Business Segment And Major Customer Information

6 Months Ended

Mar. 31, 2012

Business Segment And Major Customer Information [Abstract]

Business Segment And Major Customer Information

NOTE 10 - BUSINESS SEGMENT AND MAJOR CUSTOMER INFORMATION

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 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 costs, interest expense, other income (loss), and income taxes. Corporate and other costs primarily represent corporate selling and administrative expenses, and restructuring and impairment costs, 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 regions 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 March 31, 2012 and April 2, 2011 were as follows (in thousands):

		Three Months Ended						Six Months Ended
		March 31,			April 2,			March 31,			April 2,
		2012			2011			2012			2011
Net sales:
AMER	$	331,706		$	332,389		$	652,559		$	676,447
APAC		261,557			265,859			496,263			538,383
EMEA		27,809			24,307			47,271			44,395
Elimination of inter-segment sales		(47,602	)		(54,410	)		(92,969	)		(125,306	)
	$	573,470		$	568,145		$	1,103,124		$	1,133,919
Operating income (loss):
AMER	$	26,234		$	18,999		$	49,267		$	37,499
APAC		21,837			29,581			44,794			62,262
EMEA		290			73			(600	)		(206	)
Corporate and other costs		(22,593	)		(22,243	)		(43,931	)		(45,296	)
	$	25,768		$	26,410		$	49,530		$	54,259
Other income (expense)
Interest expense		(4,020	)		(2,082	)		(8,080	)		(4,263	)
Interest income		415			273			898			566
Miscellaneous		228			(16	)		(317	)		(157	)
Income before income taxes	$	22,391		$	24,585		$	42,031		$	50,405
		March 31,			October 1,
		2012			2011
Total assets:
AMER	$	417,992		$	451,044
APAC		714,179			631,054
EMEA		80,415			76,365
Corporate		166,761			146,062
	$	1,379,347		$	1,304,525

The percentages of net sales to customers representing 10 percent or more of total net sales for the indicated periods were as follows:

			Three Months Ended					Six Months Ended
			March 31,	April 2,				March 31,	April 2,
			2012	2011				2012	2011
Juniper Networks, Inc. ("Juniper")	14	%		16	%	18	%		17	%
The Coca-Cola Company ("Coca-Cola")	12	%		*		10	%		*

* Represents less than 10 percent of total net sales in the indicated periods.

No other customers accounted for 10 percent or more of net sales in either period.