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Segment Information
 6 Months Ended
Dec. 31, 2020
Segment Information  
Segment Information

12. Segment Information

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We have determined that we operate in three identifiable industry segments: (a) security and inspection systems (Security division), (b) medical monitoring and diagnostic cardiology systems (Healthcare division) and (c) optoelectronic devices and manufacturing (Optoelectronics and Manufacturing division). We also have a corporate segment (Corporate) that includes executive compensation and certain other general and administrative expenses; expenses related to stock issuances and legal, audit and other professional service fees not allocated to industry segments. Both the Security and Healthcare divisions comprise primarily end-product businesses, whereas the Optoelectronics and Manufacturing division primarily supplies components and subsystems to external OEM customers, as well as to the Security and Healthcare divisions. Sales between divisions are at transfer prices that approximate market values. All other accounting policies of the segments are the same as described in Note 1, Basis of Presentation.

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

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Three Months Ended December 31, 

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Six Months Ended December 31, 

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2019

    

2020

    

2019

    

2020

Revenues (1) —by Segment:

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​

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​

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Security division

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$

202,437

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$

145,236

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$

391,401

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$

280,011

Healthcare division

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​

41,992

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​

54,895

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82,200

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106,398

Optoelectronics and Manufacturing division, including intersegment revenues

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​

72,806

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87,521

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146,444

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167,435

Intersegment revenues elimination

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(11,893)

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​

(11,643)

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(23,851)

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(22,927)

Total

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$

305,342

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$

276,009

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$

596,194

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$

530,917

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Income (loss) from operations —by Segment:

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Security division

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$

28,562

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$

19,776

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$

48,880

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$

28,682

Healthcare division

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​

1,294

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​

9,323

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4,111

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18,307

Optoelectronics and Manufacturing division

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​

9,018

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10,414

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17,787

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19,154

Corporate

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(6,080)

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(7,361)

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(13,417)

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(16,817)

Intersegment eliminations

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​

125

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​

206

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445

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(275)

Total

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$

32,919

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$

32,358

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$

57,806

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$

49,051

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​

​

​

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June 30, 

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December 31, 

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2020

    

2020

Assets (2) —by Segment:

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Security division

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$

758,054

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$

756,457

Healthcare division

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208,857

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211,264

Optoelectronics and Manufacturing division

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232,408

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257,142

Corporate

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109,178

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114,816

Eliminations (3)

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(39,956)

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(38,876)

Total

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$

1,268,541

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$

1,300,803

(1)For each of the three and six month periods ended December 31, 2019 and December 31, 2020, no customer accounted for greater than 10% of total net revenues.
(2)One customer accounted for 13% of accounts receivable, net as of June 30, 2020. No customer accounted for more than 10% of accounts receivable, net as of December 31, 2020.
(3)Eliminations in assets reflect the amount of inter-segment profits in inventory and inter-segment ROU assets under ASC 842 as of the balance sheet date. Such inter-segment profit will be realized when inventory is shipped to the external customers of the Security and Healthcare divisions.