16. Product and Geographic Information

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company's chief operating decision maker (CODM) is its Chief Executive Officer (CEO).

The Company operates in a single segment, defined as a manufacturer of high-technology microfabrication and related equipment. This segment, which also represents the consolidated entity, sells products into a variety of end markets that are grouped into four major categories for the purpose of providing an understanding of the principal end markets for the products manufactured by the Company, specifically: 1) Printed Circuit Board (PCB), 2) Component Test, 3) Semiconductor, and 4) Industrial Machining.

The following table presents net sales information by the four major market categories addressed by the Company's single segment:



	Fiscal quarter ended				Two fiscal quarters ended
(In thousands)	Sep 30, 2017		Oct 1, 2016		Sep 30, 2017		Oct 1, 2016
Printed Circuit Board	$	43,541	$	13,527	$	95,859	$	44,445
Component Test	7,677		4,990		15,858		9,592
Semiconductor	12,028		7,222		18,765		14,831
Industrial Machining	7,721		3,919		13,169		8,458
Net Sales	$	70,967	$	29,658	$	143,651	$	77,326

Net sales by geographic area, based on the location of the end user, were as follows:



	Fiscal quarter ended				Two fiscal quarters ended
(In thousands)	Sep 30, 2017		Oct 1, 2016		Sep 30, 2017		Oct 1, 2016
Asia	$	64,053	$	25,721	$	130,616	$	66,169
Americas	2,936		2,236		7,106		5,254
Europe	3,978		1,701		5,929		5,903
Net Sales	$	70,967	$	29,658	$	143,651	$	77,326