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SEGMENTS
 9 Months Ended
Sep. 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
  
Nine Months Ended
 
 
 
September 30,
  
September 30,
 
 
 
2017
  
2016
  
2017
  
2016
 
Net Sales to External Customers:
            
    North America
 
$
59,537
  
$
63,305
  
$
184,873
  
$
196,955
 
    Asia
  
45,919
   
47,188
   
127,801
   
126,673
 
    Europe
  
20,930
   
18,316
   
58,997
   
57,986
 
 
 
$
126,386
  
$
128,809
  
$
371,671
  
$
381,614
 
 
                
Net Sales:
                
North America
 
$
62,348
  
$
66,503
  
$
193,473
  
$
206,232
 
Asia
  
66,534
   
71,334
   
193,364
   
197,952
 
Europe
  
23,633
   
21,417
   
67,434
   
67,222
 
Less intercompany net sales
  
(26,129
)
  
(30,445
)
  
(82,600
)
  
(89,792
)
 
 
$
126,386
  
$
128,809
  
$
371,671
  
$
381,614
 
 
                
Income (Loss) from Operations:
                
North America
 
$
104
  
$
693
  
$
1,781
  
$
(41,103
)
Asia
  
5,408
   
8,332
   
11,759
   
(25,026
)
Europe
  
1,020
   
284
   
2,090
   
(18,006
)
 
 
$
6,532
  
$
9,309
  
$
15,630
  
$
(84,135
)

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.  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.