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SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Summary of the Company's segment net sales, gross profit and income before income taxes

Summarized below are the Company’s segment net sales, gross profit and income before income taxes for the years ended December 31, 2018, 2017 and 2016 based on the current reporting segment structure.

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of

 

 

 

 

 

 

 

net

 

 

 

 

 

 

net

 

 

 

 

 

 

net

 

Sales by Segment

 

2018

 

 

sales

 

 

2017

 

 

sales

 

 

2016

 

 

sales

 

 

 

(in thousands, except percentages)

 

Equipment

 

$

97,680

 

 

84

%

 

$

77,283

 

 

79

%

 

$

61,735

 

 

71

%

Services

 

 

18,264

 

 

16

%

 

 

21,009

 

 

21

%

 

 

24,777

 

 

29

%

Total

 

$

115,944

 

 

100

%

 

$

98,292

 

 

100

%

 

$

86,512

 

 

100

%

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Profit

 

 

 

 

 

 

 

Profit

 

 

 

 

 

 

Profit

 

Gross profit by Segment

 

2018

 

 

%

 

 

 

2017

 

 

%

 

 

2016

 

 

%

 

 

 

(in thousands, except percentages)

 

Equipment

 

$

25,598

 

 

 

26

 

%

 

$

26,647

 

 

34

%

 

$

20,263

 

 

33

%

Services

 

 

6,670

 

 

 

37

 

%

 

 

6,499

 

 

31

%

 

 

8,093

 

 

33

%

Total

 

$

32,268

 

 

 

28

 

%

 

$

33,146

 

 

34

%

 

$

28,356

 

 

33

%

 

 

 

Years ended December 31,

 

Segment Margin and Income before income taxes

 

2018

 

 

2017

 

 

2016

 

 

 

(in thousands)

 

Equipment

 

$

13,398

 

 

$

16,847

 

 

$

12,010

 

Services

 

 

6,670

 

 

 

6,499

 

 

 

8,093

 

Total Segment Margin

 

 

20,068

 

 

 

23,346

 

 

 

20,103

 

General and Corporate

 

 

(15,626

)

 

 

(15,102

)

 

 

(19,183

)

Income before income taxes

 

$

4,442

 

 

$

8,244

 

 

$

920

 

Schedule of sales data by geographical area

Sales are attributed to a geographical area based upon the location of the customer. Sales data by geographical area are as follows:

 

 

 

Years Ended December 31,

 

 

 

 

 

 

 

% of net

 

 

 

 

 

 

 

% of net

 

 

 

 

 

 

% of net

 

 

 

2018

 

 

Sales

 

 

 

2017

 

 

sales

 

 

2016

 

 

sales

 

 

 

(in thousands, except percentages)

 

Net Sales by Region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China

 

$

3,146

 

 

 

3

 

%

 

$

2,926

 

 

3

%

 

$

4,021

 

 

5

%

India

 

 

70,106

 

 

 

60

 

%

 

 

42,352

 

 

43

%

 

 

33,021

 

 

38

%

Japan

 

 

35,504

 

 

 

31

 

%

 

 

49,185

 

 

50

%

 

 

45,561

 

 

52

%

Taiwan

 

 

6,445

 

 

 

6

 

%

 

 

3,018

 

 

3

%

 

 

3,217

 

 

4

%

Other

 

 

743

 

 

 

1

 

%

 

 

811

 

 

1

%

 

 

692

 

 

1

%

Total

 

$

115,944

 

 

100

 

%

 

$

98,292

 

 

100

%

 

$

86,512

 

 

100

%

Schedule of long-lived assets, consisting of property, plant and equipment, by geographical area

Long-lived assets, consisting of property, plant and equipment, by geographical area are as follows:

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

 

(in thousands)

 

China

 

$

1,058

 

 

$

1,369

 

Other

 

200

 

 

345

 

Total long-lived assets

 

$

1,258

 

 

$

1,714