Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Segment Reporting Information, by Segment

A summary of financial information by reportable segment is as follows:


Years ended December 31		2014		2013		2012
Net Sales:
Control Devices	$	306,658	$	291,145	$	267,860
Inter-segment sales		3,080		2,875		3,905
Control Devices net sales		309,738		294,020		271,765

Electronics		214,141		189,809		164,196
Inter-segment sales		35,163		41,137		51,857
Electronics net sales		249,304		230,946		216,053

PST		139,780		178,532		180,410
Inter-segment sales		-		-		-
PST net sales		139,780		178,532		180,410

Eliminations		(38,243)		(44,012)		(55,762)
Total net sales	$	660,579	$	659,486	$	612,466
Operating Income (Loss):
Control Devices	$	35,387	$	32,331	$	20,945
Electronics		17,444		20,732		15,851
PST (A)		(59,587)		7,211		583
Unallocated Corporate (B)		(19,067)		(17,871)		(17,474)
Total operating income (loss)	$	(25,823)	$	42,403	$	19,905
Depreciation and Amortization:
Control Devices	$	9,545	$	9,877	$	9,119
Electronics		4,432		4,800		4,485
PST		12,998		14,426		15,613
Corporate		130		183		188
Total depreciation and amortization (C)	$	27,105	$	29,286	$	29,405
Interest Expense, net:
Control Devices	$	303	$	182	$	254
Electronics		695		760		1,342
PST		2,764		1,174		2,375
Corporate		13,118		15,980		15,898
Total interest expense, net	$	16,880	$	18,096	$	19,869
Capital Expenditures:
Control Devices	$	13,658	$	9,906	$	8,788
Electronics		3,541		4,667		3,435
PST		6,161		6,663		9,102
Corporate		156		340		1,584
Total capital expenditures	$	23,516	$	21,576	$	22,909



As of December 31		2014		2013
Total Assets:
Control Devices	$	115,703	$	105,730
Electronics		95,140		105,352
PST		159,980		237,649
Corporate (D)		279,013		301,889
Eliminations		(251,085)		(259,267)
Total assets	$	398,751	$	491,353


	(A)	The PST operating loss for the year ended December 31, 2014 includes a goodwill impairment charge of $51,458.
	(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 for the geographic areas in which the Company operates:


Years ended December 31		2014		2013		2012

Net Sales:
North America	$	330,516	$	301,592	$	277,850
South America		139,780		178,532		180,410
Europe and Other		190,283		179,362		154,206
Total net sales	$	660,579	$	659,486	$	612,466



As of December 31		2014		2013

Long-term Assets:
North America	$	53,406	$	49,853
South America		85,433		154,226
Europe and Other		14,401		14,641
Total long-term assets	$	153,240	$	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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