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

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Net Revenues, Assets and Goodwill by Reportable Segment

The following are net revenues by reportable segment:

		Three Months Ended March 31,
		2018				2017
Vacuum & Analysis		$	348,344			$	277,984
Light & Motion			205,931				159,169
		$	554,275			$	437,153

The following are segment assets by reportable segment:

March 31, 2018:		Vacuum & Analysis				Light & Motion				Corporate, Eliminations & Other				Total
Segment assets:
Accounts receivable		$	225,822			$	131,677			$	(15,781	)		$	341,718
Inventory, net			216,237				149,472				—				365,709
Total segment assets		$	442,059			$	281,149			$	(15,781	)		$	707,427

December 31, 2017:		Vacuum & Analysis				Light & Motion				Corporate, Eliminations & Other				Total
Segment assets:
Accounts receivable		$	201,318			$	119,934			$	(20,944	)		$	300,308
Inventory, net			197,831				141,250				—				339,081
Total segment assets		$	399,149			$	261,184			$	(20,944	)		$	639,389

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

		March 31, 2018				December 31, 2017
Reportable segment:
Vacuum & Analysis		$	197,689			$	197,617
Light & Motion			395,805				393,430
Total goodwill		$	593,494			$	591,047

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,
		2018				2017
Gross profit by reportable segment:
Vacuum & Analysis		$	158,500			$	128,924
Light & Motion			104,355				76,623
Total gross profit by reportable segment			262,855				205,547
Operating expenses:
Research and development			34,857				33,282
Selling, general and administrative			82,949				74,220
Acquisition and integration costs			—				1,442
Restructuring			1,220				522
Environmental costs			1,000				—
Amortization of intangible assets			11,190				12,501
Income from operations			131,639				83,580
Interest and other expense, net			(4,897	)			(6,295	)
Income before income taxes			126,742				77,285
Provision for income taxes			21,621				12,225
Net income		$	105,121			$	65,060

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

The following are capital expenditures by reportable segment for the three months ended March 31, 2018 and 2017:

		Vacuum & Analysis				Light & Motion				Total
Three Months Ended March 31, 2018:
Capital expenditures		$	6,197			$	3,193			$	9,390
Three Months Ended March 31, 2017:
Capital expenditures		$	2,374			$	1,725			$	4,099

The following are depreciation and amortization of intangible assets by reportable segment for the three months ended March 31, 2018 and 2017:

		Vacuum & Analysis				Light & Motion				Total
Three Months Ended March 31, 2018:
Depreciation and amortization		$	5,129			$	15,363			$	20,492
Three Months Ended March 31, 2017:
Depreciation and amortization		$	5,122			$	16,711			$	21,833

Reconciliation of Segment Assets to Consolidated Total Assets

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

		March 31, 2018				December 31, 2017
Total segment assets		$	707,427			$	639,389
Cash and cash equivalents, restricted cash and investments			552,343				553,976
Other current assets			59,093				53,543
Property, plant and equipment, net			172,802				171,782
Goodwill and intangible assets, net			949,839				957,445
Other assets			39,952				37,883
Consolidated total assets		$	2,481,456			$	2,414,018

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,
		2018				2017
Net revenues:
United States		$	276,720			$	218,050
Korea			54,011				44,878
Japan			58,274				37,792
Asia (excluding Korea and Japan)			101,384				88,243
Europe			63,886				48,190
		$	554,275			$	437,153

		March 31, 2018				December 31, 2017
Long-lived assets:(1)
United States		$	127,637			$	124,689
Europe			28,787				28,820
Asia			49,566				49,645
		$	205,990			$	203,154

⁽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

The following table sets forth worldwide net revenue for each group of products:

		Three Months Ended March 31,
		2018				2017
Analytical and Control Solutions Products		$	33,712			$	31,820
Power, Plasma and Reactive Gas Solutions Products			167,052				122,800
Vacuum Solutions Products			147,580				123,364
Lasers Products			74,797				44,944
Optics Products			54,379				46,505
Photonics Products			76,755				67,720
		$	554,275			$	437,153

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 below:

		Three Months Ended March 31,
		2018				2017
LAM Research Corporation.			12.6	%			12.6	%
Applied Materials, Inc.			12.2	%			13.0	%

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