Segment Information

We are organized into six geographic operating segments based on management responsibilities. The operating segments have been aggregated (based on economic similarities, the nature of their products, end-user markets and methods of distribution) into three reportable segments: Americas, International, and Corporate.

The Americas and International segments were established on January 1, 2016. The Americas segment is comprised of our operations in North America and Latin America geographies. The International segment is comprised of our operations of all geographies outside of the Americas. Certain global expenses are allocated to each segment in a manner consistent with where the benefits from the expenses are derived.

The Company's sales are allocated to each country based primarily on the destination of the end-customer.

Adjusted operating income (loss) and adjusted operating margin are the measures used by the chief operating decision maker to evaluate segment performance and allocate resources. Adjusted operating income (loss) is defined as operating income from continuing operations excluding restructuring charges, currency exchange gains (losses) and other operating expense. Adjusted operating margin is defined as adjusted operating income (loss) divided by segment sales to external customers. Adjusted operating income (loss) and adjusted operating margin are not recognized terms under GAAP and therefore do not purport to be alternatives to operating income or operating margin from continuing operations as a measure of operating performance. Further, the Company's measure of adjusted operating income (loss) and adjusted operating margin may not be comparable to similarly titled measures of other companies. Adjusted operating income (loss) on a consolidated basis is presented in the following table to reconcile the segment operating performance measure to operating income as presented on the Condensed Consolidated Statement of Income.

The accounting principles applied at the operating segment level in determining operating income (loss) are generally the same as those applied at the consolidated financial statement level. Sales and transfers between operating segments are accounted for at market-based transaction prices and are eliminated in consolidation.

Reportable segment information is presented in the following table:



(In thousands)	Americas			International			Corporate			Reconciling Items₁			Consolidated Totals
Three Months Ended September 30, 2017
Sales to external customers	$	186,898		$	109,231		$	—		$	—		$	296,129
Intercompany sales	31,451			72,496			—			(103,947		)	—
Operating income													40,617
Restructuring and other charges													3,214
Currency exchange losses, net													562
Other operating expense (Note 18)													3,346
Adjusted operating income (loss)	47,256			9,077			(8,594		)	—			47,739
Adjusted operating margin %	25.3		%	8.3		%
Total Assets	$	1,037,690		$	542,542		$	10,862		$	4,123		$	1,595,217
Nine Months Ended September 30, 2017
Sales to external customers	$	528,426		$	322,243		$	—		$	—		$	850,669
Intercompany sales	93,904			218,267			—			(312,171		)	—
Operating income													74,341
Restructuring and other charges													16,920
Currency exchange losses, net													3,994
Other operating expense (Note 18)													32,956
Adjusted operating income (loss)	130,887			26,691			(29,367		)	—			128,211
Adjusted operating margin %	24.8		%	8.3		%
Total Assets	$	1,037,690		$	542,542		$	10,862		$	4,123		$	1,595,217



(In thousands)	Americas			International			Corporate			Reconciling Items₁			Consolidated Totals
Three Months Ended September 30, 2016
Sales to external customers	$	165,359		$	112,874		$	—		$	—		$	278,233
Intercompany sales	28,324			65,098			—			(93,422		)	—
Operating income													40,022
Restructuring and other charges													1,889
Currency exchange losses, net													790
Other operating expense (Note 18)													—
Adjusted operating income (loss)	41,458			10,511			(9,268		)	—			42,701
Adjusted operating margin %	25.1		%	9.3		%
Total Assets	$	885,416		$	533,868		$	3,829		$	4,833		$	1,427,946
Nine Months Ended September 30, 2016
Sales to external customers	$	510,324		$	343,175		$	—		$	—		$	853,499
Intercompany sales	86,194			195,435			—			(281,629		)	—
Operating income													116,648
Restructuring and other charges													3,697
Currency exchange losses, net													2,498
Other operating expense (Note 18)													—
Adjusted operating income (loss)	117,475			31,659			(26,291		)	—			122,843
Adjusted operating margin %	23.0		%	9.2		%
Total Assets	$	885,416		$	533,868		$	3,829		$	4,833		$	1,427,946

₁Reconciling items consist primarily of intercompany eliminations and items not directly attributable to reporting segments.

The percentage of total sales by product group were as follows:



Three Months Ended September 30,	2017	2016
Breathing Apparatus	22%	24%
Fixed Gas & Flame Detection	21%	22%
Portable Gas Detection	12%	13%
Industrial Head Protection	12%	11%
Fall Protection	8%	9%
Firefighter Helmets & Protective Apparel	11%	4%
Other	14%	17%



Nine Months Ended September 30,	2017	2016
Breathing Apparatus	24%	26%
Fixed Gas & Flame Detection	20%	20%
Portable Gas Detection	13%	13%
Industrial Head Protection	12%	10%
Fall Protection	8%	9%
Firefighter Helmets & Protective Apparel	7%	5%
Other	16%	17%