NOTE 6 - BUSINESS SEGMENTS

As a result of our 2017 acquisition of Uniwheels, the Company expanded into the European market and extended its customer base to include the principal European OEMs. As a consequence, we have realigned our executive management structure, organization and operations to focus on our performance in the North American and European regions. In accordance with the requirements of ASC Topic 280, “Segment Reporting,” we have concluded that our North American and European businesses represent separate operating segments in view of significantly different markets, customers and products within each of these regions. Each operating segment has discrete financial information which is evaluated regularly by the Company’s CEO in determining resource allocation and assessing performance. Within each of these regions, markets, customers, products and production processes are similar and production can be readily transferred between production facilities. Moreover, our business within each region leverages common systems, processes and infrastructure. Accordingly, North America and Europe comprise the Company’s reportable segments for purposes of segment reporting.


(Dollars in thousands)	Net Sales						Income from Operations
	2018		2017		2016		2018		2017		2016
North America	$	800,383	$	732,418	$	732,677	$	29,702	$	9,808	$	54,602
Europe		701,444		375,637		—		56,103		11,710		—

	$	1,501,827	$	1,108,055	$	732,677	$	85,805	$	21,518	$	54,602


(Dollars in thousands)	Depreciation and Amortization						Capital Expenditures
	2018		2017		2016		2018		2017		2016
North America	$	33,588	$	35,931	$	34,261	$	37,476	$	47,493	$	39,575
Europe		61,468		33,404		—		40,221		23,444		—

	$	95,056	$	69,335	$	34,261	$	77,697	$	70,937	$	39,575


(Dollars in thousands)
	Property, Plant, and Equipment, net				Goodwill and Intangible Assets
	2018		2017		2018		2017
North America	$	249,791	$	245,178	$	—	$	—
Europe		282,976		291,508		459,803		508,278

	$	532,767	$	536,686	$	459,803	$	508,278


(Dollars in thousands)	Total Assets
	2018		2017
North America	$	484,682	$	519,192
Europe		966,934		1,032,060

	$	1,451,616	$	1,551,252

Geographic information

Net sales by geographic location:


Year Ended December 31,	2018		2017		2016
(Dollars in thousands)
Net sales:
U.S.	$	127,178	$	124,711	$	120,395
Mexico		673,205		607,707		612,282
Germany		279,631		155,227		—
Poland		421,813		220,410		—

Consolidated net sales	$	1,501,827	$	1,108,055	$	732,677