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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Revenue, Gross Profit, Gross Profit Margin, Operating Income (Loss), and Depreciation and Amortization Expenses by Reportable Segment | Revenue, gross profit, gross profit margin, operating income (loss), and depreciation and amortization expenses by reportable segment were as follows (in thousands, except percentage data):
| Three Months Ended |  |  | Nine Months Ended |
| September 30, |  |  | October 1, |  |  | September 30, |  |  | October 1, |
Revenue | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Photonics | $ | 70,799 |  |  | $ | 55,263 |  |  | $ | 203,042 |  |  | $ | 176,113 |
Vision |  | 73,345 |  |  |  | 65,346 |  |  |  | 200,911 |  |  |  | 196,429 |
Precision Motion |  | 78,814 |  |  |  | 57,117 |  |  |  | 238,577 |  |  |  | 135,291 |
Total | $ | 222,958 |  |  | $ | 177,726 |  |  | $ | 642,530 |  |  | $ | 507,833 |
| Three Months Ended |  |  | Nine Months Ended |
| September 30, |  |  | October 1, |  |  | September 30, |  |  | October 1, |
Gross Profit | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Photonics | $ | 34,699 |  |  | $ | 25,311 |  |  | $ | 94,268 |  |  | $ | 83,014 |
Vision |  | 28,201 |  |  |  | 24,763 |  |  |  | 79,966 |  |  |  | 76,132 |
Precision Motion |  | 36,832 |  |  |  | 27,743 |  |  |  | 113,846 |  |  |  | 64,694 |
Unallocated Corporate and Shared Services |  | (1,324 | ) |  |  | (1,519 | ) |  |  | (4,151 | ) |  |  | (6,396 | )
Total | $ | 98,408 |  |  | $ | 76,298 |  |  | $ | 283,929 |  |  | $ | 217,444 |
| Three Months Ended |  |  | Nine Months Ended |
| September 30, |  |  | October 1, |  |  | September 30, |  |  | October 1, |
Gross Profit Margin | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Photonics |  | 49.0 | % |  |  | 45.8 | % |  |  | 46.4 | % |  |  | 47.1 | %
Vision |  | 38.4 | % |  |  | 37.9 | % |  |  | 39.8 | % |  |  | 38.8 | %
Precision Motion |  | 46.7 | % |  |  | 48.6 | % |  |  | 47.7 | % |  |  | 47.8 | %
Total |  | 44.1 | % |  |  | 42.9 | % |  |  | 44.2 | % |  |  | 42.8 | %
| Three Months Ended |  |  | Nine Months Ended |
| September 30, |  |  | October 1, |  |  | September 30, |  |  | October 1, |
Operating Income (Loss) | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Photonics | $ | 18,351 |  |  | $ | 9,294 |  |  | $ | 45,782 |  |  | $ | 35,885 |
Vision |  | 8,744 |  |  |  | 5,606 |  |  |  | 20,811 |  |  |  | 12,178 |
Precision Motion |  | 15,800 |  |  |  | 14,957 |  |  |  | 48,222 |  |  |  | 34,681 |
Unallocated Corporate and Shared Services |  | (14,234 | ) |  |  | (14,582 | ) |  |  | (38,580 | ) |  |  | (40,378 | )
Total | $ | 28,661 |  |  | $ | 15,275 |  |  | $ | 76,235 |  |  | $ | 42,366 |
| Three Months Ended |  |  | Nine Months Ended |
| September 30, |  |  | October 1, |  |  | September 30, |  |  | October 1, |
Depreciation and Amortization Expenses | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Photonics | $ | 2,760 |  |  | $ | 2,901 |  |  | $ | 8,234 |  |  | $ | 8,703 |
Vision |  | 4,240 |  |  |  | 5,239 |  |  |  | 12,989 |  |  |  | 15,793 |
Precision Motion |  | 6,050 |  |  |  | 2,691 |  |  |  | 19,467 |  |  |  | 5,916 |
Unallocated Corporate and Shared Services |  | 93 |  |  |  | 59 |  |  |  | 309 |  |  |  | 201 |
Total | $ | 13,143 |  |  | $ | 10,890 |  |  | $ | 40,999 |  |  | $ | 30,613 |
Schedule of Geographic Revenue | The Company aggregates geographic revenue based on the customer locations where products are shipped to. Revenue by geography was as follows (in thousands):
| Three Months Ended |  |  | Nine Months Ended |
| September 30, |  |  | October 1, |  |  | September 30, |  |  | October 1, |
| 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
United States | $ | 99,230 |  |  | $ | 72,972 |  |  | $ | 268,585 |  |  | $ | 191,699 |
Germany |  | 34,625 |  |  |  | 25,313 |  |  |  | 99,526 |  |  |  | 71,448 |
Rest of Europe |  | 33,996 |  |  |  | 34,163 |  |  |  | 105,327 |  |  |  | 105,338 |
China |  | 24,209 |  |  |  | 22,230 |  |  |  | 80,877 |  |  |  | 68,286 |
Rest of Asia-Pacific |  | 26,886 |  |  |  | 21,256 |  |  |  | 74,400 |  |  |  | 64,765 |
Other |  | 4,012 |  |  |  | 1,792 |  |  |  | 13,815 |  |  |  | 6,297 |
Total | $ | 222,958 |  |  | $ | 177,726 |  |  | $ | 642,530 |  |  | $ | 507,833 |
Revenue By End Market | The Company primarily operates in two end markets: the medical market and the advanced industrial market. Revenue by end market was approximately as follows:
| Three Months Ended |  |  | Nine Months Ended |
| September 30, |  |  | October 1, |  |  | September 30, |  |  | October 1, |
| 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Medical |  | 50 | % |  |  | 53 | % |  |  | 48 | % |  |  | 53 | %
Advanced Industrial |  | 50 | % |  |  | 47 | % |  |  | 52 | % |  |  | 47 | %
Total |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  |  | 100 | %

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