Segment Information | Segment Information The Company is organized into three reportable segments, which are defined by the regions where the Company’s products are manufactured, marketed and distributed to the Company’s customers. The three regional segments are the North America segment, comprising primarily the United States and Canada; the Europe segment, comprising continental Europe and the United Kingdom; and the Asia/Pacific segment, comprising the Company’s operations in China, Hong Kong, the South Pacific and the Middle East. The Company's China and Hong Kong operations are manufacturing and administrative support locations, respectively. These three reportable segments are similar in several ways, including the types of materials used in production, production processes, distribution channels and product applications. The Company’s measure of profit or loss for its reportable segments is income (loss) from operations. The following tables illustrate certain measurements used by management to assess the performance of its reportable segments as of or for the following periods: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2019 2018 2019 2018 Net Sales North America $ 259,073 $ 259,822 $ 480,504 $ 466,034 Europe 43,648 45,784 79,428 82,077 Asia/Pacific 2,132 2,401 4,165 4,675 Total $ 304,853 $ 308,007 $ 564,097 $ 552,786 Sales to Other Segments* North America $ 466 $ 578 $ 807 $ 1,206 Europe 631 251 1,089 600 Asia/Pacific 7,276 6,797 13,672 13,321 Total $ 8,373 $ 7,626 $ 15,568 $ 15,127 Income (Loss) from Operations** North America $ 50,100 $ 59,991 $ 82,864 $ 96,444 Europe 4,725 3,688 4,341 2,099 Asia/Pacific 248 (673 ) (294 ) (1,663 ) Administrative and all other (1,420 ) (1,573 ) (3,235 ) (2,763 ) Total $ 53,653 $ 61,433 $ 83,676 $ 94,117 * Sales to other segments are eliminated in consolidation. ** Beginning in the first quarter of 2019, income from inter-segment sales, previously included in income from operations for segment reporting, is now presented below income from operations. Income from inter-segment sales is eliminated in consolidation but was an expense in the North America and Europe segment and income in the Asia/Pacific segment. At At June 30, December 31, (in thousands) 2019 2018 2018 Total Assets North America $ 1,194,318 $ 1,042,765 $ 1,119,012 Europe 173,791 208,609 157,437 Asia/Pacific 27,453 28,620 25,644 Administrative and all other (325,644 ) (194,107 ) (280,430 ) Total $ 1,069,918 $ 1,085,887 $ 1,021,663 Cash collected by the Company’s United States subsidiaries is routinely transferred into the Company’s cash management accounts and, therefore, has been included in the total assets of “Administrative and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $98.4 million , $71.8 million , and $113.6 million , as of June 30, 2019 and 2018 , and December 31, 2018 , respectively. Total "Administrative and all other" assets are net of inter-segment due to and from accounts eliminated in consolidation. While the Company manages its business by geographic segment, the following table illustrates the distribution of the Company’s net sales by product group as additional information for the following periods: Three Months Ended June 30, (in thousands) 2019 2018 Wood construction products $ 258,416 $ 260,103 Concrete construction products 46,360 47,859 Other 77 45 Total $ 304,853 $ 308,007 Wood construction products include connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls, and are used for connecting and strengthening wood-based construction primarily in the residential construction market. Concrete construction products include adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforcing materials, and are used for restoration, protection or strengthening concrete, masonry and steel construction in residential, industrial, commercial and infrastructure construction. The Company’s largest customer, attributable mostly to the North America segment, accounted for 12.4% and 11.5% of net sales for three and six months ending June 30, 2019 , respectively, and 12.0% and 10.9% of net sales, accounted for the three and six months ended June 30, 2018 . |