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Segment Information
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment Information

Note L – 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 to the chief operating decision maker is 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, 2013, 2012, and 2011 were $163 million, $179.4 million and $171.5 million, respectively. U.S. long lived assets as of December 31, 2013 and 2012 were $38.4 million and $28.9 million, respectively.

The following table presents a summary of the Company’s reportable segments for the years ended December 31, 2013, 2012 and 2011. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory.

 

     Year ended December 31  
     2013     2012     2011  

Net sales

       

PLP-USA

    $ 144,054      $ 162,027      $ 146,146   

The Americas

      91,497        92,584        100,144   

EMEA

      61,543        66,272        61,430   

Asia-Pacific

      112,682        118,309        116,684   
  

 

 

    

 

 

    

 

 

  

Total net sales

    $ 409,776      $ 439,192      $ 424,404   
  

 

 

    

 

 

    

 

 

  

Intersegment sales

       

PLP-USA

    $ 12,939      $ 8,537      $ 9,095   

The Americas

      6,204        7,501        7,048   

EMEA

      2,080        4,582        1,968   

Asia-Pacific

      10,491        14,766        11,995   
  

 

 

    

 

 

    

 

 

  

Total intersegment sales

    $ 31,714      $ 35,386      $ 30,106   
  

 

 

    

 

 

    

 

 

  

Interest income

       

PLP-USA

    $ 0      $ 3      $ 0   

The Americas

      290        283        160   

EMEA

      215        209        155   

Asia-Pacific

      113        153        260   
  

 

 

    

 

 

    

 

 

  

Total interest income

    $ 618      $ 648      $ 575   
  

 

 

    

 

 

    

 

 

  

Interest expense

       

PLP-USA

    $ (305 )    $ (437 )    $ (270 ) 

The Americas

      (41 )      (58 )      (295 ) 

EMEA

      (68 )      (50 )      (47 ) 

Asia-Pacific

      (36 )      (52 )      (215 ) 
  

 

 

    

 

 

    

 

 

  

Total interest expense

    $ (450 )    $ (597 )    $ (827 ) 
  

 

 

    

 

 

    

 

 

  

Income taxes

       

PLP-USA

    $ 6,286      $ 9,581      $ 6,708   

The Americas

      2,585        2,722        3,864   

EMEA

      2,052        2,769        1,637   

Asia-Pacific

      284        469        2,801   
  

 

 

    

 

 

    

 

 

  

Total income taxes

    $ 11,207      $ 15,541      $ 15,010   
  

 

 

    

 

 

    

 

 

  

Net income (loss)

       

PLP-USA

    $ 10,875      $ 13,290      $ 10,413   

The Americas

      5,896        6,763        8,159   

EMEA

      6,047        6,840        5,519   

Asia-Pacific

      (2,231 )      2,393        6,893   
  

 

 

    

 

 

    

 

 

  

Total net income

    $ 20,587      $ 29,286      $ 30,984   
  

 

 

    

 

 

    

 

 

  

 

     Year Ended December 31  
     2013      2012      2011  

Expenditure for long-lived assets

         

PLP-USA

    $ 12,262       $ 6,702       $ 3,798   

The Americas

      3,107         2,781         7,114   

EMEA

      2,573         2,816         2,427   

Asia-Pacific

      3,092         8,744         5,573   
  

 

 

     

 

 

     

 

 

  

Total expenditures for long-lived assets

    $ 21,034       $ 21,043       $ 18,912   
  

 

 

     

 

 

     

 

 

  

Depreciation and amortization

         

PLP-USA

    $ 3,793       $ 3,520       $ 3,438   

The Americas

      2,444         2,565         2,244   

EMEA

      1,792         1,714         1,818   

Asia-Pacific

      4,059         3,765         3,025   
  

 

 

     

 

 

     

 

 

  

Total depreciation and amortization

    $ 12,088       $ 11,564       $ 10,525   
  

 

 

     

 

 

     

 

 

  

 

     As of December 31  
     2013      2012  

Identifiable assets

      

PLP-USA

    $ 90,414       $ 84,192   

The Americas

      73,200         67,745   

EMEA

      51,345         51,370   

Asia-Pacific

      117,129         129,437   
  

 

 

     

 

 

  
     332,088         332,744   

Corporate assets

      318         320   
  

 

 

     

 

 

  

Total identifiable assets

    $ 332,406       $ 333,064   
  

 

 

     

 

 

  

Long-lived assets

      

PLP-USA

    $ 36,888       $ 27,353   

The Americas

      19,168         20,069   

EMEA

      14,467         13,263   

Asia-Pacific

      29,938         32,641   
  

 

 

     

 

 

  

Total long-lived assets

    $ 100,461       $ 93,326