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Segment Information (Tables)
3 Months Ended
Mar. 29, 2019
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 29,

 

 

March 30,

 

 

2019

 

 

2018

 

Revenue

 

 

 

 

 

 

 

Photonics

$

59,225

 

 

$

61,831

 

Vision

 

65,936

 

 

 

56,209

 

Precision Motion

 

32,025

 

 

 

28,925

 

Total

$

157,186

 

 

$

146,965

 

 

 

Three Months Ended

 

 

March 29,

 

 

March 30,

 

 

2019

 

 

2018

 

Gross Profit

 

 

 

 

 

 

 

Photonics

$

27,314

 

 

$

29,555

 

Vision

 

25,973

 

 

 

19,721

 

Precision Motion

 

13,521

 

 

 

13,260

 

Unallocated Corporate and Shared Services

 

(519

)

 

 

(377

)

Total

$

66,289

 

 

$

62,159

 

 

 

Three Months Ended

 

 

March 29,

 

 

March 30,

 

 

2019

 

 

2018

 

Gross Profit Margin

 

 

 

 

 

 

 

Photonics

 

46.1

%

 

 

47.8

%

Vision

 

39.4

%

 

 

35.1

%

Precision Motion

 

42.2

%

 

 

45.8

%

Total

 

42.2

%

 

 

42.3

%

 

 

Three Months Ended

 

 

March 29,

 

 

March 30,

 

 

2019

 

 

2018

 

Operating Income (Loss)

 

 

 

 

 

 

 

Photonics

$

12,310

 

 

$

15,323

 

Vision

 

4,557

 

 

 

475

 

Precision Motion

 

5,635

 

 

 

8,607

 

Unallocated Corporate and Shared Services

 

(8,109

)

 

 

(7,178

)

Total

$

14,393

 

 

$

17,227

 

 

 

Three Months Ended

 

 

March 29,

 

 

March 30,

 

 

2019

 

 

2018

 

Depreciation and Amortization Expenses

 

 

 

 

 

 

 

Photonics

$

2,621

 

 

$

3,067

 

Vision

 

5,029

 

 

 

5,174

 

Precision Motion

 

1,369

 

 

 

503

 

Unallocated Corporate and Shared Services

 

55

 

 

 

323

 

Total

$

9,074

 

 

$

9,067

 

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

 

 

March 29,

 

 

March 30,

 

 

2019

 

 

2018

 

United States

$

64,760

 

 

$

58,113

 

Germany

 

23,477

 

 

 

20,069

 

Rest of Europe

 

30,770

 

 

 

27,060

 

China

 

15,108

 

 

 

15,603

 

Rest of Asia-Pacific

 

20,447

 

 

 

24,720

 

Other

 

2,624

 

 

 

1,400

 

Total

$

157,186

 

 

$

146,965

 

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

 

 

March 29,

 

 

March 30,

 

 

2019

 

 

2018

 

Advanced Industrial

 

50

%

 

 

50

%

Medical

 

50

%

 

 

50

%

Total

 

100

%

 

 

100

%