Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Sales and Gross Margin for Reportable Segments

The following table represents sales and gross margin of the Company’s reportable segments (in thousands):

	Year Ended December 31,
	2012			2011			2010
Sales
Laser Products	$	108,186		$	112,914		$	105,020
Precision Motion and Technologies		163,312			191,382			180,872
Total	$	271,498		$	304,296		$	285,892
	Year Ended December 31,
	2012			2011			2010
Gross Profit
Laser Products	$	36,582		$	43,948		$	43,542
Precision Motion and Technologies		78,819			91,142			88,779
Corporate(1)		(925	)		(1,990	)		(1,707	)
Total	$	114,476		$	133,100		$	130,614

(1) Corporate costs primarily represent unallocated overhead related to discontinued operations.

Sales

Geographic Information

The Company aggregates geographic sales based on the customer location where products are shipped. Sales to these customers are as follows (in thousands except percentage data):

	2012					2011					2010
	Sales		% of Total			Sales		% of Total			Sales		% of Total
United States	$	86,310		31.8	%	$	102,792		33.8	%	$	95,223		33.3	%
Asia-Pacific		67,717		24.9			72,201		23.7			82,558		28.9
Japan		27,808		10.2			30,597		10.1			32,784		11.5
Europe		81,815		30.1			91,637		30.1			73,460		25.7
Other		7,848		3.0			7,069		2.3			1,867		0.6
Total	$	271,498		100.0	%	$	304,296		100.0	%	$	285,892		100.0	%

Long Lived Assets

Geographic Information

Long-lived assets consist of property, plant and equipment, net, and are aggregated based on the location of the assets. A summary of these long-lived assets as of December 31, 2012 and 2011 are as follows (in thousands):

	2012		2011
United States	$	22,679	$	26,742
Europe		5,963		4,866
Japan		208		419
Asia-Pacific and other		3,488		3,928
Total	$	32,338	$	35,955