Operating Segments (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Operating Segment Information

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.

	Enterprise Solutions		Industrial Solutions		Total Segments
	(In thousands)
As of and for the three months ended September 30, 2018
Segment revenues	$	392,080	$	266,923	$	659,003
Affiliate revenues	1,776		15		1,791
Segment EBITDA	72,210		53,750		125,960
Depreciation expense	7,092		4,579		11,671
Amortization of intangibles	12,322		13,211		25,533
Amortization of software development intangible assets	620		—		620
Severance, restructuring, and acquisition integration costs	9,528		2,160		11,688
Purchase accounting effects of acquisitions	821		—		821
Deferred revenue adjustments	3,229		—		3,229
Segment assets	766,505		448,626		1,215,131
As of and for the three months ended October 1, 2017
Segment revenues	$	360,842	$	260,903	$	621,745
Affiliate revenues	971		2		973
Segment EBITDA	62,109		55,747		117,856
Depreciation expense	6,828		4,855		11,683
Amortization of intangibles	13,920		13,242		27,162
Severance, restructuring, and acquisition integration costs	9,309		7,370		16,679
Purchase accounting effects of acquisitions	2,922		—		2,922
Segment assets	658,175		400,538		1,058,713
As of and for the nine months ended September 30, 2018
Segment revenues	$	1,142,765	$	795,102	$	1,937,867
Affiliate revenues	4,318		61		4,379
Segment EBITDA	199,943		153,401		353,344
Depreciation expense	21,465		14,097		35,562
Amortization of intangibles	35,301		39,689		74,990
Amortization of software development intangible assets	1,344		—		1,344
Severance, restructuring, and acquisition integration costs	46,949		10,061		57,010
Purchase accounting effects of acquisitions	2,359		—		2,359
Deferred revenue adjustments	7,889		—		7,889
Segment assets	766,505		448,626		1,215,131
As of and for the nine months ended October 1, 2017
Segment revenues	$	1,023,924	$	759,835	$	1,783,759
Affiliate revenues	4,084		51		4,135
Segment EBITDA	168,073		153,675		321,748
Depreciation expense	20,129		14,465		34,594
Amortization of intangibles	38,241		39,703		77,944
Severance, restructuring, and acquisition integration costs	23,701		9,138		32,839
Purchase accounting effects of acquisitions	4,089		—		4,089
Segment assets	658,175		400,538		1,058,713

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						Nine Months Ended
	September 30, 2018			October 1, 2017			September 30, 2018			October 1, 2017
	(In thousands)
Total Segment Revenues	$	659,003		$	621,745		$	1,937,867		$	1,783,759
Deferred revenue adjustments (1)	(3,229		)	—			(7,889		)	—
Consolidated Revenues	$	655,774		$	621,745		$	1,929,978		$	1,783,759
Total Segment EBITDA	$	125,960		$	117,856		$	353,344		$	321,748
Gain from patent litigation	62,141			—			62,141			—
Costs related to patent litigation	(2,634		)	—			(2,634		)	—
Amortization of intangibles	(25,533		)	(27,162		)	(74,990		)	(77,944		)
Severance, restructuring, and acquisition integration costs (2)	(11,688		)	(16,679		)	(57,010		)	(32,839		)
Depreciation expense	(11,671		)	(11,683		)	(35,562		)	(34,594		)
Deferred revenue adjustments (1)	(3,229		)	—			(7,889		)	—
Purchase accounting effects related to acquisitions (3)	(821		)	(2,922		)	(2,359		)	(4,089		)
Amortization of software development intangible assets	(620		)	—			(1,344		)	—
Loss on sale of assets	—			—			(94		)	—
Income from equity method investment	—			2,551			—			5,835
Eliminations	(627		)	(845		)	(1,616		)	(2,628		)
Consolidated operating income	131,278			61,116			231,987			175,489
Interest expense, net	(14,472		)	(19,385		)	(46,538		)	(66,424		)
Non-operating pension benefit (cost)	1,356			(325		)	824			(880		)
Loss on debt extinguishment	—			(51,594		)	(22,990		)	(52,441		)
Consolidated income (loss) before taxes	$	118,162		$	(10,188	)	$	163,283		$	55,744

(1) For the three and nine months ended September 30, 2018, 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.

(2) See Note 9, Severance, Restructuring, and Acquisition Integration Activities, for details.

(3) For the three and nine months ended September 30, 2018, we recognized cost of sales for the adjustment of acquired inventory to fair value related to the SAM and NT2 acquisitions.