SEGMENTS

3 Months Ended

Mar. 31, 2015

SEGMENTS [Abstract]

SEGMENTS

13. SEGMENTS

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 net sales and income from operations.  The following is a summary of key financial data:

	Three Months Ended
	March 31,
	2015			2014
Net Sales to External Customers:
North America	$	76,760		$	28,732
Asia		45,521			43,048
Europe		19,734			10,866
	$	142,015		$	82,646
Net Sales:
North America	$	87,017		$	31,454
Asia		73,149			49,891
Europe		41,537			10,892
Less intercompany net sales		(59,688	)		(9,591	)
	$	142,015		$	82,646
Income from Operations:
North America	$	3,506		$	882
Asia		666			1,673
Europe		5,187			326
	$	9,359		$	2,881

Net Sales – Segment net sales are attributed to individual segments based on the geographic source of the billing for such customer sales.  Intercompany sales 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 from operations represents net sales less operating costs and expenses and does not include any amounts related to intercompany transactions.

The following items are included in the segment data presented above:

Recent Acquisitions – The 2014 Acquisitions contributed to Bel's segment sales and income from operations during the three months ended March 31, 2015 as follows:

	Power			Connectivity			2014
	Solutions			Solutions			Acquisitions
Sales to External Customers:
North America	$	33,400		$	14,489		$	47,889
Asia		350			1,078			1,428
Europe		7,915			1,578			9,493
Total	$	41,665		$	17,145		$	58,810
Income from Operations:
North America	$	1,135		$	936		$	2,071
Asia		(832	)		(166	)		(998	)
Europe		4,621			181			4,802
Total	$	4,924		$	951		$	5,875