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Business Segment, Geographic Area, Product and Significant Customer Information (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Net Revenues, Assets and Goodwill by Reportable Segment

The following is net revenues by reportable segment:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2016				2015				2016				2015
Vacuum & Analysis Division		$	229,167			$	209,332			$	620,207			$	641,137
Light & Motion Division			151,493				—				269,995				—
		$	380,660			$	209,332			$	890,202			$	641,137

Total income tax expense is not presented by reportable segment because the necessary information is not available or used by the CODM.

The following is segment assets by reportable segment:

September 30, 2016		Vacuum & Analysis Division				Light & Motion Division				Corporate & Eliminations				Total
Segment assets:
Accounts receivable		$	136,654			$	128,401			$	(21,202	)		$	243,853
Inventory			161,219				117,746				—				278,965
Total segment assets		$	297,873			$	246,147			$	(21,202	)		$	522,818
December 31, 2015		Vacuum & Analysis Division				Light & Motion Division				Corporate & Eliminations				Total
Segment assets:
Accounts receivable		$	101,883			$	—			$	—			$	101,883
Inventory			152,631				—				—				152,631
Total segment assets		$	254,514			$	—			$	—			$	254,514

Goodwill associated with the Company’s reportable segments is as follows:

		September 30, 2016				December 31, 2015
Reportable segment:
Vacuum & Analysis Division		$	200,368			$	199,703
Light & Motion Division			394,267				—
Total goodwill		$	594,635			$	199,703

Reconciliation of Segment Gross Profit to Consolidated Net Income

The following is a reconciliation of segment gross profit to consolidated net income:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2016				2015				2016				2015
Gross profit by reportable segment:
Vacuum & Analysis Division		$	104,232			$	94,229			$	273,004			$	290,073
Light & Motion Division			64,153				—				109,207				—
Total gross profit by reportable segment			168,385				94,229				382,211				290,073
Operating expenses:
Research and development			32,268				17,217				77,709				51,464
Selling, general and administrative			70,424				33,396				175,803				97,532
Acquisition costs			233				—				10,932				30
Restructuring			—				562				24				1,569
Amortization of intangible assets			12,452				1,691				22,990				5,071
Income from operations			53,008				41,363				94,753				134,407
Interest and other (expense) income, net			(10,760	)			721				(16,332	)			2,015
Income before income taxes			42,248				42,084				78,421				136,422
Provision for income taxes			9,699				12,315				19,099				39,647
Net income		$	32,549			$	29,769			$	59,322			$	96,775

Schedule of Capital Expenditures, Depreciation and Amortization Expense and Segment Assets by Reportable Segment

The following is capital expenditures by reportable segment for the three and nine months ended September 30, 2016 and 2015:

		Vacuum & Analysis Division				Light & Motion Division				Total
Three Months Ended September 30, 2016:
Capital expenditures		$	2,772			$	1,923			$	4,695
Nine Months Ended September 30, 2016:
Capital expenditures		$	7,964			$	3,995			$	11,959
		Vacuum & Analysis Division				Light & Motion Division				Total
Three Months Ended September 30, 2015:
Capital expenditures		$	3,497			$	—			$	3,497
Nine Months Ended September 30, 2015:
Capital expenditures		$	8,831			$	—			$	8,831

The following is depreciation and amortization by reportable segment for the three and nine months ended September 30, 2016 and 2015:

		Vacuum & Analysis Division				Light & Motion Division				Total
Three Months Ended September 30, 2016:
Depreciation and amortization		$	5,142			$	16,907			$	22,049
Nine Months Ended September 30, 2016:
Depreciation and amortization		$	15,628			$	28,129			$	43,757
		Vacuum & Analysis Division				Light & Motion Division				Total
Three Months Ended September 30, 2015:
Depreciation and amortization		$	5,524			$	—			$	5,524
Nine Months Ended September 30, 2015:
Depreciation and amortization		$	16,606			$	—			$	16,606

Reconciliation of Segment Assets to Consolidated Total Assets

A reconciliation of segment assets to consolidated total assets is as follows:

		September 30, 2016				December 31, 2015
Total segment assets		$	522,818			$	254,514
Cash and cash equivalents and investments			435,234				658,237
Other current assets, including restricted cash			59,547				26,760
Property, plant and equipment, net			179,694				68,856
Goodwill and intangible assets, net			1,014,446				243,730
Other assets			29,926				21,250
Consolidated total assets		$	2,241,665			$	1,273,347

Worldwide Net Revenue for Each Group of Products

Worldwide net revenue for each group of products is as follows:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2016				2015				2016				2015
Instruments, Control & Vacuum Products		$	114,491			$	98,614			$	317,141			$	319,491
Power & Reactive Gas Products			98,827				95,311				259,797				276,787
Analytical Solutions Products			15,907				15,407				43,334				44,859
Photonics Products			62,226				—				108,090				—
Optics Products			44,331				—				79,594				—
Lasers Products			44,878				—				82,246				—
		$	380,660			$	209,332			$	890,202			$	641,137

Schedule of Net Revenues and Long-Lived Assets by Geographic Regions

Transfers between geographic areas are at negotiated transfer prices and have been eliminated from consolidated net revenues.

		Three Months Ended September 30,								Nine Months Ended September 30,
		2016				2015				2016				2015
Net revenues:
North America		$	198,305			$	122,348			$	460,994			$	365,942
Korea			32,642				27,760				79,240				87,181
Japan			26,970				14,699				68,738				49,001
Asia (excluding Korea and Japan)			75,179				24,833				173,526				79,259
Europe			47,564				19,692				107,704				59,754
		$	380,660			$	209,332			$	890,202			$	641,137

		September 30, 2016				December 31, 2015
Long-lived assets:(1)
North America		$	120,379			$	56,594
Europe			30,818				5,783
Asia			50,551				8,952
		$	201,748			$	71,329

⁽¹⁾ Long-lived assets include property, plant and equipment, net and certain other long-term assets, excluding long-term tax-related accounts.

Customers with Net Revenues Greater than 10% of Total Net Revenues

The Company had two customers with net revenues greater than 10% of total net revenues in the periods shown as follows:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2016				2015				2016				2015
Applied Materials, Inc.			12	%			18	%			14	%			18	%
LAM Research Corporation			9	%			16	%			11	%			14	%

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