Segment Information

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

Our reporting structure is comprised of the following operating segments: Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and the Other segment. We believe this structure aligns our external reporting presentation with how we currently manage and view our business internally.

We completed the acquisition of Arlon on January 22, 2015. As part of the integration process, Arlon operations related to circuit materials and silicones were included in our ACS and EMS segments, respectively. Arlon operations related to the manufacture of specialty polyimide, epoxy-based laminates and bonding materials were included in our Other segment until we sold those operations in December 2015.

The following table sets forth the information about our segments for the periods indicated, inter-segment sales have been eliminated from the net sales data:

	Quarter Ended						Nine Months Ended
(Dollars in thousands)	September 30, 2016			September 30, 2015			September 30, 2016			September 30, 2015
Net sales
Advanced Connectivity Solutions	$	65,518		$	66,160		$	206,115		$	203,855
Elastomeric Material Solutions	54,391			46,783			146,476			138,355
Power Electronics Solutions	39,777			36,565			113,391			113,633
Other	5,573			10,858			17,332			32,672
Net sales	$	165,259		$	160,366		$	483,314		$	488,515
Operating income
Advanced Connectivity Solutions	$	7,605		$	12,010		$	34,334		$	36,952
Elastomeric Material Solutions	10,932			8,150			21,584			16,731
Power Electronics Solutions	2,767			1,104			4,540			4,372
Other	1,842			1,933			5,544			5,894
Operating income	23,146			23,197			66,002			63,949
Equity income in unconsolidated joint ventures	898			877			2,220			2,187
Other income (expense), net	676			(756		)	320			(1,404		)
Interest expense, net	(811		)	(1,126		)	(3,047		)	(3,435		)
Income before income tax expense	$	23,909		$	22,192		$	65,495		$	61,297