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SEGMENT INFORMATION

9 Months Ended

Jun. 29, 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 nine months ended June 29, 2019 and June 30, 2018: 

	Three months ended								Nine months ended
(in thousands)	June 29, 2019				June 30, 2018				June 29, 2019				June 30, 2018
Net revenue:
Capital Equipment	$	89,860			$	229,462			$	286,364			$	578,197
APS	37,249				39,372				113,861				126,100
Net revenue	127,109				268,834				400,225				704,297
(Loss)/income from operations:
Capital Equipment	(6,449		)		57,771				(10,563		)		116,615
APS	8,276				6,692				24,480				25,443
Income from operations	$	1,827			$	64,463			$	13,917			$	142,058

The following tables reflect capital expenditures, depreciation expense and amortization expense for the three and nine months ended June 29, 2019 and June 30, 2018.

	Three months ended								Nine months ended
(in thousands)	June 29, 2019				June 30, 2018				June 29, 2019				June 30, 2018
Capital expenditures:
Capital Equipment	$	646			$	999			$	4,118			$	4,878
APS	1,490				3,072				5,194				11,603
	$	2,136			$	4,071			$	9,312			$	16,481

	Three months ended								Nine months ended
(in thousands)	June 29, 2019				June 30, 2018				June 29, 2019				June 30, 2018
Depreciation expense:
Capital Equipment	$	1,800			$	1,926			$	5,540			$	5,601
APS	1,352				1,063				3,872				2,635
	$	3,152			$	2,989			$	9,412			$	8,236
Amortization expense:
Capital Equipment	$	989			$	1,053			$	2,999			$	3,188
APS	854				909				2,590				2,739
	$	1,843			$	1,962			$	5,589			$	5,927

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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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