XML 60 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Information
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information
We are organized into nine geographic operating segments based on management responsibilities. The operating segments have been aggregated (based on economic similarities, the nature of their products, end-user markets and methods of distribution) into four reportable segments: North America, Europe, International and Corporate.
The Corporate segment was established on January 1, 2015 to reflect the activities of centralized functions in our corporate headquarters and to capture results in a manner that the chief operating decision maker reviews. The corporate segment primarily consists of administrative expenses and centrally-managed costs such as interest expense and foreign exchange gains or losses. Additionally, effective January 1, 2015, we changed the allocation methodology applied to research and development expense. The 2014 segment results have been recast to conform with current period presentation.
The Company's sales are allocated to each country based primarily on the destination of the end-customer.
Reportable segment information is presented in the following table:
(In thousands)
 
North
America
 
Europe
 
International
 
Corporate
 
Reconciling
Items
 
Consolidated
Totals
Three Months Ended March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Sales to external customers
 
$
133,564

 
$
66,013

 
$
57,131

 
$
—

 
$
—

 
$
256,708

Intercompany sales
 
35,739

 
46,109

 
5,438

 
—

 
(87,286
)
 
—

Net income (loss):
 


 


 


 
 
 


 


Continuing operations
 
14,431

 
(4,437
)
 
3,662

 
(4,837
)
 
497

 
9,316

Discontinued operations
 
—

 
—

 
366

 
—

 
—

 
366

(In thousands)
 
North
America
 
Europe
 
International
 
Corporate
 
Reconciling
Items
 
Consolidated
Totals
Three Months Ended March 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Sales to external customers
 
$
129,521

 
$
74,938

 
$
60,586

 
$
—

 
$
—

 
$
265,045

Intercompany sales
 
27,897

 
28,858

 
3,849

 
—

 
(60,604
)
 
—

Net income (loss):
 
 
 
 
 
 
 
 
 
 
 


Continuing operations
 
14,260

 
3,452

 
4,591

 
(7,886
)
 
(895
)
 
13,522

Discontinued operations
 
—

 
—

 
504

 
—

 
—

 
504


Reconciling items consist primarily of intercompany eliminations and items not directly attributable to operating segments.
The percentage of total sales by product group were as follows:
 
March 31, 2015
 
March 31, 2014
Fixed Gas and Flame Detection
23
%
 
22
%
Breathing Apparatus
22
%
 
18
%
Portable Gas Detection
15
%
 
16
%
Head Protection
12
%
 
13
%
Fire and Rescue Helmets
5
%
 
5
%
Fall Protection
4
%
 
4
%
Other
19
%
 
22
%