Segment Information

6 Months Ended

Jun. 30, 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						Six Months Ended
(Dollars in thousands)	June 30, 2017			June 30, 2016			June 30, 2017			June 30, 2016
Net sales
Advanced Connectivity Solutions	$	74,340		$	67,222		$	152,882		$	140,598
Elastomeric Material Solutions	77,585			45,767			154,434			92,084
Power Electronics Solutions	43,905			38,363			86,557			73,614
Other	5,594			6,137			11,379			11,760
Total	$	201,424		$	157,489		$	405,252		$	318,056
Operating income
Advanced Connectivity Solutions	$	13,208		$	10,829		$	32,897		$	26,729
Elastomeric Material Solutions	14,068			5,348			26,980			10,653
Power Electronics Solutions	3,660			477			8,595			1,773
Other	1,823			2,102			3,728			3,701
Total	32,759			18,756			72,200			42,856
Equity income in unconsolidated joint ventures	966			708			1,976			1,321
Other income (expense), net	(185		)	191			530			(356		)
Interest expense, net	(1,947		)	(1,115		)	(3,195		)	(2,236		)
Income before income tax expense	$	31,593		$	18,540		$	71,511		$	41,585