Note 11 - Segment Information

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE 11 – 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.

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)
Three Months Ended June 30, 2019:
Net Sales	$	207,250	$	95,665	$	54,592	$	357,507
Depreciation and amortization		3,300		4,651		2,108		10,059
Total assets		652,647		562,835		191,207		1,406,689
Three Months Ended July 1, 2018:
Net Sales	$	176,380	$	65,865	$	41,381	$	283,626
Depreciation and amortization		3,480		2,048		2,212		7,740
Six Months Ended June 30, 2019:
Net Sales	$	367,876	$	188,715	$	98,604	$	655,195
Depreciation and amortization		6,551		9,331		4,240		20,122
Six Months Ended July 1, 2018:
Net Sales	$	311,605	$	132,421	$	80,163	$	524,189
Depreciation and amortization		7,091		4,302		4,420		15,813

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	June 30, 2019		July 1, 2018
	(In thousands)
Total segment depreciation and amortization	$	10,059	$	7,740
Corporate depreciation and amortization		1,295		719
Reported depreciation and amortization	$	11,354	$	8,459

	Six Months Ended
DEPRECIATION AND AMORTIZATION	June 30, 2019		July 1, 2018
	(In thousands)
Total segment depreciation and amortization	$	20,122	$	15,813
Corporate depreciation and amortization		2,576		1,377
Reported depreciation and amortization	$	22,698	$	17,190

ASSETS	June 30, 2019
	(In thousands)
Total segment assets	$	1,406,689
Corporate assets and eliminations		47,604
Reported total assets	$	1,454,293