XML 52 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
 6 Months Ended
Jun. 30, 2014
Segment Information [Abstract]  
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, subsidiaries in France that operate a manufacturing facility and sales and service offices, and sales and services offices operated by subsidiaries in Europe (Germany, the United Kingdom, Italy and the Netherlands) and in Asia-Pacific (Australia, China, India, 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended June 30,

 

Six Months Ended June 30,

(in thousands)

 

2014

 

2013

 

2014

 

2013

Revenue from unaffiliated customers:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$
78,895 

 

$
67,870 

 

$
146,927 

 

$
125,023 

Germany

 

 
19,562 

 

 
13,286 

 

 
43,387 

 

 
25,197 

Other Europe

 

 
22,453 

 

 
18,569 

 

 
46,192 

 

 
35,238 

Asia Pacific

 

 
30,602 

 

 
21,062 

 

 
62,764 

 

 
37,408 

Total

 

$
151,512 

 

$
120,787 

 

$
299,270 

 

$
222,866 

 

The Company’s revenue from unaffiliated customers by type was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended June 30,

 

Six Months Ended June 30,

(in thousands)

 

2014

 

2013

 

2014

 

2013

Printers and other products

 

$
61,948 

 

$
54,190 

 

$
122,701 

 

$
93,913 

Materials

 

 
38,036 

 

 
29,275 

 

 
78,477 

 

 
58,004 

Services

 

 
51,528 

 

 
37,322 

 

 
98,092 

 

 
70,949 

Total revenue

 

$
151,512 

 

$
120,787 

 

$
299,270 

 

$
222,866 

 

Intercompany sales were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended June 30, 2014

 

 

Intercompany Sales to

(in thousands)

 

United States

 

Germany

 

Other Europe

 

Asia Pacific

 

Total

United States

 

$

 —

 

$
9,925 

 

$
4,710 

 

$
3,450 

 

$
18,085 

Germany

 

 
446 

 

 

 —

 

 
1,350 

 

 

 —

 

 
1,796 

Other Europe

 

 
10,932 

 

 
548 

 

 
676 

 

 
891 

 

 
13,047 

Asia Pacific

 

 
331 

 

 
(15)

 

 

 —

 

 
521 

 

 
837 

Total

 

$
11,709 

 

$
10,458 

 

$
6,736 

 

$
4,862 

 

$
33,765 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended June 30, 2013

 

 

Intercompany Sales to

(in thousands) 

 

United States

 

Germany

 

Other Europe

 

Asia Pacific

 

Total

United States

 

$

 —

 

$
4,658 

 

$
4,234 

 

$
1,075 

 

$
9,967 

Germany

 

 
386 

 

 

—

 

 
447 

 

 

—

 

 
833 

Other Europe

 

 
5,292 

 

 
674 

 

 
1,097 

 

 
93 

 

 
7,156 

Asia Pacific

 

 
347 

 

 
261 

 

 
67 

 

 
167 

 

 
842 

Total

 

$
6,025 

 

$
5,593 

 

$
5,845 

 

$
1,335 

 

$
18,798 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2014

 

 

Intercompany Sales to

(in thousands)

 

United States

 

Germany

 

Other Europe

 

Asia Pacific

 

Total

United States

 

$

 —

 

$
20,862 

 

$
9,657 

 

$
5,796 

 

$
36,315 

Germany

 

 
855 

 

 

 —

 

 
2,828 

 

 

 —

 

 
3,683 

Other Europe

 

 
20,975 

 

 
1,878 

 

 
1,008 

 

 
1,446 

 

 
25,307 

Asia Pacific

 

 
813 

 

 
(15)

 

 

 —

 

 
1,203 

 

 
2,001 

Total

 

$
22,643 

 

$
22,725 

 

$
13,493 

 

$
8,445 

 

$
67,306 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2013

 

 

Intercompany Sales to

(in thousands) 

 

United States

 

Germany

 

Other Europe

 

Asia Pacific

 

Total

United States

 

$

 —

 

$
10,441 

 

$
7,838 

 

$
2,199 

 

$
20,478 

Germany

 

 
704 

 

 

—

 

 
1,806 

 

 

—

 

 
2,510 

Other Europe

 

 
9,223 

 

 
957 

 

 
1,175 

 

 
124 

 

 
11,479 

Asia Pacific

 

 
872 

 

 
641 

 

 
67 

 

 
422 

 

 
2,002 

Total

 

$
10,799 

 

$
12,039 

 

$
10,886 

 

$
2,745 

 

$
36,469 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended June 30,

 

Six Months Ended June 30,

(in thousands)

 

2014

 

2013

 

2014

 

2013

Income from operations:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$
(7,036)

 

$
11,643 

 

$
(9,066)

 

$
22,912 

Germany

 

 
451 

 

 
(318)

 

 
648 

 

 
343 

Other Europe

 

 
2,124 

 

 
235 

 

 
4,525 

 

 
2,001 

Asia Pacific

 

 
9,455 

 

 
5,476 

 

 
18,522 

 

 
9,793 

Subtotal

 

 
4,994 

 

 
17,036 

 

 
14,629 

 

 
35,049 

Inter-segment elimination

 

 
(632)

 

 
(240)

 

 
(750)

 

 
(734)

Total

 

$
4,362 

 

$
16,796 

 

$
13,879 

 

$
34,315 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

(in thousands)

2014

 

2013

Assets:

 

 

 

 

 

United States 

$
1,240,270 

 

$  
870,208 

Germany 

 
45,563 

 

 
38,685 

Other Europe 

 
116,516 

 

 
120,562 

Asia Pacific 

 
74,021 

 

 
68,401 

Total

$
1,476,370 

 

$
1,097,856 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

(in thousands)

2014

 

2013

Cash and cash equivalents:

 

 

 

 

 

United States 

$
546,730 

 

$  
286,377 

Germany

 
3,591 

 

 
3,441 

Other Europe 

 
10,386 

 

 
8,915 

Asia Pacific 

 
9,555 

 

 
7,583 

Total

$
570,262 

 

$
306,316