Note L – Segment Information

The Company designs, manufactures and sells hardware employed in the construction and maintenance of telecommunication, energy and other utility networks, data communication products and mounting hardware for solar power applications. Principal products include cable anchoring, control hardware and splice enclosures, which are sold primarily to customers in North and South America, Europe, South Africa and Asia Pacific.

The Company reports its segments in four geographic regions: PLP-USA, The Americas, EMEA (Europe, Middle East & Africa) and Asia-Pacific in accordance with accounting standards codified in Financial Accounting Standards Board “FASB” Accounting Standards Codification “ASC” 280, “Segment Reporting”. Each segment distributes a full range of the Company’s primary products. The PLP-USA segment is comprised of U.S. operations manufacturing the Company’s traditional products primarily supporting domestic energy, telecommunications and solar products. The other three segments, The Americas, EMEA and Asia-Pacific support the Company’s energy, telecommunications, data communication and solar products in each respective geographical region.

The segment managers responsible for each region report directly to the Company’s Chief Executive Officer, who is the chief operating decision maker and are accountable for the financial results and performance of their entire segment for which they are responsible. The business components within each segment are managed to maximize the results of the entire company rather than the results of any individual business component of the segment.

The amount of each segment’s performance reported to the chief operating decision maker is for purposes of making decisions about allocating resources to the segment and assessing its performance. The Company evaluates segment performance and allocates resources based on several factors primarily based on sales and income from continuing operations, net of tax.

The accounting policies of the operating segments are the same as those described in Note A in the Notes to Consolidated Financial Statements. No single customer accounts for more than ten percent of the Company’s consolidated revenue. It is not practical to present revenue by product line. U.S. net sales for the year ended December 31, 2017, 2016, and 2015 were $147.6 million, $135.3 million and $142.5 million, respectively. U.S. long-lived assets as of December 31, 2017 and 2016 were $53.2 million and $54.0 million, respectively.

The following table presents a summary of the Company’s reportable segments for the year ended December 31, 2017, 2016 and 2015. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory.

	Year Ended December 31
	2017			2016			2015
Net sales
PLP-USA	$	147,646		$	135,260		$	142,470
The Americas		69,764			60,049			59,290
EMEA		63,916			56,411			53,778
Asia-Pacific		96,886			84,914			99,128
Total net sales	$	378,212		$	336,634		$	354,666

Intersegment sales
PLP-USA	$	12,234		$	9,471		$	9,339
The Americas		5,570			5,132			5,074
EMEA		1,120			1,363			1,652
Asia-Pacific		8,596			7,827			8,364
Total intersegment sales	$	27,520		$	23,793		$	24,429

Interest income
PLP-USA	$	0		$	0		$	0
The Americas		283			79			145
EMEA		47			116			123
Asia-Pacific		100			96			123
Total interest income	$	430		$	291		$	391

Interest expense
PLP-USA	$	(941	)	$	(738	)	$	(440	)
The Americas		(10	)		(14	)		(56	)
EMEA		(31	)		(13	)		(23	)
Asia-Pacific		(79	)		(79	)		(46	)
Total interest expense	$	(1,061	)	$	(844	)	$	(565	)

Income taxes
PLP-USA	$	7,142		$	1,494		$	2,387
The Americas		3,593			2,507			1,399
EMEA		1,583			1,862			1,646
Asia-Pacific		834			(165	)		(401	)
Total income taxes	$	13,152		$	5,698		$	5,031

Net income (loss)
PLP-USA	$	(2,367	)	$	2,007		$	2,031
The Americas		8,169			5,881			3,178
EMEA		4,088			6,243			4,881
Asia-Pacific		2,764			1,124			(3,415	)
Total net income	$	12,654		$	15,255		$	6,675

	Year Ended December 31
	2017		2016		2015
Expenditure for long-lived assets
PLP-USA	$	4,474	$	18,314	$	5,164
The Americas		1,272		2,634		2,074
EMEA		2,329		1,450		1,673
Asia-Pacific		3,158		2,327		1,843
Total expenditures for long-lived assets	$	11,233	$	24,725	$	10,754

Depreciation and amortization
PLP-USA	$	5,389	$	4,937	$	4,551
The Americas		1,985		1,874		1,862
EMEA		1,678		1,402		1,464
Asia-Pacific		3,738		3,783		3,655
Total depreciation and amortization	$	12,790	$	11,996	$	11,532

	As of December 31
	2017		2016
Identifiable assets
PLP-USA	$	116,484	$	122,326
The Americas		70,720		63,643
EMEA		62,524		54,493
Asia-Pacific		110,057		100,475
Total identifiable assets	$	359,785	$	340,937

Long-lived assets
PLP-USA	$	53,211	$	54,048
The Americas		16,365		16,158
EMEA		12,971		10,619
Asia-Pacific		26,051		24,279
Total long-lived assets	$	108,598	$	105,104