Business Segment Information

9 Months Ended

Aug. 24, 2014

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

The Company manages its business according to three regional segments: the Americas, Europe and Asia. The Company considers its chief executive officer to be the Company’s chief operating decision maker. The Company’s management, including the chief operating decision maker, manages business operations, evaluates performance and allocates resources based on the regional segments’ net revenues and operating income.

Effective as of the beginning of 2014, the Company's reporting segments were revised to combine its Middle East and North Africa markets, previously managed by the Company's Europe region, with the Company's Asia Pacific region, which was renamed to Asia as a result of the change. Financial information attributable to these markets are not significant to any of the Company's regional segments individually in any of the periods presented herein, and accordingly, business segment information for the prior year has not been revised.

Business segment information for the Company is as follows:

	Three Months Ended						Nine Months Ended
	August 24, 2014			August 25, 2013			August 24, 2014			August 25, 2013
	(Dollars in thousands)
Net revenues:
Americas	$	697,467		$	710,212		$	1,969,030		$	2,023,253
Europe	285,983			275,211			847,403			824,915
Asia	170,679			155,861			549,533			538,692
Total net revenues	$	1,154,129		$	1,141,284		$	3,365,966		$	3,386,860
Operating income:
Americas	$	122,210		$	125,228		$	342,687		$	376,598
Europe	49,587			45,914			159,181			145,549
Asia	17,366			22,666			88,550			104,233
Regional operating income	189,163			193,808			590,418			626,380
Corporate:
Restructuring	2,371			—			79,411			—
Other corporate staff costs and expenses	81,672			75,722			247,103			227,202
Corporate expenses	84,043			75,722			326,514			227,202
Total operating income	105,120			118,086			263,904			399,178
Interest expense	(27,179		)	(30,903		)	(90,318		)	(95,943		)
Loss on early extinguishment of debt	—			—			(11,151		)	(689		)
Other expense, net	(5,605		)	(10,661		)	(7,544		)	(5,425		)
Income before income taxes	$	72,336		$	76,522		$	154,891		$	297,121