Segment Information

6 Months Ended

Jul. 01, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company conducts its operations through four geographic operating and reportable segments — North America, Europe, Latin America, and Africa/Asia Pacific. The Company’s operating and reportable segments align with the structure of the Company’s internal management organization. All four segments engage in the development, design, manufacturing, marketing and distribution of copper, aluminum, and fiber optic communication, construction, electric utility and electrical infrastructure wire and cable products. In addition to the above products, the North America, Latin America and Africa/Asia Pacific segments manufacture and distribute rod mill wire and cable products.

Net revenues as shown below represent sales to external customers for each segment. Intersegment sales have been eliminated. In the three and six months ended July 1, 2016, intersegment sales were $9.1 million and $23.7 million in North America, $1.1 million and $4.4 million in Europe, and $6.2 million and $9.8 million in Latin America, respectively. In the three and six months ended July 3, 2015, intersegment sales were $10.8 million and $17.8 million in North America, $1.8 million and $14.3 million in Europe, and $5.2 million and $9.5 million in Latin America, respectively.

The chief operating decision maker ("CODM") evaluates segment performance and allocates resources based on segment operating income. Segment operating income represents income from continuing operations before interest income, interest expense, other income (expense), other financial costs and income tax. Summarized financial information for the Company’s reportable segments reported in continuing operations for the three and six fiscal months ended July 1, 2016 and July 3, 2015 is as follows:

	Three Fiscal Months Ended						Six Fiscal Months Ended
(in millions)	July 1, 2016			July 3, 2015			July 1, 2016			July 3, 2015
Net Sales:
North America	$	530.9		$	609.4		$	1,069.1		$	1,247.6
Europe	229.5			250.9			451.4			512.7
Latin America	168.2			188.8			323.2			394.1
Africa/Asia Pacific	61.4			64.3			120.3			130.1
Total	$	990.0		$	1,113.4		$	1,964.0		$	2,284.5
Segment Operating Income (Loss):
North America	$	73.8		$	30.9		$	91.5		$	60.5
Europe	(1.5		)	(1.2		)	6.2			4.7
Latin America	0.4			(2.5		)	(3.3		)	(18.4		)
Africa/Asia Pacific	(14.6		)	(3.5		)	(21.0		)	(6.9		)
Total	$	58.1		$	23.7		$	73.4		$	39.9

(in millions)	July 1, 2016		December 31, 2015
Total Assets:
North America	$	960.1	$	986.9
Europe	705.0		632.0
Latin America	504.7		480.8
Africa/Asia Pacific	296.8		354.9
Total	$	2,466.6	$	2,454.6

The total assets of the discontinued operations as of July 1, 2016 and December 31, 2015 are $146.1 million and $160.8 million, respectively. The total assets of the discontinued operations are included in the Africa/Asia Pacific segment above.