(in millions, except per share data) Year Ended February 27, 1998 February 28, 1997 February 23, 1996 Net sales    $ 2,760.0    $ 2,408.4    $ 2,155.9 Cost of sales   1,756.6   1,551.6   1,468.2 Gross profit   1,003.4   856.8   687.7 Selling, general and administrative expenses   686.0   630.4   524.1 Patent litigation expense   —   84.8   — Operating income   317.4   141.6   163.6 Patent litigation interest expense   —   (111.7)   — Other income, net   22.6   21.4   24.0 Income before provision for income taxes and equity in                net income of joint ventures and dealer transitions   340.0   51.3   187.6 Provision for income taxes   130.9   23.6   68.1 Income before equity in net income of                joint ventures and dealer transitions   209.1   27.7   119.5 Equity in net income of joint                ventures and dealer transitions   7.9   —   4.0 Net income $ 217.0 $ 27.7 $ 123.5               Basic and Diluted earnings per share $ 1.40 $ 0.18 $ 0.80 The accompanying notes are an integral part of these consolidated financial statements.