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SEGMENT INFORMATION

6 Months Ended

Mar. 30, 2019

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

Reportable segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker in deciding how to allocate resources and to assess performance. The Company's Chief Executive Officer is the Company's chief operating decision maker. The chief operating decision maker does not review discrete asset information. The Company operates two reportable segments consisting of: (i) Capital Equipment; and (ii) Aftermarket Products and Services ("APS").

The following table reflects operating information by segment for the three and six months ended March 30, 2019 and March 31, 2018: 

	Three months ended								Six months ended
(in thousands)	March 30, 2019				March 31, 2018				March 30, 2019				March 31, 2018
Net revenue:
Capital Equipment	$	80,567			$	177,132			$	196,505			$	348,735
APS	35,341				44,640				76,611				86,728
Net revenue	115,908				221,772				273,116				435,463
(Loss)/income from operations:
Capital Equipment	(9,244		)		28,863				(4,114		)		58,844
APS	6,779				9,573				16,204				18,751
(Loss)/income from operations	$	(2,465	)		$	38,436			$	12,090			$	77,595

The following tables reflect capital expenditures, depreciation expense and amortization expense for the three and six months ended March 30, 2019 and March 31, 2018.

	Three months ended								Six months ended
(in thousands)	March 30, 2019				March 31, 2018				March 30, 2019				March 31, 2018
Capital expenditures:
Capital Equipment	$	1,288			$	2,044			$	3,472			$	3,879
APS	946				4,109				3,704				8,531
	$	2,234			$	6,153			$	7,176			$	12,410

	Three months ended								Six months ended
(in thousands)	March 30, 2019				March 31, 2018				March 30, 2019				March 31, 2018
Depreciation expense:
Capital Equipment	$	2,002			$	1,887			$	3,740			$	3,675
APS	1,366				835				2,520				1,572
	$	3,368			$	2,722			$	6,260			$	5,247
Amortization expense:
Capital Equipment	$	1,003			$	1,092			$	2,010			$	2,135
APS	866				930				1,736				1,830
	$	1,869			$	2,022			$	3,746			$	3,965

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- References

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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