<SEC-DOCUMENT>0001157523-18-002155.txt : 20181025
<SEC-HEADER>0001157523-18-002155.hdr.sgml : 20181025
<ACCEPTANCE-DATETIME>20181025160635
ACCESSION NUMBER:		0001157523-18-002155
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181025
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181025
DATE AS OF CHANGE:		20181025

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:		181138965

	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>a51889356.htm
<DESCRIPTION>OSI SYSTEMS, INC. 8-K
<TEXT>
<html>
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    <title></title>
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  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 14pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 14pt"><br style="font-size: 14pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 14pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 14pt"><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-family: Times New Roman; font-size: 18pt"><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-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>PURSUANT
      TO SECTION 13 OR 15(D) OF</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>THE
      SECURITIES EXCHANGE ACT OF 1934</b></font><br><br><font style="font-family: Times New Roman; font-size: 10pt">DATE
      OF REPORT (DATE OF EARLIEST EVENT REPORTED): October 25, 2018</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 24pt"><b>OSI SYSTEMS, INC.</b></font><br><font style="font-family: Times New Roman; font-size: 8pt">(</font><font style="font-family: Times New Roman; font-size: 8pt"><b>EXACT
      NAME OF REGISTRANT AS&#160;SPECIFIED IN ITS CHARTER</b></font><font style="font-family: Times New Roman; font-size: 8pt">)</font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>DELAWARE</b>
          </p>
        </td>
        <td valign="bottom" style="width: 34%; text-align: center; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>000-23125</b>
          </p>
        </td>
        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>330238801</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(STATE OR OTHER JURISDICTION<br>OF INCORPORATION)</b>
          </p>
        </td>
        <td valign="top" style="width: 34%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(COMMISSION FILE NUMBER)</b>
          </p>
        </td>
        <td valign="top" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(IRS EMPLOYER IDENTIFICATION</b><br><b>NO.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>12525 CHADRON AVENUE<br>HAWTHORNE, CA 90250</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          <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>
    <p>

    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p style="text-indent: 60.0px; margin-left: 270.0px; white-space: nowrap">
      Emerging growth company&#160;&#160;&#160;&#160;&#160;<font style="font-size: 9pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 9pt">&#160;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160;&#160;&#160;&#160;&#160;<font style="font-size: 9pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <div style="text-indent: 0pt; width: 100%; 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="height: 1.5pt; color: black">

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

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


    <p>

    </p>
    <p>
      <b>Item 2.02 &#160;Results of Operations and Financial Condition.</b>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman; text-align: justify">
      On October 25, 2018, we issued a press release announcing our financial
      results for the quarter ended September 30, 2018. A copy of the press
      release is attached hereto as Exhibit 99.1 and incorporated herein by
      this reference.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman; text-align: justify">
      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 any purpose,
      including for the 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 9.01 &#160;Financial Statements and Exhibits.</b><br>
    </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 99.1:&#160;&#160;&#160;&#160;Press Release of OSI Systems, Inc., dated October 25,
      2018.
    </p>
    <p>

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


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

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

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

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

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

        </td>
        <td valign="top" style="width: 88%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 8%; text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51889356ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td valign="bottom" style="width: 88%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51889356ex99_1.htm">Press Release of OSI Systems, Inc.,
            dated October 25, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>

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


    <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 cellspacing="0" style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            OSI SYSTEMS, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 3%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td valign="top" style="width: 47%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            October 25, 2018
          </p>
        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">

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

        </td>
        <td style="width: 47%">

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

        </td>
        <td valign="top" style="width: 47%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Alan Edrick
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">

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

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

    </p>
  </body>
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     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51889356ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>OSI
      Systems Reports Fiscal 2019 First Quarter Financial Results</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Record
        Q1 Revenue of $266.2 Million (4% increase over prior year)</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Q1
        Earnings Per Diluted Share</b></font>

        <ul>
          <li style="margin-bottom: 10.0px">
            <font style="font-family: Times New Roman; font-size: 12pt"><b>GAAP
            EPS of $0.50</b></font>
          </li>
          <li style="margin-bottom: 10.0px">
            <font style="font-family: Times New Roman; font-size: 12pt"><b>Non-GAAP
            EPS of $0.81</b></font>
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Backlog
        of $1.035 Billion (22% year-over-year increase)</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Company
        Raises Guidance for Fiscal Year 2019 Sales and Non-GAAP Diluted EPS</b></font>
      </li>
    </ul>
    <p>
      HAWTHORNE, Calif.--(BUSINESS WIRE)--October 25, 2018--OSI Systems, Inc.
      (the &#8220;Company&#8221; or &#8220;OSI Systems&#8221;) (NASDAQ: OSIS) today announced
      financial results for the quarter ended September 30, 2018.
    </p>
    <p>
      Deepak Chopra, OSI Systems&#8217; Chairman and Chief Executive Officer,
      stated, &#8220;We are pleased with the first quarter performance as we
      delivered record first quarter revenues and solid profit. Our growing
      backlog and strong book-to-bill ratio reflect a robust pipeline of
      opportunities, putting us in good position for the remainder of fiscal
      2019.&#8221;
    </p>
    <p>
      The Company reported revenues of $266.2 million for the first quarter of
      fiscal 2019, an increase of 4% from the $257.1 million reported for the
      first quarter of fiscal 2018. Net income for the first quarter of fiscal
      2019 was $9.4 million, or $0.50 per diluted share, compared to net
      income of $10.2 million, or $0.52 per diluted share, for the first
      quarter of fiscal 2018. Non-GAAP net income for the first quarter of
      fiscal 2019 was $15.3 million, or $0.81 per diluted share, compared to
      non-GAAP net income for the fiscal 2018 first quarter of $15.5 million,
      or $0.79 per diluted share.
    </p>
    <p>
      During the quarter ended September 30, 2018, the Company&#8217;s book-to-bill
      ratio was 1.2. As of September 30, 2018, the Company&#8217;s backlog was
      $1.035 billion as compared to $976 million as of June 30, 2018.
    </p>
    <p>
      Mr. Chopra commented, &#8220;Our Security division achieved record first
      quarter revenues of $170 million, with strong operating profit. Bookings
      were robust, leading to significant growth in our backlog. We continue
      to be well positioned in the global marketplace to capitalize on future
      opportunities.&#8221;
    </p>
    <p>
      Mr. Chopra continued, &#8220;Our Optoelectronics and Manufacturing division
      performed well as sales increased 20% over the same prior-year period,
      inclusive of acquisitions. A strong mix of revenues and operational
      execution led to significant year-over-year operating margin expansion.&#8221;
    </p>
    <p>
      Mr. Chopra concluded, &#8220;Although we were disappointed by the financial
      results in our Healthcare division, we remain dedicated to improving our
      competitive position. We are focused on enhancing our core products,
      developing new products, and growing the supplies and accessories
      business.&#8221;
    </p>
    <p>
      <b>Fiscal Year 2019 Outlook</b>
    </p>
    <p>
      The Company is raising its fiscal year 2019 sales guidance to a range of
      $1.140 billion to $1.175 billion, which would represent growth of 5% to
      8% compared to the prior fiscal year. The Company is also increasing its
      non-GAAP earnings guidance to $3.85 to $4.05 per diluted share for
      fiscal 2019. Actual sales and non-GAAP diluted earnings per share could
      vary from this guidance due to factors discussed under &#8220;Forward-Looking
      Statements&#8221; or other factors.
    </p>
    <p>
      The Company&#8217;s fiscal 2019 diluted earnings per share guidance is
      provided on a non-GAAP basis only. The Company does not provide a
      reconciliation of non-GAAP diluted EPS guidance to GAAP diluted EPS (the
      most directly comparable GAAP measure) on a forward-looking basis
      because the Company is unable to provide a meaningful or accurate
      compilation of reconciling items and certain information is not
      available. This is due to the inherent difficulty and complexity in
      accurately forecasting the timing and amounts of various items that
      would be excluded from GAAP diluted EPS, including, for example,
      acquisition costs and other non-recurring items that have not yet
      occurred, are out of the Company&#8217;s control or cannot be reasonably
      predicted. For the same reasons, the Company is unable to address the
      probable significance of unavailable information which may be material
      and therefore could result in GAAP diluted EPS, the corresponding GAAP
      financial measure, being materially less than projected non-GAAP diluted
      EPS.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-left: 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="height: 1.5pt; color: black">

        </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,
      non-GAAP diluted earnings per share, non-GAAP operating income (loss) by
      segment and non-GAAP operating margin, all of which are non-GAAP
      financial measures. The presentation of these non-GAAP figures for the
      three months ended September 30, 2017 and 2018 is provided to allow for
      the comparison of the underlying performance of the Company, net of
      restructuring and other charges (including certain legal costs),
      amortization of intangible assets acquired through business acquisitions
      and non-cash interest expense related to convertible debt, and their
      associated tax effects, and the impact of discrete income tax items.
      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
      (excluding amounts management does not view as reflective of ongoing
      operating results) for purposes of planning, forecasting and assessing
      the performance of the Company&#8217;s businesses, (iii) a meaningful
      comparison of results of the current period against results of past
      periods and (iv) financial results that are comparable to those of peer
      companies. Non-GAAP financial measures should not be assessed in
      isolation or as a substitute for measures of financial performance
      prepared in accordance with GAAP. These non-GAAP measures may not be the
      same as similar measures used by other companies due to possible
      differences in method and in the items or events for which adjustments
      are made.
    </p>
    <p>
      Reconciliations of GAAP to non-GAAP financial information are provided
      in the accompanying tables. The financial results calculated in
      accordance with GAAP and reconciliations from those financial results
      should be carefully evaluated.
    </p>
    <p>
      <b>Conference Call Information</b>
    </p>
    <p>
      The Company will host a conference call and simultaneous webcast
      beginning at 1:30 p.m. PT (4:30 p.m. ET) today to discuss its results
      for the first quarter of fiscal 2019. 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 November 9, 2018. The replay can either be
      accessed through the Company&#8217;s website, <u>www.osi-systems.com</u>,
      or by telephonic replay by calling 1-855-859-2056 and entering the
      conference call identification number &#8217;1893716&#8217; when prompted for the
      replay code.
    </p>
    <p>
      <b>About OSI Systems</b>
    </p>
    <p>
      OSI Systems is a vertically integrated designer and manufacturer of
      specialized electronic systems and components for critical applications
      in the homeland security, healthcare, defense and aerospace industries.
      The Company combines more than 40 years of electronics engineering and
      manufacturing experience with offices and production facilities in more
      than a dozen countries to implement a strategy of expansion into
      selective end-product markets. For more information on OSI Systems or
      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&#8217;s current expectations, beliefs and projections
      concerning matters that are not historical facts.</i> <i>Forward-looking
      statements are not guarantees of future performance and involve
      uncertainties, risks, assumptions, and contingencies, many of which are
      outside the Company&#8217;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, growth, and performance in fiscal 2019. 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; failure to secure the renewal of key customer 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 and budgetary,
      procurement and trade policies adverse to the Company&#8217;s businesses;
      global economic uncertainty; unfavorable currency exchange rate
      fluctuations;</i> <i>effect of changes in tax legislation;</i> <i>market
      acceptance of the Company&#8217;s new and existing technologies, products, and
      services; the Company&#8217;s ability to win new business and convert orders
      received to sales within the fiscal year; 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&#8217;s ongoing investigations and compliance
      reviews; contract and regulatory compliance matters, and actions, if
      brought, resulting in judgments, settlements, fines, injunctions,
      debarment, or penalties; and other risks and uncertainties, including,
      but not limited to, those detailed herein and from time to time in the
      Company&#8217;s Securities and Exchange Commission filings, which could have a
      material and adverse impact on the Company&#8217;s business, financial
      condition, and results of operations. For additional information on
      these and other factors that could cause the Company&#8217;s future results to
      differ materially from those in any forward-looking statements, see the
      section titled &quot;Risk Factors&quot; in the Company&#8217;s most recently filed
      Annual Report on Form 10-K and other risks described therein and in
      documents subsequently filed by the Company from time to time with the
      Securities and Exchange Commission. Undue reliance should not be placed
      on forward-looking statements, which 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="text-indent: 0pt; width: 100%; 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i><b>(in thousands, except per share data)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Three Months Ended</b><br><b>September 30,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <b>2017</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px">
          Products
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          165,653
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          182,480
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          91,480
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          83,769
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 30.0px">
          Total revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          257,133
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          266,249
        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px">
          Products
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          114,180
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          125,371
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          51,682
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          44,965
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 30.0px; padding-bottom: 2.0px">
          Total 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 valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          165,862
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          170,336
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          91,271
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          95,913
        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          55,647
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          61,707
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          15,100
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          13,753
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px">
          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 valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          1,130
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          4,196
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 30.0px; padding-bottom: 2.0px">
          Total operating expenses
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          71,877
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          79,656
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Income from operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          19,394
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          16,257
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Interest 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 valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          (4,249
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          (5,332
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Income before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          15,145
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          10,925
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          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 valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          (4,988
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          (1,523
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">
          Net income
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          10,157
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          9,402
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          0.52
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          0.50
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">
          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 valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          19,591
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          18,736
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>UNAUDITED SEGMENT INFORMATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i><b>(in thousands)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Three Months Ended </b><br><b>September 30,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <b>2017</b>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          <b>Revenues &#8211; by Segment:</b>
        </td>
        <td>

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

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

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

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          162,245
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          169,960
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          45,529
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          38,273
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          58,926
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          70,954
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          (9,567
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          )
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          (12,938
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 30.0px; padding-bottom: 4.0px">
          Total
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          257,133
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          266,249
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

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

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

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

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

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

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

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          22,693
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          23,050
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          847
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          (1,875
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Optoelectronics and Manufacturing division
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          5,175
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          6,825
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          (8,753
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          (11,351
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px">
          Intersegment eliminations
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          (568
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          )
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          (392
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 30.0px; padding-bottom: 4.0px">
          Total
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          19,394
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          16,257
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; 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="height: 1.5pt; color: black">

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

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <b>June 30, 2018</b>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <b>September 30, 2018</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          <b>Assets</b>
        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          84,814
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          86,411
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          210,744
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          222,170
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          313,552
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          343,974
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          41,587
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          49,468
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          650,697
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          702,023
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Property and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          115,524
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          119,764
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Goodwill
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          292,213
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          304,717
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Intangible assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          142,001
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          145,230
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Other non-current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          55,256
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          56,194
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px; padding-bottom: 4.0px">
          Total Assets
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          1,255,691
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          1,327,928
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

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

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

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

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          113,000
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          166,000
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Current portion of long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          2,262
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          2,326
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Accounts payable and accrued expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          194,815
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          204,947
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Other current liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          133,245
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          137,724
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          443,322
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          510,997
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          248,980
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          250,958
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          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 valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          73,953
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          78,671
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Total liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          766,255
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          840,626
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          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 valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          489,436
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          487,302
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 30.0px; padding-bottom: 4.0px">
          Total Liabilities and Stockholders&#8217; Equity
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          1,255,691
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          1,327,928
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="17" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>RECONCILIATION OF GAAP TO NON-GAAP</b>
        </td>
      </tr>
      <tr>
        <td colspan="17" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>NET INCOME AND EARNINGS PER SHARE</b>
        </td>
      </tr>
      <tr>
        <td colspan="17" valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i><b>(in thousands, except earnings per share data)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <b>Three Months Ended September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <b>2017</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="7" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          <b>Net income</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          <b>EPS</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          GAAP basis
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          10,157
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.52
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          9,402
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.50
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Restructuring and other charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          1,130
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.06
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          4,196
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.22
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Amortization of acquired intangible assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          3,542
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.18
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          4,168
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.22
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Non-cash interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          1,804
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.09
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          1,926
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.10
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Tax effect of above adjustments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          (1,831
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          (0.10
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          (0.15
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Impact from discrete income tax items
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          707
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          0.04
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          (1,542
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          )
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          (0.08
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">
          Non-GAAP basis
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          15,509
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          0.79
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          15,263
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          0.81
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td colspan="30">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="30" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>RECONCILIATION OF GAAP TO NON-GAAP</b>
        </td>
      </tr>
      <tr>
        <td colspan="30" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>OPERATING INCOME (LOSS) AND OPERATING MARGIN BY SEGMENT</b>
        </td>
      </tr>
      <tr>
        <td colspan="30" valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i><b>(in thousands, except percentages)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="30">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="30" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          <b>Three Months Ended September 30, 2017</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="5" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          Security Division
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="6" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          Healthcare Division
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="5" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          Optoelectronics and Manufacturing Division
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          Corporate / Elimination
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="5" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          Total
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

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

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt">
          % of Sales
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

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

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt">
          % of Sales
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt">
          % of Sales
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

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

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

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt">
          % of Sales
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          GAAP basis &#8211; operating income (loss)
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          22,693
        </td>
        <td valign="bottom" style="padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          14.0
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          847
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          1.9
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          5,175
        </td>
        <td valign="bottom" style="padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          8.8
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          (9,321
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td valign="bottom" style="padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          19,394
        </td>
        <td valign="bottom" style="padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          7.5
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Restructuring and other charges
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          310
        </td>
        <td valign="bottom" style="padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.2
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="padding-left: 0.0px">

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          820
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          1,130
        </td>
        <td valign="bottom" style="padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.5
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Amortization of acquired intangible assets
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          3,162
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          1.9
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          14
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px">

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

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          366
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          0.6
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px">

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

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          3,542
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          1.4
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">
          Non-GAAP basis&#8211; operating income (loss)
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          26,165
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          16.1
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          861
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          1.9
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          5,541
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          9.4
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          (8,501
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          )
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          24,066
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          9.4
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

        </td>
        <td colspan="2" valign="bottom" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

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

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

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

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

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

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

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

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

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

        </td>
      </tr>
      <tr>
        <td colspan="30" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          <b>Three Months Ended September 30, 2018</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

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

        </td>
        <td colspan="5" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          Security Division
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td colspan="6" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          Healthcare Division
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td colspan="5" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          Optoelectronics and Manufacturing Division
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          Corporate / Elimination
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td colspan="5" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; padding-left: 0.0px; border-bottom-width: 1.0pt">
          Total
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

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

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px">

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

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

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

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

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

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px">

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

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

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

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

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px">

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

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; border-bottom-width: 1.0pt">
          % of Sales
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          GAAP basis &#8211; operating income (loss)
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          23,050
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          13.6
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          (1,875
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          -4.9
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          6,825
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          9.6
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          (11,743
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          16,257
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          6.1
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Restructuring and other charges, net
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          46
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          191
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          0.5
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            374
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            0.6
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            %
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          3,585
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          4,196
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          1.6
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Amortization of acquired intangible assets
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          3,099
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          1.8
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

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

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

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          1,069
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          1.5
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

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

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          4,168
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          1.5
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">
          Non-GAAP basis&#8211; operating income (loss)
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          26,195
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          15.4
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          (1,684
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          )
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          -4.4
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          %
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          8,268
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            11.7
          </p>
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          <p style="margin-top: 0px; margin-bottom: 0px">
            %
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          (8,158
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          )
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          24,621
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">

        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: right; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          9.2
        </td>
        <td valign="bottom" style="border-bottom-style: double; border-bottom-color: black; text-align: left; padding-left: 0.0px; padding-right: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

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