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Note 13 - Segment Reporting
 3 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 13 – 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, 2022 and 2021 were as follows:

 

   

Three Months Ended March 31,

  

(in thousands)

  

2022

    

2021

  

Revenue:

                

United States

   $ 95,496     $ 91,053  

Europe

     24,586       21,449  

Japan

     4,086       3,624  

Total revenue

   $ 124,168     $ 116,126  

 

 

 

   

Three Months Ended March 31,

  

(in thousands)

  

2022

    

2021

  

Income (Loss) from Operations:

                

United States

   $ 22,524     $ 22,503  

Europe

     (1,679 )     (1,371 )

Corporate Unallocated and Japan

     (12,955 )     (16,871 )

Total Income from Operations

   $ 7,890     $ 4,261  

 

 

Total long-lived assets at  March 31, 2022 and December 31, 2021 were as follows:

 

 

   

March 31,

    

December 31,

  

(in thousands)

   2022     2021  

Total long-lived assets:

                

United States

   $ 209,416     $ 215,701  

Europe

     56,925       59,388  

Japan

     4,605       5,257  

Total Long-lived Assets

   $ 270,946     $ 280,346  

 

 

Revenue by product line for the three months ended March 31, 2022 and 2021 were as follows:

 

 

   

Three Months Ended March 31,

  

(in thousands)

  

2022

    

2021

  

Revenue:

                

Injection Molding

   $ 53,398     $ 56,359  

CNC Machining

     46,098       36,703  

3D Printing

     19,672       17,235  

Sheet Metal

     4,687       5,219  

Other Revenue

     313       610  

Total revenue

   $ 124,168     $ 116,126