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Segment Information
 9 Months Ended
Sep. 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 Israel that operates a research and production facility and sales and service offices, a subsidiary in Switzerland that operates a research and production facility, subsidiaries in France that operate production facilities and sales and service offices, and sales and service offices operated by other subsidiaries in Europe (Belgium, 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 is 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 September 30,

 

Nine Months Ended September 30,

(in thousands)

 

2014

 

2013

 

2014

 

2013

Revenue from unaffiliated customers:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$
90,992 

 

$
74,427 

 

$
237,919 

 

$
199,450 

Germany

 

 
19,843 

 

 
11,039 

 

 
63,230 

 

 
36,236 

Other EMEA

 

 
27,364 

 

 
21,728 

 

 
73,556 

 

 
56,966 

Asia Pacific

 

 
28,745 

 

 
28,523 

 

 
91,509 

 

 
65,931 

Total

 

$
166,944 

 

$
135,717 

 

$
466,214 

 

$
358,583 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended September 30,

 

Nine Months Ended September 30,

(in thousands)

 

2014

 

2013

 

2014

 

2013

Products

 

$
72,917 

 

$
59,841 

 

$
195,618 

 

$
153,754 

Materials

 

 
39,009 

 

 
33,179 

 

 
117,486 

 

 
91,183 

Services

 

 
55,018 

 

 
42,697 

 

 
153,110 

 

 
113,646 

Total

 

$
166,944 

 

$
135,717 

 

$
466,214 

 

$
358,583 

 

Intercompany sales were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended September 30, 2014

 

 

Intercompany Sales to

(in thousands)

 

Americas

 

Germany

 

Other EMEA

 

Asia Pacific

 

Total

Americas

 

$

 —

 

$
10,137 

 

$
4,512 

 

$
4,634 

 

$
19,283 

Germany

 

 
2,063 

 

 

 —

 

 
2,002 

 

 
8 

 

 
4,073 

Other EMEA

 

 
8,713 

 

 
575 

 

 
546 

 

 
156 

 

 
9,990 

Asia Pacific

 

 
705 

 

 

 —

 

 

 —

 

 
727 

 

 
1,432 

Total

 

$
11,481 

 

$
10,712 

 

$
7,060 

 

$
5,525 

 

$
34,778 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended September 30, 2013

 

 

Intercompany Sales to

(in thousands) 

 

Americas

 

Germany

 

Other EMEA

 

Asia Pacific

 

Total

Americas

 

$

 —

 

$
5,617 

 

$
3,186 

 

$
1,286 

 

$
10,089 

Germany

 

 
355 

 

 

—

 

 
794 

 

 

—

 

 
1,149 

Other EMEA

 

 
7,398 

 

 
420 

 

 
347 

 

 
442 

 

 
8,607 

Asia Pacific

 

 
1,732 

 

 

—

 

 

—

 

 
492 

 

 
2,224 

Total

 

$
9,485 

 

$
6,037 

 

$
4,327 

 

$
2,220 

 

$
22,069 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2014

 

 

Intercompany Sales to

(in thousands)

 

Americas

 

Germany

 

Other EMEA

 

Asia Pacific

 

Total

Americas

 

$

 —

 

$
30,999 

 

$
14,169 

 

$
10,430 

 

$
55,598 

Germany

 

 
2,918 

 

 

 —

 

 
4,830 

 

 
8 

 

 
7,756 

Other EMEA

 

 
29,688 

 

 
2,453 

 

 
1,554 

 

 
1,602 

 

 
35,297 

Asia Pacific

 

 
1,518 

 

 
(15)

 

 

 —

 

 
1,930 

 

 
3,433 

Total

 

$
34,124 

 

$
33,437 

 

$
20,553 

 

$
13,970 

 

$
102,084 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2013

 

 

Intercompany Sales to

(in thousands) 

 

Americas

 

Germany

 

Other EMEA

 

Asia Pacific

 

Total

Americas

 

$

 —

 

$
16,058 

 

$
11,024 

 

$
3,485 

 

$
30,567 

Germany

 

 
1,059 

 

 

—

 

 
2,600 

 

 

—

 

 
3,659 

Other EMEA

 

 
16,621 

 

 
1,377 

 

 
1,522 

 

 
566 

 

 
20,086 

Asia Pacific

 

 
2,604 

 

 
641 

 

 
67 

 

 
915 

 

 
4,227 

Total

 

$
20,284 

 

$
18,076 

 

$
15,213 

 

$
4,966 

 

$
58,539 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All revenue between geographic areas is recorded at prices that provide for an allocation of profit (loss) between entities. Income (loss) from operations, assets, and cash for each geographic area was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended September 30,

 

Nine Months Ended September 30,

(in thousands)

 

2014

 

2013

 

2014

 

2013

Income (loss) from operations:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$
(767)

 

$
17,833 

 

$
(9,833)

 

$
40,745 

Germany

 

 
1,299 

 

 
(56)

 

 
1,947 

 

 
287 

Other EMEA

 

 
643 

 

 
1,601 

 

 
5,168 

 

 
3,602 

Asia Pacific

 

 
7,136 

 

 
9,309 

 

 
25,658 

 

 
19,102 

Subtotal

 

 
8,311 

 

 
28,687 

 

 
22,940 

 

 
63,736 

Inter-segment elimination

 

 
(103)

 

 
(117)

 

 
(853)

 

 
(851)

Total

 

$
8,208 

 

$
28,570 

 

$
22,087 

 

$
62,885 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

(in thousands)

2014

 

2013

Assets:

 

 

 

 

 

Americas

$
1,063,539 

 

$  
870,208 

Germany 

 
46,739 

 

 
38,685 

Other EMEA

 
318,073 

 

 
120,562 

Asia Pacific 

 
74,890 

 

 
68,401 

Total

$
1,503,241 

 

$
1,097,856 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

(in thousands)

2014

 

2013

Cash and cash equivalents:

 

 

 

 

 

Americas

$
331,432 

 

$  
286,377 

Germany

 
8,350 

 

 
3,441 

Other EMEA

 
25,256 

 

 
8,915 

Asia Pacific 

 
12,297 

 

 
7,583 

Total

$
377,335 

 

$
306,316