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Segment Information
 12 Months Ended
Dec. 31, 2016
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, telecommunications and solar 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 revenue.  It is not practical to present revenue by product line.  U.S. net sales for the year ended December 31, 2016, 2015, and 2014 were $135.3 million, $142.5 million and $152.6 million, respectively.  U.S. long-lived assets as of December 31, 2016 and 2015 were $54.0 million and $40.6 million, respectively.

The following table presents a summary of the Company’s reportable segments for the year ended December 31, 2016, 2015 and 2014. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory.  During the fourth quarter of 2015, the Company reconfigured a product line in The Americas segment and consolidated its manufacturing processes into the PLP-USA segment.  As such, certain prior year amounts have been reclassified to conform to current year presentation.

 

 

 

Year Ended December 31

 

 

 

2016

 

 

2015

 

 

2014

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

135,260

 

 

$

142,470

 

 

$

152,567

 

The Americas

 

 

60,049

 

 

 

59,290

 

 

 

75,868

 

EMEA

 

 

56,411

 

 

 

53,778

 

 

 

65,446

 

Asia-Pacific

 

 

84,914

 

 

 

99,128

 

 

 

94,304

 

Total net sales

 

$

336,634

 

 

$

354,666

 

 

$

388,185

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intersegment sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

9,471

 

 

$

9,339

 

 

$

12,690

 

The Americas

 

 

5,132

 

 

 

5,074

 

 

 

5,875

 

EMEA

 

 

1,363

 

 

 

1,652

 

 

 

1,848

 

Asia-Pacific

 

 

7,827

 

 

 

8,364

 

 

 

11,921

 

Total intersegment sales

 

$

23,793

 

 

$

24,429

 

 

$

32,334

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

0

 

 

$

0

 

 

$

0

 

The Americas

 

 

79

 

 

 

145

 

 

 

129

 

EMEA

 

 

116

 

 

 

123

 

 

 

223

 

Asia-Pacific

 

 

96

 

 

 

123

 

 

 

131

 

Total interest income

 

$

291

 

 

$

391

 

 

$

483

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

(738

)

 

$

(440

)

 

$

(427

)

The Americas

 

 

(14

)

 

 

(56

)

 

 

(130

)

EMEA

 

 

(13

)

 

 

(23

)

 

 

(54

)

Asia-Pacific

 

 

(79

)

 

 

(46

)

 

 

(47

)

Total interest expense

 

$

(844

)

 

$

(565

)

 

$

(658

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

1,494

 

 

$

2,387

 

 

$

4,576

 

The Americas

 

 

2,507

 

 

 

1,399

 

 

 

930

 

EMEA

 

 

1,862

 

 

 

1,646

 

 

 

2,122

 

Asia-Pacific

 

 

(165

)

 

 

(401

)

 

 

921

 

Total income taxes

 

$

5,698

 

 

$

5,031

 

 

$

8,549

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

2,007

 

 

$

2,031

 

 

$

7,233

 

The Americas

 

 

5,881

 

 

 

3,178

 

 

 

2,647

 

EMEA

 

 

6,243

 

 

 

4,881

 

 

 

6,192

 

Asia-Pacific

 

 

1,124

 

 

 

(3,415

)

 

 

(3,211

)

Total net income

 

$

15,255

 

 

$

6,675

 

 

$

12,861

 

 

 

 

Year Ended December 31

 

 

 

2016

 

 

2015

 

 

2014

 

Expenditure for long-lived assets

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

18,314

 

 

$

5,164

 

 

$

7,673

 

The Americas

 

 

2,634

 

 

 

2,074

 

 

 

4,788

 

EMEA

 

 

1,450

 

 

 

1,673

 

 

 

1,375

 

Asia-Pacific

 

 

2,327

 

 

 

1,843

 

 

 

3,827

 

Total expenditures for long-lived assets

 

$

24,725

 

 

$

10,754

 

 

$

17,663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

4,937

 

 

$

4,551

 

 

$

4,521

 

The Americas

 

 

1,874

 

 

 

1,862

 

 

 

2,464

 

EMEA

 

 

1,402

 

 

 

1,464

 

 

 

1,790

 

Asia-Pacific

 

 

3,783

 

 

 

3,655

 

 

 

4,082

 

Total depreciation and amortization

 

$

11,996

 

 

$

11,532

 

 

$

12,857

 

 

 

 

As of December 31

 

 

 

 

2016

 

 

2015

 

Identifiable assets

 

 

 

 

 

 

 

 

PLP-USA

 

$

122,326

 

 

$

106,854

 

The Americas

 

 

63,643

 

 

 

60,010

 

EMEA

 

 

54,493

 

 

 

50,755

 

Asia-Pacific

 

 

100,475

 

 

 

105,437

 

 

 

 

340,937

 

 

 

323,056

 

Corporate assets

 

 

0

 

 

 

314

 

Total identifiable assets

 

$

340,937

 

 

$

323,370

 

 

 

 

 

 

 

 

 

 

Long-lived assets

 

 

 

 

 

 

 

 

PLP-USA

 

$

54,048

 

 

$

40,638

 

The Americas

 

 

16,158

 

 

 

14,937

 

EMEA

 

 

10,619

 

 

 

11,232

 

Asia-Pacific

 

 

24,279

 

 

 

25,158

 

Total long-lived assets

 

$

105,104

 

 

$

91,965