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Segment Information | 9 Months Ended
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Sep. 30, 2015
Segment Reporting [Abstract] |
Segment Information | Segment Information Our reporting structure is comprised of the following operating segments: Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and the Other segment. We believe this structure aligns our external reporting presentation with how we currently manage and view our business internally. In the second quarter of 2015, we concluded that we needed to update two of our operating segment names to better align the business product portfolio offerings to the market. Therefore, Advanced Connectivity Solutions replaced the name of Printed Circuit Materials, and Elastomeric Material Solutions replaced the name of High Performance Foams. There were no changes to the composition of these two operating segments. We completed the acquisition of Arlon on January 22, 2015. As part of the integration process, Arlon operations related to circuit materials and silicones were included in our ACS and EMS segments, respectively. The Other segment includes the Arlon business that manufactures specialty polyimide, epoxy-based laminates and bonding materials. As a result of the acquisition, we significantly increased our asset holdings. The following table sets forth the total assets allocated to each segment:
(Dollars in thousands) |
| September 30, 2015
Assets |
Advanced Connectivity Solutions | $ | 313,259 |
Elastomeric Material Solutions | 265,635 |
Power Electronics Solutions | 325,636 |
Other | 39,439 |
Total Assets | $ | 943,969 |
The following table sets forth the information about our segments for the periods indicated, inter-segment sales have been eliminated from the sales data:
(Dollars in thousands) | Quarter Ended |  | Nine Months Ended
| September 30, 2015 |  | September 30, 2014 |  | September 30, 2015 |  | September 30, 2014
Net sales |  |  |  |  |  |  |
Advanced Connectivity Solutions | $ | 66,160 |  |  | $ | 63,353 |  |  | $ | 203,855 |  |  | $ | 183,397 |
Elastomeric Material Solutions | 46,783 |  |  | 46,709 |  |  | 138,355 |  |  | 130,709 |
Power Electronics Solutions | 36,565 |  |  | 46,468 |  |  | 113,633 |  |  | 130,185 |
Other | 10,858 |  |  | 6,522 |  |  | 32,672 |  |  | 18,896 |
Net sales | $ | 160,366 |  |  | $ | 163,052 |  |  | $ | 488,515 |  |  | $ | 463,187 |
Operating income |  |  |  |  |  |  |  |  |  |  |
Advanced Connectivity Solutions | $ | 11,949 |  |  | $ | 14,095 |  |  | $ | 36,831 |  |  | $ | 36,355 |
Elastomeric Material Solutions | 8,116 |  |  | 8,442 |  |  | 16,661 |  |  | 18,752 |
Power Electronics Solutions | 1,057 |  |  | 3,683 |  |  | 4,279 |  |  | 4,515 |
Other | 1,933 |  |  | 2,169 |  |  | 5,894 |  |  | 6,444 |
Operating income | 23,055 |  |  | 28,389 |  |  | 63,665 |  |  | 66,066 |
Equity income in unconsolidated joint ventures | 877 |  |  | 953 |  |  | 2,187 |  |  | 2,992 |
Other income (expense), net | (756 | ) |  | (107 | ) |  | (1,404 | ) |  | (1,374 | )
Interest expense, net | (1,126 | ) |  | (698 | ) |  | (3,435 | ) |  | (2,167 | )
Income before income tax expense (benefit) | $ | 22,050 |  |  | $ | 28,537 |  |  | $ | 61,013 |  |  | $ | 65,517 |
Information relating to our operations by geographic area were as follows:
| Net Sales (1)
| Quarter Ended |  | Nine Months Ended
(Dollars in thousands) | September 30, 2015 |  | September 30, 2014 |  | September 30, 2015 |  | September 30, 2014
United States | $ | 40,630 |  |  | $ | 34,714 |  |  | $ | 126,825 |  |  | $ | 98,353 |
China | 55,233 |  |  | 67,032 |  |  | 172,405 |  |  | 179,158 |
Germany | 21,942 |  |  | 23,793 |  |  | 60,361 |  |  | 72,351 |
Other | 42,561 |  |  | 37,513 |  |  | 128,924 |  |  | 113,325 |
Total | 160,366 |  |  | 163,052 |  |  | 488,515 |  |  | 463,187 |
(1) Net sales were allocated to countries based on the location of the customer.
| Long-lived Assets (2)
(Dollars in thousands) | September 30, 2015 |  |  | December 31, 2014 |
United States | $ | 222,453 |  |  | $ | 70,532 |
China | 55,027 |  |  | 49,754 |
Germany | 114,837 |  |  | 129,702 |
Other | 45,314 |  |  | 36,999 |
Total | 437,631 |  |  | 286,987 |
(2) Long-lived assets were based on the location of the asset and were comprised of goodwill and other intangibles and property, plant and equipment.

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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=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
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