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Segment Information
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Information
Our reporting structure is comprised of the following operating segments: ACS, EMS and PES. Our non-core businesses are reported in the Other operating segment. We believe this structure aligns our external reporting presentation with how we currently manage and view our business internally.
On January 1, 2018, we adopted ASU 2014-09, Revenue from Contracts with Customers. See Note 19, “Revenue from Contracts with Customers” for further information about this adoption. The Company sells products to fabricators and distributors who then sell directly into various end markets. End markets within the ACS operating segment include wireless infrastructure, aerospace and defense, auto safety and connectivity, and consumer electronics. End markets within the EMS operating segment include general industrial, portable electronics, mass transit, and automotive. End markets within the PES operating segment include industrial, e-mobility, renewable energy, mass transit, and micro channel coolers. End markets in the Other operating segment include automotive and industrial. The following table presents a disaggregation of revenue from contracts with customers for the periods indicated; inter-segment sales have been eliminated from the net sales data:
(Dollars in thousands)
 
Advanced Connectivity Solutions
 
Elastomeric Material Solutions
 
Power Electronics Solutions
 
Other
 
Total
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
Net sales - recognized over time
 
$

 
$
907

 
$
53,052

 
$
4,616

 
$
58,575

Net sales - recognized at a point in time
 
76,376

 
78,309

 
595

 
820

 
156,100

Total net sales
 
$
76,376

 
$
79,216

 
$
53,647

 
$
5,436

 
$
214,675

Operating income
 
$
10,594

 
$
8,421

 
$
4,239

 
$
1,970

 
$
25,224

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2017 (1)
 
 
 
 
 
 
 
 
 
 
Net sales - recognized over time
 
$

 
$
415

 
$
43,409

 
$
4,741

 
$
48,565

Net sales - recognized at a point in time
 
74,340

 
77,170

 
496

 
853

 
152,859

Total net sales
 
$
74,340

 
$
77,585

 
$
43,905

 
$
5,594

 
$
201,424

Operating income
 
$
12,997

 
$
13,934

 
$
3,560

 
$
1,823

 
$
32,314

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
Net sales - recognized over time
 
$

 
$
1,941

 
$
110,451

 
$
9,265

 
$
121,657

Net sales - recognized at a point in time
 
149,831

 
155,358

 
909

 
1,531

 
307,629

Total net sales
 
$
149,831

 
$
157,299

 
$
111,360

 
$
10,796

 
$
429,286

Operating income
 
$
18,496

 
$
22,581

 
$
11,260

 
$
3,932

 
$
56,269

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2017 (1)
 
 
 
 
 
 
 
 
 
 
Net sales - recognized over time
 
$

 
$
1,082

 
$
85,681

 
$
9,838

 
$
96,601

Net sales - recognized at a point in time
 
152,882

 
153,352

 
876

 
1,541

 
308,651

Total net sales
 
$
152,882

 
$
154,434

 
$
86,557

 
$
11,379

 
$
405,252

Operating income
 
$
32,495

 
$
26,724

 
$
8,404

 
$
3,728

 
$
71,351


(1) For comparison purposes, this table reflects the disaggregation of 2017 revenue in accordance with Accounting Standards Codification 606, Revenue from Contracts with Customers (ASC 606).
Information relating to our segment operations by geographic area for the three months ended June 30, 2018 and 2017 was as follows:
(Dollars in thousands)
 
Net Sales (1)
Region/Country
 
Advanced Connectivity Solutions
 
Elastomeric Material Solutions
 
Power Electronics Solutions
 
Other
 
Total
June 30, 2018
 
 
 
 
 
 
 
 
 
 
United States
 
14,447

 
35,777

 
8,279

 
866

 
59,369

Other Americas
 
758

 
2,179

 
323

 
725

 
3,985

Total Americas
 
15,205

 
37,956

 
8,602

 
1,591

 
63,354

China
 
32,032

 
24,071

 
8,940

 
1,410

 
66,453

Other APAC
 
18,588

 
8,324

 
7,092

 
649

 
34,653

Total APAC
 
50,620

 
32,395

 
16,032

 
2,059

 
101,106

Germany
 
4,823

 
2,595

 
16,524

 
163

 
24,105

Other EMEA
 
5,728

 
6,270

 
12,489

 
1,623

 
26,110

Total EMEA
 
10,551

 
8,865

 
29,013

 
1,786

 
50,215

Total Net sales
 
76,376

 
79,216

 
53,647

 
5,436

 
214,675

June 30, 2017
 
 
 
 
 
 
 
 
 
 
United States
 
11,372

 
35,904

 
7,118

 
1,348

 
55,742

Other Americas
 
1,158

 
2,989

 
258

 
193

 
4,598

Total Americas
 
12,530

 
38,893

 
7,376

 
1,541

 
60,340

China
 
33,949

 
22,556

 
7,884

 
1,072

 
65,461

Other APAC
 
16,984

 
8,693

 
5,156

 
1,002

 
31,835

Total APAC
 
50,933

 
31,249

 
13,040

 
2,074

 
97,296

Germany
 
6,786

 
2,355

 
13,380

 
158

 
22,679

Other EMEA
 
4,091

 
5,088

 
10,109

 
1,821

 
21,109

Total EMEA
 
10,877

 
7,443

 
23,489

 
1,979

 
43,788

Total Net sales
 
74,340

 
77,585

 
43,905

 
5,594

 
201,424

(1) 
Net sales are allocated to countries based on the location of the customer. The table above includes countries with 10% or more of net sales for the periods indicated.

Information relating to our segment operations by geographic area for the six months ended June 30, 2018 and 2017 was as follows:
(Dollars in thousands)
 
Net Sales (1)
Region/Country
 
Advanced Connectivity Solutions
 
Elastomeric Material Solutions
 
Power Electronics Solutions
 
Other
 
Total
June 30, 2018
 
 
 
 
 
 
 
 
 
 
United States
 
26,725

 
73,469

 
16,857

 
2,123

 
119,174

Other Americas
 
1,584

 
3,980

 
681

 
555

 
6,800

Total Americas
 
28,309

 
77,449

 
17,538

 
2,678

 
125,974

China
 
65,539

 
44,865

 
18,362

 
2,727

 
131,493

Other APAC
 
33,926

 
17,484

 
13,543

 
1,442

 
66,395

Total APAC
 
99,465

 
62,349

 
31,905

 
4,169

 
197,888

Germany
 
11,073

 
5,337

 
31,234

 
332

 
47,976

Other EMEA
 
10,984

 
12,164

 
30,683

 
3,617

 
57,448

Total EMEA
 
22,057

 
17,501

 
61,917

 
3,949

 
105,424

Total Net sales
 
149,831

 
157,299

 
111,360

 
10,796

 
429,286

June 30, 2017
 
 
 
 
 
 
 
 
 
 
United States
 
24,595

 
74,000

 
15,708

 
2,563

 
116,866

Other Americas
 
1,725

 
5,461

 
561

 
377

 
8,124

Total Americas
 
26,320

 
79,461

 
16,269

 
2,940

 
124,990

China
 
71,378

 
39,468

 
14,251

 
2,414

 
127,511

Other APAC
 
32,911

 
18,635

 
10,275

 
1,917

 
63,738

Total APAC
 
104,289

 
58,103

 
24,526

 
4,331

 
191,249

Germany
 
12,862

 
4,648

 
25,315

 
341

 
43,166

Other EMEA
 
9,411

 
12,222

 
20,447

 
3,767

 
45,847

Total EMEA
 
22,273

 
16,870

 
45,762

 
4,108

 
89,013

Total Net sales
 
152,882

 
154,434

 
86,557

 
11,379

 
405,252

(1) 
Net sales are allocated to countries based on the location of the customer. The table above includes countries with 10% or more of net sales for the periods indicated.