Segment information

3 Months Ended

Mar. 27, 2022

Segment Reporting [Abstract]

Segment information

Segment information

The following tables present our segment results for the three months ended March 27, 2022 and March 28, 2021:

	Three Months Ended
	March 27, 2022		March 28, 2021
Americas	$	377,961	$	375,493
EMEA	136,908		141,253
Asia	69,190		63,690
OEM	57,656		53,489
Net revenues	$	641,715	$	633,925

	Three Months Ended
	March 27, 2022		March 28, 2021
Americas	$	96,901	$	83,602
EMEA	9,094		22,995
Asia	17,417		14,916
OEM	10,923		12,562
Total segment operating profit (1)	134,335		134,075
Unallocated expenses (2)	(30,799)		(30,641)
Income from continuing operations before interest and taxes	$	103,536	$	103,434

(1)Segment operating profit includes segment net revenues from external customers reduced by its standard cost of goods sold, adjusted for fixed manufacturing cost absorption variances, selling, general and administrative expenses, research and development expenses and an allocation of corporate expenses. Commencing on January 1, 2022, all corporate expenses are allocated amongst the segments in proportion to the respective amounts of net revenues. The change in the measure of segment operating profit does not impact period over period comparability because the change was immaterial. For the three months ended March 28, 2021, corporate expenses were allocated among the segments in proportion to the respective amounts of one of several items (such as sales, numbers of employees, and amount of time spent), depending on the category of expense involved.

(2)Unallocated expenses primarily include manufacturing variances other than fixed manufacturing cost absorption variances, restructuring and impairment charges and gain on sale of business.