Business Segments

6 Months Ended

Mar. 29, 2014

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources.

The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for segments are attributed to the region in which the product is manufactured or service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other costs, interest expense, other income (loss), and income taxes. Corporate and other costs primarily represent corporate selling and administrative expenses, and restructuring and impairment costs, if any. These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the regions are the same as for the Company taken as a whole.

Information about the Company’s three reportable segments for the three and six months endedMarch 29, 2014 and March 30, 2013, respectively, follows (in thousands):

	Three Months Ended						Six Months Ended
	March 29, 2014			March 30, 2013			March 29, 2014			March 30, 2013
Net sales:
AMER	$	279,271		$	259,857		$	544,280		$	518,881
APAC	265,582			288,269			535,733			560,698
EMEA	32,240			34,942			59,054			63,112
Elimination of inter-segment sales	(19,477		)	(25,244		)	(47,546		)	(54,335		)
	$	557,616		$	557,824		$	1,091,521		$	1,088,356
Operating income (loss):
AMER	$	14,868		$	16,496		$	31,924		$	35,774
APAC	34,312			26,906			66,254			52,106
EMEA	(1,448		)	835			(3,913		)	613
Corporate and other costs	(28,732		)	(21,049		)	(53,504		)	(43,821		)
	$	19,000		$	23,188		$	40,761		$	44,672
Other income (expense):
Interest expense	$	(3,082	)	$	(3,640	)	$	(5,896	)	$	(7,360	)
Interest income	683			383			1,322			780
Miscellaneous	671			—			911			(475		)
Income before income taxes	$	17,272		$	19,931		$	37,098		$	37,617
	March 29, 2014			September 28, 2013
Total assets:
AMER	$	450,774		$	423,048
APAC	888,278			828,672
EMEA	109,920			111,977
Corporate	45,770			83,987
	$	1,494,742		$	1,447,684