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Note 7 - Segment Information

3 Months Ended

Apr. 02, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE

7

– SEGMENT INFORMATION

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)
Three Months Ended April 2, 2017:
Net Sales		$	131,762			$	56,019			$	33,321			$	221,102
Depreciation and amortization			3,368				1,251				2,157				6,776
Total assets			247,266				228,860				243,625				719,751
Three Months Ended April 3, 2016:
Net Sales		$	130,417			$	57,958			$	34,179			$	222,554
Depreciation and amortization			3,657				1,274				2,216				7,147

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

		Three Months Ended
DEPRECIATION AND AMORTIZATION		April 2, 2017				April 3, 2016
		(In thousands)
Total segment depreciation and amortization		$	6,776			$	7,147
Corporate depreciation and amortization			1,468				370
Reported depreciation and amortization		$	8,244			$	7,517

ASSETS		April 2, 2017
		(In thousands)
Total segment assets		$	719,751
Corporate assets and eliminations			53,979
Reported total assets		$	773,730

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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