17) Business Segment, Geographic Area and Product Information The Company is a global provider of instruments, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes to improve process performance and productivity for its customers. The Companys products are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, residual gas analysis, leak detection, control technology, ozone generation and delivery, power, reactive gas generation, vacuum technology, lasers, photonics, sub-micron positioning, vibration control, optics and laser-based manufacturing solutions. The Company also provides services relating to the maintenance and repair of its products, installation services and training. The Companys primary served markets include semiconductor, industrial technologies, life and health sciences, and research and defense. The Companys Chief Operating Decision Maker (CODM) utilizes financial information to make decisions about allocating resources and assessing performance for the entire Company, which is used in the decision making process to assess performance. Effective February 1, 2019, in conjunction with its acquisition of ESI, the Company created a third reportable segment known as the Equipment &amp; Solutions segment in addition to its two then-existing reportable segments: the Vacuum &amp; Analysis segment and the Light &amp; Motion segment. The Vacuum &amp; Analysis segment provides a broad range of instruments, components and subsystems which are derived from the Companys core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, residual gas analysis, leak detection, control technology, ozone generation and delivery, RF &amp; DC power, reactive gas generation and vacuum technology. The Light &amp; Motion segment provides a broad range of instruments, components and subsystems which are derived from the Companys core competencies in lasers, photonics, sub-micron positioning, vibration control, and optics. The Equipment &amp; Solutions segment provides laser-based manufacturing solutions for the micro-machining industry that enable customers to optimize production. The segments market is composed primarily of flexible and rigid PCB processing/fabrication, semiconductor wafer processing and passive component manufacturing &amp; test. Equipment &amp; Solutions incorporate specialized laser technology and proprietary control software to efficiently process the materials and components that are an integral part of electronic devices and systems. The Company derives its segment results directly from the manner in which results are reported in its management reporting system. The accounting policies that the Company uses to derive reportable segment results are substantially the same as those used for external reporting purposes. The Company does not disclose external or intersegment revenues separately by reportable segment as this information is not presented to the CODM for decision making purposes . The following table sets forth net revenues by reportable segment: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 201 8 Vacuum &amp; Analysis $ 240,681 $ 286,038 $ 710,691 $ 1,002,710 Light &amp; Motion 172,460 201,114 549,027 611,857 Equipment &amp; Solutions 49,310  140,404  $ 462,451 $ 487,152 $ 1,400,122 $ 1,614,567 The following table sets forth a reconciliation of segment gross profit to consolidated net income : Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Gross profit by reportable segment: Vacuum &amp; Analysis $ 102,826 $ 132,835 $ 303,060 $ 462,418 Light &amp; Motion 79,873 99,025 257,562 307,174 Equipment &amp; Solutions 22,305  53,527  Total gross profit by reportable segment 205,004 231,860 614,149 769,592 Operating expenses: Research and development 41,566 31,898 122,354 103,259 Selling, general and administrative 82,101 70,822 247,792 229,952 Fees and expenses related to term loan 642  6,489 378 Acquisition and integration costs 2,103 36 35,510 (1,132 ) Restructuring and other 1,525 1,364 4,690 4,374 Amortization of intangible assets 17,020 10,695 50,299 32,786 Gain on sale of long-lived assets (6,773 )  (6,773 )  Income from operations 66,820 117,045 153,788 399,975 Interest and other expense, net 11,398 2,529 31,167 10,173 Income before income taxes 55,422 114,516 122,621 389,802 Provision for income taxes 7,994 21,239 24,999 68,542 Net income $ 47,428 $ 93,277 $ 97,622 $ 321,260 The following table sets forth capital expenditures by reportable segment for the three and nine months ended September 30, 2019 and 2018: Vacuum &amp; Analysis Light &amp; Motion Equipment &amp; Solutions Total Three Months Ended September 30, 2019: Capital expenditures $ 7,461 $ 6,767 $ 2,271 $ 16,499 Nine Months Ended September 30, 2019: Capital expenditures $ 21,649 $ 16,859 $ 6,245 $ 44,753 Three Months Ended September 30, 2018: Capital expenditures $ 9,532 $ 5,535 $  $ 15,067 Nine Months Ended September 30, 2018: Capital expenditures $ 22,701 $ 14,184 $  $ 36,885 The following table sets forth depreciation and amortization by reportable segment for the three and nine months ended September 30, 2019 and 2018: Vacuum &amp; Analysis Light &amp; Motion Equipment &amp; Solutions Total Three Months Ended September 30, 2019: Depreciation and amortization $ 4,222 $ 12,992 $ 9,994 $ 27,208 Nine Months Ended September 30, 2019 Depreciation and amortization $ 12,208 $ 40,424 $ 27,231 $ 79,863 Three Months Ended September 30, 2018: Depreciation and amortization $ 5,083 $ 14,446 $  $ 19,529 Nine Months Ended September 30, 2018: Depreciation and amortization $ 15,180 $ 44,726 $  $ 59,906 Total income tax expense is not presented by reportable segment because the necessary information is not available or used by the CODM. The following table sets forth segment assets by reportable segment: September 30, 2019: Vacuum &amp; Analysis Light &amp; Motion Equipment &amp; Solutions Corporate, Eliminations &amp; Other Total Segment assets: Trade accounts receivable $ 156,066 $ 159,061 $ 40,289 $ (27,433 ) $ 327,983 Inventories 221,182 168,597 73,449 35 463,263 Total segment assets $ 377,248 $ 327,658 $ 113,738 $ (27,398 ) $ 791,246 December 31, 2018: Vacuum &amp; Analysis Light &amp; Motion Equipment &amp; Solutions Corporate, Eliminations &amp; Other Total Segment assets: Trade accounts receivable $ 171,604 $ 140,658 $  $ (16,808 ) $ 295,454 Inventories 222,965 161,658  66 384,689 Total segment assets $ 394,569 $ 302,316 $  $ (16,742 ) $ 680,143 The following is a reconciliation of segment assets to consolidated total assets: September 30, 2019 December 31, 2018 Total segment assets $ 791,246 $ 680,143 Cash and cash equivalents and investments 485,274 728,461 Other current assets 94,011 65,790 Property, plant and equipment, net 236,124 194,367 Right-of-use asset 67,632  Goodwill and intangible assets, net 1,634,971 906,803 Other assets 45,286 38,682 Consolidated total assets $ 3,354,544 $ 2,614,246 Geographic Information about the Companys operations in different geographic regions is presented in the tables below. Net revenues to unaffiliated customers are based on the location in which the sale originated. Transfers between geographic areas are at tax transfer prices and have been eliminated from consolidated net revenues. Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net revenues: United States $ 211,116 $ 243,273 $ 653,012 $ 801,811 China 46,679 35,554 140,469 98,631 Korea 41,313 43,468 116,011 164,462 Japan 32,388 38,964 105,485 151,325 Other Asia 77,360 69,782 213,325 215,282 Europe 53,595 56,111 171,820 183,056 $ 462,451 $ 487,152 $ 1,400,122 $ 1,614,567 Long-lived assets: (1) September 30, 2019 December 31, 2018 United States $ 171,324 $ 146,687 Europe 30,514 26,794 Asia 60,072 50,572 $ 261,910 $ 224,053 (1) Long-lived assets include property, plant and equipment, net and certain other long-term assets, excluding long-term tax related accounts. Goodwill associated with each of the Companys reportable segments is as follows???????: September 30, 2019 December 31, 2018 Reportable segment: Vacuum &amp; Analysis $ 195,431 $ 197,126 Light &amp; Motion 386,848 389,870 Equipment &amp; Solutions 471,812  Total goodwill $ 1,054,091 $ 586,996 Worldwide Product Information The Company groups its product offerings into three groups based upon the similarity of product function as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Advanced Manufacturing Components $ 353,639 $ 426,255 $ 1,084,107 $ 1,432,931 Global Service 76,278 60,897 215,260 181,636 Advanced Manufacturing Systems 32,534  100,755  $ 462,451 $ 487,152 $ 1,400,122 $ 1,614,567 Advanced manufacturing components are comprised of product revenues from the Companys Vacuum &amp; Analysis and Light &amp; Motion segments. Global service is comprised of total service revenues for all three of the Companys reportable segments. Advanced manufacturing systems is comprised of product revenues for the Companys Equipment &amp; Solutions segment.