XML 30 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segments
6 Months Ended
Oct. 01, 2017
Disclosure Schedule Of Financial Data For Company Reportable Business Segments And Product Lines [Abstract]  
Business Segments Business Segments

The Company has three reportable business segments based on geographic regions, defined as follows:

Americas, which includes North and South America, with segment headquarters in Reading, Pennsylvania, USA;
EMEA, which includes Europe, the Middle East and Africa, with segment headquarters in Zug, Switzerland; and
Asia, which includes Asia, Australia and Oceania, with segment headquarters in Singapore.

Summarized financial information related to the Company's reportable segments for the second quarter and six months ended October 1, 2017 and October 2, 2016 is shown below:
 
 
Quarter ended
 
Six months ended
 
 
October 1, 2017
 
October 2, 2016
 
October 1, 2017
 
October 2, 2016
Net sales by segment to unaffiliated customers
 
 
 
 
 
 
 
 
Americas
 
$
341,504

 
$
324,824

 
$
696,107

 
$
654,544

EMEA
 
197,856

 
180,566

 
396,933

 
377,696

Asia
 
77,929

 
70,658

 
146,874

 
144,411

Total net sales
 
$
617,289

 
$
576,048

 
$
1,239,914

 
$
1,176,651

Net sales by product line
 
 
 
 
 
 
 
 
Reserve power
 
$
292,238

 
$
277,449

 
$
597,415

 
$
573,490

Motive power
 
325,051

 
298,599

 
642,499

 
603,161

Total net sales
 
$
617,289

 
$
576,048

 
$
1,239,914

 
$
1,176,651

Intersegment sales
 
 
 
 
 
 
 
 
Americas
 
$
8,979

 
$
6,981

 
$
16,216

 
$
12,985

EMEA
 
38,563

 
21,937

 
67,380

 
44,100

Asia
 
5,178

 
8,088

 
10,311

 
11,785

Total intersegment sales (1)
 
$
52,720

 
$
37,006

 
$
93,907

 
$
68,870

Operating earnings by segment
 
 
 
 
 
 
 
 
Americas
 
$
44,029

 
$
49,890

 
$
97,690

 
$
93,200

EMEA
 
17,555

 
16,997

 
31,094

 
36,833

Asia
 
4,182

 
3,574

 
7,426

 
7,757

Restructuring charges - Americas
 
(285
)
 

 
(285
)
 
(892
)
Inventory write-off relating to exit activities - EMEA
 

 
(2,659
)
 

 
(2,659
)
Restructuring charges - EMEA
 
(1,491
)
 
(4,547
)
 
(2,324
)
 
(4,816
)
Restructuring charges - Asia
 

 
(346
)
 

 
(482
)
Total operating earnings (2)
 
$
63,990

 
$
62,909

 
$
133,601

 
$
128,941


(1) Intersegment sales are presented on a cost-plus basis, which takes into consideration the effect of transfer prices between legal entities.
(2) The Company does not allocate interest expense or other (income) expense to the reportable segments.