XML 56 R41.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Segment Reporting [Abstract] |
Revenue, Gross Profit, Operating Income (Loss) from Continuing Operations, Depreciation and Amortization, Accounts Receivable and Inventory by Reportable Segments | 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 |
Schedule of Geographic Revenue | 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 | %
Summary of Long-lived Assets | 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 |

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration