XML 31 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business Segments and Geographic Information
3 Months Ended
Dec. 29, 2018
Segment Reporting [Abstract]  
Business Segments and Geographic Information
Business Segments and Geographic Information
The Company has five reportable segments: Diagnostics, Breast Health, Medical Aesthetics, GYN Surgical and Skeletal Health. Certain reportable segments represent an aggregation of operating units within each segment. The Company measures and evaluates its reportable segments based on segment revenues and operating income adjusted to exclude the effect of non-cash charges, such as intangible asset amortization expense, intangible asset and goodwill impairment charges, acquisition related fair value adjustments and integration expenses, restructuring, divestiture and facility consolidation charges and other one-time or unusual items.
Identifiable assets for the five principal operating segments consist of inventories, intangible assets, goodwill, and property, plant and equipment. The Company fully allocates depreciation expense to its five reportable segments. The Company has presented all other identifiable assets as corporate assets. There were no inter-segment revenues during the three months ended December 29, 2018 and December 30, 2017. Segment information is as follows:
 
Three Months Ended
 
December 29,
2018
 
December 30,
2017
Total revenues:
 
 
 
Diagnostics
$
296.6

 
$
284.6

Breast Health
324.7

 
288.0

Medical Aesthetics
79.8

 
91.3

GYN Surgical
108.4

 
107.5

Skeletal Health
21.2

 
19.7

 
$
830.7


$
791.1

Income (loss) from operations:
 
 
 
Diagnostics
$
43.3

 
$
36.5

Breast Health
97.8

 
89.7

Medical Aesthetics
(25.2
)
 
(23.0
)
GYN Surgical
27.0

 
30.2

Skeletal Health
(2.4
)
 
0.7

 
$
140.5


$
134.1

Depreciation and amortization:
 
 
 
Diagnostics
$
61.8

 
$
64.7

Breast Health
9.3

 
4.9

Medical Aesthetics
25.5

 
28.5

GYN Surgical
22.0

 
22.9

Skeletal Health
0.2

 
0.2

 
$
118.8


$
121.2

Capital expenditures:
 
 
 
Diagnostics
$
14.4

 
$
11.9

Breast Health
2.1

 
3.5

Medical Aesthetics
1.1

 
1.6

GYN Surgical
3.5

 
2.4

Skeletal Health
0.3

 
0.7

Corporate
1.2

 
1.7

 
$
22.6


$
21.8

 
 
December 29,
2018
 
September 29,
2018
Identifiable assets:
 
 
 
Diagnostics
$
2,405.3

 
$
2,442.9

Breast Health
1,122.5

 
972.4

Medical Aesthetics
895.1

 
913.3

GYN Surgical
1,382.4

 
1,414.9

Skeletal Health
31.6

 
30.3

Corporate
1,094.6

 
1,457.1

 
$
6,931.5

 
$
7,230.9


The Company had no customers that represented greater than 10% of consolidated revenues during the three months ended December 29, 2018 and December 30, 2017.
The Company operates in the following major geographic areas as noted in the below chart. Revenue data is based upon customer location. Other than the United States, no single country accounted for more than 10% of consolidated revenues. The Company’s sales in Europe are predominantly derived from France, Germany and the United Kingdom. The Company’s sales in Asia-Pacific are predominantly derived from China, Australia and Japan. The “Rest of World” designation includes Canada, Latin America and the Middle East.
Revenues by geography as a percentage of total revenues were as follows:
 
 
Three Months Ended
 
December 29,
2018
 
December 30,
2017
United States
74.9
%
 
75.5
%
Europe
12.2
%
 
11.5
%
Asia-Pacific
8.4
%
 
8.7
%
Rest of World
4.5
%
 
4.3
%
 
100.0
%
 
100.0
%