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Business Segment, Geographic Area, Product and Significant Customer Information (Tables) | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Net Revenues, Assets and Goodwill by Reportable Segment | The following are net revenues by reportable segment:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Vacuum & Analysis |  | $ | 286,038 |  |  | $ | 308,269 |  |  | $ | 1,002,710 |  |  | $ | 896,214 |
Light & Motion |  |  | 201,114 |  |  |  | 177,998 |  |  |  | 611,857 |  |  |  | 507,963 |
|  | $ | 487,152 |  |  | $ | 486,267 |  |  | $ | 1,614,567 |  |  | $ | 1,404,177 |
The following are segment assets by reportable segment:
September 30, 2018: |  | Vacuum & Analysis |  |  | Light & Motion |  |  | Corporate, Eliminations & Other |  |  | Total |
Segment assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 195,244 |  |  | $ | 138,599 |  |  | $ | (15,373 | ) |  | $ | 318,470 |
Inventory, net |  |  | 235,253 |  |  |  | 163,783 |  |  |  | 41 |  |  |  | 399,077 |
Total segment assets |  | $ | 430,497 |  |  | $ | 302,382 |  |  | $ | (15,332 | ) |  | $ | 717,547 |
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:
|  | September 30, 2018 |  |  | December 31, 2017 |
Reportable segment: |  |  |  |  |  |  |  |
Vacuum & Analysis |  | $ | 197,193 |  |  | $ | 197,617 |
Light & Motion |  |  | 390,668 |  |  |  | 393,430 |
Total goodwill |  | $ | 587,861 |  |  | $ | 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Gross profit by reportable segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vacuum & Analysis |  | $ | 132,835 |  |  | $ | 141,438 |  |  | $ | 462,418 |  |  | $ | 410,228 |
Light & Motion |  |  | 99,025 |  |  |  | 86,557 |  |  |  | 307,174 |  |  |  | 242,897 |
Total gross profit by reportable segment |  |  | 231,860 |  |  |  | 227,995 |  |  |  | 769,592 |  |  |  | 653,125 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 31,898 |  |  |  | 32,548 |  |  |  | 103,259 |  |  |  | 99,510 |
Selling, general and administrative |  |  | 70,822 |  |  |  | 71,347 |  |  |  | 229,952 |  |  |  | 217,546 |
Acquisition and integration costs |  |  | 36 |  |  |  | 2,466 |  |  |  | (1,132 | ) |  |  | 4,698 |
Restructuring |  |  | 1,364 |  |  |  | 10 |  |  |  | 3,374 |  |  |  | 2,596 |
Asset impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,719 |
Fees and expenses related to repricing of term loan |  |  | — |  |  |  | 492 |  |  |  | 378 |  |  |  | 492 |
Environmental Costs |  |  | — |  |  |  | — |  |  |  | 1,000 |  |  |  | — |
Amortization of intangible assets |  |  | 10,695 |  |  |  | 10,977 |  |  |  | 32,786 |  |  |  | 34,946 |
Income from operations |  |  | 117,045 |  |  |  | 110,155 |  |  |  | 399,975 |  |  |  | 286,618 |
Gain on sale of business |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 74,856 |
Interest and other expense, net |  |  | 2,529 |  |  |  | 8,784 |  |  |  | 10,173 |  |  |  | 24,846 |
Income before income taxes |  |  | 114,516 |  |  |  | 101,371 |  |  |  | 389,802 |  |  |  | 336,628 |
Provision for income taxes |  |  | 21,239 |  |  |  | 25,377 |  |  |  | 68,542 |  |  |  | 75,134 |
Net income |  | $ | 93,277 |  |  | $ | 75,994 |  |  | $ | 321,260 |  |  | $ | 261,494 |
Schedule of Capital Expenditures, Depreciation and Amortization Expense by Reportable Segment | The following is capital expenditures by reportable segment for the three and nine months ended September 30, 2018 and 2017:
|  | Vacuum & Analysis |  |  | Light & Motion |  |  | Total |
Three Months Ended September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 9,532 |  |  | $ | 5,535 |  |  | $ | 15,067 |
Nine Months Ended September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 22,701 |  |  | $ | 14,184 |  |  | $ | 36,885 |
Three Months Ended September 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 4,212 |  |  | $ | 3,906 |  |  | $ | 8,118 |
Nine Months Ended September 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 10,114 |  |  | $ | 7,743 |  |  | $ | 17,857 |
The following is depreciation and amortization by reportable segment for the three and nine months ended September 30, 2018 and 2017:
|  | Vacuum & Analysis |  |  | Light & Motion |  |  | Total |
Three Months Ended September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 5,083 |  |  | $ | 14,446 |  |  | $ | 19,529 |
Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 15,180 |  |  | $ | 44,726 |  |  | $ | 59,906 |
Three Months Ended September 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 5,058 |  |  | $ | 15,071 |  |  | $ | 20,129 |
Nine Months Ended September 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 15,277 |  |  | $ | 47,273 |  |  | $ | 62,550 |
Reconciliation of Segment Assets to Consolidated Total Assets | A reconciliation of segment assets to consolidated total assets is as follows:
|  | September 30, 2018 |  |  | December 31, 2017 |
Total segment assets |  | $ | 717,547 |  |  | $ | 639,389 |
Cash and cash equivalents, restricted cash and investments |  |  | 630,030 |  |  |  | 553,976 |
Other current assets |  |  | 75,298 |  |  |  | 53,543 |
Property, plant and equipment, net |  |  | 180,182 |  |  |  | 171,782 |
Goodwill and intangible assets, net |  |  | 919,149 |  |  |  | 957,445 |
Other assets |  |  | 42,390 |  |  |  | 37,883 |
Consolidated total assets |  | $ | 2,564,596 |  |  | $ | 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 243,273 |  |  | $ | 237,592 |  |  | $ | 801,811 |  |  | $ | 700,291 |
Korea |  |  | 43,468 |  |  |  | 60,908 |  |  |  | 164,462 |  |  |  | 165,613 |
Japan |  |  | 38,964 |  |  |  | 38,411 |  |  |  | 151,325 |  |  |  | 113,068 |
Asia (excluding Korea and Japan) |  |  | 105,336 |  |  |  | 94,084 |  |  |  | 313,913 |  |  |  | 273,957 |
Europe |  |  | 56,111 |  |  |  | 55,272 |  |  |  | 183,056 |  |  |  | 151,248 |
|  | $ | 487,152 |  |  | $ | 486,267 |  |  | $ | 1,614,567 |  |  | $ | 1,404,177 |
Long-lived assets:(1) |  | September 30, 2018 |  |  | December 31, 2017 |
United States |  | $ | 138,549 |  |  | $ | 124,689 |
Europe |  |  | 26,188 |  |  |  | 28,820 |
Asia |  |  | 49,801 |  |  |  | 49,645 |
|  | $ | 214,538 |  |  | $ | 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Analytical and Control Solutions Products |  | $ | 26,727 |  |  | $ | 33,068 |  |  | $ | 91,932 |  |  | $ | 97,689 |
Power, Plasma and Reactive Gas Solutions Products |  |  | 132,469 |  |  |  | 193,808 |  |  |  | 487,286 |  |  |  | 549,999 |
Vacuum Solutions Products |  |  | 126,842 |  |  |  | 81,300 |  |  |  | 423,492 |  |  |  | 248,291 |
Lasers Products |  |  | 63,999 |  |  |  | 56,623 |  |  |  | 209,459 |  |  |  | 153,866 |
Optics Products |  |  | 57,836 |  |  |  | 52,548 |  |  |  | 169,415 |  |  |  | 149,759 |
Photonics Products |  |  | 79,279 |  |  |  | 68,920 |  |  |  | 232,983 |  |  |  | 204,573 |
|  | $ | 487,152 |  |  | $ | 486,267 |  |  | $ | 1,614,567 |  |  | $ | 1,404,177 |
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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Applied Materials, Inc. |  |  | 12 | % |  |  | 12 | % |  |  | 13 | % |  |  | 13 | %
LAM Research Corporation |  |  | 8 | % |  |  | 11 | % |  |  | 11 | % |  |  | 12 | %

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