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Business Segment Information
3 Months Ended
Feb. 26, 2012
Business Segment Information [Abstract]  
BUSINESS SEGMENT INFORMATION

NOTE 11: BUSINESS SEGMENT INFORMATION

 

The Company manages its business according to three regional segments, the Americas, Europe and Asia Pacific. 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. On February 16, 2012, the Company announced organizational changes appointing Anne Rohosy to lead the Company's commercial operations for the Americas and Europe, and formalizing Aaron Boey's leadership of commercial operations for Asia Pacific. Both Ms. Rohosy and Mr. Boey report directly to the Company's chief operating decision maker.

 

 

 Business segment information for the Company is as follows:
          
     Three Months Ended
     February 26, February 27,
     2012 2011
      (Dollars in thousands)
Net revenues:     
  Americas$ 647,294 $ 592,186
  Europe  289,452   311,604
  Asia Pacific  228,215   216,903
    Total net revenues$ 1,164,961 $ 1,120,693
          
Operating income:      
  Americas$ 79,636 $ 75,033
  Europe  52,073   71,291
  Asia Pacific  41,160   37,363
   Regional operating income  172,869   183,687
   Corporate expenses  62,658   84,813
    Total operating income  110,211   98,874
Interest expense  (38,573)   (34,866)
Other income (expense), net  1,172   (5,959)
  Income before income taxes$ 72,810 $ 58,049