Business Segment Information

3 Months Ended

Feb. 23, 2014

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

The Company manages its business according to three regional segments: the Americas, Europe and Asia. The Company considers its chief executive officer to be the Company’s chief operating decision maker. The Company’s management, including the chief operating decision maker, manages business operations, evaluates performance and allocates resources based on the regional segments’ net revenues and operating income.

Effective as of the beginning of 2014, the Company's reporting segments were revised to combine its Middle East and North Africa markets, previously managed by the Company's Europe region, with the Company's Asia Pacific region, which was renamed to Asia as a result of the change. Financial information attributable to these markets are not significant to any of the Company's regional segments individually in any of the periods presented herein, and accordingly, business segment information for the prior year has not been revised.

Business segment information for the Company is as follows:

	Three Months Ended
	February 23, 2014			February 24, 2013
	(Dollars in thousands)
Net revenues:
Americas	$	626,836		$	647,127
Europe	300,426			296,587
Asia	202,728			202,964
Total net revenues	$	1,129,990		$	1,146,678
Operating income:
Americas	$	111,052		$	132,463
Europe	71,406			62,926
Asia	46,902			48,965
Regional operating income	229,360			244,354
Corporate:
Restructuring	57,935			—
Other corporate staff costs and expenses	77,769			62,899
Corporate expenses	135,704			62,899
Total operating income	93,656			181,455
Interest expense	(31,829		)	(32,157		)
Loss on early extinguishment of debt	—			(114		)
Other income, net	4,183			6,066
Income before income taxes	$	66,010		$	155,250