 469 | — | (429 | ) | ||||||||||||||
Net cash provided by (used in) investing activities | (3,185 | ) | (8,479 | ) | (2,719 | ) | — | (14,383 | ) | ||||||||||||
FINANCING ACTIVITIES | |||||||||||||||||||||
Repayment of long-term debt | (521,250 | ) | — | — | — | (521,250 | ) | ||||||||||||||
Net proceeds from issuance of common stock pursuant to employee stock plans | 12,906 | — | — | — | 12,906 | ||||||||||||||||
Excess tax benefit related to equity awards | 2,959 | — | — | — | 2,959 | ||||||||||||||||
Payment of employee restricted stock minimum tax withholdings | (9,054 | ) | — | — | — | (9,054 | ) | ||||||||||||||
Net cash used in financing activities | (514,439 | ) | — | — | — | (514,439 | ) | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | 88 | (534 | ) | — | (446 | ) | ||||||||||||||
Net decrease in cash and cash equivalents | (216,056 | ) | (150,382 | ) | (13,564 | ) | — | (380,002 | ) | ||||||||||||
Cash and cash equivalents, beginning of period | 321,523 | 387,422 | 113,545 | — | 822,490 | ||||||||||||||||
Cash and cash equivalents, end of period | $ | 105,467 | $ | 237,040 | $ | 99,981 | $ | — | $ | 442,488 | |||||||||||
CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||
For the Three Months Ended December 29, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
OPERATING ACTIVITIES | |||||||||||||||||||||
Net cash provided by operating activities | $ | 112,839 | $ | 30,075 | $ | 12,111 | $ | — | $ | 155,025 | |||||||||||
INVESTING ACTIVITIES | |||||||||||||||||||||
Payment of additional acquisition consideration | (16,808 | ) | — | — | — | (16,808 | ) | ||||||||||||||
Proceeds from sale of business, net | — | 1,488 | — | 1,488 | |||||||||||||||||
Proceeds from sale of intellectual property | — | 60,000 | — | — | 60,000 | ||||||||||||||||
Purchase of property and equipment | (2,887 | ) | (6,037 | ) | (2,309 | ) | — | (11,233 | ) | ||||||||||||
Increase in equipment under customer usage agreements | (286 | ) | (7,172 | ) | (3,756 | ) | — | (11,214 | ) | ||||||||||||
Purchase of insurance contracts | (4,000 | ) | — | — | — | (4,000 | ) | ||||||||||||||
Purchase of cost-method investments | (3,400 | ) | (225 | ) | — | — | (3,625 | ) | |||||||||||||
(Increase) decrease in other assets | (1,967 | ) | (478 | ) | 3,589 | — | 1,144 | ||||||||||||||
Net cash provided by (used in) investing activities | (29,348 | ) | 46,088 | (988 | ) | — | 15,752 | ||||||||||||||
FINANCING ACTIVITIES | |||||||||||||||||||||
Repayment of long-term debt | (16,250 | ) | — | — | — | (16,250 | ) | ||||||||||||||
Payment of contingent consideration | (3,408 | ) | — | — | — | (3,408 | ) | ||||||||||||||
Net proceeds from issuance of common stock pursuant to employee stock plans | 12,777 | — | — | — | 12,777 | ||||||||||||||||
Excess tax benefit related to equity awards | 2,185 | — | — | — | 2,185 | ||||||||||||||||
Payment of employee restricted stock minimum tax withholdings | (7,885 | ) | — | — | — | (7,885 | ) | ||||||||||||||
Net cash used in financing activities | (12,581 | ) | — | — | — | (12,581 | ) | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | (2,387 | ) | 2,232 | — | (155 | ) | ||||||||||||||
Net increase in cash and cash equivalents | 70,910 | 73,776 | 13,355 | — | 158,041 | ||||||||||||||||
Cash and cash equivalents, beginning of period | 210,028 | 269,416 | 80,986 | — | 560,430 | ||||||||||||||||
Cash and cash equivalents, end of period | $ | 280,938 | $ | 343,192 | $ | 94,341 | $ | — | $ | 718,471 | |||||||||||
Basis_of_Presentation_Addition
Basis of Presentation - Additional Information (Detail) (USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Dec. 29, 2012 |
Service and Other Revenues [Member] | ' |
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ' |
Reclassification value | $1.90 |
Cost of Service and Other Revenues [Member] | ' |
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ' |
Reclassification value | $1.20 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements - Fair Value Assets and Liabilities Measured on Recurring Basis (Detail) (USD $) | Dec. 28, 2013 |
In Thousands, unless otherwise specified | |
Assets: | ' |
Assets measured at fair value on a recurring basis | $38,150 |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | 47,656 |
Equity Security [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | 16,907 |
Mutual Funds [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | 21,243 |
Deferred Compensation Liabilities [Member] | ' |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | 44,009 |
Contingent Consideration [Member] | ' |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | 3,647 |
Quoted Prices in Active Market for Identical Assets (Level 1) [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | 38,150 |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | 44,009 |
Quoted Prices in Active Market for Identical Assets (Level 1) [Member] | Equity Security [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | 16,907 |
Quoted Prices in Active Market for Identical Assets (Level 1) [Member] | Mutual Funds [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | 21,243 |
Quoted Prices in Active Market for Identical Assets (Level 1) [Member] | Deferred Compensation Liabilities [Member] | ' |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | 44,009 |
Quoted Prices in Active Market for Identical Assets (Level 1) [Member] | Contingent Consideration [Member] | ' |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | ' |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | ' |
Significant Other Observable Inputs (Level 2) [Member] | Equity Security [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | ' |
Significant Other Observable Inputs (Level 2) [Member] | Mutual Funds [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | ' |
Significant Other Observable Inputs (Level 2) [Member] | Deferred Compensation Liabilities [Member] | ' |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | ' |
Significant Other Observable Inputs (Level 2) [Member] | Contingent Consideration [Member] | ' |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | ' |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | 3,647 |
Significant Unobservable Inputs (Level 3) [Member] | Equity Security [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | ' |
Significant Unobservable Inputs (Level 3) [Member] | Mutual Funds [Member] | ' |
Assets: | ' |
Assets measured at fair value on a recurring basis | ' |
Significant Unobservable Inputs (Level 3) [Member] | Deferred Compensation Liabilities [Member] | ' |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | ' |
Significant Unobservable Inputs (Level 3) [Member] | Contingent Consideration [Member] | ' |
Liabilities: | ' |
Liabilities measured at fair value on a recurring basis | $3,647 |
Fair_Value_Measurements_Change
Fair Value Measurements - Changes in Fair Value of Recurring Fair Value Measurements Using Significant Unobservable Inputs (Level 3), Consisting of Contingent Consideration Liabilities (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Fair Value Disclosures [Abstract] | ' | ' |
Balance at beginning of period | $3,780 | $86,368 |
Fair value adjustments | ' | 10,040 |
Payments made | -133 | -3,408 |
Balance at end of period | $3,647 | $93,000 |
Fair_Value_Measurements_Additi
Fair Value Measurements - Additional Information (Detail) (USD $) | 3 Months Ended | |
Dec. 28, 2013 | Sep. 28, 2013 | |
Fair Value Measurement [Line Items] | ' | ' |
Asset impairment charge | $3,132,000 | ' |
Cost-method equity investments in non-publicly traded securities | 11,700,000 | 12,600,000 |
Other-than-temporary impairment charge | 700,000 | ' |
Fair value of Senior Notes | 1,060,000,000 | ' |
Credit Agreement [Member] | ' | ' |
Fair Value Measurement [Line Items] | ' | ' |
Borrowed principal under credit agreement | $2,120,000,000 | ' |
Fair_Value_Measurements_Schedu
Fair Value Measurements - Schedule of Estimated Fair Value of Buildings and Cost-Method Equity Investment Measured on Nonrecurring Basis (Detail) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Dec. 28, 2013 |
Assets And Liabilities Carrying Value And Fair Value [Line Items] | ' |
Buildings, Total Gains (Losses) | ($3,132) |
Fair Value, Measurements, Nonrecurring [Member] | ' |
Assets And Liabilities Carrying Value And Fair Value [Line Items] | ' |
Buildings | 1,388 |
Cost-method equity investment | 778 |
Buildings, Total Gains (Losses) | -3,132 |
Cost-method equity investment, Total Gains (Losses) | -705 |
Total Gains (Losses) | -3,837 |
Quoted Prices in Active Market for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' |
Assets And Liabilities Carrying Value And Fair Value [Line Items] | ' |
Buildings | ' |
Cost-method equity investment | ' |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' |
Assets And Liabilities Carrying Value And Fair Value [Line Items] | ' |
Buildings | ' |
Cost-method equity investment | ' |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' |
Assets And Liabilities Carrying Value And Fair Value [Line Items] | ' |
Buildings | 1,388 |
Cost-method equity investment | $778 |
Fair_Value_Measurements_Estima
Fair Value Measurements - Estimated Fair Values of Convertible Notes (Detail) (USD $) | Dec. 28, 2013 | Sep. 28, 2013 |
In Thousands, unless otherwise specified | ||
Estimated Fair Value Of Financial Instruments [Line Items] | ' | ' |
Estimated fair values of debt instruments | $1,428,800 | $1,820,300 |
2007 Notes [Member] | ' | ' |
Estimated Fair Value Of Financial Instruments [Line Items] | ' | ' |
Estimated fair values of debt instruments | ' | 405,000 |
2010 Notes [Member] | ' | ' |
Estimated Fair Value Of Financial Instruments [Line Items] | ' | ' |
Estimated fair values of debt instruments | 527,900 | 510,800 |
2012 Notes [Member] | ' | ' |
Estimated Fair Value Of Financial Instruments [Line Items] | ' | ' |
Estimated fair values of debt instruments | 509,400 | 518,800 |
2013 Notes [Member] | ' | ' |
Estimated Fair Value Of Financial Instruments [Line Items] | ' | ' |
Estimated fair values of debt instruments | $391,500 | $385,700 |
Restructuring_and_Divestiture_2
Restructuring and Divestiture Charges - Charges Taken Related to Restructuring Actions (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Sep. 29, 2012 | Sep. 28, 2013 | Dec. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Dec. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Sep. 28, 2013 | Dec. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Dec. 28, 2013 |
Fiscal 2012 Charges [Member] | Fiscal 2013 Charges [Member] | Fiscal 2014 Charges [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Closure of Indianapolis Facility [Member] | Closure of Indianapolis Facility [Member] | Closure of Indianapolis Facility [Member] | Fiscal 2014 Actions [Member] | Fiscal 2013 Actions [Member] | Fiscal 2013 Actions [Member] | Other Operating Cost Reductions [Member] | Other Operating Cost Reductions [Member] | Other Operating Cost Reductions [Member] | |||
Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Fiscal 2012 Charges [Member] | Fiscal 2013 Charges [Member] | Fiscal 2014 Charges [Member] | Fiscal 2012 Charges [Member] | Fiscal 2013 Charges [Member] | Fiscal 2014 Charges [Member] | Fiscal 2014 Charges [Member] | Fiscal 2013 Charges [Member] | Fiscal 2014 Charges [Member] | Fiscal 2012 Charges [Member] | Fiscal 2013 Charges [Member] | Fiscal 2014 Charges [Member] | |||
Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | ||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Workforce reductions | ' | ' | $15,249 | $31,214 | $14,638 | $14,202 | $13,950 | $796 | $879 | $4,805 | $238 | $12,933 | $11,332 | $671 | $168 | $1,127 | ' |
Non-cash impairment charge | 3,132 | ' | 585 | 54 | 3,132 | 585 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 54 | 3,132 |
Purchase orders and other contractual obligations | ' | ' | 351 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 351 | ' | ' |
Facility closure costs | ' | ' | 430 | 550 | 445 | ' | ' | ' | ' | 173 | 445 | ' | ' | ' | 430 | 377 | ' |
Other | ' | ' | 900 | 929 | 49 | ' | ' | ' | 900 | 651 | ' | ' | 42 | ' | ' | 236 | 49 |
Fiscal 2013 restructuring charges | ' | ' | 17,515 | 32,693 | 18,264 | 14,787 | 13,950 | 796 | 1,779 | 5,629 | 683 | 12,933 | 11,374 | 671 | 949 | 1,740 | 3,181 |
Divestiture net charges | ' | ' | ' | 112 | 86 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fiscal 2013 restructuring and divestiture charges | $18,350 | $3,933 | ' | $32,805 | $18,350 | ' | $13,950 | $796 | ' | $5,629 | $683 | $12,933 | $11,374 | $671 | ' | $1,740 | $3,181 |
Restructuring_and_Divestiture_3
Restructuring and Divestiture Charges - Charges Taken Related to Accrued Restructuring Actions (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Dec. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Dec. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Sep. 28, 2013 | Dec. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Dec. 28, 2013 |
Fiscal 2012 Charges [Member] | Fiscal 2013 Charges [Member] | Fiscal 2014 Charges [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Closure of Indianapolis Facility [Member] | Closure of Indianapolis Facility [Member] | Closure of Indianapolis Facility [Member] | Fiscal 2014 Actions [Member] | Fiscal 2013 Actions [Member] | Fiscal 2013 Actions [Member] | Other Operating Cost Reductions [Member] | Other Operating Cost Reductions [Member] | Other Operating Cost Reductions [Member] | ||
Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Fiscal 2012 Charges [Member] | Fiscal 2013 Charges [Member] | Fiscal 2014 Charges [Member] | Fiscal 2012 Charges [Member] | Fiscal 2013 Charges [Member] | Fiscal 2014 Charges [Member] | Fiscal 2014 Charges [Member] | Fiscal 2013 Charges [Member] | Fiscal 2014 Charges [Member] | Fiscal 2012 Charges [Member] | Fiscal 2013 Charges [Member] | Fiscal 2014 Charges [Member] | ||
Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | Restructuring [Member] | |||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fiscal 2013 restructuring charges | ' | $17,515 | $32,693 | $18,264 | $14,787 | $13,950 | $796 | $1,779 | $5,629 | $683 | $12,933 | $11,374 | $671 | $949 | $1,740 | $3,181 |
Non-cash impairment charges | -3,132 | -585 | -54 | -3,132 | -585 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -54 | -3,132 |
Stock compensation | ' | -3,500 | -7,917 | -4,761 | -3,500 | -6,322 | ' | ' | ' | ' | -4,731 | -1,595 | -30 | ' | ' | ' |
Severance payments | ' | -2,629 | -21,438 | -9,359 | -2,423 | -13,068 | -251 | ' | -3,048 | -3,153 | -3,748 | -4,425 | -1,939 | -206 | -897 | -268 |
Other payments | ' | -781 | -1,151 | -324 | ' | ' | ' | ' | -566 | -275 | ' | -25 | ' | -781 | -560 | -49 |
Acquired | ' | 83 | ' | ' | 83 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign exchange and other adjustments | ' | 113 | -10 | 5 | 22 | -2 | ' | ' | ' | ' | ' | -14 | ' | 91 | 6 | 5 |
Balance | ' | $10,216 | $12,339 | $13,032 | $8,384 | $2,942 | $3,487 | $1,779 | $3,794 | $1,049 | $4,455 | $5,315 | $4,016 | $53 | $288 | $25 |
Restructuring_and_Divestiture_4
Restructuring and Divestiture Charges - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||||||||
Dec. 28, 2013 | Sep. 28, 2013 | Jun. 29, 2013 | Mar. 30, 2013 | Sep. 28, 2013 | Sep. 28, 2013 | Sep. 29, 2012 | Dec. 28, 2013 | Dec. 29, 2012 | Sep. 29, 2012 | Dec. 28, 2013 | Dec. 29, 2012 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Dec. 28, 2013 | Sep. 29, 2012 | Dec. 28, 2013 | Dec. 29, 2012 | Sep. 29, 2012 | Dec. 28, 2013 | Sep. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Jul. 18, 2013 | Sep. 28, 2013 | |
Indiana [Member ] | Indiana [Member ] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Consolidation of Diagnostics Operations [Member] | Other Operating Cost Reductions [Member] | Other Operating Cost Reductions [Member] | Closure of Indianapolis Facility [Member] | Closure of Indianapolis Facility [Member] | Closure of Indianapolis Facility [Member] | Closure of Indianapolis Facility [Member] | Closure of Indianapolis Facility [Member] | Employee Severance [Member] | Fiscal 2014 Actions [Member] | Fiscal 2014 Actions [Member] | One-time Termination Benefits [Member] | ||||||
Molecular Diagnostics Operations [Member] | Molecular Diagnostics Operations [Member] | Molecular Diagnostics Operations [Member] | Molecular Diagnostics Operations [Member] | Molecular Diagnostics Operations [Member] | Restructuring [Member] | Employees | Restructuring [Member] | Restructuring [Member] | Jack Cumming [Member] | ||||||||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Severance Charges | $700,000 | ' | ' | ' | $4,600,000 | ' | ' | ' | $800,000 | $13,300,000 | $800,000 | $1,000,000 | ' | $3,200,000 | $900,000 | $10,800,000 | ' | ' | $200,000 | $1,500,000 | $900,000 | $400,000 | $4,800,000 | $6,800,000 | ' | $6,600,000 | $1,100,000 |
Compensation charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,500,000 | ' | ' | ' | ' | ' | 6,300,000 | ' | ' | ' | ' | ' | ' | ' | 1,400,000 | ' | 4,400,000 | ' |
Employee retention program, payments in cash | ' | ' | ' | 9,700,000 | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated aggregate severance charges | ' | ' | 5,400,000 | ' | ' | ' | ' | ' | ' | ' | 6,900,000 | ' | ' | ' | ' | ' | 6,800,000 | ' | 5,900,000 | ' | ' | ' | ' | ' | 6,300,000 | ' | ' |
Exiting charges | ' | ' | ' | ' | ' | 800,000 | 900,000 | ' | ' | ' | ' | ' | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock compensation related acceleration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' |
Number of employees affected for severance benefits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 96 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charges of equipment fair value | 3,132,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,100,000 | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lease obligation charge and write-off of related leaseholds | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment charges for assets held for sale | ' | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets held for sale, sales value | 2,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets held-for-sale inventory and equipment | ' | 2,400,000 | ' | ' | 2,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets held-for-sale Goodwill | ' | 600,000 | ' | ' | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other restructuring charges | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on the sale of LIFECODES business | ' | ' | ' | 900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Disposition charges | ' | ' | ' | ' | $300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings_and_Credit_Arrangem2
Borrowings and Credit Arrangements - Additional Information (Detail) (USD $) | 3 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 3 Months Ended | ||||||||||
Dec. 28, 2013 | Dec. 29, 2012 | Sep. 28, 2013 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 18, 2013 | Dec. 28, 2013 | Dec. 29, 2012 | Sep. 28, 2013 | Sep. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Nov. 14, 2013 | Dec. 18, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | |
Credit Agreement [Member] | Credit Agreement [Member] | Convertible Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan A [Member] | 2007 Notes [Member] | 2007 Notes [Member] | 2010 Notes [Member] | 2012 Notes [Member] | 2013 Notes [Member] | ||||
Subsequent Event [Member] | Credit Agreement [Member] | Credit Agreement [Member] | Credit Agreement [Member] | Convertible Notes [Member] | Convertible Notes [Member] | Convertible Notes [Member] | Convertible Notes [Member] | ||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of debt | $4,301,765,000 | ' | $4,805,910,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Prepayment of debt | ' | ' | ' | ' | ' | ' | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt extinguishment loss | -2,940,000 | ' | ' | ' | ' | ' | ' | ' | ' | 2,900,000 | ' | ' | ' | ' | ' | ' | ' |
Weighted average interest rates, Borrowings outstanding under the credit agreement | ' | ' | ' | 3.00% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rates under Term Loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.75% | 2.20% | ' | ' | ' | ' | ' |
Interest expense | ' | ' | ' | 20,400,000 | 30,000,000 | ' | 16,000,000 | 16,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-cash interest expense amortization of debt discount and deferred financing costs | 19,668,000 | 20,679,000 | ' | 3,300,000 | 3,700,000 | ' | 400,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument maturity date | ' | ' | ' | ' | ' | ' | 1-Aug-20 | ' | ' | ' | ' | ' | ' | ' | 15-Dec-37 | 1-Mar-42 | 15-Dec-43 |
Redemption Price of Notes | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2037 | ' | ' | ' |
Notes principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 405,000,000 | ' | ' | ' | ' |
Estimated tax due upon repurchase and redemption | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $76,000,000 | ' | ' | ' | ' |
Interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 2.00% | 2.00% |
Borrowings_and_Credit_Arrangem3
Borrowings and Credit Arrangements - Company's Borrowings (Detail) (USD $) | Dec. 28, 2013 | Sep. 28, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Convertible Notes | ' | $400,133 |
Current debt obligations, net of debt discount | 77,033 | 563,812 |
Convertible Notes | 1,198,444 | 1,187,992 |
Total long-term debt obligations | 4,224,732 | 4,242,098 |
Total debt obligations | 4,301,765 | 4,805,910 |
Term Loan A [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Current debt obligations, net of debt discount | 62,165 | 49,713 |
Long-term debt obligations, net of debt discount | 870,315 | 894,834 |
Term Loan B [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Current debt obligations, net of debt discount | 14,868 | 113,966 |
Long-term debt obligations, net of debt discount | 1,155,973 | 1,159,272 |
Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt obligations, net of debt discount | $1,000,000 | $1,000,000 |
Borrowings_and_Credit_Arrangem4
Borrowings and Credit Arrangements - Convertible Notes and Related Equity Components (Detail) (USD $) | Dec. 28, 2013 | Sep. 28, 2013 |
In Thousands, unless otherwise specified | ||
2007 Notes [Member] | ' | ' |
Schedule Of Borrowings [Line Items] | ' | ' |
Notes principal amount | ' | $405,000 |
Unamortized discount | ' | -4,867 |
Net carrying amount | ' | 400,133 |
Equity component, net of taxes | ' | 121,496 |
2010 Notes [Member] | ' | ' |
Schedule Of Borrowings [Line Items] | ' | ' |
Notes principal amount | 450,000 | 450,000 |
Unamortized discount | -54,193 | -58,310 |
Net carrying amount | 395,807 | 391,690 |
Equity component, net of taxes | 60,054 | 60,054 |
2012 Notes [Member] | ' | ' |
Schedule Of Borrowings [Line Items] | ' | ' |
Notes principal amount | 500,000 | 500,000 |
Unamortized discount | -32,851 | -34,630 |
Net carrying amount | 467,149 | 465,370 |
Equity component, net of taxes | 49,195 | 49,195 |
2013 Notes [Member] | ' | ' |
Schedule Of Borrowings [Line Items] | ' | ' |
Notes principal amount | 370,000 | 370,000 |
Principal accretion | 12,999 | 9,225 |
Unamortized discount | -47,511 | -48,293 |
Net carrying amount | 335,488 | 330,932 |
Equity component, net of taxes | $131,451 | $131,451 |
Borrowings_and_Credit_Arrangem5
Borrowings and Credit Arrangements - Interest Expense under Convertible Notes (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Debt Conversion [Line Items] | ' | ' |
Non-cash interest expense | $19,668 | $20,679 |
Convertible Notes Payable [Member] | ' | ' |
Debt Conversion [Line Items] | ' | ' |
Amortization of debt discount | 11,546 | 15,644 |
Amortization of deferred financing costs | 650 | 908 |
Principal accretion | 3,774 | ' |
Non-cash interest expense | 15,970 | 16,552 |
2.00% accrued interest | 8,119 | 8,610 |
Interest expense, net | $24,089 | $25,162 |
Borrowings_and_Credit_Arrangem6
Borrowings and Credit Arrangements - Interest Expense under Convertible Notes (Parenthetical) (Detail) (Convertible Notes Payable [Member]) | Dec. 28, 2013 | Dec. 29, 2012 |
Convertible Notes Payable [Member] | ' | ' |
Debt Conversion [Line Items] | ' | ' |
Percentage of accrued interest on Convertible Notes | 2.00% | 2.00% |
Commitments_and_Contingencies_1
Commitments and Contingencies - Additional Information (Detail) (USD $) | 0 Months Ended | 3 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | |||||||||||
Oct. 29, 2013 | Dec. 28, 2013 | Dec. 29, 2012 | Sep. 04, 2012 | Dec. 29, 2012 | Dec. 29, 2012 | Dec. 28, 2013 | Mar. 30, 2013 | Dec. 28, 2013 | Jun. 30, 2011 | Dec. 28, 2013 | Sep. 28, 2013 | Sep. 29, 2012 | Jun. 30, 2011 | Jul. 31, 2013 | Dec. 28, 2013 | Jul. 31, 2011 | |
Adiana, Inc [Member] | Sentinelle Medical Inc. [Member] | Interlace Medical, Inc. [Member] | Interlace Medical, Inc. [Member] | Interlace Medical, Inc. [Member] | TCT International Co., Ltd. [Member] | TCT International Co., Ltd. [Member] | TCT International Co., Ltd. [Member] | TCT International Co., Ltd. [Member] | TCT International Co., Ltd. [Member] | Healthcome [Member] | Healthcome [Member] | Healthcome [Member] | |||||
Maximum [Member] | Maximum [Member] | ||||||||||||||||
Contingent Consideration Earn-Out Payments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payment of contingent consideration | ' | ' | $3,408,000 | ' | $16,800,000 | $3,400,000 | ' | $86,900,000 | ' | ' | $31,100,000 | $87,400,000 | $54,000,000 | ' | $1,700,000 | ' | ' |
Potential contingent payments | ' | ' | ' | ' | ' | ' | ' | ' | 225,000,000 | ' | ' | ' | ' | 200,000,000 | ' | ' | ' |
Contingent payments period | ' | ' | ' | ' | ' | ' | '2 years | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' |
Contingent consideration - fair value adjustments | ' | ' | 10,040,000 | ' | ' | ' | ' | 93,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued contingent payments | ' | ' | ' | ' | ' | ' | 3,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | 3,400,000 | 5,000,000 |
Deferred payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35,000,000 | ' | ' | ' | ' | ' | ' | ' |
Contingent Consideration Compensation Expense | ' | 0 | 29,486,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assessed damages | ' | ' | ' | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Payment | $14,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments_and_Contingencies_2
Commitments and Contingencies - Summary of Contingent Consideration Charges Recorded to the Consolidated Statement of Operations (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Other Contingencies And Commitments [Line Items] | ' | ' |
Contingent consideration-compensation expense | $0 | $29,486 |
Contingent consideration-fair value adjustments | ' | 10,040 |
Contingent consideration total | ' | 39,526 |
Interlace Medical, Inc [Member] | ' | ' |
Other Contingencies And Commitments [Line Items] | ' | ' |
Contingent consideration-fair value adjustments | ' | 10,040 |
Contingent consideration total | ' | 10,040 |
TCT International Co., Ltd. [Member] | ' | ' |
Other Contingencies And Commitments [Line Items] | ' | ' |
Contingent consideration-compensation expense | ' | 29,486 |
Contingent consideration total | ' | $29,486 |
Sale_of_Makena_Additional_Info
Sale of Makena - Additional Information (Detail) (USD $) | 0 Months Ended | 3 Months Ended | ||||
Feb. 03, 2011 | Jan. 16, 2008 | Dec. 28, 2013 | Dec. 29, 2012 | Mar. 24, 2012 | Mar. 26, 2011 | |
Sale Of Intellectual Property [Line Items] | ' | ' | ' | ' | ' | ' |
Transaction price of sale of intellectual property assets | ' | $82,000,000 | ' | ' | ' | ' |
Amended transaction price as a result of executing amendment | ' | ' | 199,500,000 | ' | ' | ' |
Amount received upon FDA approval | 12,500,000 | ' | ' | ' | ' | ' |
Gain on net of certain contingent legal fees and amounts due to inventor | ' | ' | ' | 53,884,000 | ' | 84,500,000 |
Scheduled amounts received | ' | ' | ' | ' | 12,500,000 | ' |
Additional amounts to be received under the amended agreement | ' | ' | 95,000,000 | ' | ' | ' |
Royalty on sales due | 5.00% | ' | ' | ' | ' | ' |
Final payment received | ' | ' | 60,000,000 | ' | ' | ' |
Parent Company/Issuer [Member] | ' | ' | ' | ' | ' | ' |
Sale Of Intellectual Property [Line Items] | ' | ' | ' | ' | ' | ' |
Gain on net of certain contingent legal fees and amounts due to inventor | ' | ' | ' | ' | ' | ' |
Previously Received [Member] | Parent Company/Issuer [Member] | ' | ' | ' | ' | ' | ' |
Sale Of Intellectual Property [Line Items] | ' | ' | ' | ' | ' | ' |
Transaction price amounts received | $79,500,000 | ' | ' | ' | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' | ' |
Sale Of Intellectual Property [Line Items] | ' | ' | ' | ' | ' | ' |
Period sales price is due from FDA approval, months | ' | ' | '18 months | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' |
Sale Of Intellectual Property [Line Items] | ' | ' | ' | ' | ' | ' |
Period sales price is due from FDA approval, months | ' | ' | '30 months | ' | ' | ' |
Marketable_Securities_Reconcil
Marketable Securities - Reconciles Cost Basis to Fair Market Value of Company's One Equity Security (Detail) (Equity Security [Member], USD $) | Dec. 28, 2013 | Sep. 28, 2013 |
In Thousands, unless otherwise specified | ||
Equity Security [Member] | ' | ' |
Schedule Of Marketable Securities [Line Items] | ' | ' |
Equity security, Cost | $5,931 | $5,931 |
Equity security, Gross Unrealized Gains | 10,976 | 12,156 |
Equity security, Gross Unrealized Losses | ' | ' |
Equity security, Fair Value | $16,907 | $18,087 |
Net_Loss_Income_Per_Share_Reco
Net (Loss) Income Per Share - Reconciliation of Basic and Diluted Share Amounts (Detail) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Earnings Per Share [Line Items] | ' | ' |
Basic weighted average common shares outstanding | 272,708 | 266,344 |
Weighted average common stock equivalents from assumed exercise of stock options and restricted stock units | ' | 3,035 |
Diluted weighted average common shares outstanding | 272,708 | 269,379 |
Outstanding Stock Options [Member] | ' | ' |
Weighted-average anti-dilutive shares related to: | ' | ' |
Weighted-average anti-dilutive shares | 7,199 | 8,207 |
Restricted Stock Units [Member] | ' | ' |
Weighted-average anti-dilutive shares related to: | ' | ' |
Weighted-average anti-dilutive shares | 950 | ' |
StockBased_Compensation_StockB
Stock-Based Compensation - Stock-Based Compensation Expense in Consolidated Statement of Operations (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | $13,726 | $12,066 |
Cost of Revenues [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | 1,510 | 1,834 |
Research and Development [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | 1,873 | 1,868 |
Selling and Marketing [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | 1,749 | 2,201 |
General and Administrative [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | 3,833 | 5,941 |
Restructuring [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based compensation expense | $4,761 | $222 |
StockBased_Compensation_Additi
Stock-Based Compensation - Additional Information (Detail) (USD $) | 3 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Portions | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Options granted | 2 | 2.1 |
Weighted average exercise prices | $21.82 | $19.86 |
Share-based compensation, stock option outstanding | 14.7 | ' |
Weighted average exercise price of options outstanding | $19.79 | ' |
Minimum eligible percentage to receive target number of shares of company's common stock | 0.00% | ' |
Maximum eligible percentage to receive target number of shares of company's common stock | 200.00% | ' |
Market stock units granted during the period | 0.1 | 0.1 |
Valuation of MSUs using Monte Carlo simulation model | $18.65 | $18.49 |
Number of separate tranches | 3 | ' |
Percentage in separate tranches | 33.33% | ' |
Trading period considered for determination of average price of stock for stock based award | '30 days | ' |
Percentage of forfeiture rates, minimum | 0.00% | ' |
Percentage of forfeiture rates, maximum | 6.00% | ' |
Stock Options [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock-based compensation, period of vest term granted to employees, years | '5 years | ' |
Percentage of vesting for stock granted to employees | 20.00% | ' |
Restricted Stock Units [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Restricted stock units | 2 | 1.8 |
Restricted stock units (RSU), weighted average grant date fair values | $21.51 | $19.86 |
Unvested RSUs outstanding | 4 | ' |
Unvested RSUs weighted average grant date fair value | $20.18 | ' |
Percentage of vesting for stock granted to employees | 25.00% | ' |
RSU, period of vest term granted to employees, years | '4 years | ' |
Unrecognized compensation expense | $85.60 | ' |
Weighted average period for recognition of unrecognized stock-based compensation, years | '3 years 2 months 12 days | ' |
Performance Shares [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Restricted stock units | 0.4 | ' |
Restricted stock units (RSU), weighted average grant date fair values | $21.77 | ' |
Minimum eligible percentage to receive target number of shares of company's common stock | 0.00% | ' |
Maximum eligible percentage to receive target number of shares of company's common stock | 200.00% | ' |
Stock Option Plans [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Unrecognized compensation expense | $36.60 | ' |
Weighted average period for recognition of unrecognized stock-based compensation, years | '3 years 8 months 12 days | ' |
StockBased_Compensation_Weight
Stock-Based Compensation - Weighted-Average Assumptions Utilized to Value Stock Options (Detail) (Employee Stock Purchase Plan [Member], USD $) | 3 Months Ended | |
Dec. 28, 2013 | Dec. 29, 2012 | |
Employee Stock Purchase Plan [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Risk-free interest rate | 1.20% | 0.50% |
Expected volatility | 41.40% | 43.70% |
Expected life (in years) | '4 years 4 months 24 days | '4 years 4 months 24 days |
Dividend yield | ' | ' |
Weighted average fair value of options granted | $7.64 | $7.06 |
Other_Balance_Sheet_Informatio2
Other Balance Sheet Information - Other Balance Sheet Information of Inventories (Detail) (USD $) | Dec. 28, 2013 | Sep. 28, 2013 |
In Thousands, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Raw materials | $110,828 | $115,575 |
Work-in-process | 56,653 | 51,171 |
Finished goods | 134,228 | 122,617 |
Inventory net | $301,709 | $289,363 |
Other_Balance_Sheet_Informatio3
Other Balance Sheet Information - Other Balance Sheet Information of Property, Plant and Equipment (Detail) (USD $) | Dec. 28, 2013 | Sep. 28, 2013 |
In Thousands, unless otherwise specified | ||
Other Balance Sheet Information [Abstract] | ' | ' |
Equipment and software | $327,990 | $318,473 |
Equipment under customer usage agreements | 279,386 | 275,696 |
Building and improvements | 173,489 | 171,469 |
Leasehold improvements | 63,643 | 68,159 |
Land | 51,659 | 51,633 |
Furniture and fixtures | 16,654 | 22,628 |
Property, plant and equipment, gross | 912,821 | 908,058 |
Less - accumulated depreciation and amortization | -433,086 | -416,530 |
Property, plant and equipment, net | $479,735 | $491,528 |
Business_Segments_and_Geograph2
Business Segments and Geographic Information - Additional Information (Detail) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Sep. 28, 2013 |
Customer | Customer | Customer | |
Segment | |||
Segment Reporting Disclosure [Line Items] | ' | ' | ' |
Number of reportable segments | 4 | ' | ' |
Revenues | $612,448 | $631,362 | ' |
Customers with balances greater than 10% of accounts receivable | 0 | ' | 0 |
Customer represented greater than 10% of consolidated revenues | 0 | 0 | ' |
Intersegment Eliminations [Member] | ' | ' | ' |
Segment Reporting Disclosure [Line Items] | ' | ' | ' |
Revenues | 0 | 0 | ' |
Operating Segments [Member] | Foreign Countries [Member] | ' | ' | ' |
Segment Reporting Disclosure [Line Items] | ' | ' | ' |
Revenues | $154,900 | $170,100 | ' |
Business_Segments_and_Geograph3
Business Segments and Geographic Information - Segment Information (Detail) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Sep. 28, 2013 |
Operating Statistics [Line Items] | ' | ' | ' |
Total revenues | $612,448 | $631,362 | ' |
Operating income | 61,285 | 63,229 | ' |
Depreciation and amortization | 127,819 | 128,155 | ' |
Capital expenditures | 16,385 | 22,447 | ' |
Identifiable assets | 8,484,308 | ' | 9,000,823 |
Diagnostics [Member] | ' | ' | ' |
Operating Statistics [Line Items] | ' | ' | ' |
Total revenues | 285,766 | 305,916 | ' |
Operating income | 4,754 | 14,295 | ' |
Depreciation and amortization | 92,186 | 91,542 | ' |
Capital expenditures | 10,256 | 13,853 | ' |
Identifiable assets | 4,598,845 | ' | 4,667,942 |
Breast Health [Member] | ' | ' | ' |
Operating Statistics [Line Items] | ' | ' | ' |
Total revenues | 226,491 | 220,808 | ' |
Operating income | 43,849 | 44,946 | ' |
Depreciation and amortization | 9,361 | 9,930 | ' |
Capital expenditures | 1,805 | 3,580 | ' |
Identifiable assets | 920,121 | ' | 932,206 |
GYN Surgical [Member] | ' | ' | ' |
Operating Statistics [Line Items] | ' | ' | ' |
Total revenues | 78,854 | 80,909 | ' |
Operating income | 11,123 | 622 | ' |
Depreciation and amortization | 26,046 | 26,479 | ' |
Capital expenditures | 1,786 | 2,745 | ' |
Identifiable assets | 1,825,174 | ' | 1,849,518 |
Skeletal Health [Member] | ' | ' | ' |
Operating Statistics [Line Items] | ' | ' | ' |
Total revenues | 21,337 | 23,729 | ' |
Operating income | 1,559 | 3,366 | ' |
Depreciation and amortization | 226 | 204 | ' |
Capital expenditures | 142 | 179 | ' |
Identifiable assets | 34,546 | ' | 33,508 |
Corporate [Member] | ' | ' | ' |
Operating Statistics [Line Items] | ' | ' | ' |
Capital expenditures | 2,396 | 2,090 | ' |
Identifiable assets | $1,105,622 | ' | $1,517,649 |
Business_Segments_and_Geograph4
Business Segments and Geographic Information - Revenues by Geography (Detail) | 3 Months Ended | |
Dec. 28, 2013 | Dec. 29, 2012 | |
Schedule Of Geographical Segments [Line Items] | ' | ' |
Revenues | 100.00% | 100.00% |
United States [Member] | ' | ' |
Schedule Of Geographical Segments [Line Items] | ' | ' |
Revenues | 75.00% | 73.00% |
Europe [Member] | ' | ' |
Schedule Of Geographical Segments [Line Items] | ' | ' |
Revenues | 14.00% | 14.00% |
Asia-Pacific [Member] | ' | ' |
Schedule Of Geographical Segments [Line Items] | ' | ' |
Revenues | 7.00% | 9.00% |
All Others [Member] | ' | ' |
Schedule Of Geographical Segments [Line Items] | ' | ' |
Revenues | 4.00% | 4.00% |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 3 Months Ended | |||
Dec. 28, 2013 | Dec. 29, 2012 | Mar. 26, 2011 | Sep. 28, 2013 | |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Company's effective tax rate | -277.10% | 142.40% | ' | ' |
Valuation allowance | ' | $19,400,000 | ' | ' |
Gain recorded on Makena sale | ' | 53,884,000 | 84,500,000 | ' |
Net deferred tax liabilities | 1,450,000,000 | ' | ' | 1,580,000,000 |
Gross unrecognized tax benefits, including interest | 126,600,000 | ' | ' | ' |
Increase in gross unrecognized tax benefits | 4,800,000 | ' | ' | ' |
Unrecognized tax benefit that would impact effective tax rate | 60,200,000 | ' | ' | ' |
Temporary differences not affecting Company's effective tax rate | 66,400,000 | ' | ' | ' |
Accrued interest | 4,500,000 | ' | ' | ' |
Income tax penalty accrued | $4,500,000 | ' | ' | ' |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets - Rollforward of Goodwill Activity by Reportable Segment (Detail) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Dec. 28, 2013 |
Goodwill [Line Items] | ' |
Beginning balance | $2,814,528 |
Disposition of a portion of a reporting unit | -86 |
Tax adjustments | -151 |
Foreign currency and other | -384 |
Ending balance | 2,813,907 |
Breast Health [Member] | ' |
Goodwill [Line Items] | ' |
Beginning balance | 636,365 |
Disposition of a portion of a reporting unit | ' |
Tax adjustments | ' |
Foreign currency and other | -1,662 |
Ending balance | 634,703 |
Diagnostics [Member] | ' |
Goodwill [Line Items] | ' |
Beginning balance | 1,153,554 |
Disposition of a portion of a reporting unit | -86 |
Tax adjustments | -151 |
Foreign currency and other | 1,090 |
Ending balance | 1,154,407 |
GYN Surgical [Member] | ' |
Goodwill [Line Items] | ' |
Beginning balance | 1,016,456 |
Disposition of a portion of a reporting unit | ' |
Tax adjustments | ' |
Foreign currency and other | 179 |
Ending balance | 1,016,635 |
Skeletal Health [Member] | ' |
Goodwill [Line Items] | ' |
Beginning balance | 8,153 |
Disposition of a portion of a reporting unit | ' |
Tax adjustments | ' |
Foreign currency and other | 9 |
Ending balance | $8,162 |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets - Schedule of Intangible Assets (Detail) (USD $) | Dec. 28, 2013 | Sep. 28, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value | $5,387,069 | $5,388,889 |
Accumulated Amortization | 1,584,648 | 1,482,167 |
Developed Technology [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value | 4,006,670 | 4,008,947 |
Accumulated Amortization | 1,170,604 | 1,094,435 |
In-process Research and Development [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value | 24,000 | 24,000 |
Accumulated Amortization | ' | ' |
Customer Relationships and Contracts [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value | 1,102,221 | 1,101,870 |
Accumulated Amortization | 318,695 | 296,481 |
Trade Names [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value | 238,071 | 238,103 |
Accumulated Amortization | 85,817 | 81,844 |
Patents [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value | 13,153 | 13,026 |
Accumulated Amortization | 8,558 | 8,495 |
Business Licenses [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value | 2,669 | 2,647 |
Accumulated Amortization | 689 | 616 |
Non-Competition Agreements [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Value | 285 | 296 |
Accumulated Amortization | $285 | $296 |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets - Schedule of Estimated Amortization Expense (Detail) (USD $) | Dec. 28, 2013 |
In Thousands, unless otherwise specified | |
Goodwill And Intangible Assets Disclosure [Abstract] | ' |
Remainder of Fiscal 2014 | $307,704 |
Fiscal 2015 | 395,750 |
Fiscal 2016 | 381,987 |
Fiscal 2017 | 372,751 |
Fiscal 2018 | $362,226 |
Product_Warranties_Product_War
Product Warranties - Product Warranty (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Guarantees [Abstract] | ' | ' |
Balance at Beginning of Period | $9,258 | $6,179 |
Provisions | 2,016 | 3,131 |
Settlements/ Adjustments | -2,357 | -2,739 |
Balance at End of Period | $8,917 | $6,571 |
Equity_Additional_Information_
Equity - Additional Information (Detail) (USD $) | 0 Months Ended | 3 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Nov. 11, 2013 | Dec. 28, 2013 | Nov. 20, 2013 | Sep. 28, 2013 |
Equity [Line Items] | ' | ' | ' | ' |
Preferred stock, par value | ' | $0.01 | ' | $0.01 |
Common stock, par value | ' | $0.01 | $0.01 | $0.01 |
Purchase price of each right | ' | ' | $107 | ' |
Dividend record date | ' | 2-Dec-13 | ' | ' |
Number of business day for rights distribution exercisable | ' | '10 days | ' | ' |
Number of business day for rights distribution exercisable on the action of Board of director | ' | '10 days | ' | ' |
Ownership percentage | ' | 10.00% | ' | ' |
Ownership percentage | ' | 15.00% | ' | ' |
Authorized value of common shares to be repurchased | $250 | ' | ' | ' |
Period available for common stock to be repurchased | ' | '3 years | ' | ' |
Series A Preferred Stock [Member] | ' | ' | ' | ' |
Equity [Line Items] | ' | ' | ' | ' |
Share portion entitled to purchase by right | ' | ' | 'One ten-thousandth | ' |
Preferred stock, par value | ' | ' | $0.01 | ' |
Pension_and_Other_Employee_Ben1
Pension and Other Employee Benefits - Additional Information (Detail) (USD $) | Dec. 28, 2013 | Sep. 28, 2013 |
In Millions, unless otherwise specified | ||
German Defined Benefit Plan [Member] | ' | ' |
Pension And Other Employee Benefit Plans [Line Items] | ' | ' |
Net pension liability | $10.20 | $10.10 |
Pension assets | 0 | 0 |
Swiss Defined Benefit Plan [Member] | ' | ' |
Pension And Other Employee Benefit Plans [Line Items] | ' | ' |
Net pension liability | $0.80 | ' |
Supplemental_Guarantor_Condens2
Supplemental Guarantor Condensed Consolidating Financials - Additional Information (Detail) (Parent Company/Issuer [Member]) | 3 Months Ended |
Dec. 28, 2013 | |
Parent Company/Issuer [Member] | ' |
Condensed Balance Sheet Statements, Captions [Line Items] | ' |
Ownership percentage in domestic subsidiaries | 100.00% |
Supplemental_Guarantor_Condens3
Supplemental Guarantor Condensed Consolidating Financials - Schedule of Supplemental Condensed Consolidating Statement of Operations (Detail) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Mar. 26, 2011 |
Revenues: | ' | ' | ' |
Product sales | $512,382 | $533,254 | ' |
Service and other revenues | 100,066 | 98,108 | ' |
Total revenues | 612,448 | 631,362 | ' |
Costs and expenses: | ' | ' | ' |
Cost of product sales | 176,878 | 222,327 | ' |
Cost of product sales - amortization of intangible assets | 76,666 | 75,287 | ' |
Cost of service and other revenues | 53,308 | 52,075 | ' |
Research and development | 48,669 | 51,509 | ' |
Selling and marketing | 83,257 | 94,443 | ' |
General and administrative | 67,819 | 54,391 | ' |
Amortization of intangible assets | 26,216 | 28,526 | ' |
Contingent consideration - compensation expense | 0 | 29,486 | ' |
Contingent consideration - fair value adjustments | ' | 10,040 | ' |
Gain on sale of intellectual property | ' | -53,884 | -84,500 |
Restructuring and divestiture charges | 18,350 | 3,933 | ' |
Costs and expenses, total | 551,163 | 568,133 | ' |
Income (loss) from operations | 61,285 | 63,229 | ' |
Interest income | 356 | 260 | ' |
Interest expense | -61,290 | -72,081 | ' |
Debt extinguishment loss | -2,940 | ' | ' |
Other income (expense), net | 1,170 | 1,239 | ' |
(Loss) income before income taxes | -1,419 | -7,353 | ' |
(Benefit) provision for income taxes | 3,932 | -10,471 | ' |
Equity in earnings (losses) of subsidiaries | ' | ' | ' |
Net (loss) income | -5,351 | 3,118 | ' |
Parent Company/Issuer [Member] | ' | ' | ' |
Revenues: | ' | ' | ' |
Product sales | 105,456 | 98,043 | ' |
Service and other revenues | 85,946 | 77,960 | ' |
Total revenues | 191,402 | 176,003 | ' |
Costs and expenses: | ' | ' | ' |
Cost of product sales | 52,873 | 53,520 | ' |
Cost of product sales - amortization of intangible assets | 1,397 | 1,306 | ' |
Cost of service and other revenues | 42,320 | 38,378 | ' |
Research and development | 7,517 | 7,418 | ' |
Selling and marketing | 17,926 | 20,773 | ' |
General and administrative | 14,656 | 15,320 | ' |
Amortization of intangible assets | 779 | 678 | ' |
Contingent consideration - compensation expense | ' | 29,486 | ' |
Contingent consideration - fair value adjustments | ' | 10,040 | ' |
Gain on sale of intellectual property | ' | ' | ' |
Restructuring and divestiture charges | 4,990 | 221 | ' |
Costs and expenses, total | 142,458 | 177,140 | ' |
Income (loss) from operations | 48,944 | -1,137 | ' |
Interest income | 99 | 131 | ' |
Interest expense | -60,654 | -71,254 | ' |
Debt extinguishment loss | -2,940 | ' | ' |
Other income (expense), net | 9,565 | 119 | ' |
(Loss) income before income taxes | -4,986 | -72,141 | ' |
(Benefit) provision for income taxes | -59 | -11,747 | ' |
Equity in earnings (losses) of subsidiaries | -424 | 63,512 | ' |
Net (loss) income | -5,351 | 3,118 | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' |
Revenues: | ' | ' | ' |
Product sales | 381,568 | 379,771 | ' |
Service and other revenues | 15,873 | 21,141 | ' |
Total revenues | 397,441 | 400,912 | ' |
Costs and expenses: | ' | ' | ' |
Cost of product sales | 138,760 | 163,895 | ' |
Cost of product sales - amortization of intangible assets | 74,109 | 72,917 | ' |
Cost of service and other revenues | 7,642 | 15,591 | ' |
Research and development | 38,851 | 41,753 | ' |
Selling and marketing | 42,775 | 47,365 | ' |
General and administrative | 41,494 | 31,016 | ' |
Amortization of intangible assets | 24,163 | 26,649 | ' |
Contingent consideration - compensation expense | ' | ' | ' |
Contingent consideration - fair value adjustments | ' | ' | ' |
Gain on sale of intellectual property | ' | -53,884 | ' |
Restructuring and divestiture charges | 9,756 | 3,286 | ' |
Costs and expenses, total | 377,550 | 348,588 | ' |
Income (loss) from operations | 19,891 | 52,324 | ' |
Interest income | 305 | 42 | ' |
Interest expense | -308 | -314 | ' |
Debt extinguishment loss | ' | ' | ' |
Other income (expense), net | -9,344 | -4,046 | ' |
(Loss) income before income taxes | 10,544 | 48,006 | ' |
(Benefit) provision for income taxes | 1,560 | -3,114 | ' |
Equity in earnings (losses) of subsidiaries | 10,088 | 10,934 | ' |
Net (loss) income | 19,072 | 62,054 | ' |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' |
Revenues: | ' | ' | ' |
Product sales | 126,403 | 131,127 | ' |
Service and other revenues | 11,744 | 11,820 | ' |
Total revenues | 138,147 | 142,947 | ' |
Costs and expenses: | ' | ' | ' |
Cost of product sales | 86,290 | 80,599 | ' |
Cost of product sales - amortization of intangible assets | 1,160 | 1,064 | ' |
Cost of service and other revenues | 16,843 | 10,919 | ' |
Research and development | 2,301 | 2,338 | ' |
Selling and marketing | 22,556 | 26,305 | ' |
General and administrative | 11,669 | 8,055 | ' |
Amortization of intangible assets | 1,274 | 1,199 | ' |
Contingent consideration - compensation expense | ' | ' | ' |
Contingent consideration - fair value adjustments | ' | ' | ' |
Gain on sale of intellectual property | ' | ' | ' |
Restructuring and divestiture charges | 3,604 | 426 | ' |
Costs and expenses, total | 145,697 | 130,905 | ' |
Income (loss) from operations | -7,550 | 12,042 | ' |
Interest income | 194 | 87 | ' |
Interest expense | -570 | -513 | ' |
Debt extinguishment loss | ' | ' | ' |
Other income (expense), net | 949 | 5,180 | ' |
(Loss) income before income taxes | -6,977 | 16,796 | ' |
(Benefit) provision for income taxes | 2,431 | 4,390 | ' |
Equity in earnings (losses) of subsidiaries | ' | ' | ' |
Net (loss) income | -9,408 | 12,406 | ' |
Eliminations [Member] | ' | ' | ' |
Revenues: | ' | ' | ' |
Product sales | -101,045 | -75,687 | ' |
Service and other revenues | -13,497 | -12,813 | ' |
Total revenues | -114,542 | -88,500 | ' |
Costs and expenses: | ' | ' | ' |
Cost of product sales | -101,045 | -75,687 | ' |
Cost of product sales - amortization of intangible assets | ' | ' | ' |
Cost of service and other revenues | -13,497 | -12,813 | ' |
Research and development | ' | ' | ' |
Selling and marketing | ' | ' | ' |
General and administrative | ' | ' | ' |
Amortization of intangible assets | ' | ' | ' |
Contingent consideration - compensation expense | ' | ' | ' |
Contingent consideration - fair value adjustments | ' | ' | ' |
Gain on sale of intellectual property | ' | ' | ' |
Restructuring and divestiture charges | ' | ' | ' |
Costs and expenses, total | -114,542 | -88,500 | ' |
Income (loss) from operations | ' | ' | ' |
Interest income | -242 | ' | ' |
Interest expense | 242 | ' | ' |
Debt extinguishment loss | ' | ' | ' |
Other income (expense), net | ' | -14 | ' |
(Loss) income before income taxes | ' | -14 | ' |
(Benefit) provision for income taxes | ' | ' | ' |
Equity in earnings (losses) of subsidiaries | -9,664 | -74,446 | ' |
Net (loss) income | ($9,664) | ($74,460) | ' |
Supplemental_Guarantor_Condens4
Supplemental Guarantor Condensed Consolidating Financials - Schedule of Supplemental Condensed Consolidating Statements of Comprehensive Income (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' |
Net (loss) income | ($5,351) | $3,118 |
Change in cumulative translation adjustment | -1,188 | 1,969 |
Unrealized loss on available-for-sale security | -1,180 | -557 |
Adjustment to minimum pension liability, net of taxes | -615 | ' |
Comprehensive (loss) income | -8,334 | 4,530 |
Parent Company/Issuer [Member] | ' | ' |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' |
Net (loss) income | -5,351 | 3,118 |
Change in cumulative translation adjustment | ' | ' |
Unrealized loss on available-for-sale security | ' | ' |
Adjustment to minimum pension liability, net of taxes | ' | ' |
Comprehensive (loss) income | -5,351 | 3,118 |
Guarantor Subsidiaries [Member] | ' | ' |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' |
Net (loss) income | 19,072 | 62,054 |
Change in cumulative translation adjustment | 89 | 577 |
Unrealized loss on available-for-sale security | -1,180 | -557 |
Adjustment to minimum pension liability, net of taxes | ' | ' |
Comprehensive (loss) income | 17,981 | 62,074 |
Non-Guarantor Subsidiaries [Member] | ' | ' |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' |
Net (loss) income | -9,408 | 12,406 |
Change in cumulative translation adjustment | -1,277 | 1,392 |
Unrealized loss on available-for-sale security | ' | ' |
Adjustment to minimum pension liability, net of taxes | -615 | ' |
Comprehensive (loss) income | -11,300 | 13,798 |
Eliminations [Member] | ' | ' |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' |
Net (loss) income | -9,664 | -74,460 |
Change in cumulative translation adjustment | ' | ' |
Unrealized loss on available-for-sale security | ' | ' |
Adjustment to minimum pension liability, net of taxes | ' | ' |
Comprehensive (loss) income | ($9,664) | ($74,460) |
Supplemental_Guarantor_Condens5
Supplemental Guarantor Condensed Consolidating Financials - Schedule of Supplemental Condensed Consolidating Balance Sheet (Detail) (USD $) | Dec. 28, 2013 | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 29, 2012 |
In Thousands, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $442,488 | $822,490 | $718,471 | $560,430 |
Restricted cash | 6,149 | 6,914 | ' | ' |
Accounts receivable, net | 394,471 | 409,273 | ' | ' |
Inventories | 301,709 | 289,363 | ' | ' |
Deferred income tax assets | 35,353 | ' | ' | ' |
Prepaid expenses and other current assets | 46,769 | 48,361 | ' | ' |
Prepaid income taxes | ' | 44,745 | ' | ' |
Intercompany receivables | ' | ' | ' | ' |
Other current assets - assets held-for-sale | ' | 2,997 | ' | ' |
Total current assets | 1,226,939 | 1,624,143 | ' | ' |
Property, plant and equipment, net | 479,735 | 491,528 | ' | ' |
Intangible assets, net | 3,802,421 | 3,906,722 | ' | ' |
Goodwill | 2,813,907 | 2,814,528 | ' | ' |
Long-term intercompany notes receivable | ' | ' | ' | ' |
Other assets | 161,306 | 163,902 | ' | ' |
Investment in subsidiaries | ' | ' | ' | ' |
Total assets | 8,484,308 | 9,000,823 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current portion of long-term debt | 77,033 | 563,812 | ' | ' |
Accounts payable | 90,966 | 80,534 | ' | ' |
Accrued expenses | 324,130 | 271,931 | ' | ' |
Deferred revenue | 136,128 | 132,319 | ' | ' |
Deferred income tax liabilities | ' | 39,810 | ' | ' |
Intercompany payables | ' | ' | ' | ' |
Total current liabilities | 628,257 | 1,088,406 | ' | ' |
Long-term debt, net of current portion | 4,224,732 | 4,242,098 | ' | ' |
Deferred income tax liabilities | 1,485,465 | 1,535,306 | ' | ' |
Deferred service obligations - long-term | 24,256 | 25,456 | ' | ' |
Other long-term liabilities | 171,067 | 168,044 | ' | ' |
Long-term intercompany notes payable | ' | ' | ' | ' |
Total stockholders' equity | 1,950,531 | 1,941,513 | ' | ' |
Total liabilities and stockholders' equity | 8,484,308 | 9,000,823 | ' | ' |
Parent Company/Issuer [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 105,467 | 321,523 | 280,938 | 210,028 |
Restricted cash | ' | ' | ' | ' |
Accounts receivable, net | 112,650 | 126,036 | ' | ' |
Inventories | 84,863 | 81,924 | ' | ' |
Deferred income tax assets | 14,953 | ' | ' | ' |
Prepaid expenses and other current assets | 17,398 | 16,246 | ' | ' |
Prepaid income taxes | ' | 47,131 | ' | ' |
Intercompany receivables | ' | ' | ' | ' |
Other current assets - assets held-for-sale | ' | ' | ' | ' |
Total current assets | 335,331 | 592,860 | ' | ' |
Property, plant and equipment, net | 29,489 | 29,313 | ' | ' |
Intangible assets, net | 17,730 | 19,925 | ' | ' |
Goodwill | 282,448 | 283,038 | ' | ' |
Long-term intercompany notes receivable | ' | ' | ' | ' |
Other assets | 110,033 | 103,548 | ' | ' |
Investment in subsidiaries | 8,669,060 | 8,667,620 | ' | ' |
Total assets | 9,444,091 | 9,696,304 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current portion of long-term debt | 77,033 | 563,812 | ' | ' |
Accounts payable | 28,610 | 27,865 | ' | ' |
Accrued expenses | 216,379 | 152,950 | ' | ' |
Deferred revenue | 99,648 | 93,306 | ' | ' |
Deferred income tax liabilities | ' | 59,346 | ' | ' |
Intercompany payables | 2,511,416 | 2,418,089 | ' | ' |
Total current liabilities | 2,933,086 | 3,315,368 | ' | ' |
Long-term debt, net of current portion | 4,224,732 | 4,242,098 | ' | ' |
Deferred income tax liabilities | 75,995 | 89,085 | ' | ' |
Deferred service obligations - long-term | 9,844 | 11,251 | ' | ' |
Other long-term liabilities | 105,903 | 96,990 | ' | ' |
Long-term intercompany notes payable | 144,000 | ' | ' | ' |
Total stockholders' equity | 1,950,531 | 1,941,512 | ' | ' |
Total liabilities and stockholders' equity | 9,444,091 | 9,696,304 | ' | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 237,040 | 387,422 | 343,192 | 269,416 |
Restricted cash | ' | ' | ' | ' |
Accounts receivable, net | 177,153 | 174,433 | ' | ' |
Inventories | 164,027 | 146,678 | ' | ' |
Deferred income tax assets | 19,665 | 19,042 | ' | ' |
Prepaid expenses and other current assets | 18,199 | 21,112 | ' | ' |
Prepaid income taxes | 2,475 | 2,303 | ' | ' |
Intercompany receivables | 2,512,661 | 2,442,502 | ' | ' |
Other current assets - assets held-for-sale | ' | ' | ' | ' |
Total current assets | 3,131,220 | 3,193,492 | ' | ' |
Property, plant and equipment, net | 347,764 | 356,736 | ' | ' |
Intangible assets, net | 3,686,929 | 3,784,987 | ' | ' |
Goodwill | 2,391,882 | 2,390,939 | ' | ' |
Long-term intercompany notes receivable | 144,000 | ' | ' | ' |
Other assets | 49,424 | 58,446 | ' | ' |
Investment in subsidiaries | 199,034 | 129,016 | ' | ' |
Total assets | 9,950,253 | 9,913,616 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current portion of long-term debt | ' | ' | ' | ' |
Accounts payable | 51,945 | 42,661 | ' | ' |
Accrued expenses | 66,514 | 79,629 | ' | ' |
Deferred revenue | 8,404 | 7,958 | ' | ' |
Deferred income tax liabilities | ' | ' | ' | ' |
Intercompany payables | ' | ' | ' | ' |
Total current liabilities | 126,863 | 130,248 | ' | ' |
Long-term debt, net of current portion | ' | ' | ' | ' |
Deferred income tax liabilities | 1,398,678 | 1,435,522 | ' | ' |
Deferred service obligations - long-term | 3,476 | 3,511 | ' | ' |
Other long-term liabilities | 29,774 | 37,598 | ' | ' |
Long-term intercompany notes payable | ' | ' | ' | ' |
Total stockholders' equity | 8,391,462 | 8,306,737 | ' | ' |
Total liabilities and stockholders' equity | 9,950,253 | 9,913,616 | ' | ' |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 99,981 | 113,545 | 94,341 | 80,986 |
Restricted cash | 6,149 | 6,914 | ' | ' |
Accounts receivable, net | 104,668 | 108,804 | ' | ' |
Inventories | 52,819 | 60,761 | ' | ' |
Deferred income tax assets | 735 | 494 | ' | ' |
Prepaid expenses and other current assets | 11,172 | 11,003 | ' | ' |
Prepaid income taxes | ' | ' | ' | ' |
Intercompany receivables | 38,572 | 31,949 | ' | ' |
Other current assets - assets held-for-sale | ' | 2,997 | ' | ' |
Total current assets | 314,096 | 336,467 | ' | ' |
Property, plant and equipment, net | 102,482 | 105,479 | ' | ' |
Intangible assets, net | 97,762 | 101,810 | ' | ' |
Goodwill | 139,577 | 140,551 | ' | ' |
Long-term intercompany notes receivable | ' | ' | ' | ' |
Other assets | 1,849 | 1,908 | ' | ' |
Investment in subsidiaries | 279 | 2,296 | ' | ' |
Total assets | 656,045 | 688,511 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current portion of long-term debt | ' | ' | ' | ' |
Accounts payable | 10,411 | 10,008 | ' | ' |
Accrued expenses | 43,978 | 44,319 | ' | ' |
Deferred revenue | 28,076 | 31,055 | ' | ' |
Deferred income tax liabilities | ' | ' | ' | ' |
Intercompany payables | 42,576 | 64,411 | ' | ' |
Total current liabilities | 125,041 | 149,793 | ' | ' |
Long-term debt, net of current portion | ' | ' | ' | ' |
Deferred income tax liabilities | 10,792 | 10,699 | ' | ' |
Deferred service obligations - long-term | 10,936 | 12,864 | ' | ' |
Other long-term liabilities | 35,390 | 33,456 | ' | ' |
Long-term intercompany notes payable | ' | ' | ' | ' |
Total stockholders' equity | 473,886 | 481,699 | ' | ' |
Total liabilities and stockholders' equity | 656,045 | 688,511 | ' | ' |
Eliminations [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' |
Restricted cash | ' | ' | ' | ' |
Accounts receivable, net | ' | ' | ' | ' |
Inventories | ' | ' | ' | ' |
Deferred income tax assets | ' | -19,536 | ' | ' |
Prepaid expenses and other current assets | ' | ' | ' | ' |
Prepaid income taxes | -2,475 | -4,689 | ' | ' |
Intercompany receivables | -2,551,233 | -2,474,451 | ' | ' |
Other current assets - assets held-for-sale | ' | ' | ' | ' |
Total current assets | -2,553,708 | -2,498,676 | ' | ' |
Property, plant and equipment, net | ' | ' | ' | ' |
Intangible assets, net | ' | ' | ' | ' |
Goodwill | ' | ' | ' | ' |
Long-term intercompany notes receivable | -144,000 | ' | ' | ' |
Other assets | ' | ' | ' | ' |
Investment in subsidiaries | -8,868,373 | -8,798,932 | ' | ' |
Total assets | -11,566,081 | -11,297,608 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current portion of long-term debt | ' | ' | ' | ' |
Accounts payable | ' | ' | ' | ' |
Accrued expenses | -2,741 | -4,967 | ' | ' |
Deferred revenue | ' | ' | ' | ' |
Deferred income tax liabilities | ' | -19,536 | ' | ' |
Intercompany payables | -2,553,992 | -2,482,500 | ' | ' |
Total current liabilities | -2,556,733 | -2,507,003 | ' | ' |
Long-term debt, net of current portion | ' | ' | ' | ' |
Deferred income tax liabilities | ' | ' | ' | ' |
Deferred service obligations - long-term | ' | -2,170 | ' | ' |
Other long-term liabilities | ' | ' | ' | ' |
Long-term intercompany notes payable | -144,000 | ' | ' | ' |
Total stockholders' equity | -8,865,348 | -8,788,435 | ' | ' |
Total liabilities and stockholders' equity | ($11,566,081) | ($11,297,608) | ' | ' |
Supplemental_Guarantor_Condens6
Supplemental Guarantor Condensed Consolidating Financials - Schedule of Consolidating Statement of Cash Flows (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
OPERATING ACTIVITIES | ' | ' |
Net cash provided by operating activities | $149,266 | $155,025 |
INVESTING ACTIVITIES | ' | ' |
Payment of additional acquisition consideration | ' | -16,808 |
Proceeds from sale of business, net | 2,431 | 1,488 |
Proceeds from sale of intellectual property | ' | 60,000 |
Purchase of property and equipment | -8,417 | -11,233 |
Increase in equipment under customer usage agreements | -7,968 | -11,214 |
Purchase of insurance contracts | ' | -4,000 |
Net sales (purchases) of insurance contracts | 13,841 | -4,000 |
Purchase of cost-method investments | ' | -3,625 |
Purchases of mutual funds | -29,732 | ' |
Sales of mutual funds | 15,891 | ' |
(Increase) decrease in other assets | -429 | 1,144 |
Net cash (used in) provided by investing activities | -14,383 | 15,752 |
FINANCING ACTIVITIES | ' | ' |
Repayment of long-term debt | -521,250 | -16,250 |
Payment of contingent consideration | ' | -3,408 |
Net proceeds from issuance of common stock pursuant to employee stock plans | 12,906 | 12,777 |
Excess tax benefit related to equity awards | 2,959 | 2,185 |
Payment of employee restricted stock minimum tax withholdings | -9,054 | -7,885 |
Net cash used in financing activities | -514,439 | -12,581 |
Effect of exchange rate changes on cash and cash equivalents | -446 | -155 |
Net (decrease) increase in cash and cash equivalents | -380,002 | 158,041 |
Cash and cash equivalents, beginning of period | 822,490 | 560,430 |
Cash and cash equivalents, end of period | 442,488 | 718,471 |
Parent Company/Issuer [Member] | ' | ' |
OPERATING ACTIVITIES | ' | ' |
Net cash provided by operating activities | 301,568 | 112,839 |
INVESTING ACTIVITIES | ' | ' |
Payment of additional acquisition consideration | ' | -16,808 |
Proceeds from sale of business, net | ' | ' |
Proceeds from sale of intellectual property | ' | ' |
Purchase of property and equipment | -2,873 | -2,887 |
Increase in equipment under customer usage agreements | -418 | -286 |
Purchase of insurance contracts | ' | -4,000 |
Net sales (purchases) of insurance contracts | 13,841 | ' |
Purchase of cost-method investments | ' | -3,400 |
Purchases of mutual funds | -29,732 | ' |
Sales of mutual funds | 15,891 | ' |
(Increase) decrease in other assets | 106 | -1,967 |
Net cash (used in) provided by investing activities | -3,185 | -29,348 |
FINANCING ACTIVITIES | ' | ' |
Repayment of long-term debt | -521,250 | -16,250 |
Payment of contingent consideration | ' | -3,408 |
Net proceeds from issuance of common stock pursuant to employee stock plans | 12,906 | 12,777 |
Excess tax benefit related to equity awards | 2,959 | 2,185 |
Payment of employee restricted stock minimum tax withholdings | -9,054 | -7,885 |
Net cash used in financing activities | -514,439 | -12,581 |
Effect of exchange rate changes on cash and cash equivalents | ' | ' |
Net (decrease) increase in cash and cash equivalents | -216,056 | 70,910 |
Cash and cash equivalents, beginning of period | 321,523 | 210,028 |
Cash and cash equivalents, end of period | 105,467 | 280,938 |
Guarantor Subsidiaries [Member] | ' | ' |
OPERATING ACTIVITIES | ' | ' |
Net cash provided by operating activities | -141,991 | 30,075 |
INVESTING ACTIVITIES | ' | ' |
Payment of additional acquisition consideration | ' | ' |
Proceeds from sale of business, net | ' | ' |
Proceeds from sale of intellectual property | ' | 60,000 |
Purchase of property and equipment | -3,210 | -6,037 |
Increase in equipment under customer usage agreements | -4,265 | -7,172 |
Purchase of insurance contracts | ' | ' |
Net sales (purchases) of insurance contracts | ' | ' |
Purchase of cost-method investments | ' | -225 |
Purchases of mutual funds | ' | ' |
Sales of mutual funds | ' | ' |
(Increase) decrease in other assets | -1,004 | -478 |
Net cash (used in) provided by investing activities | -8,479 | 46,088 |
FINANCING ACTIVITIES | ' | ' |
Repayment of long-term debt | ' | ' |
Payment of contingent consideration | ' | ' |
Net proceeds from issuance of common stock pursuant to employee stock plans | ' | ' |
Excess tax benefit related to equity awards | ' | ' |
Payment of employee restricted stock minimum tax withholdings | ' | ' |
Net cash used in financing activities | ' | ' |
Effect of exchange rate changes on cash and cash equivalents | 88 | -2,387 |
Net (decrease) increase in cash and cash equivalents | -150,382 | 73,776 |
Cash and cash equivalents, beginning of period | 387,422 | 269,416 |
Cash and cash equivalents, end of period | 237,040 | 343,192 |
Non-Guarantor Subsidiaries [Member] | ' | ' |
OPERATING ACTIVITIES | ' | ' |
Net cash provided by operating activities | -10,311 | 12,111 |
INVESTING ACTIVITIES | ' | ' |
Payment of additional acquisition consideration | ' | ' |
Proceeds from sale of business, net | 2,431 | 1,488 |
Proceeds from sale of intellectual property | ' | ' |
Purchase of property and equipment | -2,334 | -2,309 |
Increase in equipment under customer usage agreements | -3,285 | -3,756 |
Purchase of insurance contracts | ' | ' |
Net sales (purchases) of insurance contracts | ' | ' |
Purchase of cost-method investments | ' | ' |
Purchases of mutual funds | ' | ' |
Sales of mutual funds | ' | ' |
(Increase) decrease in other assets | 469 | 3,589 |
Net cash (used in) provided by investing activities | -2,719 | -988 |
FINANCING ACTIVITIES | ' | ' |
Repayment of long-term debt | ' | ' |
Payment of contingent consideration | ' | ' |
Net proceeds from issuance of common stock pursuant to employee stock plans | ' | ' |
Excess tax benefit related to equity awards | ' | ' |
Payment of employee restricted stock minimum tax withholdings | ' | ' |
Net cash used in financing activities | ' | ' |
Effect of exchange rate changes on cash and cash equivalents | -534 | 2,232 |
Net (decrease) increase in cash and cash equivalents | -13,564 | 13,355 |
Cash and cash equivalents, beginning of period | 113,545 | 80,986 |
Cash and cash equivalents, end of period | 99,981 | 94,341 |
Eliminations [Member] | ' | ' |
OPERATING ACTIVITIES | ' | ' |
Net cash provided by operating activities | ' | ' |
INVESTING ACTIVITIES | ' | ' |
Payment of additional acquisition consideration | ' | ' |
Proceeds from sale of business, net | ' | ' |
Proceeds from sale of intellectual property | ' | ' |
Purchase of property and equipment | ' | ' |
Increase in equipment under customer usage agreements | ' | ' |
Purchase of insurance contracts | ' | ' |
Net sales (purchases) of insurance contracts | ' | ' |
Purchase of cost-method investments | ' | ' |
Purchases of mutual funds | ' | ' |
Sales of mutual funds | ' | ' |
(Increase) decrease in other assets | ' | ' |
Net cash (used in) provided by investing activities | ' | ' |
FINANCING ACTIVITIES | ' | ' |
Repayment of long-term debt | ' | ' |
Payment of contingent consideration | ' | ' |
Net proceeds from issuance of common stock pursuant to employee stock plans | ' | ' |
Excess tax benefit related to equity awards | ' | ' |
Payment of employee restricted stock minimum tax withholdings | ' | ' |
Net cash used in financing activities | ' | ' |
Effect of exchange rate changes on cash and cash equivalents | ' | ' |
Net (decrease) increase in cash and cash equivalents | ' | ' |
Cash and cash equivalents, beginning of period | ' | ' |
Cash and cash equivalents, end of period | ' | ' |