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Industry Segments
3 Months Ended
Mar. 31, 2012
Industry Segments [Abstract]  
Industry Segments
6. 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 reportable 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  
    March 31,
2012
    March 26,
2011
 
   

 

 

 

Net sales by segment:

               

Semiconductor equipment

  $ 43,673     $ 79,443  

Microwave communications

    6,778       7,016  

Video cameras

    2,845       3,241  
   

 

 

   

 

 

 

Total consolidated net sales and net sales for reportable segments

  $ 53,296     $ 89,700  
   

 

 

   

 

 

 
     

Segment profit (loss):

               

Semiconductor equipment

  $ (1,707   $ 8,988  

Microwave communications

    125       9  

Video cameras

    (636     (183
   

 

 

   

 

 

 

Profit (loss) for reportable segments

    (2,218     8,814  

Other unallocated amounts:

               

Corporate expenses

    (1,489     (1,172

Interest and other, net

    92       110  
   

 

 

   

 

 

 

Income (loss) before income taxes

  $ (3,615   $ 7,752  
   

 

 

   

 

 

 

A small number of customers historically have been responsible for a significant portion of our consolidated net sales. During the first quarter of fiscal 2012, two customers of the semiconductor equipment segment each represented more than 10% of consolidated net sales and, combined, they accounted for 59% of our total consolidated net sales. During the first quarter of fiscal 2011, two customers of the semiconductor equipment segment each represented more than 10% of consolidated net sales and, combined, they accounted for 52% of our total consolidated net sales.