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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.