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Segment Information
 12 Months Ended
Dec. 31, 2011
Segment Information [Abstract]  
Segment Information

Note K—Segment Information

The Company designs, manufactures and sells hardware employed in the construction and maintenance of telecommunication, energy and other utility networks, data communication products and mounting hardware for solar power applications. Principal products include cable anchoring, control hardware and splice enclosures which are sold primarily to customers in North and South America, Europe, South Africa and Asia Pacific.

The Company reports its segments in four geographic regions: PLP-USA, The Americas, EMEA (Europe, Middle East & Africa) and Asia-Pacific in accordance with accounting standards codified in FASB ASC 280, Segment Reporting. Each segment distributes a full range of the Company’s primary products. The PLP-USA segment is comprised of U.S. operations manufacturing the Company’s traditional products primarily supporting domestic energy and telecommunications products. The other three segments, The Americas, EMEA and Asia-Pacific support the Company’s energy, telecommunications, data communication and solar products in each respective geographical region.

The segment managers responsible for each region report directly to the Company’s Chief Executive Officer, who is the chief operating decision maker and are accountable for the financial results and performance of their entire segment for which they are responsible. The business components within each segment are managed to maximize the results of the entire company rather than the results of any individual business component of the segment.

The amount of each segment’s performance reported should be the measure reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segment and assessing its performance. The Company evaluates segment performance and allocates resources based on several factors primarily based on sales and income from continuing operations, net of tax. The segment information of all prior periods has been recast to conform to the current segment presentation.

The accounting policies of the operating segments are the same as those described in Note A in the Notes To Consolidated Financial Statements. No single customer accounts for more than ten percent of the Company’s consolidated revenues. It is not practical to present revenues by product line. U.S. net sales for the years ended December 31, 2011, 2010 and, 2009 were $171.5 million, $141.6 million and $117.9 million, respectively. U.S. long lived assets as of December 31, 2011 and 2010 were $25.6 million and $24.7 million, respectively.

 

The following table presents a summary of the Company’s reportable segments for the years ended December 31, 2011, 2010 and 2009. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory.

 

      September 30,       September 30,       September 30,  
    Year ended December 31  
    2011     2010     2009  

Net sales

                        

PLP-USA

   $ 146,146     $ 118,325     $ 103,910  

The Americas

     100,144       79,695       62,161  

EMEA

     61,430       50,073       46,863  

Asia-Pacific

     116,684       90,212       44,272  
   

 

 

    

 

 

    

 

 

  

Total net sales

   $ 424,404     $ 338,305     $ 257,206  
   

 

 

    

 

 

    

 

 

  
       

Intersegment sales

                        

PLP-USA

   $ 9,095     $ 8,447     $ 6,215  

The Americas

     7,048       6,194       3,499  

EMEA

     1,968       1,719       1,689  

Asia-Pacific

     11,995       9,100       7,140  
   

 

 

    

 

 

    

 

 

  

Total intersegment sales

   $ 30,106     $ 25,460     $ 18,543  
   

 

 

    

 

 

    

 

 

  
       

Interest income

                        

PLP-USA

   $ —       $ —       $ 15  

The Americas

     160       97       122  

EMEA

     155       163       207  

Asia-Pacific

     260       114       36  
   

 

 

    

 

 

    

 

 

  

Total interest income

   $ 575     $ 374     $ 380  
   

 

 

    

 

 

    

 

 

  

 

      September 30,       September 30,       September 30,  
    Year ended December 31  
    2011     2010     2009  

Interest expense

                        

PLP-USA

   $ (270 )    $ (214 )    $ (31 ) 

The Americas

     (295 )      (77 )      (95 ) 

EMEA

     (47 )      (61 )      (60 ) 

Asia-Pacific

     (215 )      (297 )      (337 ) 
   

 

 

    

 

 

    

 

 

  

Total interest expense

   $ (827 )    $ (649 )    $ (523 ) 
   

 

 

    

 

 

    

 

 

  
       

Income taxes

                        

PLP-USA

   $ 6,708     $ 2,065     $ 1,842  

The Americas

     3,864       2,276       2,928  

EMEA

     1,637       1,618       1,436  

Asia-Pacific

     2,801       1,216       554  
   

 

 

    

 

 

    

 

 

  

Total income taxes

   $ 15,010     $ 7,175     $ 6,760  
   

 

 

    

 

 

    

 

 

  
       

Income from continuing operations, net of tax

                        

PLP-USA

   $ 10,413     $ 4,687     $ 4,352  

The Americas

     8,159       6,356       6,763  

EMEA

     5,519       6,031       3,528  

Asia-Pacific

     6,893       5,934       8,190  
   

 

 

    

 

 

    

 

 

  

Total net income

     30,984       23,008       22,833  

Loss attributable to noncontrolling interest, net of tax

     —         (105 )      (524 ) 
   

 

 

    

 

 

    

 

 

  

Net income attributable to PLPC

   $ 30,984     $ 23,113     $ 23,357  
   

 

 

    

 

 

    

 

 

  

 

      September 30,       September 30,       September 30,  
    As of December 31  
    2011     2010     2009  

Expenditure for long-lived assets

                        

PLP-USA

   $ 3,798     $ 3,008     $ 2,854  

The Americas

     7,114       5,639       4,387  

EMEA

     2,427       2,437       2,183  

Asia-Pacific

     5,573       1,190       1,243  
   

 

 

    

 

 

    

 

 

  

Total expenditures for long-lived assets

   $ 18,912     $ 12,274     $ 10,667  
   

 

 

    

 

 

    

 

 

  
       

Depreciation and amortization

                        

PLP-USA

   $ 3,438     $ 3,396     $ 3,224  

The Americas

     2,244       1,781       1,305  

EMEA

     1,818       1,527       1,391  

Asia-Pacific

     3,025       2,690       1,329  
   

 

 

    

 

 

    

 

 

  

Total depreciation and amortization

   $ 10,525     $ 9,394     $ 7,249  
   

 

 

    

 

 

    

 

 

  

 

      September 30,       September 30,  
    As of December 31  
    2011     2010  
     

Identifiable assets

                

PLP-USA

   $ 82,478     $ 67,268  

The Americas

     72,908       61,358  

EMEA

     47,098       44,526  

Asia-Pacific

     124,541       107,481  
   

 

 

    

 

 

  
      327,025       280,633  

Corporate assets

     323       346  
   

 

 

    

 

 

  

Total identifiable assets

   $ 327,348     $ 280,979  
   

 

 

    

 

 

  
     

Long-lived assets

                

PLP-USA

   $ 23,830     $ 23,124  

The Americas

     20,142       17,112  

EMEA

     11,800       12,327  

Asia-Pacific

     27,088       23,703  
   

 

 

    

 

 

  

Total long-lived assets

   $ 82,860     $ 76,266