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

The following table presents certain data pertaining to our reportable segments and a reconciliation of segment profit (loss) to income (loss) before income taxes for the three months ended September 30, 2014 and 2013, respectively (in thousands):

 

 

 

LED & Solar

 

Data Storage

 

Unallocated

 

Total

 

Three months ended September 30, 2014

 

 

 

 

 

 

 

 

 

Net sales

 

$
76,850

 

$
16,491

 

$

—

 

$
93,341

 

Segment profit (loss)

 

$
3,767

 

$
(1,417

)

$
(4,118

)

$
(1,768

)

Interest income (expense), net

 

—

 

—

 
305

 
305

 

Depreciation

 
(2,267

)
(417

)
(216

)
(2,900

)

Amortization

 
(2,825

)
(324

)

—

 
(3,149

)

Equity-based compensation

 
(2,083

)
(647

)
(1,760

)
(4,490

)

Restructuring

 
(557

)
(1,403

)
(357

)
(2,317

)

Asset impairment

 
(2,799

)
(65

)

—

 
(2,864

)

Income (loss) before income taxes

 

$
(6,764

)

$
(4,273

)

$
(6,146

)

$
(17,183

)

Three months ended September 30, 2013

 

 

 

 

 

 

 

 

 

Net sales

 

$
75,001

 

$
24,323

 

$

—

 

$
99,324

 

Segment profit (loss)

 

$
801

 

$
2,570

 

$
(5,210

)

$
(1,839

)

Interest income (expense), net

 

—

 

—

 
192

 
192

 

Depreciation

 
(2,524

)
(435

)
(281

)
(3,240

)

Amortization

 
(531

)
(324

)

—

 
(855

)

Equity-based compensation

 
(1,016

)
(439

)
(1,308

)
(2,763

)

Restructuring

 
(793

)
(447

)

—

 
(1,240

)

Income (loss) before income taxes

 

$
(4,063

)

$
925

 

$
(6,607

)

$
(9,745

)

 

The following table presents certain data pertaining to our reportable segments and a reconciliation of segment profit (loss) to income (loss) before income taxes for the nine months ended September 30, 2014 and 2013, respectively (in thousands):

 

 

 

LED & Solar

 

Data Storage

 

Unallocated

 

Total

 

Nine months ended September 30, 2014

 

 

 

 

 

 

 

 

 

Net sales

 

$
224,759

 

$
54,545

 

$

—

 

$
279,304

 

Segment profit (loss)

 

$
8,768

 

$
(1,634

)

$
(12,808

)

$
(5,674

)

Interest income (expense), net

 

—

 

—

 
541

 
541

 

Depreciation

 
(6,760

)
(1,191

)
(747

)
(8,698

)

Amortization

 
(7,980

)
(971

)

—

 
(8,951

)

Equity-based compensation

 
(6,595

)
(2,029

)
(5,679

)
(14,303

)

Restructuring

 
(794

)
(2,359

)
(357

)
(3,510

)

Changes in contingent consideration

 
29,368

 

—

 

—

 
29,368

 

Asset impairment

 
(2,799

)
(65

)

—

 
(2,864

)

Income (loss) before income taxes

 

$
13,208

 

$
(8,249

)

$
(19,050

)

$
(14,091

)

Nine months ended September 30, 2013

 

 

 

 

 

 

 

 

 

Net sales

 

$
193,241

 

$
65,299

 

$

—

 

$
258,540

 

Segment profit (loss)

 

$
(2,327

)

$
3,531

 

$
(14,671

)

$
(13,467

)

Interest income (expense), net

 

—

 

—

 
620

 
620

 

Depreciation

 
(7,494

)
(1,142

)
(878

)
(9,514

)

Amortization

 
(1,595

)
(971

)

—

 
(2,566

)

Equity-based compensation

 
(3,042

)
(1,057

)
(4,956

)
(9,055

)

Restructuring

 
(1,216

)
(497

)
(58

)
(1,771

)

Income (loss) before income taxes

 

$
(15,674

)

$
(136

)

$
(19,943

)

$
(35,753

)

 

 

 

 

 

 

 

 

 

 

 

Schedule of reconciliation of segment assets to consolidated assets

The following table presents goodwill and total assets as of September 30, 2014 and December 31, 2013 (in thousands):

 

 

 

LED & Solar

 

Data Storage

 

Unallocated

 

Total

 

As of September 30, 2014

 

 

 

 

 

 

 

 

 

Goodwill

 

$
91,521 

 

$

—

 

$

—

 

$
91,521 

 

Total assets

 

$
388,745 

 

$
33,936 

 

$
533,717 

 

$
956,398 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2013

 

 

 

 

 

 

 

 

 

Goodwill

 

$
91,348 

 

$

—

 

$

—

 

$
91,348 

 

Total assets

 

$
359,464 

 

$
37,910 

 

$
550,595 

 

$
947,969