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Industry Segment and Geographic Data | 12 Months Ended
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Dec. 31, 2011
Industry Segment and Geographic Data [Abstract] |
Industry Segment and Geographic Data |
17. | Industry Segment and Geographic Data
We have two major reportable operating segments, each of which focuses on a specific line of replacement parts. Our Engine Management Segment manufactures and distributes ignition and emission parts, ignition wires, battery cables and fuel system parts. Our Temperature Control Segment manufactures and remanufactures air conditioning compressors, air conditioning and heating parts, engine cooling system parts, power window accessories and windshield washer system parts. The accounting policies of each segment are the same as those described in the summary of significant accounting policies (see Note 1). The following tables contain financial information for each reportable segment (in thousands):
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Net sales: |  |  |  |  |  |  |  |  |
Engine Management |  | $ | 628,673 |  |  | $ | 577,333 |  |  | $ | 506,435 |
Temperature Control |  |  | 233,723 |  |  |  | 222,086 |  |  |  | 196,729 |
Europe |  |  | - |  |  |  | - |  |  |  | 26,746 |
Other |  |  | 12,229 |  |  |  | 11,491 |  |  |  | 5,514 |
Total |  | $ | 874,625 |  |  | $ | 810,910 |  |  | $ | 735,424 |
Intersegment sales: |  |  |  |  |  |  |  |  |  |  |  |
Engine Management |  | $ | 21,175 |  |  | $ | 19,720 |  |  | $ | 22,445 |
Temperature Control |  |  | 5,041 |  |  |  | 4,567 |  |  |  | 3,752 |
Europe |  |  | - |  |  |  | - |  |  |  | 287 |
Other |  |  | (26,216 | ) |  |  | (24,287 | ) |  |  | (26,484 | )
Total |  | $ | - |  |  | $ | - |  |  | $ | - |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Engine Management |  | $ | 11,599 |  |  | $ | 10,378 |  |  | $ | 10,268 |
Temperature Control |  |  | 1,772 |  |  |  | 2,073 |  |  |  | 2,409 |
Europe |  |  | - |  |  |  | - |  |  |  | 500 |
Other |  |  | 774 |  |  |  | 1,123 |  |  |  | 1,177 |
Total |  | $ | 14,145 |  |  | $ | 13,574 |  |  | $ | 14,354 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Engine Management |  | $ | 56,261 |  |  | $ | 43,410 |  |  | $ | 26,927 |
Temperature Control |  |  | 17,699 |  |  |  | 13,096 |  |  |  | 6,855 |
Europe |  |  | - |  |  |  | - |  |  |  | (7,016 | )
Other |  |  | (9,061 | ) |  |  | (9,713 | ) |  |  | (9,135 | )
Total |  | $ | 64,899 |  |  | $ | 46,793 |  |  | $ | 17,631 |
Investment in equity affiliates: |  |  |  |  |  |  |  |  |  |  |  |
Engine Management |  | $ | - |  |  | $ | - |  |  | $ | - |
Temperature Control |  |  | - |  |  |  | - |  |  |  | - |
Europe |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | - |  |  |  | 435 |  |  |  | 555 |
Total |  | $ | - |  |  | $ | 435 |  |  | $ | 555 |
|  |  | Year Ended December 31, |
|  |  | 2011 |  |  |  | 2010 |  |  |  | 2009 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Engine Management |  | $ | 9,014 |  |  | $ | 8,376 |  |  | $ | 6,207 |
Temperature Control |  |  | 1,949 |  |  |  | 2,336 |  |  |  | 432 |
Europe |  |  | - |  |  |  | - |  |  |  | 535 |
Other |  |  | 74 |  |  |  | 94 |  |  |  | - |
Total |  | $ | 11,037 |  |  | $ | 10,806 |  |  | $ | 7,174 |
Total assets: |  |  |  |  |  |  |  |  |
Engine Management |  | $ | 372,410 |  |  | $ | 323,162 |  |  | $ | 310,141 |
Temperature Control |  |  | 97,656 |  |  |  | 92,732 |  |  |  | 79,066 |
Europe |  |  | - |  |  |  | - |  |  |  | - |
Other |  |  | 80,656 |  |  |  | 76,907 |  |  |  | 95,252 |
Total |  | $ | 550,722 |  |  | $ | 492,801 |  |  | $ | 484,459 |
Other consists of items pertaining to our corporate headquarters function, as well as our Canadian business unit that does not meet the criteria of a reportable operating segment. Reconciliation of segment operating income to net earnings (in thousands):
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Operating income |  | $ | 64,899 |  |  | $ | 46,793 |  |  | $ | 17,631 |
Other non-operating income |  |  | 3,370 |  |  |  | 425 |  |  |  | 3,584 |
Interest expense |  |  | 3,821 |  |  |  | 7,127 |  |  |  | 9,215 |
Earnings from continuing operations before taxes |  |  | 64,448 |  |  |  | 40,091 |  |  |  | 12,000 |
Income tax expense |  |  | 121 |  |  |  | 15,391 |  |  |  | 6,094 |
Earnings from continuing operations |  |  | 64,327 |  |  |  | 24,700 |  |  |  | 5,906 |
Discontinued operations, net of tax |  |  | (1,926 | ) |  |  | (2,740 | ) |  |  | (2,423 | )
Net earnings |  | $ | 62,401 |  |  | $ | 21,960 |  |  | $ | 3,483 |
|  | Revenues |
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (In thousands) |
United States |  | $ | 791,625 |  |  | $ | 723,628 |  |  | $ | 635,977 |
Canada |  |  | 52,497 |  |  |  | 51,515 |  |  |  | 48,896 |
Europe |  |  | 9,496 |  |  |  | 8,296 |  |  |  | 29,984 |
Other foreign |  |  | 21,007 |  |  |  | 27,471 |  |  |  | 20,567 |
Total |  | $ | 874,625 |  |  | $ | 810,910 |  |  | $ | 735,424 |
|  | Long-Lived Assets |
|  | December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (In thousands) |
United States |  | $ | 125,189 |  |  | $ | 81,485 |  |  | $ | 85,083 |
Canada |  |  | 1,626 |  |  |  | 1,782 |  |  |  | 1,892 |
Europe |  |  | 2,322 |  |  |  | 2,314 |  |  |  | 2,102 |
Other foreign |  |  | 3,661 |  |  |  | 1,168 |  |  |  | 1,626 |
Total |  | $ | 132,798 |  |  | $ | 86,749 |  |  | $ | 90,703 |
Revenues are attributed to countries based upon the location of the customer. Long-lived assets are attributed to countries based upon the location of the assets. Our five largest individual customers, including members of a marketing group, accounted for approximately 63% of our consolidated net sales in 2011, 60% of our consolidated net sales in 2010, and 55% of our consolidated net sales in 2009. During 2011, three of our customers (NAPA Auto Parts, Advance Auto Parts, Inc. and O'Reilly Automotive, Inc.) each accounted for more than 10% of our consolidated net sales and, in the aggregate, accounted for approximately 52% of our consolidated net sales.

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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