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SEGMENTS
 9 Months Ended
Sep. 30, 2015
SEGMENTS [Abstract]  
SEGMENTS
13.             SEGMENTS

The Company operates in one industry with three reportable operating segments, which are geographic in nature.  The segments consist of North America, Asia and Europe.  The primary criteria by which financial performance is evaluated and resources are allocated are net sales and income from operations.  The following is a summary of key financial data:

 
 
Three Months Ended
  
Nine Months Ended
 
 
 
September 30,
  
September 30,
 
 
 
2015
  
2014
  
2015
  
2014
 
Net Sales to External Customers:
 
  
  
  
 
    North America
 
$
77,912
  
$
79,384
  
$
231,176
  
$
143,180
 
    Asia
  
48,320
   
54,656
   
142,451
   
148,927
 
    Europe
  
17,929
   
22,301
   
58,207
   
46,319
 
 
 
$
144,161
  
$
156,341
  
$
431,834
  
$
338,426
 
 
                
Net Sales:
                
North America
 
$
81,483
  
$
91,556
  
$
252,991
  
$
162,415
 
Asia
  
74,235
   
87,714
   
227,574
   
199,574
 
Europe
  
38,479
   
44,778
   
121,983
   
72,220
 
Less intercompany net sales
  
(50,036
)
  
(67,707
)
  
(170,714
)
  
(95,783
)
 
 
$
144,161
  
$
156,341
  
$
431,834
  
$
338,426
 
 
                
Income from Operations:
                
North America
 
$
5,777
  
$
(1,998
)
 
$
8,031
  
$
(2,733
)
Asia
  
1,441
   
3,175
   
7,154
   
9,563
 
Europe
  
89
   
3,184
   
8,620
   
4,126
 
 
 
$
7,307
  
$
4,361
  
$
23,805
  
$
10,956
 

Net Sales – Segment net sales are attributed to individual segments based on the geographic source of the billing for such customer sales.  Intercompany sales include finished products manufactured in foreign countries which are then transferred to the United States and Europe for sale; finished goods manufactured in the United States which are transferred to Europe and Asia for sale; and semi-finished components manufactured in the United States which are sold to Asia for further processing. Income from operations represents net sales less operating costs and expenses and does not include any amounts related to intercompany transactions.

The following items are included in the segment data presented above:

Recent Acquisitions – The 2014 Acquisitions contributed to Bel's segment sales and income from operations during the three and nine months ended September 30, 2015 and 2014 as follows:
 
 
 
Three Months Ended
  
Nine Months Ended
 
 
 
September 30,
  
September 30,
 
 
 
2015
  
2014
  
2015
  
2014
 
Net Sales to External Customers:
 
  
  
  
 
North America:
 
  
  
  
 
    Power Solutions
 
$
32,607
  
$
36,517
  
$
99,005
  
$
41,554
 
    Connectivity Solutions
  
15,453
   
11,941
   
43,928
   
11,941
 
 
  
48,060
   
48,458
   
142,933
   
53,495
 
Asia:
                
    Power Solutions
  
289
   
1,600
   
931
   
1,957
 
    Connectivity Solutions
  
1,380
   
748
   
3,618
   
748
 
 
  
1,669
   
2,348
   
4,549
   
2,705
 
Europe:
                
    Power Solutions
  
6,343
   
10,963
   
22,324
   
12,802
 
    Connectivity Solutions
  
1,678
   
1,295
   
5,169
   
1,295
 
 
  
8,021
   
12,258
   
27,493
   
14,097
 
 
                
 
 
$
57,750
  
$
63,064
  
$
174,975
  
$
70,297
 


 
 
Three Months Ended
  
Nine Months Ended
 
 
 
September 30,
  
September 30,
 
 
 
2015
  
2014
  
2015
  
2014
 
Income (Loss) from Operations:
 
  
  
  
 
North America:
 
  
  
  
 
    Power Solutions
 
$
3,366
  
$
1,038
  
$
1,511
  
$
(87
)
    Connectivity Solutions
  
1,368
   
(1,299
)
  
2,890
   
(1,299
)
 
  
4,734
   
(261
)
  
4,401
   
(1,386
)
Asia:
                
    Power Solutions
  
(930
)
  
(3,332
)
  
(2,439
)
  
(3,494
)
    Connectivity Solutions
  
(38
)
  
112
   
(531
)
  
112
 
 
  
(968
)
  
(3,220
)
  
(2,970
)
  
(3,382
)
Europe:
                
    Power Solutions
  
(358
)
  
2,581
   
5,959
   
2,878
 
    Connectivity Solutions
  
228
   
73
   
626
   
73
 
 
  
(130
)
  
2,654
   
6,585
   
2,951
 
 
                
 
 
$
3,636
  
$
(827
)
 
$
8,016
  
$
(1,817
)