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SEGMENTS | 6 Months Ended
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Jun. 30, 2019
SEGMENTS [Abstract] |
SEGMENTS | 14. SEGMENTS The Company operates in one industry with three reportable operating segments, which are geographic in nature. The segments consist of North America, Asia and Europe. The primary criteria by which financial performance is evaluated and resources are allocated are net sales and income from operations. The following is a summary of key financial data:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Net Sales to External Customers: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 67,066 |  |  | $ | 71,240 |  |  | $ | 131,653 |  |  | $ | 130,696 |
Asia |  |  | 39,324 |  |  |  | 45,914 |  |  |  | 76,601 |  |  |  | 84,535 |
Europe |  |  | 21,026 |  |  |  | 23,556 |  |  |  | 44,551 |  |  |  | 43,730 |
|  | $ | 127,416 |  |  | $ | 140,710 |  |  | $ | 252,805 |  |  | $ | 258,961 |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 69,450 |  |  | $ | 74,602 |  |  | $ | 136,923 |  |  | $ | 137,173 |
Asia |  |  | 63,062 |  |  |  | 70,005 |  |  |  | 125,372 |  |  |  | 126,144 |
Europe |  |  | 25,734 |  |  |  | 27,630 |  |  |  | 52,598 |  |  |  | 51,942 |
Less intercompany net sales |  |  | (30,830 | ) |  |  | (31,527 | ) |  |  | (62,088 | ) |  |  | (56,298 | )
|  | $ | 127,416 |  |  | $ | 140,710 |  |  | $ | 252,805 |  |  | $ | 258,961 |
Income from Operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 2,373 |  |  | $ | 2,963 |  |  | $ | 1,880 |  |  | $ | 2,661 |
Asia |  |  | 270 |  |  |  | 5,319 |  |  |  | 1,283 |  |  |  | 5,234 |
Europe |  |  | 2,310 |  |  |  | 2,385 |  |  |  | 4,604 |  |  |  | 3,209 |
|  | $ | 4,953 |  |  | $ | 10,667 |  |  | $ | 7,767 |  |  | $ | 11,104 |
Net Sales – Segment net sales are attributed to individual segments based on the geographic source of the billing for such customer sales. Intercompany sales include finished products manufactured in foreign countries which are then transferred to the United States and Europe for sale; finished goods manufactured in the United States which are transferred to Europe and Asia for sale; and semi-finished components manufactured in the United States which are sold to Asia for further processing. Income (loss) from operations represents net sales less operating costs and expenses and does not include any amounts related to intercompany transactions.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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