SEGMENT INFORMATION

9 Months Ended

Jan. 28, 2012

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

SEGMENT INFORMATION

We are a global manufacturer of component and subsystem devices.  We design, manufacture and market devices employing electrical, electronic, wireless, sensing and optical technologies.  Our components are found in the primary end markets of the automotive, appliance, communications (including information processing and storage, networking equipment, wireless and terrestrial voice/data systems), aerospace, rail and other transportation industries; and the consumer and industrial equipment markets.

ASC No. 280, “Segment Reporting” (“ASC No. 280”), establishes annual and interim reporting standards for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, and about which separate financial information is regularly evaluated by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources.  The CODM, as defined by ASC No. 280, is the Company’s President and Chief Executive Officer.

The Automotive segment supplies electronic and electromechanical devices and related products to automobile OEMs, either directly or through their tiered suppliers, including control switches for electrical power and signals, connectors for electrical devices, integrated control components, switches and sensors that monitor the operation or status of a component or system, and packaging of electrical components.

The Interconnect segment provides a variety of copper and fiber-optic interconnect and interface solutions for the appliance, computer, networking, telecommunications, storage, medical, military, aerospace, commercial and consumer markets.  Solutions include solid-state field effect interface panels, PC and express card packaging, optical and copper transceivers, terminators, custom cable assemblies and conductive polymer and thick film inks.  Services include the design and installation of fiber optic and copper infrastructure systems, and the manufacture of active and passive optical components.

The Power Products segment manufactures current-carrying laminated bus devices, custom power-product assemblies, powder coated bus bars, braided flexible cables and high-current low voltage flexible power cabling systems that are used in various markets and applications, including telecommunications, computers, transportation, industrial and power conversion, insulated gate bipolar transistor solutions, aerospace and military.

The Other segment includes a designer and manufacturer of magnetic torque sensing products, and independent laboratories that provide services for qualification testing and certification, and analysis of electronic and optical components.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies in our Form 10-K for the fiscal year ended April 30, 2011.  We allocate resources to segments based on operating income. Transfers between segments are recorded using internal transfer prices set by us.  The following tables present information regarding our segments:

	Three Months Ended January 28, 2012
	Automotive			Interconnect			Power Products			Other			Eliminations/Corporate			Consolidated
Net sales	$	66,420		$	29,753		$	13,128		$	3,866		$	(1,167	)	$	112,000
Transfers between segments	(543		)	(480		)	(86		)	(10		)	1,119			—
Net sales to unaffiliated customers	$	65,877		$	29,273		$	13,042		$	3,856		$	(48	)	$	112,000
Income (loss) from operations	$	1,243		$	4,131		$	713		$	541		$	(4,212	)	$	2,416
Interest (income)/expense, net	(210		)	(70		)	1			—			115			(164		)
Other (income)/expense, net	(414		)	957			(19		)	48			43			615
Income/(loss) before income taxes	$	1,867		$	3,244		$	731		$	493		$	(4,370	)	$	1,965

	Three Months Ended January 29, 2011
	Automotive			Interconnect			Power Products			Other			Eliminations/Corporate			Consolidated
Net sales	$	54,679		$	32,926		$	13,069		$	3,355		$	(1,927	)	$	102,102
Transfers between segments	(1,471		)	(316		)	(97		)	(49		)	1,933			—
Net sales to unaffiliated customers	$	53,208		$	32,610		$	12,972		$	3,306		$	6		$	102,102
Income/(loss) from operations	$	4,733		$	4,084		$	997		$	(634	)	$	(5,242	)	$	3,938
Interest (income)/expense, net	(48		)	3			—			—			161			116
Other (income)/expense, net	(491		)	(71		)	74			1			(3		)	(490		)
Income/(loss) before income taxes	$	5,272		$	4,152		$	923		$	(635	)	$	(5,400	)	$	4,312

	Nine Months Ended January 28, 2012
	Automotive			Interconnect			Power Products			Other			Eliminations/Corporate			Consolidated
Net sales	$	198,750		$	95,543		$	39,708		$	10,037		$	(5,344	)	$	338,694
Transfers between segments	(2,652		)	(2,360		)	(142		)	(60		)	5,214			—
Net sales to unaffiliated customers	$	196,098		$	93,183		$	39,566		$	9,977		$	(130	)	$	338,694
Income (loss) from operations	$	6,728		$	12,127		$	1,764		$	(685	)	$	(13,459	)	$	6,475
Interest (income)/expense, net	(369		)	(49		)	—			—			258			(160		)
Other (income)/expense, net	(397		)	1,686			113			51			(686		)	767
Income/(loss) before income taxes	$	7,494		$	10,490		$	1,651		$	(736	)	$	(13,031	)	$	5,868

	Nine Months Ended January 29, 2011
	Automotive			Interconnect			Power Products			Other			Eliminations/Corporate			Consolidated
Net sales	$	160,477		$	104,537		$	36,797		$	9,543		$	(2,547	)	$	308,807
Transfers between segments	(1,471		)	(752		)	(244		)	(100		)	2,567			—
Net sales to unaffiliated customers	$	159,006		$	103,785		$	36,553		$	9,443		$	20		$	308,807
Income/(loss) from operations	$	9,304		$	13,959		$	2,757		$	(1,633	)	$	(14,230	)	$	10,157
Interest (income)/expense, net	(196		)	(144		)	—			—			543			203
Other (income)/expense, net	1,258			425			208			4			(1,202		)	693
Income/(loss) before income taxes	$	8,242		$	13,678		$	2,549		$	(1,637	)	$	(13,571	)	$	9,261