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BUSINESS SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2014
BUSINESS SEGMENT INFORMATION [Abstract] |
Key financial data | The following is a summary of key financial data (dollars in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Total segment sales: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 39,405 |  |  | $ | 32,301 |  |  | $ | 70,859 |  |  | $ | 61,523 |
Asia |  |  | 61,968 |  |  |  | 64,036 |  |  |  | 111,860 |  |  |  | 96,760 |
Europe |  |  | 16,550 |  |  |  | 10,591 |  |  |  | 27,441 |  |  |  | 20,716 |
Total segment sales |  |  | 117,923 |  |  |  | 106,928 |  |  |  | 210,160 |  |  |  | 178,999 |
Reconciling item: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment sales |  |  | (18,484 | ) |  |  | (12,947 | ) |  |  | (28,075 | ) |  |  | (21,990 | )
Net sales |  | $ | 99,439 |  |  | $ | 93,981 |  |  | $ | 182,085 |  |  | $ | 157,009 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | (1,617 | ) |  | $ | (2,012 | ) |  | $ | (734 | ) |  | $ | (3,495 | )
Asia |  |  | 4,715 |  |  |  | 3,776 |  |  |  | 6,388 |  |  |  | 3,112 |
Europe |  |  | 616 |  |  |  | (105 | ) |  |  | 941 |  |  |  | 615 |
|  | $ | 3,714 |  |  | $ | 1,659 |  |  | $ | 6,595 |  |  | $ | 232 |
|  | June 30, |  |  | December 31, |  |  |  |  |  |  |  |  |
|  |  | 2014 |  |  |  | 2013 |  |  |  |  |  |  |  |  |
Total Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 175,953 |  |  | $ | 117,261 |  |  |  |  |  |  |  |  |
Asia |  |  | 202,476 |  |  |  | 148,780 |  |  |  |  |  |  |  |  |
Europe |  |  | 78,880 |  |  |  | 42,100 |  |  |  |  |  |  |  |  |
|  |  | 457,309 |  |  |  | 308,141 |  |  |  |  |  |  |  |  |
Unallocated Goodwill |  |  | 37,534 |  |  |  | - |  |  |  |  |  |  |  |  |
|  | $ | 494,843 |  |  | $ | 308,141 |  |  |  |  |  |  |  |  |
Components of segment sales, income from operations and total assets | The acquisitions of TRP in March 2013, Array in August 2013 and Power Solutions in June 2014 contributed to Bel’s segment sales, income from operations and total assets as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Sales to External Customers: |  |  |  |  |  |  |  |  |  |  |  |
North America: |  |  |  |  |  |  |  |  |  |  |  |
Array |  | $ | 1,903 |  |  | $ | - |  |  | $ | 3,544 |  |  | $ | - |
Power Solutions |  |  | 5,037 |  |  |  | - |  |  |  | 5,037 |  |  |  | - |
|  |  | 6,940 |  |  |  | - |  |  |  | 8,581 |  |  |  | - |
Asia: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TRP |  |  | 17,227 |  |  |  | 21,788 |  |  |  | 32,831 |  |  |  | 21,788 |
Power Solutions |  |  | 357 |  |  |  | - |  |  |  | 357 |  |  |  | - |
|  |  | 17,584 |  |  |  | 21,788 |  |  |  | 33,188 |  |  |  | 21,788 |
Europe: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TRP |  |  | 555 |  |  |  | 392 |  |  |  | 1,186 |  |  |  | 392 |
Power Solutions |  |  | 1,839 |  |  |  | - |  |  |  | 1,839 |  |  |  | - |
|  |  | 2,394 |  |  |  | 392 |  |  |  | 3,025 |  |  |  | 392 |
Net sales from 2013-2014 acquisitions |  |  | 26,918 |  |  |  | 22,180 |  |  |  | 44,794 |  |  |  | 22,180 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Array |  |  | (175 | ) |  |  | - |  |  |  | (682 | ) |  |  | - |
Power Solutions |  |  | (1,125 | ) |  |  | - |  |  |  | (1,125 | ) |  |  | - |
|  |  | (1,300 | ) |  |  | - |  |  |  | (1,807 | ) |  |  | - |
Asia: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TRP |  |  | 3,710 |  |  |  | 3,596 |  |  |  | 5,110 |  |  |  | 3,587 |
Power Solutions |  |  | (162 | ) |  |  | - |  |  |  | (162 | ) |  |  | - |
|  |  | 3,548 |  |  |  | 3,596 |  |  |  | 4,948 |  |  |  | 3,587 |
Europe: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TRP |  |  | 128 |  |  |  | 104 |  |  |  | 228 |  |  |  | 104 |
Power Solutions |  |  | 297 |  |  |  | - |  |  |  | 297 |  |  |  | - |
|  |  | 425 |  |  |  | 104 |  |  |  | 525 |  |  |  | 104 |
Total income from operations from |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2013-2014 acquisitions |  | $ | 2,673 |  |  | $ | 3,700 |  |  | $ | 3,666 |  |  | $ | 3,691 |

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