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Segment Information
 6 Months Ended
Dec. 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) optoelectronic devices and manufacturing (Optoelectronics and Manufacturing division) and (c) medical monitoring systems (Healthcare 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.

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

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Three Months Ended

​

Six Months Ended

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​

December 31, 

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December 31, 

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2022

    

2023

    

2022

    

2023

Revenues (1) —by Segment:

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​

​

​

​

​

​

​

​

​

​

​

Security division

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$

167,444

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$

249,975

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$

312,436

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$

414,604

Optoelectronics and Manufacturing division, including intersegment revenues

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​

98,709

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​

98,097

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​

192,625

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​

194,225

Healthcare division

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​

43,520

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​

41,850

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​

87,083

​

​

79,637

Intersegment revenues elimination

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​

(14,076)

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​

(16,687)

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​

(28,476)

​

​

(36,021)

Total

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$

295,597

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$

373,235

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$

563,668

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$

652,445

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​

​

​

​

​

​

​

​

​

​

​

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Income (loss) from operations —by Segment:

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Security division

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$

21,593

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$

51,856

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$

36,518

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$

72,465

Optoelectronics and Manufacturing division

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​

12,212

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​

11,621

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​

23,470

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​

23,058

Healthcare division

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​

1,404

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​

429

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​

3,032

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​

593

Corporate

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​

(9,276)

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​

(11,183)

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​

(19,424)

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​

(21,099)

Intersegment eliminations

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​

(442)

​

​

(402)

​

​

195

​

​

(137)

Total

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$

25,491

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$

52,321

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$

43,791

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$

74,880

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​

​

​

​

​

​

​

​

​

June 30, 

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December 31, 

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2023

    

2023

Assets (2) —by Segment:

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​

​

​

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Security division

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$

948,126

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$

1,118,783

Optoelectronics and Manufacturing division

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310,930

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​

243,887

Healthcare division

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​

245,856

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​

302,479

Corporate

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94,678

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​

108,321

Eliminations (3)

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(43,904)

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​

(46,993)

Total

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$

1,555,686

​

$

1,726,477

(1)For the three and six month periods ended December 31, 2022, no customer accounted for greater than 10% of total net revenues. For the three and six month periods ended December 31, 2023, one customer in the Security division accounted for 18% and 14%, respectively, of total net revenues.
(2)As of June 30, 2023, no customer accounted for greater than 10% of accounts receivable. As of December 31, 2023, one customer in the Security division accounted for 12% 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.