SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2019

13. SEGMENT INFORMATION

The Company operates in one segment for the manufacture and marketing of controlled motion products for OEM 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,
	2019		2018		2017
Revenues derived from foreign subsidiaries	$	126,737	$	126,104	$	107,039

Identifiable assets outside of the United States are $95,777 and $88,400 as of December 31, 2019 and 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 $159,365, $146,835 and $119,212 during 2019, 2018 and 2017, respectively.

For 2019, 2018 and 2017 one customer accounted for 16%, 19% and 18% of revenues, respectively, and as of December 31, 2019 and 2018 for 17% and 13% of trade receivables, respectively.