SEGMENT INFORMATION

12 Months Ended

Jun. 30, 2016

13. 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, 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 supply components and subsystems to OEM customers, 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.

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

	2014
	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	440,439	$	222,313	$	243,990	$	—		$	—		$	906,742
Revenue between product segments		—		—		40,506		—			(40,506	)		—

Total revenues	$	440,439	$	222,313	$	284,496	$	—			(40,506	)	$	906,742


Income (loss) from operations	$	59,501	$	18,495	$	14,663	$	(11,497	)	$	133		$	81,295


Segments assets	$	535,306	$	190,612	$	169,084	$	120,727		$	(4,652	)	$	1,011,077


Capital expenditures	$	38,066	$	6,718	$	2,801	$	7,013		$	—		$	54,598


Depreciation and amortization	$	40,573	$	7,289	$	4,971	$	1,406		$	—		$	54,239

	2015
	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	481,087	$	255,691	$	221,424	$	—		$	—		$	958,202
Revenue between product segments		—		—		46,448		—			(46,448	)		—

Total revenues	$	481,087	$	255,691	$	267,872	$	—			(46,448	)	$	958,202


Income (loss) from operations	$	67,804	$	24,666	$	17,533	$	(17,455	)	$	(440	)	$	92,108


Segments assets	$	470,808	$	223,412	$	164,922	$	82,789		$	(4,642	)	$	937,289


Capital expenditures	$	7,601	$	2,628	$	3,411	$	1,646		$	—		$	15,286


Depreciation and amortization	$	45,231	$	7,223	$	5,028	$	1,494		$	—		$	58,976

	2016
	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	411,212	$	211,458	$	206,990	$	—		$	—		$	829,660
Revenue between product segments		—		—		40,512		—			(40,512	)		—

Total revenues	$	411,212	$	211,458	$	247,502	$	—			(40,512	)	$	829,660


Income (loss) from operations	$	37,845	$	8,351	$	19,654	$	(27,199	)	$	(277	)	$	38,374


Segments assets	$	519,068	$	200,067	$	211,337	$	64,970		$	(3,719	)	$	991,723


Capital expenditures	$	8,910	$	2,395	$	4,539	$	1,844		$	—		$	17,688


Depreciation and amortization	$	43,257	$	7,401	$	5,842	$	1,422		$	—		$	57,922

The following tables present the revenues and identifiable assets by geographical area (in thousands):

	2014
	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	451,503	$	7,303		$	458,806		$	42,933	$	144,239
Mexico		130,330		—			130,330			191,512		191,512
Other Americas		20,914		—			20,914			7,059		7,059

Total Americas		602,747		7,303			610,050			241,504		342,810
United Kingdom		151,962		—			151,962			24,257		52,110
Other Europe, Middle East and Africa		18,543		—			18,543			5,807		10,317

Total EMEA		170,505		—			170,505			30,064		62,427
Asia-Pacific		133,490		33,203			166,693			15,657		18,210
Eliminations		—		(40,506	)		(40,506	)		N/A		N/A

Total	$	906,742	$	—		$	906,742		$	287,225	$	423,447

	2015
	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	472,990	$	6,583		$	479,573		$	48,203	$	154,338
Mexico		120,582		—			120,582			154,939		154,939
Other Americas		21,035		—			21,035			6,158		6,158

Total Americas		614,607		6,583			621,190			209,300		315,435
United Kingdom		159,127		333			159,460			31,467		58,594
Other Europe, Middle East and Africa		31,238		—			31,238			1,472		14,323

Total EMEA		190,365		333			190,698			32,939		72,917
Asia-Pacific		153,230		39,532			192,762			14,320		16,787
Eliminations		—		(46,448	)		(46,448	)		N/A		N/A

Total	$	958,202	$	—		$	958,202		$	256,559	$	405,139

	2016
	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	404,929	$	5,803		$	410,732		$	40,855	$	167,860
Mexico		119,039		—			119,039			115,954		115,954
Other Americas		15,525		—			15,525			5,193		7,055

Total Americas		539,493		5,803			545,296			162,002		290,869
United Kingdom		130,812		1,128			131,940			25,505		61,037
Other Europe, Middle East and Africa		38,233		—			38,233			11,556		23,898

Total EMEA		169,045		1,128			170,173			37,061		84,935
Asia-Pacific		121,122		33,581			154,703			14,765		17,126
Eliminations		—		(40,512	)		(40,512	)		N/A		N/A

Total	$	829,660	$	—		$	829,660		$	213,828	$	392,930

Pursuant to Accounting Standards Codification 280 "Segment Reporting," external revenues are attributed to individual countries based upon the location of the Company's selling entity.

- 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

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+ Details