Segment Information

3 Months Ended

Apr. 01, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company conducts its operations through four geographic operating and reportable segments — North America, Europe, Latin America, and Africa/Asia Pacific. The Company’s operating and reportable segments align with the structure of the Company’s internal management organization. All four segments engage in the development, design, manufacturing, marketing and distribution of copper, aluminum, and fiber optic communication, construction, electric utility and electrical infrastructure wire and cable products. In addition to the above products, the North America, Latin America and Africa/Asia Pacific segments manufacture and distribute rod mill wire and cable products.

Net revenues as shown below represent sales to external customers for each segment. Intersegment sales have been eliminated. In the three months ended April 1, 2016, intersegment sales were $14.6 million in North America, $3.3 million in Europe, and $3.6 million in Latin America. In the three months ended April 3, 2015, intersegment sales were $7.0 million in North America, $12.5 million in Europe, and $4.3 million in Latin America.

The chief operating decision maker ("CODM") evaluates segment performance and allocates resources based on segment operating income. Segment operating income represents income from continuing operations before interest income, interest expense, other income (expense), other financial costs and income tax. Summarized financial information for the Company’s reportable segments reported in continuing operations for the three fiscal months ended April 1, 2016 and April 3, 2015 is as follows:

	Three Fiscal Months Ended
(in millions)	April 1, 2016			April 3, 2015
Net Sales:
North America	$	538.2		$	638.2
Europe	221.9			261.8
Latin America	155.0			205.3
Africa/Asia Pacific	58.9			65.8
Total	$	974.0		$	1,171.1
Segment Operating Income (Loss):
North America	$	17.7		$	29.6
Europe	7.7			5.9
Latin America	(3.7		)	(15.9		)
Africa/Asia Pacific	(6.4		)	(3.4		)
Total	$	15.3		$	16.2

(in millions)	April 1, 2016		December 31, 2015
Total Assets:
North America	$	993.8	$	986.9
Europe	737.9		632.0
Latin America	518.0		480.8
Africa/Asia Pacific	337.7		354.9
Total	$	2,587.4	$	2,454.6

The total assets of the discontinued operations as of April 1, 2016 and December 31, 2015 are $149.3 million and $160.8 million, respectively. The total assets of the discontinued operations are included in the Africa/Asia Pacific segment above.