Operating Segments

6 Months Ended

Jul. 03, 2011

Operating Segments [Abstract]

Operating Segments

Note 3: Operating Segments

We have organized the enterprise around geographic areas. We conduct our operations through three reported operating segments—Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific.

Beginning on January 1, 2011, we allocate corporate expenses to the segments for purposes of measuring segment operating income. Corporate expenses are allocated on the basis of each segment’s relative operating income prior to the allocation. The prior period presentation has been modified accordingly.

	Americas		EMEA		Asia Pacific		Total Segments
			(In thousands)
For the three months ended July 3, 2011
External customer revenues		325,732		115,498		95,021		536,251
Affiliate revenues		11,475		27,482		398		39,355
Operating income		40,379		23,469		9,228		73,076
For the three months ended July 4, 2010
External customer revenues		236,923		92,193		81,447		410,563
Affiliate revenues		12,133		17,880		62		30,075
Operating income		27,053		15,241		7,833		50,127
For the six months ended July 3, 2011
External customer revenues		602,730		219,188		175,961		997,879
Affiliate revenues		23,543		50,148		499		74,190
Operating income		71,951		40,567		15,601		128,119
For the six months ended July 4, 2010
External customer revenues		454,852		182,743		157,392		794,987
Affiliate revenues		24,870		32,623		62		57,555
Operating income		50,841		26,302		13,543		90,686

The following table is a reconciliation of the total of the reportable segments’ operating income to consolidated income from continuing operations before taxes.

	Three Months Ended						Six Months Ended
	July 3, 2011			July 4, 2010			July 3, 2011			July 4, 2010
				(In thousands)
Segment operating income	$	73,076		$	50,127		$	128,119		$	90,686
Eliminations		(14,864	)		(10,517	)		(27,834	)		(19,781	)
Total operating income		58,212			39,610			100,285			70,905
Interest expense		(12,748	)		(14,186	)		(24,556	)		(27,132	)
Interest income		156			136			315			318
Other income		—			1,465			—			1,465
Income from continuing operations before taxes	$	45,620		$	27,025		$	76,044		$	45,556

Revenues by major product group were as follows:

	Three Months Ended				Six Months Ended
	July 3, 2011		July 4, 2010		July 3, 2011		July 4, 2010
			(In thousands)
Cable products	$	378,497	$	312,446	$	697,625	$	603,757
Networking products		81,534		53,962		152,789		103,220
Connectivity products		76,220		44,155		147,465		88,010
Total revenues	$	536,251	$	410,563	$	997,879	$	794,987

The main categories of cable products are (1) copper cables, including shielded and unshielded twisted pair cables, coaxial cables, and stranded cables, (2) fiber optic cables, which transmit light signals through glass or plastic fibers, and (3) composite cables, which are combinations of multiconductor, coaxial, and fiber optic cables jacketed together or otherwise joined together to serve complex applications and provide ease of installation. Connectivity products include both fiber and copper connectors for the enterprise, broadcast, and industrial markets. Connectors are also sold as part of end-to-end structured cabling solutions. Networking products include Industrial Ethernet switches and related equipment, fiber optic interfaces and media converters used to bridge fieldbus networks over long distances, and load-moment indicators for mobile cranes and other load-bearing equipment.