SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2018

12. SEGMENT INFORMATION

The Company operates in one segment for the manufacture and marketing of controlled motion products for original equipment manufacturers and end user applications. 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.

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


	For the year ended December 31,
	2018		2017		2016
Revenues derived from foreign subsidiaries	$	126,104	$	107,039	$	99,061

Identifiable assets outside of the United States are $88,400 and $84,652 as of December 31, 2018 and 2017, 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 $146,835, $119,212 and $111,993 during 2018, 2017 and 2016, respectively.

For 2018, 2017 and 2016 one customer accounted for 19%, 18% and 19% of revenues, respectively, and as of December 31, 2018 and 2017 for 13% and 15% of trade receivables, respectively.