Operating Segments

3 Months Ended

Mar. 31, 2013

Operating Segments

Note 3: Operating Segments

In 2013, we re-organized the company around four global business platforms: Broadcast, Enterprise Connectivity, Industrial Connectivity, and Industrial IT. Previously, we were organized around geographic regions. The re-organization was executed as a result of our transformation into a global provider of comprehensive signal transmission solutions. We believe the new solution oriented organization will allow us to better capitalize on market opportunities and meet customer demands. We have determined that each of the global business platforms represents a reportable segment. We have revised the prior period segment information to conform to the change in the composition of our reportable segments. The All Other segment represents the financial results of our cable operations that primarily conducted business in the consumer electronics end market, which we sold in December 2012.

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, adjusted for certain items including asset impairment, severance and other restructuring costs, purchase accounting effects related to acquisitions, and amortization of intangible assets.

	Broadcast Solutions			Enterprise Connectivity Solutions		Industrial Connectivity Solutions		Industrial IT Solutions		All Other			Total Segments
	(In thousands)
As of and for the three months ended March 31, 2013
Revenues	$	155,586		$	116,627	$	176,721	$	58,539	$	—		$	507,473
Affiliate revenues		109			2,469		364		30		—			2,972
Operating income (loss)		(146	)		8,835		24,449		9,517		—			42,655
Total assets		271,515			212,809		249,076		57,832		—			791,232
As of and for the three months ended April 1, 2012
Revenues	$	70,057		$	124,352	$	169,633	$	50,882	$	24,676		$	439,600
Affiliate revenues		159			1,649		299		39		—			2,146
Operating income (loss)		1,168			9,752		18,973		5,713		(542	)		35,064
Total assets		97,469			220,581		238,346		53,157		72,194			681,747

Total segment assets do not include cash, goodwill and intangible assets, deferred tax assets, or corporate assets.

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
	March 31, 2013			April 1, 2012
	(In thousands)
Segment operating income	$	42,655		$	35,064
Income from equity method investment		2,271			2,741
Eliminations		(686	)		(679	)
Total operating income		44,240			37,126
Interest expense		(15,905	)		(11,919	)
Interest income		108			351
Income from continuing operations before taxes	$	28,443		$	25,558