Segment Information

3 Months Ended

Apr. 05, 2020

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

SEGMENT INFORMATION

Based on applicable accounting standards, the Company has determined that it has three operating segments – namely, the Americas, Europe and Asia-Pacific geographic regions. Pursuant to accounting standards, the Company has aggregated the three operating segments into one reporting segment because they have similar economic characteristics, and the operating segments are similar in all of the following areas: (a) the nature of the products and services; (b) the nature of the production processes; (c) the type or class of customer for their products and services; (d) the methods used to distribute their products or provide their services; and (e) the nature of the regulatory environment.

While the Company operates as one reporting segment for the reasons discussed, included below is selected information on our operating segments.

Summary information by operating segment follows:

	AMERICAS		EUROPE		ASIA- PACIFIC		TOTAL
	(In thousands)
Three Months Ended April 5, 2020:
Net Sales	$	158,091	$	94,690	$	35,388	$	288,169
Depreciation and amortization	3,060		4,441		2,018		9,519
Total assets	679,777		530,101		166,391		1,376,269
Three Months Ended March 31, 2019:
Net Sales	$	160,626	$	93,050	$	44,012	$	297,688
Depreciation and amortization	3,251		4,680		2,132		10,063

A reconciliation of the Company’s total operating segment depreciation and amortization, and assets to the corresponding consolidated amounts follows:

	Three Months Ended
DEPRECIATION AND AMORTIZATION	April 5, 2020		March 31, 2019
	(In thousands)
Total segment depreciation and amortization	$	9,519	$	10,063
Corporate depreciation and amortization	1,421		1,281
Reported depreciation and amortization	$	10,940	$	11,344

ASSETS	April 5, 2020
	(In thousands)
Total segment assets	$	1,376,269
Corporate assets	136,931
Eliminations	(226,117		)
Reported total assets	$	1,287,083