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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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

Year ended December 31		2018			2017			2016
Net Sales:
Control Devices		$	441,297		$	447,528		$	408,132
Inter-segment sales			8,348			5,044			1,826
Control Devices net sales			449,645			452,572			409,958
Electronics (D)			344,727			282,383			205,256
Inter-segment sales			37,126			39,501			33,361
Electronics net sales			381,853			321,884			238,617
PST			80,175			94,533			82,589
Inter-segment sales			2			563			-
PST net sales			80,177			95,096			82,589
Eliminations			(45,476)			(45,108)			(35,187)
Total net sales		$	866,199		$	824,444		$	695,977
Operating Income (Loss):
Control Devices		$	64,191		$	72,555		$	61,815
Electronics (D)			28,236			18,119			14,798
PST			4,989			2,661			(3,462)
Unallocated Corporate (A)			(30,412)			(35,965)			(29,069)
Total operating income		$	67,004		$	57,370		$	44,082
Depreciation and Amortization:
Control Devices		$	11,914		$	10,887		$	10,276
Electronics (D)			8,982			8,143			3,971
PST			7,443			8,316			8,559
Unallocated Corporate			852			584			452
Total depreciation and amortization (B)		$	29,191		$	27,930		$	23,258
Interest Expense, net:
Control Devices		$	76		$	103		$	226
Electronics			85			119			142
PST			824			1,812			3,396
Unallocated Corporate			3,735			3,749			2,513
Total interest expense, net		$	4,720		$	5,783		$	6,277
Capital Expenditures:
Control Devices		$	16,737		$	17,484		$	13,261
Electronics (D)			5,965			8,158			5,665
PST			3,242			3,831			3,213
Unallocated Corporate(C)			3,083			2,697			2,337
Total capital expenditures		$	29,027		$	32,170		$	24,476

		December 31,			December 31,
		2018			2017
Total Assets:
Control Devices		$	175,708		$	164,632
Electronics (D)			265,838			252,324
PST			81,002			100,382
Corporate (C)			359,837			377,657
Eliminations			(322,866)			(335,958)
Total assets		$	559,519		$	559,037

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

Year ended December 31		2018			2017			2016
Net Sales:
North America		$	480,511		$	471,770		$	428,046
South America			80,175			94,533			82,589
Europe and Other (D)			305,513			258,141			185,342
Total net sales		$	866,199		$	824,444		$	695,977

		December 31,			December 31,
		2018			2017
Long-term Assets:
North America		$	86,763		$	89,997
South America			45,408			58,989
Europe and Other (D)			107,171			106,682
Total long-term assets		$	239,342		$	255,668

(A) Unallocated Corporate expenses include, among other items, accounting/finance, human resources, information technology and legal costs as well as 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 headquarter building, information technology assets, equity investments and investments in subsidiaries.

(D) The amounts for 2018 and 2017 include the Orlaco business which was acquired on January 31, 2017 as disclosed in Note 2.      

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:

Year ended December 31		2018			2017			2016
Net Sales:
North America		$	480,511		$	471,770		$	428,046
South America			80,175			94,533			82,589
Europe and Other (D)			305,513			258,141			185,342
Total net sales		$	866,199		$	824,444		$	695,977

		December 31,			December 31,
		2018			2017
Long-term Assets:
North America		$	86,763		$	89,997
South America			45,408			58,989
Europe and Other (D)			107,171			106,682
Total long-term assets		$	239,342		$	255,668

(A) Unallocated Corporate expenses include, among other items, accounting/finance, human resources, information technology and legal costs as well as 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 headquarter building, information technology assets, equity investments and investments in subsidiaries.

(D) The amounts for 2018 and 2017 include the Orlaco business which was acquired on January 31, 2017 as disclosed in Note 2.      

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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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