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Reportable Segments
 9 Months Ended
Jun. 29, 2019
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 the 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 costs 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 nine months ended June 29, 2019 and June 30, 2018, respectively, is as follows (in thousands):
 
 
Three Months Ended
 
Nine Months Ended
 
 
June 29,
2019
 
June 30,
2018
 
June 29,
2019
 
June 30,
2018
Net sales:
 
 
 
 
 
 
 
 
AMER
 
$
366,466

 
$
298,375

 
$
1,084,823

 
$
899,253

APAC
 
384,841

 
383,785

 
1,141,394

 
1,080,283

EMEA
 
81,318

 
74,331

 
229,438

 
212,105

Elimination of inter-segment sales
 
(32,981
)
 
(30,106
)
 
(101,416
)
 
(89,311
)
 
 
$
799,644

 
$
726,385

 
$
2,354,239

 
$
2,102,330

 
 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
 
AMER
 
$
14,221

 
$
6,799

 
$
42,901

 
$
28,025

APAC
 
51,264

 
55,274

 
151,779

 
154,977

EMEA
 
1,522

 
1,837

 
2,385

 
1,105

Corporate and other costs
 
(32,604
)
 
(31,464
)
 
(92,537
)
 
(102,789
)
 
 
$
34,403

 
$
32,446

 
$
104,528

 
$
81,318

Other income (expense):
 
 
 
 
 
 
 
 
Interest expense
 
(3,711
)
 
(2,910
)
 
(9,105
)
 
(10,182
)
Interest income
 
445

 
1,068

 
1,410

 
4,049

Miscellaneous, net
 
(1,419
)
 
(1,052
)
 
(4,304
)
 
(1,875
)
Income before income taxes
 
29,718

 
29,552

 
92,529

 
73,310

 
 
 
 
 
 
 
 
 
 
 
June 29,
2019
 
September 29,
2018
Total assets:
 
 
 
 
AMER
 
$
769,891

 
$
645,791

APAC
 
957,685

 
937,510

EMEA
 
211,073

 
193,797

Corporate and eliminations
 
77,582

 
155,544

 
 
$
2,016,231

 
$
1,932,642