SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2020

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
	March 31,
	2020		2019
Revenues derived from foreign subsidiaries	$	36,013	$	34,579

Identifiable foreign assets were $123,749 and $95,777 as of March 31, 2020 and December 31, 2019, 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 $43,389 and $43,680 during the quarters ended March 31, 2020 and 2019, respectively.

For first quarter 2020 and 2019, one customer accounted for 13% and 16% of revenues, respectively. As of March 31, 2020, and December 31, 2019 this customer represented 13% and 20% of trade receivables, respectively.