Reportable Segments

9 Months Ended

Sep. 24, 2021

Segment Reporting [Abstract]

Reportable Segments

16. REPORTABLE SEGMENTS

The Company operates and reports financial results for two operating 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 Components	Semiconductor	Americas Asia Pacific EMEA
Services	Cleaning 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.

Any intercompany sales and associated profit (and any other intercompany items) are eliminated from segment results. There were no significant intercompany eliminations for the periods presented.

Segment Data

	Three Months Ended				Nine Months Ended
	September 24,		September 25,		September 24,		September 25,
	2021		2020		2021		2020
Revenues:
Products	$	482.0	$	294.4	$	1,270.1	$	831.7
Services		71.7		68.9		216.4		197.3
Total segment revenues	$	553.7	$	363.3	$	1,486.5	$	1,029.0
Gross profit:
Products	$	88.6	$	50.8	$	225.2	$	144.1
Services		25.5		23.8		75.7		70.1
Total segment gross profit	$	114.1	$	74.6	$	300.9	$	214.2
Operating profit:
Products	$	43.8	$	27.4	$	102.0	$	72.0
Services		6.8		7.5		20.9		16.3
Consolidated income from operations	$	50.6	$	34.9	$	122.9	$	88.3
					September 24,		December 25,
					2021		2020
Assets
Products					$	1,662.1	$	868.4
Services						261.9		234.1
Total segment assets					$	1,924.0	$	1,102.5

As of September 24, 2021, approximately $119.7 million and $47.1 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 25, 2020, approximately $90.4 million and $9.4 million of the Company’s net long-lived assets were located in Asia and Europe, respectively, and the remaining balances were located in the United States.