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Segment Information
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Company is organized into three reportable segments. The segments 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, which the Company believes is not significant to its overall performance, comprising the Company’s operations in China, Hong Kong, the South Pacific and the Middle East. 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, the production processes, the distribution channels and the product applications.
 
The Company’s measure of profit or loss for its reportable segments is income (loss) from operations. The reconciling amount between consolidated income before tax and consolidated income from operations is interest expense, which is primarily attributed to the "Administrative and all other" segment.

The following tables illustrate certain measurements used by management to assess the performance as of or for the following periods: 

 
Three Months Ended March 31,
(in thousands)
2017
 
2016
Net Sales
 

 
 

North America
$
183,772

 
$
174,454

Europe
34,381

 
23,698

Asia/Pacific
1,714

 
1,371

Total
$
219,867

 
$
199,523

Sales to Other Segments*
 

 
 

North America
$
850

 
$
501

Europe
147

 
92

Asia/Pacific
4,949

 
5,181

Total
$
5,946

 
$
5,774

Income (Loss) from Operations
 

 
 

North America
$
26,767

 
$
30,452

Europe
(1,835
)
 
(1,618
)
Asia/Pacific
(195
)
 
155

Administrative and all other
(2,107
)
 
(2,348
)
Total
$
22,630

 
$
26,641

            
* The sales to other segments are eliminated in consolidation.
 
 
 
 
 
 
At
 
At March 31,
 
December 31,
(in thousands)
2017
 
2016
 
2016
Total Assets
 

 
 

 
 

North America
$
877,408

 
$
771,732

 
$
853,826

Europe
187,614

 
171,352

 
165,121

Asia/Pacific
25,944

 
25,915

 
25,118

Administrative and all other
(72,766
)
 
(38
)
 
(64,091
)
Total
$
1,018,200

 
$
968,961

 
$
979,974


 
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 $92.1 million, $153.0 million, and $137.4 million, as of March 31, 2017 and 2016, and December 31, 2016, 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, presented as additional information, the following table illustrates the distribution of the Company’s net sales by product group for the following periods:
 
Three Months Ended March 31,
(in thousands)
2017
 
2016
 
 
 
 
Wood construction products
$
190,877

 
$
171,777

Concrete construction products
28,817

 
27,745

Other
173

 
1

Total
$
219,867

 
$
199,523



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.