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Segment Reporting | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
Segment Reporting | 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. The Company has four reportable segments: Control Devices, Electronics, Wiring and PST which also represents its operating segments. The Control Devices reportable segment produces sensors, switches, valves and actuators. 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 instrument panel assemblies. The PST reportable segment specializes in the design, manufacture and sale of 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. 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:
Years ended December 31 |  | 2013 |  | 2012 |  | 2011
Net Sales: |  |  |  |  |  |
Control Devices | $ | 291,145 | $ | 267,859 | $ | 259,315
Inter-segment sales |  | 2,875 |  | 3,906 |  | 3,619
Control Devices net sales |  | 294,020 |  | 271,765 |  | 262,935
Electronics |  | 189,809 |  | 164,196 |  | 180,508
Inter-segment sales |  | 41,137 |  | 51,857 |  | 58,029
Electronics net sales |  | 230,946 |  | 216,053 |  | 238,537
Wiring |  | 288,344 |  | 326,048 |  | 325,549
Inter-segment sales |  | 7,593 |  | 3,783 |  | 2,825
Wiring net sales |  | 295,937 |  | 329,831 |  | 328,374
PST (A) |  | 178,532 |  | 180,410 |  | -
Inter-segment sales |  | - |  | - |  | -
PST net sales |  | 178,532 |  | 180,410 |  | -
Eliminations |  | (51,605) |  | (59,546) |  | (64,473)
Total net sales | $ | 947,830 | $ | 938,513 | $ | 765,373
Income (Loss) Before Income Taxes: |  |  |  |  |  |
Control Devices | $ | 26,914 | $ | 15,048 | $ | 17,145
Electronics |  | 15,596 |  | 10,049 |  | 14,743
Wiring |  | (10,074) |  | (289) |  | (17,119)
PST (A) |  | 5,395 |  | (4,985) |  | -
PST - equity in earnings of investee (A) |  | - |  | - |  | 8,805
Other corporate activities (A) |  | (1,117) |  | 635 |  | 63,461
Corporate interest expense |  | (15,980) |  | (15,898) |  | (15,393)
Total income before income taxes | $ | 20,734 | $ | 4,560 | $ | 71,642
Depreciation and Amortization: |  |  |  |  |  |
Control Devices | $ | 9,877 | $ | 9,137 | $ | 9,270
Electronics |  | 4,800 |  | 4,467 |  | 5,174
Wiring |  | 4,978 |  | 5,054 |  | 4,442
PST (A) |  | 14,426 |  | 15,613 |  | -
Corporate |  | 183 |  | 188 |  | 199
Total depreciation and amortization (B) | $ | 34,264 | $ | 34,459 | $ | 19,085
Interest Expense, net: |  |  |  |  |  |
Control Devices | $ | 182 | $ | 254 | $ | 144
Electronics |  | 760 |  | 1,342 |  | 1,619
Wiring |  | 250 |  | 164 |  | 78
PST (A) |  | 1,174 |  | 2,375 |  | -
Corporate |  | 15,980 |  | 15,898 |  | 15,393
Total interest expense, net | $ | 18,346 | $ | 20,033 | $ | 17,234
Capital Expenditures: |  |  |  |  |  |
Control Devices | $ | 9,906 | $ | 9,574 | $ | 10,368
Electronics |  | 4,667 |  | 2,841 |  | 6,148
Wiring |  | 3,768 |  | 3,251 |  | 9,740
PST (A) |  | 6,663 |  | 9,102 |  | -
Corporate |  | 340 |  | 1,584 |  | 34
Total capital expenditures | $ | 25,344 | $ | 26,352 | $ | 26,290
As of December 31 |  | 2013 |  | 2012
Total Assets: |  |  |  |
Control Devices | $ | 105,730 | $ | 100,351
Electronics |  | 105,352 |  | 84,772
Wiring |  | 98,180 |  | 99,755
PST |  | 237,649 |  | 267,687
Corporate (C) |  | 308,167 |  | 308,969
Eliminations |  | (266,756) |  | (268,843)
Total assets | $ | 588,322 | $ | 592,691
(A)The acquisition of a controlling interest in PST occurred on December 31, 2011. As such, PST’s results for the year ended December 31, 2011 were accounted for under the equity method. PST’s results for the years ended December 31, 2013 and 2012 were consolidated. See Note 2 to the consolidated financial statements included in this report. PST’s balance sheet is reflected in the consolidated balance sheet as of December 31, 2013 and 2012. The Company recognized a one-time non-cash pre-tax gain of $65,372 in 2011 within other corporate activities on its previously held interest in PST related to the acquisition. (B)These amounts represent depreciation and amortization on fixed and certain intangible assets. (C) Assets located at Corporate consist primarily of cash, equity investments and intercompany loan receivables. The following table presents net sales and long-term assets for the geographic areas in which the Company operates:
Years ended December 31 |  | 2013 |  | 2012 |  | 2011
Net Sales: |  |  |  |  |  |
North America | $ | 594,854 | $ | 611,756 | $ | 601,490
South America |  | 178,532 |  | 180,410 |  | -
Europe and Other |  | 174,444 |  | 146,347 |  | 163,883
Total net sales | $ | 947,830 | $ | 938,513 | $ | 765,373
|  | December 31, |  | December 31,
|  | 2013 |  | 2012
Long-term Assets: |  |  |  |
North America | $ | 79,219 | $ | 82,777
South America |  | 154,226 |  | 185,109
Europe and Other |  | 14,641 |  | 13,751
Total long-term assets | $ | 248,086 | $ | 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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