Segment Information

3 Months Ended

Mar. 30, 2018

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 and Latin America 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 fiscal months ended March 30, 2018 and March 31, 2017, intersegment sales were $6.3 million and $5.5 million in North America, $3.9 million and $1.1 million in Europe and $5.4 million and $9.9 million in Latin America, respectively.

The chief operating decision maker evaluates segment performance and allocates resources based on segment operating income. Summarized financial information for the Company’s reportable segments for the three fiscal months ended March 30, 2018 and March 31, 2017 is as follows:



	Three Fiscal Months Ended
(in millions)	March 30, 2018			March 31, 2017
Net Sales:
North America	$	586.1		$	543.0
Europe	264.6			181.0
Latin America	168.2			157.9
Africa/Asia Pacific	1.6			36.3
Total	$	1,020.5		$	918.2
Segment Operating Income (Loss):
North America	$	20.7		$	25.4
Europe	7.6			(3.1		)
Latin America	6.6			4.7
Africa/Asia Pacific	(0.6		)	(2.8		)
Total	$	34.3		$	24.2



(in millions)	March 30, 2018		December 31, 2017
Total Assets:
North America	$	1,027.0	$	988.8
Europe	773.3		729.9
Latin America	460.0		487.2
Africa/Asia Pacific	20.0		29.4
Total	$	2,280.3	$	2,235.3