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Segments (Tables)

12 Months Ended

Dec. 31, 2012

Summarized Segment Financial Information

Summarized financial information concerning CTS’ reportable segments for the years ended December 31, 2012, 2011, and 2010 is shown in the following table:


($ in thousands)	Components and Sensors			EMS			Total
2012
Net sales to external customers	$	304,481		$	272,437		$	576,918
Segment operating earnings before corporate and shared services charges	$	42,611		$	16,342		$	58,953
Corporate and shared services charges		(16,483	)		(7,246	)		(23,729	)
Segment operating earnings⁽¹⁾	$	26,128		$	9,096		$	35,224
Total assets	$	443,271		$	117,905		$	561,176
Depreciation and amortization		13,542			6,073			19,615
Capital expenditures		10,884			2,580			13,464
Capital expenditure to replace property damaged in casualties		—			2,859			2,859

2011
Net sales to external customers	$	279,857		$	308,649		$	588,506
Segment operating earnings before corporate and shared services charges	$	36,595		$	13,682		$	50,277
Corporate and shared services charges		(15,239	)		(6,660	)		(21,899	)
Segment operating earnings⁽²⁾	$	21,356		$	7,022		$	28,378
Total assets	$	329,624		$	151,191		$	480,815
Depreciation and amortization		12,077			5,471			17,548
Capital expenditures		9,919			5,655			15,574
Capital expenditure to replace property damaged in casualties		—			4,733			4,733

2010
Net sales to external customers	$	282,860		$	269,781		$	552,641
Segment operating earnings before corporate and shared services charges	$	48,014		$	5,929		$	53,943
Corporate and shared services charges		(16,661	)		(7,742	)		(24,403	)
Segment operating earnings/(loss)/	$	31,353		$	(1,813	)	$	29,540
Total assets	$	335,719		$	146,865		$	482,584
Depreciation and amortization		11,633			5,932			17,565
Capital expenditures		11,091			2,180			13,271

(1)

Components and Sensors segment’s operating earnings of $26,128 includes $10,334 of gain on sale-leaseback recorded at a foreign location. EMS segment’s operating earnings of $9,096 includes $1,769 of insurance recovery for property damage related to the flood at CTS Thailand’s manufacturing facility.

(2)

EMS segment’s operating earnings of $7,022 include $6,067 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:


	Year ended December 31,
($ in thousands)	2012			2011			2010
Total segment operating earnings	$	35,224		$	28,378		$	29,540
Restructuring and restructuring-related charges — Components and Sensors		(4,501	)		(2,649	)		(1,010	)
Restructuring and restructuring-related charges — EMS		(4,035	)		(489	)		(687	)
Interest expense		(2,564	)		(2,119	)		(1,074	)
Interest income		1,725			1,257			385
Other income		1,093			1,959			872

Earnings before income taxes	$	26,942		$	26,337		$	28,026

Financial information relating to operations by geographic area

Financial information relating to CTS’ operations by geographic area was as follows:


	Year ended December 31,
($ in thousands)	2012		2011		2010
Net Sales
United States	$	361,307	$	367,971	$	310,569
Singapore		14,458		15,195		19,365
United Kingdom		43,268		43,688		38,707
China		74,148		79,663		86,487
Canada		39,186		34,094		45,097
Czech Republic		20,213		26,014		28,743
Other non-U.S.		24,338		21,881		23,673

Consolidated net sales	$	576,918	$	588,506	$	552,641

Financial information relating to long lived assets by geographic area

Sales are attributed to countries based upon the origin of the sale.


	Year ended December 31,
($ in thousands)	2012		2011		2010
Long-Lived Assets
United States	$	45,957	$	30,363	$	28,838
China		34,615		34,904		34,832
United Kingdom		2,669		7,153		5,028
Singapore		1,111		3,877		3,630
Canada		563		605		948
Taiwan		1,764		2,105		2,339
Thailand		5,839		3,625		2,219
Switzerland		714		1,721		—
Other non-U.S		493		507		379

Consolidated long-lived assets	$	93,725	$	84,860	$	78,213

- 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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