Segment Information

6 Months Ended

Jun. 30, 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:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands)	2012			2011			2012			2011
Net Sales
North America	$	144,532		$	139,112		$	272,500		$	243,734
Europe	34,120			35,648			62,356			61,446
Asia/Pacific	2,735			2,815			5,107			4,692
Administrative and all other	316			237			474			476
Total	$	181,703		$	177,812		$	340,437		$	310,348
Sales to Other Segments*
North America	$	1,442		$	1,490		$	2,814		$	2,812
Europe	19			169			153			250
Asia/Pacific	4,573			2,044			8,297			4,155
Total	$	6,034		$	3,703		$	11,264		$	7,217
Income (Loss) from Operations
North America	$	26,583		$	30,793		$	44,456		$	45,843
Europe	2,088			2,650			(284		)	1,196
Asia/Pacific	(163		)	(552		)	(817		)	(1,265		)
Administrative and all other	(1,360		)	(1,683		)	(2,699		)	(2,284		)
Total	$	27,148		$	31,208		$	40,656		$	43,490

* The sales to other segments are eliminated on consolidation.

					At
	At June 30,				December 31,
(in thousands)	2012		2011		2011
Total Assets
North America	$	557,502	$	595,842	$	540,082
Europe	204,864		140,572		180,016
Asia/Pacific	31,734		25,461		29,306
Administrative and all other	84,805		102,700		86,683
Total	$	878,905	$	864,575	$	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 $82.6 million, $191.5 million, and $68.5 million, as of June 30, 2012 and 2011, and December 31, 2011, respectively.