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Segment and Geographic Data | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment and Geographic Data | Segment and Geographic Data VPG reports in three product segments: the Foil Technology Products segment, the Force Sensors segment, and the Weighing and Control Systems segment. The Foil Technology Products reporting segment is comprised of the foil resistor and strain gage operating segments. The Force Sensors reporting segment is comprised of transducers, load cells, and modules. The Weighing and Control Systems reporting segment is comprised of complete systems which include load cells and instrumentation for weighing, force control and force measurement for a variety of uses such as process control and on-board weighing applications. VPG evaluates reporting segment performance based on multiple performance measures including gross profits, revenues, and operating income, exclusive of certain items. Management believes that evaluating segment performance, excluding items such as restructuring and severance costs, and other items is meaningful because it provides insight with respect to the intrinsic operating results of VPG. The accounting policies of the segments are the same as those described in the summary of significant accounting policies (see Note 1). Reporting segment assets are the owned or allocated assets used by each segment. Products are transferred between segments on a basis intended to reflect, as nearly as practicable, the market value of the products. The following table sets forth reporting segment information (in thousands):
| Foil Technology Products |  | Force Sensors |  | Weighing and Control Systems |  | Corporate/ Other |  | Total
2019 |  |  |  |  |  |  |  |  |
Net third-party revenues | $ | 131,803 |  |  | $ | 64,357 |  |  | $ | 87,798 |  |  | $ | — |  |  | $ | 283,958 |
Intersegment revenues | 4,067 |  |  | 1,068 |  |  | 463 |  |  | (5,598 | ) |  | — |
Gross profit | 53,292 |  |  | 18,022 |  |  | 40,303 |  |  | — |  |  | 111,617 |
Segment operating income (loss) | 29,873 |  |  | 8,643 |  |  | 21,058 |  |  | (30,926 | ) |  | 28,648 |
Acquisition costs | — |  |  | — |  |  | 443 |  |  | — |  |  | 443 |
Executive severance costs | — |  |  | — |  |  | — |  |  | 611 |  |  | 611 |
Restructuring costs | 86 |  |  | 2,041 |  |  | — |  |  | 166 |  |  | 2,293 |
Depreciation and amortization expense | 5,870 |  |  | 2,442 |  |  | 2,200 |  |  | 1,283 |  |  | 11,795 |
Capital expenditures | 7,011 |  |  | 2,237 |  |  | 1,243 |  |  | 38 |  |  | 10,529 |
Total assets | 116,920 |  |  | 75,885 |  |  | 158,597 |  |  | 19,011 |  |  | 370,413 |
2018 |  |  |  |  |  |  |  |  |
Net third-party revenues | $ | 141,009 |  |  | $ | 73,186 |  |  | $ | 85,599 |  |  | $ | — |  |  | $ | 299,794 |
Intersegment revenues | 3,878 |  |  | 1,365 |  |  | 577 |  |  | (5,820 | ) |  | — |
Gross profit | 61,562 |  |  | 20,001 |  |  | 39,704 |  |  | — |  |  | 121,267 |
Segment operating income (loss) | 38,404 |  |  | 10,514 |  |  | 20,508 |  |  | (32,203 | ) |  | 37,223 |
Impairment of goodwill and indefinite-lived intangibles | 2,820 |  |  | — |  |  | — |  |  | — |  |  | 2,820 |
Restructuring costs | — |  |  | 289 |  |  | — |  |  | — |  |  | 289 |
Depreciation and amortization expense | 5,173 |  |  | 2,323 |  |  | 2,121 |  |  | 1,014 |  |  | 10,631 |
Capital expenditures | 9,239 |  |  | 2,483 |  |  | 1,370 |  |  | 147 |  |  | 13,239 |
Total assets | 132,918 |  |  | 82,637 |  |  | 95,954 |  |  | 14,874 |  |  | 326,383 |
2017 |  |  |  |  |  |  |  |  |
Net third-party revenues | $ | 116,272 |  |  | $ | 65,446 |  |  | $ | 72,632 |  |  | $ | — |  |  | $ | 254,350 |
Intersegment revenues | 2,316 |  |  | 1,346 |  |  | 911 |  |  | (4,573 | ) |  | — |
Gross profit | 47,755 |  |  | 18,192 |  |  | 32,336 |  |  | — |  |  | 98,283 |
Segment operating income (loss) | 26,426 |  |  | 9,274 |  |  | 14,770 |  |  | (27,982 | ) |  | 22,488 |
Restructuring costs | 85 |  |  | 849 |  |  | 602 |  |  | 508 |  |  | 2,044 |
Depreciation and amortization expense | 4,946 |  |  | 2,537 |  |  | 2,133 |  |  | 1,010 |  |  | 10,626 |
Capital expenditures | 4,519 |  |  | 4,297 |  |  | 823 |  |  | 453 |  |  | 10,092 |
Total assets | 119,175 |  |  | 77,756 |  |  | 97,007 |  |  | 12,613 |  |  | 306,551 |
The “Corporate/Other” column for segment operating income (loss) includes unallocated selling, general, and administrative expenses and certain items which management excludes from segment results when evaluating segment performance, as follows (in thousands):
| Years ended December 31,
| 2019 |  | 2018 |  | 2017
Unallocated selling, general, and administrative expenses | $ | (27,579 | ) |  | $ | (29,094 | ) |  | $ | (25,938 | )
Acquisition costs | (443 | ) |  | — |  |  | — |
Impairment of goodwill and indefinite-lived intangibles | — |  |  | (2,820 | ) |  | — |
Executive severance costs | (611 | ) |  | — |  |  | — |
Restructuring costs | (2,293 | ) |  | (289 | ) |  | (2,044 | )
| $ | (30,926 | ) |  | $ | (32,203 | ) |  | $ | (27,982 | )
The following geographic data includes property and equipment based on physical location (in thousands):
| December 31,
Property and Equipment - Net | 2019 |  | 2018
United States | $ | 12,009 |  |  | $ | 10,933 |
United Kingdom | 4,011 |  |  | 3,960 |
Other Europe | 1,498 |  |  | 1,430 |
Israel | 22,903 |  |  | 22,682 |
Asia | 19,118 |  |  | 19,090 |
Canada and Other | 1,731 |  |  | 1,324 |
| $ | 61,270 |  |  | $ | 59,419 |

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- References No definition available. + Details
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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