SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2019

18. 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 in which the entity holds material assets and reports revenue.

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


	Three months ended				Six months ended
	June 30,				June 30,
	2019		2018		2019		2018
Revenues derived from foreign subsidiaries	$	29,985	$	33,497	$	64,567	$	65,903

Identifiable foreign assets were $93,952 and $88,400 as of June 30, 2019 and December 31, 2018, 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 $38,802 and $38,395 during the quarters ended June 30, 2019 and 2018, respectively; and $82,485 and $74,698 for the six months ended June 30, 2019 and 2018, respectively.

For second quarter 2019 and 2018, one customer accounted for 15% and 20% of revenues, respectively; and for the year to date 2019 and 2018 for 16% and 20% of revenues, respectively. As of June 30, 2019, and December 31, 2018 this customer represented 17% and 13% of trade receivables, respectively.