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

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Net Revenues, Assets and Goodwill by Reportable Segment

The following is net revenues by reportable segment:

		Three Months Ended March 31,
		2017				2016
Vacuum & Analysis		$	277,984			$	183,681
Light & Motion			159,169				—
		$	437,153			$	183,681

The following is segment assets by reportable segment:

March 31, 2017:		Vacuum & Analysis				Light & Motion				Corporate, Eliminations and Other				Total
Segment assets:
Accounts receivable		$	165,210			$	123,247			$	(21,208	)		$	267,249
Inventory, net			167,322				118,196				—				285,518
Total segment assets		$	332,532			$	241,443			$	(21,208	)		$	552,767
December 31, 2016:		Vacuum & Analysis				Light & Motion				Corporate, Eliminations and Other				Total
Segment assets:
Accounts receivable		$	148,516			$	121,516			$	(21,275	)		$	248,757
Inventory, net			165,040				110,829				—				275,869
Total segment assets		$	313,556			$	232,345			$	(21,275	)		$	524,626

Goodwill associated with each of our reportable segments is as follows:

		March 31, 2017				December 31, 2016
Reportable segment:
Vacuum & Analysis		$	200,206			$	199,453
Light & Motion			390,296				389,132
Total goodwill		$	590,502			$	588,585

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 March 31,
		2017				2016
Gross profit by reportable segment:
Vacuum & Analysis		$	128,924			$	77,913
Light & Motion			76,623				—
Total gross profit by reportable segment			205,547				77,913
Operating expenses:
Research and development			33,282				17,227
Selling, general and administrative			74,220				33,950
Acquisition and integration costs			1,442				2,494
Restructuring			522				—
Amortization of intangible assets			12,501				1,683
Income from operations			83,580				22,559
Interest and other (expense) income, net			(6,295	)			1,246
Income before income taxes			77,285				23,805
Provision for income taxes			12,225				6,242
Net income		$	65,060			$	17,563

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

The following is capital expenditures by reportable segment for the three months ended March 31, 2017 and 2016:

		Vacuum & Analysis				Light & Motion				Total
Three Months Ended March 31, 2017:
Capital expenditures		$	2,374			$	1,725			$	4,099
Three Months Ended March 31, 2016:
Capital expenditures		$	2,156			$	—			$	2,156

The following is depreciation and amortization by reportable segment for the three months ended March 31, 2017 and 2016:

		Vacuum & Analysis				Light & Motion				Total
Three Months Ended March 31, 2017:
Depreciation and amortization		$	5,122			$	16,711			$	21,833
Three Months Ended March 31, 2016:
Depreciation and amortization		$	5,278			$	—			$	5,278

Reconciliation of Segment Assets to Consolidated Total Assets

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

		March 31, 2017				December 31, 2016
Total segment assets		$	552,767			$	524,626
Cash and cash equivalents, restricted cash and investments			426,418				433,231
Income tax receivable and other current assets			52,266				50,770
Property, plant and equipment, net			169,833				174,559
Goodwill and intangible assets, net			986,911				996,589
Other assets			32,352				32,467
Consolidated total assets		$	2,220,547			$	2,212,242

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 March 31,
		2017				2016
Net revenues:
United States		$	218,050			$	94,218
Korea			44,878				20,550
Japan			37,792				16,236
Asia (excluding Korea and Japan)			88,243				33,456
Europe			48,190				19,221
		$	437,153			$	183,681
Long-lived assets:(1)		March 31, 2017				December 31, 2016
United States		$	119,337			$	122,547
Europe			28,152				28,717
Asia			49,275				49,406
		$	196,764			$	200,670

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

Worldwide Net Revenue for Each Group of Products

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

		Three Months Ended March 31,
		2017				2016
Analytical and Control Solutions Products		$	31,820			$	22,978
Materials Delivery Solutions Products			43,454				27,509
Power, Plasma and Reactive Gas Solutions Products			122,800				77,116
Pressure and Vacuum Measurement Products			79,910				56,078
Lasers Products			44,944				—
Optics Products			46,505				—
Photonics Products			67,720				—
		$	437,153			$	183,681

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 March 31,
		2017				2016
Applied Materials, Inc.			13.0	%			18.8	%
LAM Research Corporation			12.6	%			17.1	%

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