In the Company operated and managed by geographic region which are the United States, Mexico and China which are our operating and reportable segments. During the quarter of the Company ceased manufacturing in China and began to relocate the equipment used at our Chinese manufacturing facility to our other North American sites. We utilize each reportable segment’s contribution (revenue minus operating expenses, excluding unrealized foreign exchange gain (loss) on unsettled forward foreign exchange contracts, corporate allocations and restructuring expenses) to monitor reportable segment performance. Contribution by country is utilized by the chief operating decision-maker (defined as the Chief Executive Officer) as the indicator of reportable segment performance, as it reflects costs which our operating segment management are directly responsible for. Intersegment adjustments reflect intersegment sales that are generally recorded at prices that approximate arm’s-length transactions.

 

In assessing the performance of the reportable segments, management attributes site revenue to the reportable segment that ships the product to the customer, irrespective of the product’s destination. Information about the reportable segments is as follows: 

 

		Year ended December 29, 2019				Year ended December 30, 2018				Year ended December 31, 2017
Revenue
U.S.		$	118,240			$	42,994			$	21,269
Mexico			237,213				155,261				99,577
China			32,580				29,257				27,349
Total		$	388,033			$	227,512			$	148,195
Intersegment revenue
U.S.		$	(553	)		$	(1,213	)		$	(255	)
Mexico			(1,407	)			(2,459	)			(13	)
China			(13,562	)			(7,709	)			(8,696	)
Total		$	(15,522	)		$	(11,381	)		$	(8,964	)
Net external revenue
U.S.		$	117,687			$	41,781			$	21,014
Mexico			235,806				152,802				99,564
China			19,018				21,548				18,653
Total segment revenue (which also equals consolidated revenue)		$	372,511			$	216,131			$	139,231
Segment contribution
U.S.		$	8,072			$	1,434			$	(1,794	)
Mexico			20,356				13,851				7,515
China			4,743				1,792				(1,115	)
Total		$	33,171			$	17,077			$	4,606
Corporate expenses			23,190				13,801				10,174
Change in fair value of warrant liability			(279	)			111				-
Change in fair value of contingent consideration			(3,050	)			-				-
Unrealized foreign exchange gain on unsettled forward exchange contracts			-				(353	)			(918	)
Restructuring charges			7,955				172				1,732
Interest expense			10,562				3,117				903
(Loss) earnings before income taxes		$	(5,207	)		$	229			$	(7,285	)

 

Year ended December 29, 2019		Mexico				U . S .				China				Total
Market Sector:
Test and Measurement		$	77,644			$	38,550			$	2,448			$	118,642
Retail and Payment Systems			46,070				—				—				46,070
Telecom, Networking and Communications			15,616				7,349				14,222				37,187
Medical and Safety			32,360				12,429				736				45,525
Industrial, Power and Clean Technology			41,142				34,614				1,612				77,368
Semiconductors			22,974				16				—				22,990
Avionics, Aerospace and Defense			—				24,729				—				24,729
Segment Revenue			235,806				117,687				19,018				372,511

 

Revenue by category		Mexico				U.S.				China				Total
Point in time		$	2,374			$	7,894			$	1,065			$	11,333
Over time			233,432				109,793				17,953				361,178
Total Revenue			235,806				117,687				19,018				372,511

Year ended December 30, 2018		Mexico				U . S .				China				Total
Market Sector:
Test and Measurement		$	23,068			$	22,752			$	-			$	45,820
Retail and Payment Systems			40,987				584				5				41,576
Telecom, Networking and Communications			13,467				5,180				18,730				37,377
Medical and Safety			25,977				4,126				1,278				31,381
Industrial, Power and Clean Technology			22,690				4,089				1,535				28,314
Semiconductors			26,613				9				-				26,622
Avionics, Aerospace and Defense			-				5,041				-				5,041
Segment Revenue			152,802				41,781				21,548				216,131

 

Revenue by category		Mexico				U.S.				China				Total
Point in time		$	448			$	3,530			$	84			$	4,062
Over time			152,354				38,251				21,464				212,069
Total Revenue			152,802				41,781				21,548				216,131

Year ended December 31, 2017		Mexico				U . S .				China				Total
Market Sector:
Test and Measurement		$	12,095			$	14,250			$	-			$	26,345
Retail and Payment Systems			33,637				-				-				33,637
Telecom, Networking and Communications			11,031				4,873				9,309				25,213
Medical and Safety			15,673				615				2,557				18,845
Industrial, Power and Clean Technology			5,671				1,276				6,787				13,734
Semiconductors			21,457				-				-				21,457
Segment Revenue			99,564				21,014				18,653				139,231

Revenue by category		Mexico				U.S.				China				Total
Point in time		$	1,515			$	5,034			$	116			$	6,665
Over time			98,049				15,980				18,537				132,566
Total Revenue			99,564				21,014				18,653				139,231

 

The following table contains additions including those acquired through finance leases, to property, plant and equipment for and

 

		Year ended December 29, 2019				Year ended December 30, 2018				Year ended December 31, 2017
U.S.		$	1,217			$	1,049			$	499
Mexico			2,461				4,328				480
China			155				208				145
Segment total			3,833				5,585				1,124
Corporate and other			23				118				123
Total		$	3,856			$	5,703			$	1,247

 

 

		December 29 , 201 9				December 30, 2018
Property, plant and equipment (a)
U.S.		$	16,904			$	15,013
Mexico			10,970				11,851
China			670				1,153
Segment total			28,544				28,017
Corporate and other			96				143
Total		$	28,640			$	28,160
Other long term segment assets (b)
U.S.		$	9,273			$	11,429
Mexico			22,179				27,051
China			—				—
Segment total			31,452				38,480
Corporate and other			859				668
Total		$	32,311			$	39,148
Total segment assets (a)
U.S.		$	112,789			$	117,322
Mexico			93,349				89,274
China			6,694				13,723
Segment total			212,832				220,319
Corporate and other			547				707
Total		$	213,379			$	221,226

 

 

 

 

The following table contains geographic revenue based on our customer invoicing location:

 

		Year ended December 29, 2019				Year ended December 30, 2018				Year ended December 31, 2017
U.S.		$	346,757			$	175,402			$	108,783
Canada			17,206				27,053				19,986
China			8,548				13,676				4,961
Africa			—				—				5,501
Total		$	372,511			$	216,131			$	139,231

 

 

Sales of the Company’s products are concentrated among specific customers in the same industry. The Company requires collateral only from new customers with insufficient credit until such time as credit insurance can be obtained. The Company is subject to concentrations of credit risk in trade receivables and mitigates this risk through ongoing credit evaluation of customers and maintaining credit insurance. The Company considers concentrations of credit risk in establishing the allowance for doubtful accounts and believes the recorded allowances are adequate.

 

The Company expects to continue to depend upon a relatively small number of customers for a significant percentage of its revenue. In addition to having a limited number of customers, the Company manufactures a limited number of products for each customer. If the Company loses any of its largest customers or any product line manufactured for of its largest customers, it could experience a significant reduction in revenue. Also, the insolvency of or more of its largest customers or the inability of or more of its largest customers to pay for its orders could decrease future revenue. As many costs and operating expenses are relatively fixed, a reduction in net revenue can decrease profit margins and adversely affect business, financial condition and results of operations.

 

During the year ended customer comprised of revenue. At customer comprised of the Company’s trade accounts receivable. other customers individually represented more than of total revenue or trade accounts receivable.

 

During the year ended customer comprised of revenue from across all geographic segments. At customers comprised ( and respectively) of the Company’s trade accounts receivable. other customers individually represented more than of trade accounts receivable.

 

During the year ended customers each comprised of revenue from across all geographic segments. At customers comprised ( and respectively) of the Company’s trade accounts receivable. other customers individually represented more than of trade accounts receivable.