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Note 12 - Segment Reporting
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 12 – 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 months ended March 31, 2021 and 2020 were as follows:

 

 

   

Three Months Ended March 31,

  

(in thousands)

  

2021

    

2020

  

Revenue:

                

United States

   $ 91,053     $ 90,076  

Europe

     21,449       20,787  

Japan

     3,624       4,245  

Total revenue

   $ 116,126     $ 115,108  

 

 

 

   

Three Months Ended March 31,

  

(in thousands)

  

2021

    

2020

  

Income from Operations:

                

United States

   $ 22,503     $ 25,089  

Europe

     (1,371 )     4,364  

Corporate Unallocated and Japan

     (16,871 )     (12,628 )

Total Income from Operations

   $ 4,261     $ 16,825  

 

 

Total long-lived assets at  March 31, 2021 and December 31, 2020 were as follows:

 

 

   

March 31,

    

December 31,

  

(in thousands)

  

2021

    

2020

  

Total long-lived assets:

                
United States   $ 213,434     $ 215,721  
Europe     59,795       59,388  
Japan     6,672       7,557  

Total Assets

   $ 279,901     $ 282,666  

 

 

Revenue by product line for the three months ended March 31, 2021 and 2020 were as follows:

 

 

   

Three Months Ended March 31,

  

(in thousands)

  

2021

    

2020

  

Revenue:

                

Injection Molding

   $ 56,359     $ 54,776  

CNC Machining

     36,703       37,885  

3D Printing

     17,235       15,948  

Sheet Metal

     5,219       5,649  

Other Revenue

     610       850  

Total revenue

   $ 116,126     $ 115,108