SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2018

Segment income is measured for internal reporting purposes by excluding corporate expenses, impairment charges, interest income, interest expense, and income taxes. Corporate expenses consist primarily of executive employment costs, certain professional fees, and costs associated with the Company’s global headquarters. Financial results for each reportable segment are as follows (in thousands):



	Three Months Ended March 31, 2018
	MMS		ATA		Inter-Segment Eliminations			Total
Sales	$	61,880	$	18,131	$	(129	)	$	79,882
Depreciation and amortization	1,281		464		0			1,745
Segment income	2,866		4,101					6,967
Capital expenditures	692		520					1,212
Segment assets⁽¹⁾	229,300		48,759					278,059



	Three Months Ended March 31, 2017
	MMS			ATA		Inter-Segment Eliminations			Total
Sales	$	48,833		$	15,858	$	(134	)	$	64,557
Depreciation and amortization	1,400			508					1,908
Segment (loss) income	(2,669		)	2,285					(384		)
Capital expenditures	336			144					480
Segment assets⁽¹⁾	223,349			45,512					268,861

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⁽¹⁾	Segment assets primarily consist of restricted cash, accounts receivable, inventories, prepaid and other assets, property, plant and equipment, and intangible assets. Unallocated assets primarily include, cash and cash equivalents, corporate property, plant and equipment, deferred income taxes, and other non-current assets.

A reconciliation of segment income to consolidated income (loss) before income taxes for the three months ended March 31, 2018 and 2017 are as follows (in thousands):



	Three Months Ended March 31,
	2018			2017
Segment income	$	6,967		$	(384	)
Unallocated corporate expense	(4,233		)	(1,401		)
Interest expense, net	2			(65		)
Income (loss) before income taxes	$	2,736		$	(1,850	)

A reconciliation of segment assets to consolidated total assets follows (in thousands):



	March 31, 2018		December 31, 2017
Total segment assets	$	278,059	$	269,679
Unallocated assets	43,075		49,270
Total assets	$	321,134	$	318,949

Unallocated assets include cash of $39.5 million and $45.0 million at March 31, 2018 and December 31, 2017, respectively.