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Segment Disclosure
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment Disclosure Segment Disclosure
 
As noted in Note 1-Description of Business and Basis of Presentation, the Company updated the naming convention of one of our three operating segments and the updates are reflected below. Our three operating segments are:
 
•North America. This segment provides asset protection solutions predominantly in North America, with the largest concentration in the United States, followed by Canada, consisting primarily of NDT, inspection, mechanical and engineering services that are used to evaluate the safety, structural integrity and reliability of critical energy, industrial and public infrastructure and commercial aerospace components. Software, digital and data services are included in this segment.
 
•International. This segment offers services, products and systems similar to those of the other segments to select markets within Europe, the Middle East, Africa, Asia and South America, but not to customers in China and South Korea, which are served by the Products and Systems segment.
 
•Products and Systems. This segment designs, manufactures, sells, installs and services the Company’s asset protection products and systems, including equipment and instrumentation, predominantly in the United States.
 
Costs incurred for general corporate services, including finance, legal, and certain other costs that are provided to the segments are reported within Corporate and eliminations. Sales to the International segment from the Products and Systems segment and subsequent sales by the International segment of the same items are recorded and reflected in the operating performance of both
segments. Additionally, engineering charges and royalty fees charged to the North America and International segments by the Products and Systems segment are reflected in the operating performance of each segment.

The accounting policies of the reportable segments are the same as those described in Note 1-Description of Business and Basis of Presentation. Segment income from operations is one of the primary performance measures used by the chief operating decision maker, to assess the performance of each segment and make resource allocation decisions. Certain general and administrative costs such as human resources, information technology and training are allocated to the segments. Segment income from operations excludes interest and other financial charges and income taxes. Corporate and other assets are comprised principally of cash, deposits, property, plant and equipment, domestic deferred taxes, deferred charges and other assets. Corporate loss from operations consists of administrative charges related to corporate personnel and other charges that cannot be readily identified for allocation to a particular segment.
 

Selected consolidated financial information by segment for the periods shown was as follows: (with intercompany transactions eliminated in Corporate and eliminations)
 
 Three months ended March 31,
 20232022
Revenue  
North America$136,932 $132,946 
International29,407 28,138 
Products and Systems3,739 2,936 
Corporate and eliminations(2,062)(2,358)
 $168,016 $161,662 
 
 Three months ended March 31,
 20232022
Gross profit  
North America$36,637 $30,526 
International7,367 8,190 
Products and Systems2,063 1,168 
Corporate and eliminations10 8 
 $46,077 $39,892 

Income (loss) from operations by operating segment includes intercompany transactions, which are eliminated in Corporate and eliminations.
 Three months ended March 31,
 20232022
Income (loss) from operations  
North America$9,378 $3,761 
International(568)284 
Products and Systems384 (582)
Corporate and eliminations(11,024)(8,161)
 $(1,830)$(4,698)
  
 Three months ended March 31,
 20232022
Depreciation and amortization  
North America$6,357 $6,593 
International1,859 2,058 
Products and Systems256 218 
Corporate and eliminations(59)(62)
 $8,413 $8,807 
 
 March 31, 2023December 31, 2022
Intangible assets, net  
North America$41,746 $43,260 
International4,117 4,422 
Products and Systems1,295 1,208 
Corporate and eliminations202 125 
 $47,360 $49,015 
 
 March 31, 2023December 31, 2022
Total assets  
North America$394,280 $407,779 
International104,782 104,531 
Products and Systems13,415 12,408 
Corporate and eliminations18,342 10,186 
 $530,819 $534,904 
 
Refer to Note 2–Revenue, for revenue by geographic area for the three months ended March 31, 2023 and 2022.