Reportable Segments

9 Months Ended

Jul. 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 nine months ended July 2, 2016 and July 4, 2015, respectively, is as follows (in thousands):

	Three Months Ended						Nine Months Ended
	July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Net sales:
AMER	$	359,412		$	365,860		$	994,750		$	1,029,876
APAC	292,644			313,900			862,535			966,433
EMEA	41,041			33,885			126,830			97,737
Elimination of inter-segment sales	(25,481		)	(44,060		)	(81,175		)	(108,486		)
	$	667,616		$	669,585		$	1,902,940		$	1,985,560
Operating income (loss):
AMER	$	22,099		$	20,369		$	45,937		$	55,506
APAC	38,283			37,082			110,097			119,852
EMEA	(1,572		)	(2,511		)	(2,997		)	(8,136		)
Corporate and other costs	(27,892		)	(26,309		)	(77,249		)	(80,357		)
	$	30,918		$	28,631		$	75,788		$	86,865
Other income (expense):
Interest expense	$	(3,637	)	$	(3,280	)	$	(10,845	)	$	(10,440	)
Interest income	1,134			866			3,081			2,552
Miscellaneous	297			471			(2,451		)	549
Income before income taxes	$	28,712		$	26,688		$	65,573		$	79,526
	July 2, 2016			October 3, 2015
Total assets:
AMER	$	584,039		$	573,437
APAC	1,093,234			1,011,622
EMEA	124,051			128,306
Corporate and eliminations	(40,374		)	(10,977		)
	$	1,760,950		$	1,702,388