Industry Segment and Geographic Data

12 Months Ended

Dec. 31, 2013

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,
	2013			2012			2011
Net sales:
Engine Management	$	711,245		$	665,105		$	628,673
Temperature Control		262,537			268,804			233,723
Other		9,922			15,007			12,229
Total net sales	$	983,704		$	948,916		$	874,625
Intersegment sales:
Engine Management	$	25,720		$	18,234		$	21,175
Temperature Control		6,329			4,804			5,041
Other		(32,049	)		(23,038	)		(26,216	)
Total intersegment sales	$	—		$	—		$	—
Depreciation and amortization:
Engine Management	$	13,235		$	13,093		$	11,599
Temperature Control		3,763			2,924			1,772
Other		597			449			774
Total depreciation and amortization	$	17,595		$	16,466		$	14,145
Operating income (loss):
Engine Management	$	96,335		$	69,578		$	56,261
Temperature Control		9,147			15,019			17,699
Other		(18,619	)		(13,166	)		(9,061	)
Total operating income	$	86,863		$	71,431		$	64,899
Investment in equity affiliates:
Engine Management	$	6,308		$	—		$	—
Temperature Control		—			—			—
Other		—			—			—
Total investment in equity affiliates	$	6,308		$	—		$	—

	Year Ended December 31,
	2013		2012		2011
	(In thousands)
Capital expenditures:
Engine Management	$	8,628	$	8,941	$	9,014
Temperature Control		2,682		2,005		1,949
Other		100		865		74
Total capital expenditures	$	11,410	$	11,811	$	11,037

Total assets:
Engine Management	$	384,712	$	362,824	$	372,410
Temperature Control		150,280		132,644		97,656
Other		80,531		81,126		80,656
Total assets	$	615,523	$	576,594	$	550,722

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,
	2013			2012			2011
Operating income	$	86,863		$	71,431		$	64,899
Other non-operating income (expense)		1			(696	)		3,370
Interest expense		1,902			2,788			3,821
Earnings from continuing operations before taxes		84,962			67,947			64,448
Income tax expense		31,919			24,978			121
Earnings from continuing operations		53,043			42,969			64,327
Discontinued operations, net of tax		(1,593	)		(1,616	)		(1,926	)
Net earnings	$	51,450		$	41,353		$	62,401

	Year Ended December 31,
	2013		2012		2011
Revenues:	(In thousands)
United States	$	884,380	$	865,861	$	791,625
Canada		51,853		50,215		52,497
Europe		10,657		8,093		9,496
Other foreign		36,814		24,747		21,007
Total revenues	$	983,704	$	948,916	$	874,625
	December 31,
		2013		2012		2011
Long-lived assets:	(In thousands)
United States	$	135,834	$	137,240	$	125,189
Canada		1,526		1,658		1,626
Europe		11,310		4,161		2,322
Other foreign		10,497		3,897		3,661
Total long-lived assets	$	159,167	$	146,956	$	132,798

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 66% of our consolidated net sales in 2013, 64% of our consolidated net sales in 2012, and 62% of our consolidated net sales in 2011.  During 2013, NAPA Auto Parts, O’Reilly Automotive, Inc., and Advance Auto Parts, Inc. accounted for 19%, 18% and 15% of our consolidated net sales, respectively.  Net sales from each of the customers were reported in both our Engine Management and Temperature Control segments.