Reportable Segments

6 Months Ended

Apr. 01, 2017

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 other 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 1, 2017 and April 2, 2016, respectively, is as follows (in thousands):

	Three Months Ended						Six Months Ended
	April 1, 2017			April 2, 2016			April 1, 2017			April 2, 2016
Net sales:
AMER	$	272,064		$	330,240		$	586,715		$	635,337
APAC	309,758			270,544			619,727			569,891
EMEA	44,975			43,703			84,424			85,789
Elimination of inter-segment sales	(22,448		)	(25,827		)	(51,498		)	(55,693		)
	$	604,349		$	618,660		$	1,239,368		$	1,235,324
Operating income (loss):
AMER	$	8,229		$	15,451		$	23,026		$	23,837
APAC	50,484			34,862			98,724			71,813
EMEA	(1,221		)	(690		)	(3,456		)	(1,425		)
Corporate and other costs	(24,921		)	(26,277		)	(51,820		)	(49,355		)
	$	32,571		$	23,346		$	66,474		$	44,870
Other income (expense):
Interest expense	$	(3,262	)	$	(3,674	)	$	(6,536	)	$	(7,208	)
Interest income	1,185			1,015			2,256			1,947
Miscellaneous	1,925			(1,128		)	1,251			(2,748		)
Income before income taxes	$	32,419		$	19,559		$	63,445		$	36,861

	April 1, 2017		October 1, 2016
Total assets:
AMER	$	516,359	$	590,850
APAC	1,073,939		1,009,917
EMEA	135,755		136,636
Corporate and eliminations	78,294		28,416
	$	1,804,347	$	1,765,819