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Segment information (Tables) | 3 Months Ended
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Mar. 27, 2022
Segment Reporting [Abstract] |
Segment Results | The following tables present our segment results for the three months ended March 27, 2022 and March 28, 2021:
|  |  | Three Months Ended
|  |  |  |  | March 27, 2022 |  | March 28, 2021
Americas |  |  |  |  | $ | 377,961 |  |  | $ | 375,493 |
EMEA |  |  |  |  | 136,908 |  |  | 141,253 |
Asia |  |  |  |  | 69,190 |  |  | 63,690 |
OEM |  |  |  |  | 57,656 |  |  | 53,489 |
Net revenues |  |  |  |  | $ | 641,715 |  |  | $ | 633,925 |
|  |  | Three Months Ended
|  |  |  |  | March 27, 2022 |  | March 28, 2021
Americas |  |  |  |  | $ | 96,901 |  |  | $ | 83,602 |
EMEA |  |  |  |  | 9,094 |  |  | 22,995 |
Asia |  |  |  |  | 17,417 |  |  | 14,916 |
OEM |  |  |  |  | 10,923 |  |  | 12,562 |
Total segment operating profit (1) |  |  |  |  | 134,335 |  |  | 134,075 |
Unallocated expenses (2) |  |  |  |  | (30,799) |  |  | (30,641) |
Income from continuing operations before interest and taxes |  |  |  |  | $ | 103,536 |  |  | $ | 103,434 |
(1)Segment operating profit includes segment net revenues from external customers reduced by its standard cost of goods sold, adjusted for fixed manufacturing cost absorption variances, selling, general and administrative expenses, research and development expenses and an allocation of corporate expenses. Commencing on January 1, 2022, all corporate expenses are allocated amongst the segments in proportion to the respective amounts of net revenues. The change in the measure of segment operating profit does not impact period over period comparability because the change was immaterial. For the three months ended March 28, 2021, corporate expenses were allocated among the segments in proportion to the respective amounts of one of several items (such as sales, numbers of employees, and amount of time spent), depending on the category of expense involved. (2)Unallocated expenses primarily include manufacturing variances other than fixed manufacturing cost absorption variances, restructuring and impairment charges and gain on sale of business.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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