Note 8 - Segment and Geographic Information

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

8. Segment and Geographic Information

We applied the provisions of ASC

280,

which sets forth a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products, major customers and the geographies in which the entity holds material assets and reports revenue. An operating segment is defined as a component that engages in business activities whose operating results are reviewed by the chief operating decision maker and for which discrete financial information is available. Based on the provisions of ASC

280,

we have determined that our identified operating segments qualify for aggregation under ASC

280

due to their similarities in customer base, economic characteristics, and the nature of products and services provided and, as a result we report in

one

segment, semiconductor equipment. As a result, the financial information disclosed herein materially represents all of the financial information related to our semiconductor equipment segment.

During the last

three

years, the following customers comprised

10%

or greater of our consolidated net sales:

	2016		2015		2014
Intel		17.2%		18.0%		15.7%
NXP Semiconductors N.V. (1)		13.7%		11.4%		11.4%

(1) The merger of NXP Semiconductors N.V. and Freescale Semiconductor, Ltd. was completed on December 7, 2015. Sales to these customers have been combined for all periods presented.

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

(in thousands)	2016		2015		2014
Malaysia	$	85,956	$	60,776	$	73,818
China		60,291		52,589		51,662
United States		35,204		50,704		72,266
Rest of the World		100,633		105,585		118,883
Total, net	$	282,084	$	269,654	$	316,629

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

:

(in thousands)	2016		2015
Property, plant and equipment:
United States	$	2,398	$	3,054
Germany		6,674		6,882
Philippines		4,167		4,171
Malaysia		4,067		4,165
Rest of the World		928		728
Total, net	$	18,234	$	19,000
Goodwill and other intangible assets:
Germany	$	26,892	$	31,337
Switzerland		18,264		22,444
United States		17,242		17,241
Malaysia		6,775		6,995
Singapore		6,558		6,558
Rest of the World		953		986
Total, net	$	76,684	$	85,561