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Segment Information (Tables) | 6 Months Ended
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Jun. 28, 2015
Segment Information |
Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals |
|  | Second Quarter Ended |  | Six Months Ended |
|  | June 28, 2015 |  | June 29, 2014 |  | June 28, 2015 |  | June 29, 2014 |
|  | (in millions) |
Net sales |  |  |  |  |  |  |  |  |
Americas |  | $ | 262.8 |  | $ | 241.8 |  | $ | 500.2 |  | $ | 460.9 |
EMEA |  | 112.2 |  | 143.9 |  | 221.2 |  | 283.0 |
Asia-Pacific |  | 11.9 |  | 10.3 |  | 21.7 |  | 17.3 |
Consolidated net sales |  | $ | 386.9 |  | $ | 396.0 |  | $ | 743.1 |  | $ | 761.2 |
Operating income (loss) |  |  |  |  |  |  |  |  |
Americas |  | $ | 36.1 |  | $ | 29.0 |  | $ | 60.3 |  | $ | 51.6 |
EMEA |  | 9.4 |  | 13.1 |  | 14.8 |  | 22.0 |
Asia-Pacific |  | (1.8 | ) | 2.1 |  | (0.3 | ) | 3.0 |
Subtotal reportable segments |  | 43.7 |  | 44.2 |  | 74.8 |  | 76.6 |
Corporate (*) |  | (8.9 | ) | (7.6 | ) | (17.2 | ) | (14.2 | )
Consolidated operating income |  | 34.8 |  | 36.6 |  | 57.6 |  | 62.4 |
Interest income |  | 0.2 |  | 0.2 |  | 0.4 |  | 0.3 |
Interest expense |  | (5.9 | ) | (4.9 | ) | (11.8 | ) | (9.8 | )
Other income (expense), net |  | 0.4 |  | 0.1 |  | 0.6 |  | (0.3 | )
Income from continuing operations before income taxes |  | $ | 29.5 |  | $ | 32.0 |  | $ | 46.8 |  | $ | 52.6 |
Capital expenditures |  |  |  |  |  |  |  |  |
Americas |  | $ | 4.1 |  | $ | 2.7 |  | $ | 8.2 |  | $ | 4.9 |
EMEA |  | 2.6 |  | 2.6 |  | 3.8 |  | 5.1 |
Asia-Pacific |  | 0.2 |  | 0.3 |  | 0.5 |  | 0.6 |
Consolidated capital expenditures |  | $ | 6.9 |  | $ | 5.6 |  | $ | 12.5 |  | $ | 10.6 |
Depreciation and amortization |  |  |  |  |  |  |  |  |
Americas |  | $ | 7.1 |  | $ | 4.9 |  | $ | 14.1 |  | $ | 9.7 |
EMEA |  | 5.2 |  | 6.8 |  | 10.6 |  | 13.4 |
Asia-Pacific |  | 0.6 |  | 0.4 |  | 1.2 |  | 0.9 |
Consolidated depreciation and amortization |  | $ | 12.9 |  | $ | 12.1 |  | $ | 25.9 |  | $ | 24.0 |
Identifiable assets (at end of period) |  |  |  |  |  |  |  |  |
Americas |  |  |  |  |  | $ | 1,071.9 |  | $ | 768.2 |
EMEA |  |  |  |  |  | 737.0 |  | 877.9 |
Asia-Pacific |  |  |  |  |  | 84.4 |  | 80.6 |
Consolidated identifiable assets |  |  |  |  |  | $ | 1,893.3 |  | $ | 1,726.7 |
Property, plant and equipment, net (at end of period) |  |  |  |  |  |  |  |  |
Americas |  |  |  |  |  | $ | 85.8 |  | $ | 84.0 |
EMEA |  |  |  |  |  | 88.4 |  | 114.7 |
Asia-Pacific |  |  |  |  |  | 12.4 |  | 13.6 |
Consolidated property, plant and equipment, net |  |  |  |  |  | $ | 186.6 |  | $ | 212.3 |
* Corporate expenses are primarily for administrative compensation expense, internal controls costs, professional fees, including corporate-related legal and audit expenses, shareholder services and benefit administration costs.
Schedule of U.S. net sales of the Company's Americas segment |
|  | Second Quarter Ended |  | Six Months Ended |
|  | June 28, 2015 |  | June 29, 2014 |  | June 28, 2015 |  | June 29, 2014 |
|  | (in millions) |
U.S. net sales |  | $ | 244.4 |  | $ | 222.1 |  | $ | 465.8 |  | $ | 423.7 |
Schedule of intersegment sales for Americas, EMEA and Asia-Pacific |
|  | Second Quarter Ended |  | Six Months Ended |
|  | June 28, 2015 |  | June 29, 2014 |  | June 28, 2015 |  | June 29, 2014 |
|  | (in millions) |
Intersegment Sales |  |  |  |  |  |  |  |  |
Americas |  | $ | 1.9 |  | $ | 1.9 |  | $ | 3.7 |  | $ | 3.1 |
EMEA |  | 2.8 |  | 3.8 |  | 5.5 |  | 7.4 |
Asia-Pacific |  | 32.6 |  | 41.4 |  | 63.1 |  | 80.4 |
Intersegment sales |  | $ | 37.3 |  | $ | 47.1 |  | $ | 72.3 |  | $ | 90.9 |
|  | Second Quarter Ended |  | Six Months Ended |
|  | June 28, 2015 |  | June 29, 2014 |  | June 28, 2015 |  | June 29, 2014 |
|  | (in millions) |
Intersegment Sales |  |  |  |  |  |  |  |  |
Americas |  | $ | 1.9 |  | $ | 1.9 |  | $ | 3.7 |  | $ | 3.1 |
EMEA |  | 2.8 |  | 3.8 |  | 5.5 |  | 7.4 |
Asia-Pacific |  | 32.6 |  | 41.4 |  | 63.1 |  | 80.4 |
Intersegment sales |  | $ | 37.3 |  | $ | 47.1 |  | $ | 72.3 |  | $ | 90.9 |

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