Operating Segments

6 Months Ended

Jun. 29, 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. 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, 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		All Other		Total      Segments
	(In thousands)
As of and for the three months ended June 29, 2014
Revenues	$	248,115	$	121,272	$	178,244	$	53,260	$	-	$	600,891
Affiliate revenues		84		1,628		485		6		-		2,203
Operating income (loss)		(26,302)		13,733		18,339		6,002		-		11,772
Total assets		419,814		236,860		282,874		70,998		-		1,010,546
As of and for the three months ended June 30, 2013
Revenues	$	166,551	$	132,929	$	171,892	$	58,119	$	-	$	529,491
Affiliate revenues		526		2,539		415		30		-		3,510
Operating income		3,505		14,675		24,344		9,225		1,278		53,027
Total assets		272,506		242,120		272,974		60,521		-		848,121
As of and for the six months ended June 29, 2014
Revenues	$	413,983	$	229,666	$	337,562	$	107,370	$	-	$	1,088,581
Affiliate revenues		283		3,704		1,841		8		-		5,836
Operating income (loss)		(15,734)		23,901		39,089		14,149		-		61,405
Total assets		419,814		236,860		282,874		70,998		-		1,010,546
As of and for the six months ended June 30, 2013
Revenues	$	322,137	$	249,556	$	348,613	$	116,658	$	-	$	1,036,964
Affiliate revenues		636		5,008		779		60		-		6,483
Operating income		3,359		23,510		48,793		18,742		1,278		95,682
Total assets		272,506		242,120		272,974		60,521		-		848,121

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

	Three Months Ended				Six Months Ended
	June 29, 2014		June 30, 2013		June 29, 2014		June 30, 2013
	(In thousands)
Segment operating income	$	11,772	$	53,027	$	61,405	$	95,682
Income from equity method investment		1,256		2,256		2,210		4,527
Eliminations		(702)		(1,370)		(1,778)		(2,056)
Total operating income		12,326		53,913		61,837		98,153
Interest expense		(18,203)		(18,345)		(37,023)		(34,250)
Interest income		111		149		261		257
Income (loss) from continuing operations before taxes	$	(5,766)	$	35,717	$	25,075	$	64,160