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BUSINESS SEGMENT INFORMATION | 9 Months Ended
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Sep. 30, 2014
BUSINESS SEGMENT INFORMATION [Abstract] |
BUSINESS SEGMENT INFORMATION | 7. BUSINESS SEGMENT INFORMATION The Company operates in one industry with three reportable operating segments, which are geographic in nature. The segments consist of North America, Asia and Europe. The primary criteria by which financial performance is evaluated and resources are allocated are sales and income from operations. The following is a summary of key financial data (dollars in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Total segment sales: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 91,556 |  |  | $ | 34,273 |  |  | $ | 162,415 |  |  | $ | 95,796 |
Asia |  |  | 87,714 |  |  |  | 69,602 |  |  |  | 199,574 |  |  |  | 166,362 |
Europe |  |  | 44,778 |  |  |  | 9,313 |  |  |  | 72,220 |  |  |  | 30,029 |
Total segment sales |  |  | 224,048 |  |  |  | 113,188 |  |  |  | 434,209 |  |  |  | 292,187 |
Reconciling item: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intersegment sales |  |  | (67,707 | ) |  |  | (12,024 | ) |  |  | (95,783 | ) |  |  | (34,014 | )
Net sales |  | $ | 156,341 |  |  | $ | 101,164 |  |  | $ | 338,426 |  |  | $ | 258,173 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | (1,964 | ) |  | $ | (239 | ) |  | $ | (2,698 | ) |  | $ | (3,734 | )
Asia |  |  | 3,306 |  |  |  | 7,915 |  |  |  | 9,694 |  |  |  | 11,026 |
Europe |  |  | 3,330 |  |  |  | 56 |  |  |  | 4,271 |  |  |  | 672 |
|  | $ | 4,672 |  |  | $ | 7,732 |  |  | $ | 11,267 |  |  | $ | 7,964 |
|  | September 30, |  |  | December 31, |  |  |  |  |  |  |  |  |
|  |  | 2014 |  |  |  | 2013 |  |  |  |  |  |  |  |  |
Total Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 205,463 |  |  | $ | 117,261 |  |  |  |  |  |  |  |  |
Asia |  |  | 243,753 |  |  |  | 148,780 |  |  |  |  |  |  |  |  |
Europe |  |  | 81,642 |  |  |  | 42,100 |  |  |  |  |  |  |  |  |
|  |  | 530,858 |  |  |  | 308,141 |  |  |  |  |  |  |  |  |
Unallocated Goodwill |  |  | 112,629 |  |  |  | - |  |  |  |  |  |  |  |  |
|  | $ | 643,487 |  |  | $ | 308,141 |  |  |  |  |  |  |  |  |
Recent Acquisitions – At September 30, 2014, Power Solutions' total assets of $206.7 million and Connectivity Solutions' total assets of $136.9 million are included in the table above. The acquisitions of TRP in March 2013, Array in August 2013, Power Solutions in June 2014 and Connectivity Solutions in July and August 2014 contributed to Bel's segment sales, income from operations and total assets as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Sales to External Customers: |  |  |  |  |  |  |  |  |  |  |  |
North America: |  |  |  |  |  |  |  |  |  |  |  |
Array |  | $ | 1,758 |  |  | $ | 811 |  |  | $ | 5,302 |  |  | $ | 811 |
Power Solutions |  |  | 36,517 |  |  |  | - |  |  |  | 41,554 |  |  |  | - |
Connectivity Solutions |  |  | 11,941 |  |  |  | - |  |  |  | 11,941 |  |  |  | - |
|  |  | 50,216 |  |  |  | 811 |  |  |  | 58,797 |  |  |  | 811 |
Asia: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TRP |  |  | 18,228 |  |  |  | 25,096 |  |  |  | 51,060 |  |  |  | 46,885 |
Power Solutions |  |  | 1,600 |  |  |  | - |  |  |  | 1,958 |  |  |  | - |
Connectivity Solutions |  |  | 749 |  |  |  | - |  |  |  | 749 |  |  |  | - |
|  |  | 20,577 |  |  |  | 25,096 |  |  |  | 53,767 |  |  |  | 46,885 |
Europe: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TRP |  |  | 727 |  |  |  | 494 |  |  |  | 1,912 |  |  |  | 886 |
Power Solutions |  |  | 10,963 |  |  |  | - |  |  |  | 12,802 |  |  |  | - |
Connectivity Solutions |  |  | 1,295 |  |  |  | - |  |  |  | 1,295 |  |  |  | - |
|  |  | 12,985 |  |  |  | 494 |  |  |  | 16,009 |  |  |  | 886 |
Net sales from 2013-2014 acquisitions |  |  | 83,778 |  |  |  | 26,401 |  |  |  | 128,573 |  |  |  | 48,582 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Array |  |  | (61 | ) |  |  | (135 | ) |  |  | (744 | ) |  |  | (135 | )
Power Solutions |  |  | 1,072 |  |  |  | - |  |  |  | (53 | ) |  |  | - |
Connectivity Solutions |  |  | (1,299 | ) |  |  | - |  |  |  | (1,299 | ) |  |  | - |
|  |  | (288 | ) |  |  | (135 | ) |  |  | (2,096 | ) |  |  | (135 | )
Asia: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TRP |  |  | 4,200 |  |  |  | 4,527 |  |  |  | 9,311 |  |  |  | 8,115 |
Power Solutions |  |  | (3,201 | ) |  |  | - |  |  |  | (3,363 | ) |  |  | - |
Connectivity Solutions |  |  | 112 |  |  |  | - |  |  |  | 112 |  |  |  | - |
|  |  | 1,111 |  |  |  | 4,527 |  |  |  | 6,060 |  |  |  | 8,115 |
Europe: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TRP |  |  | 115 |  |  |  | 92 |  |  |  | 343 |  |  |  | 196 |
Power Solutions |  |  | 2,726 |  |  |  | - |  |  |  | 3,024 |  |  |  | - |
Connectivity Solutions |  |  | 73 |  |  |  | - |  |  |  | 73 |  |  |  | - |
|  |  | 2,914 |  |  |  | 92 |  |  |  | 3,440 |  |  |  | 196 |
Total income from operations from |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2013-2014 acquisitions |  | $ | 3,737 |  |  | $ | 4,484 |  |  | $ | 7,404 |  |  | $ | 8,176 |
Segment Sales – Segment sales are attributed to individual segments based on the geographic source of the billing for such customer sales. Transfers between geographic areas include finished products and semi-finished components manufactured in any one of the geographic segments and transferred to any of the other geographic segments for sale or further processing. Income from operations represents net sales less operating costs and expenses.

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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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