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Segments (Tables)

9 Months Ended

Sep. 30, 2012

Summarized Segment Financial Information

Summarized financial information concerning CTS’ reportable segments is shown in the following table:


*($ in thousands)*	Components and Sensors			EMS			Total
Third Quarter of 2012
Net sales to external customers	$	75,565		$	61,792		$	137,357

Segment operating earnings before corporate and shared services charges	$	9,492		$	4,202		$	13,694

Corporate and shared services charges		(4,185	)		(1,827	)		(6,012	)

Segment operating earnings	$	5,307		$	2,375		$	7,682

Total assets	$	369,614		$	111,762		$	481,376

Third Quarter of 2011
Net sales to external customers	$	69,089		$	76,981		$	146,070

Segment operating earnings before corporate and shared services charges	$	7,738		$	5,870		$	13,608

Corporate and shared services charges		(3,557	)		(2,297	)		(5,854	)

Segment operating earnings⁽¹⁾	$	4,181		$	3,573		$	7,754

Total assets	$	367,387		$	149,088		$	516,475

First Nine Months of 2012
Net sales to external customers	$	228,806		$	209,814		$	438,620

Segment operating earnings before corporate and shared services charges	$	25,233		$	10,744		$	35,977

Corporate and shared services charges		(11,543	)		(5,276	)		(16,819	)

Segment operating earnings⁽²⁾	$	13,690		$	5,468		$	19,158

Total assets	$	369,614		$	111,762		$	481,376

First Nine Months of 2011
Net sales to external customers	$	209,158		$	235,349		$	444,507

Segment operating earnings before corporate and shared services charges	$	26,388		$	9,960		$	36,348

Corporate and shared services charges		(11,601	)		(6,013	)		(17,614	)

Segment operating earnings⁽³⁾	$	14,787		$	3,947		$	18,734

Total assets	$	367,387		$	149,088		$	516,475

(1)

EMS segment’s operating earnings of $3,573 includes $2,687 of insurance recovery for property damage related to the fire at CTS Scotland’s manufacturing facility.

(2)

EMS segment’s operating earnings of $5,468 includes $1,769 of insurance recover for property damage related to the flood at CTS Thailand’s manufacturing facility.

(3)

EMS segment’s operating earnings of $3,947 includes $2,687 of insurance recovery for property damage related to the fire at CTS Scotland’s manufacturing facility.

Reconciling information between reportable segments' operating earnings before income taxes

Reconciling information between reportable segments’ operating earnings and CTS’ consolidated earnings before income taxes is shown in the following table for the three and nine-month periods then ended:


	Three Months Ended						Nine Months Ended
*($ in thousands)*	September 30, 2012			October 2, 2011			September 30, 2012			October 2, 2011
Total segment operating earnings	$	7,682		$	7,754		$	19,158		$	18,734
Restructuring and restructuring-related charges		(878	)		—			(4,709	)		(694	)
Interest expense		(584	)		(549	)		(1,869	)		(1,552	)
Interest income		425			359			1,341			831
Other income/(expense)		763			(65	)		297			1,808

Earnings before income taxes	$	7,408		$	7,499		$	14,218		$	19,127

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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