Segment Reporting

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2016 have been restated to reflect the change in reporting segments. Each of our segments employs consistent accounting policies.

The following tables present information about our reportable segments, including a reconciliation of total segment profit to Income (Loss) from Operations included in the condensed consolidated statements of operations for the three and nine months ended September 30, 2017 and 2016:

	Factory Metrology		Construction BIM-CIM		Other		Total
Three Months Ended September 30, 2017
Total sales	$	59,339	$	22,751	$	8,160	$	90,250
Segment profit	$	20,144	$	5,407	$	493	$	26,044
General and administrative							10,307
Depreciation and amortization							4,368
Research and development							9,019
Income from operations							$	2,350

	Factory Metrology		Construction BIM-CIM		Other		Total
Three Months Ended September 30, 2016
Total sales	$	58,310	$	15,925	$	5,365	$	79,600
Segment profit	$	16,305	$	4,704	$	1,888	$	22,897
General and administrative							10,747
Depreciation and amortization							3,381
Research and development							7,928
Income from operations							$	841

	Factory Metrology		Construction BIM-CIM		Other		Total
Nine Months Ended September 30, 2017
Total sales	$	173,531	$	60,550	$	20,413	$	254,494
Segment profit	$	53,497	$	13,799	$	363	$	67,659
General and administrative							32,883
Depreciation and amortization							12,075
Research and development							26,530
Loss from operations							$	(3,829	)

	Factory Metrology		Construction BIM-CIM		Other		Total
Nine Months Ended September 30, 2016
Total sales	$	168,418	$	47,529	$	17,939	$	233,886
Segment profit	$	53,034	$	12,868	$	6,982	$	72,884
General and administrative							31,139
Depreciation and amortization							9,733
Research and development							22,344
Income from operations							$	9,668