XML 49 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1

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

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Net Revenues, Assets and Goodwill by Reportable Segment

The following are net revenues by reportable segment:

		Three Months Ended June 30,								Six Months Ended June 30,
		2018				2017				2018				2017
Vacuum & Analysis		$	368,328			$	309,961			$	716,672			$	587,945
Light & Motion			204,812				170,796				410,743				329,965
		$	573,140			$	480,757			$	1,127,415			$	917,910

The following are segment assets by reportable segment:

June 30, 2018:		Vacuum & Analysis				Light & Motion				Corporate, Eliminations & Other				Total
Segment assets:
Accounts receivable		$	227,639			$	127,553			$	(15,234	)		$	339,958
Inventory, net			227,635				157,294				—				384,929
Total segment assets		$	455,274			$	284,847			$	(15,234	)		$	724,887

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:

		June 30, 2018				December 31, 2017
Reportable segment:
Vacuum & Analysis		$	197,152			$	197,617
Light & Motion			391,566				393,430
Total goodwill		$	588,718			$	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 June 30,								Six Months Ended June 30,
		2018				2017				2018				2017
Gross profit by reportable segment:
Vacuum & Analysis		$	171,082			$	139,867			$	329,582			$	268,790
Light & Motion			103,795				79,716				208,150				156,340
Total gross profit by reportable segment			274,877				219,583				537,732				425,130
Operating expenses:
Research and development			36,504				33,680				71,361				66,962
Selling, general and administrative			76,559				71,979				159,508				146,199
Acquisition and integration costs			(1,168	)			790				(1,168	)			2,232
Restructuring			790				2,064				2,010				2,586
Asset impairment			—				6,719				—				6,719
Environmental Costs			—				—				1,000				—
Amortization of intangible assets			10,901				11,468				22,091				23,969
Income from operations			151,291				92,883				282,930				176,463
Gain on sale of business			—				74,856				—				74,856
Interest and other expense, net			2,747				9,767				7,644				16,062
Income before income taxes			148,544				157,972				275,286				235,257
Provision for income taxes			25,682				37,532				47,303				49,757
Net income		$	122,862			$	120,440			$	227,983			$	185,500

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

The following is capital expenditures by reportable segment for the three and six months ended June 30, 2018 and 2017:

		Vacuum & Analysis				Light & Motion				Total
Three Months Ended June 30, 2018:
Capital expenditures		$	6,972			$	5,456			$	12,428
Six Months Ended June 30, 2018:
Capital expenditures		$	13,169			$	8,649			$	21,818
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

The following is depreciation and amortization by reportable segment for the three and six months ended June 30, 2018 and 2017:

		Vacuum & Analysis				Light & Motion				Total
Three Months Ended June 30, 2018:
Depreciation and amortization		$	4,968			$	14,917			$	19,885
Six Months Ended June 30, 2018
Depreciation and amortization		$	10,097			$	30,280			$	40,377
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

Reconciliation of Segment Assets to Consolidated Total Assets

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

		June 30, 2018				December 31, 2017
Total segment assets		$	724,887			$	639,389
Cash and cash equivalents, restricted cash and investments			641,593				553,976
Other current assets			61,720				53,543
Property, plant and equipment, net			174,054				171,782
Goodwill and intangible assets, net			931,402				957,445
Other assets			39,832				37,883
Consolidated total assets		$	2,573,488			$	2,414,018

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

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

		Three Months Ended June 30,								Six Months Ended June 30,
		2018				2017				2018				2017
Net revenues:
United States		$	281,818			$	244,649			$	558,538			$	462,699
Korea			66,983				59,827				120,994				104,705
Japan			54,087				36,865				112,361				74,657
Asia (excluding Korea and Japan)			107,193				91,630				208,577				179,873
Europe			63,059				47,786				126,945				95,976
		$	573,140			$	480,757			$	1,127,415			$	917,910

Long-lived assets:(1)		June 30, 2018				December 31, 2017
United States		$	132,097			$	124,689
Europe			26,622				28,820
Asia			49,078				49,645
		$	207,797			$	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 June 30,								Six Months Ended June 30,
		2018				2017				2018				2017
Analytical and Control Solutions Products		$	31,493			$	32,801			$	65,205			$	64,621
Power, Plasma and Reactive Gas Solutions Products			187,765				142,639				354,817				265,439
Vacuum Solutions Products			149,070				134,379				296,650				257,743
Lasers Products			70,663				52,299				145,460				97,243
Optics Products			57,200				50,706				111,579				97,211
Photonics Products			76,949				67,933				153,704				135,653
		$	573,140			$	480,757			$	1,127,415			$	917,910

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 June 30,								Six Months Ended June 30,
		2018				2017				2018				2017
LAM Research Corporation			13.1	%			10.8	%			12.8	%			11.6	%
Applied Materials, Inc.			12.9	%			13.0	%			12.5	%			13.0	%

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=115929826&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

+ 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ 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