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v3.23.1

Business Segment, Geographic Area, and Significant Customer Information (Tables) | 3 Months Ended
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Mar. 31, 2023
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, |
|  | 2023 |  |  | 2022 |
Vacuum Solutions Division |  | $ | 293 |  |  | $ | 474 |
Photonics Solutions Division |  |  | 197 |  |  |  | 268 |
Materials Solutions Division |  |  | 304 |  |  |  | — |
|  | $ | 794 |  |  | $ | 742 |
The following table sets forth segment assets by reportable segment:
March 31, 2023 |  | Accounts receivable, net |  |  | Inventories |  |  | Total |
Vacuum Solutions Division |  | $ | 229 |  |  | $ | 548 |  |  | $ | 777 |
Photonics Solutions Division |  |  | 194 |  |  |  | 322 |  |  |  | 516 |
Materials Solutions Division |  |  | 275 |  |  |  | 187 |  |  |  | 463 |
Corporate, Eliminations & Other |  |  | (126 | ) |  |  | — |  |  |  | (126 | )
Total segment assets |  | $ | 572 |  |  | $ | 1,058 |  |  | $ | 1,630 |
December 31, 2022 |  | Accounts receivable, net |  |  | Inventories |  |  | Total |
Vacuum Solutions Division |  | $ | 307 |  |  | $ | 491 |  |  | $ | 798 |
Photonics Solutions Division |  |  | 210 |  |  |  | 296 |  |  |  | 506 |
Materials Solutions Division |  |  | 298 |  |  |  | 190 |  |  |  | 488 |
Corporate, Eliminations & Other |  |  | (95 | ) |  |  | — |  |  |  | (95 | )
Total segment assets |  | $ | 720 |  |  | $ | 977 |  |  | $ | 1,697 |
Goodwill associated with each of the Company’s reportable segments is as follows:
|  | March 31, 2023 |  |  | December 31, 2022 |
Reportable segment: |  |  |  |  |  |
Vacuum Solutions Division |  | $ | 194 |  |  | $ | 195 |
Photonics Solutions Division |  |  | 1,027 |  |  |  | 1,026 |
Materials Solutions Division |  |  | 3,106 |  |  |  | 3,087 |
Total goodwill |  | $ | 4,327 |  |  | $ | 4,308 |
Schedule of Reconciles Gross Profit By Reportable Segment To Net (Loss) Income | The following table reconciles gross profit by reportable segment to net (loss) income:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Gross profit by reportable segment: |  |  |  |  |  |
Vacuum Solutions Division |  | $ | 108 |  |  | $ | 206 |
Photonics Solutions Division |  |  | 81 |  |  |  | 128 |
Materials Solutions Division |  |  | 147 |  |  |  | — |
Total gross profit by reportable segment |  |  | 335 |  |  |  | 334 |
Operating expenses: |  |  |  |  |  |
Research and development |  |  | 72 |  |  |  | 52 |
Selling, general and administrative |  |  | 174 |  |  |  | 92 |
Acquisition and integration costs |  |  | 6 |  |  |  | 8 |
Restructuring and other |  |  | 1 |  |  |  | 2 |
Amortization of intangible assets |  |  | 81 |  |  |  | 15 |
Gain on sale of long-lived assets |  |  | — |  |  |  | (7 | )
Income from operations |  |  | 1 |  |  |  | 172 |
Interest income |  |  | (3 | ) |  |  | — |
Interest expense |  |  | 85 |  |  |  | 6 |
Other income, net |  |  | (2 | ) |  |  | (5 | )
(Loss) income before income taxes |  |  | (79 | ) |  |  | 171 |
(Benefit) provision for income taxes |  |  | (37 | ) |  |  | 28 |
Net (loss) income |  | $ | (42 | ) |  | $ | 143 |
Reconciles Segment Assets to Total Assets | The following table reconciles segment assets to total assets:
|  | March 31, 2023 |  |  | December 31, 2022 |
Total segment assets |  | $ | 1,630 |  |  | $ | 1,697 |
Cash and cash equivalents and short-term investments |  |  | 881 |  |  |  | 910 |
Other current assets |  |  | 237 |  |  |  | 187 |
Property, plant and equipment, net |  |  | 794 |  |  |  | 800 |
Right-of-use assets, net |  |  | 240 |  |  |  | 234 |
Goodwill and intangible assets, net |  |  | 7,435 |  |  |  | 7,481 |
Other assets |  |  | 149 |  |  |  | 186 |
Total assets |  | $ | 11,366 |  |  | $ | 11,495 |
Schedule of Net Revenues and Long-Lived Assets by Geographic Regions | Intercompany sales between geographic areas are at tax transfer prices and have been eliminated from consolidated net revenues.
|  | Three Months Ended March 31, |
Net revenues: |  | 2023 |  |  | 2022 |
United States |  | $ | 254 |  |  | $ | 342 |
China |  |  | 147 |  |  |  | 67 |
South Korea |  |  | 74 |  |  |  | 83 |
Germany |  |  | 73 |  |  |  | 38 |
Other |  |  | 246 |  |  |  | 212 |
|  | $ | 794 |  |  | $ | 742 |
Long-lived assets: |  | March 31, 2023 |  |  | December 31, 2022 |
United States |  | $ | 476 |  |  | $ | 508 |
Germany |  |  | 158 |  |  |  | 160 |
China |  |  | 172 |  |  |  | 175 |
Other |  |  | 343 |  |  |  | 343 |
|  | $ | 1,150 |  |  | $ | 1,186 |

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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=121556970&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 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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