<SEC-DOCUMENT>0001157523-16-006537.txt : 20160816
<SEC-HEADER>0001157523-16-006537.hdr.sgml : 20160816
<ACCEPTANCE-DATETIME>20160816160553
ACCESSION NUMBER:		0001157523-16-006537
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160816
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160816
DATE AS OF CHANGE:		20160816

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:		161836087

	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>a51402831.htm
<DESCRIPTION>OSI SYSTEMS, INC. 8-K
<TEXT>
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    <title></title>
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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-family: Times New Roman; font-size: 14pt"></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): August 16, 2016</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></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="width: 100%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 33%; padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>DELAWARE</b>
          </p>
        </td>
        <td style="width: 34%; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>000-23125</b>
          </p>
        </td>
        <td style="width: 33%; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>330238801</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 33%; padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="width: 34%; padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 8pt"><b>(COMMISSION FILE NUMBER)</b></font>
          </p>
        </td>
        <td style="width: 33%; padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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="width: 100%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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-top: 0px; margin-bottom: 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="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <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>
    <p>
      <b>Item 2.02.&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; text-align: justify; font-family: Times New Roman">
      On August 16, 2016, we issued a press release announcing our financial
      results for the fourth quarter and fiscal year ended June 30, 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; text-align: justify; 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, regardless of any general incorporation language in
      such filing.
    </p>
    <p>
      <b>Item&#160;9.01.&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; margin-left: 30.0px">
      <i>(d)&#160;&#160;Exhibits</i>
    </p>
    <p>

    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; margin-left: 60.0px">
      Exhibit&#160;99.1:&#160;&#160;Press Release of OSI Systems, Inc., dated August 16, 2016.
    </p>
    <p>

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


    <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="width: 100%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 4%">

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            OSI SYSTEMS, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 4%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td style="width: 46%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            August 16, 2016
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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="width: 4%; padding-left: 0.0px; text-align: left" valign="top">

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

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

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

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

        </td>
        <td style="width: 47%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <hr style="width: 100%; color: #545454; text-align: center; height: 3.0 pt">


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

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

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

        </td>
      </tr>
      <tr>
        <td style="width: 8%; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>&#160;Exhibit</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Number</b></u>
          </p>
        </td>
        <td style="width: 4%">

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

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

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

        </td>
        <td style="width: 88%; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Press Release of OSI Systems, Inc., dated August 16, 2016.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51402831ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <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 Fourth Quarter and Fiscal Year 2016 Financial Results</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Q4
        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 $0.55</b></font>
          </li>
          <li style="margin-bottom: 10.0px">
            <font style="font-size: 12pt; font-family: Times New Roman"><b>GAAP
            EPS of $0.30</b></font>
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>FY 2017
        Non-GAAP Diluted EPS Guidance of 23% - 37% growth</b></font>
      </li>
    </ul>
    <p>

    </p>
    <p>
      HAWTHORNE, Calif.--(BUSINESS WIRE)--August 16, 2016--OSI Systems, Inc.
      (NASDAQ: OSIS) today announced financial results for its fourth quarter
      and fiscal year ended June 30, 2016.
    </p>
    <p>
      Deepak Chopra, OSI Systems&#8217; President and CEO, stated, &#8220;While our fourth
      quarter and full year operating results, in part, reflect the challenges
      of fiscal 2016, we are optimistic about our prospects for fiscal 2017.
      We are confident that our strengthened leadership team, enhanced product
      portfolios and robust pipeline of opportunities across each of our
      divisions position us well for top line growth and expanded
      profitability in fiscal 2017.&#8221;
    </p>
    <p>
      The Company reported revenues of $221 million for the fourth quarter of
      fiscal 2016, a decrease of 17% from the $267 million reported for the
      fourth quarter of fiscal 2015. Net income for the fourth quarter of
      fiscal 2016 was $5.9 million, or $0.30 per diluted share, compared to
      net income of $22.4 million, or $1.09 per diluted share, for the fourth
      quarter of fiscal 2015. Excluding the impact of impairment,
      restructuring and other charges, net income for the fourth quarter of
      fiscal 2016 would have been $10.8 million, or $0.55 per diluted share,
      compared to net income of $25.0 million, or $1.22 per diluted share, for
      the fourth quarter of fiscal 2015.
    </p>
    <p>
      For the fiscal year ended June 30, 2016, the Company reported revenues
      of $830 million, a 13% decrease from the $958 million reported for
      fiscal 2015. Net income for fiscal 2016 was $26.2 million, or $1.30 per
      diluted share, compared to net income of $65.2 million, or $3.17 per
      diluted share, in fiscal 2015. Excluding the impact of impairment,
      restructuring and other charges, net income for fiscal 2016 would have
      been $42.4 million, or $2.11 per diluted share, compared to net income
      of $72.4 million, or $3.53 per diluted share, for fiscal 2015.
    </p>
    <p>
      During the quarter ended June 30, 2016, the Company&#8217;s book-to-bill ratio
      for equipment and related services (non-turnkey) was 1.0 and, as of June
      30, 2016, the Company&#8217;s backlog was $623 million. During fiscal 2016,
      the Company generated cash flow from operations of $59.2 million.
    </p>
    <p>
      Mr. Chopra further commented, &#8220;Bookings were solid throughout fiscal
      2016 in the Security Division. The combination of various contract
      push-outs and slower conversion of backlog into revenues resulted in
      lighter sales during the fourth quarter in comparison with a very strong
      performance in the same period of the prior year. We expect significant
      growth in fiscal 2017 driven across many product lines including the
      RTT&#8482; 110 (Real Time Tomography) explosives detection systems. Multiple
      significant wins during fiscal 2016 and continuing into fiscal 2017 are
      expected to lead to sizeable revenue growth in this product line in the
      coming year. The future of the RTT&#8482; 110 looks bright as it continues its
      trajectory towards a market leadership position in Europe and Middle
      East. We are also very encouraged by the outstanding performance of our
      turnkey security screening services operations in fiscal 2016 and the
      pipeline of opportunities for further turnkey awards in fiscal 2017.&#8221;
    </p>
    <p>
      Mr. Chopra continued, &#8220;Operating efficiencies in the Optoelectronics and
      Manufacturing Division continued to drive year over year profit growth.
      Though external sales decreased by 1% during the fourth quarter from the
      prior year, we were able to achieve operating margin improvement on a
      lower revenue base in the fourth quarter as we have throughout fiscal
      2016.&#8221;
    </p>
    <p>
      Mr. Chopra concluded, &#8220;As anticipated, sales in our Healthcare Division
      increased from the third quarter but were down year over year. As we
      enter fiscal 2017, we are optimistic about our Healthcare business in
      general due to adjustments to our product portfolio and changes in the
      Division&#8217;s leadership and, as a result, we expect to return to growth in
      fiscal 2017.&#8221;
    </p>
    <p>
      <b>Fiscal Year 2017 Outlook</b>
    </p>
    <p>
      Subject to the risks described in this release, the Company anticipates
      fiscal 2017 sales to grow 4% - 8% to $865 million - $895 million. In
      addition, the Company anticipates 23% - 37% growth in earnings per
      diluted share to $2.60 to $2.90, excluding the impact of impairment,
      restructuring and other charges and their related tax effects. This
      guidance does not include the impact from any pending or potential
      acquisitions. Actual sales and diluted earnings per share could vary
      from this guidance including as a result of the matters discussed under
      the &#8220;Forward-Looking Statements&#8221; section. The Company&#8217;s 2017 diluted
      earnings per share guidance is provided on a non-GAAP basis only, due
      primarily to the variability and difficulty in making accurate forecasts
      and projections of impairment, restructuring and other charges and their
      related tax effects.
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <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>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 months and fiscal years ended June 30, 2015 and 2016 is provided
      to allow for the comparison of underlying earnings, net of impairment,
      restructuring and other charges and their associated tax effects.
      Management believes that these non-GAAP financial measures provide (i)
      additional insight into the ongoing operations of the Company; (ii)
      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; and (iii) a
      meaningful comparison of results for current periods and guidance for
      future periods with results for past periods. Non-GAAP financial
      measures should not be considered in isolation or as a substitute for
      measures of financial performance prepared in accordance with GAAP.
    </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
      beginning at 1:30pm PT (4:30pm ET) today to discuss its results for the
      fourth quarter and the full 2016 fiscal year. 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 August 30, 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;64354940&#8217; when prompted for the replay code.
    </p>
    <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 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; risks related to our proposed acquisition of American Science
      and Engineering, Inc., 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="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="17" valign="top">
          <b>OSI SYSTEMS, INC. AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="17" valign="top">
          <b>CONSOLIDATED STATEMENTS OF OPERATIONS</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="17" valign="top">
          <i><b>(in thousands, except per share data)</b></i>
        </td>
      </tr>
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="7" valign="top">
          <b>Three Months Ended June 30,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="top">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="7" valign="top">
          <b>Fiscal Year Ended June 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" colspan="7" valign="top">
          <i><b>(unaudited)</b></i>
        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          266,601
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          221,467
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          958,202
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          829,660
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          177,368
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          150,702
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          632,849
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          552,801
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="bottom">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          89,233
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          70,765
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          325,353
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          276,859
        </td>
        <td>

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

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

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

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

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

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

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          41,710
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          43,888
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          171,756
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          166,655
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Research and development
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          13,170
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          11,945
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          51,639
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          49,816
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left" valign="bottom">
          Impairment, restructuring and other charges
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          3,425
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          6,380
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          9,850
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          22,014
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left" valign="bottom">
          Total operating expenses
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          58,305
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          62,213
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          233,245
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          238,485
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Income from operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          30,928
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          8,552
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          92,108
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          38,374
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (747
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (796
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (3,255
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (2,879
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Income before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          30,181
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          7,756
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          88,853
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          35,495
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          7,748
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          1,855
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          23,702
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          9,338
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 30.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          22,433
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          5,901
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          65,151
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          26,157
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; 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: right" valign="bottom">

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

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

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

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

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

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1.09
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          0.30
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          3.17
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1.30
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Weighted average shares outstanding &#8211; diluted
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          20,543
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          19,512
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          20,526
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          20,076
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="9" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>CONSOLIDATED BALANCE SHEETS</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="9" valign="bottom">
          <i><b>(in thousands</b></i><b>)</b>
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">

        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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 style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>June 30, 2016</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="2" valign="bottom">
          <b>Assets</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="3" valign="top">

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

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

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" colspan="2" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            47,593
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          104,370
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" colspan="2" valign="bottom">
          178,519
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          141,716
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" colspan="2" valign="bottom">
          230,421
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          273,288
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">
          Other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          40,101
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          35,944
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" colspan="2" valign="bottom">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" colspan="2" valign="bottom">
          496,634
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          555,318
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">
          Non-current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          440,655
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          436,405
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 15.0px; text-align: left" colspan="2" valign="bottom">
          Total Assets
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" colspan="2" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            937,289
          </p>
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          991,723
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">

        </td>
        <td>

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

        </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" colspan="2" valign="bottom">
          <b>Liabilities and Stockholders' Equity</b>
        </td>
        <td>

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

        </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" colspan="2" valign="bottom">
          Bank lines of credit
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" colspan="2" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            --
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          125,000
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">
          Current portion of long-term debt
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" colspan="2" valign="bottom">
          106,887
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          117,455
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">
          Other current liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          131,955
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          122,621
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" colspan="2" valign="bottom">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" colspan="2" valign="bottom">
          241,643
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          367,835
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">
          Long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" colspan="2" valign="bottom">
          8,556
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          6,054
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">
          Deferred income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" colspan="2" valign="bottom">
          30,688
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          29,160
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2" valign="bottom">
          Other long-term liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" 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-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          47,828
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" colspan="2" valign="bottom">
          Total liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" colspan="2" valign="bottom">
          355,510
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          450,877
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          Total stockholders&#8217; equity
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" 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-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          540,846
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 30.0px; text-align: left" colspan="2" valign="top">
          Total Liabilities and Stockholders&#8217; Equity
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" colspan="2" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            937,289
          </p>
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          991,723
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="17" valign="bottom">
          <b>SEGMENT INFORMATION</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="17" valign="bottom">
          <i><b>(in thousands)</b></i>
        </td>
      </tr>
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="7" valign="bottom">
          <b>Three Months Ended June 30,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="7" valign="bottom">
          <b>Fiscal Year Ended June 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; 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-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <b>2016</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; 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-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; 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-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <b>2016</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; 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 style="padding-left: 0.0px; text-align: center" colspan="7" valign="bottom">
          <i><b>(unaudited)</b></i>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Security Division
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          131,479
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          110,532
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          481,087
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          411,212
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Healthcare Division
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          78,981
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          55,332
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          255,691
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          211,458
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Optoelectronics and Manufacturing Division, including intersegment
          revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          67,960
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          63,088
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          267,872
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          247,502
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left" valign="bottom">
          Intersegment revenues elimination
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (11,819
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (7,485
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (46,448
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (40,512
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 30.0px; text-align: left" valign="bottom">
          Total
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          266,601
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          221,467
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          958,202
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          829,660
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; 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: right" valign="bottom">

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

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

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

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

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

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

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

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Security Division <sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          16,878
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          8,122
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          67,804
        </td>
        <td>

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

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          37,845
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Healthcare Division <sup>(2)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          13,408
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2,221
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          24,666
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          8,351
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Optoelectronics and Manufacturing Division <sup>(3)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          3,832
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          5,576
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          17,533
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          19,654
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Corporate <sup>(4)</sup>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (8,017
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (17,455
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          (27,199
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left" valign="bottom">
          Eliminations
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          517
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          650
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (440
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          (277
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 30.0px; text-align: left" valign="bottom">
          Total
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          30,928
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          8,552
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          92,108
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          38,374
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <sup>(1)</sup>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Includes impairment, restructuring and other charges of $1.2 million
          and $2.5 million for the three months ended June 30, 2015 and 2016,
          respectively, and $5.1 million and $10.0 million for the fiscal
          years ended June 30, 2015 and 2016, respectively.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Includes impairment, restructuring and other charges of $0.2 million
          and $1.4 million for the three months ended June 30, 2015 and 2016,
          respectively, and $1.4 million and $3.1 million for the fiscal years
          ended June 30, 2015 and 2016, respectively.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Includes impairment, restructuring and other charges of $1.9 million
          and $0.3 million for the three months ended June 30, 2015 and 2016,
          respectively, and $2.7 million and $3.3 million for the fiscal years
          ended June 30, 2015 and 2016, respectively.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Includes impairment, restructuring and other charges of $0.1 million
          and $2.2 million for the three months ended June 30, 2015 and 2016,
          respectively, and $0.7 million and $5.6 million for the fiscal years
          ended June 30, 2015 and 2016, respectively.
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="25" valign="top">
          <b>RECONCILIATION OF GAAP TO NON-GAAP NET INCOME AND EARNINGS PER
          SHARE</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="25" valign="top">
          <b>(in thousands, except earnings per share data)</b>
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="11" valign="bottom">
          <b>Three Months Ended June 30,</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="11" valign="bottom">
          <b>Fiscal Year Ended June 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" colspan="2" valign="bottom">
          <b>Net</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" colspan="2" valign="bottom">

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

        </td>
        <td style="padding-left: 0.0px; text-align: center" colspan="2" valign="bottom">
          <b>Net</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" colspan="2" valign="bottom">

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

        </td>
        <td style="padding-left: 0.0px; text-align: center" colspan="2" valign="bottom">
          <b>Net</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: center" colspan="2" valign="bottom">

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

        </td>
        <td style="padding-left: 0.0px; text-align: center" colspan="2" valign="bottom">
          <b>Net</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

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

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>income</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>EPS</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>income</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>EPS</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>income</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>EPS</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>income</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          GAAP basis
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          22,433
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1.09
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          5,901
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          0.30
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          65,151
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          3.17
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          26,157
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          1.30
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Impairment, restructuring and other charges, net of tax
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          2,546
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          0.13
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          4,854
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          0.25
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          7,222
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          0.36
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          16,223
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right" valign="bottom">
          0.81
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </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-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          24,979
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          1.22
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          10,755
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          0.55
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          72,373
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          3.53
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          42,380
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right; border-bottom-color: black; border-bottom-width: 2.25pt" valign="bottom">
          2.11
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br><b>OSI Systems, Inc.</b><br>Ajay Vashishat<br>Vice
      President, Business Development<br>12525 Chadron Ave<br>Hawthorne, CA
      90250<br>(310) 349-2237<br><u>avashishat@osi-systems.com</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
