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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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




		Three months ended				Nine months ended
		September 30,					September 30,
		2017		2016		2017		2016
Net Sales:
Control Devices	$	106,842	$	103,700	$	339,716	$	304,957
Inter-segment sales		1,118		430		3,269		1,448
Control Devices net sales		107,960		104,130		342,985		306,405

Electronics		71,354		47,804		206,769		158,201
Inter-segment sales		8,959		9,495		30,538		24,706
Electronics net sales		80,313		57,299		237,307		182,907

PST		25,386		22,342		70,519		60,207
Inter-segment sales		145		-		145		-
PST net sales		25,531		22,342		70,664		60,207

Eliminations		(10,222)		(9,925)		(33,952)		(26,154)
Total net sales	$	203,582	$	173,846	$	617,004	$	523,365
Operating Income (Loss):
Control Devices	$	16,249	$	15,319	$	55,257	$	47,133
Electronics		4,896		3,735		13,267		12,050
PST		1,018		29		2,720		(4,179)
Unallocated Corporate (A)		(8,867)		(7,303)		(27,108)		(21,092)
Total operating income	$	13,296	$	11,780	$	44,136	$	33,912
Depreciation and Amortization:
Control Devices	$	2,664	$	2,561	$	8,050	$	7,345
Electronics		2,136		996		5,947		3,076
PST		2,115		2,307		6,299		6,388
Unallocated Corporate		181		115		376		309
Total depreciation and amortization (B)	$	7,096	$	5,979	$	20,672	$	17,118
Interest Expense, net:
Control Devices	$	19	$	56	$	84	$	172
Electronics		24		33		68		196
PST		378		934		1,482		2,686
Unallocated Corporate		1,087		661		2,802		1,984
Total interest expense, net	$	1,508	$	1,684	$	4,436	$	5,038
Capital Expenditures:
Control Devices	$	5,523	$	3,229	$	13,318	$	9,260
Electronics		2,417		1,244		6,451		5,229
PST		974		640		2,899		2,516
Unallocated Corporate(C)		811		1,365		2,224		1,479
Total capital expenditures	$	9,725	$	6,478	$	24,892	$	18,484
















					September 30,			December 31,
						2017		2016
Total Assets:
Control Devices					$	166,641	$	150,623
Electronics						245,568		99,964
PST						108,162		107,405
Corporate (C)						356,396		287,031
Eliminations						(336,498)		(250,494)
Total assets					$	540,269	$	394,529






(A) Unallocated Corporate expenses include, among other items, finance, legal, human resources and information technology costs and share-based compensation.

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

(C) Assets located at Corporate consist primarily of cash, intercompany loan receivables, fixed assets for the corporate headquarter building, equity investments and investments in subsidiaries.

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

The following tables present net sales and long-term assets for each of the geographic areas in which the Company operates: 


		Three months ended				Nine months ended
		September 30,				September 30,
		2017		2016		2017		2016
Net Sales:
North America	$	113,402	$	108,605	$	358,275	$	321,973
South America		25,386		22,342		70,519		60,207
Europe and Other (D)		64,794		42,899		188,210		141,185
Total net sales	$	203,582	$	173,846	$	617,004	$	523,365








					September 30,			December 31,
						2017		2016

Long-term Assets:
North America					$	76,539	$	73,835
South America						62,500		63,497
Europe and Other (D)						104,057		16,304
Total long-term assets					$	243,096	$	153,636



X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
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- 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.

+ References

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