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Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Revenue, Gross Profit, Gross Profit Margin, Operating Income (Loss), and Depreciation and Amortization Expenses by Reportable Segment

Revenue, gross profit, gross profit margin, operating income (loss), and depreciation and amortization expenses by reportable segment were as follows (in thousands, except percentage data):

 

Three Months Ended

 

 

March 31,

 

 

April 1,

 

Revenue

2023

 

 

2022

 

Precision Medicine and Manufacturing

$

69,528

 

 

$

62,782

 

Medical Solutions

 

77,640

 

 

 

62,050

 

Robotics and Automation

 

71,958

 

 

 

79,384

 

Total

$

219,126

 

 

$

204,216

 

 

 

Three Months Ended

 

 

March 31,

 

 

April 1,

 

Gross Profit

2023

 

 

2022

 

Precision Medicine and Manufacturing

$

34,333

 

 

$

28,387

 

Medical Solutions

 

31,886

 

 

 

25,230

 

Robotics and Automation

 

32,815

 

 

 

38,150

 

Unallocated Corporate and Shared Services

 

(1,406

)

 

 

(1,491

)

Total

$

97,628

 

 

$

90,276

 

 

 

Three Months Ended

 

 

March 31,

 

 

April 1,

 

Gross Profit Margin

2023

 

 

2022

 

Precision Medicine and Manufacturing

 

49.4

%

 

 

45.2

%

Medical Solutions

 

41.1

%

 

 

40.7

%

Robotics and Automation

 

45.6

%

 

 

48.1

%

Total

 

44.6

%

 

 

44.2

%

 

 

Three Months Ended

 

 

March 31,

 

 

April 1,

 

Operating Income (Loss)

2023

 

 

2022

 

Precision Medicine and Manufacturing

$

16,684

 

 

$

13,435

 

Medical Solutions

 

9,841

 

 

 

5,042

 

Robotics and Automation

 

12,000

 

 

 

18,338

 

Unallocated Corporate and Shared Services

 

(12,213

)

 

 

(12,532

)

Total

$

26,312

 

 

$

24,283

 

 

 

Three Months Ended

 

 

March 31,

 

 

April 1,

 

Depreciation and Amortization Expenses

2023

 

 

2022

 

Precision Medicine and Manufacturing

$

2,596

 

 

$

2,777

 

Medical Solutions

 

3,973

 

 

 

4,427

 

Robotics and Automation

 

4,845

 

 

 

6,737

 

Unallocated Corporate and Shared Services

 

317

 

 

 

103

 

Total

$

11,731

 

 

$

14,044

 

 

Schedule of Geographic Revenue

The Company aggregates geographic revenue based on the customer locations where products are shipped to. Revenue by geography was as follows (in thousands):

 

Three Months Ended

 

 

March 31,

 

 

April 1,

 

 

2023

 

 

2022

 

United States

$

103,842

 

 

$

82,715

 

Germany

 

34,862

 

 

 

31,778

 

Rest of Europe

 

29,365

 

 

 

33,373

 

China

 

17,798

 

 

 

26,799

 

Rest of Asia-Pacific

 

28,111

 

 

 

22,840

 

Other

 

5,148

 

 

 

6,711

 

Total

$

219,126

 

 

$

204,216

 

Revenue By End Market

The Company primarily operates in two end markets: the medical market and the advanced industrial market. Revenue by end market was approximately as follows:

 

Three Months Ended

 

 

March 31,

 

 

April 1,

 

 

2023

 

 

2022

 

Medical

 

54

%

 

 

47

%

Advanced Industrial

 

46

%

 

 

53

%

Total

 

100

%

 

 

100

%