Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Revenue, Gross Profit, Gross Profit Margin, Operating Income (Loss), and Depreciation and Amortization Expenses by Reportable Segment

Revenue, gross profit, gross profit margin, operating income (loss), and depreciation and amortization expenses by reportable segment were as follows (in thousands, except percentage data):

	Three Months Ended				Nine Months Ended
	September 30,		October 1,		September 30,		October 1,
Revenue	2022		2021		2022		2021
Photonics	$	70,799	$	55,263	$	203,042	$	176,113
Vision		73,345		65,346		200,911		196,429
Precision Motion		78,814		57,117		238,577		135,291
Total	$	222,958	$	177,726	$	642,530	$	507,833

	Three Months Ended						Nine Months Ended
	September 30,			October 1,			September 30,			October 1,
Gross Profit	2022			2021			2022			2021
Photonics	$	34,699		$	25,311		$	94,268		$	83,014
Vision		28,201			24,763			79,966			76,132
Precision Motion		36,832			27,743			113,846			64,694
Unallocated Corporate and Shared Services		(1,324	)		(1,519	)		(4,151	)		(6,396	)
Total	$	98,408		$	76,298		$	283,929		$	217,444

	Three Months Ended						Nine Months Ended
	September 30,			October 1,			September 30,			October 1,
Gross Profit Margin	2022			2021			2022			2021
Photonics		49.0	%		45.8	%		46.4	%		47.1	%
Vision		38.4	%		37.9	%		39.8	%		38.8	%
Precision Motion		46.7	%		48.6	%		47.7	%		47.8	%
Total		44.1	%		42.9	%		44.2	%		42.8	%

	Three Months Ended						Nine Months Ended
	September 30,			October 1,			September 30,			October 1,
Operating Income (Loss)	2022			2021			2022			2021
Photonics	$	18,351		$	9,294		$	45,782		$	35,885
Vision		8,744			5,606			20,811			12,178
Precision Motion		15,800			14,957			48,222			34,681
Unallocated Corporate and Shared Services		(14,234	)		(14,582	)		(38,580	)		(40,378	)
Total	$	28,661		$	15,275		$	76,235		$	42,366

	Three Months Ended				Nine Months Ended
	September 30,		October 1,		September 30,		October 1,
Depreciation and Amortization Expenses	2022		2021		2022		2021
Photonics	$	2,760	$	2,901	$	8,234	$	8,703
Vision		4,240		5,239		12,989		15,793
Precision Motion		6,050		2,691		19,467		5,916
Unallocated Corporate and Shared Services		93		59		309		201
Total	$	13,143	$	10,890	$	40,999	$	30,613

Schedule of Geographic Revenue

The Company aggregates geographic revenue based on the customer locations where products are shipped to. Revenue by geography was as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,		October 1,		September 30,		October 1,
	2022		2021		2022		2021
United States	$	99,230	$	72,972	$	268,585	$	191,699
Germany		34,625		25,313		99,526		71,448
Rest of Europe		33,996		34,163		105,327		105,338
China		24,209		22,230		80,877		68,286
Rest of Asia-Pacific		26,886		21,256		74,400		64,765
Other		4,012		1,792		13,815		6,297
Total	$	222,958	$	177,726	$	642,530	$	507,833

Revenue By End Market

The Company primarily operates in two end markets: the medical market and the advanced industrial market. Revenue by end market was approximately as follows:

	Three Months Ended						Nine Months Ended
	September 30,			October 1,			September 30,			October 1,
	2022			2021			2022			2021
Medical		50	%		53	%		48	%		53	%
Advanced Industrial		50	%		47	%		52	%		47	%
Total		100	%		100	%		100	%		100	%