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Note 7 - Segment Information

9 Months Ended

Oct. 01, 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
Three Months Ended October 1, 2017 :
Net Sales		$	148,082			$	66,677			$	42,672			$	257,431
Depreciation and amortization			3,386				1,646				2,211				7,243
Total assets			274,946				255,330				186,966				717,242
Three Months Ended October 2, 2016 :
Net Sales		$	147,500			$	62,682			$	38,167			$	248,349
Depreciation and amortization			3,635				1,253				2,213				7,101
Nine Months Ended October 1, 2017 :
Net Sales		$	433,461			$	180,506			$	116,266			$	730,233
Depreciation and amortization			10,064				4,257				6,458				20,779
Nine Months Ended October 2, 2016 :
Net Sales		$	426,677			$	181,904			$	110,529			$	719,110
Depreciation and amortization			10,903				3,824				6,598				21,325

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		October 1, 2017				October 2, 2016
		(In thousands)
Total segment depreciation and amortization		$	7,243			$	7,101
Corporate depreciation and amortization			539				413
Reported depreciation and amortization		$	7,782			$	7,514

		Nine Months Ended
DEPRECIATION AND AMORTIZATION		October 1, 2017				October 2, 2016
		(In thousands)
Total segment depreciation and amortization		$	20,779			$	21,325
Corporate depreciation and amortization			1,424				1,149
Reported depreciation and amortization		$	22,203			$	22,474

ASSETS		October 1, 2017
		(In thousands)
Total segment assets		$	717,242
Corporate assets and eliminations			85,157
Reported total assets		$	802,399

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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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