Note 7 - Segment Information

3 Months Ended

Apr. 03, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 7 – SEGMENT INFORMATION

Based on applicable accounting standards, the Company has determined that it has three operating segments – namely, the Americas, Europe and Asia-Pacific geographic regions. Pursuant to accounting standards, the Company has aggregated the three operating segments into one reporting segment because they have similar economic characteristics, and the operating segments are similar in all of the following areas: (a) the nature of the products and services; (b) the nature of the production processes; (c) the type or class of customer for their products and services; (d) the methods used to distribute their products or provide their services; and (e) the nature of the regulatory environment.

While the Company operates as one reporting segment for the reasons discussed, included below is selected information on our operating segments.

Summary information by operating segment follows:

	AMERICAS		EUROPE		ASIA-PACIFIC		TOTAL
	(in thousands)
Three Months Ended April 3, 2016:
Net Sales	$	130,417	$	57,958	$	34,179	$	222,554
Depreciation and amortization		3,657		1,274		2,216		7,147
Total assets		221,071		251,630		190,499		663,200
Three Months Ended April 5, 2015:
Net Sales	$	139,347	$	64,507	$	33,050	$	236,904
Depreciation and amortization		3,941		1,205		2,365		7,511

A reconciliation of the Company’s total operating segment depreciation and amortization, and assets to the corresponding consolidated amounts follows:

	Three Months Ended
DEPRECIATION AND AMORTIZATION	April 3, 2016		April 5, 2015
	(In thousands)
Total segment depreciation and amortization	$	7,147	$	7,511
Corporate depreciation and amortization		370		278
Reported depreciation and amortization	$	7,517	$	7,789

ASSETS	April 3, 2016
	(In thousands)
Total segment assets	$	663,200
Corporate assets and eliminations		103,272
Reported total assets	$	766,472