XML 28 R18.htm IDEA: XBRL DOCUMENT v3.20.2
Note 11 - Segment Reporting
 6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 11 – Segment Reporting

 

The Company’s reportable segments are based on the internal reporting used by the Company’s Chief Executive Officer, who is the chief operating decision maker (CODM), to assess operating performance and make decisions about the allocation of resources. The Corporate Unallocated and Japan category includes non-reportable segments, as well as research and development and general and administrative costs that the Company does not allocate directly to its operating segments.

 

Intercompany transactions primarily relate to intercontinental activity and have been eliminated and are excluded from the reported amounts. The difference between income from operations and pre-tax income relates to foreign currency-related gains and losses and interest income on cash balances and investments, which are not allocated to business segments. 

 

Revenue and income from operations by reportable segment for the three and six months ended June 30, 2020 and 2019 were as follows:

 

 

   

Three Months Ended June 30,

    

Six Months Ended June 30,

  

(in thousands)

  

2020

    

2019

    

2020

    

2019

  

Revenue:

                                

United States

   $ 86,823     $ 91,149     $ 176,899     $ 178,960  

Europe

     16,729       20,940       37,516       42,194  

Japan

     3,023       3,843       7,268       8,230  

Total revenue

   $ 106,575     $ 115,932     $ 221,683     $ 229,384  

 

 

 

   

Three Months Ended June 30,

    

Six Months Ended June 30,

  

(in thousands)

  

2020

    

2019

    

2020

    

2019

  

Income from Operations:

                                

United States

   $ 24,349     $ 27,948     $ 49,438     $ 54,258  

Europe

     2,261       3,756       6,625       7,977  

Corporate Unallocated and Japan

     (12,259 )     (12,131 )     (24,887 )     (23,214 )

Total Income from Operations

   $ 14,351     $ 19,573     $ 31,176     $ 39,021  

 

 

Total long-lived assets at  June 30, 2020 and December 31, 2019 were as follows:

 

 

   

June 30,

    

December 31,

  

(in thousands)

  

2020

    

2019

  

Total long-lived assets:

                
United States   $ 220,183     $ 210,171  
Europe     52,817       45,019  
Japan     8,129       8,522  

Total Assets

   $ 281,129     $ 263,712  

 

 

Revenue by product line for the three and six months ended June 30, 2020 and 2019 were as follows:

 

   

Three Months Ended June 30,

    

Six Months Ended June 30,

  

(in thousands)

  

2020

    

2019

    

2020

    

2019

  

Revenue:

                                

Injection Molding

   $ 57,894     $ 55,457     $ 112,670     $ 110,768  

CNC Machining

     28,760       38,888       66,645       76,760  

3D Printing

     14,236       15,266       30,184       29,746  

Sheet Metal

     4,669       5,472       10,318       10,497  

Other Revenue

     1,016       849       1,866       1,613  

Total revenue

   $ 106,575     $ 115,932     $ 221,683     $ 229,384