Segment And Geographic Information

9 Months Ended

Sep. 30, 2017

Segment And Geographic Information [Abstract]

Note 9 – Segment and Geographic Information

The Company currently has manufacturing facilities in the Americas, Asia and Europe to serve its customers. The Company is operated and managed geographically, and management evaluates performance and allocates the Company’s resources on a geographic basis. Intersegment sales are generally recorded at prices that approximate arm’s length transactions. Operating segments’ measure of profitability is based on income from operations. The accounting policies for the reportable operating segments are the same as for the Company taken as a whole. The Company has three reportable operating segments: Americas, Asia and Europe. Information about operating segments is as follows:

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(in thousands)			2017		2016		2017		2016
Net sales:
	Americas	$	378,129	$	387,827	$	1,158,290	$	1,135,995
	Asia		202,149		169,215		568,247		505,410
	Europe		43,793		37,113		127,617		119,633
	Elimination of intersegment sales		(20,521)		(19,814)		(67,199)		(58,130)
		$	603,550	$	574,341	$	1,786,955	$	1,702,908

Depreciation and amortization:
	Americas	$	5,679	$	6,031	$	16,599	$	17,639
	Asia		2,882		4,055		9,021		12,304
	Europe		705		702		2,041		2,098
	Corporate		3,008		3,314		8,930		9,961
		$	12,274	$	14,102	$	36,591	$	42,002

Income from operations:
	Americas	$	15,463	$	21,481	$	49,270	$	60,960
	Asia		20,963		12,337		53,328		34,894
	Europe		2,560		2,390		7,512		7,878
	Corporate and intersegment eliminations		(18,171)		(18,126)		(54,651)		(51,642)
		$	20,815	$	18,082	$	55,459	$	52,090

Capital expenditures:
	Americas	$	8,548	$	7,102	$	17,584	$	16,698
	Asia		1,696		1,372		12,820		5,945
	Europe		638		532		4,018		1,204
	Corporate		475		189		3,314		1,551
		$	11,357	$	9,195	$	37,736	$	25,398

						September 30,		December 31,
							2017		2016
Total assets:
	Americas					$	832,024	$	864,388
	Asia						689,571		634,838
	Europe						452,015		393,443
	Corporate and other						103,096		105,999
						$	2,076,706	$	1,998,668

Geographic net sales information reflects the destination of the product shipped. Long-lived assets information is based upon the physical location of the asset.

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(in thousands)			2017		2016		2017		2016
Geographic net sales:
	United States	$	398,363	$	403,561	$	1,186,330	$	1,200,752
	Singapore		59,594		48,057		179,158		134,635
	Other Asia		53,327		37,770		144,620		104,911
	Europe		70,852		57,835		218,314		180,362
	Other Foreign		21,414		27,118		58,533		82,248
		$	603,550	$	574,341	$	1,786,955	$	1,702,908

						September 30,			December 31,
							2017		2016
Long-lived assets:
	United States					$	163,325	$	167,367
	Asia						73,418		67,998
	Europe						10,967		8,415
	Other						26,052		24,290
						$	273,762	$	268,070