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Segment Information | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Segment Information | Segment Information We determined our reportable segments under the provisions of U.S. GAAP related to disclosures about segments of an enterprise. Management has concluded that Mobile Solutions, which is focused on growth in the general industrial and automotive end markets; Power Solutions, which is focused on growth in the electrical and aerospace and defense end markets; and Life Sciences, which is focused on growth in the medical end market, constitute our operating segments. Mobile Solutions, Power Solutions, and Life Sciences are considered operating segments as each engages in business activities for which it earns revenues and incurs expenses, discrete financial information is available for each, and this is the level at which the Chief Operating Decision Maker (“CODM”) reviews discrete financial information for purposes of allocating resources and assessing performance. Segment Results The following table presents results of operations for each reportable segment.
|  | Mobile Solutions |  | Power Solutions |  | Life Sciences |  | Corporate and Consolidations |  |  |  | Total
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 79,444 |  |  | $ | 51,393 |  |  | $ | 91,332 |  |  | $ | (503 | ) |  | (a) |  | $ | 221,666 |
Income (loss) from operations |  | $ | 4,092 |  |  | $ | 5,682 |  |  | $ | 9,305 |  |  | $ | (10,981 | ) |  |  |  | $ | 8,098 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | (13,958 | )
Other |  |  |  |  |  |  |  |  |  |  |  | (57 | )
Loss before provision for income taxes and share of net income from joint venture |  |  |  |  |  |  |  |  |  |  |  | $ | (5,917 | )
Three Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 88,079 |  |  | $ | 49,820 |  |  | $ | 59,153 |  |  | $ | (703 | ) |  | (a) |  | $ | 196,349 |
Income (loss) from operations |  | $ | 7,380 |  |  | $ | 6,000 |  |  | $ | 2,041 |  |  | $ | (15,713 | ) |  |  |  | $ | (292 | )
Interest expense |  |  |  |  |  |  |  |  |  |  |  | (15,988 | )
Other |  |  |  |  |  |  |  |  |  |  |  | (14,825 | )
Loss before benefit for income taxes and share of net income from joint venture |  |  |  |  |  |  |  |  |  |  |  | $ | (31,105 | )
|  | Mobile Solutions |  | Power Solutions |  | Life Sciences |  | Corporate and Consolidations |  |  |  | Total
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 157,519 |  |  | $ | 101,050 |  |  | $ | 177,340 |  |  | $ | (987 | ) |  | (a) |  | $ | 434,922 |
Income (loss) from operations |  | $ | 8,199 |  |  | $ | 9,506 |  |  | $ | 13,151 |  |  | $ | (22,157 | ) |  |  |  | $ | 8,699 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | (27,759 | )
Other |  |  |  |  |  |  |  |  |  |  |  | (3,485 | )
Loss before benefit for income taxes and share of net income from joint venture |  |  |  |  |  |  |  |  |  |  |  | $ | (22,545 | )
Six Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 177,873 |  |  | $ | 98,502 |  |  | $ | 90,353 |  |  | $ | (1,231 | ) |  | (a) |  | $ | 365,497 |
Income (loss) from operations |  | $ | 17,165 |  |  | $ | 11,233 |  |  | $ | 6,245 |  |  | $ | (31,242 | ) |  |  |  | $ | 3,401 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | (27,984 | )
Other |  |  |  |  |  |  |  |  |  |  |  | (14,512 | )
Loss before benefit for income taxes and share of net income from joint venture |  |  |  |  |  |  |  |  |  |  |  | $ | (39,095 | )
_______________________________
(a) | Includes elimination of intersegment transactions occurring during the ordinary course of business.
|  | Total Assets as of
|  | June 30, 2019 |  | December 31, 2018
Mobile Solutions |  | $ | 396,398 |  |  | $ | 356,387 |
Power Solutions |  | 309,516 |  |  | 297,947 |
Life Sciences |  | 815,626 |  |  | 802,770 |
Corporate and Consolidations |  | 50,745 |  |  | 44,466 |
Total |  | $ | 1,572,285 |  |  | $ | 1,501,570 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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