Segment Reporting

12 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Segment Reporting

18. SEGMENT REPORTING

The individual subsidiaries comprising the Company operate predominantly in a single industry as manufacturers and distributors of hydraulic components. The Company is multinational with operations in the United States, and subsidiaries in the United Kingdom, Germany, Korea, and France. Amounts for France, due to their immateriality, are included with the U.S. France operated as a subsidiary of the Company until its dissolution in November 2011, at which time it became a liaison office. In computing operating profit for the foreign subsidiaries, no allocations of general corporate expenses have been made. Management bases its financial decisions by the geographical location of its operations.

Total assets of the foreign subsidiaries are those assets related to the operation of those companies. United States assets consist of all other operating assets of the Company. Segment information is as follows:

	United							United
	States			Korea		Germany		Kingdom		Elimination			Consolidated
2011
Sales to unaffiliated customers	$	131,714		$	20,566	$	27,997	$	23,894	$	—		$	204,171
Intercompany sales		33,711			—		201		1,536		(35,448	)		—
Operating income		41,847			2,492		6,715		4,167		48			55,269
Total assets		116,496			11,996		19,016		20,747		(727	)		167,528
Depreciation and amortization		5,308			114		357		942					6,721
Capital expenditures		9,324			274		63		482					10,143
2010
Sales to unaffiliated customers	$	94,067		$	16,284	$	19,770	$	20,574	$	—		$	150,695
Intercompany sales		26,022			—		160		1,225		(27,407	)		—
Operating income		22,040			2,246		4,024		2,822		(93	)		31,039
Total assets		89,977			10,535		14,705		17,605		(788	)		132,034
Depreciation and amortization		5,388			89		429		967					6,873
Capital expenditures		3,400			217		27		212					3,856
2009
Sales to unaffiliated customers	$	59,278		$	9,978	$	14,654	$	13,483	$	—		$	97,393
Intercompany sales		15,545			—		139		1,101		(16,785	)		—
Operating income (loss)		(2,110	)		616		2,475		884		278			2,143
Total assets		85,338			8,191		12,447		15,923		(1,966	)		119,933
Depreciation and amortization		5,335			104		502		1,027					6,968
Capital expenditures		4,758			41		30		267					5,096

Sales to unaffiliated customers represent sales from each of the individual subsidiaries. For information on sales to geographic locations, see the Comparisons of the Years Ended December 31, 2011, and January 1, 2011, in Management's Discussion and Analysis of Financial Condition and Results of Operations. Operating income is total sales and other operating income less operating expenses. Segment operating income does not include interest income/expense, foreign currency transaction gain/loss, and net miscellaneous income/expense.

Included in U.S. sales to unaffiliated customers were export sales of $49,753, $34,955, and $19,031, during 2011, 2010, and 2009, respectively. Export sales to Canada and Asia/Pacific totaling, $34,506, $24,705, and $12,918, during 2011, 2010, and 2009, respectively, make up the majority of these export sales. Additionally, export sales to Europe were $12,474, $8,066 and $4,916 during 2011, 2010, and 2009, respectively.