Segment And Geographic Information

3 Months Ended

Mar. 31, 2018

Segment And Geographic Information [Abstract]

Segment And Geographic Information

Note 12 – 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
		March 31,
(in thousands)			2018		2017
				(as adjusted)
Net sales:
	Americas	$	378,785	$	361,320
	Asia		195,122		179,304
	Europe		50,796		40,644
	Elimination of intersegment sales		(16,567)		(23,365)
		$	608,136	$	557,903
Depreciation and amortization:
	Americas	$	5,609	$	5,505
	Asia		2,822		3,166
	Europe		884		657
	Corporate		3,069		2,945
		$	12,384	$	12,273
Income from operations:
	Americas	$	16,737	$	12,621
	Asia		17,649		13,379
	Europe		2,995		2,370
	Corporate and intersegment eliminations		(19,414)		(17,481)
		$	17,967	$	10,889
Other income (expense):
	Interest expense		(2,428)		(2,225)
	Interest income		1,933		1,074
	Other income (expense)		43		(81)
	Income before income taxes	$	17,515	$	9,657
Capital expenditures:
	Americas	$	12,849	$	3,266
	Asia		5,713		2,410
	Europe		1,022		914
	Corporate		1,293		988
		$	20,877	$	7,578

			March 31,	December 31,
(in thousands)			2018		2017
				(as adjusted)
Total assets:
	Americas	$	786,480	$	812,187
	Asia		726,481		674,783
	Europe		206,237		470,786
	Corporate and other		338,808		151,548
		$	2,058,006	$	2,109,304

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
		March 31,
(in thousands)			2018		2017
				(as adjusted)
Geographic net sales:
	United States	$	391,967	$	368,717
	Asia		106,991		93,632
	Europe		80,541		74,922
	Other foreign		28,637		20,632
		$	608,136	$	557,903
			March 31,	December 31,
			2018		2017
Long-lived assets:
	United States	$	179,386	$	167,858
	Asia		78,867		77,750
	Europe		11,194		11,042
	Other foreign		26,900		25,830
		$	296,347	$	282,480