SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2021

SEGMENT INFORMATION

SEGMENT INFORMATION

17.    SEGMENT INFORMATION

The Company operates in one segment for the manufacture and marketing of controlled motion products for end user and OEM applications. The Company’s chief operating decision maker is the Chief Executive Officer, 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				Nine months ended
	September 30,				September 30,
	2021		2020		2021		2020
Revenues derived from foreign subsidiaries	$	39,183	$	38,468	$	124,050	$	113,834

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

Identifiable foreign fixed assets were $32,452 and $34,855 as of September 30, 2021 and December 31, 2020, respectively.

Sales to customers outside of the United States by all subsidiaries were $45,350 and $41,411 during the three months ended September 30, 2021 and 2020, respectively and $140,565 and $128,170 for the nine months ended September 30, 2021 and 2020, respectively.

For the three months ended September 30, 2021 and 2020, one customer accounted for 16% and 20% of revenues, respectively and for the nine months ended September 30, 2021 and 2020 for 16% and 15% of revenues, respectively. As of September 30, 2021 and December 31, 2020 this customer represented 16% and 22% of trade receivables, respectively.