XML 31 R19.htm IDEA: XBRL DOCUMENT
v3.19.2

Segment And Geographic Information | 6 Months Ended
--- | ---
Jun. 30, 2019
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, which includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. The operating margin of each segment reflects the cost structure of the segments and are not comparable. The accounting 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. Information about operating segments is as follows:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(in thousands) |  | 2019 |  | 2018 |  |  | 2019 |  |  | 2018
Net sales: |  |  |  |  |  |  |  |  |  |
| Americas | $ | 404,162 | $ | 434,278 |  | $ | 796,220 |  | $ | 813,063
| Asia |  | 174,170 |  | 197,628 |  |  | 361,579 |  |  | 392,750
| Europe |  | 45,898 |  | 46,355 |  |  | 89,858 |  |  | 97,151
| Elimination of intersegment sales |  | (22,628) |  | (17,670) |  |  | (43,235) |  |  | (34,237)
|  | $ | 601,602 | $ | 660,591 |  | $ | 1,204,422 |  | $ | 1,268,727
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |
| Americas | $ | 5,296 | $ | 5,816 |  | $ | 10,677 |  | $ | 11,425
| Asia |  | 2,732 |  | 2,871 |  |  | 5,543 |  |  | 5,693
| Europe |  | 758 |  | 900 |  |  | 1,572 |  |  | 1,784
| Corporate |  | 3,167 |  | 3,112 |  |  | 6,333 |  |  | 6,181
|  | $ | 11,953 | $ | 12,699 |  | $ | 24,125 |  | $ | 25,083
Income from operations: |  |  |  |  |  |  |  |  |  |
| Americas | $ | 17,332 | $ | 15,522 |  | $ | 37,560 |  | $ | 32,259
| Asia |  | 13,072 |  | 16,829 |  |  | 28,457 |  |  | 34,478
| Europe |  | 2,284 |  | 2,200 |  |  | 3,224 |  |  | 5,195
| Corporate and intersegment eliminations |  | (20,747) |  | (20,202) |  |  | (41,213) |  |  | (39,616)
|  | $ | 11,941 | $ | 14,349 |  | $ | 28,028 |  | $ | 32,316
Other income (expense): |  |  |  |  |  |  |  |  |  |
| Interest expense |  | (1,718) |  | (2,293) |  |  | (3,327) |  |  | (4,721)
| Interest income |  | 1,053 |  | 1,645 |  |  | 2,350 |  |  | 3,578
| Other income (expense) |  | 808 |  | (355) |  |  | 2,412 |  |  | (312)
| Income before income taxes | $ | 12,084 | $ | 13,346 |  | $ | 29,463 |  | $ | 30,861
Capital expenditures: |  |  |  |  |  |  |  |  |  |
| Americas | $ | 2,947 | $ | 12,545 |  | $ | 7,700 |  | $ | 25,394
| Asia |  | 1,098 |  | 2,937 |  |  | 3,936 |  |  | 8,650
| Europe |  | 343 |  | 630 |  |  | 731 |  |  | 1,652
| Corporate |  | 1,033 |  | 1,374 |  |  | 3,128 |  |  | 2,667
|  | $ | 5,421 | $ | 17,486 |  | $ | 15,495 |  | $ | 38,363
|  |  |  | June 30, |  | December 31,
(in thousands) |  |  | 2019 |  |  | 2018
Total assets: |  |  |  |  |  |
| Americas |  | $ | 808,824 |  | $ | 852,776
| Asia |  |  | 543,801 |  |  | 540,094
| Europe |  |  | 135,214 |  |  | 113,165
| Corporate and other |  |  | 340,039 |  |  | 393,748
|  |  | $ | 1,827,878 |  | $ | 1,899,783
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 |  | Six Months Ended
|  | June 30, |  | June 30,
(in thousands) |  | 2019 |  | 2018 |  |  | 2019 |  |  | 2018
Geographic net sales: |  |  |  |  |  |  |  |  |  |
| United States | $ | 416,465 | $ | 449,598 |  | $ | 834,829 |  | $ | 841,565
| Asia |  | 91,745 |  | 115,914 |  |  | 178,369 |  |  | 222,905
| Europe |  | 65,048 |  | 73,040 |  |  | 138,393 |  |  | 153,581
| Other Foreign |  | 28,344 |  | 22,039 |  |  | 52,831 |  |  | 50,676
|  | $ | 601,602 | $ | 660,591 |  | $ | 1,204,422 |  | $ | 1,268,727
|  |  |  |  |  |  | June 30, | December 31,
|  |  |  |  |  |  |  | 2019 |  |  | 2018
Long-lived assets: |  |  |  |  |  |  |  |  |  |
| United States |  |  |  |  |  | $ | 248,272 |  | $ | 190,056
| Asia |  |  |  |  |  |  | 79,193 |  |  | 79,051
| Europe |  |  |  |  |  |  | 21,220 |  |  | 9,537
| Other |  |  |  |  |  |  | 26,998 |  |  | 22,945
|  |  |  |  |  |  | $ | 375,683 |  | $ | 301,589

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration