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Note 7 - Segment Information

6 Months Ended

Jul. 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.

		AMERICAS				EUROPE				ASIA- PACIFIC				TOTAL
		(in thousands)
Three Months Ended July 2, 2017:
Net Sales		$	153,616			$	57,811			$	40,273			$	251,700
Depreciation and amortization			3,310				1,314				2,090				6,714
Total assets			264,871				239,839				181,431				686,141
Three Months Ended July 3, 2016:
Net Sales		$	148,761			$	61,264			$	38,182			$	248,207
Depreciation and amortization			3,611				1,297				2,169				7,077
Six Months Ended July 2, 2017:
Net Sales		$	285,378			$	113,830			$	73,594			$	472,802
Depreciation and amortization			6,678				2,611				4,247				13,536
Six Months Ended July 3, 2016:
Net Sales		$	279,177			$	119,222			$	72,362			$	470,761
Depreciation and amortization			7,268				2,571				4,385				14,224

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		July 2, 2017				July 3, 2016
		(In thousands)
Total segment depreciation and amortization		$	6,714			$	7,077
Corporate depreciation and amortization			739				366
Reported depreciation and amortization		$	7,453			$	7,443

		Six Months Ended
DEPRECIATION AND AMORTIZATION		July 2, 2017				July 3, 2016
		(In thousands)
Total segment depreciation and amortization		$	13,536			$	14,224
Corporate depreciation and amortization			886				736
Reported depreciation and amortization		$	14,422			$	14,960

ASSETS		July 2, 2017
		(In thousands)
Total segment assets		$	686,141
Corporate assets and eliminations			97,803
Reported total assets		$	783,944

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- References

No definition available.

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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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