Segment Information
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information
Our reporting structure is comprised of the following operating segments: Printed Circuit Materials (PCM), High Performance Foams (HPF), Power Electronics Solutions (PES) and the Other segment. We believe this structure aligns our external reporting presentation with how we currently manage and view our business internally.
We completed the acquisition of Arlon on January 22, 2015. As part of the integration process, Arlon operations related to circuit materials and silicones are included in our PCM and HPF segments, respectively. The Other segment includes the Arlon business that manufactures specialty polyimide and epoxy-based laminates and bonding materials.
As a result of the acquisition, we significantly increased our asset holdings. The following table sets forth the total assets allocated to each segment:
(Dollars in thousands)
 
 
March 31, 2015
Assets
 
Printed Circuit Materials
$
332,712

High Performance Foams
280,585

Power Electronics Solutions
330,631

Other
41,134

Total Assets
$
985,062



The following table sets forth the information about our segments for the periods indicated:
(Dollars in thousands)
Quarter Ended
 
 
March 31,
2015
 
March 31,
2014
 
Net sales
 
 
 
 
Printed Circuit Materials
$
71,287

 
$
58,536

 
High Performance Foams
44,556

 
41,204

 
Power Electronics Solutions
38,529

 
40,798

 
Other
10,679

 
6,102

 
Net sales
$
165,051

 
$
146,640

 
 
 
 
 
 
Operating income (loss)
 

 
 

 
Printed Circuit Materials
$
12,838

 
$
11,960

 
High Performance Foams
3,015

 
5,729

 
Power Electronics Solutions
2,368

 
1,565

 
Other
1,879

 
2,203

 
Operating income (loss)
20,100

 
21,457

 
 
 
 
 
 
Equity income in unconsolidated joint ventures
919

 
977

 
Other income (expense), net
(129
)
 
(1,191
)
 
Interest income (expense), net
(1,006
)
 
(748
)
 
Income (loss) before income tax expense (benefit)
$
19,884

 
$
20,495

 

Inter-segment sales have been eliminated from the sales data in the preceding table.