Reportable Segments

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Reportable Segments

15. REPORTABLE SEGMENTS

The Company prepares financial results based on three operating segments and two reportable segments: Products and Services. These segments are organized primarily by the nature of the products and service they provide. Ham-Let was added to the Products segment.  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	Markets Served	Geographic Areas
Products	Assembly Weldments Machining Fabrication	Semiconductor	United States Asia Pacific EMEA
Services	Cleaning                                     Coating Analytics	Semiconductor	United States 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 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.

	Fiscal Year End
	December 31,		December 25,		December 27,
(In millions)	2021		2020		2019
Revenues:
Products	$	1,803.9	$	1,131.2	$	840.8
Services		297.7		267.4		225
Total segment revenues	$	2,101.6	$	1,398.6	$	1,066.2
Gross profit:
Products	$	325.2	$	196.5	$	121.8
Services		104.8		95.3		75.0
Total segment gross profit	$	430.0	$	291.8	$	196.8
Operating profit:
Products	$	154.3	$	97.2	$	18.3
Services		31.4		24.2		11.6
Total segment operating profit	$	185.7	$	121.4	$	29.9
	December 31,		December 25,
(In millions)	2021		2020
Assets
Products	$	1,757.6	$	868.4
Services		267.8		234.1
Total segment assets	$	2,025.4	$	1,102.5