Industry Segment Information

12 Months Ended

Dec. 31, 2011

Industry Segment Information [Abstract]

Industry Segment Information

(15) Industry Segment Information

The following sets forth certain financial information attributable to the Company's reporting segments for fiscal 2011, fiscal 2010 and fiscal 2009, respectively (in thousands):

	Net Sales		Income From Operations		Identifiable Assets		Capital Expenditures		Depreciation and Amortization
2011
Electrical	$	2,533,363	$	222,574	$	3,139,260	$	53,825	$	92,017
Mechanical		274,969		33,139		127,255		3,796		6,221
Total	$	2,808,332	$	255,713	$	3,266,515	$	57,621	$	98,238
2010
Electrical	$	2,001,989	$	210,231	$	2,323,164	$	41,065	$	66,746
Mechanical		235,989		27,504		125,972		3,929		6,123
Total	$	2,237,978	$	237,735	$	2,449,136	$	44,994	$	72,869
2009
Electrical	$	1,637,668	$	144,901	$	1,990,686	$	29,503	$	63,749
Mechanical		188,609		14,619		121,551		4,101		5,395
Total	$	1,826,277	$	159,520	$	2,112,237	$	33,604	$	69,144

The table presents segment sales net of intersegment sales. Sales from the Electrical segment to the Mechanical segment totaled $8.8 million in fiscal 2011, $12.5 million in fiscal 2010 and $9.4 million in fiscal 2009. Sales from the Mechanical segment to the Electrical segment were $2.5 million in fiscal 2011, $2.0 million in fiscal 2010 and $1.7 million in fiscal 2009.

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 certain financial information attributable to geographic regions in which the Company operates for fiscal 2011, fiscal 2010 and fiscal 2009, respectively (in thousands):

	Net Sales
	2011		2010		2009
Geographic Information:
United States	$	1,798,218	$	1,530,866	$	1,335,046
Asia		552,308		414,786		267,035
Rest of the World		457,806		292,326		224,196
	$	2,808,332	$	2,237,978	$	1,826,277

	Long-Lived Assets (Net Property, Plant and Equipment)
	2011		2010		2009
Geographic Information:
United States	$	211,360	$	188,675	$	189,959
Asia		165,701		109,330		81,922
Rest of the World		156,920		98,370		71,190
	$	533,981	$	396,375	$	343,071

Subsequent to the issuance of the Company's consolidated financial statements for the year ended January 1, 2011, the Company determined that it had erroneously included goodwill, intangible, and other non-current assets in its disclosure of the long-lived assets attributable to geographic regions. Accordingly, fiscal 2010 and fiscal 2009 have been restated. The effects of the restatement on the United States, Asia and the rest of the world for fiscal 2010 are $778,173, $109,000 and $76,636, respectively. The effects of the restatement on the United States, Asia and the rest of the word for fiscal 2009 are $687,701, $63,424 and $38,665, respectively.