Business Segments

9 Months Ended

Jun. 28, 2014

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources.

The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for segments are attributed to the region in which the product is manufactured or service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other costs, interest expense, other income (loss), and income taxes. Corporate and other costs primarily represent corporate selling and administrative expenses, and restructuring and impairment costs, if any. These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the regions are the same as for the Company taken as a whole.

Information about the Company’s three reportable segments for the three and nine months endedJune 28, 2014 and June 29, 2013, respectively, follows (in thousands):

	Three Months Ended						Nine Months Ended
	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Net sales:
AMER	$	324,544		$	268,154		$	868,824		$	787,035
APAC	295,625			297,659			831,358			858,357
EMEA	27,563			30,697			86,617			93,809
Elimination of inter-segment sales	(27,227		)	(24,565		)	(74,773		)	(78,900		)
	$	620,505		$	571,945		$	1,712,026		$	1,660,301
Operating income (loss):
AMER	$	18,119		$	16,934		$	50,043		$	52,708
APAC	35,890			31,523			102,143			83,629
EMEA	(3,594		)	(1,159		)	(7,506		)	(546		)
Corporate and other costs	(22,217		)	(22,114		)	(75,721		)	(65,935		)
	$	28,198		$	25,184		$	68,959		$	69,856
Other income (expense):
Interest expense	$	(3,055	)	$	(2,650	)	$	(8,952	)	$	(10,010	)
Interest income	770			402			2,092			1,182
Miscellaneous	1,271			8			2,182			(467		)
Income before income taxes	$	27,184		$	22,944		$	64,281		$	60,561
	June 28, 2014			September 28, 2013
Total assets:
AMER	$	520,811		$	423,048
APAC	858,300			828,672
EMEA	137,321			111,977
Corporate	71,883			83,987
	$	1,588,315		$	1,447,684