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GEOGRAPHIC AND SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
GEOGRAPHIC AND SEGMENT INFORMATION
GEOGRAPHIC AND SEGMENT INFORMATION 

Operating segments are aggregated into reportable segments only if they exhibit similar economic characteristics. In addition to similar economic characteristics we also consider the following factors in determining the reportable segments: the nature of business activities, the management structure directly accountable to our chief operating decision maker for operating and administrative activities, availability of discrete financial information and information presented to the Board of Directors and investors.

Prior to the first quarter of 2017, we disclosed only one reporting segment. Beginning in 2017, our reportable segments are disclosed as principally organized and managed as three operating segments: Core, OEM and Advanced Energy. We adopted reportable segments to align with changes in how we manage our business, review operating performance and allocate resources as a result of the growth in Advanced Energy and the differing behavior of the Core and OEM product lines. The Corporate & Other category includes certain unallocated corporate, operational, research and development and marketing costs which were not specifically attributed to any reportable segment. Net assets are shared, therefore, not allocated to the reportable segments. The OEM segment is primarily development contract and product driven, all related expenses are recorded as cost of sales, therefore no segment specific operating expenses are incurred.

Summarized financial information with respect to reportable segments is as follows:
 
Year ended December 31, 2017
(In thousands)
Core
 
OEM
 
Advanced Energy
 
Corporate (Other)
 
Total
Sales
$
28,649

 
$
2,598

 
$
7,636

 
$

 
$
38,883

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
8,620

 
1,353

 
(3,957
)
 
(11,281
)
 
(5,265
)
 
 
 
 
 
 
 
 
 
 
Severance and related expense

 

 

 
1,524

 
1,524

Interest expense, net

 

 

 
(136
)
 
(136
)
Change in fair value of derivative liabilities

 

 

 
183

 
183

Income tax benefit

 

 

 
(156
)
 
(156
)
Depreciation and amortization

 

 

 
696

 
696

 
Year ended December 31, 2016
(In thousands)
Core
 
OEM
 
Advanced Energy
 
Corporate (Other)
 
Total
Sales
$
27,808

 
$
5,328

 
$
3,491

 
$

 
$
36,627

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
7,600

 
3,045

 
(4,812
)
 
(9,625
)
 
(3,792
)
 
 
 
 
 
 
 
 
 
 
Severance and related expense

 

 

 

 

Interest expense, net

 

 

 
(158
)
 
(158
)
Change in fair value of derivative liabilities

 

 

 
64

 
64

Income tax expense

 

 

 
64

 
64

Depreciation and amortization

 

 

 
734

 
734

 
Year ended December 31, 2015
(In thousands)
Core
 
OEM
 
Advanced Energy
 
Corporate (Other)
 
Total
Sales
$
26,098

 
$
2,116

 
$
1,306

 
$

 
$
29,520

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
5,690

 
1,524

 
(4,688
)
 
(9,512
)
 
(6,986
)
 
 
 
 
 
 
 
 
 
 
Severance and related expense

 

 

 

 

Interest expense, net

 

 

 
(158
)
 
(158
)
Change in fair value of derivative liabilities

 

 

 
1,799

 
1,799

Income tax expense

 

 

 
25

 
25

Depreciation and amortization

 

 

 
812

 
812



We derive revenues from four major product lines: Electrosurgical, Cauteries, Lighting and Other products. We do not review or analyze our four major product lines below net sales. Sales for the product lines are summarized as follows:
 
Year Ended December 31,
(In thousands)
2017
 
2016
 
2015
Sales by Product Line
 
 
 
 
 
Electrosurgical
$
25,727

 
$
20,901

 
$
17,558

Cauteries
7,141

 
7,101

 
6,886

Lighting
2,435

 
2,710

 
2,477

Other
3,580

 
5,915

 
2,599

Total
$
38,883

 
$
36,627

 
$
29,520



International sales in 2017, 2016 and 2015 were 14.8%, 12.5% and 16.9% of sales, respectively. Substantially all of these sales are denominated in U.S. dollars. Revenue by geographic region, based on the "ship to" location on the invoice are as follows:
 
Year Ended December 31,
(In thousands)
2017
 
2016
 
2015
Sales by Domestic and International
 
 
 
 
 
Domestic
$
33,147

 
$
32,050

 
$
24,540

International
5,736

 
4,577

 
4,980

Total
$
38,883

 
$
36,627

 
$
29,520