v2.4.0.8
Segment Information
 6 Months Ended
Dec. 31, 2013
Segment Information  
Segment Information

10. 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-user businesses, while 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, 2013.

 

The following tables present the operations and identifiable assets by industry segment (in thousands):

 

 

 

Three Months Ended
December 31,

 

Six Months Ended
December 31,

 

 

 

2012

 

2013

 

2012

 

2013

 

Revenues — by Segment:

 

 

 

 

 

 

 

 

 

Security division

 

$

91,863

 

$

106,588

 

$

174,779

 

$

203,741

 

Healthcare division

 

56,114

 

63,106

 

107,695

 

108,893

 

Optoelectronics and Manufacturing division, including intersegment revenues

 

57,277

 

76,358

 

114,424

 

147,669

 

Intersegment revenues elimination

 

(11,205

)

(9,644

)

(21,155

)

(17,621

)

Total

 

$

194,049

 

$

236,408

 

$

375,743

 

$

442,682

 

 

 

 

Three Months Ended
December 31,

 

Six Months Ended
December 31,

 

 

 

2012

 

2013

 

2012

 

2013

 

Operating income (loss) — by Segment:

 

 

 

 

 

 

 

 

 

Security division

 

$

8,607

 

$

15,149

 

$

13,072

 

$

26,771

 

Healthcare division

 

6,915

 

9,226

 

10,796

 

7,228

 

Optoelectronics and Manufacturing division

 

5,457

 

2,121

 

10,290

 

6,886

 

Corporate

 

(2,438

)

(4,355

)

(5,687

)

(8,400

)

Eliminations (1)

 

137

 

(112

)

321

 

17

 

Total

 

$

18,678

 

$

22,029

 

$

28,792

 

$

32,502

 

 

 

 

June 30,
2013

 

December 31,
2013

 

Assets — by Segment:

 

 

 

 

 

Security division

 

$

499,539

 

$

496,534

 

Healthcare division

 

190,963

 

180,317

 

Optoelectronics and Manufacturing division

 

158,584

 

179,285

 

Corporate

 

75,496

 

83,903

 

Eliminations (1)

 

(4,786

)

(4,769

)

Total

 

$

919,796

 

$

935,270

 

 

 

(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 profits in inventory as of the balance sheet date. Such intercompany profit will be realized when inventory is shipped to the external customers of the Security and Healthcare divisions.