BUSINESS SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2013

BUSINESS SEGMENT INFORMATION [Abstract]

BUSINESS SEGMENT INFORMATION

6.            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
	March 31,
	2013			2012
Total segment sales:
North America	$	29,222		$	36,525
Asia		32,725			34,847
Europe		10,125			7,990
Total segment sales		72,072			79,362
Reconciling item:
Intersegment sales		(9,044	)		(13,801	)
Net sales	$	63,028		$	65,561
(Loss) income from operations:
North America	$	(1,482	)	$	2,310
Asia		(666	)		(1,562	)
Europe		728			686
	$	(1,420	)	$	1,434

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

Recent Acquisitions– During the three months ended March 31, 2013, the 2012 Acquired Companies contributed combined revenues of $2.9 million and estimated income from operations of $0.8 million, respectively, to the Company's Europe operating segment.  The first of the 2012 Acquisitions occurred on March 9, 2012 with the acquisition of GigaCom and as a result, the 2012 Acquisitions did not have a material impact on the Company's condensed consolidated statement of operations for the three months ended March 31, 2012.

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.  (Loss) income from operations represents net sales less operating costs and expenses.