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

9 Months Ended

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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