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Segment Information
 9 Months Ended
Sep. 27, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. Our CODM is our Chief Executive Officer. Our reportable segments coincide with the geographic operating segments which include North America, EMEA, Asia-Pacific, and Latin America. The measure of segment profit is income from operations. Our CODM utilizes income from operations to analyze and compare year-over-year and budget-to-actual segment-level operational performance and profitability before non-operational items, ensure optimal alignment with our strategic priorities and make strategic decisions concerning resource allocation across our operating segments.
Geographic areas in which we operated our reportable segments during the periods presented include North America (the United States and Canada), EMEA (Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hungary, Ireland, Israel, Italy, Kosovo, Lebanon, Luxembourg, Macedonia, Morocco, Netherlands, Norway, Oman, Pakistan, Poland, Portugal, Qatar, Romania, Saudi Arabia, Serbia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Arab Emirates and the United Kingdom), Asia-Pacific (Australia, Bangladesh, the People’s Republic of China including Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Sri Lanka, and Thailand) and Latin America (Brazil, Chile, Colombia, Costa Rica, Mexico, Peru, Uruguay and our Latin American export operations in Miami).
We do not allocate stock-based compensation expense or time-vested and performance-vested cash-based compensation recognized to our reportable segments (see Note 3, “Employee Awards”) and certain Corporate costs; therefore, we are reporting these amounts separately. Assets by reportable segment are not presented below as our CODM does not review assets by reportable segment.
Financial information by reportable segment is as follows:
Thirteen Weeks EndedThirty-Nine Weeks Ended
September 27,
2025		September 28,
2024		September 27,
2025		September 28,
2024
Net sales
North America$4,425,888 $4,283,677 $13,842,663 $12,704,320 
EMEA3,662,309 3,470,507 10,566,461 10,194,670 
Asia-Pacific3,549,666 3,153,879 10,646,686 9,161,016 
Latin America965,892 854,565 2,622,744 2,578,995 
Total$12,603,755 $11,762,628 $37,678,554 $34,639,001 
Significant segment expenses
Cost of sales
North America$4,073,703 $3,940,238 $12,791,431 $11,682,053 
EMEA3,390,603 3,204,871 9,774,349 9,414,116 
Asia-Pacific3,395,154 2,999,095 10,203,763 8,702,028 
Latin America874,648 772,932 2,371,443 2,331,944 
Total$11,734,108 $10,917,136 $35,140,986 $32,130,141 
Compensation
North America$192,809 $201,842 $615,064 $639,082 
EMEA133,704 122,974 399,169 378,391 
Asia-Pacific54,156 53,501 157,872 157,081 
Latin America34,674 31,516 99,117 97,252 
Total$415,343 $409,833 $1,271,222 $1,271,806 
Thirteen Weeks EndedThirty-Nine Weeks Ended
September 27,
2025		September 28,
2024		September 27,
2025		September 28,
2024
Depreciation costs
North America$22,130 $19,688 $64,466 $54,547 
EMEA3,718 3,854 11,062 11,520 
Asia-Pacific1,381 1,646 4,370 4,948 
Latin America1,069 1,482 3,084 4,622 
Total$28,298 $26,670 $82,982 $75,637 
Intangible asset amortization
North America$8,227 $10,537 $29,270 $31,619 
EMEA6,382 6,055 18,478 18,009 
Asia-Pacific4,305 4,367 12,889 13,093 
Latin America820 812 2,394 2,544 
Total$19,734 $21,771 $63,031 $65,265 
Other departmental operating expenses (a)
North America$61,259 $49,843 $163,051 $148,102 
EMEA43,466 41,488 124,952 125,901 
Asia-Pacific7,870 19,311 53,406 59,925 
Latin America14,920 12,794 40,609 40,284 
Total$127,515 $123,436 $382,018 $374,212 
Integration and transition costs (b)
North America$6,592 $1,170 $41,767 $3,249 
EMEA87 1,756 443 2,785 
Asia-Pacific125 (2)250 110 
Latin America(1,897)(298)(1,885)(1,650)
Total$4,907 $2,626 $40,575 $4,494 
Other segment items (c)
North America$(17,979)$(22,971)$(58,757)$(61,306)
EMEA22,398 22,597 63,090 75,390 
Asia-Pacific19,129 17,803 56,622 53,846 
Latin America10,675 7,581 28,910 28,537 
Total$34,223 $25,010 $89,865 $96,467 
Total segment expenses$12,364,128 $11,526,482 $37,070,679 $34,018,022 
Income from operations
North America$79,147 $83,330 $196,371 $206,974 
EMEA61,951 66,912 174,918 168,558 
Asia-Pacific67,546 58,158 157,514 169,985 
Latin America30,983 27,746 79,072 75,462 
Segment profit$239,627 $236,146 $607,875 $620,979 
Reconciliation of segment profit to income before income taxes
Corporate$(6,171)$(11,885)$(11,682)$(33,224)
Cash-based compensation(3,925)(6,087)(13,893)(18,332)
Stock-based compensation(6,018)— (15,107)— 
Thirteen Weeks EndedThirty-Nine Weeks Ended
September 27,
2025		September 28,
2024		September 27,
2025		September 28,
2024
Other (income) expense
Interest income$(12,910)$(11,791)$(36,793)$(32,156)
Interest expense81,720 86,254 229,493 257,790 
Net foreign currency exchange (gain) loss(10,207)10,675 34,121 29,938 
Other expense14,381 13,813 29,555 34,784 
Income before income taxes$150,529 $119,223 $310,817 $279,067 
(a) Other Departmental Operating Expenses consist primarily of professional and outside service costs, lease rental and occupancy costs, repair and maintenance costs as well as other miscellaneous operating expenses.
(b) Costs are primarily related to (i) the loss on sale of CloudBlue and another non-strategic business in our North American region in the Thirteen and Thirty-Nine Weeks Ended September 27, 2025, (ii) professional, consulting and integration costs associated with our acquisitions and (iii) consulting, retention and transition costs associated with our restructuring programs charged to SG&A, expenses.
(c) Other segment items consist primarily of management fees and direct management costs which represent costs that are incurred by the North American segment and allocated to the other segments, as well as bad debt/credit/flooring costs, credit card fees and restructuring costs.