Operating Segments

3 Months Ended

Mar. 30, 2014

Segment Reporting [Abstract]

Operating Segments

Note 3: Operating Segments

We are organized around four global business platforms: Broadcast, Enterprise Connectivity, Industrial Connectivity, and Industrial IT. Each of the global business platforms represents a reportable segment.

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, accelerated depreciation, amortization of intangible assets, and other costs.

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 Connectivity Solutions		Industrial Connectivity Solutions		Industrial IT Solutions		Total Segments
	(In thousands)
As of and for the three months ended March 30, 2014
Revenues	$	165,868		$	108,394	$	159,318	$	54,110	$	487,690
Affiliate revenues		199			2,076		1,356		2		3,633
Operating income		10,568			10,168		20,750		8,147		49,633
Total assets		292,690			228,401		270,295		61,001		852,387
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		273,459			233,521		271,869		57,793		836,642

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 30, 2014			March 31, 2013
	(In thousands)
Segment operating income	$	49,633		$	42,655
Income from equity method investment		954			2,271
Eliminations		(1,076	)		(686	)
Total operating income		49,511			44,240
Interest expense		(18,820	)		(15,905	)
Interest income		150			108
Income from continuing operations before taxes	$	30,841		$	28,443