Segment Reporting

9 Months Ended

Sep. 30, 2017

Segment Reporting

The Company has determined that it operates in four reportable segments, North America, Europe, Asia Pacific and South America. The Company’s principal products within each of these segments are sealing, fuel and brake delivery, fluid transfer and anti-vibration systems. The Company evaluates segment performance based on segment profit before tax. The results of each segment include certain allocations for general, administrative, interest and other shared costs.

Certain financial information on the Company’s reportable segments was as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Sales to external customers
North America	$	437,406		$	450,795		$	1,403,270		$	1,361,183
Europe	254,399			242,773			776,346			794,411
Asia Pacific	148,493			137,174			421,926			380,483
South America	28,718			24,914			78,670			61,380
Consolidated	$	869,016		$	855,656		$	2,680,212		$	2,597,457

Intersegment sales
North America	$	3,285		$	3,409		$	10,108		$	9,908
Europe	3,861			3,600			11,188			10,081
Asia Pacific	1,566			1,426			3,876			3,925
South America	2			1			11			5
Eliminations	(8,714		)	(8,436		)	(25,183		)	(23,919		)
Consolidated	$	—		$	—		$	—		$	—

Segment profit (loss)
North America	$	44,214		$	55,031		$	170,971		$	169,857
Europe	(9,024		)	(5,632		)	(20,633		)	(7,510		)
Asia Pacific	3,050			3,037			11,036			6,073
South America	(4,944		)	(3,265		)	(11,504		)	(16,685		)
Consolidated income before income taxes	$	33,296		$	49,171		$	149,870		$	151,735



	September 30, 2017		December 31, 2016
Segment assets
North America	$	1,030,321	$	985,809
Europe	648,588		582,385
Asia Pacific	653,688		611,849
South America	57,794		46,125
Eliminations and other	245,205		265,534
Consolidated	$	2,635,596	$	2,491,702