| Segment Information |
(13) Segment Information
The Company operates in one reportable business segment. The Company conducts its business through subsidiaries in the United States, a subsidiary in Switzerland that operates a research and production facility, and sales and services offices, including custom parts services, operated by subsidiaries in Europe (France, Germany, Italy, the Netherlands and the United Kingdom) and in Asia-Pacific (Japan). The Company has historically disclosed summarized financial information for the geographic areas of operations as if they were segments in accordance with ASC 280, "Segment Reporting."
Summarized financial information concerning the Company's geographical operations is shown in the following tables:
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Quarter Ended June 30, |
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Six Months Ended June 30, |
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| (in thousands) |
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2011 |
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2010 |
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2011 |
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2010 |
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Revenue from unaffiliated customers: |
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United States |
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$ |
28,609 |
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$ |
17,399 |
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$ |
51,486 |
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$ |
31,544 |
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Germany |
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|
8,306 |
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5,811 |
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|
|
15,042 |
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|
|
11,318 |
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Other Europe |
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|
10,261 |
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|
|
7,461 |
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|
|
21,640 |
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|
|
14,823 |
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Asia Pacific |
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7,952 |
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4,473 |
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14,857 |
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9,086 |
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|
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Total |
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$ |
55,128 |
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$ |
35,144 |
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$ |
103,025 |
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$ |
66,771 |
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The Company's revenues from unaffiliated customers by type are as follows:
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Quarter Ended June 30, |
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Six Months Ended June 30, |
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| (in thousands) |
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2011 |
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2010 |
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2011 |
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2010 |
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|
Printers and other products |
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$ |
16,193 |
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$ |
10,672 |
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$ |
29,728 |
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$ |
19,455 |
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Materials |
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16,417 |
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13,973 |
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32,026 |
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27,587 |
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Services |
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22,518 |
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10,499 |
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|
41,271 |
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19,729 |
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Total revenue |
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$ |
55,128 |
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$ |
35,144 |
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$ |
103,325 |
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$ |
66,771 |
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Intercompany sales are as follows:
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Quarter Ended June 30, 2011 |
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Intercompany Sales to |
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United |
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Other |
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Asia |
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| (in thousands) |
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States |
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Germany |
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Europe |
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Pacific |
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Total |
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United States |
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$ |
— |
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$ |
3,912 |
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$ |
1,765 |
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$ |
698 |
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$ |
6,375 |
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Germany |
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|
15 |
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— |
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|
433 |
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— |
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|
448 |
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Other Europe |
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|
2,978 |
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— |
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|
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— |
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— |
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2,978 |
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Asia Pacific |
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|
— |
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|
|
— |
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|
|
— |
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|
|
— |
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|
— |
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Total |
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$ |
2,993 |
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$ |
3,912 |
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$ |
2,198 |
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$ |
698 |
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$ |
9,801 |
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Quarter Ended June 30, 2010 |
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Intercompany Sales to |
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United |
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Other |
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Asia |
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| (in thousands) |
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States |
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Germany |
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Europe |
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Pacific |
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Total |
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United States |
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$ |
— |
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$ |
3,120 |
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$ |
2,238 |
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$ |
709 |
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$ |
6,067 |
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Germany |
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|
124 |
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— |
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|
1,387 |
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— |
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|
1,511 |
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Other Europe |
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|
2,072 |
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216 |
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— |
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— |
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2,288 |
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Asia Pacific |
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34 |
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— |
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— |
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— |
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34 |
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Total |
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$ |
2,230 |
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$ |
3,336 |
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$ |
3,625 |
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$ |
709 |
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$ |
9,900 |
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Six Months Ended June 30, 2011 |
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Intercompany Sales to |
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United |
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Other |
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Asia |
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| (in thousands) |
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States |
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Germany |
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Europe |
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Pacific |
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Total |
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United States |
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$ |
— |
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$ |
7,297 |
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$ |
3,952 |
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$ |
2,130 |
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$ |
13,379 |
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Germany |
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|
110 |
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— |
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1,403 |
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— |
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1,513 |
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Other Europe |
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5,872 |
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1 |
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12 |
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— |
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5,885 |
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Asia Pacific |
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— |
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— |
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— |
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— |
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— |
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Total |
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$ |
5,982 |
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$ |
7,298 |
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$ |
5,367 |
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$ |
2,130 |
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$ |
20,777 |
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Six Months Ended June 30, 2010 |
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Intercompany Sales to |
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United |
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Other |
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Asia |
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| (in thousands) |
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States |
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Germany |
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Europe |
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Pacific |
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Total |
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United States |
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$ |
— |
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$ |
7,145 |
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$ |
4,379 |
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$ |
1,384 |
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$ |
12,908 |
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Germany |
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|
234 |
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— |
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|
2,237 |
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— |
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2,471 |
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Other Europe |
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4,164 |
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|
248 |
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— |
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— |
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|
4,412 |
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Asia Pacific |
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|
34 |
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— |
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— |
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— |
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34 |
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Total |
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$ |
4,432 |
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$ |
7,393 |
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$ |
6,616 |
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$ |
1,384 |
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$ |
19,825 |
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All revenue between geographic areas is recorded at prices that provide for an allocation of profit between entities. Income from operations and assets for each geographic area are as follows:
| |
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|
Quarter Ended June 30, |
|
|
Six Months Ended June 30, |
|
| (in thousands) |
|
2011 |
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|
2010 |
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|
2011 |
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|
2010 |
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Income from operations: |
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United States |
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$ |
3,570 |
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$ |
1,325 |
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$ |
7,109 |
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$ |
2,178 |
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Germany |
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|
417 |
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|
320 |
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|
828 |
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|
499 |
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Other Europe |
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|
1,148 |
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|
533 |
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|
2,659 |
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|
844 |
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Asia Pacific |
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|
2,795 |
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|
1,111 |
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|
4,770 |
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|
2,380 |
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Subtotal |
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|
7,930 |
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|
3,289 |
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|
15,366 |
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|
5,901 |
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Inter-segment elimination |
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|
71 |
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|
125 |
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|
46 |
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|
171 |
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Total |
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$ |
8,001 |
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|
$ |
3,414 |
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$ |
15,412 |
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|
$ |
6,072 |
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June 30, |
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|
December 31, |
|
| (in thousands) |
|
2011 |
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|
2010 |
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Assets: |
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United States |
|
$ |
206,037 |
|
|
$ |
113,249 |
|
|
Germany |
|
|
19,126 |
|
|
|
17,231 |
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Other Europe |
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|
68,075 |
|
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|
67,790 |
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|
Asia Pacific |
|
|
11,353 |
|
|
|
10,530 |
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|
|
|
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|
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Total |
|
$ |
304,591 |
|
|
$ |
208,800 |
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