Operating Segments (Tables)

3 Months Ended

Apr. 02, 2017

Our measure of segment assets does not include cash, goodwill, intangible assets, deferred tax assets, or corporate assets. All goodwill is allocated to reporting units of our segments for purposes of impairment testing.



	Broadcast Solutions		Enterprise Solutions		Industrial Solutions		Network Solutions		Total Segments

	(In thousands)
As of and for the three months ended April 2, 2017
Segment revenues	$	168,596	$	145,682	$	146,181	$	90,922	$	551,381
Affiliate revenues	101		2,558		387		60		3,106
Segment EBITDA	25,400		24,100		25,733		17,877		93,110
Depreciation expense	3,949		2,599		3,206		1,629		11,383
Amortization expense	10,015		424		642		12,588		23,669
Severance, restructuring, and acquisition integration costs	408		4,873		1,121		198		6,600
Segment assets	321,342		250,198		264,016		105,156		940,712
As of and for the three months ended April 3, 2016
Segment revenues	$	171,272	$	135,892	$	141,091	$	95,545	$	543,800
Affiliate revenues	424		1,699		182		28		2,333
Segment EBITDA	23,267		23,736		22,987		20,076		90,066
Depreciation expense	3,962		3,389		2,718		1,594		11,663
Amortization expense	12,931		429		591		11,581		25,532
Severance, restructuring, and acquisition integration costs	4,378		500		865		2,665		8,408
Purchase accounting effects of acquisitions	195		—		—		—		195
Deferred gross profit adjustments	614		—		—		1,689		2,303
Segment assets	332,009		233,422		248,971		105,451		919,853

Reconciliation of Total Reportable Segments' Revenues and EBITDA to Consolidated Revenues and Consolidated Income from Continuing Operations Before Taxes

The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income before taxes, respectively.



	Three Months Ended
	April 2, 2017			April 3, 2016

	(In thousands)
Total Segment Revenues	$	551,381		$	543,800
Deferred revenue adjustments (1)	—			(2,303		)
Consolidated Revenues	$	551,381		$	541,497
Total Segment EBITDA	$	93,110		$	90,066
Amortization of intangibles	(23,669		)	(25,532		)
Depreciation expense	(11,383		)	(11,663		)
Severance, restructuring, and acquisition integration costs (2)	(6,600		)	(8,408		)
Deferred gross profit adjustments (1)	—			(2,303		)
Purchase accounting effects related to acquisitions (3)	—			(195		)
Income (loss) from equity method investment	1,007			(170		)
Eliminations	(1,128		)	(831		)
Consolidated operating income	51,337			40,964
Interest expense, net	(23,506		)	(24,396		)
Consolidated income before taxes	$	27,831		$	16,568

(1) For the three months ended April 3, 2016, our segment results include revenues that would have been recorded by acquired businesses had they remained as independent entities. Our consolidated results do not include these revenues due to the purchase accounting effect of recording deferred revenue at fair value. For the three months ended April 2, 2017, the purchase accounting effect of recording deferred revenue for previous acquisitions was zero.

(2) See Note 8, Severance, Restructuring, and Acquisition Integration Activities, for details.

(3) For the three months ended April 3, 2016, we recognized cost of sales for the adjustment of acquired inventory to fair value related to the M2FX acquisition.