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Segment Information and Geographic Data (Tables)
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Summary of Gross Profit Information, Excluding Stock-Based Compensation Expense by Segment

Gross profit information, excluding stock-based compensation expense, for the three and six months ended June 30, 2013 and 2012 is summarized as follows (in thousands):

 

     Three Months Ended June 30,     Six Months Ended June 30,  
     2013     2012     2013     2012  

Industrial Inkjet

        

Revenue

   $  88,003      $  79,820      $  168,306      $  154,912   

Gross profit

     35,165        32,215        67,146        61,701   

Gross profit percentages

     40.0     40.4     39.9     39.8

Productivity Software

        

Revenue

   $ 28,509      $ 25,722      $ 56,238      $ 49,791   

Gross profit

     20,231        18,500        40,156        35,665   

Gross profit percentages

     71.0     71.9     71.4     71.6

Fiery

        

Revenue

   $ 63,786      $ 58,359      $ 127,113      $ 119,254   

Gross profit

     42,969        39,312        85,392        80,626   

Gross profit percentages

     67.4     67.4     67.2     67.6
Reconciliation of Segment Gross Profit to Condensed Consolidated Statements of Operations

A reconciliation of our segment gross profit to our condensed consolidated statements of operations for the three and six months ended June 30, 2013 and 2012 is as follows (in thousands):

 

     Three Months Ended June 30,     Six Months Ended June 30,  
     2013     2012     2013     2012  

Segment gross profit

   $  98,365        $  90,027        $  192,694        $  177,992     

Stock-based compensation expense

     (382     (235     (851     (533
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

   $ 97,983      $ 89,792      $ 191,843      $ 177,459   
  

 

 

   

 

 

   

 

 

   

 

 

Tangible and Intangible Assets, Net of Liabilities, Summarized by Operating Segment

Tangible and intangible assets, net of liabilities, are summarized by operating segment as follows (in thousands):

 

                                            

June 30, 2013

   Industrial
Inkjet
     Productivity
Software
    Fiery  

Goodwill

   $ 60,594       $ 97,324      $ 64,480   

Identified intangible assets, net

     37,264         32,620        2,449   

Tangible assets, net of liabilities

     89,119         (17,410     30,245   
  

 

 

    

 

 

   

 

 

 

Net tangible and intangible assets

   $ 186,977       $ 112,534      $ 97,174   
  

 

 

    

 

 

   

 

 

 
       

December 31, 2012

                   

Goodwill

   $ 60,745       $ 94,112      $ 64,526   

Identified intangible assets, net

     41,103         36,141        3,000   

Tangible assets, net of liabilities

     80,569         (14,239     26,304   
  

 

 

    

 

 

   

 

 

 

Net tangible and intangible assets

     182,417         116,014        93,830   
  

 

 

    

 

 

   

 

 

Revenue by Ship-to Destination

Our revenue by ship-to destination for the three and six months ended June 30, 2013 and 2012 was as follows (in thousands):

 

     Three months ended June 30,      Six months ended June 30,  
     2013      2012      2013      2012  

Americas

   $ 100,516       $ 82,725       $ 194,413       $ 164,906   

Europe, Middle East and Africa (“EMEA”)

     49,984         51,560         100,030         106,686   

Asia Pacific (“APAC”)

     29,798         29,616         57,214         52,365   

Japan

     5,815         7,867         13,034         14,819   

APAC, ex Japan

     23,983         21,749         44,180         37,546   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenue

   $ 180,298       $ 163,901       $ 351,657       $ 323,957