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

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Net Revenues, Assets and Goodwill by Reportable Segment

The following table sets forth net revenues by reportable segment:

		Three Months Ended March 31,
		2019				2018
Vacuum & Analysis		$	234,355			$	348,344
Light & Motion			193,988				205,931
Equipment & Solutions			35,218				—
		$	463,561			$	554,275

The following table sets forth segment assets by reportable segment:

March 31, 2019:		Vacuum & Analysis				Light & Motion				Equipment & Solutions				Corporate, Eliminations & Other				Total
Segment assets:
Accounts receivable		$	160,040			$	139,592			$	51,088			$	(14,730	)		$	335,990
Inventory, net			225,431				164,603				85,690				(91	)			475,633
Total segment assets		$	385,471			$	304,195			$	136,778			$	(14,821	)		$	811,623

December 31, 2018:		Vacuum & Analysis				Light & Motion				Equipment & Solutions				Corporate, Eliminations & Other				Total
Segment assets:
Accounts receivable		$	171,604			$	140,658			$	—			$	(16,808	)		$	295,454
Inventory, net			222,965				161,658				—				66				384,689
Total segment assets		$	394,569			$	302,316			$	—			$	(16,742	)		$	680,143

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

		March 31, 2019				December 31, 2018
Reportable segment:
Vacuum & Analysis		$	196,937			$	197,126
Light & Motion			388,896				389,870
Equipment & Solutions			471,498				—
Total goodwill		$	1,057,331			$	586,996

Reconciliation of Segment Gross Profit to Consolidated Net Income

The following table sets forth a reconciliation of segment gross profit to consolidated net income:

		Three Months Ended March 31,
		2019				2018
Gross profit by reportable segment:
Vacuum & Analysis		$	98,139			$	158,500
Light & Motion			92,741				104,355
Equipment & Solutions			7,238				—
Total gross profit by reportable segment			198,118				262,855
Operating expenses:
Research and development			38,933				34,857
Selling, general and administrative			82,455				82,949
Fees and expenses related to incremental term loan			5,847				—
Acquisition and integration costs			30,167				—
Restructuring			223				1,220
Customer contract obligation			1,700				—
Environmental costs			—				1,000
Amortization of intangible assets			15,727				11,190
Income from operations			23,066				131,639
Interest and other expense, net			7,730				4,897
Income before income taxes			15,336				126,742
Provision for income taxes			2,881				21,621
Net income		$	12,455			$	105,121

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

The following table sets forth capital expenditures by reportable segment for the three months ended March 31, 2019 and 2018:

		Vacuum & Analysis				Light & Motion				Equipment & Solutions				Total
Three Months Ended March 31, 2019:
Capital expenditures		$	7,488			$	5,154			$	1,887			$	14,529
Three Months Ended March 31, 2018:
Capital expenditures		$	6,197			$	3,193			$	—			$	9,390

The following table sets forth depreciation and amortization by reportable segment for the three months ended March 31, 2019 and 2018:

		Vacuum & Analysis				Light & Motion				Equipment & Solutions				Total
Three Months Ended March 31, 2019:
Depreciation and amortization		$	4,045			$	14,140			$	7,026			$	25,211
Three Months Ended March 31, 2018
Depreciation and amortization		$	5,129			$	15,363			$	—			$	20,492

Reconciliation of Segment Assets to Consolidated Total Assets

The following is a reconciliation of segment assets to consolidated total assets:

		March 31, 2019				December 31, 2018
Total segment assets		$	811,623			$	680,143
Cash and cash equivalents and investments			472,692				728,461
Other current assets			86,387				65,790
Property, plant and equipment, net			251,424				194,367
Right-of-use asset			65,628				—
Goodwill and intangible assets, net			1,676,422				906,803
Other assets			48,562				38,682
Consolidated total assets		$	3,412,738			$	2,614,246

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 March 31,
		2019				2018
Net revenues:
United States		$	224,347			$	276,720
Korea			35,802				54,011
Japan			42,102				58,274
Asia (excluding Korea and Japan)			101,327				101,384
Europe			59,983				63,886
		$	463,561			$	554,275

		March 31, 2019				December 31, 2018
Long-lived assets:(1)
United States		$	198,747			$	146,687
Europe			29,983				26,794
Asia			57,523				50,572
		$	286,253			$	224,053

⁽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 Company groups its product offerings into three groups based upon the similarity of product function as follows:

		Three Months Ended March 31,
		2019				2018
Advanced Manufacturing Components		$	371,345			$	496,677
Global Service			66,198				57,598
Advanced Manufacturing Systems			26,018				—
		$	463,561			$	554,275

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