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Note 11 - Segment Information | 12 Months Ended
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Jun. 30, 2018
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 11. Segment Information: The Company has three reportable segments based on the nature of its products; they are Biotechnology, Protein Platforms and Diagnostics. The Company's Biotechnology segment is comprised of the legacy biotechnology business and ACD. These businesses manufacture consumables used for conducting laboratory experiments by both industry and academic scientists within the biotechnology and biomedical life science fields Our protein, antibodies, immunoassays, and small molecules products in the legacy biotechnology business are tools to help our customers analyze the protein component of cells, and the ACD technology allows our customers to analyze the genetic changes within cells. When used together, our customers have a more complete set of tools to study normal and abnormal cell behavior. No customer in the Biotechnology segment accounted for more than 10% of the segment’s net sales for the years ended June 30, 2018, 2017, and 2016. The Company's Protein Platforms segment develops and commercializes proprietary systems and consumables for protein analysis. No customer in the Protein Platforms segment accounted for more than 10% of the segment’s net sales for the years ended June 30, 2018, 2017, and 2016. The Company's Diagnostics reporting segment develops and manufactures a range of controls and calibrators used with diagnostic equipment and as proficiency testing tools, as well as other reagents incorporated into diagnostic kits. One customer accounted for approximately 12% for the fiscal year ended June 30, 2017. No customer in the Diagnostics segment accounted for more than 10% of the segment’s net sales for the fiscal years ended June 30, 2018 and 2016. There are no concentrations of business transacted with a particular customer or supplier or concentrations of revenue from a particular product or geographic area that would severely impact the Company in the near term. Following is financial information relating to the operating segments (in thousands):
|  | Year Ended June 30, |
|  | 201 8 |  |  | 201 7 |  |  | 201 6 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Biotechnology |  | $ | 421,536 |  |  | $ | 364,504 |  |  | $ | 317,340 |
Protein Platforms |  |  | 111,885 |  |  |  | 91,464 |  |  |  | 77,324 |
Diagnostics |  |  | 110,108 |  |  |  | 107,139 |  |  |  | 104,484 |
Intersegment |  |  | (536 | ) |  |  | (104 | ) |  |  | (125 | )
Consolidated net sales |  | $ | 642,993 |  |  | $ | 563,003 |  |  | $ | 499,023 |
Operating Income: |  |  |  |  |  |  |  |  |  |  |  |
Biotechnology |  | $ | 199,100 |  |  | $ | 175,163 |  |  | $ | 168,613 |
Protein Platforms |  |  | 17,996 |  |  |  | 9,648 |  |  |  | 3,592 |
Diagnostics |  |  | 28,280 |  |  |  | 28,575 |  |  |  | 30,412 |
Segment operating income |  |  | 245,376 |  |  |  | 213,386 |  |  |  | 202,617 |
Costs recognized upon sale of acquired inventory |  |  | (2,455 | ) |  |  | (3,037 | ) |  |  | (5,431 | )
Amortization of intangibles |  |  | (46,983 | ) |  |  | (44,393 | ) |  |  | (29,395 | )
Acquisition related expenses |  |  | (24,429 | ) |  |  | (25,789 | ) |  |  | (2,761 | )
Restructuring costs |  |  | (376 | ) |  |  | - |  |  |  | - |
Stock-based compensation |  |  | (28,240 | ) |  |  | (14,631 | ) |  |  | (9,430 | )
Corporate general, selling and administrative expenses |  |  | (6,715 | ) |  |  | (4,952 | ) |  |  | (5,007 | )
Consolidated operating income |  | $ | 136,178 |  |  | $ | 120,584 |  |  | $ | 150,593 |
The Company has some integrated facilities that serve multiple segments. As such, asset and capital expenditure information by reportable segment has not been provided and is not available, since the Company does not produce or utilize such information internally. In addition, although depreciation and amortization expense is a component of each reportable segment’s operating results, it is not discretely identifiable. The revenues from external customers within each of our segments represent a similar group of products. Following is financial information relating to geographic areas (in thousands):
|  | Year Ended June 30, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 346,293 |  |  | $ | 313,195 |  |  | $ | 275,859 |
EMEA, excluding U.K. |  |  | 148,599 |  |  |  | 125,126 |  |  |  | 103,060 |
U.K. |  |  | 33,704 |  |  |  | 28,401 |  |  |  | 28,307 |
APAC, excluding Greater China |  |  | 48,392 |  |  |  | 41,463 |  |  |  | 38,137 |
Greater China |  |  | 47,950 |  |  |  | 39,078 |  |  |  | 36,199 |
Rest of world |  |  | 18,055 |  |  |  | 15,740 |  |  |  | 17,461 |
Total external sales |  | $ | 642,993 |  |  | $ | 563,003 |  |  | $ | 499,023 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
United States and Canada |  | $ | 129,360 |  |  | $ | 119,859 |  |  | $ | 116,830 |
Europe |  |  | 14,597 |  |  |  | 14,100 |  |  |  | 14,423 |
China |  |  | 1,391 |  |  |  | 1,165 |  |  |  | 1,109 |
Total long-lived assets |  | $ | 145,348 |  |  | $ | 135,124 |  |  | $ | 132,362 |
External sales are attributed to countries based on the location of the customer or distributor.
|  |  | Year ended June 30, |
Long-lived assets: |  |  | 2018 |  |  |  | 2017 |
United States and Canada |  | $ | 129,360 |  |  | $ | 119,859 |
Europe |  |  | 14,597 |  |  |  | 14,100 |
China |  |  | 1,391 |  |  |  | 1,165 |
Total long-lived assets |  | $ | 145,348 |  |  | $ | 135,124 |
Intangible assets: |  |  |  |  |  |  |  |
United States and Canada |  | $ | 417,430 |  |  | $ | 424,579 |
Europe |  |  | 21,386 |  |  |  | 18,710 |
China |  |  | 7,516 |  |  |  | 8,753 |
Total intangible assets |  | $ | 446,332 |  |  | $ | 452,042 |
Long-lived assets are comprised of land, buildings and improvements and equipment, net of accumulated depreciation and other assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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