Segment Information

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Information

Segment Information

Our reporting structure is comprised of the following operating segments: ACS, EMS, PES, and Other. We believe this structure aligns our external reporting presentation with how we currently manage and view our business internally.

In November 2016, we acquired DeWAL, a leading manufacturer of polytetrafluoroethylene, ultra-high molecular weight polyethylene films, pressure sensitive tapes and specialty products for the industrial, aerospace, automotive, and electronics markets. In January 2017, we acquired the principal operating assets of DSP, a custom manufacturer of silicone sheet, extrusions, stripping and compounds. We are in the process of integrating both DeWAL and DSP into our EMS segment.

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
(Dollars in thousands)	March 31, 2017			March 31, 2016
Net sales
Advanced Connectivity Solutions	$	78,543		$	73,376
Elastomeric Material Solutions	76,849			46,317
Power Electronics Solutions	42,651			35,251
Other	5,785			5,622
Net sales	$	203,828		$	160,566
Operating income
Advanced Connectivity Solutions	$	19,689		$	15,900
Elastomeric Material Solutions	12,912			5,305
Power Electronics Solutions	4,935			1,296
Other	1,905			1,598
Operating income	39,441			24,099
Equity income in unconsolidated joint ventures	1,009			613
Other income (expense), net	715			(546		)
Interest expense, net	(1,248		)	(1,121		)
Income before income tax expense	$	39,917		$	23,045