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Reportable Segments
 6 Months Ended
Apr. 04, 2020
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 six months ended April 4, 2020 and March 30, 2019, respectively, is as follows (in thousands):
 
 
Three Months Ended
 
Six Months Ended
 
 
April 4,
2020
 
March 30,
2019
 
April 4,
2020
 
March 30,
2019
Net sales:
 
 
 
 
 
 
 
 
AMER
 
$
334,454

 
$
364,490

 
$
687,930

 
$
718,357

APAC
 
387,845

 
378,441

 
838,987

 
756,553

EMEA
 
74,003

 
75,822

 
158,480

 
148,120

Elimination of inter-segment sales
 
(28,938
)
 
(29,702
)
 
(65,624
)
 
(68,435
)
 
 
$
767,364

 
$
789,051

 
$
1,619,773

 
$
1,554,595

 
 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
 
AMER
 
$
289

 
$
14,230

 
$
12,586

 
$
28,680

APAC
 
49,874

 
48,704

 
112,252

 
100,515

EMEA
 
(544
)
 
(133
)
 
(858
)
 
863

Corporate and other costs
 
(32,410
)
 
(29,627
)
 
(66,837
)
 
(59,933
)
 
 
$
17,209

 
$
33,174

 
$
57,143

 
$
70,125

Other income (expense):
 
 
 
 
 
 
 
 
Interest expense
 
$
(3,814
)
 
$
(3,145
)
 
$
(7,946
)
 
$
(5,394
)
Interest income
 
533

 
440

 
1,178

 
965

Miscellaneous, net
 
154

 
(1,773
)
 
(2,019
)
 
(2,885
)
Income before income taxes
 
$
14,082

 
$
28,696

 
$
48,356

 
$
62,811

 
 
 
 
 
 
 
 
 


 
 
April 4,
2020
 
September 28,
2019
Total assets:
 
 
 
 
AMER
 
$
796,760

 
$
751,990

APAC
 
974,617

 
958,744

EMEA
 
242,040

 
209,541

Corporate and eliminations
 
81,781

 
80,608

 
 
$
2,095,198

 
$
2,000,883