Segment Information

9 Months Ended

Sep. 30, 2017

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						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2017			2016			2017			2016
Net sales
Advanced Connectivity Solutions	$	72,713		$	65,518		$	225,595		$	206,115
Elastomeric Material Solutions	82,239			54,391			236,673			146,476
Power Electronics Solutions	46,409			39,777			132,966			113,391
Other	5,422			5,573			16,801			17,332
Total	$	206,783		$	165,259		$	612,035		$	483,314

Operating income
Advanced Connectivity Solutions	$	14,465		$	7,605		$	47,362		$	34,334
Elastomeric Material Solutions	17,846			10,932			44,826			21,584
Power Electronics Solutions	5,429			2,767			14,024			4,540
Other	1,847			1,842			5,576			5,544
Total	39,587			23,146			111,788			66,002

Equity income in unconsolidated joint ventures	1,384			898			3,359			2,220
Other income (expense), net	1,596			676			2,126			320
Interest expense, net	(1,639		)	(811		)	(4,834		)	(3,047		)
Income before income tax expense	$	40,928		$	23,909		$	112,439		$	65,495