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Operating Segments and Geographic Information | 12 Months Ended
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Dec. 31, 2014
Segment Reporting [Abstract] |
Operating Segments and Geographic Information | Note 5: Operating Segments and Geographic Information In 2013, we re-organized the Company around four global business platforms: Broadcast, Enterprise Connectivity, Industrial Connectivity, and Industrial IT. Previously, we were organized around geographic regions. The re-organization was executed as a result of our transformation into a global provider of comprehensive signal transmission solutions. We believe the new organization will allow us to better capitalize on market opportunities and meet customer demands. We have determined that each of the global business platforms represents a reportable segment. We have revised the prior period segment information to conform to the change in the composition of our reportable segments. The All Other segment represents the financial results of our cable operations that primarily conducted business in the consumer electronics end market, which we sold in December 2012. The segments design, manufacture, and market a portfolio of signal transmission solutions for mission critical applications used in a variety of end markets, including broadcast, enterprise, and industrial. We sell the products manufactured by our segments principally through distributors or directly to systems integrators, original equipment manufacturers (OEMs), end-users, and installers. We evaluate segment performance based on operating income, working capital, and organic growth. Operating income of the segments includes all the ongoing costs of operations, but excludes interest and income taxes. Transactions between the segments are conducted on an arms-length basis. We allocate corporate expenses to the segments for purposes of measuring segment operating income. Corporate expenses are allocated on the basis of each segment’s relative operating income prior to the allocation, adjusted for certain items including asset impairment, severance and other restructuring costs, purchase accounting effects related to acquisitions, accelerated depreciation, amortization of intangible assets, and other costs. Our measure of segment assets does not include cash, goodwill, intangible assets, deferred tax assets, or corporate assets. All goodwill is allocated to reporting units of our segments for purposes of impairment testing. The results of our equity method investment in Xuzhou Hirschmann Electronics Co. Ltd. (the Hirschmann JV) are analyzed separately from the results of our operating segments, and they are not included in the corporate expense allocation. Operating Segment Information
Broadcast Solutions |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  |  |  |  | (In thousands) |  |  |  |
External customer revenues |  | $ | 916,632 |  |  | $ | 663,900 |  |  | $ | 356,320 |
Affiliate revenues |  |  | 1,381 |  |  |  | 933 |  |  |  | 691 |
Total revenues |  |  | 918,013 |  |  |  | 664,833 |  |  |  | 357,011 |
Depreciation and amortization |  |  | (67,372 | ) |  |  | (64,420 | ) |  |  | (23,184 | )
Operating income (loss) |  |  | 4,093 |  |  |  | 15,099 |  |  |  | (11,657 | )
Total assets |  |  | 430,991 |  |  |  | 294,454 |  |  |  | 272,520 |
Acquisition of property, plant and equipment |  |  | 17,912 |  |  |  | 10,526 |  |  |  | 8,844 |
Enterprise Connectivity Solutions |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  |  |  |  | (In thousands) |  |  |  |
External customer revenues |  | $ | 455,795 |  |  | $ | 493,129 |  |  | $ | 496,857 |
Affiliate revenues |  |  | 8,467 |  |  |  | 9,823 |  |  |  | 6,467 |
Total revenues |  |  | 464,262 |  |  |  | 502,952 |  |  |  | 503,324 |
Depreciation and amortization |  |  | (14,331 | ) |  |  | (12,988 | ) |  |  | (16,057 | )
Asset impairment and loss on sale of assets |  |  | — |  |  |  | — |  |  |  | (1,468 | )
Operating income |  |  | 47,715 |  |  |  | 48,753 |  |  |  | 40,056 |
Total assets |  |  | 206,377 |  |  |  | 223,073 |  |  |  | 234,882 |
Acquisition of property, plant and equipment |  |  | 12,574 |  |  |  | 11,749 |  |  |  | 13,013 |
Industrial Connectivity Solutions |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  |  |  |  | (In thousands) |  |  |  |
External customer revenues |  | $ | 682,374 |  |  | $ | 680,643 |  |  | $ | 670,112 |
Affiliate revenues |  |  | 2,927 |  |  |  | 1,901 |  |  |  | 1,129 |
Total revenues |  |  | 685,301 |  |  |  | 682,544 |  |  |  | 671,241 |
Depreciation and amortization |  |  | (12,318 | ) |  |  | (11,408 | ) |  |  | (10,970 | )
Asset impairment and loss on sale of assets |  |  | — |  |  |  | — |  |  |  | (2,435 | )
Operating income |  |  | 80,435 |  |  |  | 92,562 |  |  |  | 72,366 |
Total assets |  |  | 255,997 |  |  |  | 259,400 |  |  |  | 263,293 |
Acquisition of property, plant and equipment |  |  | 10,053 |  |  |  | 14,496 |  |  |  | 13,077 |
Industrial IT Solutions |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  |  |  |  | (In thousands) |  |  |  |
External customer revenues |  | $ | 253,464 |  |  | $ | 231,521 |  |  | $ | 219,679 |
Affiliate revenues |  |  | 54 |  |  |  | 208 |  |  |  | 286 |
Total revenues |  |  | 253,518 |  |  |  | 231,729 |  |  |  | 219,965 |
Depreciation and amortization |  |  | (8,141 | ) |  |  | (5,635 | ) |  |  | (4,848 | )
Operating income |  |  | 30,803 |  |  |  | 38,440 |  |  |  | 32,807 |
Total assets |  |  | 67,417 |  |  |  | 56,658 |  |  |  | 54,428 |
Acquisition of property, plant and equipment |  |  | 1,903 |  |  |  | 2,020 |  |  |  | 4,597 |
All Other |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
External customer revenues |  | $ | — |  |  | $ | — |  |  | $ | 97,771 |
Affiliate revenues |  |  | — |  |  |  | — |  |  |  | — |
Total revenues |  |  | — |  |  |  | — |  |  |  | 97,771 |
Depreciation and amortization |  |  | — |  |  |  | — |  |  |  | (2,828 | )
Asset impairment and loss on sale of assets |  |  | — |  |  |  | — |  |  |  | (29,773 | )
Operating income (loss) |  |  | — |  |  |  | 1,278 |  |  |  | (32,640 | )
Total assets |  |  | — |  |  |  | — |  |  |  | — |
Acquisition of property, plant and equipment |  |  | — |  |  |  | — |  |  |  | 348 |
Total Segments |  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
External customer revenues |  | $ | 2,308,265 |  |  | $ | 2,069,193 |  |  | $ | 1,840,739 |
Affiliate revenues |  |  | 12,829 |  |  |  | 12,865 |  |  |  | 8,573 |
Total revenues |  |  | 2,321,094 |  |  |  | 2,082,058 |  |  |  | 1,849,312 |
Depreciation and amortization |  |  | (102,162 | ) |  |  | (94,451 | ) |  |  | (57,887 | )
Asset impairment and loss on sale of assets |  |  | — |  |  |  | — |  |  |  | (33,676 | )
Operating income |  |  | 163,046 |  |  |  | 196,132 |  |  |  | 100,932 |
Total assets |  |  | 960,782 |  |  |  | 833,585 |  |  |  | 825,123 |
Acquisition of property, plant and equipment |  |  | 42,442 |  |  |  | 38,791 |  |  |  | 39,879 |
Total segment operating income differs from net income reported in the Consolidated Financial Statements as follows:
|  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Total segment operating income |  | $ | 163,046 |  |  | $ | 196,132 |  |  | $ | 100,932 |
Income from equity method investment |  |  | 3,955 |  |  |  | 8,922 |  |  |  | 9,704 |
Eliminations |  |  | (3,882 | ) |  |  | (3,792 | ) |  |  | (2,139 | )
Total operating income |  |  | 163,119 |  |  |  | 201,262 |  |  |  | 108,497 |
Interest expense |  |  | (82,156 | ) |  |  | (73,095 | ) |  |  | (52,038 | )
Interest income |  |  | 583 |  |  |  | 494 |  |  |  | 1,033 |
Loss on debt extinguishment |  |  | — |  |  |  | (1,612 | ) |  |  | (52,450 | )
Income tax benefit (expense) |  |  | (7,114 | ) |  |  | (22,315 | ) |  |  | 38,194 |
Income from continuing operations |  |  | 74,432 |  |  |  | 104,734 |  |  |  | 43,236 |
Income (loss) from discontinued operations, net of tax |  |  | 579 |  |  |  | (1,421 | ) |  |  | 16,774 |
Gain (loss) from disposal of discontinued operations, net of tax |  |  | (562 | ) |  |  | — |  |  |  | 134,480 |
Net income |  | $ | 74,449 |  |  | $ | 103,313 |  |  | $ | 194,490 |
Below are reconciliations of other segment measures to the consolidated totals.
|  | Years Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Total segment assets |  | $ | 960,782 |  |  | $ | 833,585 |  |  | $ | 825,123 |
Cash and cash equivalents |  |  | 741,162 |  |  |  | 613,304 |  |  |  | 395,095 |
Goodwill |  |  | 943,374 |  |  |  | 773,048 |  |  |  | 778,708 |
Intangible assets, less accumulated amortization |  |  | 461,292 |  |  |  | 376,976 |  |  |  | 428,273 |
Deferred income taxes |  |  | 62,809 |  |  |  | 54,801 |  |  |  | 66,855 |
Income tax receivable |  |  | 4,953 |  |  |  | 12,169 |  |  |  | 8,432 |
Corporate assets |  |  | 88,455 |  |  |  | 87,870 |  |  |  | 82,097 |
Total assets |  | $ | 3,262,827 |  |  | $ | 2,751,753 |  |  | $ | 2,584,583 |
Total segment acquisition of property, plant and equipment |  | $ | 42,442 |  |  | $ | 38,791 |  |  | $ | 39,879 |
Corporate acquisition of property, plant and equipment |  |  | 3,017 |  |  |  | 1,418 |  |  |  | 336 |
Discontinued operations acquisition of property, plant and equipment |  |  | — |  |  |  | — |  |  |  | 795 |
Total acquisition of property, plant and equipment |  | $ | 45,459 |  |  | $ | 40,209 |  |  | $ | 41,010 |
Total segment depreciation and amortization |  | $ | (102,162 | ) |  | $ | (94,451 | ) |  | $ | (57,887 | )
Discontinued operations depreciation and amortization |  |  | — |  |  |  | — |  |  |  | (1,468 | )
Total depreciation and amortization |  | $ | (102,162 | ) |  | $ | (94,451 | ) |  | $ | (59,355 | )
Geographic Information The Company attributes foreign sales based on the location of the customer purchasing the product. The table below summarizes net sales and long-lived assets for the years ended December 31, 2014, 2013 and 2012 for the following countries: the U.S., Canada, China, and Germany. No other individual foreign country’s net sales or long-lived assets are material to the Company.
|  | United States |  |  | Canada |  |  | China |  |  | Germany |  |  | All Other |  |  | Total |
|  | (In thousands, except percentages) |
Year ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,134,721 |  |  | $ | 194,149 |  |  | $ | 132,330 |  |  | $ | 120,297 |  |  | $ | 726,768 |  |  | $ | 2,308,265 |
Percent of total revenues |  |  | 49 | % |  |  | 8 | % |  |  | 6 | % |  |  | 5 | % |  |  | 32 | % |  |  | 100 | %
Long-lived assets |  | $ | 191,728 |  |  | $ | 29,773 |  |  | $ | 70,574 |  |  | $ | 40,557 |  |  | $ | 70,727 |  |  | $ | 403,359 |
Year ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,032,190 |  |  | $ | 195,387 |  |  | $ | 126,461 |  |  | $ | 108,745 |  |  | $ | 606,410 |  |  | $ | 2,069,193 |
Percent of total revenues |  |  | 50 | % |  |  | 9 | % |  |  | 6 | % |  |  | 5 | % |  |  | 30 | % |  |  | 100 | %
Long-lived assets |  | $ | 170,813 |  |  | $ | 27,458 |  |  | $ | 76,949 |  |  | $ | 45,702 |  |  | $ | 59,275 |  |  | $ | 380,197 |
Year ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 825,437 |  |  | $ | 196,761 |  |  | $ | 193,082 |  |  | $ | 105,377 |  |  | $ | 520,082 |  |  | $ | 1,840,739 |
Percent of total revenues |  |  | 45 | % |  |  | 11 | % |  |  | 10 | % |  |  | 6 | % |  |  | 28 | % |  |  | 100 | %
Long-lived assets |  | $ | 164,619 |  |  | $ | 31,610 |  |  | $ | 72,556 |  |  | $ | 42,411 |  |  | $ | 59,854 |  |  | $ | 371,050 |
Major Customer Revenues generated from sales to the distributor Anixter International Inc., primarily in the Industrial Connectivity and Enterprise segments, were $290.5 million (13% of revenues), $289.9 million (14% of revenues), and $300.4 million (16% of revenues) for 2014, 2013, and 2012, respectively. At December 31, 2014, we had $37.9 million in accounts receivable outstanding from Anixter International Inc. This represented approximately 10% of our total accounts receivable outstanding at December 31, 2014.

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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 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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