Business Segment Information

6 Months Ended

May 27, 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						Six Months Ended
	May 27, 2018			May 28, 2017			May 27, 2018			May 28, 2017
	(Dollars in thousands)
Net revenues:
Americas	$	669,791		$	602,063		$	1,326,988		$	1,179,970
Europe	366,836			280,386			819,558			590,703
Asia	209,115			185,406			442,881			399,173
Total net revenues	$	1,245,742		$	1,067,855		$	2,589,427		$	2,169,846
Operating income:
Americas	$	97,212		$	101,879		$	208,457		$	192,221
Europe	53,173			34,703			168,459			99,242
Asia	16,410			9,468			57,119			45,409
Regional operating income	166,795			146,050			434,035			336,872
Corporate expenses	90,271			83,399			183,412			165,881
Total operating income	76,524			62,651			250,623			170,991
Interest expense	(14,465		)	(17,895		)	(29,962		)	(37,829		)
Loss on early extinguishment of debt	—			(22,793		)	—			(22,793		)
Other income (expense), net	13,653			(18,087		)	4,076			(17,679		)
Income before income taxes	$	75,712		$	3,876		$	224,737		$	92,690