Product and Geographic Information

12 Months Ended

Mar. 28, 2015

Segment Reporting [Abstract]

Product and Geographic Information

and Geographic Information

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. Our chief operating decision maker is our Chief Executive Officer. Prior to the fourth quarter of 2015, we operated in one segment, high-technology manufacturing equipment, which was comprised of products that were classified in three groups: interconnect and micromachining, semiconductor and component. As a result of changes in our go-to-market strategies, common customer characteristics, and information utilized to manage our business, we realigned our products into two segments. As of March 28, 2015 we operate in two segments, Component Processing and Micromachining. The Company is providing supplemental historical information of net sales and gross profit by operating segment for the years 2015, 2014 and 2013.

The following table presents net sales information by previously disclosed product groups and is included as a reference to transition from our prior reporting structure to our new operating segment structure:

(In thousands)	2015		2014		2013
Interconnect & Microfabrication Group (IMG)	$	101,433	$	120,947	$	170,360
Semiconductor Group (SG)	38,586		35,779		18,754
Components Group (CG)	19,099		24,441		27,511
	$	159,118	$	181,167	$	216,625

The following table presents net sales information by operating segments:

(In thousands)	2015		2014		2013
Component Processing	$	124,598	$	141,401	$	125,072
Micromachining	34,520		39,766		91,553
	$	159,118	$	181,167	$	216,625

The following table presents gross profit by operating segments:

(In thousands)	2015			2014			2013
Component Processing	$	50,970		$	63,914		$	49,435
Micromachining	6,383			12,175			37,922
Corporate and other	(2,672		)	(16,218		)	(26,069		)
	$	54,681		$	59,871		$	61,288

Segment disclosures are presented to the gross profit level as this is the primary performance measure for which the segment management are responsible. Corporate and other charges include amortization of acquired intangible assets, stock-based compensation, restructuring and other costs. Selling, service, general and administrative and other operating expenses are managed at the functional and corporate levels, and because allocation to the market segments would be arbitrary, have not been allocated to the market segments. See the consolidated statements of operations for reconciliations from gross profit to income before taxes. These reconciling items are not included in the measure of profit and loss for each reportable segment.

Net sales by geographic area, based on the location of the end user, were as follows:

(In thousands)	2015		2014		2013
Asia	$	124,049	$	136,336	$	186,346
Americas	18,067		31,596		20,907
Europe	17,002		13,235		9,372
	$	159,118	$	181,167	$	216,625

Assets, excluding goodwill are not allocated to segments for internal reporting presentations and are managed at corporate level. The total carrying value of $7.7 million of goodwill was allocated to the Topwin reporting unit as of March 28, 2015.

(In thousands)	2015
Topwin	7,717
	$	7,717

Long-lived assets, exclusive of investments and net deferred tax assets, by geographic area were as follows:

(In thousands)	2015		2014
Americas	$	32,620	$	38,930
Asia	19,775		6,271
Europe	9,835		9,810
	$	62,230	$	55,011