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Segment Information | 9 Months Ended
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Oct. 04, 2020
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | 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 reportable 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 reportable 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 October 4, 2020: |  |  |  |  |  |  |
Net Sales | $ | 142,858 |  |  | $ | 92,905 |  |  | $ | 42,879 |  |  | $ | 278,642 |
Depreciation and amortization | 3,554 |  |  | 4,590 |  |  | 1,911 |  |  | 10,055 |
Total assets | 749,577 |  |  | 491,155 |  |  | 186,166 |  |  | 1,426,898 |
Three Months Ended September 29, 2019: |  |  |  |  |  |  |
Net Sales | $ | 195,900 |  |  | $ | 106,115 |  |  | $ | 46,337 |  |  | $ | 348,352 |
Depreciation and amortization | 3,238 |  |  | 4,255 |  |  | 2,035 |  |  | 9,528 |
Nine Months Ended October 4, 2020: |  |  |  |  |  |  |
Net Sales | $ | 452,171 |  |  | $ | 259,469 |  |  | $ | 114,675 |  |  | $ | 826,315 |
Depreciation and amortization | 9,623 |  |  | 13,448 |  |  | 5,848 |  |  | 28,919 |
Nine Months Ended September 29, 2019: |  |  |  |  |  |  |
Net Sales | $ | 563,776 |  |  | $ | 294,830 |  |  | $ | 144,941 |  |  | $ | 1,003,547 |
Depreciation and amortization | 9,789 |  |  | 13,586 |  |  | 6,275 |  |  | 29,650 |
A reconciliation of the Company’s total operating segment depreciation and amortization and assets to the corresponding consolidated amounts follows:
| Three Months Ended |  | Nine Months Ended
Depreciation and Amortization | October 4, 2020 |  | September 29, 2019 |  | October 4, 2020 |  | September 29, 2019
| (In thousands)
Total segment depreciation and amortization | $ | 10,055 |  |  | $ | 9,528 |  |  | $ | 28,919 |  |  | $ | 29,650 |
Corporate depreciation and amortization | 1,677 |  |  | 1,352 |  |  | 4,561 |  |  | 3,928 |
Reported depreciation and amortization | $ | 11,732 |  |  | $ | 10,880 |  |  | $ | 33,480 |  |  | $ | 33,578 |
Assets | October 4, 2020
| (In thousands)
Total segment assets | $ | 1,426,898 |
Corporate assets | 132,029 |
Eliminations | (253,152) |
Reported total assets | $ | 1,305,775 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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