CUSTOMER AND SUPPLIER CONCENTRATION

12 Months Ended

Dec. 31, 2015

Risks and Uncertainties [Abstract]

CUSTOMER AND SUPPLIER CONCENTRATION

CUSTOMER AND SUPPLIER CONCENTRATION

Direct sales to our top three customers, Spirit AeroSystems, Gulfstream Aerospace Corporation, and The Boeing Company accounted for 34.7%, 14.2% and 11.6% of our total revenues in 2015, respectively.  These revenues are reported by both the Aerostructures and Engineering Services segments.  Accounts receivable balances related to these customers were 28.6%, 15.5%, and 10.2%, of the accounts receivable balance at December 31, 2015, respectively.

Direct sales to our top three customers, Spirit AeroSystems, Gulfstream Aerospace Corporation and The Boeing Company, accounted for 34.3%, 15.0% and 10.6% of our total revenues in 2014, respectively.  These revenues are reported by both the Aerostructures and Engineering Services segments.  Accounts receivable balances related to these customers were 33.3%, 13.1% and 7.4% of the accounts receivable balance at December 31, 2014, respectively.

Direct sales to our top three customers, Spirit AeroSystems, Gulfstream Aerospace Corporation, and The Boeing Company, accounted for 28.5%, 14.6%, and 14.4% of our total revenues in 2013, respectively.  These revenues are reported by both the Aerostructures and Engineering Services segments. Accounts receivable balances related to these customers were 27.8%, 8.5% and 5.7% of the accounts receivable balance at December 31, 2013, respectively.

The Company did not have any sales to a foreign country greater than 10% of its total sales in 2015, 2014 and 2013.  The amounts of profitability and identifiable assets attributable to foreign sales activity are not material when compared with revenue, profitability, and identifiable assets attributed to United States domestic operations during 2015, 2014 and 2013.

The Company purchased approximately 43.6%, 47.3% and 44.3% of the raw materials and procured parts from its largest five suppliers in 2015, 2014, and 2013, respectively.