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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2014
Segment Information  
Information related to reportable segments and a reconciliation of segment profit (loss) to income (loss) before income taxes

The following tables present certain data pertaining to our reportable segments and a reconciliation of segment profit (loss) to income (loss) before income taxes for the three and six months ended June 30, 2014 and 2013, respectively, and goodwill and total assets as of June 30, 2014 and December 31, 2013 (in thousands):

 

 

 

LED & Solar

 

Data Storage

 

Unallocated

 

Total

 

Three months ended June 30, 2014

 

 

 

 

 

 

 

 

 

Net sales

 

$

77,154

 

$

17,968

 

$

—

 

$

95,122

 

Segment profit (loss)

 

$

(1,616

)

$

(343

)

$

(5,021

)

$

(6,980

)

Interest income (expense), net

 

—

 

—

 

72

 

72

 

Amortization

 

(2,576

)

(323

)

—

 

(2,899

)

Equity-based compensation

 

(2,339

)

(683

)

(2,069

)

(5,091

)

Restructuring

 

(73

)

(728

)

—

 

(801

)

Income (loss) before income taxes

 

$

(6,604

)

$

(2,077

)

$

(7,018

)

$

(15,699

)

Three months ended June 30, 2013

 

 

 

 

 

 

 

 

 

Net sales

 

$

75,933

 

$

21,502

 

$

—

 

$

97,435

 

Segment profit (loss)

 

$

3,124

 

$

(121

)

$

(5,247

)

$

(2,244

)

Interest income (expense), net

 

—

 

—

 

236

 

236

 

Amortization

 

(532

)

(323

)

—

 

(855

)

Equity-based compensation

 

(1,316

)

(488

)

(1,909

)

(3,713

)

Income (loss) before income taxes

 

$

1,276

 

$

(932

)

$

(6,920

)

$

(6,576

)

 

 

 

LED & Solar

 

Data Storage

 

Unallocated

 

Total

 

Six months ended June 30, 2014

 

 

 

 

 

 

 

 

 

Net sales

 

$

147,909

 

$

38,054

 

$

—

 

$

185,963

 

Segment profit (loss)

 

$

508

 

$

(991

)

$

(9,221

)

$

(9,704

)

Interest income (expense), net

 

—

 

—

 

236

 

236

 

Amortization

 

(5,155

)

(647

)

—

 

(5,802

)

Equity-based compensation

 

(4,512

)

(1,382

)

(3,919

)

(9,813

)

Restructuring

 

(237

)

(956

)

—

 

(1,193

)

Changes in contingent consideration

 

29,368

 

—

 

—

 

29,368

 

Income (loss) before income taxes

 

$

19,972

 

$

(3,976

)

$

(12,904

)

$

3,092

 

Six months ended June 30, 2013

 

 

 

 

 

 

 

 

 

Net sales

 

$

118,240

 

$

40,976

 

$

—

 

$

159,216

 

Segment profit (loss)

 

$

(8,098

)

$

254

 

$

(10,058

)

$

(17,902

)

Interest income (expense), net

 

—

 

—

 

428

 

428

 

Amortization

 

(1,064

)

(647

)

—

 

(1,711

)

Equity-based compensation

 

(2,026

)

(618

)

(3,648

)

(6,292

)

Restructuring

 

(423

)

(50

)

(58

)

(531

)

Income (loss) before income taxes

 

$

(11,611

)

$

(1,061

)

$

(13,336

)

$

(26,008

)

 
Schedule of reconciliation of segment assets to consolidated assets

 

 

 

LED & Solar

 

Data Storage

 

Unallocated

 

Total

 

As of June 30, 2014

 

 

 

 

 

 

 

 

 

Goodwill

 

$

91,521

 

$

—

 

$

—

 

$

91,521

 

Total assets

 

$

384,903

 

$

35,611

 

$

536,558

 

$

957,072

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2013

 

 

 

 

 

 

 

 

 

Goodwill

 

$

91,348

 

$

—

 

$

—

 

$

91,348

 

Total assets

 

$

359,464

 

$

37,910

 

$

550,595

 

$

947,969