Segment Information (Tables)

6 Months Ended

Jun. 29, 2018

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

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

	Three Months Ended				Six Months Ended
	June 29,		June 30,		June 29,		June 30,
	2018		2017		2018		2017
Revenue
Photonics	$	64,062	$	57,885	$	125,893	$	108,621
Vision		53,823		34,031		110,032		66,793
Precision Motion		32,515		27,186		61,440		52,662
Total	$	150,400	$	119,102	$	297,365	$	228,076

	Three Months Ended						Six Months Ended
	June 29,			June 30,			June 29,			June 30,
	2018			2017			2018			2017
Gross Profit
Photonics	$	30,737		$	26,668		$	60,292		$	48,457
Vision		20,441			14,440			40,162			27,586
Precision Motion		14,702			12,749			27,962			24,267
Unallocated Corporate and Shared Services		(651	)		(368	)		(1,028	)		(727	)
Total	$	65,229		$	53,489		$	127,388		$	99,583

	Three Months Ended						Six Months Ended
	June 29,			June 30,			June 29,			June 30,
	2018			2017			2018			2017
Gross Profit Margin
Photonics		48.0	%		46.1	%		47.9	%		44.6	%
Vision		38.0	%		42.4	%		36.5	%		41.3	%
Precision Motion		45.2	%		46.9	%		45.5	%		46.1	%
Total		43.4	%		44.9	%		42.8	%		43.7	%

	Three Months Ended						Six Months Ended
	June 29,			June 30,			June 29,			June 30,
	2018			2017			2018			2017
Operating Income (Loss)
Photonics	$	16,184		$	12,564		$	31,507		$	20,771
Vision		391			2,522			866			4,047
Precision Motion		7,612			7,581			16,219			14,745
Unallocated Corporate and Shared Services		(7,072	)		(6,920	)		(14,250	)		(13,477	)
Total	$	17,115		$	15,747		$	34,342		$	26,086

	Three Months Ended				Six Months Ended
	June 29,		June 30,		June 29,		June 30,
	2018		2017		2018		2017
Depreciation and Amortization
Photonics	$	2,966	$	3,783	$	6,033	$	7,027
Vision		5,097		2,477		10,271		4,914
Precision Motion		841		592		1,344		1,158
Unallocated Corporate and Shared Services		216		242		539		477
Total	$	9,120	$	7,094	$	18,187	$	13,576

Schedule of Geographic Revenue

The Company aggregates geographic revenue based on the customer location where products are shipped. Revenue from these customers was as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 29,		June 30,		June 29,		June 30,
	2018		2017		2018		2017
United States	$	60,467	$	51,618	$	118,580	$	98,829
Germany		21,012		14,781		41,081		29,079
Rest of Europe		23,347		14,430		50,407		28,012
China		18,367		13,986		33,970		25,461
Rest of Asia-Pacific		24,987		20,877		49,707		40,742
Other		2,220		3,410		3,620		5,953
Total	$	150,400	$	119,102	$	297,365	$	228,076

Revenue By End Market

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

	Three Months Ended						Six Months Ended
	June 29,			June 30,			June 29,			June 30,
	2018			2017			2018			2017
Advanced Industrial		50	%		60	%		50	%		60	%
Medical		50	%		40	%		50	%		40	%
Total		100	%		100	%		100	%		100	%