Business Segment Information

3 Months Ended

Feb. 25, 2018

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 chief operating decision maker manages business operations, evaluates performance and allocates resources based on the regional segments’ net revenues and operating income.

Business segment information for the Company is as follows:



	Three Months Ended
	February 25, 2018			February 26, 2017
	(Dollars in thousands)
Net revenues:
Americas	$	657,197		$	577,907
Europe	452,722			310,317
Asia	233,766			213,767
Total net revenues	$	1,343,685		$	1,101,991
Operating income:
Americas	$	111,245		$	90,342
Europe	115,286			64,539
Asia	40,709			35,941
Regional operating income	267,240			190,822
Corporate:
Other corporate staff costs and expenses	93,141			82,482
Corporate expenses	93,141			82,482
Total operating income	174,099			108,340
Interest expense	(15,497		)	(19,934		)
Other (expense) income, net	(9,577		)	408
Income before income taxes	$	149,025		$	88,814