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Segment Information
6 Months Ended
Jun. 30, 2013
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.
Beginning with the first quarter of 2013, we reorganized our corporate structure. We currently report our segments based on a group structure organization. Our segments are Industry and Science.
The following tables summarize various financial amounts for each of our business segments (in thousands):
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
 
June 30,
2013
 
July 1,
2012
 
June 30,
2013
 
July 1,
2012
Sales to External Customers:
 
 
 
 
 
 
 
Industry
$
103,702

 
$
117,353

 
$
202,766

 
$
229,039

Science
118,776

 
104,099

 
240,901

 
209,968

Total
$
222,478

 
$
221,452

 
$
443,667

 
$
439,007

Gross Profit:
 
 
 
 
 
 
 
Industry
$
53,788

 
$
59,920

 
$
104,302

 
$
116,508

Science
53,109

 
44,509

 
105,146

 
86,032

Total
$
106,897

 
$
104,429

 
$
209,448

 
$
202,540


 
June 30,
2013
 
December 31,
2012
Goodwill:
 
 
 
Industry
$
51,949

 
$
53,572

Science
77,173

 
77,748

Total
$
129,122

 
$
131,320

Total Assets:
 
 
 
Industry
$
296,056

 
$
293,115

Science
369,298

 
401,795

Corporate and Eliminations
616,463

 
539,313

Total
$
1,281,817

 
$
1,234,223


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.