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Segment Information | 12 Months Ended
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Dec. 31, 2015
Segment Reporting [Abstract] |
Segment Information | 16. Segment Information Reportable Segments The Company evaluates the performance of, and allocates resources to, its segments based on revenue, gross profit and operating profit. The Company’s reportable segments have been identified based on commonality and adjacency of technologies, applications and customers amongst the Company’s individual product lines. We operate in three reportable segments: Laser Products, Vision Technologies (formerly known as Medical Technologies), and Precision Motion. The reportable segments and their principal activities consist of the following: Laser Products The Laser Products segment designs, manufactures and markets photonics-based solutions, including CO2 laser sources, laser scanning and beam delivery products, to customers worldwide. The segment serves highly demanding photonics-based applications such as industrial material processing, metrology, medical and life science imaging, and medical laser procedures. The vast majority of the segment’s product offerings are sold to OEM customers. The segment sells these products both directly, utilizing a highly technical sales force, and indirectly, through resellers and distributors. Vision Technologies The Vision Technologies segment designs, manufactures and markets a range of medical grade technologies, including visualization solutions, imaging informatics products, optical data collection and machine vision technologies, radio frequency identification technologies (RFID), thermal printers, and light and color measurement instrumentation to customers worldwide. The vast majority of the segment’s product offerings are sold to OEM customers. 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, precision motor and motion control technology, air bearing spindles and precision machined components to customers worldwide. The vast majority of the segment’s product offerings are sold into the advanced industrial market and the medical market. The segment sells these products both directly, utilizing a highly technical sales force, and indirectly, through resellers and distributors. Reportable Segment Financial Information Revenue, gross profit, operating income (loss) from continuing operations, depreciation and amortization, accounts receivable and inventory by reportable segments are as follows (in thousands):
| Year Ended December 31, |
| 2015 |  |  | 2014 |  |  | 2013 |
Revenue |  |  |  |  |  |  |  |  |  |  |
Laser Products | $ | 168,331 |  |  | $ | 177,726 |  |  | $ | 166,598 |
Vision Technologies |  | 124,725 |  |  |  | 122,187 |  |  |  | 90,276 |
Precision Motion |  | 80,542 |  |  |  | 64,793 |  |  |  | 60,036 |
Total | $ | 373,598 |  |  | $ | 364,706 |  |  | $ | 316,910 |
| Year Ended December 31, |
| 2015 |  |  | 2014 |  |  | 2013 |
Gross Profit |  |  |  |  |  |  |  |  |  |  |
Laser Products | $ | 73,602 |  |  | $ | 74,224 |  |  | $ | 68,819 |
Vision Technologies |  | 48,966 |  |  |  | 48,678 |  |  |  | 35,824 |
Precision Motion |  | 36,709 |  |  |  | 28,333 |  |  |  | 27,778 |
Unallocated Corporate and Shared Services |  | (1,387 | ) |  |  | (1,068 | ) |  |  | (194 | )
Total | $ | 157,890 |  |  | $ | 150,167 |  |  | $ | 132,227 |
| Year Ended December 31, |
| 2015 |  |  | 2014 |  |  | 2013 |
Operating Income (Loss) from Continuing Operations |  |  |  |  |  |  |  |  |  |  |
Laser Products | $ | 35,971 |  |  | $ | 33,053 |  |  | $ | 25,143 |
Vision Technologies |  | (2,057 | ) |  |  | (43,079 | ) |  |  | 3,566 |
Precision Motion |  | 16,877 |  |  |  | 13,023 |  |  |  | 12,062 |
Unallocated Corporate and Shared Services |  | (21,858 | ) |  |  | (19,803 | ) |  |  | (21,325 | )
Total | $ | 28,933 |  |  | $ | (16,806 | ) |  | $ | 19,446 |
| Year Ended December 31, |
| 2015 |  |  | 2014 |  |  | 2013 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |
Laser Products | $ | 6,083 |  |  | $ | 6,481 |  |  | $ | 6,335 |
Vision Technologies |  | 8,599 |  |  |  | 13,254 |  |  |  | 8,808 |
Precision Motion |  | 2,533 |  |  |  | 1,943 |  |  |  | 1,979 |
Unallocated Corporate and Shared Services |  | 2,981 |  |  |  | 2,743 |  |  |  | 2,828 |
Total | $ | 20,196 |  |  | $ | 24,421 |  |  | $ | 19,950 |
| December 31, |
| 2015 |  |  | 2014 |
Accounts Receivable |  |  |  |  |  |  |
Laser Products |  | 21,763 |  |  |  | 24,083 |
Vision Technologies |  | 21,691 |  |  |  | 18,922 |
Precision Motion |  | 13,734 |  |  |  | 8,489 |
Total accounts receivable |  | 57,188 |  |  |  | 51,494 |
Inventory |  |  |  |  |  |  |
Laser Products |  | 29,501 |  |  |  | 34,947 |
Vision Technologies |  | 19,583 |  |  |  | 19,596 |
Precision Motion |  | 10,482 |  |  |  | 8,400 |
Total inventory |  | 59,566 |  |  |  | 62,943 |
Total segment assets |  | 116,754 |  |  |  | 114,437 |
| December 31, |
| 2015 |  |  | 2014 |
Total Assets |  |  |  |  |  |  |
Total segment assets |  | 116,754 |  |  |  | 114,437 |
Cash and cash equivalents |  | 59,959 |  |  |  | 51,146 |
Income taxes receivable |  | 2,510 |  |  |  | 5,906 |
Deferred tax assets |  | — |  |  |  | 5,971 |
Prepaid expenses and other current assets |  | 5,989 |  |  |  | 5,081 |
Assets of discontinued operations |  | — |  |  |  | 631 |
Property, plant and equipment, net |  | 40,550 |  |  |  | 40,088 |
Deferred tax assets |  | 7,885 |  |  |  | 2,912 |
Other assets |  | 12,673 |  |  |  | 12,134 |
Intangible assets, net |  | 66,269 |  |  |  | 67,242 |
Goodwill |  | 103,456 |  |  |  | 90,746 |
Total | $ | 416,045 |  |  | $ | 396,294 |
Geographic Information The Company aggregates geographic revenue based on the customer location where products are shipped. Revenue to these customers is as follows (in thousands, except percentage data):
| Year Ended December 31, |
| 2015 |  |  | 2014 |  |  | 2013 |
| Revenue |  |  | % of Total |  |  | Revenue |  |  | % of Total |  |  | Revenue |  |  | % of Total |
United States | $ | 154,825 |  |  |  | 41.4 | % |  | $ | 140,973 |  |  |  | 38.7 | % |  | $ | 107,892 |  |  |  | 34.0 | %
Germany |  | 54,743 |  |  |  | 14.7 |  |  |  | 59,029 |  |  |  | 16.2 |  |  |  | 56,287 |  |  |  | 17.8 |
Rest of Europe |  | 48,277 |  |  |  | 12.9 |  |  |  | 54,308 |  |  |  | 14.9 |  |  |  | 45,698 |  |  |  | 14.4 |
China |  | 38,491 |  |  |  | 10.3 |  |  |  | 40,792 |  |  |  | 11.2 |  |  |  | 37,651 |  |  |  | 11.9 |
Rest of Asia-Pacific |  | 62,467 |  |  |  | 16.7 |  |  |  | 58,830 |  |  |  | 16.1 |  |  |  | 57,802 |  |  |  | 18.2 |
Other |  | 14,795 |  |  |  | 4.0 |  |  |  | 10,774 |  |  |  | 2.9 |  |  |  | 11,580 |  |  |  | 3.7 |
Total | $ | 373,598 |  |  |  | 100.0 | % |  | $ | 364,706 |  |  |  | 100.0 | % |  | $ | 316,910 |  |  |  | 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 is as follows (in thousands):
| December 31, |
| 2015 |  |  | 2014 |
United States | $ | 34,907 |  |  | $ | 32,988 |
Europe |  | 4,014 |  |  |  | 5,318 |
China |  | 1,593 |  |  |  | 1,705 |
Asia-Pacific and other |  | 36 |  |  |  | 77 |
Total | $ | 40,550 |  |  | $ | 40,088 |
Significant Customers No customer accounted for greater than 10% of the Company’s sales during the years ended December 31, 2015, 2014 or 2013.

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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 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: 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=51669610&loc=d3e9038-108599 Reference 3: 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=51669610&loc=d3e8971-108599 Reference 4: 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=51669610&loc=d3e8595-108599 Reference 5: 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=51669610&loc=d3e8380-108599 Reference 6: 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=51669610&loc=d3e8933-108599 Reference 7: 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=51669610&loc=d3e8844-108599 Reference 8: 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=51669610&loc=d3e8984-108599 Reference 9: 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=51669610&loc=d3e9031-108599 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=51669610&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 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: 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=51669610&loc=d3e8864-108599 Reference 13: 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=51669610&loc=d3e8924-108599 Reference 14: 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=51669610&loc=d3e8906-108599 + Details
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