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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2020
SEGMENT INFORMATION |
SEGMENT INFORMATION | 18. SEGMENT INFORMATION The Company operates in one segment for the manufacture and marketing of controlled motion products for original equipment manufacturers and end user applications. The Company’s chief operating decision maker has been identified as the Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services in which the entity holds material assets and reports revenue. Financial information related to the foreign subsidiaries is summarized below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019 |
Revenues derived from foreign subsidiaries | ​ | $ | 39,350 | ​ | $ | 29,985 | ​ | $ | 75,363 | ​ | $ | 64,567 | ​
​ Identifiable foreign assets were $121,801 and $95,777 as of June 30, 2020 and December 31, 2019, respectively. Revenues derived from foreign subsidiaries and identifiable assets outside of the United States are primarily attributable to Europe. Sales to customers outside of the United States by all subsidiaries were $43,372 and $38,802 during the quarters ended June 30, 2020 and 2019, respectively, and $86,762 and $82,485 for the six months ended June 30, 2020 and 2019, respectively. For second quarter 2020 and 2019, one customer accounted for 11% and 15% of revenues, respectively, and for the six months ended June 30, 2020 and 2019 for 12% and 16% of revenues, respectively. As of June 30, 2020 and December 31, 2019 this customer represented 15% and 17% of trade receivables, respectively.

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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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