NOTE

–

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. Nora results are included in the

2018

figures as of the date of acquisition through the end 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.

Summary information by operating segment follows:

	AMERICAS		EUROPE		ASIA- PACIFIC		TOTAL
	(in thousands)
2018
Net Sales	$	682,261	$	319,677	$	177,635	$	1,179,573
Depreciation and amortization		13,732		12,862		8,567		35,161
Total assets		482,510		546,758		200,684		1,229,952

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

20 1 6
Net Sales	$	568,138	$	241,463	$	149,016	$	958,617
Depreciation and amortization		14,639		5,698		8,729		29,066

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

	FISCAL YEAR ENDED
	2018		2017		2016
	(in thousands)
DEPRECIATION AND AMORTIZATION
Total segment depreciation and amortization	$	35,161	$	28,259	$	29,066
Corporate depreciation and amortization		3,923		2,002		1,566

Reported depreciation and amortization	$	39,084	$	30,261	$	30,632


ASSETS
Total segment assets	$	1,229,952	$	719,957
Corporate assets and eliminations		54,692		80,643

Reported total assets	$	1,284,644	$	800,600

The Company has a large and diverse customer base, which includes numerous customers located in foreign countries.

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

2018,

2017

and

2016

were approximately

49%,

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,

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
	2018		2017		2016
	(in thousands)
SALES TO UNAFFILIATED CUSTOMERS (1)
United States	$	600,093	$	514,783	$	501,206
United Kingdom		65,406		57,391		58,266
Australia		83,034		87,591		78,141
Germany		75,958		36,696		30,968
China		43,708		28,279		31,340
Other foreign countries		311,374		271,703		258,696

Net sales	$	1,179,573	$	996,443	$	958,617

LONG-LIVED ASSETS (2)
United States	$	88,336	$	76,557
United Kingdom		6,288		7,902
Netherlands		49,935		55,132
Germany		83,874		0
Australia		38,928		45,067
Thailand		15,124		16,543
China		6,703		8,361
Other foreign countries		3,700		3,083

Total long-lived assets	$	292,888	$	212,645

(

)

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

(

)

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