XML 92 R23.htm IDEA: XBRL DOCUMENT

Note 18 - Enterprise-Wide Disclosure

12 Months Ended

Dec. 28, 2014

Concentration Risk Disclosure [Text Block]

ENTERPRISE-WIDE DISCLOSURES

Based on applicable accounting standards, the Company has determined that it has three operating segments – namely, the Americas (approximately 57% of net sales), Europe (approximately 28% of net sales) and Asia-Pacific (approximately 15% of net sales) geographic regions. Pursuant to accounting standards, the Company has aggregated the three operating segments into one reporting segment because they have similar economic characteristics, and the operating segments are similar in all of the following areas: (a) the nature of the products and services; (b) the nature of the production processes; (c) the type or class of customer for their products and services; (d) the methods used to distribute their products or provide their services; and (e) the nature of the regulatory environment. In August 2012, the Company sold its Bentley Prince Street business segment. Accordingly the Company has included the operations of the former Bentley Prince Street segment in discontinued operations, where applicable.

The Company has a large and diverse customer base, which includes numerous customers located in foreign countries. No single unaffiliated customer accounted for more than 10% of total sales in any year during the past three years. Sales to customers in foreign markets in 2014, 2013 and 2012 were approximately 51%, 52% and 55%, respectively, of total net sales. These sales were primarily to customers in Europe, Canada, Asia, Australia and Latin America. With the exception of the United States, no one country represented more than 10% of the Company’s net sales. Revenue and long-lived assets related to operations in the United States and other countries are as follows:

	FISCAL YEAR
	2014		2013		2012
	(in thousands)
SALES TO UNAFFILIATED CUSTOMERS⁽¹⁾
United States	$	487,001	$	458,585	$	421,355
United Kingdom		83,182		75,076		83,373
Australia		79,922		78,569		87,115
Other foreign countries		353,798		347,759		340,177

Net sales	$	1,003,903	$	959,989	$	932,020

LONG-LIVED ASSETS⁽²⁾
United States	$	86,856	$	85,518
United Kingdom		10,604		16,541
Netherlands		38,086		35,619
Australia		57,410		60,199
China		14,007		16,281
Other foreign countries		20,384		16,687

Total long-lived assets	$	227,347	$	230,845

⁽¹⁾ Revenue attributed to geographic areas is based on the location of the customer.

⁽²⁾ Long-lived assets include tangible assets physically located in foreign countries.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References+ Details