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Segment Information
3 Months Ended
Apr. 01, 2012
Segment Reporting [Abstract]  
Segment Information
SEGMENT 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.
We report our segments based on a market-focused organization. Our segments are: Electronics, Materials Science, Life Sciences and Service and Components.
The following tables summarize various financial amounts for each of our business segments (in thousands):
 
Thirteen Weeks Ended
 
April 1,
2012
 
April 3,
2011
Sales to External Customers:
 
 
 
Electronics
$
77,890

 
$
61,348

Materials Science
73,220

 
70,659

Life Sciences
18,234

 
24,025

Service and Components
48,211

 
40,928

Total
$
217,555

 
$
196,960

Gross Profit:
 
 
 
Electronics
$
41,729

 
$
31,762

Materials Science
33,328

 
30,773

Life Sciences
6,949

 
9,902

Service and Components
16,105

 
13,467

Total
$
98,111

 
$
85,904


 
April 1,
2012
 
December 31,
2011
Goodwill:
 
 
 
Electronics
$
18,121

 
$
18,115

Materials Science
39,986

 
17,991

Life Sciences
17,340

 
16,895

Service and Components
5,056

 
5,052

Total
$
80,503

 
$
58,053

Total Assets:
 
 
 
Electronics
$
167,094

 
$
121,311

Materials Science
204,843

 
180,607

Life Sciences
63,440

 
67,445

Service and Components
176,071

 
158,542

Corporate and Eliminations
510,990

 
562,004

Total
$
1,122,438

 
$
1,089,909


Market segment disclosures are presented to the gross profit level as this is the primary performance measure for which the segment general managers are responsible. Selling, general and administrative, research and development and other operating expenses are managed and reported at the corporate level and, given allocation to the market segments would be arbitrary, have not been allocated to the market segments. See our Consolidated Statements of Operations for reconciliations from gross profit to income before income taxes. These reconciling items are not included in the measure of profit and loss for each reportable segment.