15. Revenues, Product and Geographic Information

Operating 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. Service sales are interrelated with all major end markets of the Company and are separately presented.

The following table presents net sales information by the four major market categories and associated service sales addressed by the Company's single segment:



	Fiscal quarter ended
(In thousands)	Jun 30, 2018		Jul 1, 2017
Printed Circuit Board	$	66,337	$	46,185
Component Test	9,405		7,448
Semiconductor	18,777		5,181
Industrial Machining	2,338		3,279
Service	13,767		10,591
Net sales	$	110,624	$	72,684

The following table presents net sales information by timing of delivery:



	Fiscal quarter ended
(In thousands)	Jun 30, 2018		Jul 1, 2017
Point-in-time	$	104,056	$	67,326
Over-time	6,568		5,358
Net sales	$	110,624	$	72,684

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



	Fiscal quarter ended
(In thousands)	Jun 30, 2018		Jul 1, 2017
Asia	$	99,366	$	66,563
Americas	6,363		4,170
Europe	4,895		1,951
Net sales	$	110,624	$	72,684