BUSINESS SEGMENT INFORMATION

Our Chief Executive Officer (the Chief Operating Decision Maker) regularly reviews financial information for our two operating segments, Test and Sensors. Test provides hardware, software and service solutions that help customers accelerate and improve their design, development and manufacturing processes and are used for determining the mechanical behavior of materials, products and structures. Sensors provides high-performance sensors used for measurement of vibration, pressure, position, force and sound in a variety of applications.

In evaluating each segment's performance, our Chief Executive Officer focuses on income from operations. This measure excludes interest income and expense, income taxes and other non-operating items. Corporate expenses, including costs associated with various support functions such as human resources, information technology, legal, finance and accounting, and general and administrative costs are allocated to the reportable segments on the basis of revenue.

The acquisition of PCB in fiscal year 2016 generated new opportunities to sell between our operating segments. Intersegment revenue is based on standard costs with reasonable mark-ups established between the reportable segments. All significant intersegment amounts are eliminated to arrive at consolidated financial results.

Financial information by reportable segment is as follows:



	2018			2017		2016
Revenue
Test	$	464,924		$	504,087	$	512,265
Sensors	314,269			283,868		137,882
Intersegment eliminations	(1,161		)	—		—
Total revenue	$	778,032		$	787,955	$	650,147

Income from Operations
Test	$	19,225		$	28,622	$	40,660
Sensors	45,980			26,206		1,103
Intersegment eliminations	(33		)	—		—
Total income from operations	$	65,172		$	54,828	$	41,763

Identifiable Assets
Test	$	299,242		$	374,698	$	395,067
Sensors	840,187			814,994		792,953
Intersegment eliminations	(33		)	—		—
Total identifiable assets	$	1,139,396		$	1,189,692	$	1,188,020

Goodwill
Test	$	24,631		$	25,109	$	25,022
Sensors	344,644			344,653		344,678
Total goodwill	$	369,275		$	369,762	$	369,700

Capital Expenditures
Test	$	8,111		$	13,281	$	17,570
Sensors	4,210			4,517		3,236
Total capital expenditures	$	12,321		$	17,798	$	20,806

Depreciation and Amortization
Test	$	16,353		$	17,275	$	17,279
Sensors	18,139			18,248		6,798
Total depreciation and amortization	$	34,492		$	35,523	$	24,077

Geographic information is as follows:



	2018		2017		2016
Revenue
U.S.	$	245,909	$	246,679	$	154,707
Europe	223,236		192,491		163,944
China	165,421		174,044		152,264
Asia, excluding China	113,953		142,644		148,056
Americas, excluding U.S.	29,513		32,097		31,176
Total revenue	$	778,032	$	787,955	$	650,147

Property and Equipment, Net
U.S.	$	69,782	$	78,080	$	79,794
Europe	15,130		15,296		13,695
China	4,858		5,542		5,630
Asia, excluding China	499		1,012		1,670
Total property and equipment, net	$	90,269	$	99,930	$	100,789

Revenue by geographic area is presented based on customer location. The U.S. and China were the only countries with revenue in excess of 10% of total revenue during fiscal years 2018, 2017 and 2016. No single customer accounted for 10% or more of consolidated revenue for fiscal years 2018, 2017 and 2016. Revenue is not reported for each of our products and services because it is impracticable to do so.