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Segment Reporting (Tables)
6 Months Ended
Jun. 29, 2013
Summary of Financial Information for Reportable Segments
Summarized financial information for the Company’s reportable segments is shown in the following table:
 
 
Three months ended
 
Six months ended
(In thousands)
June 29, 2013
 
June 30, 2012
 
June 29, 2013
 
June 30, 2012
Net sales
 
 
 
 
 
 
 
CCS
$
114,634

 
$
123,144

 
$
218,595

 
$
238,696

ME
45,869

 
44,565

 
90,001

 
85,270

SMD
17,041

 
20,524

 
34,018

 
39,670

Total net sales
$
177,544

 
$
188,233

 
$
342,614

 
$
363,636

 
 
Three months ended
 
Six months ended
(In thousands)
June 29, 2013
 
June 30, 2012
 
June 29, 2013
 
June 30, 2012
Segment profit
 
 
 
 
 
 
 
CCS
$
28,581

 
$
34,683

 
$
50,659

 
$
66,752

ME
9,364

 
8,523

 
18,689

 
14,051

SMD
1,900

 
4,404

 
4,116

 
9,072

Total segment profit
$
39,845

 
$
47,610

 
$
73,464

 
$
89,875

Reconciliation of Total Segment Profit to Operating Income
The following table reconciles total segment profit to operating income:
 
 
Three months ended
 
Six months ended
(In thousands)
June 29, 2013
 
June 30, 2012
 
June 29, 2013
 
June 30, 2012
Total segment profit
$
39,845

 
$
47,610

 
$
73,464

 
$
89,875

Amortization of intangible assets
(2,359
)
 
(2,420
)
 
(4,646
)
 
(4,870
)
Unallocated general and administrative expenses
(11,099
)
 
(13,579
)
 
(22,184
)
 
(26,637
)
Operating income
26,387

 
31,611

 
46,634

 
58,368

Other income, net
(910
)
 
(641
)
 
(2,258
)
 
(805
)
Income before income taxes and equity in net income of affiliates
$
27,297

 
$
32,252

 
$
48,892

 
$
59,173