SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

Segment income is measured for internal reporting purposes by excluding corporate expenses, interest income, interest expense, and income taxes. Corporate expenses consist primarily of executive employment costs, certain professional fees, and costs associated with the Company’s global headquarters. Financial results for each reportable segment are as follows (in thousands):

	Three Months Ended June 30, 2014
	MMS		ATA		Inter-Segment Eliminations			Total
Sales	$	61,435	$	17,495	$	(79	)	$	78,851
Depreciation and amortization	1,756		647					2,403
Segment income	964		1,926					2,890
Capital expenditures	421		378					799

	Three Months Ended June 30, 2013
	MMS		ATA		Inter-Segment Eliminations			Total
Sales	$	66,817	$	12,665	$	(127	)	$	79,355
Depreciation and amortization	1,686		540					2,226
Segment income	3,213		1,783					4,996
Capital expenditures	628		148					776

	Six Months Ended June 30, 2014
	MMS			ATA		Inter-Segment Eliminations			Total
Sales	$	115,624		$	34,228	$	(151	)	$	149,701
Depreciation and amortization	3,534			1,287					4,821
Segment (loss) income	(13		)	3,734					3,721
Capital expenditures	679			445					1,124
Segment assets(1)	250,002			57,333					307,335

	Six Months Ended June 30, 2013
	MMS		ATA		Inter-Segment Eliminations			Total
Sales	$	126,890	$	19,986	$	(302	)	$	146,574
Depreciation and amortization	3,360		723					4,083
Segment income	4,075		2,900					6,975
Capital expenditures	1,136		491					1,627
Segment assets(1)	264,704		58,086					322,790

____________________

⁽¹⁾  Segment assets primarily consist of restricted cash, accounts receivable, inventories, prepaid and other assets, property, plant and equipment, and intangible assets. Unallocated assets primarily include, cash and cash equivalents, corporate property, plant and equipment, deferred income taxes, and other non-current assets.

A reconciliation of segment income to consolidated income from operations before income taxes for the three and six months ended June 30, 2014 and 2013 are as follows (in thousands):

	Three Months Ended   June 30,						Six Months Ended   June 30,
	2014			2013			2014			2013
Segment income	$	2,890		$	4,996		$	3,721		$	6,975
Unallocated corporate expense	(1,170		)	(492		)	(2,292		)	(1,516		)
Interest expense, net	(143		)	(297		)	(366		)	(487		)
Other unallocated expense	(84		)	(1,839		)	(84		)	(2,342		)
Income from continuing operations before income taxes	$	1,493		$	2,368		$	979		$	2,630

A reconciliation of segment assets to consolidated total assets follows (in thousands):

	June 30, 2014		December 31, 2013
Total segment assets	$	307,335	$	303,423
Unallocated assets	27,276		40,760
Total assets	$	334,611	$	344,183

Unallocated assets include cash of $22.3 million and $34.7 million at June 30, 2014 and December 31, 2013, respectively.