Quarterly report pursuant to Section 13 or 15(d)

Foreign Currency Translation

v3.7.0.1
Foreign Currency Translation
3 Months Ended
Mar. 31, 2017
Foreign Currency Translation  
Foreign Currency Translation

3.                        Foreign Currency Translation:

 

Assets and liabilities of the Company’s foreign subsidiaries have been translated at current exchange rates, and related sales and expenses have been translated at average rates of exchange in effect during the period. The sales from our foreign operations for the first quarter of 2017 were $12.7 million as compared to $9.5 million in the first quarter of 2016.