Segment Information

The Company is organized into three reportable segments, which are defined by the regions where the Company’s products are manufactured, marketed and distributed to the Company’s customers. The three regional segments are the North America segment, comprising primarily the United States and Canada; the Europe segment, comprising continental Europe and the United Kingdom; and the Asia/Pacific segment, comprising the Company’s operations in China, Hong Kong, the South Pacific, South Africa and the Middle East. China and Hong Kong operations are manufacturing and administrative support locations, respectively. These three reportable segments are similar in several ways, including the types of materials used in production, production processes, distribution channels and product applications. The Company’s measure of profit or loss for its reportable segments is income (loss) from operations.

The following tables illustrate certain measurements used by management to assess the performance of its reportable segments as of or for the following periods:



	Three Months Ended March 31,
(in thousands)	2018			2017
Net Sales
North America	$	206,212		$	183,772
Europe	36,293			34,381
Asia/Pacific	2,274			1,714
Total	$	244,779		$	219,867
Sales to Other Segments*
North America	$	628		$	850
Europe	349			147
Asia/Pacific	6,524			4,949
Total	$	7,501		$	5,946
Income (Loss) from Operations
North America	$	35,968		$	26,767
Europe	(1,647		)	(1,835		)
Asia/Pacific	151			(195		)
Administrative and all other	(1,676		)	(2,107		)
Total	$	32,796		$	22,630

* Sales to other segments are eliminated in consolidation.



							At
	At March 31,						December 31,
(in thousands)	2018			2017			2017
Total Assets
North America	$	982,149		$	877,408		$	953,033
Europe	213,259			187,614			208,640
Asia/Pacific	28,461			25,944			26,820
Administrative and all other	(183,527		)	(72,766		)	(150,970		)
Total	$	1,040,342		$	1,018,200		$	1,037,523

Cash collected by the Company’s United States subsidiaries is routinely transferred into the Company’s cash management accounts and, therefore, has been included in the total assets of “Administrative and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $53.4 million, $92.1 million, and $80.2 million, as of March 31, 2018 and 2017, and December 31, 2017, respectively. Total "Administrative and all other" assets are net of inter-segment due to and from accounts eliminated in consolidation.

While the Company manages its business by geographic segment, the following table illustrates the distribution of the Company’s net sales by product group as additional information for the following periods:



	Three Months Ended March 31,
(in thousands)	2018		2017

Wood construction products	$	212,547	$	190,877
Concrete construction products	32,156		28,817
Other	76		173
Total	$	244,779	$	219,867

Wood construction products include connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls, and are used for connecting and strengthening wood-based construction primarily in the residential construction market. Concrete construction products include adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforcing materials, and are used for restoration, protection or strengthening concrete, masonry and steel construction in residential, industrial, commercial and infrastructure construction.