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Note 12 - Segment Reporting
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2021 and 2020 were as follows:

 

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 

(in thousands)

 

2021

  

2020

  

2021

  

2020

 

Revenue:

                

United States

 $95,344  $86,823  $186,397  $176,899 

Europe

  24,655   16,729   46,104   37,516 

Japan

  3,049   3,023   6,673   7,268 

Total revenue

 $123,048  $106,575  $239,174  $221,683 

 

 

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 

(in thousands)

 

2021

  

2020

  

2021

  

2020

 

Income from Operations:

                

United States

 $26,280  $24,349  $48,783  $49,438 

Europe

  5,063   2,261   3,692   6,625 

Corporate Unallocated and Japan

  (15,239)  (12,259)  (32,110)  (24,887)

Total Income from Operations

 $16,104  $14,351  $20,365  $31,176 

 

 

Total long-lived assets at  June 30, 2021 and December 31, 2020 were as follows:

 

 

  

June 30,

  

December 31,

 

(in thousands)

 

2021

  

2020

 

Total long-lived assets:

        

United States

 $222,117  $215,721 

Europe

  60,140   59,388 

Japan

  6,238   7,557 

Total Long-lived Assets

 $288,495  $282,666 

 

 

Revenue by product line for the three and six months ended June 30, 2021 and 2020 were as follows:

 

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 

(in thousands)

 

2021

  

2020

  

2021

  

2020

 

Revenue:

                

Injection Molding

 $58,168  $57,894  $114,527  $112,670 

CNC Machining

  41,592   28,760   78,295   66,645 

3D Printing

  18,170   14,236   35,405   30,184 

Sheet Metal

  4,717   4,669   9,936   10,318 

Other Revenue

  401   1,016   1,011   1,866 

Total revenue

 $123,048  $106,575  $239,174  $221,683