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Segment Reporting and Geographic Information

12 Months Ended

Dec. 31, 2024

Segment Reporting and Geographic Information

Segment Reporting and Geographic Information

Note 16 — Segment Reporting and Geographic Information

​

The Company operates and measures its results in one operating segment and therefore has one reportable segment: the development, manufacture, sales, and support of semiconductor and thin film process equipment primarily sold to make electronic devices. The accounting policies of this one operating segment are the same as those described in the summary of significant accounting policies. The Chief Operating Decision Maker (“CODM”), the Chief Executive Officer, assesses segment performance and decides how to allocate resources based on net income that is reported on the Consolidated Statements of Operations. The measure of segment assets is reported on the Consolidated Balance Sheet as total assets. The Company does not have intra-entity sales or transfers. The CODM uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the segment or into other parts of the Company, such as for acquisitions. Net income is used to monitor forecast versus actual results. The CODM also uses net income in competitive analysis by benchmarking the Company’s competitors. The competitive analysis along with the monitoring of forecasted versus actual results are used in assessing performance of the segment. The Company regularly provides management reports to the CODM on a consolidated expense basis which includes actuals, forecasted, and budgeted information. These reports are similar to the Company’s consolidated financial statements.

There are no additional expenses categories and amounts that meet the definition of significant expense items that are regularly provided to the CODM and included in the reported measure of net income.

​

Sales by end-market is as follows:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	For the year ended December 31,
​			2024			2023			2022
​	​	​	(in thousands)
Sales by end-market	​	​	​	​	​	​	​	​	​	​
Semiconductor	​	​	$	466,611	​	$	412,724	​	$	369,369
Compound Semiconductor	​	​	​	77,591	​	​	87,258	​	​	121,194
Data Storage	​	​		98,852	​		88,473	​		87,544
Scientific & Other	​	​		74,247	​		77,980	​		68,030
Total	​	​	$	717,301	​	$	666,435	​	$	646,137

​

The Company’s significant operations outside the United States include sales and service offices in China, Europe, and Rest of APAC. For geographic reporting, sales are attributed to the location in which the customer facility is located.

​

Sales and long-lived tangible assets by geographic region are as follows:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net Sales to Unaffiliated Customers

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Long-lived Tangible Assets

​

2024

2023

2022

2024

2023

2022

​

​

(in thousands)

United States

​

$

164,564

​

$

162,790

​

$

197,433

​

$

112,966

​

$

117,594

​

$

106,550

EMEA(1)

​

61,730

​

76,697

​

87,837

​

154

​

219

​

60

China

​

​

255,619

​

​

217,942

​

​

123,703

​

​

270

​

​

182

​

​

70

Rest of APAC

​

​

234,591

​

​

208,693

​

​

235,735

​

​

399

​

​

464

​

​

601

Rest of World

​

797

​

313

​

1,429

​

—

​

—

​

—

Total

​

$

717,301

​

$

666,435

​

$

646,137

​

$

113,789

​

$

118,459

​

$

107,281

(1) EMEA consists of Europe, the Middle East, and Africa

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No definition available.

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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.

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