Segment Reporting and Geographic Locations

In the quarter ended December 31, 2018, we completed a strategic reorganization of our operations into two business segments, Electrical Systems and Global Seating. As a result of the strategic reorganization, we restated prior period segment information to conform to the current period segment presentation.

Operating segments are defined as components of an enterprise that are evaluated regularly by the Company’s CODM, which is our President and Chief Executive Officer. Prior period segment information has been restated to conform to the current period segment presentation. Each of these segments consists of a number of manufacturing facilities. Certain of our facilities manufacture and sell products through both of our segments. Each manufacturing facility that sells products through both segments is reflected in the financial results of the segment that has the greatest amount of sales from that manufacturing facility. Our segments are more specifically described below.

The Electrical Systems Segment manufactures and sells the following products:


•	Wire harness assemblies primarily for construction, agricultural, industrial, automotive, truck, mining and military industries in North America, Europe and Asia-Pacific;


•	Trim primarily for the North America MD/HD Truck market;


•	Mirrors, wipers and controls primarily for the truck, bus, agriculture, construction, rail and military markets in North America and Europe;


•	Cab structures for the North American MD/HD Truck market; and


•	Aftermarket components in North America.

The Global Seating Segment manufactures and sells Seats as follows:


•	Seats primarily to the MD/HD Truck, construction, agriculture and mining markets in North America, Asia-Pacific and Europe;


•	Office seating in Europe and Asia-Pacific; and


•	Aftermarket seats and components in North America, Europe and Asia-Pacific.

Corporate expenses consist of certain overhead and shared costs that are not directly attributable to the operations of a segment. For purposes of business segment performance measurement, some of these costs that are for the benefit of the operations are allocated based on a combination of methodologies. The costs that are not allocated to a segment are considered stewardship costs and remain at corporate in our segment reporting.

The following table presents segment revenues, gross profit, amortization expense, selling, general and administrative expenses, operating income, capital expenditures and depreciation expense for the year ended December 31, 2018.



	For the year ended December 31, 2018
	Electrical Systems		Global Seating		Corporate/ Other			Total
Revenues
External revenues	$	503,717	$	394,020	$	—		$	897,737
Intersegment revenues	9,037		3,481		(12,518		)	—
Total revenues	$	512,754	$	397,501	$	(12,518	)	$	897,737
Gross profit	$	75,184	$	54,231	$	(563	)	$	128,852
Selling, general & administrative expenses	15,390		22,433		22,856			60,679
Amortization Expense	747		553		—			1,300
Operating income	$	59,047	$	31,245	$	(23,419	)	$	66,873

Capital Expenditures and Depreciation Expense:
Capital expenditures	$	8,831	$	3,579	$	2,140		$	14,550
Depreciation Expense	$	6,919	$	4,604	$	2,595		$	14,118

The following table presents segment revenues, gross profit, amortization expense, selling, general and administrative expenses, operating income, capital expenditures, depreciation expense and other items for the year ended December 31, 2017. The table does not include assets as the CODM does not review assets by segment.



	For the year ended December 31, 2017
	Electrical Systems		Global Seating		Corporate/ Other			Total
Revenues
External revenues	$	427,476	$	327,755	$	—		$	755,231
Intersegment revenues	6,922		1,761		(8,683		)	—
Total revenues	$	434,398	$	329,516	$	(8,683	)	$	755,231
Gross profit	$	52,011	$	40,722	$	(1,015	)	$	91,718
Selling, general & administrative expenses	15,757		21,585		22,205			59,547
Amortization Expense	746		574		—			1,320
Operating income	$	35,508	$	18,563	$	(23,220	)	$	30,851

Capital Expenditures and Depreciation Expense:
Capital expenditures	$	6,744	$	4,870	$	1,953		$	13,567
Depreciation Expense	$	7,381	$	3,910	$	2,733		$	14,024
Other Items ¹	$	1,835	$	88	$	2,377		$	4,300

¹Other items include costs associated with restructuring activities, including employee severance and retention costs, lease cancellation costs, building repairs, costs to transfer equipment, and litigation settlement costs associated with a consulting contract.

The following table presents segment revenues, gross profit, amortization expense, selling, general and administrative expenses, operating income, capital expenditures, depreciation expense and other items as of and for the year ended December 31, 2016. The table does not include assets as the CODM does not review assets by segment.



	For the year ended December 31, 2016
	Electrical Systems		Global Seating		Corporate/ Other			Total
Revenues
External revenues	$	371,537	$	290,575	$	—		$	662,112
Intersegment revenues	4,524		338		(4,862		)	—
Total revenues	$	376,061	$	290,913	$	(4,862	)	$	662,112
Gross profit	$	54,611	$	33,090	$	(998	)	$	86,703
Selling, general & administrative expenses	17,443		22,697		20,342			60,482
Amortization Expense	746		559		—			1,305
Operating income	$	36,422	$	9,834	$	(21,340	)	$	24,916

Capital Expenditures and Depreciation Expense:
Capital expenditures	$	5,940	$	5,053	$	924		$	11,917
Depreciation Expense	$	7,747	$	5,074	$	2,325		$	15,146
Other Items ¹	$	2,505	$	930	$	688		$	4,123

The following table presents revenues and long-lived assets for the geographic areas in which we operate:



	Years Ended December 31,
	2018				2017				2016
	Revenues		Long-lived Assets		Revenues		Long-lived Assets		Revenues		Long-lived Assets
United States	$	670,075	$	50,872	$	560,412	$	50,207	$	496,473	$	54,334
All other countries	227,662		14,227		194,819		14,423		165,639		11,707
	$	897,737	$	65,099	$	755,231	$	64,630	$	662,112	$	66,041

Revenues are attributed to geographic locations based on the geography from which the legal entity operates.

The following is the composition, by product category, of our revenues:



	Years Ended December 31,
	2018				2017				2016
	Revenues		%		Revenues		%		Revenues		%
Seats and seating systems	$	369,337	41	%	$	314,717	42	%	$	280,575	42	%
Electrical wire harnesses and panel assemblies	196,411		22		189,154		25		149,417		23
Trim systems and components	195,427		22		150,228		20		132,623		20
Cab structures and sleeper boxes	76,380		9		56,417		7		57,605		9
Mirrors, wipers and controls	60,182		6		44,715		6		41,892		6
	$	897,737	100		$	755,231	100		$	662,112	100