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SEGMENT INFORMATION

12 Months Ended

Jun. 30, 2023

SEGMENT INFORMATION

SEGMENT INFORMATION

14.         SEGMENT INFORMATION

We have determined that we operate in three identifiable industry segments: (a) security and inspection systems (Security division), (b) medical monitoring 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, Summary of Significant Accounting Policies.

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2021

​

​

​

​

​

​

​

​

Optoelectronics

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

and

​

​

​

​

​

​

​

​

​

​

​

Security

​

Healthcare

​

Manufacturing

​

​

​

​

​

​

​

​

​

​

Division

Division

Division

Corporate

Eliminations

Consolidated

Revenues:

​

​

​

​

​

​

​

​

​

​

​

​

External customer revenue

​

$

633,340

​

$

212,315

​

$

301,247

​

$

—

​

$

—

​

$

1,146,902

Revenue between product segments

​

—

​

—

​

48,640

​

—

​

(48,640)

​

—

Total revenues

​

$

633,340

​

$

212,315

​

$

349,887

​

$

—

​

(48,640)

​

$

1,146,902

Income (loss) from operations

​

$

85,515

​

$

31,563

​

$

38,465

​

$

(39,769)

​

$

(403)

​

$

115,371

Segments assets

​

$

798,192

​

$

220,411

​

$

282,039

​

$

121,293

​

$

(37,568)

​

$

1,384,367

Capital expenditures

​

$

3,290

​

$

2,144

​

$

6,714

​

$

3,612

​

$

—

​

$

15,760

Depreciation and amortization

​

$

26,572

​

$

5,364

​

$

9,325

​

$

2,594

​

$

—

​

$

43,855

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2022

​

​

​

​

​

​

​

​

Optoelectronics

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

and

​

​

​

​

​

​

​

​

​

​

​

Security

​

Healthcare

​

Manufacturing

​

​

​

​

​

​

​

​

​

​

Division

Division

Division

Corporate

Eliminations

Consolidated

Revenues:

​

​

​

​

​

​

​

​

​

​

​

​

External customer revenue

​

$

663,159

​

$

205,658

​

$

314,419

​

$

—

​

$

—

​

$

1,183,236

Revenue between product segments

​

—

​

—

​

52,242

​

—

​

(52,242)

​

—

Total revenues

​

$

663,159

​

$

205,658

​

$

366,661

​

$

—

​

(52,242)

​

$

1,183,236

Income (loss) from operations

​

$

98,784

​

$

24,696

​

$

45,030

​

$

(46,950)

​

$

189

​

$

121,749

Segments assets

​

$

839,769

​

$

231,423

​

$

301,483

​

$

104,834

​

$

(34,359)

​

$

1,443,150

Capital expenditures

​

$

5,513

​

$

2,295

​

$

4,533

​

$

2,580

​

$

—

​

$

14,921

Depreciation and amortization

​

$

22,970

​

$

5,915

​

$

8,098

​

$

1,696

​

$

—

​

$

38,679

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2023

​

​

​

​

​

​

​

​

Optoelectronics

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

and

​

​

​

​

​

​

​

​

​

​

​

Security

​

Healthcare

​

Manufacturing

​

​

​

​

​

​

​

​

​

​

Division

Division

Division

Corporate

Eliminations

Consolidated

Revenues:

​

​

​

​

​

​

​

​

​

​

​

​

External customer revenue

​

$

760,291

​

$

190,488

​

$

327,648

​

$

—

​

$

—

​

$

1,278,427

Revenue between product segments

​

—

​

—

​

59,783

​

—

​

(59,783)

​

—

Total revenues

​

$

760,291

​

$

190,488

​

$

387,431

​

$

—

​

$

(59,783)

​

$

1,278,427

Income (loss) from operations

​

$

115,023

​

$

11,365

​

$

46,680

​

$

(39,075)

​

$

1,286

​

$

135,279

Segments assets

​

$

948,126

​

$

245,856

​

$

310,930

​

$

94,678

​

$

(43,904)

​

$

1,555,686

Capital expenditures

​

$

3,689

​

$

2,726

​

$

7,390

​

$

1,968

​

$

38

​

$

15,811

Depreciation and amortization

​

$

23,504

​

$

5,757

​

$

7,582

​

$

1,670

​

$

—

​

$

38,513

​

The following tables present the revenues and identifiable assets by geographical area (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2021

​

​

External

​

Intersegment

​

Total

​

Long-lived

​

Long-lived

​

revenues

revenues

Consolidated

tangible assets

assets

Geographic region:

​

​

​

​

​

​

​

​

​

​

United States

​

$

589,579

​

$

17,498

​

$

607,077

​

$

126,100

​

$

493,423

Mexico

​

10,583

​

—

​

10,583

​

2,379

​

2,379

Other Americas

​

66,732

​

—

​

66,732

​

8,055

​

29,960

Total Americas

​

666,894

​

17,498

​

684,392

​

136,534

​

​

525,762

United Kingdom

​

221,423

​

874

​

222,297

​

25,183

​

​

80,348

Other Europe, Middle East and Africa

​

29,879

​

—

​

29,879

​

8,389

​

​

8,389

Total EMEA

​

251,302

​

874

​

252,176

​

33,572

​

​

88,737

Asia-Pacific

​

228,706

​

30,268

​

258,974

​

29,346

​

​

32,865

Eliminations

​

—

​

(48,640)

​

(48,640)

​

—

​

—

Total

​

$

1,146,902

​

$

—

​

$

1,146,902

​

$

199,452

​

$

647,364

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2022

​

​

External

​

Intersegment

​

Total

​

Long-lived

​

Long-lived

​

revenues

revenues

Consolidated

tangible assets

assets

Geographic region:

​

​

​

​

​

​

​

​

​

​

United States

​

$

569,601

​

$

16,322

​

$

585,923

​

$

117,622

​

$

514,489

Mexico

​

8,109

​

—

​

8,109

​

261

​

261

Other Americas

​

47,737

​

—

​

47,737

​

8,091

​

27,676

Total Americas

​

625,447

​

16,322

​

641,769

​

125,974

​

​

542,426

United Kingdom

​

276,658

​

2,887

​

279,545

​

27,749

​

​

80,758

Other Europe, Middle East and Africa

​

52,952

​

—

​

52,952

​

4,837

​

​

6,776

Total EMEA

​

329,610

​

2,887

​

332,497

​

32,586

​

​

87,534

Asia-Pacific

​

228,179

​

33,002

​

261,181

​

20,589

​

​

23,916

Eliminations

​

—

​

(52,211)

​

(52,211)

​

—

​

—

Total

​

$

1,183,236

​

$

—

​

$

1,183,236

​

$

179,149

​

$

653,876

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2023

​

​

External

​

Intersegment

​

Total

​

Long-lived

​

Long-lived

​

revenues

revenues

Consolidated

tangible assets

Assets

Geographic region:

​

​

​

​

​

​

​

​

​

​

United States

​

$

653,127

​

$

17,461

​

$

670,588

​

$

126,388

​

$

534,417

Mexico

​

23,467

​

—

​

23,467

​

609

​

609

Other Americas

​

63,416

​

—

​

63,416

​

8,050

​

25,844

Total Americas

​

740,010

​

17,461

​

757,471

​

135,047

​

​

560,870

United Kingdom

​

280,268

​

5,835

​

286,103

​

27,952

​

​

87,289

Other Europe, Middle East and Africa

​

44,498

​

—

​

44,498

​

4,233

​

​

6,198

Total EMEA

​

324,766

​

5,835

​

330,601

​

32,185

​

​

93,487

Asia-Pacific

​

213,651

​

36,487

​

250,138

​

21,478

​

​

24,715

Eliminations

​

—

​

(59,783)

​

(59,783)

​

—

​

—

Total

​

$

1,278,427

​

$

—

​

$

1,278,427

​

$

188,710

​

$

679,072

​

Pursuant to ASC 280 Segment Reporting, external revenues are attributed to individual countries based upon the location of our selling entity.

* * * * * *

X

- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

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