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Segment Reporting | 3 Months Ended
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Mar. 31, 2014
Segment Reporting [Abstract] |
Segment Reporting | (11) 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, connectors and instrument panel assemblies. The PST reportable segment designs 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, 2013 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 | as follows: |
Three months ended March 31 |  | 2014 |  | 2013
Net Sales: |  |  |  |
Control Devices | $ | 77,323 | $ | 71,913
Inter-segment sales |  | 752 |  | 796
Control Devices net sales |  | 78,075 |  | 72,709
Electronics |  | 50,091 |  | 44,520
Inter-segment sales |  | 11,757 |  | 10,866
Electronics net sales |  | 61,848 |  | 55,386
Wiring |  | 75,059 |  | 76,848
Inter-segment sales |  | 1,875 |  | 1,603
Wiring net sales |  | 76,934 |  | 78,451
PST |  | 33,916 |  | 42,429
Inter-segment sales |  | - |  | -
PST net sales |  | 33,916 |  | 42,429
Eliminations |  | (14,384) |  | (13,265)
Total net sales | $ | 236,389 | $ | 235,710
Income (Loss) Before Income Taxes: |  |  |  |
Control Devices | $ | 6,835 | $ | 6,267
Electronics |  | 3,619 |  | 3,782
Wiring |  | (618) |  | (427)
PST |  | (5,612) |  | 483
Other corporate activities |  | 697 |  | (864)
Corporate interest expense |  | (4,001) |  | (3,939)
Total income before income taxes | $ | 920 | $ | 5,302
Depreciation and Amortization: |  |  |  |
Control Devices | $ | 2,371 | $ | 2,535
Electronics |  | 1,101 |  | 1,279
Wiring |  | 1,255 |  | 1,211
PST |  | 3,169 |  | 3,832
Corporate |  | 45 |  | 48
Total depreciation and amortization (A) | $ | 7,941 | $ | 8,905
Interest Expense, net: |  |  |  |
Control Devices | $ | 61 | $ | 47
Electronics |  | 199 |  | 187
Wiring |  | 11 |  | 124
PST |  | 668 |  | 277
Corporate |  | 4,001 |  | 3,939
Total interest expense, net | $ | 4,940 | $ | 4,574
Capital Expenditures: |  |  |  |
Control Devices | $ | 1,734 | $ | 3,240
Electronics |  | 647 |  | 469
Wiring |  | 479 |  | 516
PST |  | 1,667 |  | 1,466
Corporate |  | 59 |  | 127
Total capital expenditures | $ | 4,586 | $ | 5,818
|  | March 31, |  | December 31,
|  | 2014 |  | 2013
Total Assets: |  |  |  |
Control Devices | $ | 117,551 | $ | 105,730
Electronics |  | 110,638 |  | 105,352
Wiring |  | 113,048 |  | 98,180
PST |  | 248,070 |  | 237,649
Corporate (B) |  | 294,583 |  | 308,167
Eliminations |  | (270,934) |  | (266,756)
Total assets | $ | 612,956 | $ | 588,322
(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, equity investments and investments in subsidiaries. The following table presents net sales and long-term assets for each of the geographic areas in which the Company operates:
Three months ended March 31 |  | 2014 |  | 2013
Net Sales: |  |  |  |
North America | $ | 155,330 | $ | 153,099
South America |  | 33,916 |  | 42,429
Europe and Other |  | 47,143 |  | 40,182
Total net sales | $ | 236,389 | $ | 235,710
|  | March 31, |  | December 31,
|  | 2014 |  | 2013
Long-term Assets: |  |  |  |
North America | $ | 76,289 | $ | 79,219
South America |  | 158,108 |  | 154,226
Europe and Other |  | 16,161 |  | 14,641
Total long-term assets | $ | 250,558 | $ | 248,086

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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 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 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 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: 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 5: 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 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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