Industry Segments

9 Months Ended

Sep. 24, 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						Nine Months Ended
	September 24, 2011			September 25, 2010			September 24, 2011			September 25, 2010
Net sales by segment:
Semiconductor equipment	$	59,409		$	75,369		$	208,480		$	196,965
Microwave communications		7,672			6,301			20,620			16,350
Video cameras		4,732			4,396			13,309			12,450
Total consolidated net sales and net sales for reportable segments	$	71,813		$	86,066		$	242,409		$	225,765
Segment profit (loss):
Semiconductor equipment	$	3,274		$	9,654		$	19,480		$	22,746
Microwave communications		371			122			(89	)		(674	)
Video cameras		195			132			468			209
Profit (loss) for reportable segments		3,840			9,908			19,859			22,281
Other unallocated amounts:
Corporate expenses		(1,180	)		(1,127	)		(3,728	)		(3,102	)
Interest and other, net		114			127			340			439
Income before income taxes	$	2,774		$	8,908		$	16,471		$	19,618

	September 24, 2011		December 25, 2010
Total assets by segment (in thousands):
Semiconductor equipment	$	260,671	$	255,246
Microwave communications		22,577		27,812
Video cameras		10,427		11,092
Total assets for reportable segments		293,675		294,150
Corporate, principally cash and investments and deferred taxes		77,409		71,893
Total consolidated assets	$	371,084	$	366,043

A small number of customers historically have been responsible for a significant portion of our total consolidated net sales. During the third quarter and first nine months of fiscal 2011 two customers of the semiconductor equipment segment each represented more than 10% of our total consolidated net sales and accounted for 50% and 46% of our total consolidated net sales, respectively. During the third quarter and the first nine months of fiscal 2010, three customers of the semiconductor equipment segment each represented more than 10% of our total consolidated net sales and, combined, they accounted for 57% and 52% of our total consolidated net sales, respectively.