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Segment Information | 12 Months Ended
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Dec. 31, 2013
Segment Information | 17. Segment Information Reportable Segments The Company evaluates the performance of, and allocates resources to, its segments based on sales, gross profit and operating profit. The Company reports assets on a consolidated basis to the chief operating decision maker, which is the Chief Executive Officer. The Company’s reportable segments have been identified based on commonality of end markets, customers, applications and technologies amongst the Company’s individual product lines, which is consistent with the Company’s operating structure, associated management structure, and management compensation programs. The Company previously operated in two reportable segments: Laser Products and Precision Technologies. As a result of restructuring activities, the Company’s divestitures, the acquisition of NDS, changes in organizational structure and reallocation of resources, the Company realigned its reportable segments during the fourth quarter of 2013 into three segments: Laser Products, Medical Technologies and Precision Motion. The Laser Products segment is comprised of four product lines: laser scanners, sealed CO2 lasers, fiber lasers, and scientific lasers. The Medical Technologies segment consists of four product lines: visualization solutions, imaging informatics, thermal printers and light and color measurement instrumentation. The Precision Motion segment consists of two product lines: optical encoders and air bearing spindles. The Company’s reportable segments are the same as our operating segments. The segment realignment was based on the following factors: (i) customers and sales channel overlap; (ii) adjacency of the technologies and commonality amongst customer applications; (iii) Chief Operating Decision Maker’s (“CODM”) allocation of resources; (iv) better alignment of the product and technology platforms around our acquisition strategy; (v) grouping together those product lines whose organizational and operating cost structures present opportunities for further integration and consolidation in the future; and (vi) the strategy to compensate the CODM. The CODM’s variable compensation is based on overall company performance. The new reportable segments and their principal activities consist of the following: Laser Products The Laser Products segment designs, manufactures and markets photonics-based solutions to customers worldwide. The segment serves highly demanding photonics-based applications such as industrial material processing, and medical and life science imaging and laser procedures. The vast majority of the segment’s product offerings are sold to OEM customers. The business sells these products both directly, utilizing a highly technical sales force, and indirectly, through resellers and distributors. Medical Technologies The Medical Technologies segment designs, manufactures and markets a range of medical grade technologies, including visualization solutions, imaging informatics products, thermal printers, and light and color measurement instrumentation to customers worldwide. The segment sells these products both directly, utilizing a highly technical sales force, and indirectly, through resellers and distributors. Precision Motion The Precision Motion segment designs, manufactures and markets optical encoders and air bearing spindles to customers worldwide. The vast majority of the segment’s product offerings are sold to OEM customers. The vast majority of the segment’s product offerings are sold to into the electronics, industrial and to a lesser extent the medical markets. The segment sells these products both directly, utilizing a highly technical sales force, and indirectly, through resellers and distributors. Reportable Segment Financial Information The following table represents sales and gross margin of the Company’s reportable segments (in thousands):
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Sales |  |  |  |  |  |  |  |  |  |  |  |
Laser Products |  | $ | 191,300 |  |  | $ | 186,341 |  |  | $ | 196,014 |
Medical Technologies |  |  | 90,276 |  |  |  | 25,915 |  |  |  | 27,285 |
Precision Motion |  |  | 60,036 |  |  |  | 59,242 |  |  |  | 80,997 |
Total |  | $ | 341,612 |  |  | $ | 271,498 |  |  | $ | 304,296 |
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Gross Profit |  |  |  |  |  |  |  |  |  |  |  |
Laser Products |  | $ | 76,040 |  |  | $ | 75,456 |  |  | $ | 85,891 |
Medical Technologies |  |  | 35,824 |  |  |  | 13,149 |  |  |  | 13,647 |
Precision Motion |  |  | 27,779 |  |  |  | 26,796 |  |  |  | 35,552 |
Corporate, Shared Services, and Unallocated |  |  | (194 | ) |  |  | (925 | ) |  |  | (1,990 | )
Total |  | $ | 139,449 |  |  | $ | 114,476 |  |  | $ | 133,100 |
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Operating Income |  |  |  |  |  |  |  |  |  |  |  |
Laser Products |  | $ | 23,388 |  |  | $ | 19,225 |  |  | $ | 28,572 |
Medical Technologies |  |  | 3,566 |  |  |  | 8,285 |  |  |  | 8,855 |
Precision Motion |  |  | 12,062 |  |  |  | 9,482 |  |  |  | 15,675 |
Corporate, Shared Services, and Unallocated |  |  | (21,325 | ) |  |  | (21,985 | ) |  |  | (17,254 | )
Total |  | $ | 17,691 |  |  | $ | 15,007 |  |  | $ | 35,848 |
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |  |
Laser Products |  | $ | 7,119 |  |  | $ | 9,192 |  |  | $ | 7,503 |
Medical Technologies |  |  | 8,808 |  |  |  | 702 |  |  |  | 688 |
Precision Motion |  |  | 1,979 |  |  |  | 2,066 |  |  |  | 2,768 |
Corporate, Shared Services, and Unallocated |  |  | 2,828 |  |  |  | 3,467 |  |  |  | 3,507 |
Total |  | $ | 20,734 |  |  | $ | 15,427 |  |  | $ | 14,466 |
Geographic Information The Company aggregates geographic sales based on the customer location where products are shipped. Sales to these customers are as follows (in thousands except percentage data):
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | Sales |  |  | % of Total |  |  | Sales |  |  | % of Total |  |  | Sales |  |  | % of Total |
United States |  | $ | 115,351 |  |  |  | 33.8 | % |  | $ | 86,310 |  |  |  | 31.8 | % |  | $ | 102,792 |  |  |  | 33.8 | %
Germany |  |  | 57,873 |  |  |  | 16.9 |  |  |  | 36,554 |  |  |  | 13.4 |  |  |  | 43,805 |  |  |  | 14.4 |
Rest of Europe |  |  | 51,349 |  |  |  | 15.0 |  |  |  | 45,261 |  |  |  | 16.7 |  |  |  | 47,832 |  |  |  | 15.7 |
Asia-Pacific |  |  | 75,016 |  |  |  | 22.0 |  |  |  | 67,717 |  |  |  | 24.9 |  |  |  | 72,201 |  |  |  | 23.7 |
Japan |  |  | 29,689 |  |  |  | 8.7 |  |  |  | 27,808 |  |  |  | 10.2 |  |  |  | 30,597 |  |  |  | 10.1 |
Other |  |  | 12,334 |  |  |  | 3.6 |  |  |  | 7,848 |  |  |  | 3.0 |  |  |  | 7,069 |  |  |  | 2.3 |
Total |  | $ | 341,612 |  |  |  | 100.0 | % |  | $ | 271,498 |  |  |  | 100.0 | % |  | $ | 304,296 |  |  |  | 100.0 | %
Long-lived assets consist of property, plant and equipment, net, and are aggregated based on the location of the assets. A summary of these long-lived assets are as follows (in thousands):
|  | December 31, |
|  | 2013 |  |  | 2012 |
United States |  | $ | 23,691 |  |  | $ | 22,679 |
Europe |  |  | 5,626 |  |  |  | 5,963 |
Japan |  |  | 159 |  |  |  | 208 |
Asia-Pacific and other |  |  | 3,014 |  |  |  | 3,488 |
Total |  | $ | 32,490 |  |  | $ | 32,338 |
Significant Customers No customers accounted for greater than 10% of the Company’s sales during the years ended December 31, 2013, 2012 or 2011.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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