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Major Customers
12 Months Ended
Dec. 31, 2016
Major Customers [Abstract]  
Major Customers
Major Customers

In our EP segment, one customer, together with its respective affiliates and designated converters, accounted for 18% of the Company's consolidated net sales for the year ended December 31, 2016. Philip Morris-USA, British American Tobacco and Japan Tobacco Inc. together with their respective affiliates and designated converters, each accounted for 10% or more of the Company's consolidated net sales in 2015 and 2014 and together accounted for 42% and 46% of the Company's 2015 and 2014 consolidated net sales, respectively. The loss of one or more such customers, or a significant reduction in one or more of these customers' purchases, could have a material adverse effect on the Company's results of operations. There were no individual customers in the AMS segment which made up 10% or more of the Company's 2016, 2015 or 2014 consolidated net sales.

In the EP segment, no customers accounted for 10% or more of consolidated accounts receivable at December 31, 2016. Philip Morris-USA, BAT and Japan Tobacco Inc., together with their respective affiliates and designated converters accounted for 24% of consolidated accounts receivable at December 31, 2015. There were no individual customers in the AMS segment which made up 10% or more of the Company's consolidated accounts receivable at December 31, 2016 or 2015.

The Company performs ongoing credit evaluations on all of its customers' financial condition and generally does not require collateral or other security to support customer receivables. Substantial portions of the Company's consolidated accounts receivable are due from companies in the tobacco industry, which has been and continues to be under substantial pressure from legal, regulatory and tax developments. It is not possible to predict the outcome of such litigation or what effect adverse developments in pending or future litigation, regulatory actions and additional taxes may have on the tobacco industry, its financial liquidity or relationships with its suppliers. Nor is it possible to predict what additional legislation or regulations relating to tobacco products will be enacted, or to what extent, if any, such legislation or regulations might affect the tobacco products industry in general.