Industry Segment and Geographic Data

12 Months Ended

Dec. 31, 2011

Industry Segment and Geographic Data [Abstract]

Industry Segment and Geographic Data

17.  Industry Segment and Geographic Data

We have two major reportable operating segments, each of which focuses on a specific line of replacement parts.  Our Engine Management Segment manufactures and distributes ignition and emission parts, ignition wires, battery cables and fuel system parts.  Our Temperature Control Segment manufactures and remanufactures air conditioning compressors, air conditioning and heating parts, engine cooling system parts, power window accessories and windshield washer system parts.

The accounting policies of each segment are the same as those described in the summary of significant accounting policies (see Note 1).  The following tables contain financial information for each reportable segment (in thousands):

	Year Ended December 31,
	2011			2010			2009
Net sales:
Engine Management	$	628,673		$	577,333		$	506,435
Temperature Control		233,723			222,086			196,729
Europe		-			-			26,746
Other		12,229			11,491			5,514
Total	$	874,625		$	810,910		$	735,424
Intersegment sales:
Engine Management	$	21,175		$	19,720		$	22,445
Temperature Control		5,041			4,567			3,752
Europe		-			-			287
Other		(26,216	)		(24,287	)		(26,484	)
Total	$	-		$	-		$	-
Depreciation and amortization:
Engine Management	$	11,599		$	10,378		$	10,268
Temperature Control		1,772			2,073			2,409
Europe		-			-			500
Other		774			1,123			1,177
Total	$	14,145		$	13,574		$	14,354
Operating income (loss):
Engine Management	$	56,261		$	43,410		$	26,927
Temperature Control		17,699			13,096			6,855
Europe		-			-			(7,016	)
Other		(9,061	)		(9,713	)		(9,135	)
Total	$	64,899		$	46,793		$	17,631
Investment in equity affiliates:
Engine Management	$	-		$	-		$	-
Temperature Control		-			-			-
Europe		-			-			-
Other		-			435			555
Total	$	-		$	435		$	555

		Year Ended December 31,
		2011		2010		2009
Capital expenditures:
Engine Management	$	9,014	$	8,376	$	6,207
Temperature Control		1,949		2,336		432
Europe		-		-		535
Other		74		94		-
Total	$	11,037	$	10,806	$	7,174

Total assets:
Engine Management	$	372,410	$	323,162	$	310,141
Temperature Control		97,656		92,732		79,066
Europe		-		-		-
Other		80,656		76,907		95,252
Total	$	550,722	$	492,801	$	484,459

Other consists of items pertaining to our corporate headquarters function, as well as our Canadian business unit that does not meet the criteria of a reportable operating segment.

Reconciliation of segment operating income to net earnings (in thousands):

	Year Ended December 31,
	2011			2010			2009
Operating income	$	64,899		$	46,793		$	17,631
Other non-operating income		3,370			425			3,584
Interest expense		3,821			7,127			9,215
Earnings from continuing operations before taxes		64,448			40,091			12,000
Income tax expense		121			15,391			6,094
Earnings from continuing operations		64,327			24,700			5,906
Discontinued operations, net of tax		(1,926	)		(2,740	)		(2,423	)
Net earnings	$	62,401		$	21,960		$	3,483

	Revenues
	Year Ended December 31,
	2011		2010		2009
	(In thousands)
United States	$	791,625	$	723,628	$	635,977
Canada		52,497		51,515		48,896
Europe		9,496		8,296		29,984
Other foreign		21,007		27,471		20,567
Total	$	874,625	$	810,910	$	735,424

	Long-Lived Assets
	December 31,
	2011		2010		2009
	(In thousands)
United States	$	125,189	$	81,485	$	85,083
Canada		1,626		1,782		1,892
Europe		2,322		2,314		2,102
Other foreign		3,661		1,168		1,626
Total	$	132,798	$	86,749	$	90,703

Revenues are attributed to countries based upon the location of the customer. Long-lived assets are attributed to countries based upon the location of the assets.

Our five largest individual customers, including members of a marketing group, accounted for approximately 63% of our consolidated net sales in 2011, 60% of our consolidated net sales in 2010, and 55% of our consolidated net sales in 2009.  During 2011, three of our customers (NAPA Auto Parts, Advance Auto Parts, Inc. and O'Reilly Automotive, Inc.) each accounted for more than 10% of our consolidated net sales and, in the aggregate, accounted for approximately 52% of our consolidated net sales.