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Business Segments | 9 Months Ended
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Dec. 30, 2018
Segment Reporting [Abstract] |
Business Segments | Business Segments The Company has three reportable business segments based on geographic regions, defined as follows:
• | Americas, which includes North and South America, with segment headquarters in Reading, Pennsylvania, USA;
• | EMEA, which includes Europe, the Middle East and Africa, with segment headquarters in Zug, Switzerland; and
• | Asia, which includes Asia, Australia and Oceania, with segment headquarters in Singapore.
Summarized financial information related to the Company's reportable segments for the third quarter and nine months ended December 30, 2018 and December 31, 2017 is shown below:
|  | Quarter ended |  | Nine months ended
|  | December 30, 2018 |  | December 31, 2017 |  | December 30, 2018 |  | December 31, 2017
Net sales by segment to unaffiliated customers |  |  |  |  |  |  |  |
Americas |  | $ | 401,999 |  |  | $ | 353,237 |  |  | $ | 1,183,147 |  |  | $ | 1,049,344 |
EMEA |  | 217,792 |  |  | 224,931 |  |  | 632,283 |  |  | 621,864 |
Asia |  | 60,231 |  |  | 80,767 |  |  | 195,984 |  |  | 227,641 |
Total net sales |  | $ | 680,022 |  |  | $ | 658,935 |  |  | $ | 2,011,414 |  |  | $ | 1,898,849 |
Net sales by product line |  |  |  |  |  |  |  |
Reserve power |  | $ | 329,478 |  |  | $ | 326,989 |  |  | $ | 966,834 |  |  | $ | 924,404 |
Motive power |  | 350,544 |  |  | 331,946 |  |  | 1,044,580 |  |  | 974,445 |
Total net sales |  | $ | 680,022 |  |  | $ | 658,935 |  |  | $ | 2,011,414 |  |  | $ | 1,898,849 |
Intersegment sales |  |  |  |  |  |  |  |
Americas |  | $ | 7,208 |  |  | $ | 7,144 |  |  | $ | 20,954 |  |  | $ | 23,360 |
EMEA |  | 26,354 |  |  | 29,989 |  |  | 93,480 |  |  | 97,369 |
Asia |  | 12,823 |  |  | 6,213 |  |  | 28,492 |  |  | 16,524 |
Total intersegment sales (1) |  | $ | 46,385 |  |  | $ | 43,346 |  |  | $ | 142,926 |  |  | $ | 137,253 |
Operating earnings by segment |  |  |  |  |  |  |  |
Americas |  | $ | 37,961 |  |  | $ | 43,233 |  |  | $ | 134,003 |  |  | $ | 141,176 |
EMEA |  | 17,659 |  |  | 24,042 |  |  | 48,691 |  |  | 55,618 |
Asia |  | 627 |  |  | 3,318 |  |  | 4,475 |  |  | 10,744 |
Inventory step up to fair value relating to acquisition - Americas |  | (3,747 | ) |  | — |  |  | (3,747 | ) |  | — |
Restructuring charges - Americas |  | (628 | ) |  | (961 | ) |  | (628 | ) |  | (1,246 | )
Restructuring and other exit charges - EMEA |  | (4,411 | ) |  | (847 | ) |  | (6,610 | ) |  | (3,171 | )
Inventory adjustment relating to exit activities - Asia |  | — |  |  | — |  |  | (526 | ) |  | — |
Restructuring charges - Asia |  | (353 | ) |  | — |  |  | (1,014 | ) |  | — |
Legal proceedings settlement income |  | 2,843 |  |  | — |  |  | 2,843 |  |  | — |
Total operating earnings (2) |  | $ | 49,951 |  |  | $ | 68,785 |  |  | $ | 177,487 |  |  | $ | 203,121 |
(1) Intersegment sales are presented on a cost-plus basis, which takes into consideration the effect of transfer prices between legal entities. (2) The Company does not allocate interest expense or other (income) expense to the reportable segments.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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