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Segment Information
 9 Months Ended
Mar. 31, 2021
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 March 31, 

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Nine Months Ended March 31, 

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2020

    

2021

    

2020

    

2021

Revenues (1) —by Segment:

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​

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Security division

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$

187,076

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$

151,409

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$

578,477

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$

431,420

Healthcare division

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​

45,662

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​

54,023

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127,862

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160,421

Optoelectronics and Manufacturing division, including intersegment revenues

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​

70,240

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90,278

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216,684

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257,713

Intersegment revenues elimination

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​

(10,095)

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​

(11,923)

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(33,946)

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(34,850)

Total

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$

292,883

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$

283,787

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$

889,077

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$

814,704

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Income (loss) from operations —by Segment:

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Security division

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$

24,525

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$

23,969

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$

73,405

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$

52,651

Healthcare division

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​

1,682

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​

7,333

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5,793

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25,640

Optoelectronics and Manufacturing division

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​

7,309

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​

10,484

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25,096

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29,638

Corporate

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(10,161)

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(9,078)

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(23,578)

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(25,895)

Intersegment eliminations

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​

270

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(242)

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715

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(517)

Total

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$

23,625

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$

32,466

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$

81,431

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$

81,517

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​

​

​

​

​

​

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June 30, 

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March 31, 

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2020

    

2021

Assets (2) —by Segment:

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Security division

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$

758,054

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$

751,008

Healthcare division

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208,857

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211,226

Optoelectronics and Manufacturing division

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232,408

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275,976

Corporate

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109,178

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126,157

Eliminations (3)

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(39,956)

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(38,407)

Total

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$

1,268,541

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$

1,325,960

(1)For each of the three and nine month periods ended March 31, 2020 and March 31, 2021, 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. A different customer accounted for 10% of accounts receivable, net as of March 31, 2021.
(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.