Segment and Related Information

12 Months Ended

Dec. 31, 2011

Segment and Related Information [Abstract]

Segment and Related Information

7. Segment and Related Information

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.

The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. 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 presented below:

(in thousands)	2011			2010			2009
Net sales by segment:
Semiconductor equipment	$	260,648		$	273,566		$	119,998
Microwave communications		29,967			31,705			34,093
Video cameras		18,353			17,396			17,170
Total consolidated net sales and net sales for reportable segments	$	308,968		$	322,667		$	171,261
Segment profit (loss):
Semiconductor equipment	$	20,040		$	29,654		$	(17,704	)
Microwave communications		1,510			3,679			5,868
Video cameras		807			561			773
Profit (loss) for reportable segments		22,357			33,894			(11,063	)
Other unallocated amounts:
Corporate expenses		(5,021	)		(4,217	)		(4,032	)
Interest and other income		442			561			1,300
Income (loss) from operations before income taxes	$	17,778		$	30,238		$	(13,795	)

(in thousands)	2011		2010		2009
Depreciation and amortization by segment deducted in arriving at profit (loss):
Semiconductor equipment	$	4,313	$	3,596	$	3,248
Microwave communications		893		1,096		1,299
Video cameras		216		237		227
		5,422		4,929		4,774
Intangible amortization		4,645		6,059		6,255
Total depreciation and amortization for reportable segments	$	10,067	$	10,988	$	11,029
Capital expenditures by segment:
Semiconductor equipment	$	991	$	3,973	$	1,911
Microwave communications		313		440		454
Video cameras		109		166		142
Total consolidated capital expenditures	$	1,413	$	4,579	$	2,507
(in thousands)	2011		2010		2009
Total assets by segment:
Semiconductor equipment	$	255,189	$	255,246	$	216,818
Microwave communications		21,968		27,812		20,937
Video cameras		11,598		11,092		10,082
Total assets for reportable segments		288,755		294,150		247,837
Corporate, principally cash and investments and deferred taxes		72,853		71,893		82,281
Total consolidated assets	$	361,608	$	366,043	$	330,118

Customers from the semiconductor equipment segment comprising 10% or greater of our consolidated net sales are summarized as follows:

	2011			2010			2009
Intel		36	%		26	%		30	%
Texas Instruments		11	%		14	%		*
Advanced Micro Devices		*			*			11	%
*  Less than 10% of net sales

Net sales to customers, attributed to countries based on product shipment destination, were as follows:

(in thousands)	2011		2010		2009
United States	$	77,563	$	64,992	$	57,935
Malaysia		48,624		52,539		22,099
Philippines		40,368		51,659		10,617
China		37,824		50,454		21,076
Singapore		16,666		21,186		18,148
Rest of the World		87,923		81,837		41,386
Total	$	308,968	$	322,667	$	171,261

Geographic location of our property, plant and equipment and other long-lived assets was as follows:

(in thousands)	2011		2010
Property, plant and equipment:
United States	$	24,138	$	26,440
Germany		8,625		9,207
Asia (Singapore, Taiwan and the Philippines)		4,218		4,157
Total, net	$	36,981	$	39,804
Goodwill and other intangible assets:
Germany	$	56,089	$	60,981
United States		17,241		17,482
Singapore		6,558		6,558
Total, net	$	79,888	$	85,021