Reportable Segments

6 Months Ended

Apr. 02, 2016

Segment Reporting [Abstract]

Reportable Segments

Reportable 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 the 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 expenses. Corporate and other expenses primarily represent corporate selling and administrative expenses, and restructuring and impairment charges, 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 segments 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 ended April 2, 2016 and April 4, 2015, respectively, is as follows (in thousands):

	Three Months Ended						Six Months Ended
	April 2, 2016			April 4, 2015			April 2, 2016			April 4, 2015
Net sales:
AMER	$	330,240		$	328,753		$	635,337		$	664,015
APAC	270,544			319,156			569,891			652,533
EMEA	43,703			35,773			85,789			63,853
Elimination of inter-segment sales	(25,827		)	(32,397		)	(55,693		)	(64,426		)
	$	618,660		$	651,285		$	1,235,324		$	1,315,975
Operating income (loss):
AMER	$	15,451		$	15,714		$	23,837		$	35,466
APAC	34,862			40,989			71,813			82,770
EMEA	(690		)	(1,793		)	(1,425		)	(5,624		)
Corporate and other costs	(26,277		)	(25,458		)	(49,355		)	(54,378		)
	$	23,346		$	29,452		$	44,870		$	58,234
Other income (expense):
Interest expense	$	(3,674	)	$	(3,383	)	$	(7,208	)	$	(7,160	)
Interest income	1,015			788			1,947			1,686
Miscellaneous	(1,128		)	(60		)	(2,748		)	78
Income before income taxes	$	19,559		$	26,797		$	36,861		$	52,838
	April 2, 2016			October 3, 2015
Total assets:
AMER	$	564,366		$	573,437
APAC	1,028,763			1,011,622
EMEA	129,902			128,306
Corporate and eliminations	(39,507		)	(10,977		)
	$	1,683,524		$	1,702,388