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Segment Reporting
6 Months Ended
Jun. 30, 2012
Segment Reporting

NOTE P – SEGMENT REPORTING

The Company has three reportable segments based upon geographic regions: Americas, Europe/Africa and Asia Pacific. The Company does not allocate corporate expenses to Europe/Africa or Asia Pacific regions. These corporate expenses are included in the Americas region. The Company does not incur Research and Development expenses in its Asia Pacific region.

The Company develops, manufactures, markets, supports and sells Computer-Aided Design (“CAD”)-based quality assurance products integrated with CAD-based inspection and statistical process control software in each of these regions. These activities represent approximately 99% of consolidated sales. The Company evaluates performance and allocates resources based upon profitable growth and assets deployed.

The following table presents information about the Company’s reportable segments:

 

     Three Months Ended      Six Months Ended  
     June 30, 2012     July 2, 2011      June 30, 2012      July 2, 2011  

Americas Region

          

Net sales to external customers

   $ 25,714      $ 21,911       $ 50,773       $ 41,238   

Operating (loss) income

     (489     137         49         604   

Long-lived assets

     22,379        22,723         22,379         22,723   

Capital expenditures

     332        849         894         1,734   

Total assets

     171,081        148,395         171,081         148,395   

Europe/Africa Region

          

Net sales to external customers

   $ 23,200      $ 23,932       $ 46,246       $ 42,954   

Operating income

     1,613        1,215         3,917         907   

Long-lived assets

     16,146        18,820         16,146         18,820   

Capital expenditures

     580        739         762         1,009   

Total assets

     94,777        93,660         94,777         93,660   

Asia Pacific Region

          

Net sales to external customers

   $ 17,848      $ 13,868       $ 34,972       $ 28,085   

Operating income

     5,747        4,402         11,338         8,527   

Long-lived assets

     2,623        2,038         2,623         2,038   

Capital expenditures

     791        116         1,045         403   

Total assets

     59,537        47,577         59,537         47,577   

Totals

          

Net sales to external customers

   $ 66,762      $ 59,711       $ 131,991       $ 112,277   

Operating income

     6,871        5,754         15,304         10,038   

Long-lived assets

     41,148        43,581         41,148         43,581   

Capital expenditures

     1,703        1,704         2,701         3,146   

Total assets

     325,395        289,632         325,395         289,632   

The geographical sales information presented above represents sales to customers located in each respective region, whereas the long-lived assets information represents assets held in the respective regions. There were no customers that individually accounted for 10% or more of total revenue in each of the periods presented above.