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Industry Segments
3 Months Ended
Mar. 30, 2013
Segment Reporting [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. As discussed in Note 2, on December 31, 2012 we purchased Ismeca, which is included in our semiconductor equipment segment.

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 30,
2013
    March 31,
2012
 
  

 

 

 

Net sales by segment:

    

Semiconductor equipment

   $ 48,584     $ 43,673  

Microwave communications

     3,643       6,778  

Video cameras

     3,789       2,845  
  

 

 

   

 

 

 

Total consolidated net sales and net sales for reportable segments

   $ 56,016     $ 53,296  
  

 

 

   

 

 

 

Segment profit (loss):

    

Semiconductor equipment

   $ (8,861   $ (1,707

Microwave communications

     (2,372     125  

Video cameras

     207       (636
  

 

 

   

 

 

 

Profit (loss) for reportable segments

     (11,026     (2,218

Other unallocated amounts:

    

Corporate expenses

     (1,903     (1,489

Interest and other, net

     10       92  
  

 

 

   

 

 

 

Loss before income taxes

   $ (12,919   $ (3,615
  

 

 

   

 

 

 

A small number of customers historically have been responsible for a significant portion of our consolidated net sales. During the first quarter of fiscal 2013, one customer of the semiconductor equipment segment represented more than 10% of consolidated net sales and accounted for 20% of our total 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.