Segment information (Tables)

6 Months Ended

Jun. 26, 2022

Segment Reporting [Abstract]

Segment Results

The following tables present our segment results for the three and six months ended June 26, 2022 and June 27, 2021:

	Three Months Ended				Six Months Ended
	June 26, 2022		June 27, 2021		June 26, 2022		June 27, 2021
Americas	$	412,740	$	414,785	$	790,701	$	790,278
EMEA	145,190		157,129		282,098		298,382
Asia	76,609		80,603		145,799		144,293
OEM	70,003		60,956		127,659		114,445
Net revenues	$	704,542	$	713,473	$	1,346,257	$	1,347,398

	Three Months Ended				Six Months Ended
	June 26, 2022		June 27, 2021		June 26, 2022		June 27, 2021
Americas	$	114,467	$	105,379	$	211,368	$	188,981
EMEA	12,725		23,301		21,819		46,296
Asia	21,494		23,188		38,911		38,104
OEM	17,836		15,262		28,759		27,824
Total segment operating profit (1)	166,522		167,130		300,857		301,205
Unallocated expenses (2)	(31,365)		(38,510)		(62,164)		(69,151)
Income from continuing operations before interest and taxes	$	135,157	$	128,620	$	238,693	$	232,054

(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 and six months ended June 27, 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.