BUSINESS SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2014

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,
	2014			2013
Total segment sales:
North America	$	31,454		$	29,222
Asia		49,891			32,725
Europe		10,892			10,125
Total segment sales		92,237			72,072
Reconciling item:
Intersegment sales		(9,591	)		(9,044	)
Net sales	$	82,646		$	63,028
Income (loss) from operations:
North America	$	882		$	(1,482	)
Asia		1,673			(666	)
Europe		326			721
	$	2,881		$	(1,427	)

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

Recent Acquisitions – During the three months ended March 31, 2014, the acquisition of TRP contributed revenues of $15.6 million and income from operations of $1.4 million to the Company's Asia operating segment and revenues of $0.6 million and income from operations of $0.1 million to the Company's Europe operating segment. During the three months ended March 31, 2014, the acquisition of Array contributed revenues of $1.6 million and a loss from operations of $0.5 million to the Company's North America operating segment.  There was no operating activity related to either of the 2013 Acquisitions during the three months ended March 31, 2013.

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.