Segment Information (Tables)

6 Months Ended

Jul. 02, 2021

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				Six Months Ended
	July 2,		July 3,		July 2,		July 3,
Revenue	2021		2020		2021		2020
Photonics	$	62,357	$	47,803	$	120,851	$	102,943
Vision		63,447		64,740		131,083		133,748
Precision Motion		41,719		32,185		78,173		63,505
Total	$	167,523	$	144,728	$	330,107	$	300,196

	Three Months Ended						Six Months Ended
	July 2,			July 3,			July 2,			July 3,
Gross Profit	2021			2020			2021			2020
Photonics	$	29,593		$	20,898		$	57,702		$	45,559
Vision		24,443			24,515			51,369			51,090
Precision Motion		20,874			13,834			36,951			27,742
Unallocated Corporate and Shared Services		(2,504	)		(545	)		(4,876	)		(1,244	)
Total	$	72,406		$	58,702		$	141,146		$	123,147

	Three Months Ended						Six Months Ended
	July 2,			July 3,			July 2,			July 3,
Gross Profit Margin	2021			2020			2021			2020
Photonics		47.5	%		43.7	%		47.7	%		44.3	%
Vision		38.5	%		37.9	%		39.2	%		38.2	%
Precision Motion		50.0	%		43.0	%		47.3	%		43.7	%
Total		43.2	%		40.6	%		42.8	%		41.0	%

	Three Months Ended						Six Months Ended
	July 2,			July 3,			July 2,			July 3,
Operating Income (Loss)	2021			2020			2021			2020
Photonics	$	14,196		$	6,937		$	26,591		$	15,852
Vision		3,206			4,665			6,572			10,299
Precision Motion		12,279			6,515			19,724			13,053
Unallocated Corporate and Shared Services		(13,689	)		(4,416	)		(25,796	)		(12,253	)
Total	$	15,992		$	13,701		$	27,091		$	26,951

	Three Months Ended				Six Months Ended
	July 2,		July 3,		July 2,		July 3,
Depreciation and Amortization Expenses	2021		2020		2021		2020
Photonics	$	2,905	$	2,790	$	5,803	$	5,439
Vision		5,279		5,272		10,554		10,549
Precision Motion		1,618		1,333		3,225		2,686
Unallocated Corporate and Shared Services		73		42		142		93
Total	$	9,875	$	9,437	$	19,724	$	18,767

Schedule of Geographic Revenue

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

	Three Months Ended				Six Months Ended
	July 2,		July 3,		July 2,		July 3,
	2021		2020		2021		2020
United States	$	59,497	$	54,524	$	118,727	$	113,729
Germany		23,773		22,148		46,135		45,381
Rest of Europe		35,600		30,713		71,175		63,798
China		23,506		17,472		46,057		32,876
Rest of Asia-Pacific		22,762		17,842		43,509		39,542
Other		2,385		2,029		4,504		4,870
Total	$	167,523	$	144,728	$	330,107	$	300,196

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						Six Months Ended
	July 2,			July 3,			July 2,			July 3,
	2021			2020			2021			2020
Medical		52	%		55	%		53	%		57	%
Advanced Industrial		48	%		45	%		47	%		43	%
Total		100	%		100	%		100	%		100	%