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Reportable Segments
3 Months Ended
Jan. 02, 2021
Segment Reporting [Abstract]  
Reportable Segments Reportable SegmentsReportable 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 the segments are attributed to the region in which the product is manufactured or the service is performed. The Company operates in the Americas ("AMER"), Asia-Pacific ("APAC") and Europe, Middle East, and Africa ("EMEA"). 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 expenses. Corporate and other expenses primarily represent corporate selling and administrative expenses, and restructuring costs and other charges, 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 segments are the same as for the Company taken as a whole.
Information about the Company’s three reportable segments for the three months ended January 2, 2021 and January 4, 2020, respectively, is as follows (in thousands):
 January 2,
2021
January 4,
2020
Net sales:
AMER$327,567 $353,476 
APAC451,302 451,142 
EMEA78,723 84,477 
Elimination of inter-segment sales(27,237)(36,686)
$830,355 $852,409 
  
Operating income (loss):
AMER$16,482 $12,297 
APAC61,542 62,378 
EMEA(988)(314)
Corporate and other costs(30,170)(34,427)
$46,866 $39,934 
Other income (expense):
Interest expense$(4,086)$(4,132)
Interest income374 645 
Miscellaneous, net(1,518)(2,173)
Income before income taxes$41,636 $34,274 
  
 January 2,
2021
October 3,
2020
Total assets:
AMER$748,699 $759,030 
APAC1,089,148 1,073,951 
EMEA273,628 279,757 
Corporate and eliminations160,583 177,110 
$2,272,058 $2,289,848