Reportable Segments

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Reportable Segments

16. REPORTABLE SEGMENTS

The Company prepares financial results based on two reportable segments: Products and Services. These segments are organized primarily by the nature of the products and service they provide. The Company’s Chief Executive Officer (chief operating decision maker) views and evaluates operations based on the results of each of the reportable segments. The following table describes each segment:

Segment	Product or Services	Primary Markets Served	Geographic Areas
Products	Assembly Weldments Machining Fabrication	Semiconductor	Americas Asia Pacific EMEA
Services	Cleaning Coating Analytics	Semiconductor	Americas Asia Pacific EMEA

The Company uses segment profit or loss as the primary measure of profitability to evaluate operating performance and to allocate capital resources. Segment profit or loss is defined as a segment’s income or loss from continuing operations before other income and income taxes included in the accompanying Condensed Consolidated Statements of Operations.

Intercompany sales and associated profit are eliminated from segment results.

Segment Data

	Three Months Ended				Nine Months Ended
	September 30,		September 24,		September 30,		September 24,
	2022		2021		2022		2021
Revenues:
Products	$	556.3	$	482.0	$	1,575.2	$	1,270.1
Services		78.7		71.7		232.7		216.4
Total segment revenues	$	635.0	$	553.7	$	1,807.9	$	1,486.5
Gross profit:
Products	$	97.0	$	88.6	$	275.3	$	225.2
Services		27.4		25.5		81.3		75.7
Total segment gross profit	$	124.4	$	114.1	$	356.6	$	300.9
Operating profit (loss):
Products	$	26.8	$	43.8	$	50.1	$	102.0
Services		9.5		6.8		26.5		20.9
Consolidated income (loss) from operations	$	36.3	$	50.6	$	76.6	$	122.9
					September 30,		December 31,
					2022		2021
Assets
Products					$	1,661.0	$	1,757.6
Services						295.0		267.8
Total segment assets					$	1,956.0	$	2,025.4

As of September 30, 2022, approximately $105.7 million and $72.3 million of the Company’s net long-lived assets were located in Asia Pacific and EMEA, respectively, and the remaining balances were located in the United States. At December 31, 2021, approximately $129.0 million and $53.4 million of the Company’s net long-lived assets were located in Asia Pacific and EMEA, respectively, and the remaining balances were located in the United States.