Operating Segments

9 Months Ended

Aug. 29, 2015

Operating Segments Abstract

Segment Reporting Disclosure

Note 11: Operating Segments

We are required to report segment information in the same way that we internally organize our business for assessing performance and making decisions regarding allocation of resources. We evaluate the performance of each of our operating segments based on segment operating income, which is defined as gross profit less selling, general and administrative (SG&A) expenses. Segment operating income excludes special charges, net. Corporate expenses are fully allocated to each operating segment. Inter-segment revenues are recorded at cost plus a markup for administrative costs. Operating results of each segment are regularly reviewed by our chief operating decision maker to make decisions about resources to be allocated to the segments and assess their performance.

The tables below provide certain information regarding net revenue and segment operating incomeof each of our operating segments:

	13 Weeks Ended
	August 29, 2015						August 30, 2014
				Inter-		Segment				Inter-		Segment
		Trade	Segment			Operating		Trade	Segment			Operating
		Revenue	Revenue			Income		Revenue	Revenue			Income
Americas Adhesives	$	218,844	$	4,725	$	33,549	$	237,657	$	6,844	$	21,854
EIMEA		147,434		4,513		4,553		177,478		4,695		3,139
Asia Pacific		95,877		1,137		6,921		63,847		4,222		897
Construction Products		61,978		119		3,520		47,783		309		2,485
Total	$	524,133			$	48,543	$	526,765			$	28,375
	39 Weeks Ended
	August 29, 2015						August 30, 2014
				Inter-		Segment				Inter-		Segment
		Trade	Segment			Operating		Trade	Segment			Operating
		Revenue	Revenue			Income		Revenue	Revenue			Income
Americas Adhesives	$	651,313	$	16,428	$	89,146	$	684,308	$	18,297	$	78,949
EIMEA		446,516		12,174		5,478		538,693		13,228		21,735
Asia Pacific		260,971		8,570		11,760		196,842		10,800		4,443
Construction Products		176,756		541		11,887		136,937		1,272		5,777
Total	$	1,535,556			$	118,271	$	1,556,780			$	110,904

		13 Weeks Ended				39 Weeks Ended
		August 29,		August 30,		August 29,		August 30,
		2015		2014		2015		2014
Segment operating income	$	48,543	$	28,375	$	118,271	$	110,904
Special charges, net		(1,297)		(12,343)		(4,592)		(37,615)
Other income (expense), net		(1,040)		(289)		(1,246)		(1,543)
Interest expense		(6,448)		(5,292)		(18,765)		(14,178)
Income from continuing operations before income taxes and income from equity method investments	$	39,758	$	10,451	$	93,668	$	57,568