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Note 16 - Enterprise-wide Disclosures

12 Months Ended

Jan. 01, 2017

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE

16

–

ENTERPRISE-WIDE DISCLOSURES

Based on applicable accounting standards, the Company has determined that it has

three

operating segments – namely, the Americas, Europe and Asia-Pacific 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.

While the Company operates as

one

reporting segment for the reasons discussed, included below is selected information on our operating segments.

Summary information by operating segment follows:

		AMERICAS				EUROPE				ASIA-PACIFIC				TOTAL
		(in thousands)
2016
Net Sales		$	568,138			$	241,463			$	149,016			$	958,617
Depreciation and amortization			14,639				5,698				8,729				29,066
Total assets			237,900				261,182				238,317				737,399
2015
Net Sales		$	593,163			$	262,671			$	146,029			$	1,001,863
Depreciation and amortization			15,390				5,007				9,167				29,564
Total assets			223,085				249,241				175,940				648,266
2014
Net Sales		$	573,458			$	276,845			$	153,600			$	1,003,903
Depreciation and amortization			14,719				4,803				9,412				28,934

A reconciliation of the Company’s total operating segment depreciation and amortization, and assets to the corresponding consolidated amounts follows:

		FISCAL YEAR ENDED
		2016				2015				2014
		(in thousands)
DEPRECIATION AND AMORTIZATION
Total segment depreciation and amortization		$	29,066			$	29,564			$	28,934
Corporate depreciation and amortization			1,566				1,239				1,743
Reported depreciation and amortization		$	30,632			$	30,803			$	30,677
ASSETS
Total segment assets		$	737,399			$	648,266
Corporate assets and eliminations			102,174				108,283
Reported total assets		$	839,573			$	756,549

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

2016,

2015

and

2014

were approximately

48%,

48%

and

51%,

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
		2016				2015				2014
		(in thousands)
SALES TO UNAFFILIATED CUSTOMERS (1)
United States		$	501,206			$	520,375			$	487,001
United Kingdom			58,266				72,445				83,182
Australia			78,141				76,600				79,922
Other foreign countries			321,004				332,443				353,798
Net sales		$	958,617			$	1,001,863			$	1,003,903
LONG-LIVED ASSETS (2)
United States		$	79,365			$	79,279
United Kingdom			8,122				10,653
Netherlands			43,907				42,808
Australia			44,209				47,557
China			9,675				11,733
Other foreign countries			19,230				19,459
Total long-lived assets		$	204,508			$	211,489

(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.

X

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6327-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13531-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6404-108592

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6442-108592

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6351-108592

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13537-108611

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- References

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