Segment and Geographic Information

We applied the provisions of ASC Topic

280,

Segment Reporting

, (“ASC

280”

), which sets forth a management approach to segment reporting and 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. After the acquisition of Xcerra on

October 1, 2018,

we determined that our

four

identified operating segments are: Test Handler Group (THG), Semiconductor Tester Group (STG), Interface Solutions Group (ISG) and PCB Test Group (PTG). Our THG, STG and ISG operating segments qualify for aggregation under ASC

280

due to similarities in their customers, their economic characteristics, and the nature of products and services provided. As a result, we report in

two

segments, Semiconductor Test & Inspection and PCB Test.

(in thousands)	2019			2018			2017
Net sales by segment:
Semiconductor Test & Inspection	$	540,878		$	443,276		$	352,704
PCB Test		42,451			8,492			-
Total consolidated net sales for reportable segments	$	583,329		$	451,768		$	352,704
Segment profit (loss) before tax:
Semiconductor Test & Inspection	$	(45,072	)	$	2,489		$	42,535
PCB Test		2,635			(5,154	)		-
Profit (loss) for reportable segments		(42,437	)		(2,665	)		42,535
Other unallocated amounts:
Corporate expenses		(9,848	)		(25,457	)		(7,787	)
Interest expense		(20,556	)		(4,977	)		(54	)
Interest income		764			1,187			671
Income (loss) from continuing operations before taxes	$	(72,077	)	$	(31,912	)	$	35,365

(in thousands)	2019		2018		2017
Depreciation and amortization by segment deducted in arriving at profit (loss):
Semiconductor Test & Inspection	$	56,621	$	24,634	$	9,195
PCB Test		2,250		1,413		-
Total depreciation and amortization for reportable segments	$	58,871	$	26,047	$	9,195
Capital expenditures by segment:
Semiconductor Test & Inspection	$	17,831	$	4,957	$	6,093
PCB Test		169		10		-
Total consolidated capital expenditures	$	18,000	$	4,967	$	6,093

(in thousands)	2019		2018		2017
Total assets by segment:
Semiconductor Test & Inspection	$	998,756	$	1,038,053	$	368,158
PCB Test		56,938		57,762		-
Total assets for reportable segments		1,055,694		1,095,815		368,158
Corporate, principally cash and investments		18,398		34,367		52,299
Discontinued operations		3,618		3,820		-
Total consolidated assets	$	1,077,710	$	1,134,002	$	420,457

During the last

three

years, the following customers of our Semiconductor Test & Inspection segment that comprised

10%

or greater of our consolidated net sales were as follows:

	2019			2018		2017
Intel		11.1	%		**		11.2	%
NXP Semiconductors N.V.		*			**		15.9	%

* Less than 10% of consolidated net sales.
**No single customer exceeded 10% of consolidated net sales for the year ended December 29, 2018.

customer of our PCB Test segment exceeded

10%

of consolidated net sales for the years ended

December 28, 2019

and

December 29, 2018.

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

(in thousands)	2019		2018		2017
China	$	118,213	$	90,255	$	82,474
Malaysia		61,826		61,793		80,102
United States		71,963		61,177		38,729
Philippines		51,683		46,421		26,268
Taiwan		75,725		25,074		16,517
Rest of the World		203,919		167,048		108,614
Total, net	$	583,329	$	451,768	$	352,704

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

(in thousands)	2019		2018
Property, plant and equipment:
Germany	$	25,234	$	21,655
United States		16,671		20,417
Japan		9,964		11,905
Malaysia		7,151		10,535
Philippines		8,637		5,842
Rest of the World		3,255		3,978
Total, net	$	70,912	$	74,332

Goodwill and other intangible assets:
Germany	$	228,476	$	249,605
United States		207,642		228,022
Malaysia		44,140		43,569
Singapore		13,915		15,173
Switzerland		8,190		11,604
Japan		3,872		4,138
Rest of the World		7,453		8,977
Total, net	$	513,688	$	561,088