This excerpt taken from the OICO 10-K filed Mar 31, 2008.
Note 14. Segment Data
The Company adopted SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information. SFAS 131 designates the internal reporting that is used by management for making operating decisions and assessing performance as the source of the Companys reportable segments. SFAS 131 also requires disclosure about products and sources, geographic areas and major customers. The Company aggregates its segments as one reportable segment based on the similar characteristics of their operations.
Revenues related to operations in the U.S. and foreign countries for the years ended December 31, 2007, 2006 and 2005 are presented below. Revenues from external customers are attributed to individual countries based upon locations to which the product is shipped. Long-lived assets related to continuing operations in the U.S. and foreign countries as of the years ended December 31, 2007, 2006 and 2005 are as follows:
One customer accounted for approximately 18% of revenues in 2007, 17% of revenues in 2006, and approximately 16% of revenues in 2005. Sales to federal, state and municipal governments accounted for 30% of total revenues in 2007, 24% of total revenues in 2006, and 25% of total revenues in 2005.
The following regions had sales in excess of 10% of net revenues: sales to the Asia-Pacific region were approximately 12% of net revenues in 2007, and 13% for both 2006 and 2005; and sales to the European region were approximately 13% of net revenues for 2007, 14% for 2006 and 12% for 2005.