| Summary of Company's Reportable Segment |
The following table presents a summary of the Company’s reportable segments for the year ended December 31, 2016, 2015 and 2014. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory. During the fourth quarter of 2015, the Company reconfigured a product line in The Americas segment and consolidated its manufacturing processes into the PLP-USA segment. As such, certain prior year amounts have been reclassified to conform to current year presentation.
|
|
|
Year Ended December 31 |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Net sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
135,260 |
|
|
$ |
142,470 |
|
|
$ |
152,567 |
|
|
The Americas |
|
|
60,049 |
|
|
|
59,290 |
|
|
|
75,868 |
|
|
EMEA |
|
|
56,411 |
|
|
|
53,778 |
|
|
|
65,446 |
|
|
Asia-Pacific |
|
|
84,914 |
|
|
|
99,128 |
|
|
|
94,304 |
|
|
Total net sales |
|
$ |
336,634 |
|
|
$ |
354,666 |
|
|
$ |
388,185 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intersegment sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
9,471 |
|
|
$ |
9,339 |
|
|
$ |
12,690 |
|
|
The Americas |
|
|
5,132 |
|
|
|
5,074 |
|
|
|
5,875 |
|
|
EMEA |
|
|
1,363 |
|
|
|
1,652 |
|
|
|
1,848 |
|
|
Asia-Pacific |
|
|
7,827 |
|
|
|
8,364 |
|
|
|
11,921 |
|
|
Total intersegment sales |
|
$ |
23,793 |
|
|
$ |
24,429 |
|
|
$ |
32,334 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
The Americas |
|
|
79 |
|
|
|
145 |
|
|
|
129 |
|
|
EMEA |
|
|
116 |
|
|
|
123 |
|
|
|
223 |
|
|
Asia-Pacific |
|
|
96 |
|
|
|
123 |
|
|
|
131 |
|
|
Total interest income |
|
$ |
291 |
|
|
$ |
391 |
|
|
$ |
483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
(738 |
) |
|
$ |
(440 |
) |
|
$ |
(427 |
) |
|
The Americas |
|
|
(14 |
) |
|
|
(56 |
) |
|
|
(130 |
) |
|
EMEA |
|
|
(13 |
) |
|
|
(23 |
) |
|
|
(54 |
) |
|
Asia-Pacific |
|
|
(79 |
) |
|
|
(46 |
) |
|
|
(47 |
) |
|
Total interest expense |
|
$ |
(844 |
) |
|
$ |
(565 |
) |
|
$ |
(658 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
1,494 |
|
|
$ |
2,387 |
|
|
$ |
4,576 |
|
|
The Americas |
|
|
2,507 |
|
|
|
1,399 |
|
|
|
930 |
|
|
EMEA |
|
|
1,862 |
|
|
|
1,646 |
|
|
|
2,122 |
|
|
Asia-Pacific |
|
|
(165 |
) |
|
|
(401 |
) |
|
|
921 |
|
|
Total income taxes |
|
$ |
5,698 |
|
|
$ |
5,031 |
|
|
$ |
8,549 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
2,007 |
|
|
$ |
2,031 |
|
|
$ |
7,233 |
|
|
The Americas |
|
|
5,881 |
|
|
|
3,178 |
|
|
|
2,647 |
|
|
EMEA |
|
|
6,243 |
|
|
|
4,881 |
|
|
|
6,192 |
|
|
Asia-Pacific |
|
|
1,124 |
|
|
|
(3,415 |
) |
|
|
(3,211 |
) |
|
Total net income |
|
$ |
15,255 |
|
|
$ |
6,675 |
|
|
$ |
12,861 |
|
|
|
|
Year Ended December 31 |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Expenditure for long-lived assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
18,314 |
|
|
$ |
5,164 |
|
|
$ |
7,673 |
|
|
The Americas |
|
|
2,634 |
|
|
|
2,074 |
|
|
|
4,788 |
|
|
EMEA |
|
|
1,450 |
|
|
|
1,673 |
|
|
|
1,375 |
|
|
Asia-Pacific |
|
|
2,327 |
|
|
|
1,843 |
|
|
|
3,827 |
|
|
Total expenditures for long-lived assets |
|
$ |
24,725 |
|
|
$ |
10,754 |
|
|
$ |
17,663 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
4,937 |
|
|
$ |
4,551 |
|
|
$ |
4,521 |
|
|
The Americas |
|
|
1,874 |
|
|
|
1,862 |
|
|
|
2,464 |
|
|
EMEA |
|
|
1,402 |
|
|
|
1,464 |
|
|
|
1,790 |
|
|
Asia-Pacific |
|
|
3,783 |
|
|
|
3,655 |
|
|
|
4,082 |
|
|
Total depreciation and amortization |
|
$ |
11,996 |
|
|
$ |
11,532 |
|
|
$ |
12,857 |
|
|
|
|
As of December 31 |
|
|
|
|
|
|
2016 |
|
|
2015 |
|
|
Identifiable assets |
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
122,326 |
|
|
$ |
106,854 |
|
|
The Americas |
|
|
63,643 |
|
|
|
60,010 |
|
|
EMEA |
|
|
54,493 |
|
|
|
50,755 |
|
|
Asia-Pacific |
|
|
100,475 |
|
|
|
105,437 |
|
|
|
|
|
340,937 |
|
|
|
323,056 |
|
|
Corporate assets |
|
|
0 |
|
|
|
314 |
|
|
Total identifiable assets |
|
$ |
340,937 |
|
|
$ |
323,370 |
|
|
|
|
|
|
|
|
|
|
|
|
Long-lived assets |
|
|
|
|
|
|
|
|
|
PLP-USA |
|
$ |
54,048 |
|
|
$ |
40,638 |
|
|
The Americas |
|
|
16,158 |
|
|
|
14,937 |
|
|
EMEA |
|
|
10,619 |
|
|
|
11,232 |
|
|
Asia-Pacific |
|
|
24,279 |
|
|
|
25,158 |
|
|
Total long-lived assets |
|
$ |
105,104 |
|
|
$ |
91,965 |
|
|