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Geographic Information
12 Months Ended
Dec. 31, 2012
Geographic Information [Abstract]  
Geographic Information

3. GEOGRAPHIC INFORMATION

The geographical distribution of long-lived assets and net sales to geographical areas as of and for the years ended December 31 is set forth below:

Long-lived Assets

 

 

 

 

 

 

 

 

 

 

 

December 31,
2012

 

December 31,
2011

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

5,263

 

$

5,382

 

 

Other – primarily Asia

 

 

1,862

 

2,014

 

Consolidated

 

$

7,125

 

$

7,396

 

 

Long-lived assets consist of property and equipment and certain other assets as they are difficult to move and relatively illiquid. Excluded from long-lived assets are investments in partnerships, patents, license agreements and goodwill. The Company capitalizes long-lived assets pertaining to the production of specialized parts. These assets are periodically reviewed to assure the net realizable value from the estimated future production based on forecasted cash flows exceeds the carrying value of the assets.

Net Sales to Geographical Areas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

2012

 

2011

 

2010

 

United States

 

$

44,840

 

$

39,912

 

$

40,108

 

Germany

 

 

1,986

 

 

1,979

 

 

2,517

 

China

 

 

2,790

 

 

1,745

 

 

3,531

 

Switzerland

 

 

1,134

 

 

1,122

 

 

764

 

Singapore

 

 

3,326

 

 

715

 

 

1,367

 

France

 

 

1,480

 

 

1,424

 

 

1,625

 

Japan

 

 

1,205

 

 

1,473

 

 

1,810

 

United Kingdom

 

 

2,210

 

 

1,480

 

 

799

 

Turkey

 

 

495

 

 

766

 

 

401

 

Hong Kong

 

 

573

 

 

1,026

 

 

757

 

Vietnam

 

 

1,219

 

 

1,110

 

 

1,330

 

All other countries

 

 

2,675

 

 

3,306

 

 

3,688

 

Consolidated

 

$

63,933

 

$

56,058

 

$

58,697

 

Geographic net sales are allocated based on the location of the customer. All other countries include net sales primarily to various countries in Europe and in the Asian Pacific.

One customer accounted for 21 percent, 22 percent and 22 percent of the Company's consolidated net sales in 2012, 2011 and 2010, respectively. During 2012, 2011 and 2010, the top five customers accounted for approximately $29,000, $25,000 and $25,000 or 46 percent, 44 percent and 42 percent of the Company's consolidated net sales, respectively.

At December 31, 2012, two customers accounted for accounted for a combined 24 percent of the Company's consolidated accounts receivable. One customer accounted for 12 percent of the Company's consolidated accounts receivable at December 31, 2011.