Segment Information (Tables)

6 Months Ended

Jun. 28, 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						Six Months Ended
	June 28, 2013			June 29, 2012			June 28, 2013			June 29, 2012
Sales
Laser Products	$	45,971		$	46,297		$	92,179		$	90,459
Precision Technologies		39,336			24,082			76,242			45,106
Total	$	85,307		$	70,379		$	168,421		$	135,565
	Three Months Ended						Six Months Ended
	June 28, 2013			June 29, 2012			June 28, 2013			June 29, 2012
Gross Profit
Laser Products	$	17,937		$	18,853		$	35,975		$	37,438
Precision Technologies		16,563			12,049			31,795			21,327
Corporate (1)		(1	)		(235	)		(108	)		(417	)
Total	$	34,499		$	30,667		$	67,662		$	58,348

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

	Three Months Ended						Six Months Ended
	June 28, 2013			June 29, 2012			June 28, 2013			June 29, 2012
Gross Profit Margin
Laser Products		39.0	%		40.7	%		39.0	%		41.4	%
Precision Technologies		42.1	%		50.0	%		41.7	%		47.3	%
Total		40.4	%		43.6	%		40.2	%		43.0	%

	Three Months Ended						Six Months Ended
	June 28, 2013			June 29, 2012			June 28, 2013			June 29, 2012
Operating Income
Laser Products	$	4,398		$	4,054		$	8,605		$	7,934
Precision Technologies		4,819			6,366			8,278			10,519
Corporate, shared services and unallocated (2)		(4,870	)		(5,323	)		(11,587	)		(10,535	)
Total	$	4,347		$	5,097		$	5,296		$	7,918

⁽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.