Industry Segments

6 Months Ended

Jun. 25, 2011

Industry Segments [Abstract]

Industry Segments

7. Industry Segments

Our reportable segments are business units that offer different products and are managed separately because each business requires different technology and marketing strategies. Our three segments are: semiconductor equipment, microwave communications and video cameras.

We allocate resources and evaluate the performance of segments based on profit or loss from operations, excluding interest, corporate expenses and unusual gains or losses. Intersegment sales were not significant for any period.

Financial information by industry segment is as follows (in thousands):

	Three Months Ended						Six Months Ended
	June 25,			June 26,			June 25,			June 26,
	2011			2010			2011			2010
Net sales by segment:
Semiconductor equipment	$	69,628		$	65,574		$	149,071		$	121,596
Microwave communications		5,932			4,901			12,948			10,049
Video cameras		5,336			4,394			8,577			8,054
Total consolidated net sales and net sales for reportable segments	$	80,896		$	74,869		$	170,596		$	139,699
Segment profit (loss):
Semiconductor equipment	$	7,218		$	10,148		$	16,206		$	13,092
Microwave communications		(469	)		(469	)		(460	)		(796	)
Video cameras		456			57			273			77
Profit (loss) for reportable segments		7,205			9,736			16,019			12,373
Other unallocated amounts:
Corporate expenses		(1,376	)		(809	)		(2,548	)		(1,975	)
Interest and other, net		116			138			226			312
Income before income taxes	$	5,945		$	9,065		$	13,697		$	10,710

	June 25,		December 25,
	2011		2010
Total assets by segment (in thousands):
Semiconductor equipment	$	261,233	$	255,246
Microwave communications		20,452		27,812
Video cameras		11,835		11,092
Total assets for reportable segments		293,520		294,150
Corporate, principally cash and investments and deferred taxes		78,371		71,893
Total consolidated assets	$	371,891	$	366,043

A small number of customers historically have been responsible for a significant portion of our consolidated net sales. During the second quarter of fiscal 2011 one customer of the semiconductor equipment segment represented more than 10% of our consolidated net sales and accounted for 30% of our total consolidated net sales. For the first six months of fiscal 2011, two customers of the semiconductor equipment segment each represented more than 10% of our consolidated net sales and, combined, they accounted for 45% of our total consolidated net sales. During the second quarter and the first six months of fiscal 2010, three customers of the semiconductor equipment segment each represented more than 10% of our consolidated net sales and, combined, they accounted for 42% and 49% of our total consolidated net sales, respectively.