Accounts Receivable and Sales Concentrations

12 Months Ended

Dec. 31, 2011

Accounts Receivable and Sales Concentrations/Long Term Note Receivable [Abstract]

Accounts Receivable and Sales Concentrations

3) Accounts Receivable and Sales Concentrations

	December 31,
	2011		2010
Trade	$	67,145	$	63,809
Less - allowance for doubtful accounts		438		478
Accounts receivable, net	$	66,707	$	63,331

Activity in the allowance for doubtful accounts is as follows:

Description	Balance at Beginning of Year		Additions (reductions)			Write- offs			Currency Impacts			Balance at End of Year
December 31, 2011
Allowance for doubtful accounts	$	478	$	140		$	(178	)	$	(2	)	$	438
December 31, 2010
Allowance for doubtful accounts	$	473	$	97		$	(81	)	$	(11	)	$	478
December 31, 2009
Allowance for doubtful accounts	$	635	$	(119	)	$	(48	)	$	5		$	473

For the years ended December 31, 2011, 2010 and 2009, sales to SKF amounted to $159,668, $139,242, and $93,385, respectively, or 37.6%, 38.1%, and 36.0% of consolidated revenues, respectively. None of our other customers accounted for more than 10% of our net sales in 2011, 2010 or 2009. SKF and SNR Roulements (“SNR”) were the only customers with accounts receivable concentrations in excess of 10% in 2011 and 2010. Schaeffler Group had accounts receivable concentrations in excess of 10% in 2010 but not for 2011. The outstanding balance as of December 31, 2011 and 2010 for SKF was $22,572 and $18,739, respectively. The outstanding balance as of December 31, 2011 and 2010 for SNR was $6,796 and $7,059, respectively. The outstanding balance as of December 31, 2010 for Schaeffler Group was $6,768. All revenues and receivables related to SKF and Schaeffler Group are in the Metal Bearing Components and Plastic and Rubber Components Segments. All revenues and receivables related to SNR are in the Metal Bearing Components Segment.