Segment Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Information

Note L – Segment Information

The Company designs, manufactures and sells hardware employed in the construction and maintenance of telecommunication, energy and other utility networks, data communication products and mounting hardware for solar power applications. Principal products include cable anchoring, control hardware and splice enclosures which are sold primarily to customers in North and South America, Europe, South Africa and Asia Pacific.

The Company reports its segments in four geographic regions: PLP-USA, The Americas, EMEA (Europe, Middle East & Africa) and Asia-Pacific in accordance with accounting standards codified in FASB ASC 280, Segment Reporting. Each segment distributes a full range of the Company’s primary products. The PLP-USA segment is comprised of U.S. operations manufacturing the Company’s traditional products primarily supporting domestic energy and telecommunications products. The other three segments, The Americas, EMEA and Asia-Pacific support the Company’s energy, telecommunications, data communication and solar products in each respective geographical region.

The segment managers responsible for each region report directly to the Company’s Chief Executive Officer, who is the chief operating decision maker and are accountable for the financial results and performance of their entire segment for which they are responsible. The business components within each segment are managed to maximize the results of the entire company rather than the results of any individual business component of the segment.

The amount of each segment’s performance reported to the chief operating decision maker is for purposes of making decisions about allocating resources to the segment and assessing its performance. The Company evaluates segment performance and allocates resources based on several factors primarily based on sales and income from continuing operations, net of tax.

The accounting policies of the operating segments are the same as those described in Note A in the Notes To Consolidated Financial Statements. No single customer accounts for more than ten percent of the Company’s consolidated revenues. It is not practical to present revenues by product line. U.S. net sales for the year ended December 31, 2014, 2013, and 2012 were $152.6 million, $163 million and $179.4 million, respectively. U.S. long-lived assets as of December 31, 2014 and 2013 were $41.1 million and $38.4 million, respectively.

The following table presents a summary of the Company’s reportable segments for the year ended December 31, 2014, 2013 and 2012. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory.

	Year Ended December 31
	2014			2013			2012
Net sales
PLP-USA	$	137,564		$	144,054		$	162,027
The Americas		90,871			91,497			92,584
EMEA		65,446			61,543			66,272
Asia-Pacific		94,304			112,682			118,309
Total net sales	$	388,185		$	409,776		$	439,192
Intersegment sales
PLP-USA	$	12,721		$	12,939		$	8,537
The Americas		5,908			6,204			7,501
EMEA		1,848			2,080			4,582
Asia-Pacific		11,921			10,491			14,766
Total intersegment sales	$	32,398		$	31,714		$	35,386
Interest income
PLP-USA	$	0		$	0		$	3
The Americas		129			290			283
EMEA		223			215			209
Asia-Pacific		131			113			153
Total interest income	$	483		$	618		$	648
Interest expense
PLP-USA	$	(427	)	$	(305	)	$	(437	)
The Americas		(130	)		(41	)		(58	)
EMEA		(54	)		(68	)		(50	)
Asia-Pacific		(47	)		(36	)		(52	)
Total interest expense	$	(658	)	$	(450	)	$	(597	)
Income taxes
PLP-USA	$	5,053		$	6,286		$	9,581
The Americas		453			2,585			2,722
EMEA		2,122			2,052			2,769
Asia-Pacific		921			284			469
Total income taxes	$	8,549		$	11,207		$	15,541
Net income (loss)
PLP-USA	$	7,933		$	10,875		$	13,290
The Americas		1,947			5,896			6,763
EMEA		6,192			6,047			6,840
Asia-Pacific		(3,211	)		(2,231	)		2,393
Total net income	$	12,861		$	20,587		$	29,286

	Year Ended December 31
	2014		2013		2012
Expenditure for long-lived assets
PLP-USA	$	7,536	$	12,262	$	6,702
The Americas		4,925		3,107		2,781
EMEA		1,375		2,573		2,816
Asia-Pacific		3,827		3,092		8,744
Total expenditures for long-lived assets	$	17,663	$	21,034	$	21,043
Depreciation and amortization
PLP-USA	$	4,140	$	3,793	$	3,520
The Americas		2,845		2,444		2,565
EMEA		1,790		1,792		1,714
Asia-Pacific		4,082		4,059		3,765
Total depreciation and amortization	$	12,857	$	12,088	$	11,564

	As of December 31
	2014		2013
Identifiable assets
PLP-USA	$	99,850	$	90,414
The Americas		85,017		73,200
EMEA		51,691		51,345
Asia-Pacific		117,093		117,129
		353,651		332,088
Corporate assets		316		318
Total identifiable assets	$	353,967	$	332,406
Long-lived assets
PLP-USA	$	39,848	$	36,888
The Americas		20,734		19,168
EMEA		12,504		14,467
Asia-Pacific		29,445		29,938
Total long-lived assets	$	102,531	$	100,461