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BUSINESS SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2014
BUSINESS SEGMENT INFORMATION [Abstract] |
Key financial data | 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 |  |  |  |  |  |  |  |  |
Components of segment sales, income from operations and total assets | 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 |

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