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Note 20 - Segment Information
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

(20)         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 85% and 82% of total net revenue in 2014 and 2013, respectively. Revenue derived from outsourced services for the Electronics Group accounted for 6% and 7% of total net revenue in 2014 and 2013, 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,    
   

2014

   

2013

 

Net revenue from unaffiliated customers:

               

Industrial Group

  $ 322,262     $ 276,136  

Electronics Group

    32,514       34,578  
    $ 354,776     $ 310,714  

    Year Ended December 31,  
    2014     2013  

Gross profit (loss):

               

Industrial Group

  $ 42,021     $ 31,638  

Electronics Group

    (3,191 )     (1,585 )
    $ 38,830     $ 30,053  

Operating income (loss):

               

Industrial Group

  $ 25,160     $ 20,021  

Electronics Group

    (13,479 )     (21,851 )

General, corporate and other

    (8,961 )     (8,558 )
    $ 2,720     $ (10,388 )

Income (loss) before income taxes:

               

Industrial Group

  $ 26,454     $ 20,985  

Electronics Group

    (13,476 )     (21,858 )

General, corporate and other

    (9,593 )     (9,107 )
    $ 3,385     $ (9,980 )

Depreciation and amortization:

               

Industrial Group

  $ 9,374     $ 11,261  

Electronics Group

    945       999  

General, corporate and other

    90       141  
    $ 10,409     $ 12,401  

Capital expenditures:

               

Industrial Group

  $ 3,725     $ 4,547  

Electronics Group

    811       444  

General, corporate and other

    723       62  
    $ 5,259     $ 5,053  

    December 31,  
    2014     2013  

Total assets:

               

Industrial Group

  $ 95,105     $ 100,593  

Electronics Group

    26,874       29,689  

General, corporate and other

    7,699       16,001  
    $ 129,681     $ 146,283  

Total liabilities:

               

Industrial Group

  $ 55,505     $ 54,232  

Electronics Group

    8,697       9,216  

General, corporate and other

    18,601       26,583  
    $ 82,793     $ 90,031  

The Company’s export sales from the U.S. totaled $58,498,000 and $45,163,000 in 2014 and 2013, respectively. Approximately $111,177,000 and $95,392,000 of net revenue in 2014 and 2013, respectively, and $13,033,000 and $16,656,000 of long lived assets at December 31, 2014 and 2013, respectively, and net assets of $20,388,000 and $20,779,000 at December 31, 2014 and 2013 relate to the Company’s international operations.