XML 47 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1

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

6 Months Ended

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	%

X

- Definition

Schedule of capital expenditure depreciation and amortization and assets reportable segments.

+ References

No definition available.

+ Details

Name:	mksi_ScheduleOfCapitalExpenditureDepreciationAndAmortizationAndAssetsReportableSegmentsTableTextBlock
Namespace Prefix:	mksi_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-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 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration