Segment and Geographic Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Information

SEGMENT AND GEOGRAPHIC 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 the Industry Group and the Science Group.

The following tables summarize various financial amounts for each of our business segments (in thousands):

	Year Ended
	2013		2012		2011
Sales to External Customers:
Industry Group	$	427,731	$	433,424	$	376,533
Science Group	499,723		458,314		449,893
Total	$	927,454	$	891,738	$	826,426
Gross Profit:
Industry Group	$	222,675	$	220,267	$	185,156
Science Group	216,110		195,363		182,210
Total	$	438,785	$	415,630	$	367,366

	December 31, 2013		December 31, 2012
Goodwill:
Industry Group	$	51,532	$	53,572
Science Group	84,620		77,748
Total	$	136,152	$	131,320
Total Assets:
Industry Group	$	297,987	$	293,115
Science Group	365,571		401,795
Corporate and Eliminations	762,526		539,313
Total	$	1,426,084	$	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.

In 2013 one customer in our Industry segment represented approximately $96.0 million, or 10.4%, in total sales. None of our customers represented 10% or more of our total sales during 2012 or 2011.

Geographical Information

A significant portion of our net sales has been derived from customers outside of the U.S., which we expect to continue. We evaluate geographical performance for three regions: U.S. and Canada, Europe and the Asia-Pacific Region and Rest of World. Our European region also includes Central America, South America, Africa (excluding South Africa), the Middle East and Russia.

The following table summarizes sales by geographic region (in thousands):

	Year Ended
	2013						2012						2011
	Product Sales		Service Sales		Total		Product Sales		Service Sales		Total		Product Sales		Service Sales		Total
U.S. and Canada	$	167,876	$	92,759	$	260,635	$	200,778	$	90,942	$	291,720	$	179,126	$	78,118	$	257,244
Europe	205,857		64,803		270,660		185,598		59,124		244,722		206,994		54,319		261,313
Asia-Pacific Region and Rest of World	335,705		60,454		396,159		305,120		50,176		355,296		268,479		39,390		307,869
Consolidated net sales	$	709,438	$	218,016	$	927,454	$	691,496	$	200,242	$	891,738	$	654,599	$	171,827	$	826,426

Our long-lived assets were geographically located as follows (in thousands):

	December 31, 2013		December 31, 2012
United States	$	77,639	$	74,319
The Netherlands	65,570		32,679
The Czech Republic	22,950		12,019
Other	42,272		46,258
Total	$	208,431	$	165,275