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Reportable Segments
3 Months Ended
Jan. 01, 2022
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 months ended January 1, 2022 and January 2, 2021 is as follows (in thousands):
Three Months Ended
 January 1, 2022January 2, 2021
Net sales:
AMER$277,346 $327,567 
APAC491,672 451,302 
EMEA72,863 78,723 
Elimination of inter-segment sales(24,425)(27,237)
$817,456 $830,355 
  
Operating income (loss):
AMER$1,790 $16,482 
APAC60,688 61,542 
EMEA956 (988)
Corporate and other costs(32,961)(30,170)
$30,473 $46,866 
Other income (expense):
Interest expense$(3,046)$(4,086)
Interest income271 374 
Miscellaneous, net(923)(1,518)
Income before income taxes$26,775 $41,636 
  
 January 1,
2022
October 2,
2021
Total assets:
AMER$869,801 $789,385 
APAC1,457,341 1,283,124 
EMEA276,273 275,122 
Corporate and eliminations106,231 114,262 
$2,709,646 $2,461,893