Business Segments

3 Months Ended

Jan. 03, 2015

Segment Reporting [Abstract]

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, interest income, other miscellaneous income (expense), 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 months endedJanuary 3, 2015 and December 28, 2013, respectively, follows (in thousands):

	Three Months Ended
	January 3, 2015			December 28, 2013
Net sales:
AMER	$	335,262		$	265,009
APAC	333,377			270,150
EMEA	28,079			26,814
Elimination of inter-segment sales	(32,028		)	(28,068		)
	$	664,690		$	533,905
Operating income (loss):
AMER	$	17,996		$	17,056
APAC	41,781			31,942
EMEA	(3,831		)	(2,465		)
Corporate and other costs	(27,163		)	(24,772		)
	$	28,783		$	21,761
Other income (expense):
Interest expense	$	(3,777	)	$	(2,815	)
Interest income	897			639
Miscellaneous	138			240
Income before income taxes	$	26,041		$	19,825
	January 3, 2015			September 27, 2014
Total assets:
AMER	$	546,696		$	521,259
APAC	911,759			881,426
EMEA	105,728			135,841
Corporate and eliminations	(1,241		)	70,500
	$	1,562,942		$	1,609,026