Segment Information

6 Months Ended

Jul. 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 reportable 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 reportable 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 July 5, 2020:
Net Sales	$	151,222	$	71,874	$	36,408	$	259,504
Depreciation and amortization	3,009		4,417		1,919		9,345
Total assets	685,080		536,782		172,737		1,394,599
Three Months Ended June 30, 2019:
Net Sales	$	207,250	$	95,665	$	54,592	$	357,507
Depreciation and amortization	3,300		4,651		2,108		10,059
Six Months Ended July 5, 2020:
Net Sales	$	309,313	$	166,564	$	71,796	$	547,673
Depreciation and amortization	6,069		8,858		3,937		18,864
Six Months Ended June 30, 2019:
Net Sales	$	367,876	$	188,715	$	98,604	$	655,195
Depreciation and amortization	6,551		9,331		4,240		20,122

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

	Three Months Ended				Six Months Ended
Depreciation and Amortization	July 5, 2020		June 30, 2019		July 5, 2020		June 30, 2019
	(In thousands)
Total segment depreciation and amortization	$	9,345	$	10,059	$	18,864	$	20,122
Corporate depreciation and amortization	1,463		1,295		2,884		2,576
Reported depreciation and amortization	$	10,808	$	11,354	$	21,748	$	22,698

Assets	July 5, 2020
	(In thousands)
Total segment assets	$	1,394,599
Corporate assets	134,082
Eliminations	(227,713		)
Reported total assets	$	1,300,968