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Segment Information
 12 Months Ended
Dec. 31, 2012
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 is 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 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, 2012, 2011, and 2010 were $179.4 million, $171.5 million and $141.6 million, respectively. U.S. long lived assets as of December 31, 2012 and 2011 were $28.9 million and $25.6 million, respectively.

 

The following table presents a summary of the Company’s reportable segments for the years ended December 31, 2012, 2011 and 2010. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory.

 

                         
    Year ended December 31  
    2012     2011     2010  

Net sales

                        

PLP-USA

   $ 162,027     $ 146,146     $ 118,325  

The Americas

     92,584       100,144       79,695  

EMEA

     66,272       61,430       50,073  

Asia-Pacific

     118,309       116,684       90,212  
   

 

 

    

 

 

    

 

 

  

Total net sales

   $ 439,192     $ 424,404     $ 338,305  
   

 

 

    

 

 

    

 

 

  

Intersegment sales

                        

PLP-USA

   $ 8,537     $ 9,095     $ 8,447  

The Americas

     7,501       7,048       6,194  

EMEA

     4,582       1,968       1,719  

Asia-Pacific

     14,766       11,995       9,100  
   

 

 

    

 

 

    

 

 

  

Total intersegment sales

   $ 35,386     $ 30,106     $ 25,460  
   

 

 

    

 

 

    

 

 

  

Interest income

                        

PLP-USA

   $ 3     $ 0     $ 0  

The Americas

     283       160       97  

EMEA

     209       155       163  

Asia-Pacific

     153       260       114  
   

 

 

    

 

 

    

 

 

  

Total interest income

   $ 648     $ 575     $ 374  
   

 

 

    

 

 

    

 

 

  

Interest expense

                        

PLP-USA

   $ (437 )    $ (270 )    $ (214 ) 

The Americas

     (58 )      (295 )      (77 ) 

EMEA

     (50 )      (47 )      (61 ) 

Asia-Pacific

     (52 )      (215 )      (297 ) 
   

 

 

    

 

 

    

 

 

  

Total interest expense

   $ (597 )    $ (827 )    $ (649 ) 
   

 

 

    

 

 

    

 

 

  

Income taxes

                        

PLP-USA

   $ 9,581     $ 6,708     $ 2,065  

The Americas

     2,722       3,864       2,276  

EMEA

     2,769       1,637       1,618  

Asia-Pacific

     469       2,801       1,216  
   

 

 

    

 

 

    

 

 

  

Total income taxes

   $ 15,541     $ 15,010     $ 7,175  
   

 

 

    

 

 

    

 

 

  

Net income

                        

PLP-USA

   $ 13,290     $ 10,413     $ 4,687  

The Americas

     6,763       8,159       6,356  

EMEA

     6,840       5,519       6,031  

Asia-Pacific

     2,393       6,893       5,934  
   

 

 

    

 

 

    

 

 

  

Total net income

     29,286       30,984       23,008  

Loss attributable to noncontrolling interest, net of tax

     0       0       (105 ) 
   

 

 

    

 

 

    

 

 

  

Net income attributable to PLPC

   $ 29,286     $ 30,984     $ 23,113  
   

 

 

    

 

 

    

 

 

  

 

                         
    As of December 31  
    2012     2011     2010  

Expenditure for long-lived assets

                        

PLP-USA

   $ 6,702     $ 3,798     $ 3,008  

The Americas

     2,781       7,114       5,639  

EMEA

     2,816       2,427       2,437  

Asia-Pacific

     8,744       5,573       1,190  
   

 

 

    

 

 

    

 

 

  

Total expenditures for long-lived assets

   $ 21,043     $ 18,912     $ 12,274  
   

 

 

    

 

 

    

 

 

  

Depreciation and amortization

                        

PLP-USA

   $ 3,520     $ 3,438     $ 3,396  

The Americas

     2,565       2,244       1,781  

EMEA

     1,714       1,818       1,527  

Asia-Pacific

     3,765       3,025       2,690  
   

 

 

    

 

 

    

 

 

  

Total depreciation and amortization

   $ 11,564     $ 10,525     $ 9,394  
   

 

 

    

 

 

    

 

 

  

 

                 
    As of December 31  
    2012     2011  

Identifiable assets

                

PLP-USA

   $ 84,192     $ 82,478  

The Americas

     67,745       72,908  

EMEA

     51,370       47,098  

Asia-Pacific

     129,437       124,541  
   

 

 

    

 

 

  
      332,744       327,025  

Corporate assets

     320       323  
   

 

 

    

 

 

  

Total identifiable assets

   $ 333,064     $ 327,348  
   

 

 

    

 

 

  

Long-lived assets

                

PLP-USA

   $ 27,353     $ 23,830  

The Americas

     20,069       20,142  

EMEA

     13,263       11,800  

Asia-Pacific

     32,641       27,088  
   

 

 

    

 

 

  

Total long-lived assets

   $ 93,326     $ 82,860