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Segment Information
 9 Months Ended
Mar. 31, 2023
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 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 for 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

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Nine Months Ended

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March 31, 

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March 31, 

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2022

    

2023

    

2022

    

2023

Revenues (1)—by Segment:

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​

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Security division

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$

158,644

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$

178,752

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$

454,079

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$

491,188

Healthcare division

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​

52,178

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​

43,911

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​

155,191

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​

130,994

Optoelectronics and Manufacturing division, including intersegment revenues

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​

92,122

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​

93,888

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​

275,917

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​

286,513

Intersegment revenues elimination

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​

(12,467)

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​

(13,662)

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​

(38,772)

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​

(42,138)

Total

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$

290,477

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$

302,889

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$

846,415

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$

866,557

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Income (loss) from operations —by Segment:

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Security division

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$

20,559

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$

29,496

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$

60,323

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$

66,014

Healthcare division

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​

7,480

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​

1,787

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​

20,430

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​

4,819

Optoelectronics and Manufacturing division

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​

11,177

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12,493

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34,342

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35,963

Corporate

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(10,729)

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(10,148)

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(32,855)

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(29,572)

Intersegment eliminations

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(61)

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​

709

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(48)

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​

904

Total

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$

28,426

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$

34,337

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$

82,192

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$

78,128

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​

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​

​

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June 30, 

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March 31, 

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2022

    

2023

Assets (2)—by Segment:

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Security division

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$

839,769

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$

877,618

Healthcare division

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231,423

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244,825

Optoelectronics and Manufacturing division

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301,483

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310,851

Corporate

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104,834

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94,428

Eliminations (3)

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(34,359)

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(44,419)

Total

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$

1,443,150

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$

1,483,303

(1)For the three-month period ended March 31, 2022 and the nine-month periods ended March 31, 2022 and 2023, no customer accounted for greater than 10% of total net revenues. For the three-month period ended March 31, 2023, one customer accounted for 13% of total net revenues.
(2)As of June 30, 2022 and March 31, 2023, 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.

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