SEGMENT INFORMATION

3 Months Ended

Mar. 29, 2013

SEGMENT INFORMATION

NOTE 6 . SEGMENT INFORMATION

The Company is a designer and distributor of positioning solutions enabled by GPS, optical, laser and wireless communications technology. The Company provides products for diverse applications in its targeted markets.

To achieve distribution, marketing, production and technology advantages, the Company manages its operations in the following four segments:

• Engineering and Construction — Consists of hardware and software solutions for a variety of applications including:  survey; heavy civil and building construction; infrastructure; geospatial; railway; mining and utilities.

• Field Solutions — Consists of hardware and software solutions for applications including agriculture, mapping and geographic information systems (GIS), utilities, and energy distribution.

• Mobile Solutions — Consists of hardware and software solutions that enable end-users to monitor and manage their mobile work, mobile workers and mobile assets.

• Advanced Devices — The various operations that comprise this segment are aggregated on the basis that no single operation accounts for more than 10% of the Company’s total revenue, operating income and assets. This segment is comprised of the Component Technologies, Military and Advanced Systems, Applanix, Trimble Outdoors, and ThingMagic businesses.

The Company evaluates each of its segment’s performance and allocates resources based on segment operating income before income taxes and some corporate allocations. The Company and each of its segments employ consistent accounting policies.

The following table presents revenue, operating income and identifiable assets for the four segments. Operating income is revenue less cost of sales and operating expense, excluding general corporate expense, amortization of purchased intangible assets, amortization of acquisition-related inventory step-up, acquisition costs and restructuring costs. The identifiable assets that the Company’s Chief Operating Decision Maker, its Chief Executive Officer, views by segment are accounts receivable, inventories and goodwill.

	Reporting Segments
	Engineering and Construction		Field Solutions		Mobile Solutions		Advanced Devices		Total
(Dollars in thousands)
First Quarter of Fiscal 2013
Segment revenue	$	266,871	$	147,481	$	110,164	$	31,595	$	556,111
Operating income	42,973		59,526		11,573		6,485		120,557
First Quarter of Fiscal 2012
Segment revenue	$	248,885	$	147,499	$	78,383	$	27,500	$	502,267
Operating income	40,077		62,361		7,358		3,339		113,135
As of the First Quarter of Fiscal 2013
Accounts receivable	$	186,909	$	112,239	$	67,224	$	22,478	$	388,850
Inventories	167,070		45,458		30,328		17,740		260,596
Goodwill	949,887		67,769		795,105		25,176		1,837,937
As of Fiscal Year End 2012
Accounts receivable	$	171,580	$	71,465	$	59,720	$	20,712	$	323,477
Inventories	148,241		44,738		30,598		16,952		240,529
Goodwill	958,103		68,684		763,386		25,526		1,815,699

A reconciliation of the Company’s consolidated segment operating income to consolidated income before income taxes is as follows:

	First Quarter of
	2013			2012
(Dollars in thousands)
Consolidated segment operating income	$	120,557		$	113,135
Unallocated corporate expense	(21,350		)	(19,724		)
Amortization of purchased intangible assets	(39,332		)	(28,797		)
Acquisition costs	(3,418		)	(4,766		)
Consolidated operating income	56,457			59,848
Non-operating income (expense), net	(2,088		)	479
Consolidated income before taxes	$	54,369		$	60,327

Unallocated corporate expense includes general corporate expense, amortization of acquisition-related inventory step-up and restructuring costs.