SEGMENT INFORMATION

12 Months Ended

Apr. 28, 2012

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

Segment Information and Geographic Area 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 (“CEO”).

We have multiple operating segments that are aggregated in four reportable segments. Those segments are Automotive, Interconnect, Power Products and Other.

The Automotive segment supplies electronic and electromechanical devices and related products to automobile Original Equipment Manufacturers, ("OEMs"), either directly or through their tiered suppliers. Our products include 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 aerospace, appliance, commercial, computer, construction, consumer, material handling, medical, military, mining, networking, storage, and telecommunications markets.  Solutions include conductive polymers, connectors, custom cable assemblies, industrial safety radio remote controls, optical and copper transceivers, personal computer and express card packaging and terminators, solid-state field effect interface panels, and thick film inks.  Services include the design and installation of fiber optic and copper infrastructure systems, and manufacturing active and passive optical components.

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

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 Note 1 above.  We allocate resources to and evaluate performance of segments based on operating income. Transfers between segments are recorded using internal transfer prices set by us.

The tables below presents information about our reportable segments:

	Fiscal Year Ended April 28, 2012
	Automotive			Inter- Connect			Power Products			Other			Eliminations/Corporate			Consolidated
Net sales	$	274,681		$	130,572		$	52,447		$	14,036		$	(6,641	)	$	465,095
Transfers between segments	(3,074		)	(2,864		)	(434		)	(105		)	6,477			—
Net sales to unaffiliated customers	$	271,607		$	127,708		$	52,013		$	13,931		$	(164	)	$	465,095
Income/(loss) from operations	$	10,045		$	18,127		$	1,698		$	(217	)	$	(18,296	)	$	11,357
Interest (income)/expense, net	(504		)	(108		)	7			—			317			(288		)
Other (income)/expense, net	(474		)	1,636			94			52			(1,036		)	272
Income/(loss) before income taxes	$	11,023		$	16,599		$	1,597		$	(269	)	$	(17,577	)	$	11,373
Depreciation and amortization	$	9,012		$	3,011		$	2,281		$	784		$	1,071		$	16,159
Identifiable assets	$	225,814		$	135,549		$	36,490		$	5,827		$	(32	)	$	403,648

	Fiscal Year Ended April 30, 2011
	Automotive			Inter- Connect			Power Products			Other			Eliminations/Corporate			Consolidated
Net sales	$	228,362		$	139,877		$	50,768		$	13,052		$	(3,844	)	$	428,215
Transfers between segments	(2,315		)	(1,096		)	(353		)	(71		)	3,835			—
Net sales to unaffiliated customers	$	226,047		$	138,781		$	50,415		$	12,981		$	(9	)	$	428,215
Income/(loss) from operations	$	13,325		$	19,989		$	3,630		$	(2,032	)	$	(18,968	)	$	15,944
Interest (income)/expense, net	(311		)	(121		)	1			—			629			198
Other (income)/expense, net	2,067			(593		)	174			4			(368		)	1,284
Income/(loss) before income taxes	$	11,569		$	20,703		$	3,455		$	(2,036	)	$	(19,229	)	$	14,462
Depreciation and amortization	$	7,704		$	3,579		$	2,283		$	698		$	1,492		$	15,756
Identifiable assets	$	167,991		$	122,687		$	42,330		$	8,726		$	(6,990	)	$	334,744

	Fiscal Year Ended May 1, 2010
	Automotive			Inter- Connect			Power Products			Other			Eliminations/Corporate			Consolidated
Net sales	$	203,229		$	124,619		$	40,871		$	9,388		$	(461	)	$	377,646
Transfers between segments	—			(355		)	(342		)	(55		)	752			—
Net sales to unaffiliated customers	$	203,229		$	124,264		$	40,529		$	9,333		$	291		$	377,646
Segment income (loss) from operations before restructuring charge	$	16,971		$	12,589		$	3,919		$	(2,298	)	$	(15,970	)	$	15,211
Restructuring	(5,649		)	(1,552		)	(569		)	—			—			(7,770		)
Segment income (loss) from operations	$	11,322		$	11,037		$	3,350		$	(2,298	)	$	(15,970	)	$	7,441
Interest, (income)/expense, net	(87		)	(185		)	—			—			411			139
Other (income)/expense	232			925			(7		)	1			(1,666		)	(515		)
Income/(loss) before income taxes	11,177			10,297			3,357			(2,299		)	(14,715		)	$	7,817
Depreciation and amortization	$	10,691		$	4,756		$	1,672		$	760		$	1,530		$	19,409
Identifiable assets	$	127,613		$	125,133		$	31,081		$	7,659		$	19,337		$	310,823

The following table sets forth certain geographic financial information for fiscal years ended April 28, 2012, April 30, 2011 and May 1, 2010.  Geographic net sales and income are determined based our sales and income from our various operational locations.

	Fiscal Year Ended
	April 28, 2012			April 30, 2011			May 1, 2010
Net Sales:
North America	$	204,697		$	172,082		$	168,121
Asia Pacific	111,550			109,049			70,159
Europe	148,848			147,084			139,366
	$	465,095		$	428,215		$	377,646
Income (loss) before income taxes:
North America	$	(31,992	)	$	(33,953	)	$	(18,183	)
Asia Pacific	31,052			34,306			14,657
Europe	12,025			14,307			11,482
Income and expenses not allocated	288			(198		)	(139		)
	$	11,373		$	14,462		$	7,817
Property, Plant and Equipment:
North America	$	39,742		$	26,505		$	23,085
Asia Pacific	8,819			7,867			8,968
Europe	28,591			27,139			29,823
	$	77,152		$	61,511		$	61,876