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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2018

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,
		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

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,
		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

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

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-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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