XML 54 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment and Geographic Information
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment and Geographic Information

NOTE 19:  Segment and Geographic Information

The Company has two reportable segments: the Modular Vision Systems Division (MVSD) and the Surface Inspection Systems Division (SISD). MVSD develops, manufactures, and markets modular vision systems and ID products that are used to automate the manufacture and tracking of discrete items by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. SISD develops, manufactures, and markets surface inspection vision systems that are used to inspect surfaces of materials processed in a continuous fashion, such as metals, papers, nonwoven, plastics, and glass, to ensure there are no flaws or defects on the surfaces. Segments are determined based upon the way that management organizes its business for making operating decisions and assessing performance. The Company evaluates segment performance based upon income or loss from operations, excluding stock-based compensation expense.

The following table summarizes information about the Company’s segments (in thousands):

 

     MVSD      SISD      Reconciling
Items		     Consolidated  

Year Ended December 31, 2013

           

Product revenue

    $     298,186       $     28,600         $     326,786   

Service revenue

      9,465         17,635           27,100   

Depreciation and amortization

      9,569         1,078       $ 455        11,102   

Goodwill and intangibles

      90,718         5,694         -        96,412   

Operating income

      99,383         8,990         (22,005 )      86,368   

Year Ended December 31, 2012

           

Product revenue

    $ 263,308       $ 32,280         $ 295,588   

Service revenue

      10,388         18,303           28,691   

Depreciation and amortization

      9,505         963       $ 390        10,858   

Goodwill and intangibles

      90,390         6,069         -        96,459   

Operating income

      89,378         11,941         (17,912 )      83,407   

Year Ended December 31, 2011

           

Product revenue

    $ 264,956       $ 32,354         $ 297,310   

Service revenue

      8,717         15,887           24,604   

Depreciation and amortization

      8,445         908       $ 403        9,756   

Goodwill and intangibles

      94,322         6,617         -        100,939   

Operating income

      94,201         10,301         (19,147 )      85,355   

 

Reconciling items consist of stock-based compensation expense and unallocated corporate expenses, which primarily include corporate headquarters costs, professional fees, and patent infringement litigation. Additional asset information by segment is not produced internally for use by the chief operating decision maker, and therefore, is not presented. Additional asset information is not provided because cash and investments are commingled and the segments share assets and resources in a number of locations around the world.

No customer accounted for greater than 10% of total revenue in 2013, 2012, or 2011.

The following table summarizes information about geographic areas (in thousands):

 

     United States      Europe      Japan      Other      Total  

Year Ended December 31, 2013

               

Product revenue

    $ 103,610       $     104,497       $     33,763       $     84,916       $     326,786   

Service revenue

      13,505         6,012         4,103         3,480         27,100   

Long-lived assets

      118,619         5,059         1,732         10,276         135,686   

Year Ended December 31, 2012

               

Product revenue

    $ 87,877       $ 95,376       $ 38,151       $ 74,184       $ 295,588   

Service revenue

      13,248         6,083         5,043         4,317         28,691   

Long-lived assets

      120,596         4,939         2,229         6,342         134,106   

Year Ended December 31, 2011

               

Product revenue

    $ 87,166       $ 100,984       $ 45,295       $ 63,865       $ 297,310   

Service revenue

      10,796         6,343         4,147         3,318         24,604   

Long-lived assets

      121,174         10,811         2,773         952         135,710   

Revenue is presented geographically based upon the customer’s country of domicile.