Segment And Geographic Information

6 Months Ended

Jun. 30, 2018

Segment And Geographic Information [Abstract]

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				Six Months Ended
		June 30,				June 30,
(in thousands)			2018		2017		2018		2017
				(as adjusted)				(as adjusted)
Net sales:
	Americas	$	434,278	$	405,434	$	813,063	$	766,754
	Asia		197,628		194,480		392,750		373,784
	Europe		46,355		43,010		97,151		83,654
	Elimination of intersegment sales		(17,670)		(23,313)		(34,237)		(46,678)
		$	660,591	$	619,611	$	1,268,727	$	1,177,514

Depreciation and amortization:
	Americas	$	5,816	$	5,415	$	11,425	$	10,920
	Asia		2,871		2,973		5,693		6,139
	Europe		900		679		1,784		1,336
	Corporate		3,112		2,977		6,181		5,922
		$	12,699	$	12,044	$	25,083	$	24,317

Income from operations:
	Americas	$	15,522	$	19,157	$	32,259	$	31,777
	Asia		16,829		20,457		34,478		33,837
	Europe		2,200		2,509		5,195		4,879
	Corporate and intersegment eliminations		(20,202)		(18,999)		(39,616)		(36,480)
		$	14,349	$	23,124	$	32,316	$	34,013
Other income (expense):
	Interest expense		(2,293)		(2,312)		(4,721)		(4,537)
	Interest income		1,645		1,213		3,578		2,287
	Other expense		(355)		(830)		(312)		(911)
	Income before income taxes	$	13,346	$	21,195	$	30,861	$	30,852

Capital expenditures:
	Americas	$	12,545	$	5,770	$	25,394	$	9,036
	Asia		2,937		8,714		8,650		11,124
	Europe		630		2,466		1,652		3,380
	Corporate		1,374		1,851		2,667		2,839
		$	17,486	$	18,801	$	38,363	$	26,379

			June 30,	December 31,
(in thousands)			2018		2017
				(as adjusted)
Total assets:
	Americas	$	845,315	$	812,187
	Asia		537,064		674,783
	Europe		147,875		470,786
	Corporate and other		506,931		151,548
		$	2,037,185	$	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				Six Months Ended
		June 30,				June 30,
(in thousands)			2018		2017		2018		2017
				(as adjusted)				(as adjusted)
Geographic net sales:
	United States	$	449,598	$	415,383	$	841,565	$	784,100
	Singapore		67,214		64,939		127,134		119,015
	Other Asia		48,700		51,351		95,771		90,907
	Europe		73,040		71,698		153,581		146,620
	Other Foreign		22,039		16,240		50,676		36,872
		$	660,591	$	619,611	$	1,268,727	$	1,177,514

						June 30,			December 31,
							2018		2017
Long-lived assets:
	United States					$	182,125	$	167,858
	Asia						79,040		77,750
	Europe						10,580		11,042
	Other						26,154		25,830
						$	297,899	$	282,480