FARO (FARO) 10-Q 29 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 27, 2015	Jul. 23, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 27, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	FARO
Entity Registrant Name	FARO TECHNOLOGIES INC
Entity Central Index Key	917,491
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		17,393,758

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 27, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 90,576	$ 109,289
Short-term investments	64,993	64,995
Accounts receivable, net	70,002	83,959
Inventories, net	68,901	59,334
Deferred income taxes, net	5,510	5,936
Prepaid expenses and other current assets	18,818	17,021
Total current assets	318,800	340,534
Property and equipment:
Machinery and equipment	45,997	45,254
Furniture and fixtures	5,946	6,156
Leasehold improvements	19,537	19,676
Property and equipment at cost	71,480	71,086
Less: accumulated depreciation and amortization	(40,241)	(41,741)
Property and equipment, net	31,239	29,345
Goodwill	26,885	19,205
Intangible assets, net	16,399	9,109
Service inventory	22,014	20,646
Deferred income taxes, net	6,489	6,624
Total assets	421,826	425,463
Current liabilities:
Accounts payable	9,302	15,437
Accrued liabilities	19,226	26,127
Income taxes payable	403
Current portion of unearned service revenues	23,882	23,572
Customer deposits	1,431	2,046
Total current liabilities	54,244	67,182
Unearned service revenues - less current portion	13,570	13,799
Deferred income tax liability	2,043
Other long-term liabilities	2,961	628
Total liabilities	$ 72,818	$ 81,609
Commitments and contingencies - See Note 16
Shareholders' equity:
Common stock - par value $.001, 50,000,000 shares authorized; 18,073,588 and 17,997,665 issued; 17,393,353 and 17,317,430 outstanding, respectively	$ 18	$ 18
Additional paid-in capital	205,019	200,090
Retained earnings	164,328	159,516
Accumulated other comprehensive loss	(11,282)	(6,695)
Common stock in treasury, at cost - 680,235 shares	(9,075)	(9,075)
Total shareholders' equity	349,008	343,854
Total liabilities and shareholders' equity	$ 421,826	$ 425,463

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 27, 2015	Dec. 31, 2014
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	18,073,588	17,997,665
Common stock, shares outstanding	17,393,353	17,317,430
Treasury stock, shares	680,235	680,235

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
SALES
Product	$ 69,437	$ 67,382	$ 124,481	$ 127,204
Service	14,338	14,678	29,233	28,230
Total sales	83,775	82,060	153,714	155,434
COST OF SALES
Product	29,532	26,392	51,709	51,545
Service	9,697	10,151	17,848	18,289
Total cost of sales (exclusive of depreciation and amortization, shown separately below)	39,229	36,543	69,557	69,834
GROSS PROFIT	44,546	45,517	84,157	85,600
OPERATING EXPENSES:
Selling and marketing	20,063	19,715	39,168	37,148
General and administrative	9,066	8,867	18,867	17,280
Depreciation and amortization	2,739	1,868	5,232	3,715
Research and development	7,254	6,658	13,610	12,088
Total operating expenses	39,122	37,108	76,877	70,231
INCOME FROM OPERATIONS	5,424	8,409	7,280	15,369
OTHER (INCOME) EXPENSE
Interest income, net	(24)	(21)	(43)	(38)
Other expense (income), net	83	(149)	1,390	11
INCOME BEFORE INCOME TAX EXPENSE	5,365	8,579	5,933	15,396
INCOME TAX EXPENSE	1,217	2,251	1,121	4,092
NET INCOME	$ 4,148	$ 6,328	$ 4,812	$ 11,304
NET INCOME PER SHARE - BASIC	$ 0.24	$ 0.37	$ 0.28	$ 0.66
NET INCOME PER SHARE - DILUTED	$ 0.24	$ 0.36	$ 0.27	$ 0.65
Weighted average shares - Basic	17,384,382	17,233,012	17,360,749	17,220,146
Weighted average shares - Diluted	17,502,219	17,338,388	17,500,619	17,364,436

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Net income	$ 4,148	$ 6,328	$ 4,812	$ 11,304
Currency translation adjustments, net of tax	2,191	99	(4,587)	18
Comprehensive income	$ 6,339	$ 6,427	$ 225	$ 11,322

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
OPERATING ACTIVITIES:
Net income	$ 4,812	$ 11,304
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	5,232	3,715
Compensation for stock options and restricted stock units	2,468	2,444
Provision for bad debts	410	66
Loss on disposal of assets	644
Write-down of inventories	1,505	2,380
Deferred income tax expense (benefit)	561	(1,249)
Income tax benefit from exercise of stock options	(286)	(59)
Decrease (increase) in:
Accounts receivable	11,820	297
Inventories	(15,097)	(9,025)
Prepaid expenses and other current assets	(1,948)	(341)
(Decrease) increase in:
Accounts payable and accrued liabilities	(12,636)	(714)
Income taxes payable	722	(1,644)
Customer deposits	(589)	(395)
Unearned service revenues	782	2,727
Net cash (used in) provided by operating activities	(1,600)	9,506
INVESTING ACTIVITIES:
Purchases of property and equipment	(6,073)	(4,555)
Payments for intangible assets	(1,185)	(927)
Purchase of businesses acquired, net of cash	(12,011)
Net cash used in investing activities	(19,269)	(5,482)
FINANCING ACTIVITIES:
Payments on capital leases	(5)	(4)
Income tax benefit from exercise of stock options	286	59
Proceeds from issuance of stock, net	2,175	1,655
Net cash provided by financing activities	2,456	1,710
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(300)	(529)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(18,713)	5,205
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	109,289	124,630
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 90,576	$ 129,835

Description of Business

Description of Business	6 Months Ended
	Jun. 27, 2015
Description of Business	NOTE 1 – DESCRIPTION OF BUSINESS FARO Technologies, Inc. and its subsidiaries (collectively “FARO,” the “Company,” “us,” “we” or “our”) designs, develops, manufactures, markets and supports software driven, three-dimensional (3-D) measurement, imaging and realization systems. We sell the majority of our products through a direct sales force across a broad number of customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications. Our FaroArm®, FARO Laser ScanArm®, FARO Gage, FARO Laser Tracker™, FARO 3D Imager AMP, and their companion CAM2® software provide for Computer-Aided Design, or CAD, based inspection and/or factory-level statistical process control and high-density surveying. Together, these products integrate the measurement, quality inspection, and reverse engineering functions with CAD software to improve productivity, enhance product quality and decrease rework and scrap in the manufacturing process. Our FARO Focus 3D 3D

Principles of Consolidation

Principles of Consolidation	6 Months Ended
	Jun. 27, 2015
Principles of Consolidation	NOTE 2 – PRINCIPLES OF CONSOLIDATION Our condensed consolidated financial statements include the accounts of FARO Technologies, Inc. and its subsidiaries, all of which are wholly owned. All intercompany transactions and balances have been eliminated. The financial statements of our foreign subsidiaries are translated into U.S. dollars using exchange rates in effect at period-end for assets and liabilities and average exchange rates during each reporting period for results of operations. Adjustments resulting from financial statement translations are reflected as a separate component of accumulated other comprehensive income. Foreign currency transaction gains and losses are included in income.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 27, 2015
Basis of Presentation	NOTE 3 – BASIS OF PRESENTATION The condensed consolidated financial statements and notes thereto are unaudited. These statements include all normal recurring accruals and adjustments considered necessary by management for their fair presentation in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. The condensed consolidated results of operations for the three months and six months ended June 27, 2015 are not necessarily indicative of results that may be expected for the year ending December 31, 2015 or any future interim period. The information included in this Quarterly Report on Form 10-Q, including the interim condensed consolidated financial statements and the accompanying notes, should be read in conjunction with the audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014. The accompanying December 31, 2014 consolidated balance sheet has been derived from those audited consolidated financial statements.

Reclassifications

Reclassifications	6 Months Ended
	Jun. 27, 2015
Reclassifications	NOTE 4 – RECLASSIFICATIONS Certain prior year amounts have been reclassified in the accompanying condensed consolidated financial statements to conform to the current period presentation.

Impact of Recently Issued Accou

Impact of Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 27, 2015
Impact of Recently Issued Accounting Pronouncements	NOTE 5 – IMPACT OF RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued an amendment to its accounting guidance related to revenue recognition. The amendment was the result of a joint project between the FASB and the International Accounting Standards Board (“IASB”) to clarify the principles for recognizing revenue and to develop common revenue standards for U.S. GAAP and International Financial Reporting Standards. To meet those objectives, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers: Topic 606

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 27, 2015
Stock-Based Compensation	NOTE 6 – STOCK-BASED COMPENSATION Stock-based compensation expense reflects the fair value of stock-based awards measured at the grant date and is recognized over the requisite service period. Annually, we grant restricted stock to our non-employee directors. These director awards are granted the day following our Annual Meeting of Shareholders during the second quarter of each fiscal year and vest the day before our Annual Meeting of Shareholders in the following year. The fair value of these awards is determined by using the current market price of our common stock on the grant date. Annually, upon approval by our Compensation Committee, we grant stock options and restricted stock units to certain employees. We also grant stock options to certain new employees throughout the year. These awards are non-performance-based subject only to time-based vesting, and vest in three equal annual installments beginning one year after the grant date. The fair value of these stock-based awards is determined by using (a) the current market price of our common stock on the grant date in the case of restricted stock units or (b) the Black-Scholes option valuation model in the case of stock options. In the first quarter of 2015, we granted performance-based stock options and restricted stock units to certain executives. If the applicable performance goals or strategic objectives are achieved, these awards will vest in three equal annual installments beginning one year after the grant date. The fair value of each of these stock-based awards is determined by using (a) the current market price of our common stock on the grant date in the case of restricted stock units or (b) the Black-Scholes option valuation model in the case of stock options. The related stock-based compensation expense is recognized over the requisite service period, taking into account the probability that we will satisfy the performance goals or strategic objectives. There were no performance-based stock options or restricted stock units granted in the second quarter of 2015. In the first quarter of 2015, we also granted performance-based stock options and restricted stock units that include a three-year market condition. The fair value of these awards is determined by using the Monte Carlo Simulation valuation model. We expense these market condition awards over the three-year vesting period regardless of the value that the award recipients ultimately receive. There were no performance-based stock options or restricted stock units granted in the second quarter of 2015. The Black-Scholes and Monte Carlo Simulation valuation models incorporate assumptions as to stock price volatility, the expected life of options or awards, a risk-free interest rate and dividend yield. The weighted average fair value of the stock options and restricted stock units that were granted during the first six months of 2015 and valued based on the Monte Carlo Simulation valuation model was $19.97 and $44.45, respectively. The assumptions used to estimate the fair value of the performance-based stock options and restricted stock units granted during the first six months of 2015 under the Monte Carlo Simulation model are as follows: Six Months Ended June 27, 2015 June 28, 2014 Risk-free interest rate 0.95% - 1.48 % — Expected dividend yield 0 % — Expected option life 4 years — Expected volatility 44.5 % — Weighted-average expected volatility 44.5 % — For stock options granted during the six months ended June 27, 2015 and June 28, 2014 valued using the Black-Scholes option-pricing model, we used the following assumptions: Six Months Ended June 27, 2015 June 28, 2014 Risk-free interest rate 0.80% - 1.09 % 1.18% - 1.32 % Expected dividend yield 0 % 0 % Expected option life 3 years 4 years Expected volatility 42.3% - 48.5 % 42.5% - 44.1 % Weighted-average expected volatility 43.2 % 42.5 % Historical information was the primary basis for the selection of the expected dividend yield, expected volatility and the expected lives of the options. The risk-free interest rate was based on the yields of U.S. zero coupon issues and U.S. Treasury issues, with a term equal to the expected life of the option being valued. The weighted-average grant-date fair value of the stock options granted during the six months ended June 27, 2015 and June 28, 2014 and valued using the Black-Scholes option pricing model was $16.72 and $19.68 per option, respectively. A summary of stock option activity and weighted-average exercise prices for the six months ended June 27, 2015 follows: Options Weighted- Weighted-Average Aggregate Intrinsic Outstanding at January 1, 2015 898,429 $ 44.40 Granted 437,053 59.60 Forfeited (64,883 ) 57.08 Exercised (62,786 ) 33.44 Outstanding at June 27, 2015 1,207,813 $ 50.04 4.6 $ 5,262 Options exercisable at June 27, 2015 580,998 $ 42.49 3.3 $ 4,919 The total intrinsic value of stock options exercised during the three months ended June 27, 2015 and June 28, 2014 was $0.0 million in each period. For the six months ended June 27, 2015 and June 28, 2014, the total intrinsic value of stock options exercised in the respective period was $1.6 million and $0.9 million. The fair value of stock options vested during both the three months ended June 27, 2015 and June 28, 2014 was $0.0 million. The fair value of stock options vested during the six months ended June 27, 2015 and June 28, 2014 was $3.8 million and $3.6 million, respectively. The following table summarizes the restricted stock and restricted stock unit activity and weighted average grant-date fair values for the six months ended June 27, 2015: Shares Weighted-Average Non-vested at January 1, 2015 13,955 $ 43.57 Granted 16,892 46.98 Forfeited (1,397 ) 59.97 Vested (13,343 ) 42.99 Non-vested at June 27, 2015 16,107 $ 45.85 We recorded total stock-based compensation expense of $1,270 and $1,198 for the three months ended June 27, 2015 and June 28, 2014, respectively, and $2,468 and $2,444 for the six months ended June 27, 2015 and June 28, 2014, respectively. As of June 27, 2015, there was $9.3 million of total unrecognized stock-based compensation expense related to non-vested stock-based compensation arrangements. The expense is expected to be recognized over a weighted average period of 2.0 years.

Cash and Cash Equivalents

Cash and Cash Equivalents	6 Months Ended
	Jun. 27, 2015
Cash and Cash Equivalents	NOTE 7 – CASH AND CASH EQUIVALENTS We consider cash on hand and all short-term, highly liquid investments that have maturities of three months or less at the time of purchase to be cash and cash equivalents.

Short Term Investments

Short Term Investments	6 Months Ended
	Jun. 27, 2015
Short Term Investments	NOTE 8 – SHORT TERM INVESTMENTS Short-term investments at June 27, 2015 included U.S. Treasury Bills totaling $65.0 million that mature through December 10, 2015. Short-term investments at December 31, 2014 included U.S. Treasury Bills totaling $65.0 million that matured through June 11, 2015. The weighted-average interest rate on the U.S. Treasury bills is less than one percent. The investments are classified as held-to-maturity and recorded at cost. The fair value of the U.S. Treasury Bills at June 27, 2015 and December 31, 2014 approximated cost.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 27, 2015
Accounts Receivable	NOTE 9 – ACCOUNTS RECEIVABLE Accounts receivable consist of the following: As of As of Accounts receivable $ 71,513 $ 85,803 Allowance for doubtful accounts (1,511 ) (1,844 ) Total $ 70,002 $ 83,959

Inventories

Inventories	6 Months Ended
	Jun. 27, 2015
Inventories	NOTE 10 – INVENTORIES Inventories are stated at the lower of cost or net realizable value using the first-in first-out method. Shipping and handling costs are classified as a component of cost of sales in the consolidated statements of operations. Sales demonstration inventory is comprised of measuring, imaging and realization devices utilized by sales representatives to present our products to customers. Management expects these products to remain in sales demonstration inventory for approximately 12 months and are subsequently sold at prices that produce reduced gross margins. Service inventory is comprised of inventory that is not expected to be sold within 12 months, such as training and loaned equipment. Inventories consist of the following: As of As of Raw materials $ 29,339 $ 27,058 Finished goods 17,835 13,075 Sales demonstration inventory 21,727 19,201 Inventory, net $ 68,901 $ 59,334 Service inventory $ 22,014 $ 20,646

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 27, 2015
Earnings Per Share	NOTE 11 – EARNINGS PER SHARE Basic earnings per share is computed by dividing net income by the weighted average number of shares outstanding. Diluted earnings per share is computed by also considering the impact of potential common stock on both net income and the weighted average number of shares outstanding. Our potential common stock consists of employee and director stock options, restricted stock, restricted stock units and performance-based awards. Our potential common stock is excluded from the basic earnings per share calculation and is included in the diluted earnings per share calculation when doing so would not be anti-dilutive. In the first quarter of 2015, we granted performance-based stock options and restricted stock units. These performance-based awards are included in the computation of diluted earnings per share only to the extent that the underlying performance conditions (and any applicable market condition) (i) are satisfied as of the end of the reporting period or (ii) would be considered satisfied if the end of the reporting period were the end of the related contingency period and the result would be dilutive under the treasury stock method. For the three and six months ended June 27, 2015 there were approximately 797,983 and 785,884, respectively, additional shares issuable upon exercise of anti-dilutive options and contingent vesting of performance-based awards, which were excluded from the dilutive calculations. The effect of 409,827 and 407,827 additional shares were not included in the dilutive calculations for the three and six months ended June 28, 2014, respectively. A reconciliation of the number of common shares used in the calculation of basic and diluted earnings per share (EPS) is presented below: Three Months Ended June 27, 2015 June 28, 2014 Per-Share Per-Share Shares Amount Shares Amount Basic EPS 17,384,382 $ 0.24 17,233,012 $ 0.37 Effect of dilutive securities 117,837 — 105,376 (0.01 ) Diluted EPS 17,502,219 $ 0.24 17,338,388 $ 0.36 Six Months Ended June 27, 2015 June 28, 2014 Per-Share Per-Share Shares Amount Shares Amount Basic EPS 17,360,749 $ 0.28 17,220,146 $ 0.66 Effect of dilutive securities 139,870 (0.01 ) 144,290 (0.01 ) Diluted EPS 17,500,619 $ 0.27 17,364,436 $ 0.65

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 27, 2015
Accrued Liabilities	NOTE 12 – ACCRUED LIABILITIES Accrued liabilities consist of the following: As of As of Accrued compensation and benefits $ 10,461 $ 17,544 Accrued warranties 2,250 2,719 Professional and legal fees 1,348 1,475 Other accrued liabilities 5,167 4,389 $ 19,226 $ 26,127 Activity related to accrued warranties was as follows: Six Months Ended June 27, 2015 June 28, 2014 Balance, beginning of period $ 2,719 $ 2,364 Provision for warranty expense 1,680 1,875 Fulfillment of warranty obligations (2,149 ) (1,489 ) Balance, end of period $ 2,250 $ 2,750

Income Taxes

Income Taxes	6 Months Ended
	Jun. 27, 2015
Income Taxes	NOTE 13 – INCOME TAXES Income tax expense decreased by $1.1 million to $1.2 million for the three months ended June 27, 2015 from $2.3 million for the three months ended June 28, 2014. This decrease was primarily due to a decrease in pretax income during the second quarter of 2015. Our effective tax rate decreased to 22.7% for the three months ended June 27, 2015 from 26.2% in the prior year period. The decline in our effective tax rate was primarily due to a geographical mix shift in pretax income. Income tax expense decreased by $3.0 million to $1.1 million for the six months ended June 27, 2015 from $4.1 million for the six months ended June 28, 2014. The Company’s effective tax rate decreased by 7.7 percentage points to 18.9% for the six months ended June 27, 2015 from 26.6% for the same prior year period. The decline was driven by a discrete tax benefit of $0.2 million recorded in the first quarter of 2015 related to the tax benefit of the exercise of certain employee stock options. Our effective tax rate continued to be lower than the statutory tax rate in the United States, primarily as a result of favorable tax rates in foreign jurisdictions. However, our effective tax rate could be impacted positively or negatively by geographic changes in the manufacturing or sales of our products and the resulting effect on taxable income in each jurisdiction.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 27, 2015
Fair Value of Financial Instruments	NOTE 14 – FAIR VALUE OF FINANCIAL INSTRUMENTS Our financial instruments include cash and cash equivalents, short-term investments, accounts receivable, customer deposits, accounts payable and accrued liabilities. The carrying amounts of such financial instruments approximate their fair value due to the short-term nature of these instruments.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 27, 2015
Segment Reporting	NOTE 15 – SEGMENT REPORTING We have three reportable segments based upon geographic regions: Americas, Europe/Africa and Asia-Pacific. We include costs related to Corporate in the Americas region. We do not incur research and development expenses in the Asia-Pacific region. We develop, manufacture, market, support and sell CAD-based quality assurance products integrated with CAD-based inspection and statistical process control software, and three-dimensional documentation systems in each of these regions. These activities represent more than 99% of consolidated sales. We evaluate performance and allocate resources based upon profitable growth and assets deployed. The following table presents information about our reportable segments: Three Months Ended Six Months Ended June 27, 2015 June 28, 2014 June 27, 2015 June 28, 2014 Americas Region Net sales to external customers $ 38,960 $ 32,917 $ 69,358 $ 62,511 Depreciation and amortization 1,617 1,010 3,139 2,015 Operating income (loss) 1,117 1,452 (1,057 ) 1,374 Long-lived assets 49,356 25,670 49,356 25,670 Capital expenditures 2,400 1,998 4,035 3,127 Total assets 220,756 209,928 220,756 209,928 Europe/Africa Region Net sales to external customers $ 26,501 $ 28,931 $ 48,710 $ 52,767 Depreciation and amortization 794 527 1,405 1,038 Operating income (loss) (400 ) 2,051 (367 ) 4,165 Long-lived assets 22,451 17,352 22,451 17,352 Capital expenditures 1,076 415 1,672 1,113 Total assets 124,476 122,381 124,476 122,381 Asia-Pacific Region Net sales to external customers $ 18,314 $ 20,212 $ 35,646 $ 40,156 Depreciation and amortization 328 331 688 662 Operating income 4,707 4,906 8,704 9,830 Long-lived assets 2,716 2,569 2,716 2,569 Capital expenditures 161 244 366 315 Total assets 76,594 74,576 76,594 74,576 Totals Net sales to external customers $ 83,775 $ 82,060 $ 153,714 $ 155,434 Depreciation and amortization 2,739 1,868 5,232 3,715 Operating income 5,424 8,409 7,280 15,369 Long-lived assets 74,523 45,591 74,523 45,591 Capital expenditures 3,637 2,657 6,073 4,555 Total assets 421,826 406,885 421,826 406,885 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 any of the periods presented above.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 27, 2015
Commitments and Contingencies	NOTE 16 – COMMITMENTS AND CONTINGENCIES Leases Purchase Commitments Legal Proceedings

Line of Credit

Line of Credit	6 Months Ended
	Jun. 27, 2015
Line of Credit	NOTE 17 – LINE OF CREDIT On July 11, 2006, we entered into a loan agreement providing for an available line of credit of $30.0 million, which was most recently amended on March 15, 2012. Loans under the Amended and Restated Loan Agreement, as amended, bear interest at the rate of LIBOR plus a fixed percentage between 1.50% and 2.00% and required us to maintain a minimum cash balance of $25 million and tangible net worth measured at the end of each of our fiscal quarters. The term of the Amended and Restated Loan Agreement, as amended, expired on March 31, 2015. We did not extend the loan agreement.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 27, 2015
Business Combinations	NOTE 18 – BUSINESS COMBINATIONS In February 2015, we completed the acquisition of ARAS 360 Technologies Inc. (“ARAS”) for a purchase price of $7.7 million, paid with cash on hand, subject to certain additional post-closing adjustments, and up to an additional $4.0 million in contingent consideration that may be earned over a two-year period. ARAS, a privately held business headquartered in Canada, produces a full suite of accident and crime reconstruction software tools that offer advanced graphics, analytical tools, and the ability to work with large point cloud data. The acquisition is expected to complement our portfolio within the law enforcement market. In March 2015, we completed the acquisition of kubit GmbH for a purchase price of $4.5 million, paid with cash on hand, subject to certain additional post-closing adjustments, and up to an additional $3.3 million in contingent consideration that may be earned over a three-year period. The acquisition also included substantially all of the assets of kubit GmbH’s U.S. distributor kubit USA, Inc. (collectively “kubit”). Kubit, a privately held business with operating facilities in Germany and the United States, develops software for surveying and as-built documentation. The acquisition is expected to complement our portfolio of software products, specifically in the AEC market. The acquisition of each of ARAS and kubit constitutes a business combination as defined by the FASB Accounting Standards Codification (“ASC”) Topic 805, Business Combinations Following is a summary of our preliminary allocation of the purchase price to the fair values of the assets acquired and liabilities assumed as of the date of each acquisition: ARAS kubit Tangible assets acquired: Accounts receivable $ 269 $ 250 Other assets 9 246 Total assets acquired 278 496 Liabilities assumed: Accounts payable and accrued liabilities 41 315 Other liabilities 210 353 Total liabilities assumed 251 668 Intangible assets Trade name 509 658 Non-competition agreement 540 272 Technology 2,052 945 Customer relationship 2,250 715 Total intangible assets 5,351 2,590 Net assets acquired $ 5,378 $ 2,418 Deferred tax liability 1,385 669 Purchase price, net of cash acquired 7,640 4,371 Contingent consideration 1,348 987 Goodwill $ 4,995 $ 3,609 The goodwill arising from the acquisitions consists largely of the expected synergies from combining operations as well as the value of the workforce. Intangible assets acquired with ARAS and kubit will be amortized over a weighted-average life of about 8 years. The intangible assets and goodwill of ARAS were assigned to the Americas reporting unit and the kubit intangible assets and goodwill were mainly assigned to the Europe/Africa reporting unit. The goodwill value is not expected to be tax deductible. We estimated the fair value of the contingent consideration using a Monte Carlo analysis, which is based on significant inputs, primarily forecasted future results of the acquired businesses, not observable in the market and thus represents a Level 3 measure as defined in ASC 820, Fair Value Measurements and Disclosures Acquisition and integration costs are not included as components of consideration transferred, but are recorded as expense in the period in which such costs are incurred. To date, we have incurred approximately $0.2 million in acquisition and integration costs for each of the ARAS and kubit acquisitions. We have not furnished pro forma financial information related to our acquisitions of ARAS and kubit because such information is not material individually or in the aggregate to our overall financial results.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 27, 2015
Assumptions Used to Estimate The Fair Value of The Performance-based Stock Options and Restricted Stock Units	The assumptions used to estimate the fair value of the performance-based stock options and restricted stock units granted during the first six months of 2015 under the Monte Carlo Simulation model are as follows: Six Months Ended June 27, 2015 June 28, 2014 Risk-free interest rate 0.95% - 1.48 % — Expected dividend yield 0 % — Expected option life 4 years — Expected volatility 44.5 % — Weighted-average expected volatility 44.5 % —
Fair Value of Options Granted	For stock options granted during the six months ended June 27, 2015 and June 28, 2014 valued using the Black-Scholes option-pricing model, we used the following assumptions: Six Months Ended June 27, 2015 June 28, 2014 Risk-free interest rate 0.80% - 1.09 % 1.18% - 1.32 % Expected dividend yield 0 % 0 % Expected option life 3 years 4 years Expected volatility 42.3% - 48.5 % 42.5% - 44.1 % Weighted-average expected volatility 43.2 % 42.5 %
Summary of Stock Option Activity	A summary of stock option activity and weighted-average exercise prices for the six months ended June 27, 2015 follows: Options Weighted- Weighted-Average Aggregate Intrinsic Outstanding at January 1, 2015 898,429 $ 44.40 Granted 437,053 59.60 Forfeited (64,883 ) 57.08 Exercised (62,786 ) 33.44 Outstanding at June 27, 2015 1,207,813 $ 50.04 4.6 $ 5,262 Options exercisable at June 27, 2015 580,998 $ 42.49 3.3 $ 4,919
Summary of Restricted Stock Activity	The following table summarizes the restricted stock and restricted stock unit activity and weighted average grant-date fair values for the six months ended June 27, 2015: Shares Weighted-Average Non-vested at January 1, 2015 13,955 $ 43.57 Granted 16,892 46.98 Forfeited (1,397 ) 59.97 Vested (13,343 ) 42.99 Non-vested at June 27, 2015 16,107 $ 45.85

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 27, 2015
Accounts Receivable	Accounts receivable consist of the following: As of As of Accounts receivable $ 71,513 $ 85,803 Allowance for doubtful accounts (1,511 ) (1,844 ) Total $ 70,002 $ 83,959

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 27, 2015
Inventories	Inventories consist of the following: As of As of Raw materials $ 29,339 $ 27,058 Finished goods 17,835 13,075 Sales demonstration inventory 21,727 19,201 Inventory, net $ 68,901 $ 59,334 Service inventory $ 22,014 $ 20,646

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 27, 2015
Reconciliation of Number of Common Shares Used in Calculation of Basic and Diluted Earnings Per Share (EPS)	A reconciliation of the number of common shares used in the calculation of basic and diluted earnings per share (EPS) is presented below: Three Months Ended June 27, 2015 June 28, 2014 Per-Share Per-Share Shares Amount Shares Amount Basic EPS 17,384,382 $ 0.24 17,233,012 $ 0.37 Effect of dilutive securities 117,837 — 105,376 (0.01 ) Diluted EPS 17,502,219 $ 0.24 17,338,388 $ 0.36 Six Months Ended June 27, 2015 June 28, 2014 Per-Share Per-Share Shares Amount Shares Amount Basic EPS 17,360,749 $ 0.28 17,220,146 $ 0.66 Effect of dilutive securities 139,870 (0.01 ) 144,290 (0.01 ) Diluted EPS 17,500,619 $ 0.27 17,364,436 $ 0.65

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 27, 2015
Accrued Liabilities	Accrued liabilities consist of the following: As of As of Accrued compensation and benefits $ 10,461 $ 17,544 Accrued warranties 2,250 2,719 Professional and legal fees 1,348 1,475 Other accrued liabilities 5,167 4,389 $ 19,226 $ 26,127
Activity Related to Accrued Warranties	Activity related to accrued warranties was as follows: Six Months Ended June 27, 2015 June 28, 2014 Balance, beginning of period $ 2,719 $ 2,364 Provision for warranty expense 1,680 1,875 Fulfillment of warranty obligations (2,149 ) (1,489 ) Balance, end of period $ 2,250 $ 2,750

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 27, 2015
Segment Reporting Information	The following table presents information about our reportable segments: Three Months Ended Six Months Ended June 27, 2015 June 28, 2014 June 27, 2015 June 28, 2014 Americas Region Net sales to external customers $ 38,960 $ 32,917 $ 69,358 $ 62,511 Depreciation and amortization 1,617 1,010 3,139 2,015 Operating income (loss) 1,117 1,452 (1,057 ) 1,374 Long-lived assets 49,356 25,670 49,356 25,670 Capital expenditures 2,400 1,998 4,035 3,127 Total assets 220,756 209,928 220,756 209,928 Europe/Africa Region Net sales to external customers $ 26,501 $ 28,931 $ 48,710 $ 52,767 Depreciation and amortization 794 527 1,405 1,038 Operating income (loss) (400 ) 2,051 (367 ) 4,165 Long-lived assets 22,451 17,352 22,451 17,352 Capital expenditures 1,076 415 1,672 1,113 Total assets 124,476 122,381 124,476 122,381 Asia-Pacific Region Net sales to external customers $ 18,314 $ 20,212 $ 35,646 $ 40,156 Depreciation and amortization 328 331 688 662 Operating income 4,707 4,906 8,704 9,830 Long-lived assets 2,716 2,569 2,716 2,569 Capital expenditures 161 244 366 315 Total assets 76,594 74,576 76,594 74,576 Totals Net sales to external customers $ 83,775 $ 82,060 $ 153,714 $ 155,434 Depreciation and amortization 2,739 1,868 5,232 3,715 Operating income 5,424 8,409 7,280 15,369 Long-lived assets 74,523 45,591 74,523 45,591 Capital expenditures 3,637 2,657 6,073 4,555 Total assets 421,826 406,885 421,826 406,885

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 27, 2015
Preliminary Allocation of Purchase Price to Fair Values of Assets Acquired and Liabilities Assumed	Following is a summary of our preliminary allocation of the purchase price to the fair values of the assets acquired and liabilities assumed as of the date of each acquisition: ARAS kubit Tangible assets acquired: Accounts receivable $ 269 $ 250 Other assets 9 246 Total assets acquired 278 496 Liabilities assumed: Accounts payable and accrued liabilities 41 315 Other liabilities 210 353 Total liabilities assumed 251 668 Intangible assets Trade name 509 658 Non-competition agreement 540 272 Technology 2,052 945 Customer relationship 2,250 715 Total intangible assets 5,351 2,590 Net assets acquired $ 5,378 $ 2,418 Deferred tax liability 1,385 669 Purchase price, net of cash acquired 7,640 4,371 Contingent consideration 1,348 987 Goodwill $ 4,995 $ 3,609

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2015USD ($)shares	Jun. 28, 2014USD ($)	Jun. 27, 2015USD ($)Installment$ / sharesshares	Jun. 28, 2014USD ($)$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based awards, number of equal annual installments | Installment			3
Number of shares granted | shares			16,892
Vesting period, years			3 years
Weighted-average grant-date fair value of restricted stock unit granted			$ 46.98
Total intrinsic value of stock options exercised | $	$ 0	$ 0	$ 1,600	$ 900
Fair value of stock options vested | $	0	0	3,800	3,600
Stock-based compensation expense | $	1,270	$ 1,198	2,468	$ 2,444
Unrecognized stock-based compensation expense | $	$ 9,300		$ 9,300
Weighted average, expected recognition period			2 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted | shares	0
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted | shares	0
Black Scholes Option Pricing Model
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value of stock options granted			$ 16.72	$ 19.68
Monte Carlo Simulation Valuation Model
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value of stock options granted			19.97
Weighted-average grant-date fair value of restricted stock unit granted			$ 44.45

Assumptions Used to Estimate Th

Assumptions Used to Estimate The Fair Value of The Performance-based Stock Options and Restricted Stock Units (Detail) - Performance-Based Stock Options and Restricted Stock Units	6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Fair Value, Option, Quantitative Disclosures [Line Items]
Risk-free interest rate	0.00%	0.00%
Risk-free interest rate, minimum	0.95%
Risk-free interest rate, maximum	1.48%
Expected dividend yield	0.00%
Expected option life	4 years
Expected volatility	44.50%
Weighted-average expected volatility	44.50%

Fair Value of Option Granted (D

Fair Value of Option Granted (Detail) - Equity Option	6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Fair Value, Option, Quantitative Disclosures [Line Items]
Risk-free interest rate, minimum	0.80%	1.18%
Risk-free interest rate, maximum	1.09%	1.32%
Expected dividend yield	0.00%	0.00%
Expected option life	3 years	4 years
Expected volatility, minimum	42.30%	42.50%
Expected volatility, maximum	48.50%	44.10%
Weighted-average expected volatility	43.20%	42.50%

Summary of Stock Option Activit

Summary of Stock Option Activity (Detail) - Jun. 27, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total
Options Outstanding
Outstanding, beginning balance	898,429
Granted	437,053
Forfeited	(64,883)
Exercised	(62,786)
Outstanding, ending balance	1,207,813
Options exercisable at end of period	580,998
Weighted-Average Exercise Price
Outstanding, beginning balance	$ 44.40
Granted	59.60
Forfeited	57.08
Exercised	33.44
Outstanding, ending balance	50.04
Options exercisable at end of period	$ 42.49
Weighted-Average Remaining Contractual Term
Outstanding at end of period	4 years 7 months 6 days
Options exercisable at end of period	3 years 3 months 18 days
Aggregate Intrinsic Value
Outstanding at end of period	$ 5,262
Options exercisable at end of period	$ 4,919

Summary of Restricted Stock Act

Summary of Restricted Stock Activity (Detail) - Jun. 27, 2015 - $ / shares	Total
Shares
Non-vested at beginning of period	13,955
Granted	16,892
Forfeited	(1,397)
Vested	(13,343)
Non-vested at end of period	16,107
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period	$ 43.57
Granted	46.98
Forfeited	59.97
Vested	42.99
Non-vested at end of period	$ 45.85

Cash and Cash Equivalents - Add

Cash and Cash Equivalents - Additional Information (Detail)	6 Months Ended
	Jun. 27, 2015
Maximum
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents maturity period	3 months

Short Term Investments - Additi

Short Term Investments - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 27, 2015	Dec. 31, 2014
Securities Purchased Under Agreements to Resell and Other Short Term Investment Securities [Line Items]
Short-term investments	$ 64,993	$ 64,995
Weighted average interest rate on U.S. Treasury bills, maximum	1.00%	1.00%
US Treasury Bill Securities
Securities Purchased Under Agreements to Resell and Other Short Term Investment Securities [Line Items]
Short-term investments	$ 65,000	$ 65,000

Accounts Receivable (Detail)

Accounts Receivable (Detail) - USD ($) $ in Thousands	Jun. 27, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 71,513	$ 85,803
Allowance for doubtful accounts	(1,511)	(1,844)
Total	$ 70,002	$ 83,959

Inventories - Additional Inform

Inventories - Additional Information (Detail)	6 Months Ended
	Jun. 27, 2015
Inventory [Line Items]
Shelf life demonstration inventory, months	12 months

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Jun. 27, 2015	Dec. 31, 2014
Inventory [Line Items]
Raw materials	$ 29,339	$ 27,058
Finished goods	17,835	13,075
Sales demonstration inventory	21,727	19,201
Inventory, net	68,901	59,334
Service inventory	$ 22,014	$ 20,646

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from calculation of diluted EPS, as they were antidilutive	797,983	409,827	785,884	407,827

Reconciliation of Number of Com

Reconciliation of Number of Common Shares Used in Calculation of Basic and Diluted Earnings Per Share (EPS) (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Earnings Per Share [Line Items]
Weighted average shares - Basic	17,384,382	17,233,012	17,360,749	17,220,146
Effect of dilutive securities, shares	117,837	105,376	139,870	144,290
Diluted EPS, shares	17,502,219	17,338,388	17,500,619	17,364,436
Basic EPS	$ 0.24	$ 0.37	$ 0.28	$ 0.66
Effect of dilutive securities		(0.01)	(0.01)	(0.01)
Diluted EPS	$ 0.24	$ 0.36	$ 0.27	$ 0.65

Accrued Liabilities (Detail)

Accrued Liabilities (Detail) - USD ($) $ in Thousands	Jun. 27, 2015	Dec. 31, 2014	Jun. 28, 2014	Dec. 31, 2013
Schedule of Accrued Liabilities [Line Items]
Accrued compensation and benefits	$ 10,461	$ 17,544
Accrued warranties	2,250	2,719	$ 2,750	$ 2,364
Professional and legal fees	1,348	1,475
Other accrued liabilities	5,167	4,389
Accrued liabilities	$ 19,226	$ 26,127

Activity Related to Accrued War

Activity Related to Accrued Warranties (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014
Product Warranty Liability [Line Items]
Beginning Balance	$ 2,719	$ 2,364
Provision for warranty expense	1,680	1,875
Fulfillment of warranty obligations	(2,149)	(1,489)
Ending Balance	$ 2,250	$ 2,750

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014
Income Taxes [Line Items]
INCOME TAX EXPENSE	$ 1,217	$ 2,251	$ 1,121	$ 4,092
Income tax expense increase (decrease)	(1,100)		$ (3,000)
Discrete tax benefit due to the reversal of a valuation allowance	$ 200
Effective tax rate	22.70%	26.20%	18.90%	26.60%
Increase (decrease) in income tax rate related to tax benefit of exercise of employee stock option			(7.70%)

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) - 6 months ended Jun. 27, 2015	SegmentCustomer
Segment Reporting Disclosure [Line Items]
Number of reportable segments	3
Customers that individually accounted for 10% or more of total revenue | Customer	0
Minimum
Segment Reporting Disclosure [Line Items]
Percentage of product sales to consolidated sales	99.00%

Segment Reporting Information (

Segment Reporting Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2015	Jun. 28, 2014	Jun. 27, 2015	Jun. 28, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net sales to external customers	$ 83,775	$ 82,060	$ 153,714	$ 155,434
Depreciation and amortization	2,739	1,868	5,232	3,715
Operating income (loss)	5,424	8,409	7,280	15,369
Long-lived assets	74,523	45,591	74,523	45,591
Capital expenditures	3,637	2,657	6,073	4,555
Total assets	421,826	406,885	421,826	406,885	$ 425,463
Americas Region
Segment Reporting Information [Line Items]
Net sales to external customers	38,960	32,917	69,358	62,511
Depreciation and amortization	1,617	1,010	3,139	2,015
Operating income (loss)	1,117	1,452	(1,057)	1,374
Long-lived assets	49,356	25,670	49,356	25,670
Capital expenditures	2,400	1,998	4,035	3,127
Total assets	220,756	209,928	220,756	209,928
Europe/Africa Region
Segment Reporting Information [Line Items]
Net sales to external customers	26,501	28,931	48,710	52,767
Depreciation and amortization	794	527	1,405	1,038
Operating income (loss)	(400)	2,051	(367)	4,165
Long-lived assets	22,451	17,352	22,451	17,352
Capital expenditures	1,076	415	1,672	1,113
Total assets	124,476	122,381	124,476	122,381
Asia-Pacific Region
Segment Reporting Information [Line Items]
Net sales to external customers	18,314	20,212	35,646	40,156
Depreciation and amortization	328	331	688	662
Operating income (loss)	4,707	4,906	8,704	9,830
Long-lived assets	2,716	2,569	2,716	2,569
Capital expenditures	161	244	366	315
Total assets	$ 76,594	$ 74,576	$ 76,594	$ 74,576

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - Jun. 27, 2015 - USD ($) $ in Millions	Total
Commitments and Contingencies [Line Items]
Lease future expiration date, year	2,024
Total remaining operating lease obligations	$ 6.7
Minimum
Commitments and Contingencies [Line Items]
Length of purchase commitments, in days	60 days
Maximum
Commitments and Contingencies [Line Items]
Length of purchase commitments, in days	90 days

Line of Credit - Additional Inf

Line of Credit - Additional Information (Detail) - Jun. 27, 2015 - USD ($)	Total
Line of Credit Facility [Line Items]
Available line of credit	$ 30,000,000
Line of credit, variable rate basis	LIBOR plus a fixed percentage between 1.50% and 2.00%
Minimum cash balance required to maintain under the credit agreement	$ 25,000,000
Line of credit, expiration date	Mar. 31, 2015
LIBOR | Minimum
Line of Credit Facility [Line Items]
Line of credit basis spread on variable rate	1.50%
LIBOR | Maximum
Line of Credit Facility [Line Items]
Line of credit basis spread on variable rate	2.00%

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended
	Mar. 28, 2015	Feb. 28, 2015	Jun. 27, 2015
Business Acquisition [Line Items]
Business acquisition, cash			$ 12,011
Maximum measurement period after the acquisition date			1 year
Intangible assets acquired, weighted-average amortization period			8 years
Business acquisition, acquisition and integration costs			$ 200
ARAS
Business Acquisition [Line Items]
Business acquisition, cash		$ 7,700
Business acquisition, contingent consideration		$ 4,000
Earn out period for contingent consideration		2 years
Kubit GmbH
Business Acquisition [Line Items]
Business acquisition, cash	$ 4,500
Business acquisition, contingent consideration	$ 3,300
Earn out period for contingent consideration	3 years

Preliminary Allocation of Purch

Preliminary Allocation of Purchase Price to Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2015	Dec. 31, 2014
Intangible assets
Goodwill	$ 26,885	$ 19,205
ARAS
Tangible assets acquired:
Accounts receivable	269
Other assets	9
Total assets acquired	278
Liabilities assumed:
Accounts payable and accrued liabilities	41
Other liabilities	210
Total liabilities assumed	251
Intangible assets
Intangible assets	5,351
Net assets acquired	5,378
Deferred tax liability	1,385
Purchase price, net of cash acquired	7,640
Contingent consideration	1,348
Goodwill	4,995
ARAS | Trade Names
Intangible assets
Intangible assets	509
ARAS | Noncompete Agreements
Intangible assets
Intangible assets	540
ARAS | Technology-Based Intangible Assets
Intangible assets
Intangible assets	2,052
ARAS | Customer Relationships
Intangible assets
Intangible assets	2,250
Kubit GmbH
Tangible assets acquired:
Accounts receivable	250
Other assets	246
Total assets acquired	496
Liabilities assumed:
Accounts payable and accrued liabilities	315
Other liabilities	353
Total liabilities assumed	668
Intangible assets
Intangible assets	2,590
Net assets acquired	2,418
Deferred tax liability	669
Purchase price, net of cash acquired	4,371
Contingent consideration	987
Goodwill	3,609
Kubit GmbH | Trade Names
Intangible assets
Intangible assets	658
Kubit GmbH | Noncompete Agreements
Intangible assets
Intangible assets	272
Kubit GmbH | Technology-Based Intangible Assets
Intangible assets
Intangible assets	945
Kubit GmbH | Customer Relationships
Intangible assets
Intangible assets	$ 715