Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information

Segment Information

9.             Segment Information

The Company is organized into three reportable segments. The segments are defined by the regions where the Company’s products are manufactured, marketed and distributed to the Company’s customers. The three regional segments are the North American segment, comprising primarily the United States and Canada, the European segment and the Asia/Pacific segment, comprising the Company’s operations in China, Hong Kong, the South Pacific and the Middle East. These segments are similar in several ways, including the types of materials, the production processes, the distribution channels and the product applications.

The following table illustrates certain measurements used by management to assess the performance as of or for the following periods:

(in thousands)

	Three Months Ended
	March 31,
	2012			2011
Net Sales
North America	$	127,967		$	104,622
Europe	28,237			25,798
Asia/Pacific	2,372			1,877
Administrative and all other	158			239
Total	$	158,734		$	132,536
Sales to Other Segments*
North America	$	1,372		$	1,322
Europe	134			81
Asia/Pacific	3,724			2,111
Total	$	5,230		$	3,514
Income (Loss) from Operations
North America	$	17,873		$	15,091
Europe	(2,372		)	(1,454		)
Asia/Pacific	(654		)	(712		)
Administrative and all other	(1,339		)	(642		)
Total	$	13,508		$	12,283

* The sales to other segments are eliminated on consolidation.

(in thousands)

					At
	At March 31,				December 31,
	2012		2011		2011
Total Assets
North America	$	546,112	$	566,939	$	540,082
Europe	201,721		135,146		180,016
Asia/Pacific	27,916		24,856		29,306
Administrative and all other	91,262		156,229		86,683
Total	$	867,011	$	883,170	$	836,087

Cash collected by the Company’s United States subsidiaries is routinely transferred into the Company’s cash management accounts and, therefore, has been included in the total assets of “Administrative and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $87.4 million, $237.9 million, and $68.5 million, as of March 31, 2012 and 2011, and December 31, 2011, respectively.