Note

Business Segments

We are currently organized and managed in

four

reporting segments: the Greens Creek unit, the Lucky Friday unit, the Casa Berardi unit and the San Sebastian unit.

General corporate activities

not

associated with operating units and their various exploration activities, as well as discontinued operations and idle properties, are presented as “other.”

Interest expense, interest income and income taxes are considered general corporate items, and are

not

allocated to our segments.

The following tables present information about reportable segments for the

three

and

nine

months ended

September

30,

2017

and

2016

(in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Net sales to unaffiliated customers:
Greens Creek	$	61,061		$	85,804		$	191,250		$	199,260
Lucky Friday (1)		199			26,140			20,022			70,152
Casa Berardi		53,990			41,131			139,524			126,614
San Sebastian		25,589			26,318			66,866			85,686
	$	140,839		$	179,393		$	417,662		$	481,712
Income (loss) from operations:
Greens Creek	$	16,575		$	26,498		$	46,107		$	49,407
Lucky Friday		(4,642	)		6,652			(8,974	)		13,442
Casa Berardi		2,882			3,691			(1,071	)		16,246
San Sebastian		17,017			18,415			42,363			58,911
Other		(10,890	)		(17,016	)		(37,637	)		(42,584	)
	$	20,942		$	38,240		$	40,788		$	95,422

(

)

The

$0.2

million in sales reported for Lucky Friday for the

third

quarter of

2017

represents gains on base metal derivatives contracts.

The following table presents identifiable assets by reportable segment as of

September

30,

2017

and

December

31,

2016

(in thousands):

	September 30, 2017		December 31, 2016
Identifiable assets:
Greens Creek	$	666,463	$	681,303
Lucky Friday		432,752		442,829
Casa Berardi		814,053		806,044
San Sebastian		55,395		33,608
Other		427,520		407,893
	$	2,396,183	$	2,371,677

The sales and income (loss) from operations amounts reported above include results from our Lucky Friday segment. The Lucky Friday mine is our only operation where some of our employees are subject to a collective bargaining agreement, and the most recent agreement expired on

April 30, 2016.

February 19, 2017,

the unionized employees voted against our contract offer. On

March 13, 2017,

the unionized employees went on strike and have been on strike since that time. Production at Lucky Friday was suspended from the start of the strike until

July 2017,

when limited production resumed. For the

first

nine

months of

2017,

suspension costs

not

related to production of

$11.1

million, along with

$3.3

million in non-cash depreciation expense, are reported in a separate line item on our unaudited condensed consolidated statement of operations. We cannot predict how long the strike will last or whether an agreement will be reached. As a result of the strike or other related events, operations at Lucky Friday could continue to be disrupted, which could adversely affect our financial condition and results of operations.