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SEGMENTS | 12 Months Ended
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Dec. 31, 2018
SEGMENTS [Abstract] |
SEGMENTS | 12. 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:
|  | Years Ended December 31, |
|  | 2018 |  |  | 2017 |
Net Sales to External Customers: |  |  |  |  |  |
North America |  | $ | 271,691 |  |  | $ | 245,834 |
Asia |  |  | 187,203 |  |  |  | 167,680 |
Europe |  |  | 89,290 |  |  |  | 78,097 |
|  | $ | 548,184 |  |  | $ | 491,611 |
Net Sales: |  |  |  |  |  |  |  |
North America |  | $ | 284,245 |  |  | $ | 257,541 |
Asia |  |  | 279,965 |  |  |  | 249,506 |
Europe |  |  | 103,853 |  |  |  | 89,765 |
Less intercompany |  |  |  |  |  |  |  |
net sales |  |  | (119,879 | ) |  |  | (105,201 | )
|  | $ | 548,184 |  |  | $ | 491,611 |
Income from Operations: |  |  |  |  |  |  |  |
North America |  | $ | 6,769 |  |  | $ | 6,195 |
Asia |  |  | 16,621 |  |  |  | 8,964 |
Europe |  |  | 6,221 |  |  |  | 2,227 |
|  | $ | 29,611 |  |  | $ | 17,386 |
Total Assets: |  |  |  |  |  |  |  |
North America |  | $ | 177,902 |  |  | $ | 172,674 |
Asia |  |  | 175,713 |  |  |  | 152,447 |
Europe |  |  | 89,909 |  |  |  | 106,144 |
|  | $ | 443,524 |  |  | $ | 431,265 |
Capital Expenditures: |  |  |  |  |  |  |  |
North America |  | $ | 4,836 |  |  | $ | 1,734 |
Asia |  |  | 5,661 |  |  |  | 2,617 |
Europe |  |  | 1,097 |  |  |  | 2,074 |
|  | $ | 11,594 |  |  | $ | 6,425 |
Depreciation and Amortization Expense: |  |  |  |  |  |  |  |
North America |  | $ | 8,906 |  |  | $ | 10,641 |
Asia |  |  | 5,842 |  |  |  | 6,728 |
Europe |  |  | 3,459 |  |  |  | 3,349 |
|  | $ | 18,207 |  |  | $ | 20,718 |
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: Entity-Wide Information The following is a summary of entity-wide information related to the Company's net sales to external customers by geographic area and by major product line.
| Years Ended December 31, |
|  | 2018 |  |  | 2017 |
Net Sales by Geographic Location: |  |  |  |  |  |
United States |  | $ | 271,691 |  |  | $ | 245,834 |
Macao |  |  | 187,204 |  |  |  | 167,681 |
United Kingdom |  |  | 26,340 |  |  |  | 24,110 |
Slovakia |  |  | 24,123 |  |  |  | 14,194 |
Germany |  |  | 15,298 |  |  |  | 13,857 |
Switzerland |  |  | 13,279 |  |  |  | 15,366 |
All other foreign countries |  |  | 10,249 |  |  |  | 10,569 |
Consolidated net sales |  | $ | 548,184 |  |  | $ | 491,611 |
Net Sales by Major Product Line: |  |  |  |  |  |  |  |
Connectivity solutions |  | $ | 186,724 |  |  | $ | 170,337 |
Magnetic solutions |  |  | 185,407 |  |  |  | 161,011 |
Power solutions and protection |  |  | 176,053 |  |  |  | 160,263 |
Consolidated net sales |  | $ | 548,184 |  |  | $ | 491,611 |
The following is a summary of long-lived assets by geographic area as of December 31, 2018 and 2017:
| December 31, |
|  | 2018 |  |  | 2017 |
Long-lived Assets by Geographic Location: |  |  |  |  |  |
United States |  | $ | 27,505 |  |  | $ | 27,594 |
People's Republic of China (PRC) |  |  | 29,563 |  |  |  | 30,151 |
Slovakia |  |  | 6,475 |  |  |  | 7,625 |
Switzerland |  |  | 3,023 |  |  |  | 3,632 |
United Kingdom |  |  | 2,330 |  |  |  | 1,345 |
All other foreign countries |  |  | 1,117 |  |  |  | 1,121 |
Consolidated long-lived assets |  | $ | 70,013 |  |  | $ | 71,468 |
Long-lived assets consist of property, plant and equipment, net and other assets of the Company that are identified with the operations of each geographic area. The territory of Hong Kong became a Special Administrative Region ("SAR") of the PRC in the middle of 1997. The territory of Macao became a SAR of the PRC at the end of 1999. Management cannot presently predict what future impact this will have on the Company, if any, or how the political climate in the PRC will affect the Company's contractual arrangements in the PRC. A significant portion of the Company's manufacturing operations and approximately 41.3% of its identifiable assets are located in Asia. Net Sales to Major Customers The Company had net sales to one customer in excess of ten percent of consolidated net sales in each of 2018 and 2017. The net sales associated with this customer was $67.7 million in 2018 (12.3% of sales) and $57.7 million in 2017 (11.7% of sales). Net sales related to this significant customer were primarily reflected in the Asia operating segment during each of the two years discussed.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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