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Segment Information | 3 Months Ended
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Mar. 28, 2020
Segment Reporting [Abstract] |
Segment Information | Segment Information 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 on-board weighing applications. VPG evaluates reporting segment performance based on multiple performance measures including third party net revenues, gross profits and operating income, exclusive of certain items. Management believes that evaluating segment performance, excluding items such as restructuring costs, executive severance costs, and other items is meaningful because it provides insight with respect to the intrinsic operating results of VPG. The following table sets forth reporting segment information (in thousands):
| Fiscal quarter ended
| March 28, 2020 |  | March 30, 2019
Net revenues: |  |  |
Foil Technology Products | $ | 30,477 |  |  | $ | 37,049 |
Force Sensors | 14,695 |  |  | 16,732 |
Weighing and Control Systems | 22,524 |  |  | 22,744 |
Total | $ | 67,696 |  |  | $ | 76,525 |
Gross profit: |  |  |
Foil Technology Products | $ | 11,201 |  |  | $ | 16,579 |
Force Sensors | 3,572 |  |  | 5,061 |
Weighing and Control Systems | 10,292 |  |  | 11,411 |
Total | $ | 25,065 |  |  | $ | 33,051 |
Reconciliation of segment operating income to consolidated results: |  |  |
Foil Technology Products | $ | 5,384 |  |  | $ | 10,306 |
Force Sensors | 1,204 |  |  | 2,535 |
Weighing and Control Systems | 4,668 |  |  | 6,575 |
Unallocated G&A expenses | (6,482 | ) |  | (6,813 | )
Restructuring costs | (130 | ) |  | — |
Operating income | $ | 4,644 |  |  | $ | 12,603 |
Restructuring costs: |  |  |
Foil Technology Products | $ | (130 | ) |  | $ | — |
| $ | (130 | ) |  | $ | — |
Products are transferred between segments on a basis intended to reflect, as nearly as practicable, the market value of the products. The table below summarizes intersegment sales (in thousands):
| Fiscal quarter ended
| March 28, 2020 |  | March 30, 2019
Foil Technology Products to Force Sensors and Weighing and Control Systems | $ | 724 |  |  | $ | 933 |
Force Sensors to Foil Technology Products and Weighing and Control Systems | $ | — |  |  | $ | 427 |
Weighing and Control Systems to Foil Technology Products and Force Sensors | $ | 87 |  |  | $ | 153 |

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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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