XML 64 R20.htm IDEA: XBRL DOCUMENT
v3.3.0.814

SEGMENTS | 9 Months Ended
--- | ---
Sep. 30, 2015
SEGMENTS [Abstract] |
SEGMENTS | 13. SEGMENTS 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 net sales and income from operations. The following is a summary of key financial data:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Net Sales to External Customers: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 77,912 |  |  | $ | 79,384 |  |  | $ | 231,176 |  |  | $ | 143,180 |
Asia |  |  | 48,320 |  |  |  | 54,656 |  |  |  | 142,451 |  |  |  | 148,927 |
Europe |  |  | 17,929 |  |  |  | 22,301 |  |  |  | 58,207 |  |  |  | 46,319 |
|  | $ | 144,161 |  |  | $ | 156,341 |  |  | $ | 431,834 |  |  | $ | 338,426 |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 81,483 |  |  | $ | 91,556 |  |  | $ | 252,991 |  |  | $ | 162,415 |
Asia |  |  | 74,235 |  |  |  | 87,714 |  |  |  | 227,574 |  |  |  | 199,574 |
Europe |  |  | 38,479 |  |  |  | 44,778 |  |  |  | 121,983 |  |  |  | 72,220 |
Less intercompany net sales |  |  | (50,036 | ) |  |  | (67,707 | ) |  |  | (170,714 | ) |  |  | (95,783 | )
|  | $ | 144,161 |  |  | $ | 156,341 |  |  | $ | 431,834 |  |  | $ | 338,426 |
Income from Operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 5,777 |  |  | $ | (1,998 | ) |  | $ | 8,031 |  |  | $ | (2,733 | )
Asia |  |  | 1,441 |  |  |  | 3,175 |  |  |  | 7,154 |  |  |  | 9,563 |
Europe |  |  | 89 |  |  |  | 3,184 |  |  |  | 8,620 |  |  |  | 4,126 |
|  | $ | 7,307 |  |  | $ | 4,361 |  |  | $ | 23,805 |  |  | $ | 10,956 |
Net Sales – Segment net sales are attributed to individual segments based on the geographic source of the billing for such customer sales. Intercompany sales include finished products manufactured in foreign countries which are then transferred to the United States and Europe for sale; finished goods manufactured in the United States which are transferred to Europe and Asia for sale; and semi-finished components manufactured in the United States which are sold to Asia for further processing. Income from operations represents net sales less operating costs and expenses and does not include any amounts related to intercompany transactions. The following items are included in the segment data presented above: Recent Acquisitions – The 2014 Acquisitions contributed to Bel's segment sales and income from operations during the three and nine months ended September 30, 2015 and 2014 as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Net Sales to External Customers: |  |  |  |  |  |  |  |  |  |  |  |
North America: |  |  |  |  |  |  |  |  |  |  |  |
Power Solutions |  | $ | 32,607 |  |  | $ | 36,517 |  |  | $ | 99,005 |  |  | $ | 41,554 |
Connectivity Solutions |  |  | 15,453 |  |  |  | 11,941 |  |  |  | 43,928 |  |  |  | 11,941 |
|  |  | 48,060 |  |  |  | 48,458 |  |  |  | 142,933 |  |  |  | 53,495 |
Asia: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Power Solutions |  |  | 289 |  |  |  | 1,600 |  |  |  | 931 |  |  |  | 1,957 |
Connectivity Solutions |  |  | 1,380 |  |  |  | 748 |  |  |  | 3,618 |  |  |  | 748 |
|  |  | 1,669 |  |  |  | 2,348 |  |  |  | 4,549 |  |  |  | 2,705 |
Europe: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Power Solutions |  |  | 6,343 |  |  |  | 10,963 |  |  |  | 22,324 |  |  |  | 12,802 |
Connectivity Solutions |  |  | 1,678 |  |  |  | 1,295 |  |  |  | 5,169 |  |  |  | 1,295 |
|  |  | 8,021 |  |  |  | 12,258 |  |  |  | 27,493 |  |  |  | 14,097 |
|  | $ | 57,750 |  |  | $ | 63,064 |  |  | $ | 174,975 |  |  | $ | 70,297 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Income (Loss) from Operations: |  |  |  |  |  |  |  |  |  |  |  |
North America: |  |  |  |  |  |  |  |  |  |  |  |
Power Solutions |  | $ | 3,366 |  |  | $ | 1,038 |  |  | $ | 1,511 |  |  | $ | (87 | )
Connectivity Solutions |  |  | 1,368 |  |  |  | (1,299 | ) |  |  | 2,890 |  |  |  | (1,299 | )
|  |  | 4,734 |  |  |  | (261 | ) |  |  | 4,401 |  |  |  | (1,386 | )
Asia: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Power Solutions |  |  | (930 | ) |  |  | (3,332 | ) |  |  | (2,439 | ) |  |  | (3,494 | )
Connectivity Solutions |  |  | (38 | ) |  |  | 112 |  |  |  | (531 | ) |  |  | 112 |
|  |  | (968 | ) |  |  | (3,220 | ) |  |  | (2,970 | ) |  |  | (3,382 | )
Europe: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Power Solutions |  |  | (358 | ) |  |  | 2,581 |  |  |  | 5,959 |  |  |  | 2,878 |
Connectivity Solutions |  |  | 228 |  |  |  | 73 |  |  |  | 626 |  |  |  | 73 |
|  |  | (130 | ) |  |  | 2,654 |  |  |  | 6,585 |  |  |  | 2,951 |
|  | $ | 3,636 |  |  | $ | (827 | ) |  | $ | 8,016 |  |  | $ | (1,817 | )

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: 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=51669610&loc=d3e9038-108599 Reference 3: 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=51669610&loc=d3e8971-108599 Reference 4: 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=51669610&loc=d3e8595-108599 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=51669610&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 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: 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=51669610&loc=d3e8844-108599 Reference 8: 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=51669610&loc=d3e8984-108599 Reference 9: 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=51669610&loc=d3e9031-108599 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=51669610&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 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: 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=51669610&loc=d3e8864-108599 Reference 13: 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=51669610&loc=d3e8924-108599 Reference 14: 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=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration