SEGMENTS

3 Months Ended

Mar. 31, 2019

SEGMENTS [Abstract]

SEGMENTS

14. 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 (loss) from operations.  The following is a summary of key financial data:

	Three Months Ended
	March 31,
	2019			2018
Net Sales to External Customers:
North America	$	64,587		$	59,457
Asia		37,277			38,620
Europe		23,525			20,174
	$	125,389		$	118,251
Net Sales:
North America	$	67,474		$	62,570
Asia		62,309			56,139
Europe		26,864			24,312
Less intercompany net sales		(31,258	)		(24,770	)
	$	125,389		$	118,251
Income (Loss) from Operations:
North America	$	(493	)	$	(302	)
Asia		1,014			(85	)
Europe		2,295			824
	$	2,816		$	437

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