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SEGMENT INFORMATION
 3 Months Ended
Jul. 30, 2011
Segment Reporting Information [Line Items]  
Segment Reporting Disclosure [Text Block]
SEGMENT INFORMATION
 
We are a global manufacturer of component and subsystem devices.  We design, manufacture and market devices employing electrical, electronic, wireless, sensing and optical technologies.  Our components are found in the primary end markets of the automotive, appliance, communications (including information processing and storage, networking equipment, wireless and terrestrial voice/data systems), aerospace, rail and other transportation industries; and the consumer and industrial equipment markets.
 
ASC No. 280, “Segment Reporting” (“ASC No. 280”), establishes annual and interim reporting standards for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, and about which separate financial information is regularly evaluated by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources.  The CODM, as defined by ASC No. 280, is the Company’s President and Chief Executive Officer.
 
The Automotive segment supplies electronic and electromechanical devices and related products to automobile OEMs, either directly or through their tiered suppliers, including control switches for electrical power and signals, connectors for electrical devices, integrated control components, switches and sensors that monitor the operation or status of a component or system, and packaging of electrical components.
 
The Interconnect segment provides a variety of copper and fiber-optic interconnect and interface solutions for the appliance, computer, networking, telecommunications, storage, medical, military, aerospace, commercial and consumer markets.  Solutions include solid-state field effect interface panels, PC and express card packaging, optical and copper transceivers, terminators, custom cable assemblies and conductive polymer and thick film inks.  Services include the design and installation of fiber optic and copper infrastructure systems, and the manufacture of active and passive optical components.
 
The Power Products segment manufactures current-carrying laminated bus devices, custom power-product assemblies, powder coated bus bars, braided flexible cables and high-current low voltage flexible power cabling systems that are used in various markets and applications, including telecommunications, computers, transportation, industrial and power conversion, insulated gate bipolar transistor solutions, aerospace and military.
 
The Other segment includes a designer and manufacturer of magnetic torque sensing products, and independent laboratories that provide services for qualification testing and certification, and analysis of electronic and optical components.
 
The accounting policies of the segments are the same as those described in the summary of significant accounting policies in our Form 10-K for the fiscal year ended April 30, 2011.  We allocate resources to segments based on operating income. Transfers between segments are recorded using internal transfer prices set by us.  The following tables represent information regarding our segments:
 
 
Three Months Ended July 30, 2011
 
 
Automotive
 
Interconnect
 
Power
Products
 
Other
 
Eliminations/Corporate
 
Consolidated
Net sales
 
$
63,366


 
$
33,514


 
$
12,891


 
$
2,946


 
$
(1,913
)
 
$
110,804


Transfers between segments
 
(689
)
 
(1,126
)
 
(45
)
 
(16
)
 
1,876


 
—


Net sales to unaffiliated customers
 
$
62,677


 
$
32,388


 
$
12,846


 
$
2,930


 
$
(37
)
 
$
110,804


 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
$
2,246


 
$
4,297


 
$
222


 
$
(999
)
 
$
(4,348
)
 
$
1,418


Interest (income)/expense, net
 
(70
)
 
21


 
—


 
—


 
53


 
4


Other (income)/expense, net
 
36


 
300


 
96


 
3


 
(478
)
 
(43
)
Income/(loss) before income taxes
 
$
2,280


 
$
3,976


 
$
126


 
$
(1,002
)
 
$
(3,923
)
 
$
1,457


 
 
 
Three Months Ended July 31, 2010
 
 
Automotive
 
Interconnect
 
Power
Products
 
Other
 
Eliminations/Corporate
 
Consolidated
Net sales
 
$
49,945


 
$
34,762


 
$
11,626


 
$
2,900


 
$
(260
)
 
$
98,973


Transfers between segments
 
—


 
(152
)
 
(77
)
 
(38
)
 
267


 
—


Net sales to unaffiliated customers
 
$
49,945


 
$
34,610


 
$
11,549


 
$
2,862


 
$
7


 
$
98,973


 
 
 
 
 
 
 
 
 
 
 
 
 
Income/(loss) from operations
 
$
2,889


 
$
3,783


 
$
554


 
$
(572
)
 
$
(2,805
)
 
$
3,849


Interest (income)/expense, net
 
(65
)
 
(68
)
 
—


 
—


 
159


 
26


Other (income)/expense, net
 
132


 
170


 
48


 
1


 
(1,200
)
 
(849
)
Income/(loss) before income taxes
 
$
2,822


 
$
3,681


 
$
506


 
$
(573
)
 
$
(1,764
)
 
$
4,672