Segment Information (Tables)

9 Months Ended

Sep. 28, 2018

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				Nine Months Ended
	September 28,		September 29,		September 28,		September 29,
	2018		2017		2018		2017
Revenue
Photonics	$	61,285	$	61,882	$	187,178	$	170,503
Vision		62,113		58,150		172,145		124,943
Precision Motion		37,396		26,264		98,836		78,926
Total	$	160,794	$	146,296	$	458,159	$	374,372

	Three Months Ended						Nine Months Ended
	September 28,			September 29,			September 28,			September 29,
	2018			2017			2018			2017
Gross Profit
Photonics	$	29,218		$	28,966		$	89,510		$	77,423
Vision		24,160			19,792			64,322			47,378
Precision Motion		16,788			10,291			44,750			34,558
Unallocated Corporate and Shared Services		(532	)		(342	)		(1,560	)		(1,069	)
Total	$	69,634		$	58,707		$	197,022		$	158,290

	Three Months Ended						Nine Months Ended
	September 28,			September 29,			September 28,			September 29,
	2018			2017			2018			2017
Gross Profit Margin
Photonics		47.7	%		46.8	%		47.8	%		45.4	%
Vision		38.9	%		34.0	%		37.4	%		37.9	%
Precision Motion		44.9	%		39.2	%		45.3	%		43.8	%
Total		43.3	%		40.1	%		43.0	%		42.3	%

	Three Months Ended						Nine Months Ended
	September 28,			September 29,			September 28,			September 29,
	2018			2017			2018			2017
Operating Income (Loss)
Photonics	$	14,595		$	15,367		$	46,102		$	36,138
Vision		5,380			846			6,246			4,893
Precision Motion		8,818			5,493			25,037			20,238
Unallocated Corporate and Shared Services		(7,798	)		(9,299	)		(22,048	)		(22,776	)
Total	$	20,995		$	12,407		$	55,337		$	38,493

	Three Months Ended				Nine Months Ended
	September 28,		September 29,		September 28,		September 29,
	2018		2017		2018		2017
Depreciation and Amortization Expenses
Photonics	$	2,997	$	3,666	$	9,030	$	10,693
Vision		5,100		4,362		15,371		9,276
Precision Motion		1,020		588		2,364		1,746
Unallocated Corporate and Shared Services		82		248		621		725
Total	$	9,199	$	8,864	$	27,386	$	22,440

Schedule of Geographic Revenue

The Company aggregates geographic revenue based on the customer location where products are shipped. Revenue from these customers was as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 28,		September 29,		September 28,		September 29,
	2018		2017		2018		2017
United States	$	63,073	$	58,949	$	181,653	$	157,778
Germany		23,089		17,728		64,170		46,807
Rest of Europe		30,222		27,152		80,629		55,164
China		17,516		15,459		51,486		40,920
Rest of Asia-Pacific		24,882		23,769		74,589		64,511
Other		2,012		3,239		5,632		9,192
Total	$	160,794	$	146,296	$	458,159	$	374,372

Revenue By End Market

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

	Three Months Ended						Nine Months Ended
	September 28,			September 29,			September 28,			September 29,
	2018			2017			2018			2017
Advanced Industrial		50	%		50	%		50	%		55	%
Medical		50	%		50	%		50	%		45	%
Total		100	%		100	%		100	%		100	%