Segment Reporting

6 Months Ended

Jun. 30, 2018

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 June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Sales to external customers
North America	$	477,608		$	481,626		$	976,786		$	965,864
Europe	279,124			260,441			571,525			521,947
Asia Pacific	147,994			140,842			297,169			273,433
South America	23,536			26,236			50,173			49,952
Consolidated	$	928,262		$	909,145		$	1,895,653		$	1,811,196

Intersegment sales
North America	$	3,993		$	3,225		$	7,619		$	6,823
Europe	3,710			3,746			7,417			7,327
Asia Pacific	1,275			1,479			2,994			2,310
South America	41			7			55			9
Eliminations	(9,019		)	(8,457		)	(18,085		)	(16,469		)
Consolidated	$	—		$	—		$	—		$	—

Income before income taxes
North America	$	59,667		$	64,476		$	124,352		$	126,757
Europe	(5,397		)	(3,050		)	(2,828		)	(11,609		)
Asia Pacific	1,430			4,509			5,011			7,986
South America	(3,368		)	(3,755		)	(4,896		)	(6,560		)
Consolidated income before income taxes	$	52,332		$	62,180		$	121,639		$	116,574



	June 30, 2018		December 31, 2017
Segment assets
North America	$	1,056,167	$	1,049,218
Europe	653,951		644,586
Asia Pacific	642,153		686,329
South America	48,111		54,846
Eliminations and other	299,901		290,669
Consolidated	$	2,700,283	$	2,725,648