SEGMENTS Segment information and reconciliations to consolidated amounts for the years ended December 31 are as follows: (In thousands) 2019 2018 2017 Sales: Aerospace $ 692,614 $ 675,744 $ 534,724 Less Inter-segment Sales (5) (119) (121) Total Aerospace Sales 692,609 675,625 534,603 Test Systems 80,495 127,679 89,861 Less Inter-segment Sales (402) (48)  Test Systems 80,093 127,631 89,861 Total Consolidated Sales $ 772,702 $ 803,256 $ 624,464 Operating Profit and Margins: Aerospace $ 16,657 $ 69,761 $ 38,888 2.4 % 10.3 % 7.3 % Test Systems 4,494 10,718 7,359 5.6 % 8.4 % 8.2 % Total Operating Profit $ 21,151 $ 80,479 $ 46,247 2.7 % 10.0 % 7.4 % Additions to (Deductions from) Operating Profit: Net Gain on Sale of Businesses $ 78,801 $  $  Interest Expense, Net of Interest Income (6,141) (9,710) (5,369) Corporate and Other Expenses, Net (25,508) (18,487) (15,887) Income before Income Taxes $ 68,303 $ 52,282 $ 24,991 Depreciation and Amortization: Aerospace $ 27,879 $ 29,947 $ 22,111 Test Systems 4,534 4,500 4,302 Corporate 636 585 650 Total Depreciation and Amortization $ 33,049 $ 35,032 $ 27,063 Assets: Aerospace $ 629,371 $ 647,870 $ 621,047 Test Systems 110,994 97,056 90,859 Corporate 42,351 29,714 24,050 Total Assets $ 782,716 $ 774,640 $ 735,956 Capital Expenditures: Aerospace $ 11,552 $ 14,680 $ 10,656 Test Systems 380 1,370 2,721 Corporate 151 267 101 Total Capital Expenditures $ 12,083 $ 16,317 $ 13,478 Operating profit is sales less cost of products sold and other operating expenses, excluding interest expense and other corporate expenses. Cost of products sold and other operating expenses are directly identifiable to the respective segment. For the year ended December, 31 2019, there was a goodwill impairment loss of $1.6 million and intangible asset impairment of $6.2 million recorded in the Aerospace segment. In 2018, there were no goodwill or purchased intangible asset impairment losses in either the Aerospace or Test System segment. In 2017, there was a goodwill impairment loss of $16.2 million recorded in the Aerospace segment. In the Aerospace segment, goodwill amounted to $123.0 million and $125.0 million at December 31, 2019 and 2018, respectively. In the Test Systems segment, goodwill amounted to $21.9 million as of December 31, 2019. There was no goodwill in the Test Systems segment as of December 31, 2018. The following table summarizes the Companys sales into the following geographic regions for the years ended December 31: (In thousands) 2019 2018 2017 United States $ 583,589 $ 575,830 $ 482,219 North America (excluding United States) 12,585 10,834 6,198 Asia 40,764 112,135 58,732 Europe 130,227 98,193 73,677 South America 862 1,973 1,280 Other 4,675 4,291 2,358 Total $ 772,702 $ 803,256 $ 624,464 The following table summarizes the Companys property, plant and equipment by country for the years ended December 31: (In thousands) 2019 2018 United States $ 101,169 $ 110,738 France 8,740 9,241 India 1,509  Canada 1,081 883 Total $ 112,499 $ 120,862 Sales recorded by the Companys foreign operations were $85.9 million, $70.6 million and $53.9 million in 2019, 2018 and 2017, respectively. Net income from these locations was $8.6 million, $5.5 million and $2.2 million in 2019, 2018 and 2017, respectively. Net assets held outside of the U.S. total $66.4 million and $45.0 million at December 31, 2019 and 2018, respectively. The exchange loss included in determining net income was insignificant in 2019 and 2018. Cumulative translation adjustments amounted to $(7.0) million and $(7.2) million at December 31, 2019 and 2018, respectively. The Company has a significant concentration of business with two major customers; The Boeing Company (Boeing) and Panasonic Aviation Corporation (Panasonic). The following is information relating to the activity with those customers: 2019 2018 2017 Percent of Consolidated Sales Boeing 13.6% 14.3% 16.8% Panasonic 13.0% 14.4% 19.1% (In thousands) 2019 2018 Accounts Receivable at December 31, Boeing $ 21,806 $ 24,649 Panasonic $ 15,831 $ 14,994 Sales to Boeing and Panasonic are primarily in the Aerospace segment.