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Segment Reporting | 6 Months Ended
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Jun. 30, 2013
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] |
(12) Segment Reporting Operating segments are defined as components of an enterprise that are evaluated regularly by the Company's chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company's chief operating decision maker is the chief executive officer. During the fourth quarter of 2012, the Company changed its reportable segments in accordance with changes in financial information received and reviewed by the Company's chief operating decision maker. As a result, the Company's Wiring business unit is an operating segment for financial reporting purposes. Historically, the Wiring business unit was included in the Electronics operating segment. The Company has revised the consolidated segment information for 2012 to reflect this presentation. The Company has four reportable segments: Electronics, Wiring, Control Devices and PST which also represents its operating segments. The Electronics reportable segment produces electronic instrument clusters, electronic control units and driver information systems. The Wiring reportable segment produces electrical power and signal distribution systems, primarily wiring harnesses and connectors and assembles instrument panels. The Control Devices reportable segment produces sensors, switches, valves and actuators. The PST reportable segment design s and manufactures electronic vehicle security alarms, convenience accessories, vehicle tracking devices and monitoring services and in-vehicle audio and video devices. The accounting policies of the Company's reportable segments are the same as those described in Note 2, "Summary of Significant Accounting Policies" of the Company's December 31, 2012 Form 10-K. The Company's management evaluates the performance of its reportable segments based primarily on revenues from external customers, capital expenditures and income before income taxes. Inter-segment sales are accounted for on terms similar to those to third parties and are eliminated upon consolidation. A summary of financial information by reportable segment is as follows:
|  | Three months ended |  | Six months ended |
|  | June 30, |  | June 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |  |
Electronics |  | $ | 48,684 |  | $ | 41,504 |  | $ | 93,204 |  | $ | 84,932 |
Inter-segment sales |  |  | 10,849 |  |  | 13,905 |  |  | 21,715 |  |  | 29,228 |
Electronics net sales |  |  | 59,533 |  |  | 55,409 |  |  | 114,919 |  |  | 114,160 |
Wiring |  |  | 72,952 |  |  | 85,723 |  |  | 149,800 |  |  | 180,475 |
Inter-segment sales |  |  | 2,198 |  |  | 1,763 |  |  | 3,801 |  |  | 2,106 |
Wiring net sales |  |  | 75,150 |  |  | 87,486 |  |  | 153,601 |  |  | 182,581 |
Control Devices |  |  | 74,434 |  |  | 68,564 |  |  | 146,347 |  |  | 138,960 |
Inter-segment sales |  |  | 774 |  |  | 853 |  |  | 1,570 |  |  | 1,978 |
Control Devices net sales |  |  | 75,208 |  |  | 69,417 |  |  | 147,917 |  |  | 140,938 |
PST |  |  | 46,715 |  |  | 38,474 |  |  | 89,144 |  |  | 92,165 |
Inter-segment sales |  |  | - |  |  | - |  |  | - |  |  | - |
PST net sales |  |  | 46,715 |  |  | 38,474 |  |  | 89,144 |  |  | 92,164 |
Eliminations |  |  | (13,821) |  |  | (16,521) |  |  | (27,086) |  |  | (33,312) |
Total net sales |  | $ | 242,785 |  | $ | 234,265 |  | $ | 478,495 |  | $ | 496,532 |
Income (Loss) Before Income Taxes: |  |  |  |  |  |  |  |  |  |  |  |  |
Electronics |  | $ | 3,913 |  | $ | 1,825 |  | $ | 7,695 |  | $ | 5,871 |
Wiring |  |  | (1,543) |  |  | 529 |  |  | (1,970) |  |  | 3,173 |
Control Devices |  |  | 7,613 |  |  | 3,829 |  |  | 13,880 |  |  | 7,901 |
PST |  |  | 2,539 |  |  | (8,124) |  |  | 3,022 |  |  | (8,456) |
Other corporate activities |  |  | (1,002) |  |  | (259) |  |  | (1,866) |  |  | 239 |
Corporate interest expense |  |  | (4,004) |  |  | (3,982) |  |  | (7,943) |  |  | (7,946) |
Total income (loss) before income taxes |  | $ | 7,516 |  | $ | (6,182) |  | $ | 12,818 |  | $ | 782 |
Depreciation and Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |
Electronics |  | $ | 1,242 |  | $ | 1,087 |  | $ | 2,521 |  | $ | 2,155 |
Wiring |  |  | 1,196 |  |  | 1,262 |  |  | 2,407 |  |  | 2,532 |
Control Devices |  |  | 2,470 |  |  | 2,317 |  |  | 5,005 |  |  | 4,748 |
PST |  |  | 3,654 |  |  | 4,124 |  |  | 7,486 |  |  | 8,077 |
Corporate |  |  | 46 |  |  | 47 |  |  | 94 |  |  | 95 |
Total depreciation and amortization (A) |  | $ | 8,608 |  | $ | 8,837 |  | $ | 17,513 |  | $ | 17,607 |
Interest Expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |
Electronics |  | $ | 186 |  | $ | 393 |  | $ | 373 |  | $ | 786 |
Wiring |  |  | 71 |  |  | 44 |  |  | 195 |  |  | 73 |
Control Devices |  |  | 32 |  |  | 57 |  |  | 79 |  |  | 114 |
PST (A) |  |  | 282 |  |  | 686 |  |  | 559 |  |  | 1,598 |
Corporate |  |  | 4,004 |  |  | 3,982 |  |  | 7,943 |  |  | 7,946 |
Total interest expense, net |  | $ | 4,575 |  | $ | 5,162 |  | $ | 9,149 |  | $ | 10,517 |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |
Electronics |  | $ | 519 |  | $ | 712 |  | $ | 988 |  | $ | 1,466 |
Wiring |  |  | 988 |  |  | 691 |  |  | 1,504 |  |  | 1,486 |
Control Devices |  |  | 1,657 |  |  | 1,962 |  |  | 4,897 |  |  | 4,032 |
PST |  |  | 1,626 |  |  | 2,985 |  |  | 3,092 |  |  | 5,406 |
Corporate |  |  | 93 |  |  | 1,172 |  |  | 220 |  |  | 1,980 |
Total capital expenditures |  | $ | 4,883 |  | $ | 7,522 |  | $ | 10,701 |  | $ | 14,370 |
|  | June 30, |  | December 31, |
|  | 2013 |  | 2012 |
Total Assets: |  |  |  |  |  |  |
Electronics |  | $ | 93,321 |  | $ | 84,772 |
Wiring |  |  | 107,286 |  |  | 99,755 |
Control Devices |  |  | 112,924 |  |  | 100,351 |
PST |  |  | 251,937 |  |  | 267,687 |
Corporate (B) |  |  | 298,825 |  |  | 308,969 |
Eliminations |  |  | (269,887) |  |  | (268,843) |
Total assets |  | $ | 594,406 |  | $ | 592,691 |
(A) | These amounts represent depreciation and amortization on property, plant and equipment and certain intangible assets.
(B) | Assets located at Corporate consist primarily of cash, intercompany loan receivables and equity investments.
The following table presents net sales and long -term assets for each of the geographic areas in which the Company operates:
|  | Three months ended |  | Six months ended |
|  | June 30, |  | June 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 151,366 |  | $ | 159,216 |  | $ | 304,465 |  | $ | 329,339 |
South America |  |  | 46,715 |  |  | 38,474 |  |  | 89,144 |  |  | 92,165 |
Europe and Other |  |  | 44,704 |  |  | 36,575 |  |  | 84,886 |  |  | 75,028 |
Total net sales |  | $ | 242,785 |  | $ | 234,265 |  | $ | 478,495 |  | $ | 496,532 |
|  | June 30, |  | December 31, |
|  | 2013 |  | 2012 |
Long-term Assets: |  |  |  |  |  |  |
North America |  | $ | 78,732 |  | $ | 82,777 |
South America |  |  | 166,681 |  |  | 185,109 |
Europe and Other |  |  | 13,494 |  |  | 13,751 |
Total long-term assets |  | $ | 258,907 |  | $ | 281,637 |

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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 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: 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 3: 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 4: 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 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 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 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 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: 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 11: 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 Reference 12: 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 13: 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 14: 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 + Details
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