Reportable Segments

3 Months Ended

Dec. 29, 2018

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 the segments are attributed to the region in which the product is manufactured or the 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 expenses. Corporate and other expenses primarily represent corporate selling and administrative expenses, and restructuring costs and other charges, 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 segments are the same as for the Company taken as a whole.

Information about the Company’s three reportable segments for the three months ended December 29, 2018 and December 30, 2017, respectively, is as follows (in thousands):



	Three Months Ended
	December 29, 2018			December 30, 2017
Net sales:
AMER	$	353,867		$	299,043
APAC	378,112			346,123
EMEA	72,298			63,832
Elimination of inter-segment sales	(38,733		)	(31,704		)
	$	765,544		$	677,294

Operating income (loss):
AMER	$	14,450		$	10,523
APAC	51,811			50,532
EMEA	996			(1,121		)
Corporate and other costs	(30,306		)	(28,377		)
	$	36,951		$	31,557
Other income (expense):
Interest expense	(2,249		)	(3,725		)
Interest income	525			1,555
Miscellaneous, net	(1,112		)	(346		)
Income before income taxes	34,115			29,041



	December 29, 2018		September 29, 2018
Total assets:
AMER	$	718,078	$	645,791
APAC	989,574		937,510
EMEA	193,002		193,797
Corporate and eliminations	69,029		155,544
	$	1,969,683	$	1,932,642