Note 16 - Enterprise-wide Disclosures

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE

16

–

ENTERPRISE-WIDE DISCLOSURES

Based on applicable accounting standards, the Company has determined that it has

three

operating segments

– namely, the Americas, Europe and Asia-Pacific geographic regions. Pursuant to accounting standards, the Company has aggregated the

three

operating segments into

one

reporting segment because they have similar economic characteristics, and the operating segments are similar in all of the following areas: (a) the nature of the products and services; (b) the nature of the production processes; (c) the type or class of customer for their products and services; (d) the methods used to distribute their products or provide their services; and (e) the nature of the regulatory environment.

While the

Company operates as

one

reporting segment for the reasons discussed, included below is selected information on our operating segments.

Summary information by

operating segment follows:

	AMERICAS		EUROPE		ASIA- PACIFIC		TOTAL
	(in thousands)
201 7
Net Sales	$	588,052	$	246,399	$	161,992	$	996,443
Depreciation and amortization		13,548		6,049		8,662		28,259
Total assets		272,883		253,519		193,555		719,957
201 6
Net Sales	$	568,138	$	241,463	$	149,016	$	958,617
Depreciation and amortization		14,639		5,698		8,729		29,066
Total assets		237,900		261,182		238,317		737,399
20 15
Net Sales	$	593,163	$	262,671	$	146,029	$	1,001,863
Depreciation and amortization		15,390		5,007		9,167		29,564

A reconciliation of the Company

’s total operating segment depreciation and amortization, and assets to the corresponding consolidated amounts follows:

	FISCAL YEAR ENDED
	2 017		201 6		2 015
	(in thousands)
DEPRECIATION AND AMORTIZATION
Total segment depreciation and amortization	$	28,259	$	29,066	$	29,564
Corporate depreciation and amortization		2,002		1,566		1,239
Reported depreciation and amortization	$	30,261	$	30,632	$	30,803
ASSETS
Total segment assets	$	719,957	$	737,399
Corporate assets and eliminations		80,643		98,040
Reported total assets	$	800,600	$	835,439

The Company has a large and diverse

customer base, which includes numerous customers located in foreign countries.

No

 single unaffiliated customer accounted for more than

10%

of total sales in any year during the past

three

years. Sales to customers in foreign markets in

2017,

2016

and

2015

were approximately

48%,

48%

and

48%,

respectively, of total net sales. These sales were primarily to customers in Europe, Canada, Asia, Australia and Latin America. With the exception of the United States,

no

one

country represented more than

10%

of the Company’s net sales. Revenue and long-lived assets related to operations in the United States and other countries are as follows:

	FISCAL YEAR
	20 17		20 16		20 15
	(in thousands)
SALES TO UNAFFILIATED CUSTOMERS (1)
United States	$	514,783	$	501,206	$	520,375
United Kingdom		57,391		58,266		72,445
Australia		87,591		78,141		76,600
Other foreign countries		336,678		321,004		332,443
Net sales	$	996,443	$	958,617	$	1,001,863
LONG-LIVED ASSETS (2)
United States	$	76,557	$	79,365
United Kingdom		7,902		8,122
Netherlands		55,132		43,907
Australia		45,067		44,209
Thailand		16,543		16,645
China		8,361		9,675
Other foreign countries		3,083		2,585
Total long-lived assets	$	212,645	$	204,508

(

1

)

Revenue attributed to geographic areas is based on the location of the customer.

(

2

)

Long-lived assets include tangible assets physically located in foreign countries.