BUSINESS SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2014

BUSINESS SEGMENT INFORMATION [Abstract]

Key financial data

The following is a summary of key financial data (dollars in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Total segment sales:
North America	$	39,405		$	32,301		$	70,859		$	61,523
Asia		61,968			64,036			111,860			96,760
Europe		16,550			10,591			27,441			20,716
Total segment sales		117,923			106,928			210,160			178,999
Reconciling item:
Intersegment sales		(18,484	)		(12,947	)		(28,075	)		(21,990	)
Net sales	$	99,439		$	93,981		$	182,085		$	157,009
Income from operations:
North America	$	(1,617	)	$	(2,012	)	$	(734	)	$	(3,495	)
Asia		4,715			3,776			6,388			3,112
Europe		616			(105	)		941			615
	$	3,714		$	1,659		$	6,595		$	232
	June 30,			December 31,
		2014			2013
Total Assets:
North America	$	175,953		$	117,261
Asia		202,476			148,780
Europe		78,880			42,100
		457,309			308,141
Unallocated Goodwill		37,534			-
	$	494,843		$	308,141

Components of segment sales, income from operations and total assets

The acquisitions of TRP in March 2013, Array in August 2013 and Power Solutions in June 2014 contributed to Bel’s segment sales, income from operations and total assets as follows:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2014			2013		2014			2013
Sales to External Customers:
North America:
Array	$	1,903		$	-	$	3,544		$	-
Power Solutions		5,037			-		5,037			-
		6,940			-		8,581			-
Asia:
TRP		17,227			21,788		32,831			21,788
Power Solutions		357			-		357			-
		17,584			21,788		33,188			21,788
Europe:
TRP		555			392		1,186			392
Power Solutions		1,839			-		1,839			-
		2,394			392		3,025			392
Net sales from 2013-2014 acquisitions		26,918			22,180		44,794			22,180
Income from operations:
North America:
Array		(175	)		-		(682	)		-
Power Solutions		(1,125	)		-		(1,125	)		-
		(1,300	)		-		(1,807	)		-
Asia:
TRP		3,710			3,596		5,110			3,587
Power Solutions		(162	)		-		(162	)		-
		3,548			3,596		4,948			3,587
Europe:
TRP		128			104		228			104
Power Solutions		297			-		297			-
		425			104		525			104
Total income from operations from
2013-2014 acquisitions	$	2,673		$	3,700	$	3,666		$	3,691