Industry Segment Information

12 Months Ended

Dec. 28, 2013

Segment Reporting [Abstract]

Industry Segment Information

(6) Industry Segment Information

The following sets forth certain financial information attributable to the Company's reporting segments for fiscal 2013, fiscal 2012 and fiscal 2011, respectively (in millions):

	Electrical		Mechanical		Eliminations			Total
Fiscal 2013
External sales	$	2,836.7	$	259.0	$	—		$	3,095.7
Intersegment sales	4.4		5.0		(9.4		)	—
Total sales	2,841.1		264.0		(9.4		)	3,095.7
Gross profit	714.4		68.8		—			783.2
Operating expenses	456.9		37.3		—			494.2
Asset impairments and other, net	68.9		12.1		—			81.0
Income from operations	188.6		19.4		—			208.0
Identifiable assets	3,429.2		214.3		—			3,643.5
Depreciation and amortization	115.8		12.7		—			128.5
Capital expenditures	74.3		8.4		—			82.7
Fiscal 2012
External Sales	$	2,870.2	$	296.7	$	—		$	3,166.9
Intersegment sales	3.5		3.9		(7.4		)	—
Total sales	2,873.7		300.6		(7.4		)	3,166.9
Gross profit	691.7		79.3		—			771.0
Operating expenses	418.0		40.2		—			458.2
Income from operations	273.7		39.1		—			312.8
Identifiable assets	3,323.6		245.5		—			3,569.1
Depreciation and amortization	114.0		12.0		—			126.0
Capital expenditures	82.2		8.8		—			91.0
Fiscal 2011
External sales	$	2,533.3	$	275.0	$	—		$	2,808.3
Intersegment sales	8.8		2.5		(11.3		)	—
Total sales	2,542.1		277.5		(11.3		)	2,808.3
Gross profit	590.9		75.1		—			666.0
Operating expenses	368.4		41.9		—			410.3
Income from operations	222.6		33.1		—			255.7
Identifiable assets	3,139.3		127.2		—			3,266.5
Depreciation and amortization	92.0		6.2		—			98.2
Capital expenditures	53.8		3.8		—			57.6

The Electrical segment manufactures and markets AC and DC commercial, industrial, commercial refrigeration, and HVAC electric motors and blowers. These products range in size from sub-fractional and fractional to small integral horsepower motors to larger commercial and industrial motors up to approximately 6,500 horsepower. The Company provides a comprehensive offering of stock models of electric motors in addition to the motors it produces to specific customer specifications. The Company also produces and markets precision servo motors, electric generators and controls ranging in size from five kilowatts through four megawatts, automatic transfer switches and paralleling switchgear to interconnect and control electric power generation equipment. Additionally, the Electrical segment manufactures and markets a full line of AC and DC variable speed drives and controllers and other accessories for a variety of commercial and industrial applications. The Company manufactures capacitors for use in HVAC systems, high intensity lighting and other applications. It sells its Electrical segment's products to original equipment manufacturers, distributors and end users across many markets.

The Mechanical segment manufactures and markets a broad array of mechanical motion control products including standard and custom worm gears, bevel gears, helical gears and concentric shaft gearboxes; marine transmissions; custom gearing; gearmotors; manual valve actuators; and electrical connecting devices. Gear and transmission related products primarily control motion by transmitting power from a source, such as an electric motor, to an end use, such as a conveyor belt, usually reducing speed and increasing torque in the process. Valve actuators are used primarily in oil and gas, water distribution and treatment and chemical processing applications. Mechanical products are sold to original equipment manufacturers, distributors and end users across many industry segments.

The Company evaluates performance based on the segment's income from operations. Corporate costs have been allocated to each segment based primarily on the net sales of each segment. The reported net sales of each segment are from external customers.

The following sets forth net sales by country in which the Company operates for fiscal 2013, fiscal 2012 and fiscal 2011, respectively (in millions):

	Net Sales
	2013		2012		2011
Geographic Information:
United States	$	2,017.6	$	2,127.2	$	1,798.2
Rest of the World	1,078.1		1,039.7		1,010.1
	$	3,095.7	$	3,166.9	$	2,808.3

U.S. net sales for 2013, 2012 and 2011 represented 65.2%, 67.2% and 64.0% of total net sales, respectively. No individual foreign country represented a material portion of total net sales for any of the years presented.

The following sets forth long-lived assets by country in which the Company operates for fiscal 2013 and fiscal 2012, respectively (in millions):

	Long-lived Assets
	2013		2012
Geographic Information:
United States	$	244.5	$	232.7
Mexico	111.4		117.2
China	111.4		107.5
Rest of the World	106.1		115.7
	$	573.4	$	573.1