Segment Reporting

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

We have three reportable segments; Factory Metrology, Construction BIM-CIM, and Other. These segments are based upon the vertical markets that we currently serve. Business activities that do not meet the criteria to be reportable segments are aggregated in the Other category.

We develop, manufacture, market, support and sell CAD-based quality assurance products integrated with CAD-based inspection and statistical process control software and three-dimensional documentation systems in each of these reportable segments. These activities represent more than 99% of consolidated sales.

Our Chief Operating Decision Maker (CODM), our Chief Executive Officer, evaluates segment performance and allocates resources based upon profitable growth. We use segment profit to evaluate the performance of our reportable segments. Segment profit is calculated as gross profit, net of selling and marketing expenses, for the reporting segment. Our definition of segment profit may not be comparable to similarly-titled measures reported by other companies.

Our segment structure presented below represents a change from geographic segments due to the reorganization which took place in the year ended December 31, 2016. The amounts for the three months ended March 31, 2016 have been restated to reflect the change in reporting segments. Each of our segments employ consistent accounting policies.

The following tables present information about our reportable segments, including a reconciliation of total segment profit to (Loss) Income from Operations included in the condensed consolidated statements of operations for the three months ended March 31, 2017 and 2016:

	Factory Metrology		Construction BIM-CIM		Other			Total
Three Months Ended March 31, 2017
Total sales	$	57,221	$	18,346	$	5,995		$	81,562
Segment profit	$	16,803	$	4,148	$	(74	)	$	20,877
General and administrative								10,699
Depreciation and amortization								3,718
Research and development								8,466
Loss from operations								$	(2,006	)

	Factory Metrology		Construction BIM-CIM		Other		Total
Three Months Ended March 31, 2016
Total sales	$	53,957	$	14,945	$	6,846	$	75,748
Segment profit	$	18,170	$	3,880	$	2,718	$	24,768
General and administrative							10,150
Depreciation and amortization							3,086
Research and development							7,202
Income from operations							$	4,330