| Segment Information |
(14) 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 Quickparts services, operated by subsidiaries in Europe (France, Germany, the United Kingdom, Italy and the Netherlands) and in Asia-Pacific (Australia, China, Japan and Korea). 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.” Financial information concerning the Company’s geographical locations are based on the location of the selling entity.
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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2013
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2012
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2013
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2012
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Revenue from unaffiliated customers:
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United States
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$
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67,870
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$
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46,761
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$
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125,023
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$
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92,670
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Germany
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13,286
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9,896
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25,197
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17,319
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Other Europe
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18,569
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14,757
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35,238
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28,045
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Asia Pacific
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21,062
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12,196
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37,408
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23,496
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Total
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$
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120,787
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$
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83,610
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$
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222,866
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$
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161,530
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The Company’s revenue from unaffiliated customers by type was 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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2013
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2012
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2013
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2012
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Printers and other products
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$
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54,190
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$
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26,071
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$
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93,913
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$
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50,790
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Materials
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29,275
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26,204
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58,004
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50,882
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Services
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37,322
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31,335
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70,949
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59,858
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Total revenue
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$
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120,787
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$
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83,610
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$
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222,866
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$
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161,530
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Intercompany sales were as follows:
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Quarter Ended June 30, 2013
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Intercompany Sales to
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(in thousands)
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United States
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Germany
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Other Europe
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Asia Pacific
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Total
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United States
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$
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—
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$
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4,658
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$
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4,234
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$
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1,075
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$
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9,967
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Germany
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386
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—
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447
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—
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833
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Other Europe
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5,292
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674
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1,097
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93
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7,156
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Asia Pacific
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347
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261
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67
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167
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842
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Total
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$
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6,025
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$
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5,593
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$
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5,845
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$
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1,335
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$
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18,798
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Quarter Ended June 30, 2012
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Intercompany Sales to
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(in thousands)
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United States
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Germany
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Other Europe
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Asia Pacific
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Total
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United States
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$
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—
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$
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4,369
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$
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2,899
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$
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692
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$
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7,960
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Germany
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14
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—
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873
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177
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1,064
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Other Europe
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3,384
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36
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61
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108
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3,589
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Asia Pacific
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14
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7
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—
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—
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21
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Total
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$
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3,412
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$
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4,412
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$
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3,833
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$
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977
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$
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12,634
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Six Months Ended June 30, 2013
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Intercompany Sales to
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(in thousands)
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United States
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Germany
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Other Europe
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Asia Pacific
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Total
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United States
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$
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—
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$
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10,441
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$
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7,838
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$
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2,199
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$
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20,478
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Germany
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704
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—
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1,806
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—
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2,510
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Other Europe
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9,223
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957
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1,175
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124
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11,479
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Asia Pacific
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872
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641
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67
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422
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2,002
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Total
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$
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10,799
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$
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12,039
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$
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10,886
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$
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2,745
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$
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36,469
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Six Months Ended June 30, 2012
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Intercompany Sales to
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(in thousands)
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United States
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Germany
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Other Europe
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Asia Pacific
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Total
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United States
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$
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—
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$
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8,270
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$
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6,004
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$
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1,539
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$
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15,813
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Germany
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128
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—
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1,033
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177
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1,338
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Other Europe
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6,661
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52
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139
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122
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6,974
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Asia Pacific
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44
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7
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—
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—
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51
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Total
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$
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6,833
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$
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8,329
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$
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7,176
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$
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1,838
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$
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24,176
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All revenue between geographic areas is recorded at prices that provide for an allocation of profit (loss) between entities. Income from operations, assets, and cash for each geographic area was 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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2013
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2012
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2013
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2012
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Income from operations:
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United States
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$
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11,643
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$
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7,550
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$
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22,912
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$
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13,006
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Germany
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(318)
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563
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343
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816
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Other Europe
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235
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2,423
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2,001
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3,432
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Asia Pacific
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5,476
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3,464
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9,793
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6,619
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Subtotal
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17,036
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14,000
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35,049
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23,873
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Inter-segment elimination
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(240)
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(1)
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(734)
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96
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Total
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$
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16,796
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$
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13,999
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$
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34,315
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$
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23,969
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June 30,
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December 31,
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(in thousands)
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2013
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2012
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Assets:
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United States
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$
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799,541
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$
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501,157
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Germany
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46,098
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24,264
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Other Europe
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86,715
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86,494
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Asia Pacific
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72,011
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65,527
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Total
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$
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1,004,365
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$
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677,442
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June 30,
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December 31,
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(in thousands)
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2013
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2012
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Cash and cash equivalents:
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United States
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$
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328,089
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$
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132,890
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Germany
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5,086
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5,846
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Other Europe
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9,379
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10,247
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Asia Pacific
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6,701
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6,876
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Total
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$
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349,255
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$
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155,859
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