Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Segment Reporting Information, by Segment


		Three months ended				Six months ended
		June 30,				June 30,
		2014		2013		2014		2013
Net Sales:
Control Devices	$	76,413	$	74,434	$	153,737	$	146,347
Inter-segment sales		742		774		1,493		1,570
Control Devices net sales		77,155		75,208		155,230		147,917

Electronics		52,766		48,684		102,857		93,204
Inter-segment sales		11,573		10,849		23,330		21,715
Electronics net sales		64,339		59,533		126,187		114,919

PST		32,920		46,715		66,836		89,144
Inter-segment sales		-		-		-		-
PST net sales		32,920		46,715		66,836		89,144

Eliminations		(12,315)		(11,623)		(24,823)		(23,285)
Total net sales	$	162,099	$	169,833	$	323,430	$	328,695
Operating Income (Loss):
Control Devices	$	8,719	$	8,963	$	17,152	$	16,619
Electronics		4,886		5,283		9,668		10,529
PST (A)		(31,982)		2,278		(34,524)		3,274
Unallocated Corporate (B)		(4,844)		(4,772)		(9,083)		(10,179)
Total operating income (loss)	$	(23,221)	$	11,752	$	(16,787)	$	20,243
Depreciation and Amortization:
Control Devices	$	2,381	$	2,470	$	4,752	$	5,005
Electronics		1,138		1,242		2,239		2,521
PST		3,453		3,654		6,622		7,486
Corporate		35		46		79		94
Total depreciation and amortization (C)	$	7,007	$	7,412	$	13,692	$	15,106
Interest Expense, net:
Control Devices	$	73	$	32	$	133		79
Electronics		232		186		432	$	373
PST		792		282		1,460		559
Corporate		3,975		4,004		7,976		7,943
Total interest expense, net	$	5,072	$	4,504	$	10,001	$	8,954
Capital Expenditures:
Control Devices	$	3,528	$	1,657	$	5,262		4,897
Electronics		2,019		519		2,666	$	988
PST		2,062		1,626		3,729		3,092
Corporate		48		93		107		220
Total capital expenditures	$	7,657	$	3,895	$	11,764	$	9,197


		June 30,		December 31,
		2014		2013
Total Assets:
Control Devices	$	117,384	$	105,730
Electronics		111,599		105,352
PST		219,394		237,649
Corporate (D)		292,967		301,889
Eliminations		(264,083)		(259,267)
Total assets	$	477,261	$	491,353

(A) The PST operating loss for the three and six months ended June 30, 2014 includes a goodwill impairment charge of $29,300.

(B) Unallocated Corporate expenses include, among other items, accounting, finance, legal, information technology costs as well as share-based compensation.

(C) These amounts represent depreciation and amortization on property, plant and equipment and certain intangible assets.

(D) Assets located at Corporate consist primarily of cash, intercompany loan receivables, equity investments and investments in subsidiaries.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table presents net sales and long-term assets from continuing operations for each of the geographic areas in which the Company operates:


		Three months ended				Six months ended
		June 30,				June 30,
		2014		2013		2014		2013

Net Sales:
North America	$	79,718	$	76,789	$	159,516	$	151,592
South America		32,920		46,715		66,836		89,144
Europe and Other		49,461		46,329		97,078		87,959
Total net sales	$	162,099	$	169,833	$	323,430	$	328,695


		June 30,		December 31,
		2014		2013

Long-term Assets:
North America	$	50,494	$	49,853
South America		131,260		154,226
Europe and Other		17,160		14,641
Total long-term assets	$	198,914	$	218,720

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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