XML 30 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information
 3 Months Ended
Sep. 30, 2016
Segment Information  
Segment Information

 

11. 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 of the Form 10-K for the fiscal year ended June 30, 2016.

 

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

 

 

 

Three Months Ended September 30,

 

 

 

2015

 

2016

 

Revenues (1) — by Segment:

 

 

 

 

 

Security division

 

$
96,410

 

$
123,709

 

Healthcare division

 
51,465

 
45,650

 

Optoelectronics and Manufacturing division, including intersegment revenues

 
62,548

 
56,954

 

Intersegment revenues elimination

 
(10,373

)
(5,458

)

 

 

 

 

 

 

Total

 

$
200,050

 

$
220,855

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

 

 

2015

 

2016

 

Operating income (loss) — by Segment:

 

 

 

 

 

Security division

 

$
12,635

 

$
9,350

 

Healthcare division

 
2,938

 
(3,264

)

Optoelectronics and Manufacturing division

 
5,561

 
4,650

 

Corporate

 
(5,202

)
(9,013

)

Eliminations (2)

 
(235

)
376

 

 

 

 

 

 

 

Total

 

$
15,697

 

$
2,099

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

September 30,

 

 

 

2016

 

2016

 

Assets (1) — by Segment:

 

 

 

 

 

Security division

 

$
519,068

 

$
821,192

 

Healthcare division

 
200,067

 
191,754

 

Optoelectronics and Manufacturing division

 
211,337

 
204,450

 

Corporate

 
64,970

 
38,960

 

Eliminations (2)

 
(3,719

)
(3,343

)

 

 

 

 

 

 

Total

 

$
991,723

 

$
1,253,013

 

 

 

 

 

 

 

 

 

 

(1)

For the three months ended September 30, 2015 and 2016, one customer, Servicio de Administración Tributaria in Mexico, accounted for 15% and 13% of total net revenues, respectively. No customer accounted for greater than 10% of accounts receivable as of June 30, 2016 and September 30, 2016.

 

(2)

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.