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Segment Information | 12 Months Ended
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Dec. 31, 2011
Segment Information [Abstract] |
Segment Information |
12) | Segment Information
We determined our reportable segments under the provisions of U.S. GAAP related to disclosures about segments of an enterprise. Our three reportable segments are based on differences in product lines and are as follows: Metal Bearing Components Segment
| • |  | Erwin Plant
| • |  | Mountain City Plant
| • |  | Pinerolo Plant
| • |  | Veenendaal Plant
| • |  | Kysucke Plant
| • |  | Kunshan Plant
Plastic and Rubber Components Segment
| • |  | Danielson Plant
| • |  | Lubbock Plant
Precision Metal Components Segment
| • |  | Wellington Plant 1
| • |  | Wellington Plant 2
Note: The segment information below includes the following former NN facilities. The Eltmann Plant was deconsolidated from NN on January 20, 2011. The Tempe plant ceased operations August 31, 2010. The Hamilton Plant was closed during the first quarter of 2009. All of the facilities in the Metal Bearing Components Segment are engaged in the production of precision steel balls, steel rollers, and metal retainers and automotive specialty products used primarily in the bearing industry. The Plastic and Rubber Components Segment facilities are engaged in the production of plastic retainers for bearing components, automotive components, electronic instrument cases and other molded components used in a variety of industrial and consumer applications and precision rubber bearing seals for the bearing, automotive, industrial, agricultural, and aerospace markets. The Precision Metal Components Segment is engaged in the production of highly engineered precision metal components and subassemblies including, highly engineered shafts, mechanical components, complex precision assembled and tested parts and fluid system components for the automotive, HVAC, fluid power, and diesel engine industries. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. We evaluate segment performance based on segment net income (loss) after income tax expense (benefit). We account for inter-segment sales and transfers at current market prices. We did not have any individually material inter-segment transactions during 2011, 2010, or 2009.
|  | Metal Bearing Components Segment |  |  | Precision Metal Components Segment |  |  | Plastic and Rubber Components Segment |  |  | Corporate and Consolidations |  |  | Total |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 308,883 |  |  | $ | 72,272 |  |  | $ | 43,536 |  |  | $ | — |  |  | $ | 424,691 |
Interest expense |  |  | 214 |  |  |  | 1,279 |  |  |  | 960 |  |  |  | 2,262 |  |  |  | 4,715 |
Depreciation and amortization |  |  | 12,295 |  |  |  | 3,346 |  |  |  | 1,371 |  |  |  | 4 |  |  |  | 17,016 |
Income tax expense |  |  | 4,785 |  |  |  | — |  |  |  | — |  |  |  | 383 |  |  |  | 5,168 |
Segment net income (loss) |  |  | 30,360 |  |  |  | (3,143 | ) |  |  | 1,919 |  |  |  | (8,199 | ) |  |  | 20,937 |
Segment assets |  |  | 188,872 |  |  |  | 47,027 |  |  |  | 19,740 |  |  |  | 3,822 |  |  |  | 259,461 |
Expenditures for long- lived assets |  |  | 11,791 |  |  |  | 7,194 |  |  |  | 1,344 |  |  |  | — |  |  |  | 20,329 |
December 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 271,339 |  |  | $ | 54,913 |  |  | $ | 39,117 |  |  | $ | — |  |  | $ | 365,369 |
Interest expense |  |  | 660 |  |  |  | 1,629 |  |  |  | 960 |  |  |  | 3,566 |  |  |  | 6,815 |
Depreciation and amortization |  |  | 13,522 |  |  |  | 4,230 |  |  |  | 1,439 |  |  |  | 4 |  |  |  | 19,195 |
Income tax expense (benefit) |  |  | 4,687 |  |  |  | — |  |  |  | — |  |  |  | (118 | ) |  |  | 4,569 |
Segment net income (loss) |  |  | 24,910 |  |  |  | (8,922 | ) |  |  | 2,504 |  |  |  | (12,076 | ) |  |  | 6,416 |
Segment assets |  |  | 190,700 |  |  |  | 34,839 |  |  |  | 18,871 |  |  |  | 4,145 |  |  |  | 248,555 |
Expenditures for long- lived assets |  |  | 5,450 |  |  |  | 9,015 |  |  |  | 784 |  |  |  | — |  |  |  | 15,249 |
December 31, 2009 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 183,605 |  |  | $ | 45,003 |  |  | $ | 30,775 |  |  | $ | — |  |  | $ | 259,383 |
Interest expense |  |  | 959 |  |  |  | 1,359 |  |  |  | 960 |  |  |  | 3,081 |  |  |  | 6,359 |
Depreciation and amortization |  |  | 17,002 |  |  |  | 3,573 |  |  |  | 1,607 |  |  |  | 4 |  |  |  | 22,186 |
Income tax expense (benefit) |  |  | (4,621 | ) |  |  | — |  |  |  | — |  |  |  | 2,331 |  |  |  | (2,290 | )
Segment net loss |  |  | (16,108 | ) |  |  | (4,391 | ) |  |  | (2,091 | ) |  |  | (12,744 | ) |  |  | (35,334 | )
Segment assets |  |  | 190,482 |  |  |  | 29,208 |  |  |  | 18,435 |  |  |  | 4,527 |  |  |  | 242,652 |
Expenditures for long- lived assets |  |  | 3,187 |  |  |  | 993 |  |  |  | 75 |  |  |  | — |  |  |  | 4,255 |
Due to the large number of countries in which we sell our products, sales to external customers and long-lived assets utilized by us are reported in the following geographical regions:
|  | December 31, 2011 |  |  | December 31, 2010 |  |  | December 31, 2009 |
|  | Net Sales |  |  | Property, Plant and Equipment, Net |  |  | Net Sales |  |  | Property, Plant and Equipment, Net |  |  | Net Sales |  |  | Property, Plant and Equipment, Net |
United States |  | $ | 140,492 |  |  | $ | 46,959 |  |  | $ | 120,576 |  |  | $ | 41,906 |  |  | $ | 91,688 |  |  | $ | 40,188 |
Europe |  |  | 193,948 |  |  |  | 56,442 |  |  |  | 162,438 |  |  |  | 61,813 |  |  |  | 118,556 |  |  |  | 74,331 |
Asia |  |  | 42,591 |  |  |  | 17,127 |  |  |  | 41,616 |  |  |  | 14,769 |  |  |  | 27,463 |  |  |  | 15,196 |
Canada |  |  | 6,172 |  |  |  | — |  |  |  | 3,909 |  |  |  | — |  |  |  | 1,771 |  |  |  | — |
Mexico |  |  | 23,024 |  |  |  | — |  |  |  | 18,032 |  |  |  | — |  |  |  | 8,127 |  |  |  | — |
S. America |  |  | 18,464 |  |  |  | — |  |  |  | 18,798 |  |  |  | — |  |  |  | 11,778 |  |  |  | — |
All foreign countries |  |  | 284,199 |  |  |  | 73,569 |  |  |  | 244,793 |  |  |  | 76,582 |  |  |  | 167,695 |  |  |  | 89,527 |
Total |  | $ | 424,691 |  |  | $ | 120,528 |  |  | $ | 365,369 |  |  | $ | 118,488 |  |  | $ | 259,383 |  |  | $ | 129,715 |

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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 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: 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=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: 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=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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