SEGMENT REPORTING

ASC 280, “Disclosures About Segments of an Enterprise and Related Information,” requires that a public enterprise report financial and descriptive information about its reportable operating segments subject to certain aggregation criteria and quantitative thresholds. Operating segments are defined by ASC 280 as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-makers in deciding how to allocate resources and in assessing performance.



	2017		2016		2015
Revenue:
Automotive Products
United States	$	567,492,812	$	554,945,912	$	494,876,354
Germany	351,123,204		328,208,190		295,044,988
Japan	185,261,067		154,005,299		148,632,237
Other Countries	654,250,385		602,532,841		568,318,425
Other	36,745,110		39,232,514		36,745,702
Total	$	1,794,872,578	$	1,678,924,756	$	1,543,617,706
Income (Loss) from Operations:
Automotive Products	$	512,895,699	$	497,753,966	$	445,067,511
Other	10,462,653		13,988,969		13,698,928
Total	$	523,358,352	$	511,742,935	$	458,766,439
Assets:
Automotive Products	$	1,472,061,650	$	1,457,989,335	$	1,414,426,679
Other	9,576,514		9,384,154		9,429,994
Corporate	870,415,748		842,246,344		724,816,255
Total	$	2,352,053,912	$	2,309,619,833	$	2,148,672,928
Depreciation & Amortization:
Automotive Products	$	95,378,100	$	86,567,248	$	78,925,332
Other	300,935		290,296		306,908
Corporate	3,891,873		1,729,886		1,366,927
Total	$	99,570,908	$	88,587,430	$	80,599,167
Capital Expenditures:
Automotive Products	$	82,703,576	$	99,811,083	$	97,632,519
Other	170,357		200,262		161,247
Corporate	21,166,986		20,944,269		147,996
Total	$	104,040,919	$	120,955,614	$	97,941,762

Other includes Dimmable Aircraft Windows and Fire Protection Products. Major product line revenues included within these segments are as follows:



	2017		2016		2015
Automotive Products
Automotive Mirrors	$	1,573,222,820	$	1,456,963,758	$	1,332,791,398
HomeLink^® Modules*	184,904,648		182,728,485		174,080,606
Total Automotive Products	$	1,758,127,468	$	1,639,692,243	$	1,506,872,004

Other Products Revenue	$	36,745,110	$	39,232,513	$	36,745,702

Total Revenue	$	1,794,872,578	$	1,678,924,756	$	1,543,617,706

*Excludes HomeLink^® revenue integrated into automotive mirrors.

Corporate assets are principally cash and cash equivalents, investments, deferred income taxes and corporate fixed assets. Substantially all long-lived assets are located in the U.S.

Automotive Products revenues in the “Other” category are sales to customer automotive manufacturing plants in Korea, Mexico, Canada, Hungary, China, and the United Kingdom as well as other foreign automotive customers. Most of the Company’s non-U.S. sales are invoiced and paid in U.S. dollars. During the years ended December 31, 2017, 2016 and 2015, approximately 8%, 7% and 6% of the Company’s net sales were invoiced and paid in foreign currencies respectively.

In 2017, the Company had four automotive customers (including direct sales to OEM customers and sales through their Tier 1 suppliers), which individually accounted for 10% or more of net sales as follows:



	Toyota Motor Corporation		Volkswagen Group		Ford Motor Company		Daimler AG
2017	12	%	15	%	10	%	10	%
2016	11	%	14	%	11	%	#
2015	11	%	14	%	11	%	#

# - Less than 10 percent.