Segment and Geographic Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment and Geographic 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.

We are organized based on a group structure, which we categorize as the Industry Group and the Science Group

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

	Year Ended December 31,
	2015		2014		2013
Sales to External Customers:
Industry Group	$	446,301	$	450,198	$	427,731
Science Group	483,831		506,082		499,723
Total	$	930,132	$	956,280	$	927,454
Gross Profit:
Industry Group	$	233,058	$	229,959	$	222,675
Science Group	221,533		218,196		216,110
Total	$	454,591	$	448,155	$	438,785

	December 31, 2015		December 31, 2014
Goodwill:
Industry Group	$	60,360	$	76,858
Science Group	85,247		93,915
Total	$	145,607	$	170,773
Total Assets:
Industry Group	$	516,397	$	444,168
Science Group	488,096		470,899
Corporate and Eliminations	345,356		502,751
Total	$	1,349,849	$	1,417,818

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, because these costs are not directly tied to any individual market segment, they have not been allocated to the market segments. See the 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 2015, 2014, and 2013 our top 10 customers accounted for approximately 25.3%, 27.0% and 25.0% of our total annual net revenue, respectively. One customer accounted for just over 10% of total annual net revenue during 2013 and no customers accounted for 10% or more of total annual net revenue in 2015 and 2014.

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 December 31,
	2015						2014						2013
	Product Sales		Service Sales		Total		Product Sales		Service Sales		Total		Product Sales		Service Sales		Total
U.S. and Canada	$	192,440	$	105,255	$	297,695	$	207,623	$	97,966	$	305,589	$	167,876	$	92,759	$	260,635
Europe	182,720		64,196		246,916		200,995		66,799		267,794		205,857		64,803		270,660
Asia-Pacific Region and Rest of World	310,491		75,030		385,521		314,048		68,849		382,897		335,705		60,454		396,159
Consolidated net sales	$	685,651	$	244,481	$	930,132	$	722,666	$	233,614	$	956,280	$	709,438	$	218,016	$	927,454

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

	December 31, 2015		December 31, 2014
United States	$	72,548	$	76,553
The Netherlands	52,456		59,722
The Czech Republic	36,149		36,534
Other	39,167		58,073
Total	$	200,320	$	230,882