SEGMENT AND GEOGRAPHIC INFORMATION Sample Clauses
SEGMENT AND GEOGRAPHIC INFORMATION. The Company classifies its operations into three business segments: Electro- mechanical, Precision Instruments, and Industrial Materials. The Electro- mechanical Group produces motor blower systems and injection-molded components for manufacturers of floor care appliances and produces fractional horsepower motors and motor blowers for computer, business machine, medical equipment, and high-efficiency heating equipment producers. Sales of fractional horsepower electric motors and blowers represented 44.4% in 1995, 43.9% in 1994, and 40.0% in 1993 of the Company's consolidated net sales. The Precision Instruments Group produces aircraft cockpit instruments and displays, in addition to pressure, temperature, flow, and liquid level sensors for aircraft and jet engine manufacturers and for airlines, as well as airborne electronics systems that monitor and record flight and engine data. The Group also produces instruments and complete instrument panels for heavy truck builders and heavy construction vehicles; process monitoring and display systems; combustion, gas analysis; moisture and emissions monitoring systems; force and speed measuring instruments; air and noise monitors; pressure and temperature calibrators; and pressure-indicating and digital manometers. The Industrial Materials Group produces high-temperature-resistant materials and textiles; corrosion-resistant heat exchangers; tanks and piping for process systems; drinking water filter and treatment systems; industrial and commercial filters for other liquids; replacement filter cartridges; liquid bag filters and multiple cartridge filter housings; high-purity metals and alloys in powder; strip and wire form for high-performance aircraft; automotive and electronics requirements; and thermoplastic compounds and concentrates for automotive, appliance, and telecommunication applications. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED) Business Segment Financial Information (IN THOUSANDS) ---------------------------- 1995 1994 1993 -------- -------- NET SALES(/1/) Electro-mechanical........................ $372,038 $340,358 $280,732 Precision Instruments..................... 301,440 280,638 275,351 Industrial Materials...................... 164,012 153,742 145,707 -------- -------- OPERATING INCOME (LOSS) AND INCOME (LOSS) BEFORE INCOME TAXES: Operating income (loss): Electro-mechanical........................ $ 48,858 $ 46,203 $ 35,018 Precision Instruments..................... 34,803 29,189 (30,...
SEGMENT AND GEOGRAPHIC INFORMATION. The Company adopted SFAS No. 131, "Disclosures about Segments of an Enterprise and Related Information," in fiscal 1999. SFAS No. 131 established standards for reporting information about operating segments in annual financial statements and requires selected information about operating segments in interim financial reports issued to stockholders. It also established standards for disclosures about products and services, and geographic areas. 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. The Company's chief operating decision maker is the Chief Executive Officer of the Company. The Company is organized geographically and by line of business. The Company has two major line of business operating segments: license and service and other. The Company also evaluates certain subsets of business segments by vertical industries as well as by product categories. While the Executive Management Committee evaluates results in a number of different ways, the line of business management structure is the primary basis for which it assesses financial performance and allocates resources. The license line of business is engaged in the development and licensing of software. The software can be classified into three broad categories: process design software, process operation software and process management software. The service and other line of business offers implementation, advanced process control, real-time optimization and other consulting services in order to provide its customers with complete solutions. The accounting policies of the line of business operating segments are the same as those described in the summary of significant accounting policies. The Company does not track assets or capital expenditures by operating segments. Consequently, it is not practical to show assets, capital expenditures, depreciation or amortization by operating segments. 70 The following table presents a summary of operating segments (in thousands): LICENSE SERVICE AND OTHER TOTAL Year ended June 30, 1997 -- Revenues from unaffiliated customers............. $103,179 $ 90,891 $194,070 Operating margin(1).............................. $ 67,679 $ 33,266 $100,945 ======== ======== ======== Year ended June 30, 1998 -- Revenues from unaffiliated customers............
SEGMENT AND GEOGRAPHIC INFORMATION. The Company operates in one industry segment comprising the design, development, manufacture and marketing of high performance programmable logic devices. The Company's sales by major geographic area were as follows: --------------------------------------- (IN THOUSANDS) APRIL 3, 1999 MARCH 28, ▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇▇▇▇ ----------------------------------------------------------- ▇▇▇▇▇▇ ▇▇▇▇▇▇ $100,778 $120,278 $104,249 Export sales: Europe 53,649 61,243 39,863 Asia 34,680 55,853 52,624 Other 10,965 8,520 7,353 -------- -------- -------- 99,294 125,616 99,840 -------- -------- -------- $200,072 $245,894 $204,089 ----------------------------------------------------------- More than 90% of the Company's property and equipment is located in the United States. Other long-lived assets located outside the United States consist primarily of the foundry investments and advances described in note 4 of notes to consolidated financial statements. No individual customer accounted for more than 10% of revenue in fiscal 1999, 1998 or 1997. No export sales to customers or distributors of any individual country accounted for more than 10% of revenue in fiscal 1999, 1998 or 1997.