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Note 19 - Enterprise-wide Disclosures | 12 Months Ended
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Dec. 30, 2018
Notes to Financial Statements |
Concentration Risk Disclosure [Text Block] | NOTE 1 9 – 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. Nora results are included in the 2018 figures as of the date of acquisition through the end of 2018, and are included in our operating segments based on the geographic split of the operations. 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) |
2018 |
Net Sales |  | $ | 682,261 |  |  | $ | 319,677 |  |  | $ | 177,635 |  |  | $ | 1,179,573 |
Depreciation and amortization |  |  | 13,732 |  |  |  | 12,862 |  |  |  | 8,567 |  |  |  | 35,161 |
Total assets |  |  | 482,510 |  |  |  | 546,758 |  |  |  | 200,684 |  |  |  | 1,229,952 |
201 7 |
Net Sales |  | $ | 588,052 |  |  | $ | 246,399 |  |  | $ | 161,992 |  |  | $ | 996,443 |
Depreciation and amortization |  |  | 13,548 |  |  |  | 6,049 |  |  |  | 8,662 |  |  |  | 28,259 |
Total assets |  |  | 272,883 |  |  |  | 253,519 |  |  |  | 193,555 |  |  |  | 719,957 |
20 1 6 |
Net Sales |  | $ | 568,138 |  |  | $ | 241,463 |  |  | $ | 149,016 |  |  | $ | 958,617 |
Depreciation and amortization |  |  | 14,639 |  |  |  | 5,698 |  |  |  | 8,729 |  |  |  | 29,066 |
A reconciliation of the Company’s total operating segment depreciation and amortization, and assets to the corresponding consolidated amounts follows:
|  | FISCAL YEAR ENDED |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | (in thousands) |
DEPRECIATION AND AMORTIZATION |  |  |  |  |  |  |  |  |  |  |  |
Total segment depreciation and amortization |  | $ | 35,161 |  |  | $ | 28,259 |  |  | $ | 29,066 |
Corporate depreciation and amortization |  |  | 3,923 |  |  |  | 2,002 |  |  |  | 1,566 |
Reported depreciation and amortization |  | $ | 39,084 |  |  | $ | 30,261 |  |  | $ | 30,632 |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Total segment assets |  | $ | 1,229,952 |  |  | $ | 719,957 |  |  |  |  |
Corporate assets and eliminations |  |  | 54,692 |  |  |  | 80,643 |  |  |  |  |
Reported total assets |  | $ | 1,284,644 |  |  | $ | 800,600 |  |  |  |  |
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 2018, 2017 and 2016 were approximately 49%, 48% and 48%, 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 |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | (in thousands) |
SALES TO UNAFFILIATED CUSTOMERS (1) |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 600,093 |  |  | $ | 514,783 |  |  | $ | 501,206 |
United Kingdom |  |  | 65,406 |  |  |  | 57,391 |  |  |  | 58,266 |
Australia |  |  | 83,034 |  |  |  | 87,591 |  |  |  | 78,141 |
Germany |  |  | 75,958 |  |  |  | 36,696 |  |  |  | 30,968 |
China |  |  | 43,708 |  |  |  | 28,279 |  |  |  | 31,340 |
Other foreign countries |  |  | 311,374 |  |  |  | 271,703 |  |  |  | 258,696 |
Net sales |  | $ | 1,179,573 |  |  | $ | 996,443 |  |  | $ | 958,617 |
LONG-LIVED ASSETS (2) |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 88,336 |  |  | $ | 76,557 |  |  |  |  |
United Kingdom |  |  | 6,288 |  |  |  | 7,902 |  |  |  |  |
Netherlands |  |  | 49,935 |  |  |  | 55,132 |  |  |  |  |
Germany |  |  | 83,874 |  |  |  | 0 |  |  |  |  |
Australia |  |  | 38,928 |  |  |  | 45,067 |  |  |  |  |
Thailand |  |  | 15,124 |  |  |  | 16,543 |  |  |  |  |
China |  |  | 6,703 |  |  |  | 8,361 |  |  |  |  |
Other foreign countries |  |  | 3,700 |  |  |  | 3,083 |  |  |  |  |
Total long-lived assets |  | $ | 292,888 |  |  | $ | 212,645 |  |  |  |  |
( 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.

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- 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 + Details
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