Segment And Geographic Information

3 Months Ended

Mar. 31, 2019

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, which includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. The operating margin of each segment reflects the cost structure of the segments and are not comparable. 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)			2019		2018
Net sales:
	Americas	$	392,058	$	378,785
	Asia		187,409		195,122
	Europe		43,960		50,796
	Elimination of intersegment sales		(20,607)		(16,567)
		$	602,820	$	608,136
Depreciation and amortization:
	Americas	$	5,381	$	5,609
	Asia		2,811		2,822
	Europe		814		884
	Corporate		3,166		3,069
		$	12,172	$	12,384
Income from operations:
	Americas	$	20,228	$	16,737
	Asia		15,385		17,649
	Europe		940		2,995
	Corporate and intersegment eliminations		(20,466)		(19,414)
		$	16,087	$	17,967
Other income (expense):
	Interest expense		(1,609)		(2,428)
	Interest income		1,297		1,933
	Other income		1,604		43
	Income before income taxes	$	17,379	$	17,515
Capital expenditures:
	Americas	$	4,753	$	12,849
	Asia		2,838		5,713
	Europe		388		1,022
	Corporate		2,095		1,293
		$	10,074	$	20,877

			March 31,		December 31,
(in thousands)			2019		2018
Total assets:
	Americas	$	853,218	$	852,776
	Asia		550,169		540,094
	Europe		127,687		113,165
	Corporate and other		337,856		393,748
		$	1,868,930	$	1,899,783

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)			2019		2018
Geographic net sales:
	United States	$	418,364	$	391,967
	Asia		86,624		106,991
	Europe		73,345		80,541
	Other foreign		24,487		28,637
		$	602,820	$	608,136
			March 31,		December 31,
			2019		2018
Long-lived assets:
	United States	$	250,535	$	190,056
	Asia		77,690		79,051
	Europe		18,629		9,537
	Other foreign		29,712		22,945
		$	376,566	$	301,589