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Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2012
Segment Information [Abstract] |
Segment Information |
(24) | Segment Information
The Company is organized into two business groups, the Industrial Group and the Electronics Group. The segments are each managed separately because of the distinctions between the products, services, markets, customers, technologies, and workforce skills of the segments. The Industrial Group provides manufacturing services for a variety of customers that outsource forged and finished steel components and subassemblies. The Industrial Group also manufactures high-pressure closures and other fabricated products. The Electronics Group provides manufacturing and technical services as an outsourced service provider and manufactures complex data storage systems. Revenue derived from outsourced services for the Industrial Group accounted for 78% and 77% of total net revenue in 2012 and 2011, respectively. Revenue derived from outsourced services for the Electronics Group accounted for 6% and 7% of total net revenue in 2012 and 2011, respectively. There was no intersegment net revenue recognized for any year presented. The following table presents financial information for the reportable segments of the Company (in thousands):
|  | Year ended December 31, |
|  | 2012 |  |  | 2011 |
Net revenue from unaffiliated customers: |  |  |  |  |  |  |  |
Industrial Group |  | $ | 286,046 |  |  | $ | 273,305 |
Electronics Group |  |  | 55,558 |  |  |  | 62,320 |
|  | $ | 341,604 |  |  | $ | 335,625 |
|  | Year ended December 31, |
|  | 2012 |  |  | 2011 |
Gross profit: |  |  |  |  |  |  |  |
Industrial Group |  | $ | 30,981 |  |  | $ | 27,343 |
Electronics Group |  |  | 12,768 |  |  |  | 7,886 |
|  | $ | 43,749 |  |  | $ | 35,229 |
Operating income (loss): |  |  |  |  |  |  |  |
Industrial Group |  | $ | 20,270 |  |  | $ | 20,599 |
Electronics Group |  |  | (2,668 | ) |  |  | (5,785 | )
General, corporate and other |  |  | (8,555 | ) |  |  | (8,630 | )
|  | $ | 9,047 |  |  | $ | 6,184 |
Income (loss) from continuing operations before income taxes: |  |  |  |  |  |  |  |
Industrial Group |  | $ | 24,237 |  |  | $ | 27,132 |
Electronics Group |  |  | (2,673 | ) |  |  | (5,656 | )
General, corporate and other |  |  | (9,049 | ) |  |  | (10,420 | )
|  | $ | 12,515 |  |  | $ | 11,056 |
Depreciation and amortization: |  |  |  |  |  |  |  |
Industrial Group |  | $ | 10,831 |  |  | $ | 12,191 |
Electronics Group |  |  | 1,252 |  |  |  | 1,856 |
General, corporate and other |  |  | 168 |  |  |  | 169 |
|  | $ | 12,251 |  |  | $ | 14,216 |
Capital expenditures: |  |  |  |  |  |  |  |
Industrial Group |  | $ | 5,839 |  |  | $ | 5,319 |
Electronics Group |  |  | 1,139 |  |  |  | 1,382 |
General, corporate and other |  |  | 104 |  |  |  | 147 |
|  | $ | 7,082 |  |  | $ | 6,848 |
|  | December 31, |
|  | 2012 |  |  | 2011 |
Total assets: |  |  |  |  |  |  |  |
Industrial Group |  | $ | 114,268 |  |  | $ | 128,386 |
Electronics Group |  |  | 38,852 |  |  |  | 32,277 |
General, corporate and other |  |  | 7,848 |  |  |  | 15,062 |
|  | $ | 160,968 |  |  | $ | 175,725 |
Total liabilities: |  |  |  |  |  |  |  |
Industrial Group |  | $ | 66,679 |  |  | $ | 90,669 |
Electronics Group |  |  | 11,063 |  |  |  | 8,336 |
General, corporate and other |  |  | 20,293 |  |  |  | 16,252 |
|  | $ | 98,035 |  |  | $ | 115,257 |
The Company’s export sales from the U.S. totaled $53,019,000 and $37,914,000 in 2012 and 2011, respectively. Approximately $100,003,000 and $99,074,000 of net revenue in 2012 and 2011, respectively, and $18,214,000 and $17,527,000 of long lived assets at December 31, 2012 and 2011, respectively, and net assets of $26,495,000 and $16,697,000 at December 31, 2012 and 2011 relate to the Company’s international operations.

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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 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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 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 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: 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 15: 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 + Details
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