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Segment Information
12 Months Ended
Dec. 31, 2014
Segment Information [Abstract]  
Segment Information

Note 21 Segment Information

 

The Company operates in one reportable business segment. The Company conducts its business through subsidiaries in the United States, a subsidiary in Israel that operates a research and production facility and sales and service offices, a subsidiary in Switzerland that operates a research and production facility, subsidiaries in France and Brazil that operate production facilities and sales and service offices, and sales and service offices operated by other subsidiaries in Europe (Belgium, Germany, the United Kingdom, Italy and the Netherlands) and in Asia Pacific (Australia, China, India, Japan and Korea). The Company has historically disclosed summarized financial information for the geographic areas of operations as if they were segments in accordance with ASC 280, “Segment Reporting.” Financial information concerning the Company’s geographical locations is based on the location of the selling entity. Such summarized financial information concerning the Company’s geographical operations is shown in the following tables:

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2014

 

2013

 

2012

Revenue from unaffiliated customers:

 

 

 

 

 

 

 

 

 

Americas

 

$

333,925 

 

$

284,752 

 

$

196,414 

Germany

 

 

87,021 

 

 

51,245 

 

 

39,748 

Other EMEA

 

 

109,066 

 

 

82,536 

 

 

60,939 

Asia Pacific

 

 

123,640 

 

 

94,867 

 

 

56,532 

Total

 

$

653,652 

 

$

513,400 

 

$

353,633 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2014

 

2013

 

2012

Products

 

$

283,339 

 

$

227,627 

 

$

126,798 

Materials

 

 

158,859 

 

 

128,405 

 

 

103,182 

Services

 

 

211,454 

 

 

157,368 

 

 

123,653 

Total revenue

 

$

653,652 

 

$

513,400 

 

$

353,633 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

 

Intercompany Sales to

(in thousands)

 

Americas

 

Germany

 

Other EMEA

 

Asia Pacific

 

Total

Americas

 

$

201 

 

$

3,217 

 

$

42,622 

 

$

2,283 

 

$

48,323 

Germany

 

 

43,841 

 

 

 

 

3,131 

 

 

 

 

46,972 

Other EMEA

 

 

20,580 

 

 

6,742 

 

 

2,066 

 

 

 

 

29,388 

Asia Pacific

 

 

14,433 

 

 

 

 

2,739 

 

 

2,759 

 

 

19,939 

Total

 

$

79,055 

 

$

9,967 

 

$

50,558 

 

$

5,042 

 

$

144,622 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013

 

 

Intercompany Sales to

(in thousands) 

 

Americas

 

Germany

 

Other EMEA

 

Asia Pacific

 

Total

Americas

 

$

 

$

23,100 

 

$

15,622 

 

$

5,438 

 

$

44,160 

Germany

 

 

1,825 

 

 

 

 

4,135 

 

 

 

 

5,960 

Other EMEA

 

 

26,862 

 

 

1,688 

 

 

2,090 

 

 

566 

 

 

31,206 

Asia Pacific

 

 

1,659 

 

 

641 

 

 

67 

 

 

1,431 

 

 

3,798 

Total

 

$

30,346 

 

$

25,429 

 

$

21,914 

 

$

7,435 

 

$

85,124 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2012

 

 

Intercompany Sales to

(in thousands)

 

Americas

 

Germany

 

Other EMEA

 

Asia Pacific

 

Total

Americas

 

$

 —

 

$

6,823 

 

$

4,153 

 

$

1,044 

 

$

12,020 

Germany

 

 

197 

 

 

 

 

2,205 

 

 

 

 

2,402 

Other EMEA

 

 

4,812 

 

 

26 

 

 

255 

 

 

38 

 

 

5,131 

Asia Pacific

 

 

195 

 

 

 

 

 

 

 

 

195 

Total

 

$

5,204 

 

$

6,849 

 

$

6,613 

 

$

1,082 

 

$

19,748 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2014

 

2013

 

2012

Income (loss) from operations:

 

 

 

 

 

 

 

 

 

Americas

 

$

(24,663)

 

$

43,743 

 

$

37,743 

Germany

 

 

2,749 

 

 

302 

 

 

1,305 

Other EMEA

 

 

9,181 

 

 

7,849 

 

 

5,415 

Asia Pacific

 

 

40,131 

 

 

30,499 

 

 

16,528 

Subtotal

 

 

27,398 

 

 

82,393 

 

 

60,991 

Inter-segment elimination

 

 

(1,083)

 

 

(1,532)

 

 

(420)

Total

 

$

26,315 

 

$

80,861 

 

$

60,571 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2014

 

2013

 

2012

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

Americas

 

$

38,876 

 

$

21,826 

 

$

17,049 

Germany

 

 

1,075 

 

 

961 

 

 

178 

Other EMEA

 

 

11,427 

 

 

4,410 

 

 

2,983 

Asia Pacific

 

 

3,810 

 

 

3,247 

 

 

1,019 

Total

 

$

55,188 

 

$

30,444 

 

$

21,229 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2014

 

2013

 

2012

Capital expenditures:

 

 

 

 

 

 

 

 

 

Americas

 

$

18,187 

 

$

5,166 

 

$

2,177 

Germany

 

 

235 

 

 

21 

 

 

49 

Other EMEA

 

 

3,680 

 

 

1,171 

 

 

857 

Asia Pacific

 

 

625 

 

 

614 

 

 

141 

Total

 

$

22,727 

 

$

6,972 

 

$

3,224 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2014

 

2013

Assets:

 

 

 

 

 

 

Americas

 

$

1,018,113 

 

$  

870,208 

Germany 

 

 

47,524 

 

 

38,685 

Other EMEA

 

 

382,259 

 

 

120,562 

Asia Pacific 

 

 

78,074 

 

 

68,401 

Total

 

$

1,525,970 

 

$

1,097,856 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2014

 

2013

Cash and cash equivalents:

 

 

 

 

 

 

Americas

 

$

245,219 

 

$  

286,377 

Germany 

 

 

6,640 

 

 

3,441 

Other EMEA

 

 

15,556 

 

 

8,915 

Asia Pacific 

 

 

17,447 

 

 

7,583 

Total

 

$

284,862 

 

$

306,316 

 

 

 

 

 

 

 

 

 

(in thousands)

 

2014

 

2013

Long-lived assets:

 

 

 

 

 

 

Americas

 

$

570,049 

 

$  

426,221 

Germany 

 

 

19,994 

 

 

23,134 

Other EMEA

 

 

309,817 

 

 

71,269 

Asia Pacific 

 

 

45,420 

 

 

50,377 

Total

 

$

945,280 

 

$

571,001