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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 29, 2012
Schedule Of Revenue, Operating Income And Identifiable Assets By Segment

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)                                  

Second quarter of fiscal 2012

             

Segment revenue

   $ 284,175       $ 123,371       $ 81,402      $ 28,612       $ 517,560   

Operating income

     59,473         46,623         5,624        3,913         115,633   

Second quarter of fiscal 2011

             

Segment revenue

   $ 236,668       $ 104,029       $ 40,224      $ 26,248       $ 407,169   

Operating income (loss)

     46,987         42,543         (2,684     2,607         89,453   

First two quarters of fiscal 2012

             

Segment revenue

   $ 533,060       $ 270,870       $ 159,785      $ 56,112       $ 1,019,827   

Operating income

     99,550         108,984         12,982        7,252         228,768   

First two quarters of fiscal 2011

             

Segment revenue

   $ 426,702       $ 227,082       $ 84,645      $ 53,033       $ 791,462   

Operating income (loss)

     69,766         95,048         (4,018     6,470         167,266   

As of the second quarter of 2012

             

Accounts receivable

   $ 185,715       $ 71,268       $ 42,782      $ 17,515       $ 317,280   

Inventories

     129,874         44,064         35,577        18,433         227,948   

Goodwill

     902,664         66,948         527,950        24,923         1,522,485   

As of fiscal year end 2011

             

Accounts receivable

   $ 160,218       $ 63,542       $ 36,465      $ 14,976       $ 275,201   

Inventories

     128,433         51,756         31,262        20,612         232,063   

Goodwill

     697,237         68,268         508,260        23,927         1,297,692   
Reconciliation Of The Company's Consolidated Segment Operating Income To Consolidated Income Before Income Taxes

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

 

     Second Quarter of     First Two Quarters of  
     2012     2011     2012     2011  
(Dollars in thousands)                         

Consolidated segment operating income

   $ 115,633      $ 89,453      $ 228,768      $ 167,266   

Unallocated corporate expense

     (19,819     (18,006     (39,543     (33,889

Amortization of purchased intangible assets

     (29,078     (16,576     (57,875     (32,641

Acquisition costs

     (7,815     (3,304     (12,581     (5,494
  

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated operating income

     58,921        51,567        118,769        95,242   

Non-operating income, net

     4,370        8,631        4,849        11,237   
  

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated income before taxes

   $ 63,291      $ 60,198      $ 123,618      $ 106,479