SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2015

SEGMENT INFORMATION

SEGMENT INFORMATION

12.SEGMENT INFORMATION

The Company operates in one segment for the manufacture and marketing of motion control products for original equipment manufacturers and end user applications.  In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company.  Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue.  All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in: economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.  Since the Company operates in one segment, all financial information required by “Segment Reporting” can be found in the accompanying consolidated financial statements and within this note.

The Company’s wholly owned foreign subsidiaries, Premotec (Dordrecht, The Netherlands), Allied Motion Stockholm (formerly known as Östergrens, located in Stockholm, Sweden), Allied Motion Asia (Hong Kong and Changzhou, China), Globe Motors Portugal (Porto, Portugal) and Globe Motors Mexico (Reynosa, Mexico) are included in the accompanying consolidated financial statements.

Financial information related to the foreign subsidiaries is summarized below (in thousands):

	For the year ended
	December 31, 2015		December 31, 2014		December 31, 2013
Revenues derived from foreign subsidiaries	$	77,023	$	82,544	$	50,053

Identifiable assets were $56,444 and $53,479 as of December 31, 2015 and 2014, respectively.

Revenues derived from foreign subsidiaries and identifiable assets outside of the United States are primarily attributable to Europe.

Sales to customers outside of the United States by all subsidiaries were $ 79,961, $85,152 and $53,989 during 2015, 2014 and 2013, respectively.

For 2015 and 2014, one customer accounted for 24% and 23% of revenues, respectively, and as of December 31 2015 and 2014, for 12% and 23% of trade receivables, respectively.  As of December 31, 2015 and 2014, another customer accounted for 15% of accounts receivable as of each year end.  For the year ended and as of December 31, 2013, no single customer accounted for more than 10% of revenue or accounts receivable.