Segment Information

3 Months Ended

Jan. 02, 2016

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
	January 2, 2016				December 27, 2014
Net sales:
Specialty Laser Systems	$	135,951			$	145,091
Commercial Lasers and Components	54,324				55,524
Total net sales	$	190,275			$	200,615
Income from operations:
Specialty Laser Systems	$	35,795			$	34,554
Commercial Lasers and Components	1,815			1,825	703
Corporate and other	(10,327		)		(10,948		)
Total income from operations	27,283				24,309
Total other expense, net	(222		)		(685		)
Income before income taxes	27,061				23,624
Provision for income taxes	6,775				6,194
Net Income	$	20,286			$	17,430

Major Customers

We had one major customer during the three months ended January 2, 2016 who accounted for 17.6% of consolidated revenue. We had another major customer who accounted for 10.6% and 18.6% of consolidated revenue for the three months ended January 2, 2016 and December 27, 2014, respectively. The customers purchased primarily from our SLS segment.

We had one major customer who accounted for 22.8% of accounts receivable at January 2, 2016. We had another major customer who accounted for 16.3% and 21.4% of accounts receivable at January 2, 2016 and October 3, 2015, respectively. The customers purchased primarily from our SLS segment.