Segments (Tables)

6 Months Ended

Jun. 30, 2013

Segments [Abstract]

Summarized financial information concerning reportable segments

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

($ in thousands)	Components and Sensors			EMS			Total
Second Quarter of 2013
Net sales to external customers	$	105,381		$	46,180		$	151,561
Segment operating earnings / (loss) before corporate and shared services charges	$	17,098		$	(102	)	$	16,996
Corporate and shared services charges		(5,731	)		(1,444	)		(7,175	)
Segment operating earnings/(loss)	$	11,367		$	(1,546	)	$	9,821
Total assets	$	414,592		$	114,081		$	528,673
Second Quarter of 2012
Net sales to external customers	$	76,823		$	77,471		$	154,294
Segment operating earnings before corporate and shared services charges	$	8,398		$	6,086		$	14,484
Corporate and shared services charges		(3,034	)		(1,906	)		(4,940	)
Segment operating earnings	$	5,364		$	4,180		$	9,544
Total assets	$	361,483		$	128,606		$	490,089
First Six Months of 2013
Net sales to external customers	$	203,443		$	97,630		$	301,073
Segment operating earnings before corporate and shared services charges	$	27,480		$	961		$	28,441
Corporate and shared services charges		(11,710	)		(3,126	)		(14,836	)
Segment operating earnings/(loss)	$	15,770		$	(2,165	)	$	13,605
Total assets	$	414,592		$	114,081		$	528,673
First Six Months of 2012
Net sales to external customers	$	153,241		$	148,022		$	301,263
Segment operating earnings before corporate and shared services charges	$	15,742		$	6,541		$	22,283
Corporate and shared services charges		(7,358	)		(3,449	)		(10,807	)
Segment operating earnings (1)	$	8,384		$	3,092		$	11,476
Total assets	$	361,483		$	128,606		$	490,089

⁽¹⁾  EMS segment’s operating earnings of $3,092 includes $1,769 of insurance recovery for property damage related to the flood at CTS Thailand’s manufacturing facility.

Reconciling information between reportable segments' operating earnings and consolidated 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 six-month periods then ended:

	Three Months Ended						Six Months Ended
($ in thousands)	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
Total segment operating earnings	$	9,821		$	9,544		$	13,605		$	11,476
Restructuring and restructuring-related charges – Components and Sensors		(7,667	)		(1,239	)		(7,894	)		(1,239	)
Restructuring and restructuring-related charges – EMS		(428	)		(2,592	)		(1,023	)		(2,592	)
Interest expense		(1,079	)		(626	)		(1,994	)		(1,285	)
Interest income		446			467			859			916
Other expense		(310	)		(1,041	)		(12	)		(466	)
Earnings before income taxes	$	783		$	4,513		$	3,541		$	6,810