16. Segments

The Company operates through two operating segments for which separate financial information is available, and for which operating results are evaluated regularly by the Company's chief operating decision maker in determining resource allocation and assessing performance. The Company’s two current reportable business segments are described below.

Work Truck Attachments. The Work Truck Attachments segment includes snow and ice management attachments sold under the FISHER®, WESTERN®, HENDERSON® and SNOWEX® brands. This segment consists of the Company’s operations that, prior to the acquisition of Dejana, was a single operating segment, consisting of the manufacture and sale of snow and ice control products.

Work Truck Solutions. The Work Truck Solutions segment, which was created as a result of the Dejana acquisition, includes the upfit of market leading attachments and storage solutions for commercial work vehicles under the DEJANA® brand and its related sub-brands.

Segment performance is evaluated based on segment net sales and adjusted EBITDA. Items not allocated to segment operating income include corporate administrative expenses and certain other amounts that include various support functions, such as information technology, corporate finance, legal, executive administration and human resources. No single customer’s revenues amounted to 10% or more of the Company’s total revenue. Sales are primarily within the United States and substantially all assets are located within the United States.

Historically, sales from Work Truck Attachments to Work Truck Solutions were recorded at third party pricing. In 2018, sales between Work Truck Attachments and Work Truck Solutions reflect the Company’s intercompany pricing policy. The following table shows summarized financial information concerning the Company’s reportable segments:




		2018		2017		2016

Net sales
Work Truck Attachments	$	379,636	$	350,564	$	360,638
Work Truck Solutions		154,064		137,770		65,044
Corporate & Eliminations		(9,633)		(13,407)		(9,414)
	$	524,067	$	474,927	$	416,268
Adjusted EBITDA
Work Truck Attachments	$	95,766	$	90,287	$	96,565
Work Truck Solutions		12,710		14,155		8,254
Corporate & Eliminations		(12,033)		(13,515)		(13,372)
	$	96,443	$	90,927	$	91,447
Depreciation and amortization expense
Work Truck Attachments	$	12,668	$	12,437	$	12,281
Work Truck Solutions		6,314		6,004		4,264
Corporate & Eliminations		103		143		197
	$	19,085	$	18,584	$	16,742
Assets
Work Truck Attachments	$	427,563	$	425,148	$	439,937
Work Truck Solutions		212,132		220,211		203,811
Corporate & Eliminations		36,498		39,817		22,425
	$	676,193	$	685,176	$	666,173
Capital expenditures
Work Truck Attachments	$	7,814	$	6,408	$	8,752
Work Truck Solutions		2,034		1,972		1,078
	$	9,848	$	8,380	$	9,830