v2.4.0.6
Segment Information
 9 Months Ended
Mar. 31, 2013
Segment Information  
Segment Information

9. Segment Information

 

The Company has determined that it operates in three identifiable industry segments, (a) security and inspection systems (Security division), (b) medical monitoring and anesthesia systems (Healthcare division) and (c) optoelectronic devices and manufacturing (Optoelectronics and Manufacturing division). The Company also has a corporate segment (Corporate) that includes executive compensation and certain other general and administrative expenses; expenses related to stock issuances; and legal and audit and other professional service fees not allocated to product segments. Both the Security and Healthcare divisions comprise primarily end-product businesses whereas the businesses of the Optoelectronics and Manufacturing division primarily supplies components and subsystems to original equipment manufacturers, including to the Security and Healthcare divisions. Sales between divisions are at transfer prices that approximate market values.  All other accounting policies of the segments are the same as described in Note 1, Summary of Significant Accounting Policies of the Form 10-K for the fiscal year ended June 30, 2012.

 

The following table presents segment and enterprise-wide information (in thousands):

 

 

 

Three Months Ended
March 31,

 

Nine Months Ended
March 31,

 

 

 

2012

 

2013

 

2012

 

2013

 

Revenues — by Segment:

 

 

 

 

 

 

 

 

 

Security division

 

$

111,796

 

$

99,840

 

$

273,370

 

$

274,619

 

Healthcare division

 

56,333

 

51,357

 

162,046

 

159,052

 

Optoelectronics and Manufacturing division, including intersegment revenues

 

49,975

 

54,761

 

154,425

 

169,185

 

Intersegment revenues elimination

 

(9,665

)

(7,549

)

(32,092

)

(28,704

)

Total

 

$

208,439

 

$

198,409

 

$

557,749

 

$

574,152

 

 

 

 

Three Months Ended
March 31,

 

Nine Months Ended
March 31,

 

 

 

2012

 

2013

 

2012

 

2013

 

Operating income (loss) — by Segment:

 

 

 

 

 

 

 

 

 

Security division

 

$

10,557

 

$

16,179

 

$

22,043

 

$

29,251

 

Healthcare division

 

6,254

 

3,593

 

16,977

 

14,389

 

Optoelectronics and Manufacturing division

 

3,558

 

3,271

 

12,947

 

13,561

 

Corporate

 

(2,552

)

(4,017

)

(8,458

)

(9,704

)

Eliminations (1)

 

388

 

388

 

245

 

709

 

Total

 

$

18,205

 

$

19,414

 

$

44,114

 

$

48,206

 

 

 

 

June 30,
2012

 

March 31,
2013

 

Assets — by Segment:

 

 

 

 

 

Security division

 

$

351,668

 

$

483,766

 

Healthcare division

 

162,583

 

163,826

 

Optoelectronics and Manufacturing division

 

132,281

 

152,882

 

Corporate

 

109,405

 

60,460

 

Eliminations (1)

 

(6,041

)

(5,332

)

Total

 

$

749,896

 

$

855,602

 

 

 

(1)        Eliminations within operating income primarily reflect the change in the elimination of intercompany profit in inventory not-yet-realized. Eliminations in assets reflect the amount of intercompany profit in inventory as of the balance sheet date. Such intercompany profit is to be realized upon shipment of inventory to the external customers of the Security and Healthcare divisions.