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Segment Information
 6 Months Ended
Dec. 31, 2021
Segment Information  
Segment Information

11. 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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2020

    

2021

    

2020

    

2021

Revenues (1) —by Segment:

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​

​

​

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​

​

​

​

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Security division

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$

145,236

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$

145,918

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$

280,011

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$

295,435

Healthcare division

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​

54,895

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​

52,425

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106,398

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103,013

Optoelectronics and Manufacturing division, including intersegment revenues

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​

87,521

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​

91,490

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167,435

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183,795

Intersegment revenues elimination

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​

(11,643)

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​

(13,152)

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(22,927)

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(26,305)

Total

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$

276,009

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$

276,681

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$

530,917

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$

555,938

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​

​

​

​

​

​

​

​

​

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Income (loss) from operations —by Segment:

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Security division

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$

19,776

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$

18,171

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$

28,682

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$

39,764

Healthcare division

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​

9,323

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​

7,030

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18,307

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12,950

Optoelectronics and Manufacturing division

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​

10,414

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​

13,382

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19,154

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23,165

Corporate

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(7,361)

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(9,663)

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(16,817)

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(22,126)

Intersegment eliminations

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​

206

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​

166

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(275)

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13

Total

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$

32,358

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$

29,086

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$

49,051

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$

53,766

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​

​

​

​

​

​

​

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June 30, 

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December 31, 

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2021

    

2021

Assets (2) —by Segment:

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Security division

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$

798,192

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$

813,139

Healthcare division

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220,411

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228,449

Optoelectronics and Manufacturing division

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282,039

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295,281

Corporate

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121,293

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142,321

Eliminations (3)

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(37,568)

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(36,084)

Total

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$

1,384,367

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$

1,443,106

(1)For each of the three and six month periods ended December 31, 2020 and December 31, 2021, no customer accounted for greater than 10% of total net revenues.
(2)As of June 30, 2021 and December 31, 2021, no customer accounted for greater than 10% of accounts receivable.
(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.