Segment Reporting (Tables)

6 Months Ended

Jun. 28, 2014

Summary of Financial Information for Reportable Segments

Summarized financial information for the Company’s reportable segments is shown in the following tables. Periods up to March 30, 2014 have been restated to reflect the basis of segmentation presented below.

	Three months ended				Six months ended
(In thousands)	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Net sales
CMH	$	176,820	$	157,269	$	322,389	$	303,933
EM	74,758		20,275		94,993		38,681
Total net sales	$	251,578	$	177,544	$	417,382	$	342,614

	Three months ended				Six months ended
(In thousands)	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Segment profit
CMH	$	41,069	$	35,971	$	71,595	$	65,111
EM	22,708		3,874		26,412		8,353
Total segment profit	$	63,777	$	39,845	$	98,007	$	73,464

(In thousands)	June 28, 2014		December 31, 2013
Total assets:
CMH	$	487,021	$	400,607
EM	940,871		54,939
Corporate, including cash and cash equivalents	$	435,637	$	419,748
Total assets	$	1,863,529	$	875,294

Reconciliation of Total Segment Profit to Operating Income

The following table reconciles total segment profit to operating (loss) income:

	Three months ended						Six months ended
(In thousands)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Total segment profit	$	63,777		$	39,845		$	98,007		$	73,464
Less:
Charge for fair value write-up of acquired inventory sold	24,293			—			24,293			—
Amortization of intangible assets	9,390			2,359			11,726			4,646
Contingent consideration fair value adjustment	(1,282		)	—			(1,282		)	—
Unallocated general and administrative expenses	54,744			11,099			68,099			22,184
Operating (loss) income	(23,368		)	26,387			(4,829		)	46,634
Interest expense	12,537			40			12,566			44
Interest income	(192		)	(54		)	(415		)	(179		)
Other expense (income), net	1,351			(896		)	1,529			(2,123		)
(Loss) income before income taxes	$	(37,064	)	$	27,297		$	(18,509	)	$	48,892