BUSINESS SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2012

BUSINESS SEGMENT INFORMATION [Abstract]

BUSINESS SEGMENT INFORMATION

7.   BUSINESS SEGMENT INFORMATION

The Company operates in one industry with three reportable operating segments, which are geographic in nature.  The segments consist of North America, Asia and Europe.  The primary criteria by which financial performance is evaluated and resources are allocated are sales and income from operations.  The following is a summary of key financial data (dollars in thousands):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Total segment sales:
North America	$	34,370		$	37,842		$	106,349		$	113,195
Asia		47,238			46,501			125,881			136,638
Europe		8,983			8,577			24,200			26,742
Total segment sales		90,591			92,920			256,430			276,575
Reconciling item:
Intersegment sales		(14,532	)		(17,017	)		(41,588	)		(50,096	)
Net sales	$	76,059		$	75,903		$	214,842		$	226,479
Income from operations:
North America	$	(189	)	$	1,785		$	4,074		$	6,061
Asia		1,046			(143	)		7			(1,272	)
Europe		168			296			741			1,523
	$	1,025		$	1,938		$	4,822		$	6,312

The following items are included in the income from operations presented above:

Recent Acquisitions – During the three and nine months ended September 30, 2012, the 2012 Acquired Companies contributed combined revenues of $0.9 million and $1.0 million, respectively, and estimated income from operations of $0.1 million and $0.1 million, respectively, to the Company's Europe operating segment since their respective acquisition dates.

Restructuring Charges – During the three and nine months ended September 30, 2012, the Company recorded $1.8 million and $2.2 million, respectively, of restructuring charges.  These charges related to severance and equipment transportation costs associated with the Company's 2012 restructuring program.  During the three and nine months ended September 30, 2012, $0.6 million of severance costs were incurred by the Company's Asia operating segment.  The remaining restructuring charges were incurred by the Company's North America operating segment.

Litigation Charges – During the three and nine months ended September 30, 2011, the Company recorded $0.2 million and $3.5 million, respectively, of litigation charges related to the Halo and SynQor lawsuits.  These charges primarily impacted the Company's Asia operating segment.

Segment Sales – Segment sales are attributed to individual segments based on the geographic source of the billing for such customer sales.  Transfers between geographic areas include finished products manufactured in foreign countries which are then transferred to the United States and Europe for sale; finished goods manufactured in the United States which are transferred to Europe and Asia for sale; and semi-finished components manufactured in the United States which are sold to Asia for further processing. Income (loss) from operations represents net sales less operating costs and expenses.