Segment Reporting

12 Months Ended

Dec. 31, 2014

Segment Reporting

16. SEGMENT REPORTING

The Company has three reportable segments based upon geographic regions: Americas, Europe/Africa and Asia-Pacific. The Company includes costs related to Corporate in its Americas region. The Company does not incur research and development expenses in its Asia-Pacific region.

The Company develops, manufactures, markets, supports and sells CAD-based quality assurance products integrated with CAD-based inspection and statistical process control software, and three-dimensional documentation systems in each of these regions. These activities represent more than 99% of consolidated sales. The Company evaluates performance and allocates resources based upon profitable growth and assets deployed.

The following table presents information about the Company’s reportable segments:

	As of and for the Years Ended December 31,
	2014		2013		2012
Americas Region
Net sales to external customers	$	138,968	$	120,435	$	108,616
Depreciation and amortization		3,989		4,012		4,294
Operating income		7,490		6,270		2,949
Long-lived assets		37,013		23,791		21,775
Capital expenditures		12,347		3,563		1,435
Total assets		222,273		201,679		179,594
Europe/Africa Region
Net sales to external customers	$	120,179	$	103,415	$	100,111
Depreciation and amortization		2,090		1,880		1,658
Operating income		8,811		6,417		10,703
Long-lived assets		17,599		17,409		16,871
Capital expenditures		4,799		1,558		1,672
Total assets		124,535		122,197		110,152
Asia-Pacific Region
Net sales to external customers	$	82,679	$	67,934	$	64,668
Depreciation and amortization		1,349		1,146		1,024
Operating income		21,039		17,467		17,902
Long-lived assets		3,047		2,721		2,562
Capital expenditures		1,576		1,319		1,565
Total assets		78,655		67,620		61,061
Totals
Net sales to external customers	$	341,826	$	291,784	$	273,395
Depreciation and amortization		7,428		7,038		6,976
Operating income		37,340		30,154		31,554
Long-lived assets		57,659		43,921		41,208
Capital expenditures		18,722		6,440		4,672
Total assets		425,463		391,496		350,807

The geographical sales information presented above represents sales to customers located in each respective region, whereas the long-lived assets information represents assets held in the respective regions. There were no customers that individually accounted for 10% or more of total consolidated revenue.

Net sales to external customers is based upon the geographic location of the customer.

	For the Years Ended December 31,
Net sales to external customers	2014		2013		2012
United States	$	124,851	$	109,757	$	97,912
Americas-Other		14,117		10,678		10,704
Germany		50,437		42,471		42,413
Europe-Other		69,742		60,944		57,698
Japan		32,531		23,795		25,553
Asia-Other		50,148		44,139		39,115
	$	341,826	$	291,784	$	273,395

Long lived assets consist primarily of property, plant, and equipment, goodwill, and intangible assets, and are attributed to the geographic area in which they are located or originated.

	As of December 31,
Long-Lived Assets	2014		2013		2012
United States	$	35,900	$	22,720	$	20,824
Americas-Other		1,113		1,071		951
Germany		17,351		17,294		16,630
Europe-Other		248		115		241
Japan		599		434		576
Asia-Other		2,448		2,287		1,986
	$	57,659	$	43,921	$	41,208