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Business Segment, Geographic Area, Product and Significant Customer Information (Tables) | 6 Months Ended
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Jun. 30, 2017
Segment Reporting [Abstract] |
Net Revenues, Assets and Goodwill by Reportable Segment | The following is net revenues by reportable segment:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Vacuum & Analysis |  | $ | 309,819 |  |  | $ | 207,359 |  |  | $ | 587,803 |  |  | $ | 391,040 |
Light & Motion |  |  | 170,938 |  |  |  | 118,502 |  |  |  | 330,107 |  |  |  | 118,502 |
|  | $ | 480,757 |  |  | $ | 325,861 |  |  | $ | 917,910 |  |  | $ | 509,542 |
The following is segment assets by reportable segment:
June 30, 2017: |  | Vacuum & Analysis |  |  | Light & Motion |  |  | Corporate, Eliminations & Other |  |  | Total |
Segment assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 177,144 |  |  | $ | 102,893 |  |  | $ | (11,493 | ) |  | $ | 268,544 |
Inventory, net |  |  | 182,717 |  |  |  | 121,990 |  |  |  | — |  |  |  | 304,707 |
Total segment assets |  | $ | 359,861 |  |  | $ | 224,883 |  |  | $ | (11,493 | ) |  | $ | 573,251 |
December 31, 2016: |  | Vacuum & Analysis |  |  | Light & Motion |  |  | Corporate, Eliminations & 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:
|  | June 30, 2017 |  |  | December 31, 2016 |
Reportable segment: |  |  |  |  |  |  |  |
Vacuum & Analysis |  | $ | 196,857 |  |  | $ | 199,453 |
Light & Motion |  |  | 390,008 |  |  |  | 389,132 |
Total goodwill |  | $ | 586,865 |  |  | $ | 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Gross profit by reportable segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vacuum & Analysis |  | $ | 139,867 |  |  | $ | 90,859 |  |  | $ | 268,790 |  |  | $ | 168,772 |
Light & Motion |  |  | 79,716 |  |  |  | 45,054 |  |  |  | 156,340 |  |  |  | 45,054 |
Total gross profit by reportable segment |  |  | 219,583 |  |  |  | 135,913 |  |  |  | 425,130 |  |  |  | 213,826 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 33,680 |  |  |  | 28,214 |  |  |  | 66,962 |  |  |  | 45,441 |
Selling, general and administrative |  |  | 71,979 |  |  |  | 59,579 |  |  |  | 146,199 |  |  |  | 93,529 |
Acquisition and integration costs |  |  | 790 |  |  |  | 20,055 |  |  |  | 2,232 |  |  |  | 22,549 |
Restructuring |  |  | 2,064 |  |  |  | 24 |  |  |  | 2,586 |  |  |  | 24 |
Asset impairment |  |  | 6,719 |  |  |  | — |  |  |  | 6,719 |  |  |  | — |
Amortization of intangible assets |  |  | 11,468 |  |  |  | 8,855 |  |  |  | 23,969 |  |  |  | 10,538 |
Income from operations |  |  | 92,883 |  |  |  | 19,186 |  |  |  | 176,463 |  |  |  | 41,745 |
Gain on sale of business |  |  | 74,856 |  |  |  | — |  |  |  | 74,856 |  |  |  | — |
Interest and other (expense), net |  |  | (9,767 | ) |  |  | (6,818 | ) |  |  | (16,062 | ) |  |  | (5,572 | )
Income before income taxes |  |  | 157,972 |  |  |  | 12,368 |  |  |  | 235,257 |  |  |  | 36,173 |
Provision for income taxes |  |  | 37,532 |  |  |  | 3,158 |  |  |  | 49,757 |  |  |  | 9,400 |
Net income |  | $ | 120,440 |  |  | $ | 9,210 |  |  | $ | 185,500 |  |  | $ | 26,773 |
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 and six months ended June 30, 2017 and 2016:
|  | Vacuum & Analysis |  |  | Light & Motion |  |  | Total |
Three Months Ended June 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 3,528 |  |  | $ | 2,112 |  |  | $ | 5,640 |
Six Months Ended June 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 5,902 |  |  | $ | 3,837 |  |  | $ | 9,739 |
Three Months Ended June 30, 2016: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 3,036 |  |  | $ | 2,072 |  |  | $ | 5,108 |
Six Months Ended June 30, 2016: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 5,192 |  |  | $ | 2,072 |  |  | $ | 7,264 |
The following is depreciation and amortization by reportable segment for the three and six months ended June 30, 2017 and 2016:
|  | Vacuum & Analysis |  |  | Light & Motion |  |  | Total |
Three Months Ended June 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 5,097 |  |  | $ | 15,491 |  |  | $ | 20,588 |
Six Months Ended June 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 10,219 |  |  | $ | 32,202 |  |  | $ | 42,421 |
Three Months Ended June 30, 2016: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 5,209 |  |  | $ | 11,221 |  |  | $ | 16,430 |
Six Months Ended June 30, 2016: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 10,487 |  |  | $ | 11,221 |  |  | $ | 21,708 |
Reconciliation of Segment Assets to Consolidated Total Assets | A reconciliation of segment assets to consolidated total assets is as follows:
|  | June 30, 2017 |  |  | December 31, 2016 |
Total segment assets: |  | $ | 573,251 |  |  | $ | 524,626 |
Cash and cash equivalents, restricted cash and investments |  |  | 587,457 |  |  |  | 433,231 |
Other current assets |  |  | 51,721 |  |  |  | 50,770 |
Property, plant and equipment, net |  |  | 167,212 |  |  |  | 174,559 |
Goodwill and intangible assets, net |  |  | 972,940 |  |  |  | 996,589 |
Other assets |  |  | 32,102 |  |  |  | 32,467 |
Consolidated total assets |  | $ | 2,384,683 |  |  | $ | 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 244,649 |  |  | $ | 168,471 |  |  | $ | 462,699 |  |  | $ | 262,689 |
Korea |  |  | 59,827 |  |  |  | 26,048 |  |  |  | 104,705 |  |  |  | 46,598 |
Japan |  |  | 36,865 |  |  |  | 25,532 |  |  |  | 74,657 |  |  |  | 41,768 |
Asia (excluding Korea and Japan) |  |  | 91,630 |  |  |  | 64,891 |  |  |  | 179,873 |  |  |  | 98,347 |
Europe |  |  | 47,786 |  |  |  | 40,919 |  |  |  | 95,976 |  |  |  | 60,140 |
|  | $ | 480,757 |  |  | $ | 325,861 |  |  | $ | 917,910 |  |  | $ | 509,542 |
|  | June 30, 2017 |  |  | December 31, 2016 |
Long-lived assets:(1) |  |  |  |  |  |  |  |
United States |  | $ | 116,650 |  |  | $ | 122,547 |
Europe |  |  | 28,405 |  |  |  | 28,717 |
Asia |  |  | 48,488 |  |  |  | 49,406 |
|  | $ | 193,543 |  |  | $ | 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Analytical and Control Solutions Products |  | $ | 32,801 |  |  | $ | 27,787 |  |  | $ | 64,621 |  |  | $ | 50,765 |
Materials Delivery Solutions Products |  |  | 47,298 |  |  |  | 34,162 |  |  |  | 90,752 |  |  |  | 61,671 |
Power, Plasma and Reactive Gas Solutions Products |  |  | 142,639 |  |  |  | 83,844 |  |  |  | 265,439 |  |  |  | 160,961 |
Pressure and Vacuum Measurement Products |  |  | 87,081 |  |  |  | 61,566 |  |  |  | 166,991 |  |  |  | 117,643 |
Lasers Products |  |  | 52,299 |  |  |  | 37,936 |  |  |  | 97,243 |  |  |  | 37,936 |
Optics Products |  |  | 50,706 |  |  |  | 35,263 |  |  |  | 97,211 |  |  |  | 35,263 |
Photonics Products |  |  | 67,933 |  |  |  | 45,303 |  |  |  | 135,653 |  |  |  | 45,303 |
|  | $ | 480,757 |  |  | $ | 325,861 |  |  | $ | 917,910 |  |  | $ | 509,542 |
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Applied Materials, Inc. |  |  | 13.0 | % |  |  | 13.5 | % |  |  | 13.0 | % |  |  | 15.4 | %
LAM Research Corporation |  |  | 10.8 | % |  |  | 8.9 | % |  |  | 11.6 | % |  |  | 11.8 | %

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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