Operating Segments

9 Months Ended

Sep. 28, 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 September 28, 2014
Revenues	$	254,230	$	115,349	$	171,105	$	70,090	$	-	$	610,774
Affiliate revenues		318		2,147		397		10		-		2,872
Operating income		13,423		14,208		20,965		9,367		-		57,963
Total assets		433,063		223,726		270,078		64,757		-		991,624
As of and for the three months ended September 29, 2013
Revenues	$	176,062	$	123,406	$	167,008	$	56,002	$	-	$	522,478
Affiliate revenues		118		1,930		475		228		-		2,751
Operating income		7,541		13,984		22,926		9,193		-		53,644
Total assets		294,268		234,957		268,551		57,245		-		855,021
As of and for the nine months ended September 28, 2014
Revenues	$	668,213	$	345,015	$	508,667	$	177,460	$	-	$	1,699,355
Affiliate revenues		601		5,852		2,237		18		-		8,708
Operating income (loss)		(2,311)		38,109		60,054		23,516		-		119,368
Total assets		433,063		223,726		270,078		64,757		-		991,624
As of and for the nine months ended September 29, 2013
Revenues	$	498,199	$	372,962	$	515,621	$	172,660	$	-	$	1,559,442
Affiliate revenues		754		6,938		1,254		288		-		9,234
Operating income		10,900		37,494		71,719		27,935		1,278		149,326
Total assets		294,268		234,957		268,551		57,245		-		855,021

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				Nine Months Ended
	September 28, 2014		September 29, 2013		September 28, 2014		September 29, 2013
	(In thousands)
Segment operating income	$	57,963	$	53,644	$	119,368	$	149,326
Income from equity method investment		1,030		758		3,240		5,285
Eliminations		(982)		(467)		(2,760)		(2,523)
Total operating income		58,011		53,935		119,848		152,088
Interest expense		(21,656)		(19,259)		(58,679)		(53,509)
Interest income		159		92		420		349
Income from continuing operations before taxes	$	36,514	$	34,768	$	61,589	$	98,928