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Segment And Geographic Information | 9 Months Ended
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Sep. 30, 2018
Segment And Geographic Information [Abstract] |
Segment And Geographic Information | Note 12 – Segment and Geographic Information The Company currently has manufacturing facilities in the Americas, Asia and Europe to serve its customers. The Company is operated and managed geographically, and management evaluates performance and allocates the Company’s resources on a geographic basis. Intersegment sales are generally recorded at prices that approximate arm’s length transactions. Operating segments’ measure of profitability is based on income from operations. The ac counting policies for the reportable operating segments are the same as for the Company taken as a whole. The Company has three reportable operating segments: Americas, Asia and Europe. Informa tion about operating segments i s as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in thousands) |  | 2018 |  | 2017 |  |  | 2018 |  |  | 2017
|  |  |  | (as adjusted) |  |  |  |  | (as adjusted)
Net sales: |  |  |  |  |  |  |  |  |  |
| Americas | $ | 404,137 | $ | 379,417 |  | $ | 1,217,200 |  | $ | 1,146,171
| Asia |  | 210,153 |  | 208,207 |  |  | 602,903 |  |  | 581,991
| Europe |  | 43,054 |  | 43,826 |  |  | 140,205 |  |  | 127,480
| Elimination of intersegment sales |  | (16,656) |  | (20,521) |  |  | (50,893) |  |  | (67,199)
|  | $ | 640,688 | $ | 610,929 |  | $ | 1,909,415 |  | $ | 1,788,443
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |
| Americas | $ | 5,746 | $ | 5,679 |  | $ | 17,171 |  | $ | 16,599
| Asia |  | 2,967 |  | 2,882 |  |  | 8,660 |  |  | 9,021
| Europe |  | 860 |  | 705 |  |  | 2,644 |  |  | 2,041
| Corporate |  | 4,987 |  | 3,008 |  |  | 11,168 |  |  | 8,930
|  | $ | 14,560 | $ | 12,274 |  | $ | 39,643 |  | $ | 36,591
Income from operations: |  |  |  |  |  |  |  |  |  |
| Americas | $ | 9,586 | $ | 15,046 |  | $ | 41,845 |  | $ | 46,823
| Asia |  | 18,963 |  | 21,477 |  |  | 53,441 |  |  | 55,314
| Europe |  | 2,242 |  | 2,551 |  |  | 7,437 |  |  | 7,430
| Corporate and intersegment eliminations |  | (19,834) |  | (18,171) |  |  | (59,450) |  |  | (54,651)
|  | $ | 10,957 | $ | 20,903 |  | $ | 43,273 |  | $ | 54,916
Other income (expense): |  |  |  |  |  |  |  |  |  |
| Interest expense |  | (3,822) |  | (2,324) |  |  | (8,543) |  |  | (6,861)
| Interest income |  | 1,619 |  | 1,334 |  |  | 5,197 |  |  | 3,621
| Other expense |  | 1,139 |  | (394) |  |  | 827 |  |  | (1,305)
| Income before income taxes | $ | 9,893 | $ | 19,519 |  | $ | 40,754 |  | $ | 50,371
Capital expenditures: |  |  |  |  |  |  |  |  |  |
| Americas | $ | 8,975 | $ | 8,548 |  | $ | 34,369 |  | $ | 17,584
| Asia |  | 3,898 |  | 1,696 |  |  | 12,548 |  |  | 12,820
| Europe |  | 651 |  | 638 |  |  | 2,303 |  |  | 4,018
| Corporate |  | 1,046 |  | 475 |  |  | 3,713 |  |  | 3,314
|  | $ | 14,570 | $ | 11,357 |  | $ | 52,933 |  | $ | 37,736
|  |  | September 30, | December 31,
(in thousands) |  |  | 2018 |  |  | 2017
|  |  |  |  |  | (as adjusted)
Total assets: |  |  |  |  |  |
| Americas |  | $ | 848,998 |  | $ | 812,187
| Asia |  |  | 548,571 |  |  | 674,783
| Europe |  |  | 144,352 |  |  | 470,786
| Corporate and other |  |  | 398,850 |  |  | 151,548
|  |  | $ | 1,940,771 |  | $ | 2,109,304
Geographic net sales information reflects the destination of the product shipped. Long-lived assets information is based upon the physical location of the asset.
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in thousands) |  | 2018 |  | 2017 |  |  | 2018 |  |  | 2017
|  |  |  | (as adjusted) |  |  |  |  | (as adjusted)
Geographic net sales: |  |  |  |  |  |  |  |  |  |
| United States | $ | 438,461 | $ | 403,233 |  | $ | 1,280,026 |  | $ | 1,187,333
| Asia |  | 105,422 |  | 114,302 |  |  | 328,327 |  |  | 324,224
| Europe |  | 69,289 |  | 71,718 |  |  | 222,870 |  |  | 218,338
| Other Foreign |  | 27,516 |  | 21,676 |  |  | 78,192 |  |  | 58,548
|  | $ | 640,688 | $ | 610,929 |  | $ | 1,909,415 |  | $ | 1,788,443
|  |  |  |  |  |  | September 30, | December 31,
|  |  |  |  |  |  |  | 2018 |  |  | 2017
Long-lived assets: |  |  |  |  |  |  |  |  |  |
| United States |  |  |  |  |  | $ | 186,557 |  | $ | 167,858
| Asia |  |  |  |  |  |  | 79,351 |  |  | 77,750
| Europe |  |  |  |  |  |  | 10,336 |  |  | 11,042
| Other |  |  |  |  |  |  | 24,525 |  |  | 25,830
|  |  |  |  |  |  | $ | 300,769 |  | $ | 282,480

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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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