Note 10 - Segment Information

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE

10

– SEGMENT INFORMATION

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. Nora results are included in the

2018

figures as of the date of acquisition through the end of the

third

quarter of

2018,

and are included in our operating segments based on the geographic split of the operations.

While the Company operates as

one

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

	AMERICAS		EUROPE		ASIA- PACIFIC		TOTAL
	(in thousands)
Three Months Ended September 30, 2018:
Net Sales	$	182,660	$	88,223	$	47,442	$	318,325
Depreciation and amortization		3,373		3,181		2,144		8,698
Total assets		472,473		587,228		201,611		1,261,312
Three Months Ended October 1 , 201 7 :
Net Sales	$	148,082	$	66,677	$	42,672	$	257,431
Depreciation and amortization		3,386		1,646		2,211		7,243
Nine Months Ended September 30 , 201 8 :
Net Sales	$	494,265	$	220,645	$	127,604	$	842,514
Depreciation and amortization		10,464		7,483		6,564		24,511
Nine Months Ended October 1 , 201 7 :
Net Sales	$	433,461	$	180,506	$	116,266	$	730,233
Depreciation and amortization		10,064		4,257		6,458		20,779

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

	Three Months Ended
DEPRECIATION AND AMORTIZATION	September 30 , 201 8		October 1 , 201 7
	(In thousands)
Total segment depreciation and amortization	$	8,698	$	7,243
Corporate depreciation and amortization, and other		1,179		539
Reported depreciation and amortization	$	9,877	$	7,782

	Nine Months Ended
DEPRECIATION AND AMORTIZATION	September 30 , 201 8		October1 , 201 7
	(In thousands)
Total segment depreciation and amortization	$	24,511	$	20,779
Corporate depreciation and amortization, and other		2,556		1,424
Reported depreciation and amortization	$	27,067	$	22,203

ASSETS	September 30 , 201 8
	(In thousands)
Total segment assets	$	1,261,312
Corporate assets and eliminations		81,648
Reported total assets	$	1,342,960