| Segment Reporting Disclosure [Text Block] | 11. Segment and Geographic Information The company and its subsidiaries design, manufacture and sell circuit protection devices throughout the world. The company reports its operations by the following segments: Electronics, Automotive, and Industrial. Each operating segment is directly responsible for sales, marketing and research and development. Manufacturing, purchasing, logistics, customer service, finance, information technology and human resources are shared functions that are allocated back to the three operating segments. The CEO allocates resources to and assesses the performance of each operating segment using information about its revenue and operating income (loss) before interest and taxes, but does not evaluate the operating segments using discrete balance sheet information. Sales, marketing and research and development expenses are charged directly into each operating segment. All other functions are shared by the operating segments and expenses for these shared functions are allocated to the operating segments and included in the operating results reported below. The company does not report inter-segment revenue because the operating segments do not record it. The company does not allocate interest and other income, interest expense, or taxes to operating segments. Although the CEO uses operating income (loss) to evaluate the segments, operating costs included in one segment may benefit other segments. Except as discussed above, the accounting policies for segment reporting are the same as for the company as a whole. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, and about which separate financial information is regularly evaluated by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources. The CODM is the company’s President and Chief Executive Officer (“CEO”). Segment information for the three months ended April 2, 2016 and March 28, 2015 are summarized as follows (in thousands): April 2, 2016 March 28, 2015 Net sales Electronics $ 98,796 $ 99,380 Automotive 91,933 84,071 Industrial 28,669 26,862 Total net sales $ 219,398 $ 210,313 Depreciation and amortization Electronics $ 5,372 $ 5,798 Automotive 3,266 3,336 Industrial 1,451 1,284 Other (1) 937 — Total depreciation and amortization $ 11,026 $ 10,418 Operating income Electronics $ 22,416 $ 18,665 Automotive 17,491 11,171 Industrial 1,673 2,730 Other (2) (9,152 ) (3,018 ) Total operating income 32,428 29,548 Interest expense 2,045 1,151 Foreign exchange loss 3,823 3,117 Other (income) expense, net (517 ) (1,126 ) Income before income taxes $ 27,077 $ 26,406 (1) Consists of intangible impairments. (See Note 13). (2) Consists of internal resorganization costs ($1.4 million), acquisition related expenses ($6.2 million) and impairment and severance costs related to the planned shut-down of the company’s Roskilde, Denmark operations ($1.6 million) (see Note 13). The company’s significant net sales by country for the three months ended April 2, 2016 and March 28, 2015 are summarized as follows (in thousands): Net sales (a) April 2, 2016 March 28, 2015 United States $ 85,149 $ 83,373 China 48,509 44,429 Other countries 85,740 82,511 Total $ 219,398 $ 210,313 (a) Sales by country represent sales to customer or distributor locations. The company’s significant long-lived assets and additions to long-lived assets by country as of April 2, 2016 and January 2, 2016 are summarized as follows (in thousands): Long-lived assets (b) April 2, 2016 January 2, 2016 United States $ 24,906 $ 23,965 China 78,840 37,241 Canada 11,069 10,488 Other countries 115,050 90,874 Total $ 229,865 $ 162,568 (b) Long-lived assets consists of net property, plant and equipment. 11. Segment and Geographic Information, continued Additions to long-lived assets April 2, 2016 March 28, 2015 United States $ 1,618 $ 3,187 China 1,046 667 Canada 69 538 Other countries 6,406 7,887 Total $ 9,139 $ 12,279 |
