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Operating Segments (Tables)

6 Months Ended

Jul. 02, 2017

Segment Reporting [Abstract]

Operating Segment Information

Our measure of segment assets does not include cash, goodwill, intangible assets, deferred tax assets, or corporate assets. All goodwill is allocated to reporting units of our segments for purposes of impairment testing.

		Broadcast Solutions				Enterprise Solutions				Industrial Solutions				Network Solutions				Total Segments
		(In thousands)
As of and for the three months ended July 2, 2017
Segment revenues		$	188,071			$	160,733			$	159,255			$	102,574			$	610,633
Affiliate revenues		94				1,545				275				32				1,946
Segment EBITDA		29,610				26,801				31,036				22,780				110,227
Depreciation expense		4,058				2,695				3,168				1,607				11,528
Amortization expense		13,453				429				640				12,591				27,113
Severance, restructuring, and acquisition integration costs		970				8,141				346				103				9,560
Purchase accounting effects of acquisitions		1,167				—				—				—				1,167
Segment assets		359,160				275,770				282,068				105,070				1,022,068
As of and for the three months ended July 3, 2016
Segment revenues		$	193,521			$	160,401			$	147,808			$	101,651			$	603,381
Affiliate revenues		173				1,328				214				4				1,719
Segment EBITDA		29,505				29,575				27,064				22,191				108,335
Depreciation expense		4,061				3,429				2,709				1,788				11,987
Amortization expense		13,420				432				601				11,810				26,263
Severance, restructuring, and acquisition integration costs		1,319				1,207				2,371				972				5,869
Deferred gross profit adjustments		494				—				—				1,256				1,750
Segment assets		329,250				253,424				255,250				107,176				945,100
As of and for the six months ended July 2, 2017
Segment revenues		$	356,667			$	306,415			$	305,436			$	193,496			$	1,162,014
Affiliate revenues		195				4,103				662				92				5,052
Segment EBITDA		55,010				50,901				56,769				40,657				203,337
Depreciation expense		8,007				5,294				6,374				3,236				22,911
Amortization expense		23,468				853				1,282				25,179				50,782
Severance, restructuring, and acquisition integration costs		1,378				13,014				1,467				301				16,160
Purchase accounting effects of acquisitions		1,167				—				—				—				1,167
Segment assets		359,160				275,770				282,068				105,070				1,022,068
As of and for the six months ended July 3, 2016
Segment revenues		$	364,793			$	296,293			$	288,899			$	197,196			$	1,147,181
Affiliate revenues		597				3,027				396				32				4,052
Segment EBITDA		52,772				53,311				50,051				42,267				198,401
Depreciation expense		8,023				6,818				5,427				3,382				23,650
Amortization expense		26,351				861				1,192				23,391				51,795
Severance, restructuring, and acquisition integration costs		5,697				1,707				3,236				3,637				14,277
Purchase accounting effects of acquisitions		195				—				—				—				195
Deferred gross profit adjustments		1,108				—				—				2,945				4,053
Segment assets		329,250				253,424				255,250				107,176				945,100

Reconciliation of Total Reportable Segments' Revenues and EBITDA to Consolidated Revenues and Consolidated Income from Continuing Operations Before Taxes

The following table is a reconciliation of the total of the reportable segments’ Revenues and EBITDA to consolidated revenues and consolidated income before taxes, respectively.

	Three Months Ended								Six Months Ended
	July 2, 2017				July 3, 2016				July 2, 2017				July 3, 2016
	(In thousands)
Total Segment Revenues	$	610,633			$	603,381			$	1,162,014			$	1,147,181
Deferred revenue adjustments (1)	—				(1,750		)		—				(4,053		)
Consolidated Revenues	$	610,633			$	601,631			$	1,162,014			$	1,143,128
Total Segment EBITDA	$	110,227			$	108,335			$	203,337			$	198,401
Amortization of intangibles	(27,113		)		(26,263		)		(50,782		)		(51,795		)
Depreciation expense	(11,528		)		(11,987		)		(22,911		)		(23,650		)
Severance, restructuring, and acquisition integration costs (2)	(9,560		)		(5,869		)		(16,160		)		(14,277		)
Purchase accounting effects related to acquisitions (3)	(1,167		)		—				(1,167		)		(195		)
Deferred gross profit adjustments (1)	—				(1,750		)		—				(4,053		)
Income from equity method investment	2,277				661				3,284				491
Eliminations	(655		)		(886		)		(1,783		)		(1,717		)
Consolidated operating income	62,481				62,241				113,818				103,205
Interest expense, net	(23,533		)		(24,049		)		(47,039		)		(48,445		)
Loss on debt extinguishment	(847		)		—				(847		)		—
Consolidated income before taxes	$	38,101			$	38,192			$	65,932			$	54,760

(1) For the three and six months ended July 3, 2016 , our segment results include revenues that would have been recorded by acquired businesses had they remained as independent entities. Our consolidated results do not include these revenues due to the purchase accounting effect of recording deferred revenue at fair value.

(2)  See Note 8, Severance, Restructuring, and Acquisition Integration Activities, for details.

(3)  For the three and six months ended July 2, 2017 and July 3, 2016, we recognized cost of sales for the adjustment of acquired inventory to fair value related to the Thinklogical and M2FX acquisitions, respectively.

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- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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-Name Accounting Standards Codification
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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

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