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Segment Reporting | 3 Months Ended
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Apr. 01, 2017
Segment Reporting [Abstract] |
SEGMENT REPORTING | 11. SEGMENT REPORTING For the three months ended April 2, 2016, the Company’s individual subsidiaries operated predominantly in a single industry as manufacturers and distributors of hydraulic components. Given the similar nature of products offered for sale, the type of customers, the methods of distribution and how the Company was managed, the Company determined that it had only one operating and reporting segment for both internal and external reporting purposes. With the acquisition of Enovation Controls on December 5, 2016, the Company re-evaluated the reportable operating segment presentation. As of the date of the acquisition, the Company has two reportable segments: Hydraulics and Electronics. These segments are organized primarily based on the similar nature of products offered for sale, the types of customers served and the methods of distribution and are consistent with how the segments are managed, how resources are allocated and how information is used by the chief operating decision makers. As a result of the re-evaluation of reportable operating segments, financial information for HCT is presented in the Electronics segment as of the beginning of the 2016 fiscal year. The Company evaluates performance and allocates resources based primarily on segment operating income. Certain costs were not allocated to the business segments as they are not used in evaluating the results of, or in allocating resources to, Sun’s segments. These costs are presented in the Corporate and other line item below. For the three months ended April 1, 2017, the unallocated costs included certain corporate costs not deemed to be allocable to all segments of $200 and acquisition-related costs including charges related to inventory step-up to fair value of $1,774 and amortization of acquisition-related intangible assets of $2,250. The accounting policies of Sun’s operating segments are the same as those used to prepare the accompanying consolidated financial statements. The following table presents financial information by reportable segment:
|  | Three months ended |
|  | April 1, 2017 |  |  | April 2, 2016 |
Net sales |  |  |  |  |  |  |  |
Hydraulics |  | $ | 54,122 |  |  | $ | 50,183 |
Electronics |  |  | 27,231 |  |  |  | 845 |
|  | $ | 81,353 |  |  | $ | 51,028 |
Operating Income: |  |  |  |  |  |  |  |
Hydraulics |  | $ | 13,772 |  |  | $ | 11,926 |
Electronics |  |  | 6,236 |  |  |  | (40 | )
Corporate and other |  |  | (4,224 | ) |  |  | - |
|  | $ | 15,784 |  |  | $ | 11,886 |
Depreciation and Amortization: |  |  |  |  |  |  |  |
Hydraulics |  | $ | 2,288 |  |  | $ | 2,394 |
Electronics |  |  | 2,803 |  |  |  | 133 |
|  | $ | 5,091 |  |  | $ | 2,527 |
Capital Expenditures: |  |  |  |  |  |  |  |
Hydraulics |  | $ | 611 |  |  | $ | 942 |
Electronics |  |  | 147 |  |  |  | 57 |
|  | $ | 758 |  |  | $ | 999 |
|  | April 1, 2017 |  |  | December 31, 2016 |
Total Assets: |  |  |  |  |  |  |  |
Hydraulics |  | $ | 192,217 |  |  | $ | 193,722 |
Electronics |  |  | 257,577 |  |  |  | 251,055 |
Total |  | $ | 449,794 |  |  | $ | 444,777 |
Geographic Region Information Net sales are measured based on the geographic destination of sales. Tangible long-lived assets are shown based on the physical location of the assets and primarily include net property, plant and equipment:
|  | Three months ended |
|  | April 1, 2017 |  |  | April 2, 2016 |
Net sales |  |  |  |  |  |  |  |
United States |  | $ | 43,090 |  |  | $ | 21,403 |
Other Americas |  |  | 4,198 |  |  |  | 3,312 |
Europe/Middle East/Africa |  |  | 20,100 |  |  |  | 15,677 |
Asia/Pacific |  |  | 13,965 |  |  |  | 10,636 |
Total |  | $ | 81,353 |  |  | $ | 51,028 |
|  | April 1, 2017 |  |  | December 31, 2016 |
Tangible long-lived assets |  |  |  |  |  |  |  |
United States |  | $ | 70,074 |  |  | $ | 71,802 |
Europe/Middle East/Africa |  |  | 7,068 |  |  |  | 7,116 |
Asia/Pacific |  |  | 1,608 |  |  |  | 1,597 |
Total |  | $ | 78,750 |  |  | $ | 80,515 |

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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 34 -URI http://asc.fasb.org/extlink&oid=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&loc=d3e8906-108599 + Details
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