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Segment Information
3 Months Ended
Apr. 03, 2016
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 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):
 
Thirteen Weeks Ended
 
April 3,
2016
 
March 29,
2015
Sales to External Customers:
 
 
 
Industry Group
$
121,951

 
$
111,900

Science Group
106,693

 
108,916

Total
$
228,644

 
$
220,816

Gross Profit:
 
 
 
Industry Group
$
60,259

 
$
56,610

Science Group
47,013

 
48,661

Total
$
107,272

 
$
105,271


 
April 3,
2016
 
December 31,
2015
Goodwill:
 
 
 
Industry Group
$
170,146

 
$
60,360

Science Group
88,094

 
85,247

Total
$
258,240

 
$
145,607

Total Assets:
 
 
 
Industry Group
$
653,157

 
$
516,397

Science Group
394,507

 
488,096

Corporate and Eliminations
388,205

 
345,356

Total
$
1,435,869

 
$
1,349,849


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 the thirteen week periods ended April 3, 2016 and March 29, 2015, our top 10 customers accounted for approximately 36% and 35% of our total annual net revenue, respectively. No single customer accounted for more than 10% of net revenues during the thirteen week periods ended April 3, 2016 and March 29, 2015.