Segment Information (Tables)

9 Months Ended

Oct. 02, 2020

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				Nine Months Ended
	October 2,		September 27,		October 2,		September 27,
	2020		2019		2020		2019
Revenue
Photonics	$	46,394	$	54,570	$	149,337	$	172,081
Vision		64,299		69,923		198,047		201,754
Precision Motion		32,236		29,573		95,741		92,562
Total	$	142,929	$	154,066	$	443,125	$	466,397

	Three Months Ended						Nine Months Ended
	October 2,			September 27,			October 2,			September 27,
	2020			2019			2020			2019
Gross Profit
Photonics	$	20,166		$	25,289		$	65,725		$	79,911
Vision		24,586			26,922			75,676			78,106
Precision Motion		15,011			12,504			42,753			39,784
Unallocated Corporate and Shared Services		(658	)		(661	)		(1,902	)		(1,676	)
Total	$	59,105		$	64,054		$	182,252		$	196,125

	Three Months Ended						Nine Months Ended
	October 2,			September 27,			October 2,			September 27,
	2020			2019			2020			2019
Gross Profit Margin
Photonics		43.5	%		46.3	%		44.0	%		46.4	%
Vision		38.2	%		38.5	%		38.2	%		38.7	%
Precision Motion		46.6	%		42.3	%		44.7	%		43.0	%
Total		41.4	%		41.6	%		41.1	%		42.1	%

	Three Months Ended						Nine Months Ended
	October 2,			September 27,			October 2,			September 27,
	2020			2019			2020			2019
Operating Income (Loss)
Photonics	$	7,026		$	10,661		$	22,878		$	34,637
Vision		3,799			5,830			14,098			14,602
Precision Motion		7,675			5,221			20,728			16,839
Unallocated Corporate and Shared Services		(6,634	)		(8,911	)		(18,887	)		(23,779	)
Total	$	11,866		$	12,801		$	38,817		$	42,299

	Three Months Ended				Nine Months Ended
	October 2,		September 27,		October 2,		September 27,
	2020		2019		2020		2019
Depreciation and Amortization Expenses
Photonics	$	2,864	$	3,276	$	8,303	$	8,486
Vision		5,296		5,432		15,845		15,658
Precision Motion		1,369		1,061		4,055		3,613
Unallocated Corporate and Shared Services		67		71		160		197
Total	$	9,596	$	9,840	$	28,363	$	27,954

Schedule of Geographic Revenue

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

	Three Months Ended				Nine Months Ended
	October 2,		September 27,		October 2,		September 27,
	2020		2019		2020		2019
United States	$	57,635	$	63,278	$	171,364	$	190,048
Germany		18,885		21,423		64,266		63,738
Rest of Europe		30,483		30,489		94,281		97,230
China		17,409		11,895		50,285		42,395
Rest of Asia-Pacific		16,414		24,218		55,956		65,367
Other		2,103		2,763		6,973		7,619
Total	$	142,929	$	154,066	$	443,125	$	466,397

Revenue By End Market

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

	Three Months Ended						Nine Months Ended
	October 2,			September 27,			October 2,			September 27,
	2020			2019			2020			2019
Medical		54	%		55	%		56	%		55	%
Advanced Industrial		46	%		45	%		44	%		45	%
Total		100	%		100	%		100	%		100	%