Revenue, Gross Profit, Operating Income (Loss) from Continuing Operations, Depreciation and Amortization, Accounts Receivable and Inventory by Reportable Segments |
Revenue, gross profit, operating income (loss) from continuing operations, depreciation and amortization, accounts receivable and inventory by reportable segments are as follows (in thousands):
|
|
Year Ended December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
Photonics |
$ |
174,158 |
|
|
$ |
168,331 |
|
|
$ |
177,726 |
|
|
Vision |
|
122,250 |
|
|
|
124,725 |
|
|
|
122,187 |
|
|
Precision Motion |
|
88,350 |
|
|
|
80,542 |
|
|
|
64,793 |
|
|
Total |
$ |
384,758 |
|
|
$ |
373,598 |
|
|
$ |
364,706 |
|
|
|
Year Ended December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Gross Profit |
|
|
|
|
|
|
|
|
|
|
|
|
Photonics |
$ |
76,696 |
|
|
$ |
73,602 |
|
|
$ |
74,224 |
|
|
Vision |
|
47,181 |
|
|
|
48,966 |
|
|
|
48,678 |
|
|
Precision Motion |
|
40,044 |
|
|
|
36,709 |
|
|
|
28,333 |
|
|
Unallocated Corporate and Shared Services |
|
(1,469 |
) |
|
|
(1,387 |
) |
|
|
(1,068 |
) |
|
Total |
$ |
162,452 |
|
|
$ |
157,890 |
|
|
$ |
150,167 |
|
|
|
Year Ended December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Operating Income (Loss) from Continuing Operations |
|
|
|
|
|
|
|
|
|
|
|
|
Photonics |
$ |
34,825 |
|
|
$ |
35,971 |
|
|
$ |
33,053 |
|
|
Vision |
|
(1,277 |
) |
|
|
(2,057 |
) |
|
|
(43,079 |
) |
|
Precision Motion |
|
21,101 |
|
|
|
16,877 |
|
|
|
13,023 |
|
|
Unallocated Corporate and Shared Services |
|
(22,086 |
) |
|
|
(21,858 |
) |
|
|
(19,803 |
) |
|
Total |
$ |
32,563 |
|
|
$ |
28,933 |
|
|
$ |
(16,806 |
) |
|
|
Year Ended December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
Photonics |
$ |
6,738 |
|
|
$ |
6,083 |
|
|
$ |
6,481 |
|
|
Vision |
|
10,402 |
|
|
|
8,599 |
|
|
|
13,254 |
|
|
Precision Motion |
|
2,439 |
|
|
|
2,533 |
|
|
|
1,943 |
|
|
Unallocated Corporate and Shared Services |
|
1,394 |
|
|
|
2,981 |
|
|
|
2,743 |
|
|
Total |
$ |
20,973 |
|
|
$ |
20,196 |
|
|
$ |
24,421 |
|
|
|
December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
Accounts Receivable |
|
|
|
|
|
|
|
|
Photonics |
$ |
28,886 |
|
|
$ |
21,763 |
|
|
Vision |
|
22,885 |
|
|
|
21,691 |
|
|
Precision Motion |
|
11,998 |
|
|
|
13,734 |
|
|
Total accounts receivable |
$ |
63,769 |
|
|
$ |
57,188 |
|
|
Inventory |
|
|
|
|
|
|
|
|
Photonics |
$ |
28,976 |
|
|
$ |
29,501 |
|
|
Vision |
|
20,656 |
|
|
|
19,583 |
|
|
Precision Motion |
|
10,113 |
|
|
|
10,482 |
|
|
Total inventory |
$ |
59,745 |
|
|
$ |
59,566 |
|
|
Total segment assets |
$ |
123,514 |
|
|
$ |
116,754 |
|
|
|
December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
Total Assets |
|
|
|
|
|
|
|
|
Total segment assets |
|
123,514 |
|
|
|
116,754 |
|
|
Cash and cash equivalents |
|
68,108 |
|
|
|
59,959 |
|
|
Prepaid income taxes and income taxes receivable |
|
2,058 |
|
|
|
2,510 |
|
|
Prepaid expenses and other current assets |
|
5,570 |
|
|
|
5,989 |
|
|
Property, plant and equipment, net |
|
35,421 |
|
|
|
40,550 |
|
|
Deferred tax assets |
|
8,593 |
|
|
|
7,885 |
|
|
Other assets |
|
12,502 |
|
|
|
12,673 |
|
|
Intangible assets, net |
|
61,743 |
|
|
|
66,269 |
|
|
Goodwill |
|
108,128 |
|
|
|
103,456 |
|
|
Total |
$ |
425,637 |
|
|
$ |
416,045 |
|
|
Schedule of Geographic Revenue |
The Company aggregates geographic revenue based on the customer location where products are shipped. Revenue to these customers is as follows (in thousands, except percentage data):
|
|
Year Ended December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
|
Revenue |
|
|
% of Total |
|
|
Revenue |
|
|
% of Total |
|
|
Revenue |
|
|
% of Total |
|
|
United States |
$ |
154,756 |
|
|
|
40.2 |
% |
|
$ |
154,825 |
|
|
|
41.4 |
% |
|
$ |
140,973 |
|
|
|
38.7 |
% |
|
Germany |
|
55,940 |
|
|
|
14.5 |
|
|
|
54,743 |
|
|
|
14.7 |
|
|
|
59,029 |
|
|
|
16.2 |
|
|
Rest of Europe |
|
51,705 |
|
|
|
13.4 |
|
|
|
48,277 |
|
|
|
12.9 |
|
|
|
54,308 |
|
|
|
14.9 |
|
|
China |
|
44,225 |
|
|
|
11.5 |
|
|
|
38,491 |
|
|
|
10.3 |
|
|
|
40,792 |
|
|
|
11.2 |
|
|
Rest of Asia-Pacific |
|
60,104 |
|
|
|
15.6 |
|
|
|
62,467 |
|
|
|
16.7 |
|
|
|
58,830 |
|
|
|
16.1 |
|
|
Other |
|
18,028 |
|
|
|
4.8 |
|
|
|
14,795 |
|
|
|
4.0 |
|
|
|
10,774 |
|
|
|
2.9 |
|
|
Total |
$ |
384,758 |
|
|
|
100.0 |
% |
|
$ |
373,598 |
|
|
|
100.0 |
% |
|
$ |
364,706 |
|
|
|
100.0 |
% |
|