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Note 9 - Segment Information

6 Months Ended

Jul. 01, 2018

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE

9

– 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 1, 2018:
Net Sales		$	176,380			$	65,865			$	41,381			$	283,626
Depreciation and amortization			3,480				2,048				2,212				7,740
Total assets			314,436				258,138				193,073				765,647
Three Months Ended July 2 , 201 7 :
Net Sales		$	153,616			$	57,811			$	40,273			$	251,700
Depreciation and amortization			3,310				1,314				2,090				6,714
Six Months Ended July 1 , 201 8 :
Net Sales		$	311,605			$	132,421			$	80,163			$	524,189
Depreciation and amortization			7,091				4,302				4,420				15,813
Six Months Ended July 2 , 201 7 :
Net Sales		$	285,378			$	113,830			$	73,594			$	472,802
Depreciation and amortization			6,678				2,611				4,247				13,536

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 1 , 201 8				July 2 , 201 7
		(In thousands)
Total segment depreciation and amortization		$	7,740			$	6,714
Corporate depreciation and amortization			719				739
Reported depreciation and amortization		$	8,459			$	7,453

		Six Months Ended
DEPRECIATION AND AMORTIZATION		July 1 , 201 8				July 2 , 201 7
		(In thousands)
Total segment depreciation and amortization		$	15,813			$	13,536
Corporate depreciation and amortization			1,377				886
Reported depreciation and amortization		$	17,190			$	14,422

ASSETS		July 1 , 201 8
		(In thousands)
Total segment assets		$	765,647
Corporate assets and eliminations			58,980
Reported total assets		$	824,627

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-URI http://asc.fasb.org/topic&trid=2134479

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X

- References

No definition available.

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