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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2013
Segment Information about Reported Product Revenues and Operating Income

The tables below present segment information about the reported product revenues and operating income of the Company for years ended December 31, 2013, 2012 and 2011. Asset information by segment is not reported since the Company does not manage assets at a segment level at this time.

 

 

  

CCS

 

  

Advanced
Technology

 

 

W.E.T.

 

  

Reconciling
Items

 

 

Consolidated
Total

 

2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product revenues

 

$

143,250

 

 

$

 

 

$

518,832

 

 

$

 

 

$

662,082

 

Depreciation and amortization

 

 

1,411

 

 

 

427

 

 

 

28,238

 

 

 

1,173

 

 

 

31,249

 

Operating income (loss)

 

 

40,530

 

 

 

(6,561

)

 

 

41,784

 

 

 

(26,173

)

 

 

49,580

 

2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product revenues

 

$

132,265

 

 

$

 

 

$

422,714

 

 

$

 

 

$

554,979

 

Depreciation and amortization

 

 

1,215

 

 

 

478

 

 

 

27,747

 

 

 

1,187

 

 

 

30,627

 

Operating income (loss)

 

 

11,479

 

 

 

(6,571

)

 

 

50,980

 

 

 

(19,830

)

 

 

36,058

 

2011:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product revenues

 

$

131,732

 

 

$

608

 

 

$

237,248

 

 

$

 

 

$

369,588

 

Depreciation and amortization

 

 

1,032

 

 

 

560

 

 

 

20,900

 

 

 

790

 

 

 

23,282

 

Operating income (loss)

 

 

33,025

 

 

 

(6,872

)

 

 

10,866

 

 

 

(19,211

)

 

 

17,808

 

 

Product Revenues Information by Geographic Area

Revenue (based on shipment destination) by geographic area is as follows:

 

 

 

2013

 

 

%

 

 

2012

 

 

%

 

 

2011

 

 

%

 

United States

 

$

292,079

 

 

 

44

%

 

$

233,737

 

 

 

42

%

 

$

134,010

 

 

 

36

%

Germany

 

 

84,035

 

 

 

13

%

 

 

67,132

 

 

 

12

%

 

 

40,833

 

 

 

11

%

China

 

 

70,671

 

 

 

11

%

 

 

55,674

 

 

 

10

%

 

 

31,193

 

 

 

9

%

Korea

 

 

58,329

 

 

 

9

%

 

 

42,878

 

 

 

8

%

 

 

37,913

 

 

 

10

%

Japan

 

 

39,844

 

 

 

6

%

 

 

35,279

 

 

 

6

%

 

 

25,295

 

 

 

7

%

United Kingdom

 

 

18,864

 

 

 

3

%

 

 

13,194

 

 

 

2

%

 

 

10,686

 

 

 

3

%

Czech Republic

 

 

17,247

 

 

 

3

%

 

 

15,361

 

 

 

3

%

 

 

11,722

 

 

 

3

%

Mexico

 

 

15,670

 

 

 

2

%

 

 

14,988

 

 

 

3

%

 

 

21,529

 

 

 

6

%

Canada

 

 

14,254

 

 

 

2

%

 

 

17,582

 

 

 

3

%

 

 

12,305

 

 

 

3

%

Other

 

 

51,089

 

 

 

7

%

 

 

59,154

 

 

 

11

%

 

 

44,102

 

 

 

12

%

Total Foreign

 

 

370,003

 

 

 

56

%

 

 

321,242

 

 

 

58

%

 

 

235,578

 

 

 

64

%

 

 

$

662,082

 

 

 

100

%

 

$

554,979

 

 

 

100

%

 

$

369,588

 

 

 

100

%

 

Percentage of Total Product Revenues Generated from Customers

We rely on three customers, two domestic and one foreign, to derive a significant portion of our product revenues.  The table below lists the percentage of total product revenues generated from sales to these customers:

 

 

  

2013

 

  

2012

 

  

2011

 

Johnson Controls (domestic)

 

 

27

%

 

 

22

%

 

 

20

%

Lear (domestic)

 

 

18

%

 

 

18

%

 

 

20

%

Bosch (foreign)

 

 

10

%

 

 

10

%

 

 

9

%