Segment Information (Tables)

9 Months Ended

Oct. 01, 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				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
Revenue	2021		2020		2021		2020
Photonics	$	55,263	$	46,394	$	176,113	$	149,337
Vision		65,346		64,299		196,429		198,047
Precision Motion		57,117		32,236		135,291		95,741
Total	$	177,726	$	142,929	$	507,833	$	443,125

	Three Months Ended						Nine Months Ended
	October 1,			October 2,			October 1,			October 2,
Gross Profit	2021			2020			2021			2020
Photonics	$	25,311		$	20,166		$	83,014		$	65,725
Vision		24,763			24,586			76,132			75,676
Precision Motion		27,743			15,011			64,694			42,753
Unallocated Corporate and Shared Services		(1,519	)		(658	)		(6,396	)		(1,902	)
Total	$	76,298		$	59,105		$	217,444		$	182,252

	Three Months Ended						Nine Months Ended
	October 1,			October 2,			October 1,			October 2,
Gross Profit Margin	2021			2020			2021			2020
Photonics		45.8	%		43.5	%		47.1	%		44.0	%
Vision		37.9	%		38.2	%		38.8	%		38.2	%
Precision Motion		48.6	%		46.6	%		47.8	%		44.7	%
Total		42.9	%		41.4	%		42.8	%		41.1	%

	Three Months Ended						Nine Months Ended
	October 1,			October 2,			October 1,			October 2,
Operating Income (Loss)	2021			2020			2021			2020
Photonics	$	9,294		$	7,026		$	35,885		$	22,878
Vision		5,606			3,799			12,178			14,098
Precision Motion		14,957			7,675			34,681			20,728
Unallocated Corporate and Shared Services		(14,582	)		(6,634	)		(40,378	)		(18,887	)
Total	$	15,275		$	11,866		$	42,366		$	38,817

	Three Months Ended				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
Depreciation and Amortization Expenses	2021		2020		2021		2020
Photonics	$	2,901	$	2,864	$	8,703	$	8,303
Vision		5,239		5,296		15,793		15,845
Precision Motion		2,691		1,369		5,916		4,055
Unallocated Corporate and Shared Services		59		67		201		160
Total	$	10,890	$	9,596	$	30,613	$	28,363

Schedule of Geographic Revenue

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

	Three Months Ended				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
	2021		2020		2021		2020
United States	$	72,972	$	57,635	$	191,699	$	171,364
Germany		25,313		18,885		71,448		64,266
Rest of Europe		34,163		30,483		105,338		94,281
China		22,230		17,409		68,286		50,285
Rest of Asia-Pacific		21,256		16,414		64,765		55,956
Other		1,792		2,103		6,297		6,973
Total	$	177,726	$	142,929	$	507,833	$	443,125

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 1,			October 2,			October 1,			October 2,
	2021			2020			2021			2020
Medical		53	%		54	%		53	%		56	%
Advanced Industrial		47	%		46	%		47	%		44	%
Total		100	%		100	%		100	%		100	%