International Operations and Geographic Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

INTERNATIONAL OPERATIONS AND GEOGRAPHIC INFORMATION

SEGMENT REPORTING

The Company has three reportable segments: Industrial, Agricultural and European. The Company’s sales are principally within the United States, United Kingdom, France, Canada and Australia. The Company sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets.

The Company has included a summary of the financial information by reporting segment. The following table presents the revenues and income from operations by reporting segment for the years ended December 31, 2016, 2015, and 2014:

	December 31,
(in thousands)	2016		2015		2014
Net Revenue
Industrial	$	484,088	$	498,761	$	436,018
Agricultural	205,834		208,257		214,326
European	154,826		172,559		188,711
Consolidated	$	844,748	$	879,577	$	839,055
Income from Operations
Industrial	$	35,984	$	42,194	$	39,377
Agricultural	20,720		17,295		11,714
European	10,916		7,039		11,573
Consolidated	$	67,620	$	66,528	$	62,664

The following table presents the goodwill and total identifiable assets by reporting segment for the years ended December 31, 2016 and 2015:

(in thousands)	December 31, 2016		December 31, 2015
Goodwill
Industrial	$	56,447	$	56,293
Agricultural	3,489		2,984
European	14,889		16,232
Consolidated	$	74,825	$	75,509
Total Identifiable Assets
Industrial	$	339,064	$	370,642
Agricultural	111,120		110,489
European	102,592		122,372
Consolidated	$	552,776	$	603,503

INTERNATIONAL OPERATIONS AND GEOGRAPHIC INFORMATION

Following is selected financial information on the Company’s international operations which include Europe, Canada and Australia:

	December 31,
(in thousands)	2016		2015		2014
Net sales	$	232,291	$	243,108	$	260,874
Income from operations	18,544		9,682		15,840
Income before income taxes	18,720		15,840		17,315
Identifiable assets	167,990		194,839		219,036

Following is other selected geographic financial information on the Company’s operations:

	December 31,
(in thousands)	2016		2015		2014
Geographic net sales:
United States	$	615,028	$	635,923	$	571,817
United Kingdom	45,184		59,621		58,976
France	79,070		80,762		93,699
Canada	48,357		44,388		54,087
Australia	13,580		13,801		13,702
Other	43,529		45,082		46,774
Total net sales	$	844,748	$	879,577	$	839,055
Geographic location of long-lived assets:
United States	$	166,707	$	174,811	$	168,404
United Kingdom	16,254		20,338		20,840
France	16,772		18,755		21,728
Canada	19,435		21,466		23,354
Australia	1,401		1,189		1,358
Brazil	3,621		2,742		—
Total long-lived assets	$	224,190	$	239,301	$	235,684

Net sales are attributed to countries based on the location of customers.