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International Operations and Geographic Information

12 Months Ended

Dec. 31, 2017

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, 2017, 2016, and 2015:

	December 31,
(in thousands)	2017				2016				2015
Net Revenue
Industrial	$	522,706			$	484,088			$	498,761
Agricultural	227,389				205,834				208,257
European	162,285				154,826				172,559
Consolidated	$	912,380			$	844,748			$	879,577
Income from Operations
Industrial	$	51,914			$	35,984			$	42,194
Agricultural	24,059				20,720				17,295
European	12,765				10,916				7,039
Consolidated	$	88,738			$	67,620			$	66,528

The following table presents the goodwill and total identifiable assets by reporting segment for the years ended December 31, 2017 and 2016:

(in thousands)	December 31, 2017				December 31, 2016
Goodwill
Industrial	$	61,682			$	56,447
Agricultural	6,357				3,489
European	16,722				14,889
Consolidated	$	84,761			$	74,825
Total Identifiable Assets
Industrial	$	369,271			$	339,064
Agricultural	141,023				111,120
European	129,377				102,592
Consolidated	$	639,671			$	552,776

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)	2017				2016				2015
Net sales	$	254,144			$	232,291			$	243,108
Income from operations	23,110				18,544				9,682
Income before income taxes	22,476				18,720				15,840
Identifiable assets	227,758				167,990				194,839

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

	December 31,
(in thousands)	2017				2016				2015
Geographic net sales:
United States	$	663,600			$	615,028			$	635,923
United Kingdom	44,416				45,184				59,621
France	86,443				79,070				80,762
Canada	52,332				48,357				44,388
Australia	12,778				13,580				13,801
Other	52,811				43,529				45,082
Total net sales	$	912,380			$	844,748			$	879,577
Geographic location of long-lived assets:
United States	$	171,048			$	166,707			$	174,811
United Kingdom	18,948				16,254				20,338
France	19,324				16,772				18,755
Canada	24,302				19,435				21,466
Australia	917				1,401				1,189
Brazil	11,558				3,621				2,742
Total long-lived assets	$	246,097			$	224,190			$	239,301

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

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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