XML 33 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unconsolidated Affiliated Companies
9 Months Ended
Sep. 28, 2012
Equity Method Investments and Joint Ventures [Abstract]  
Unconsolidated Affiliated Companies
Unconsolidated Affiliated Companies
Unconsolidated affiliated companies are those in which the Company generally owns less than 50 percent of the outstanding voting shares. The Company does not control these companies and accounts for its investments in them on the equity basis. The unconsolidated affiliated companies primarily manufacture or market wire and cable products in the ROW segment. The Company’s share of the income of these companies is reported in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) under “Equity in earnings of affiliated companies.” For the three and nine fiscal months ended September 28, 2012, equity in earnings of affiliated companies was $0.5 million and $1.0 million, respectively. For the three and nine fiscal months ended September 30, 2011, equity in earnings of affiliated companies was $0.8 million and $2.2 million, respectively. The net investment in unconsolidated affiliated companies was $19.4 million and $18.3 million as of September 28, 2012 and December 31, 2011, respectively. As of September 28, 2012, the Company’s ownership percentage was as follows: PDTL Trading Company Ltd. 49%, Colada Continua Chilean, S.A. 41%, Minuet Realty Corp. 40%, Nostag GmbH & Co. KG 33%, Pakistan Cables Limited 24.6%, Keystone Electric Wire & Cable Co., Ltd. 20% and Thai Copper Rod Company Ltd. 18%.