Segment Information

9 Months Ended

Jul. 04, 2015

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The following table provides net sales and income from operations for our operating segments and a reconciliation of our total income from operations to net income (in thousands):

	Three Months Ended							Nine Months Ended
	July 4, 2015				June 28, 2014			July 4, 2015			June 28, 2014
Net sales:
Specialty Laser Systems	$	123,341			$	137,590		$	408,448		$	418,208
Commercial Lasers and Components	65,161				58,927			184,390			171,087
Total net sales	$	188,502			$	196,517		$	592,838		$	589,295
Income (expense) from operations:
Specialty Laser Systems	$	24,760			$	27,144		$	91,392		$	86,893
Commercial Lasers and Components	4,227			1,825	(162		)	7,209			15			7,209
Corporate and other	(10,293		)		(9,834		)	(33,466		)	(33,936		)
Total income from operations	18,694				17,148			65,135			52,972
Total other income, net	(608		)		(223		)	697			597
Income before income taxes	18,086				16,925			65,832			53,569
Provision for income taxes	4,822				3,926			16,725			13,560
Net Income	$	13,264			$	12,999		$	49,107		$	40,009

Major Customers

We had one major customer during the three months ended July 4, 2015 who accounted for 12.3% of consolidated revenue. We had another major customer during the nine months ended July 4, 2015 who accounted for 15.4% of consolidated revenue. This major customer also accounted for 13.9% and 13.0% of consolidated revenue for the three and nine months endedJune 28, 2014. Both customers purchased primarily from our SLS segment.

We had two major customers who accounted for 16.4% and 16.1%, respectively, of accounts receivable at July 4, 2015. The same two major customers accounted for 15.2% and 11.6% of accounts receivable, respectively, at September 27, 2014. Both customers purchased primarily from our SLS segment.