Product and Geographic Information

12 Months Ended

Mar. 31, 2018

erating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker (CODM) in deciding how to allocate resources and in assessing performance. The Company's CODM is its Chief Executive Officer (CEO).

The Company and its consolidated subsidiaries operate in a single segment, defined as a manufacturer of high-technology microfabrication and related equipment. This segment sells products into a variety of end markets that are grouped into four major categories for the purpose of providing an understanding of the principal end markets for the products manufactured by the Company, specifically: 1) Printed Circuit Board (PCB), 2) Component Test, 3) Semiconductor, and 4) Industrial Machining.

The following table presents net sales information by the four major product categories addressed by the Company's single segment:



(In thousands)	2018		2017		2016
Printed Circuit Board	$	256,430	$	88,771	$	94,121
Component Test	32,790		22,381		19,901
Semiconductor	55,171		29,557		38,262
Industrial Machining	23,493		20,314		32,107
	$	367,884	$	161,023	$	184,391

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



(In thousands)	2018		2017		2016
Asia	$	332,499	$	134,394	$	152,259
Americas	19,241		16,378		21,206
Europe	16,144		10,251		10,926
	$	367,884	$	161,023	$	184,391

Long-lived assets; exclusive of investments, restricted cash and deferred taxes; by geographic area were as follows:



(In thousands)	2018		2017
Americas	$	22,057	$	32,234
Asia	13,811		8,111
Europe	5,591		5,648
	$	41,459	$	45,993