v2.4.0.8
Business Segments
 9 Months Ended
Jun. 28, 2014
Segment Reporting [Abstract]  
Business Segments
BUSINESS SEGMENTS
Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources.
The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for segments are attributed to the region in which the product is manufactured or service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other costs, interest expense, other income (loss), and income taxes. Corporate and other costs primarily represent corporate selling and administrative expenses, and restructuring and impairment costs, if any. These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the regions are the same as for the Company taken as a whole.

Information about the Company’s three reportable segments for the three and nine months ended June 28, 2014 and June 29, 2013, respectively, follows (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
June 28,
2014
 
June 29,
2013
 
June 28,
2014
 
June 29,
2013
Net sales:
 
 
 
 
 
 
 
AMER
$
324,544

 
$
268,154

 
$
868,824

 
$
787,035

APAC
295,625

 
297,659

 
831,358

 
858,357

EMEA
27,563

 
30,697

 
86,617

 
93,809

         Elimination of inter-segment sales
(27,227
)
 
(24,565
)
 
(74,773
)
 
(78,900
)
 
$
620,505

 
$
571,945

 
$
1,712,026

 
$
1,660,301

Operating income (loss):
 
 
 
 
 
 
 
AMER
$
18,119

 
$
16,934

 
$
50,043

 
$
52,708

APAC
35,890

 
31,523

 
102,143

 
83,629

EMEA
(3,594
)
 
(1,159
)
 
(7,506
)
 
(546
)
         Corporate and other costs
(22,217
)
 
(22,114
)
 
(75,721
)
 
(65,935
)
 
$
28,198

 
$
25,184

 
$
68,959

 
$
69,856

Other income (expense):
 
 
 
 
 
 
 
         Interest expense
$
(3,055
)
 
$
(2,650
)
 
$
(8,952
)
 
$
(10,010
)
         Interest income
770

 
402

 
2,092

 
1,182

         Miscellaneous
1,271

 
8

 
2,182

 
(467
)
     Income before income taxes
$
27,184

 
$
22,944

 
$
64,281

 
$
60,561

 
 
 
 
 
 
 
 
 
June 28,
2014
 
September 28,
2013
 
 
 
 
Total assets:
 
 
 
 
 
 
 
        AMER
$
520,811

 
$
423,048

 
 
 
 
        APAC
858,300

 
828,672

 
 
 
 
        EMEA
137,321

 
111,977

 
 
 
 
        Corporate
71,883

 
83,987

 
 
 
 
 
$
1,588,315

 
$
1,447,684