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Reportable Segments
9 Months Ended
Jul. 03, 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, restructuring and impairment charges 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 and nine months ended July 3, 2021 and July 4, 2020, respectively, is as follows (in thousands):
Three Months EndedNine Months Ended
 July 3,
2021
July 4,
2020
July 3,
2021
July 4,
2020
Net sales:
AMER$318,898 $305,941 $1,011,162 $993,871 
APAC446,915 482,267 1,357,089 1,321,254 
EMEA76,519 91,846 238,564 250,326 
Elimination of inter-segment sales(27,945)(22,660)(81,188)(88,284)
$814,387 $857,394 $2,525,627 $2,477,167 
  
Operating income (loss):
AMER$9,191 $8,516 $51,876 $21,102 
APAC57,068 66,297 176,722 178,549 
EMEA58 1,115 (2,548)257 
Corporate and other expenses(29,944)(30,075)(92,124)(96,912)
$36,373 $45,853 $133,926 $102,996 
Other income (expense):
Interest expense$(3,190)$(3,988)$(11,094)$(11,934)
Interest income308 368 1,072 1,546 
Miscellaneous, net(579)(600)(2,922)(2,619)
Income before income taxes$32,912 $41,633 $120,982 $89,989 
  
 July 3,
2021
October 3,
2020
Total assets:
AMER$756,076 $759,030 
APAC1,188,842 1,073,951 
EMEA270,103 279,757 
Corporate and eliminations106,416 177,110 
$2,321,437 $2,289,848