SEGMENTS

6 Months Ended

Jun. 30, 2017

SEGMENTS [Abstract]

SEGMENTS

12. SEGMENTS

The Company operates in one industry with three reportable operating segments, which are geographic in nature.  The segments consist of North America, Asia and Europe.  The primary criteria by which financial performance is evaluated and resources are allocated are net sales and income from operations.  The following is a summary of key financial data:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Net Sales to External Customers:
North America	$	64,905		$	67,349		$	125,335		$	133,650
Asia		46,071			43,724			81,883			79,485
Europe		20,641			20,549			38,067			39,670
	$	131,617		$	131,622		$	245,285		$	252,805
Net Sales:
North America	$	67,970		$	70,475		$	131,125		$	139,730
Asia		70,419			66,969			126,830			126,617
Europe		23,416			23,432			43,801			45,805
Less intercompany net sales		(30,188	)		(29,254	)		(56,471	)		(59,347	)
	$	131,617		$	131,622		$	245,285		$	252,805
Income (Loss) from Operations:
North America	$	948		$	1,392		$	1,678		$	(41,796	)
Asia		5,314			5,451			6,350			(33,358	)
Europe		742			3,121			1,069			(18,290	)
	$	7,004		$	9,964		$	9,097		$	(93,444	)

Net Sales – Segment net sales are attributed to individual segments based on the geographic source of the billing for such customer sales.  Intercompany sales include finished products manufactured in foreign countries which are then transferred to the United States and Europe for sale; finished goods manufactured in the United States which are transferred to Europe and Asia for sale; and semi-finished components manufactured in the United States which are sold to Asia for further processing.

Income from operations represents net sales less operating costs and expenses and does not include any amounts related to intercompany transactions.

The following items are included in the segment data presented above:

Impairment Charges – The Company recorded a $106.0 million non-cash impairment charge related to its goodwill and trademarks during the first half of 2016 ($108.6 million recorded during the first quarter of 2016, offset by a $2.6 million reduction upon finalization of the impairment charge during the second quarter of 2016).  Of this charge, $44.0 million was recorded in the Company's North America operating segment, $41.7 million was recorded in its Asia operating segment and $20.3 million was recorded in its Europe operating segment.