Segment Information (Tables)

3 Months Ended

Mar. 29, 2013

Sales and Gross Margin for Reportable Segments

Sales, gross margin, gross profit margin and operating income by reportable segments are as follows (in thousands):


	Three Months Ended
	March 29, 2013		March 30, 2012
Sales
Laser Products	$	46,208	$	44,162
Precision Technologies		36,906		21,024

Total	$	83,114	$	65,186


	Three Months Ended
	March 29, 2013			March 30, 2012
Gross Profit
Laser Products	$	18,038		$	18,585
Precision Technologies		15,232			9,278
Corporate ⁽¹⁾		(107	)		(182	)

Total	$	33,163		$	27,681

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


	Three Months Ended
	March 29, 2013			March 30, 2012
Gross Profit Margin
Laser Products		39.0	%		42.1	%
Precision Technologies		41.3	%		44.1	%
Total		39.9	%		42.5	%


	Three Months Ended
	March 29, 2013			March 30, 2012
Operating Income
Laser Products	$	4,208		$	3,880
Precision Technologies		3,459			4,153
Corporate, shared services and unallocated ⁽²⁾		(6,718	)		(5,212	)

Total	$	949		$	2,821

⁽²⁾	Corporate and shared services costs primarily represent corporate and shared service function costs which are not allocated to the operating segments, including restructuring and all acquisition related costs.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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