| Schedule of Segment Information |
The geographic distribution of the Company's Net sales and Income from operations in the Consolidated Statements of Operations, as well as depreciation and amortization expense, are summarized in the following tables for the years ended December 31, 2018, 2017 and 2016 as well as Accounts receivable, net, Inventories and Property, plant and equipment, net on the Consolidated Balance Sheets at December 31, 2018 and 2017.
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(in thousands) |
|
2018 |
|
2017 |
|
2016 |
Net sales to unrelated entities: |
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|
|
|
United States |
|
$ |
1,728,476 |
|
|
$ |
1,520,026 |
|
|
$ |
1,505,302 |
|
LAAP |
|
530,152 |
|
|
475,128 |
|
|
453,686 |
|
EMEA |
|
350,754 |
|
|
293,700 |
|
|
253,487 |
|
Canada |
|
192,944 |
|
|
177,251 |
|
|
164,570 |
|
|
|
$ |
2,802,326 |
|
|
$ |
2,466,105 |
|
|
$ |
2,377,045 |
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Segment income from operations: |
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United States |
|
$ |
410,750 |
|
|
$ |
336,797 |
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|
$ |
336,578 |
|
LAAP |
|
80,967 |
|
|
75,922 |
|
|
63,927 |
|
EMEA |
|
33,314 |
|
|
10,410 |
|
|
7,543 |
|
Canada |
|
31,304 |
|
|
23,516 |
|
|
15,864 |
|
Total segment income from operations |
|
556,335 |
|
|
446,645 |
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|
423,912 |
|
Unallocated corporate expenses |
|
(205,353 |
) |
|
(183,676 |
) |
|
(167,404 |
) |
Interest income, net |
|
9,876 |
|
|
4,515 |
|
|
2,003 |
|
Interest expense on note payable to related party |
|
— |
|
|
(429 |
) |
|
(1,041 |
) |
Other non-operating expense |
|
(141 |
) |
|
(321 |
) |
|
(572 |
) |
Income before income tax |
|
$ |
360,717 |
|
|
$ |
266,734 |
|
|
$ |
256,898 |
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|
|
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|
|
|
Depreciation and amortization expense: |
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|
|
|
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|
United States |
|
$ |
21,938 |
|
|
$ |
21,256 |
|
|
$ |
19,473 |
|
LAAP |
|
5,721 |
|
|
6,108 |
|
|
5,907 |
|
EMEA |
|
4,260 |
|
|
3,791 |
|
|
2,920 |
|
Canada |
|
3,076 |
|
|
2,746 |
|
|
2,787 |
|
Unallocated corporate expense |
|
23,235 |
|
|
26,044 |
|
|
28,929 |
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|
|
$ |
58,230 |
|
|
$ |
59,945 |
|
|
$ |
60,016 |
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Accounts receivable, net: |
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|
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|
United States |
|
$ |
199,018 |
|
|
$ |
180,742 |
|
|
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LAAP |
|
110,494 |
|
|
95,765 |
|
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EMEA |
|
85,887 |
|
|
42,659 |
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Canada |
|
53,983 |
|
|
45,696 |
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|
|
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$ |
449,382 |
|
|
$ |
364,862 |
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Inventories: |
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|
|
|
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|
United States |
|
$ |
328,815 |
|
|
$ |
285,481 |
|
|
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LAAP |
|
98,883 |
|
|
84,149 |
|
|
|
EMEA |
|
63,261 |
|
|
57,055 |
|
|
|
Canada |
|
30,868 |
|
|
31,242 |
|
|
|
|
|
$ |
521,827 |
|
|
$ |
457,927 |
|
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Property, plant and equipment, net: |
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|
United States |
|
$ |
224,012 |
|
|
$ |
206,172 |
|
|
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Canada |
|
26,566 |
|
|
30,318 |
|
|
|
All other countries |
|
41,018 |
|
|
44,904 |
|
|
|
|
|
$ |
291,596 |
|
|
$ |
281,394 |
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