<SEC-DOCUMENT>0001157523-16-005264.txt : 20160427
<SEC-HEADER>0001157523-16-005264.hdr.sgml : 20160427
<ACCEPTANCE-DATETIME>20160427160557
ACCESSION NUMBER:		0001157523-16-005264
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160427
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160427
DATE AS OF CHANGE:		20160427

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OSI SYSTEMS INC
		CENTRAL INDEX KEY:			0001039065
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				330238801
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23125
		FILM NUMBER:		161595375

	BUSINESS ADDRESS:	
		STREET 1:		12525 CHADRON AVE
		CITY:			HAWTHORNE
		STATE:			CA
		ZIP:			90250
		BUSINESS PHONE:		3109780516

	MAIL ADDRESS:	
		STREET 1:		12525 CHADRON AVENUE
		CITY:			HAWTHORNE
		STATE:			CA
		ZIP:			90250
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51330178.htm
<DESCRIPTION>OSI SYSTEMS, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-size: 14pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 14pt; font-family: Times New Roman"><br style="font-size: 14pt; font-family: Times New Roman"></font><font style="font-size: 14pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 14pt; font-family: Times New Roman"><b>WASHINGTON,
      D.C. 20549</b></font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>FORM 8-K</b></font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>PURSUANT
      TO SECTION 13 OR 15(D) OF</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>THE
      SECURITIES EXCHANGE ACT OF 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman">DATE
      OF REPORT (DATE OF EARLIEST EVENT REPORTED): April 27, 2016</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 24pt"><b>OSI SYSTEMS, INC.</b></font><br><font style="font-size: 8pt; font-family: Times New Roman">(</font><font style="font-size: 8pt; font-family: Times New Roman"><b>EXACT
      NAME OF REGISTRANT AS&#160;SPECIFIED IN ITS CHARTER</b></font><font style="font-size: 8pt; font-family: Times New Roman">)</font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>DELAWARE</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 34%; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>000-23125</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>330238801</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 8pt"><b>(STATE OR OTHER JURISDICTION</b></font><b><font style="font-size: 8pt"><br style="font-size: 8pt"></font><font style="font-size: 8pt">OF
            INCORPORATION)</font></b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 34%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 8pt"><b>(COMMISSION FILE NUMBER)</b></font>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 8pt"><b>(IRS EMPLOYER IDENTIFICATION</b></font><br><font style="font-size: 8pt"><b>NO.)</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>12525 CHADRON AVENUE<br>HAWTHORNE, CA 90250</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 8pt"><b>(ADDRESS OF PRINCIPAL EXECUTIVE
            OFFICES) (ZIP CODE) </b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <b>(310) 978-0516</b><br><font style="font-size: 8pt"><b>(REGISTRANT&#8217;S
      TELEPHONE NUMBER, INCLUDING AREA CODE)</b></font>
    </p>
    <p style="text-align: center">
      N/A<br>&#160;(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <hr style="color: #545454; height: 3.0 pt; width: 100%; text-align: center">


    <p style="white-space: nowrap">
      <b>Item 2.02. Results of Operations and Financial Condition</b>.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; font-family: Times New Roman">
      On April 27, 2016, we issued a press release announcing our financial
      results for the quarter ended March 31, 2016. A copy of the press
      release is attached hereto as Exhibit 99.1 and incorporated herein in
      its entirety by this reference.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; font-family: Times New Roman">
      We are furnishing the information contained in this Item&#160;2.02 (including
      Exhibit 99.1). It shall not be deemed to be &#8220;filed&#8221; for purposes of
      Section&#160;18 of the Securities Exchange Act of 1934, as amended, or
      otherwise subject to the liabilities of that section, nor shall it be
      deemed to be incorporated by reference in any filing under the
      Securities Act of 1933, as amended, or the Securities Exchange Act of
      1934, as amended.
    </p>
    <p>
      <b>Item&#160;8.01. Other Events.</b>&#160;
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      On April 27, 2016, we announced that our board of directors authorized
      the purchase of up to 1,000,000 shares of common stock under a new stock
      repurchase program. The shares of common stock authorized to be
      repurchased under the new repurchase program are in addition to the
      63,158 shares remaining under our existing stock repurchase program.&#160;&#160;
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; font-family: Times New Roman">
      Purchases may be made from time to time in the open market or in
      privately negotiated transactions and block trades, in accordance with
      federal securities laws, including Rule 10b-18 promulgated under the
      Securities Exchange Act of 1934, as amended. This program does not have
      an expiration date. The stock repurchase program may be modified,
      terminated or expanded by us at any time without prior notice. There is
      no guarantee as to the exact number of shares, if any, that will be
      purchased by us under the program. The amount and timing of any
      purchases will depend on a number of factors, including price, trading
      volume, general market conditions, legal requirements, and other factors.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;Financial Statements and Exhibits.</b>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 4%; text-align: right" valign="top">
          <i>(d)</i>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; width: 94%; text-align: left" valign="top">
          <i>Exhibits</i>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 12%; text-align: right" valign="top">
          Exhibit 99.1:
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; width: 86%; text-align: left" valign="bottom">
          Press Release of OSI Systems, Inc., dated April 27, 2016.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <hr style="color: #545454; height: 3.0 pt; width: 100%; text-align: center">


    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            OSI SYSTEMS, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 4%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 46%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            April 27, 2016
          </p>
        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 4%; text-align: left" valign="top">

        </td>
        <td style="width: 46%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; width: 4%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; width: 46%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; width: 3%; text-align: left" valign="top">
          By:
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; width: 47%; text-align: left; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Alan Edrick
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="padding-left: 0.0px; width: 47%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Alan Edrick
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 46%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="padding-left: 0.0px; width: 47%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <hr style="color: #545454; height: 3.0 pt; width: 100%; text-align: center">


    <p style="text-align: center">
      <b>EXHIBIT INDEX </b>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 8%">

        </td>
        <td style="padding-left: 0.0px; width: 4%; text-align: left" valign="top">
          &#160;
        </td>
        <td style="width: 88%">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 8%; text-align: left" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Number</b></u>
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; width: 88%; text-align: left" valign="bottom">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; width: 88%; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 8%; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top">
          99.1
        </td>
        <td style="width: 4%">

        </td>
        <td style="padding-left: 0.0px; width: 88%; text-align: left" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release of OSI Systems, Inc., dated April 27, 2016
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51330178ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2016 Business Wire, a Berkshire Hathaway company.-->
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  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>OSI
      Systems Reports Third Quarter Fiscal 2016 Financial Results</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Q3
        Sales of $211 million</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Q3
        Earnings Per Diluted Share</b></font>

        <ul>
          <li style="margin-bottom: 10.0px">
            <font style="font-size: 12pt; font-family: Times New Roman"><b>Non-GAAP
            EPS of $0.64</b></font>
          </li>
          <li style="margin-bottom: 10.0px">
            <font style="font-size: 12pt; font-family: Times New Roman"><b>GAAP
            EPS of $0.47</b></font>
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Company
        Authorizes Additional 1,000,000 Share Stock Repurchase Program</b></font>
      </li>
    </ul>
    <p>
      HAWTHORNE, Calif.--(BUSINESS WIRE)--April 27, 2016--OSI Systems, Inc.
      (NASDAQ: OSIS) today announced financial results for the fiscal quarter
      ended March 31, 2016.
    </p>
    <p>
      &#8220;Our third quarter results were largely in line with expectations and
      were driven by the overall strength of our Security Division and
      continued operating margin expansion in our Optoelectronics and
      Manufacturing Division. We were disappointed with the results of our
      Healthcare Division as topline challenges continued due to an
      unfavorable environment. While the difficult global market continues to
      challenge each of our businesses, our backlog and pipeline of
      opportunities remain robust and our management team is focused on
      setting the stage for a strong start to fiscal 2017,&#8221; said Deepak
      Chopra, OSI Systems&#8217; Chairman and Chief Executive Officer.
    </p>
    <p>
      The Company reported revenues of $210.8 million for the third quarter of
      fiscal 2016, a decrease of 2% as compared to the same period a year ago.
      Net income for the third quarter of fiscal 2016 was $9.3 million, or
      $0.47 per diluted share, compared to net income of $13.2 million, or
      $0.64 per diluted share, for the third quarter of fiscal 2015. Excluding
      the impact of impairment, restructuring and other charges, net income
      for the third quarter of fiscal 2016 would have been $12.7 million, or
      $0.64 per diluted share, compared to net income of $15.9 million, or
      $0.78 per diluted share for the comparable quarter of the prior year.
    </p>
    <p>
      For the nine months ended March 31, 2016, the Company reported revenues
      of $608.2 million, a decrease of 12% below the same period a year ago.
      Net income for this period was $20.3 million, or $1.00 per diluted
      share, compared to net income of $42.7 million, or $2.08 per diluted
      share, for the same period a year ago. Excluding the impact of
      impairment, restructuring and other charges, net income for the nine
      months ended March 31, 2016 would have been $31.7 million, or $1.56 per
      diluted share, compared to net income of $47.4 million, or $2.31 per
      diluted share, for the comparable period in the prior year.
    </p>
    <p>
      As of March 31, 2016, the Company&#8217;s backlog was approximately $661
      million. During the third quarter of fiscal 2016, the Company generated
      cash flow from operations of $20.7 million, made capital expenditures of
      $4.0 million and used $50.7 million to buy back stock under its stock
      repurchase program.
    </p>
    <p>
      Mr. Chopra continued, &#8220;During the third quarter, the Security Division&#8217;s
      revenues increased by 11% to $110.6 million representing the second
      highest third quarter sales in our history. The book to bill ratio for
      the nine months ended March 31, 2016 in this Division was approximately
      1.1. With market challenges relating to the timing of awards and
      delivery of products, we will continue to focus on operational
      improvement initiatives including reducing our cost base. We have a
      strong backlog and pipeline of product and service opportunities, and we
      look forward to fiscal 2017.&#8221;
    </p>
    <p>
      Mr. Chopra further commented, &#8220;Our Optoelectronics and Manufacturing
      Division continued to deliver operating margin expansion. Benefitting
      from a more favorable product and customer mix, we reported a 9.6%
      operating margin, excluding the impact of impairment, restructuring and
      other charges. This represented our sixth consecutive quarter of
      year-over-year operating margin expansion. During the quarter we
      acquired two businesses that will expand our product offering and
      customer base in the United States as well as our footprint in the
      United Kingdom. We believe this Division is well positioned to resume
      top line growth in fiscal 2017.&#8221;
    </p>
    <p>
      Mr. Chopra concluded, &#8220;Sales in our Healthcare Division continued to be
      adversely affected by a difficult global market. The softness is not
      expected to turn around this quarter, but management is focused on
      regaining the positive momentum displayed during the second half of the
      prior fiscal year. We have made changes within the top management and
      recently appointed a new leader for this Division. Although the impact
      of the management changes and adjustments to our product portfolio will
      not be immediate, we believe that such improvements will position us
      well for a stronger fiscal 2017.&#8221;
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Stock Repurchase Program</b>
    </p>
    <p>
      The Company announced that its Board of Directors has approved a new
      stock repurchase program authorizing the purchase of up to one million
      shares of the Company&#8217;s common stock. The shares of common stock
      authorized to be repurchased under the new repurchase program are in
      addition to the 63,158 shares remaining under the Company&#8217;s existing
      stock repurchase program.
    </p>
    <p>
      &#8220;Our Board of Directors and senior management are confident in the
      Company&#8217;s growth prospects, cash flow profile and long-term strategy,&#8221;
      said Mr. Chopra. &#8220;As we reviewed our capital allocation strategy, this
      expanded stock repurchase program further demonstrates our confidence in
      the strength of our businesses and commitment to delivering shareholder
      value.&#8221;
    </p>
    <p>
      Purchases may be made from time to time in the open market or in
      privately negotiated transactions and block trades, in accordance with
      federal securities laws, including Rule 10b-18 promulgated under the
      Securities Exchange Act of 1934, as amended. This program does not have
      an expiration date. The stock repurchase program may be modified,
      terminated or expanded by the Company at any time without prior notice.
      There is no guarantee as to the exact number of shares, if any, that
      will be purchased by the Company under the program.&#160;The amount and
      timing of any purchases will depend on a number of factors, including
      price, trading volume, general market conditions, legal requirements,
      and other factors.
    </p>
    <p>
      <b>Fiscal Year 2016 Fourth Quarter Outlook</b>
    </p>
    <p>
      Based on the information known as of today, the Company is reducing its
      fiscal 2016 guidance. Fourth quarter sales guidance is $230 million -
      $255 million and earnings guidance is $0.45 to $0.70 per diluted share,
      excluding the impact of impairment, restructuring and other charges.
      Actual sales and diluted EPS could vary from this guidance including as
      a result of the matters discussed under the &#8220;Forward-Looking Statements&#8221;
      section. This reflects the ongoing challenges facing the Healthcare
      Division as well as the timing of awards and mix of revenues in the
      Security Division.
    </p>
    <p>
      <b>Presentation of Non-GAAP Financial Measures</b>
    </p>
    <p>
      This earnings release includes a presentation of non-GAAP net income and
      diluted earnings per share, each of which is a non-GAAP financial
      measure. Discussion of adjustments to arrive at non-GAAP figures for the
      three and nine months ended&#160;March 31, 2015&#160;and 2016 is provided to allow
      for the comparison of underlying earnings, net of impairment,
      restructuring and other charges. Management believes that providing
      these non-GAAP figures provides additional insight into the ongoing
      operations of the Company. Non-GAAP financial measures should not be
      considered in isolation or as a substitute for measures of financial
      performance prepared in accordance with GAAP. Management believes that
      these non-GAAP financial measures provide meaningful supplemental
      information regarding the Company&#8217;s results primarily because they
      exclude amounts that management does not view as reflective of ongoing
      operating results when planning and forecasting and when assessing the
      performance of the business. Management believes that the Company&#8217;s
      non-GAAP financial measures also facilitate the comparison of results
      for current periods and guidance for future periods with results for
      past periods.
    </p>
    <p>
      Reconciliations of GAAP to non-GAAP net income and diluted earnings per
      share are in the accompanying tables.
    </p>
    <p>
      <b>Conference Call Information</b>
    </p>
    <p>
      OSI Systems, Inc. will host a conference call and simultaneous webcast
      over the Internet beginning at 1:30pm PT (4:30pm ET), today to discuss
      its results for the third quarter of fiscal 2016. To listen, please
      visit the investor relations section of the OSI Systems website, <u>http://investors.osi-systems.com/index.cfm</u>
      and follow the link that will be posted on the front page. A replay of
      the webcast will be available shortly after the conclusion of the
      conference call until May 11, 2016. The replay can either be accessed
      through the Company&#8217;s website, <u>www.osi-systems.com</u>, or via
      telephonic replay by calling 1-855-859-2056 and entering the conference
      call identification number &#8216;97343664&#8217; when prompted for the replay code.
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>About OSI Systems, Inc.</b>
    </p>
    <p>
      OSI Systems, Inc. is a vertically integrated designer and manufacturer
      of specialized electronic systems and components for critical
      applications. The Company sells its products and provides related
      services in diversified markets, including homeland security,
      healthcare, defense and aerospace. The Company has more than 30 years of
      experience in electronics engineering and manufacturing and maintains
      offices and production facilities in more than a dozen countries. The
      Company implements a strategy of expansion by leveraging its electronics
      and contract manufacturing capabilities into selective end product
      markets through organic growth and acquisitions. For more information on
      OSI Systems, Inc. or any of its subsidiary companies, visit <u>www.osi-systems.com</u>.
      News Filter: OSIS-E
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      <i>This press release contains forward-looking statements within the
      meaning of the Private Securities Litigation Reform Act of 1995, Section
      27A of the Securities Act of 1933, as amended, and Section 21E of the
      Securities Exchange Act of 1934, as amended. Forward-looking statements
      relate to the Company's current expectations, beliefs, projections and
      similar expressions concerning matters that are not historical facts and
      are not guarantees of future performance.</i> <i>Forward-looking
      statements involve uncertainties, risks, assumptions and contingencies,
      many of which are outside the Company's control and which may cause
      actual results to differ materially from those described in or implied
      by any forward-looking statement. Forward-looking statements include,
      but are not limited to, information provided regarding expected
      revenues, earnings and growth in fiscal 2016 and fiscal 2017. In
      addition, the Company could be exposed to a variety of negative
      consequences as a result of delays related to the award of domestic and
      international contracts; delays in customer programs; delays in revenue
      recognition related to the timing of customer acceptance; unanticipated
      impacts of sequestration and other U.S. Government budget control
      provisions; changes in domestic and foreign government spending,
      budgetary, procurement and trade policies adverse to the Company's
      businesses; global economic uncertainty; impact of volatility in oil
      prices; unfavorable currency exchange rate fluctuations;</i> <i>market
      acceptance of the Company's new and existing technologies, products and
      services; the Company's ability to win new business and convert any
      orders received to sales within the fiscal year in accordance with the
      Company's operating plan; enforcement actions in respect of any
      noncompliance with laws and regulations including export control and
      environmental regulations and the matters that are the subject of some
      or all of the Company's ongoing investigations and compliance reviews;
      contract and regulatory compliance matters, and actions, if brought,
      resulting in judgments, settlements, fines, injunctions, debarment or
      penalties, as well as other risks and uncertainties, including but not
      limited to those detailed herein and from time to time in the Company's
      Securities and Exchange Commission filings which could have a material
      and adverse impact on the Company's business, financial condition and
      results of operations. For additional information on these and other
      factors that could cause the Company's future results to differ
      materially from any forward-looking statements, see the section entitled
      &quot;Risk Factors&quot; in the Company's Annual Report on Form 10-K for the
      fiscal year ended June 30, 2015 and other risks described therein and in
      documents subsequently filed by the Company from time to time with the
      Securities and Exchange Commission. All forward-looking statements are
      based on currently available information and speak only as of the date
      on which they are made.</i> <i>The Company assumes no obligation to
      update any forward-looking statement made in this press release that
      becomes untrue because of subsequent events, new information or
      otherwise, except to the extent it is required to do so in connection
      with requirements under federal securities laws.</i>
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 8pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td colspan="17" style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>OSI SYSTEMS, INC. AND SUBSIDIARIES</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="17" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>CONSOLIDATED STATEMENTS OF OPERATIONS</b>
        </td>
      </tr>
      <tr>
        <td colspan="17" style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i><b>(in thousands, except per share data)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="17" style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i><b>(Unaudited)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>Three Months Ended March 31,</b>
        </td>
        <td>

        </td>
        <td colspan="7" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>Nine Months Ended March 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2016</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2016</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Revenues
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          215,375
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          210,804
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          691,601
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          608,193
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Cost of goods sold
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          142,771
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          140,745
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          455,481
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          402,099
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 45.0px; text-align: left" valign="top">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          72,604
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          70,059
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          236,120
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          206,094
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Operating expenses:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          37,970
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          39,233
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          130,046
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          122,767
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          Research and development
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          12,559
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          12,945
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          38,469
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          37,871
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 5.0px; text-align: left" valign="top">
          Impairment, restructuring and other charges
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          3,620
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          4,537
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          6,425
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          15,634
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left" valign="top">
          Total operating expenses
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          54,149
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          56,715
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          174,940
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          176,272
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Income from operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          18,455
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          13,344
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          61,180
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          29,822
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Interest and other expense, net
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (812
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (666
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (2,508
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (2,083
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Income before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          17,643
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          12,678
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          58,672
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          27,739
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Provision for income taxes
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          4,415
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          3,335
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          15,954
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          7,483
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          13,228
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          9,343
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          42,718
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          20,256
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Diluted earnings per share
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          0.64
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          0.47
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          2.08
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          1.00
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Weighted average shares outstanding &#8211; diluted
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          20,529
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          19,941
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          20,515
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          20,261
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 8pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>CONSOLIDATED BALANCE SHEETS</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="7" style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i><b>(in thousands</b></i><b>)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>June 30, 2015</b>
          </p>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td colspan="2" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>March 31, 2016</b>

          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <b>Assets</b>
        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          47,593
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          97,425
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          178,519
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          159,787
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          230,421
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          291,092
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          84,988
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          96,523
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          541,521
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          644,827
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Non-current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          438,153
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          430,475
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 10.0px; text-align: left" valign="bottom">
          Total Assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          979,674
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          1,075,302
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <b>Liabilities and Stockholders' Equity</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Bank lines of credit
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          --
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          125,000
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Current portion of long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          2,801
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          2,759
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Accounts payable and accrued expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          114,525
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          146,097
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Deferred revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          47,787
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          34,796
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Other current liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          84,168
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          97,331
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          249,281
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          405,983
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          8,556
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          6,770
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Deferred income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          65,435
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          68,887
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Other long-term liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          74,623
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          61,543
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Total liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          397,895
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          543,183
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Total stockholders&#8217; equity
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          581,779
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          532,119
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 20.0px; text-align: left" valign="top">
          Total Liabilities and Stockholders&#8217; Equity
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          979,674
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          1,075,302
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 8pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td colspan="17" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>SEGMENT INFORMATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="17" style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i><b>(in thousands)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="17" style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i><b>(Unaudited)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td>

        </td>
        <td colspan="7" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>Three Months Ended </b>

          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>March 31,</b>
          </p>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td colspan="7" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>Nine Months Ended </b>

          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>March 31,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2016</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2016</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Revenues &#8211; by Segment:</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="3">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="3">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          Security Division
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          99,164
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          110,550
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          349,608
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          300,680
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          Healthcare Division
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          59,383
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          49,113
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          176,710
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          156,126
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          Optoelectronics and Manufacturing Division including intersegment
          revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          65,291
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          61,306
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          199,912
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          184,414
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 5.0px; text-align: left" valign="bottom">
          Intersegment revenues elimination
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (8,463
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (10,165
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (34,629
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (33,027
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 15.0px; text-align: left" valign="bottom">
          Total
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          215,375
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          210,804
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          691,601
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          608,193
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="3">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="3">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Operating income (loss) &#8211; by Segment:</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="3">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="3">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          Security Division <sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          13,266
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          14,554
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          50,926
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          29,723
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          Healthcare Division <sup>(2)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          3,707
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (188
        </td>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          11,258
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          6,130
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          Optoelectronics and Manufacturing Division <sup>(3)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          5,008
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          5,325
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          13,701
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          14,078
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          Corporate <sup>(4)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (3,498
        </td>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (6,077
        </td>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (13,748
        </td>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (19,182
        </td>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 5.0px; text-align: left" valign="bottom">
          Eliminations
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (28
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (270
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (957
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (927
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: left; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 15.0px; text-align: left" valign="bottom">
          Total
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          18,455
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          13,344
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          61,180
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          29,822
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 8pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top">
          (1)
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          Includes impairment, restructuring and other charges of $2.1 million
          and $3.9 million for the three and nine months ended March 31, 2015,
          respectively; and $1.2 million and $7.5 million for the three and
          nine months ended March 31, 2016, respectively.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top">
          (2)
        </td>
        <td>

        </td>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          Includes impairment, restructuring and other charges of $1.0 million
          and $1.1 million for the three and nine months ended March 31, 2015,
          respectively; and $1.7 million for each of the three and nine months
          ended March 31, 2016.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top">
          (3)
        </td>
        <td>

        </td>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          Includes impairment, restructuring and other charges of $0.5 million
          and $0.7 million for the three and nine months ended March 31, 2015,
          respectively; and $0.6 million and $3.1 million for the three and
          nine months ended March 31, 2016, respectively.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="top">
          (4)
        </td>
        <td>

        </td>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          Includes impairment, restructuring and other charges of $0.7 million
          for the nine months ended March 31, 2015; and $1.0 million and $3.3
          million for the three and nine months ended March 31, 2016,
          respectively.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 8pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
      </tr>
      <tr>
        <td colspan="25" style="padding-left: 0.0px; text-align: center" valign="top">
          <b>Reconciliation of GAAP to Non-GAAP Net Income and Earnings Per
          Share</b>
        </td>
      </tr>
      <tr>
        <td colspan="25" style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i><b>(in thousands, except earnings per share data)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="25" style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i><b>(Unaudited)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>Three Months Ended March 31,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td colspan="11" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>Nine Months Ended March 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="5" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td colspan="5" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2016</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td colspan="5" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td colspan="5" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>Net income</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>EPS</b>
        </td>
        <td>

        </td>
        <td colspan="2" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>Net income</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>EPS</b>
        </td>
        <td>

        </td>
        <td colspan="2" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>Net income</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>EPS</b>
        </td>
        <td>

        </td>
        <td colspan="2" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>Net income</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>EPS</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          GAAP basis
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          13,228
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.64
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          9,343
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.47
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          42,718
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          2.08
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          20,256
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1.00
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Add back - Impairment, restructuring and other charges, net of tax
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          2,714
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          0.14
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          3,344
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          0.17
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          4,678
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          0.23
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          11,417
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          0.56
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Non-GAAP basis
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          15,942
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          0.78
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          12,687
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          0.64
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          47,396
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          2.31
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          31,673
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-left: 0.0px; text-align: right; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          1.56
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p>
      CONTACT:<br><b>OSI Systems, Inc.</b><br>Ajay Vashishat<br>Vice
      President, Business Development<br>(310) 349-2237<br><u>avashishat@osi-systems.com</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
