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Segment Information
 6 Months Ended
Jun. 28, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
VPG reports in three product segments: the Foil Technology Products segment, the Force Sensors segment, and the Weighing and Control Systems segment. The Foil Technology Products reporting segment is comprised of the foil resistor and strain gage operating segments. The Force Sensors reporting segment is comprised of transducers, load cells and modules. The Weighing and Control Systems reporting segment is comprised of instruments, complete systems for process control, and on-board weighing applications.
VPG evaluates reporting segment performance based on multiple performance measures including revenues, gross profits and operating income, exclusive of certain items. Management believes that evaluating segment performance, excluding items such as restructuring costs, acquisition costs, and other items is meaningful because it provides insight with respect to the intrinsic operating results of VPG. The following table sets forth reporting segment information (in thousands):
 
Fiscal quarter ended
 
Six fiscal months ended
 
June 28, 2014
 
June 29, 2013
 
June 28, 2014
 
June 29, 2013
Net third-party revenues:

 

 

 

Foil Technology Products
$
28,028

 
$
24,523

 
$
54,035

 
$
48,875

Force Sensors
16,981

 
16,092

 
33,413

 
32,488

Weighing & Control Systems
20,153

 
22,222

 
38,755

 
38,935

Total
$
65,162

 
$
62,837

 
$
126,203

 
$
120,298

 
 
 
 
 
 
 
 
Gross profit:
 
 
 
 
 
 
 
Foil Technology Products
$
11,259

 
$
9,351

 
$
21,115

 
$
18,496

Force Sensors
3,717

 
3,305

 
7,224

 
7,704

Weighing & Control Systems
9,721

 
8,904

 
18,405

 
15,329

Total
$
24,697

 
$
21,560

 
$
46,744

 
$
41,529

 
 
 
 
 
 
 
 
Reconciliation of segment operating income to consolidated results:
 
 
 
 
 
 
 
Foil Technology Products
$
6,542

 
$
5,247

 
$
11,742

 
$
10,014

Force Sensors
1,358

 
1,028

 
2,499

 
3,257

Weighing & Control Systems
3,647

 
3,299

 
6,672

 
5,024

Unallocated G&A expenses
(6,768
)
 
(6,579
)
 
(12,787
)
 
(13,128
)
Acquisition costs
—

 
(208
)
 
—

 
(695
)
Restructuring costs
(7
)
 
—

 
(331
)
 
(388
)
Consolidated condensed operating income
$
4,772

 
$
2,787

 
$
7,795

 
$
4,084

 
 
 
 
 
 
 
 
Acquisition costs:
 
 
 
 
 
 
 
Weighing & Control Systems
$
—

 
$
208

 
$
—

 
$
695

 
 
 
 
 
 
 
 
Restructuring costs:

 

 
 
 
 
Foil Technology Products
$
—

 
$
—

 
$
—

 
$
388

Weighing & Control Systems
7

 
—

 
331

 
—

 
$
7

 
$
—

 
$
331

 
$
388



Products are transferred between segments on a basis intended to reflect, as nearly as practicable, the market value of the products. Intersegment sales from the Foil Technology Products segment to the Force Sensors segment and Weighing and Control Systems segment were $0.9 million and $0.4 million during the fiscal quarters ended June 28, 2014 and June 29, 2013, respectively, and $1.4 million and $0.8 million during the six fiscal months ended June 28, 2014 and June 29, 2013, respectively. Intersegment sales from the Force Sensors segment to the Foil Technology Products segment and Weighing and Control Systems segment were $0.4 million and $0.6 million during the fiscal quarters ended June 28, 2014 and June 29, 2013, respectively, and $0.8 million and $1.3 million during the six fiscal months ended June 28, 2014 and June 29, 2013, respectively. Intersegment sales from the Weighing and Control Systems segment to the Force Sensors segment were $0.3 million and $0.2 million during the fiscal quarters ended June 28, 2014 and June 29, 2013, respectively, and $0.6 million during each of the six fiscal months ended June 28, 2014 and June 29, 2013, respectively.