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Operating Segments and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Operating Segment Information

The results of our equity method investment in Xuzhou Hirschmann Electronics Co. Ltd. (the Hirschmann JV) are analyzed separately from the results of our operating segments, and they are not included in the corporate expense allocation.

Operating Segment Information

 

Broadcast Solutions    Years Ended December 31,  
     2014      2013      2012  
            (In thousands)         

External customer revenues

   $ 916,632       $ 663,900       $ 356,320   

Affiliate revenues

     1,381         933         691   
  

 

 

    

 

 

    

 

 

 

Total revenues

  918,013      664,833      357,011   

Depreciation and amortization

  (67,372   (64,420   (23,184

Operating income (loss)

  4,093      15,099      (11,657

Total assets

  430,991      294,454      272,520   

Acquisition of property, plant and equipment

  17,912      10,526      8,844   

 

Enterprise Connectivity Solutions    Years Ended December 31,  
     2014      2013      2012  
            (In thousands)         

External customer revenues

   $ 455,795       $ 493,129       $ 496,857   

Affiliate revenues

     8,467         9,823         6,467   
  

 

 

    

 

 

    

 

 

 

Total revenues

  464,262      502,952      503,324   

Depreciation and amortization

  (14,331   (12,988   (16,057

Asset impairment and loss on sale of assets

  —        —        (1,468

Operating income

  47,715      48,753      40,056   

Total assets

  206,377      223,073      234,882   

Acquisition of property, plant and equipment

  12,574      11,749      13,013   

 

Industrial Connectivity Solutions    Years Ended December 31,  
     2014      2013      2012  
            (In thousands)         

External customer revenues

   $ 682,374       $ 680,643       $ 670,112   

Affiliate revenues

     2,927         1,901         1,129   
  

 

 

    

 

 

    

 

 

 

Total revenues

  685,301      682,544      671,241   

Depreciation and amortization

  (12,318   (11,408   (10,970

Asset impairment and loss on sale of assets

  —        —        (2,435

Operating income

  80,435      92,562      72,366   

Total assets

  255,997      259,400      263,293   

Acquisition of property, plant and equipment

  10,053      14,496      13,077   

 

Industrial IT Solutions    Years Ended December 31,  
     2014      2013      2012  
            (In thousands)         

External customer revenues

   $ 253,464       $ 231,521       $ 219,679   

Affiliate revenues

     54         208         286   
  

 

 

    

 

 

    

 

 

 

Total revenues

  253,518      231,729      219,965   

Depreciation and amortization

  (8,141   (5,635   (4,848

Operating income

  30,803      38,440      32,807   

Total assets

  67,417      56,658      54,428   

Acquisition of property, plant and equipment

  1,903      2,020      4,597   

 

All Other    Years Ended December 31,  
     2014      2013      2012  
     (In thousands)  

External customer revenues

   $ —         $ —         $ 97,771   

Affiliate revenues

     —           —           —     
  

 

 

    

 

 

    

 

 

 

Total revenues

  —        —        97,771   

Depreciation and amortization

  —        —        (2,828

Asset impairment and loss on sale of assets

  —        —        (29,773

Operating income (loss)

  —        1,278      (32,640

Total assets

  —        —        —     

Acquisition of property, plant and equipment

  —        —        348   

 

Total Segments    Years Ended December 31,  
     2014      2013      2012  
     (In thousands)  

External customer revenues

   $ 2,308,265       $ 2,069,193       $ 1,840,739   

Affiliate revenues

     12,829         12,865         8,573   
  

 

 

    

 

 

    

 

 

 

Total revenues

  2,321,094      2,082,058      1,849,312   

Depreciation and amortization

  (102,162   (94,451   (57,887

Asset impairment and loss on sale of assets

  —        —        (33,676

Operating income

  163,046      196,132      100,932   

Total assets

  960,782      833,585      825,123   

Acquisition of property, plant and equipment

  42,442      38,791      39,879   

 

Reconciliation of Total Reportable Segments' Net Income to Consolidated Income (Loss) from Continuing Operations Before Taxes

Total segment operating income differs from net income reported in the Consolidated Financial Statements as follows:

 

     Years Ended December 31,  
     2014      2013      2012  
     (In thousands)  

Total segment operating income

   $ 163,046       $ 196,132       $ 100,932   

Income from equity method investment

     3,955         8,922         9,704   

Eliminations

     (3,882      (3,792      (2,139
  

 

 

    

 

 

    

 

 

 

Total operating income

  163,119      201,262      108,497   

Interest expense

  (82,156   (73,095   (52,038

Interest income

  583      494      1,033   

Loss on debt extinguishment

  —        (1,612   (52,450

Income tax benefit (expense)

  (7,114   (22,315   38,194   
  

 

 

    

 

 

    

 

 

 

Income from continuing operations

  74,432      104,734      43,236   

Income (loss) from discontinued operations, net of tax

  579      (1,421   16,774   

Gain (loss) from disposal of discontinued operations, net of tax

  (562   —        134,480   
  

 

 

    

 

 

    

 

 

 

Net income

$ 74,449    $ 103,313    $ 194,490   
  

 

 

    

 

 

    

 

 

 
Reconciliations of Other Segment Measures to Consolidated Totals

Below are reconciliations of other segment measures to the consolidated totals.

 

     Years Ended December 31,  
     2014      2013      2012  
     (In thousands)  

Total segment assets

   $ 960,782       $ 833,585       $ 825,123   

Cash and cash equivalents

     741,162         613,304         395,095   

Goodwill

     943,374         773,048         778,708   

Intangible assets, less accumulated amortization

     461,292         376,976         428,273   

Deferred income taxes

     62,809         54,801         66,855   

Income tax receivable

     4,953         12,169         8,432   

Corporate assets

     88,455         87,870         82,097   
  

 

 

    

 

 

    

 

 

 

Total assets

$ 3,262,827    $ 2,751,753    $ 2,584,583   
  

 

 

    

 

 

    

 

 

 

Total segment acquisition of property, plant and equipment

$ 42,442    $ 38,791    $ 39,879   

Corporate acquisition of property, plant and equipment

  3,017      1,418      336   

Discontinued operations acquisition of property, plant and equipment

  —        —        795   
  

 

 

    

 

 

    

 

 

 

Total acquisition of property, plant and equipment

$ 45,459    $ 40,209    $ 41,010   
  

 

 

    

 

 

    

 

 

 

Total segment depreciation and amortization

$ (102,162 $ (94,451 $ (57,887

Discontinued operations depreciation and amortization

  —        —        (1,468
  

 

 

    

 

 

    

 

 

 

Total depreciation and amortization

$ (102,162 $ (94,451 $ (59,355
  

 

 

    

 

 

    

 

 

 
Schedule of Revenue from External Customers and Long-Lived Assets Based on Physical Location

The table below summarizes net sales and long-lived assets for the years ended December 31, 2014, 2013 and 2012 for the following countries: the U.S., Canada, China, and Germany. No other individual foreign country’s net sales or long-lived assets are material to the Company.

 

     United States     Canada     China     Germany     All Other     Total  
     (In thousands, except percentages)  

Year ended December 31, 2014

            

Revenues

   $ 1,134,721      $ 194,149      $ 132,330      $ 120,297      $ 726,768      $ 2,308,265   

Percent of total revenues

     49     8     6     5     32     100

Long-lived assets

   $ 191,728      $ 29,773      $ 70,574      $ 40,557      $ 70,727      $ 403,359   

Year ended December 31, 2013

            

Revenues

   $ 1,032,190      $ 195,387      $ 126,461      $ 108,745      $ 606,410      $ 2,069,193   

Percent of total revenues

     50     9     6     5     30     100

Long-lived assets

   $ 170,813      $ 27,458      $ 76,949      $ 45,702      $ 59,275      $ 380,197   

Year ended December 31, 2012

            

Revenues

   $ 825,437      $ 196,761      $ 193,082      $ 105,377      $ 520,082      $ 1,840,739   

Percent of total revenues

     45     11     10     6     28     100

Long-lived assets

   $ 164,619      $ 31,610      $ 72,556      $ 42,411      $ 59,854      $ 371,050