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Segment Reporting | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Segment Reporting | ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ (14) 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 three reportable segments, Control Devices, Electronics, and PST, which also represent 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 other driver information systems and includes the Orlaco business which designs and manufactures camera-based vision systems, monitors and related products using its vision processing technology. 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 2017 Form 10-K. The Company's management evaluates the performance of its reportable segments based primarily on revenues from external customers and operating income. Inter-segment sales are accounted for on terms similar to those to third parties and are eliminated upon consolidation. ﻿ The financial information presented below is for our three reportable operating segments and includes adjustments for unallocated corporate costs and intercompany eliminations, where applicable. Such costs and eliminations do not meet the requirements for being classified as an operating segment. Corporate costs include various support functions, such as information technology, corporate finance, legal, executive administration and human resources. ﻿ A summary of financial information by reportable segment is as follows: ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  | Three months ended |  | Nine months ended
﻿ |  | September 30, |  | September 30,
﻿ |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Net Sales: |  |  |  |  |  |  |  |
﻿Control Devices | $ | 108,402 | $ | 106,842 | $ | 333,715 | $ | 339,716
﻿Inter-segment sales |  | 1,556 |  | 1,118 |  | 6,218 |  | 3,269
﻿Control Devices net sales |  | 109,958 |  | 107,960 |  | 339,933 |  | 342,985
﻿Electronics (D) |  | 81,587 |  | 71,354 |  | 261,928 |  | 206,769
﻿Inter-segment sales |  | 9,067 |  | 8,959 |  | 29,310 |  | 30,538
﻿Electronics net sales |  | 90,654 |  | 80,313 |  | 291,238 |  | 237,307
﻿PST |  | 18,864 |  | 25,386 |  | 59,742 |  | 70,519
﻿Inter-segment sales |  | - |  | 145 |  | 2 |  | 145
﻿PST net sales |  | 18,864 |  | 25,531 |  | 59,744 |  | 70,664
﻿ |  |  |  |  |  |  |  |
﻿Eliminations |  | (10,623) |  | (10,222) |  | (35,530) |  | (33,952)
﻿Total net sales | $ | 208,853 | $ | 203,582 | $ | 655,385 | $ | 617,004
﻿Operating Income (Loss): |  |  |  |  |  |  |  |
﻿Control Devices | $ | 16,297 | $ | 16,249 | $ | 51,336 | $ | 55,257
﻿Electronics (D) |  | 8,951 |  | 4,896 |  | 25,107 |  | 13,267
﻿PST |  | 668 |  | 1,018 |  | 1,553 |  | 2,720
﻿Unallocated Corporate (A) |  | (7,604) |  | (8,867) |  | (23,656) |  | (27,108)
﻿Total operating income | $ | 18,312 | $ | 13,296 | $ | 54,340 | $ | 44,136
﻿Depreciation and Amortization: |  |  |  |  |  |  |  |
﻿Control Devices | $ | 3,070 | $ | 2,664 | $ | 8,762 | $ | 8,050
﻿Electronics (D) |  | 2,213 |  | 2,136 |  | 6,756 |  | 5,947
﻿PST |  | 1,583 |  | 2,115 |  | 5,828 |  | 6,299
﻿Unallocated Corporate |  | 200 |  | 181 |  | 596 |  | 376
﻿Total depreciation and amortization (B) | $ | 7,066 | $ | 7,096 | $ | 21,942 | $ | 20,672
﻿Interest Expense, net: |  |  |  |  |  |  |  |
﻿Control Devices | $ | 19 | $ | 19 | $ | 56 | $ | 84
﻿Electronics |  | 32 |  | 24 |  | 89 |  | 68
﻿PST |  | 230 |  | 378 |  | 762 |  | 1,482
﻿Unallocated Corporate |  | 874 |  | 1,087 |  | 2,772 |  | 2,802
﻿Total interest expense, net | $ | 1,155 | $ | 1,508 | $ | 3,679 | $ | 4,436
﻿Capital Expenditures: |  |  |  |  |  |  |  |
﻿Control Devices | $ | 3,938 | $ | 5,523 | $ | 12,996 | $ | 13,318
﻿Electronics (D) |  | 725 |  | 2,417 |  | 4,892 |  | 6,451
﻿PST |  | 522 |  | 974 |  | 2,477 |  | 2,899
﻿Unallocated Corporate(C) |  | 786 |  | 811 |  | 2,451 |  | 2,224
﻿Total capital expenditures | $ | 5,971 | $ | 9,725 | $ | 22,816 | $ | 24,892
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  | September 30, | December 31,
﻿ |  |  |  |  |  | 2018 |  | 2017
﻿Total Assets: |  |  |  |  |  |  |  |
﻿Control Devices |  |  |  |  | $ | 183,221 | $ | 164,632
﻿Electronics |  |  |  |  |  | 265,908 |  | 252,324
﻿PST |  |  |  |  |  | 81,267 |  | 100,382
﻿Corporate (C) |  |  |  |  |  | 346,842 |  | 377,657
﻿Eliminations |  |  |  |  |  | (317,986) |  | (335,958)
﻿Total assets |  |  |  |  | $ | 559,252 | $ | 559,037
﻿ |  |  |  |  |  |  |  |
﻿ ﻿ 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,
﻿ |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Net Sales: |  |  |  |  |  |  |  |
﻿North America | $ | 119,475 | $ | 113,402 | $ | 364,789 | $ | 358,275
﻿South America |  | 18,864 |  | 25,386 |  | 59,742 |  | 70,519
﻿Europe and Other (D) |  | 70,514 |  | 64,794 |  | 230,854 |  | 188,210
﻿Total net sales | $ | 208,853 | $ | 203,582 | $ | 655,385 | $ | 617,004
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  | September 30, | December 31,
﻿ |  |  |  |  |  | 2018 |  | 2017
﻿ |  |  |  |  |  |  |  |
﻿Long-term Assets: |  |  |  |  |  |  |  |
﻿North America |  |  |  |  | $ | 86,895 | $ | 89,997
﻿South America |  |  |  |  |  | 44,728 |  | 58,989
﻿Europe and Other |  |  |  |  |  | 107,719 |  | 106,682
﻿Total long-term assets |  |  |  |  | $ | 239,342 | $ | 255,668
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ (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. (D) The amount for the nine months ended September 30, 2017 includes eight months of activity from the acquisition date of January 31, 2017 related to Orlaco which is disclosed in Note 4.

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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