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SEGMENT INFORMATION
 12 Months Ended
Jun. 30, 2025
SEGMENT INFORMATION  
SEGMENT INFORMATION

14.SEGMENT INFORMATION

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). Factors used to identify our reportable segments primarily reflect our organizational and management structure around differences in products and industry markets. 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. We disclose segment income (loss) from operations as our measure of segment profit/loss, reconciled to consolidated income (loss) from operations. The measure of segment income (loss) from operations excludes restructuring and other charges presented below which are presented to reconcile to consolidated income from operations. Segment assets represent total current and noncurrent assets for each reportable segment. Business segment disclosures consider information used by/provided to our chief operating decision maker (“CODM”). Our Chief Executive Officer serves as the CODM. The CODM uses segment assets and segment income (loss) from operations, as well as the expenses within each segment including cost of sales, selling, general and administrative expenses and research and development expenses, to allocate resources to segments in the budgeting and forecasting process along with periodic ongoing reviews of results and overall activity in the markets where each segment operates.

The following tables present our results of operations and identifiable assets by our three industry segments, along with amounts for Corporate/Eliminations, which are reconciled to consolidated amounts (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2023

​

​

​

​

​

Optoelectronics

​

​

​

​

​

​

​

​

​

​

​

​

​

​

and

​

​

​

​

​

​

​

​

​

​

​

Security

​

Manufacturing

​

Healthcare

​

Corporate/

​

​

​

​

    

Division

    

Division

    

Division

    

Eliminations

    

Consolidated

Revenues:

​

​

    

​

​

    

​

​

    

​

​

    

​

​

    

External customer revenue

​

$

760,291

​

$

327,648

​

$

190,488

​

$

—

​

$

1,278,427

Revenue between product segments

​

​

—

​

​

59,783

​

​

—

​

​

(59,783)

​

​

—

Total revenues

​

​

760,291

​

​

387,431

​

​

190,488

​

​

(59,783)

​

​

1,278,427

Cost of goods sold

​

​

511,840

​

​

299,457

​

​

97,030

​

​

(60,410)

​

​

847,917

Selling, general and administrative expenses

​

​

94,378

​

​

33,325

​

​

62,461

​

​

38,149

​

​

228,313

Research and development expenses

​

​

37,335

​

​

5,462

​

​

16,555

​

​

—

​

​

59,352

Segment income (loss) from operations

​

​

116,738

​

​

49,187

​

​

14,442

​

​

(37,522)

​

​

142,845

Restructuring and other charges

​

​

1,715

​

​

2,507

​

​

3,077

​

​

267

​

​

7,566

Income (loss) from operations

​

$

115,023

​

$

46,680

​

$

11,365

​

$

(37,789)

​

$

135,279

Segment assets

​

$

948,126

​

$

310,930

​

$

245,856

​

$

50,774

​

$

1,555,686

Capital expenditures

​

$

3,689

​

$

7,390

​

$

2,726

​

$

2,006

​

$

15,811

Depreciation and amortization

​

$

23,504

​

$

7,582

​

$

5,757

​

$

1,670

​

$

38,513

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2024

​

​

​

​

​

Optoelectronics

​

​

​

​

​

​

​

​

​

​

​

​

​

​

and

​

​

​

​

​

​

​

​

​

​

​

Security

​

Manufacturing

​

Healthcare

​

Corporate/

​

​

​

​

    

Division

    

Division

    

Division

    

Eliminations

    

Consolidated

Revenues:

​

​

    

​

​

    

​

​

    

​

​

    

​

​

    

External customer revenue

​

$

1,043,073

​

$

324,250

​

$

171,435

​

$

—

​

$

1,538,758

Revenue between product segments

​

 

—

​

​

60,018

​

​

—

​

​

(60,018)

​

​

—

Total revenues

​

​

1,043,073

​

​

384,268

​

​

171,435

​

​

(60,018)

​

​

1,538,758

Cost of goods sold

​

​

681,531

​

​

299,147

​

​

86,917

​

​

(59,295)

​

​

1,008,300

Selling, general and administrative expenses

​

​

134,401

​

​

33,608

​

​

60,767

​

​

40,955

​

​

269,731

Research and development expenses

​

​

43,196

​

​

5,151

​

​

16,928

​

​

—

​

​

65,275

Segment income (loss) from operations

​

​

183,945

​

​

46,362

​

​

6,823

​

​

(41,678)

​

​

195,452

Restructuring and other charges

​

​

675

​

​

3,548

​

​

810

​

​

1,358

​

​

6,391

Income (loss) from operations

​

$

183,270

​

$

42,814

​

$

6,013

​

$

(43,036)

​

$

189,061

Segment assets

​

$

1,333,259

​

$

288,629

​

$

255,093

​

$

59,027

​

$

1,936,008

Capital expenditures

​

$

11,997

​

$

4,007

​

$

3,219

​

$

2,879

​

$

22,102

Depreciation and amortization

​

$

25,831

​

$

9,040

​

$

5,794

​

$

1,544

​

$

42,209

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2025

​

​

​

​

​

Optoelectronics

​

​

​

​

​

​

​

​

​

​

​

​

​

​

and

​

​

​

​

​

​

​

​

​

​

​

Security

​

Manufacturing

​

Healthcare

​

Corporate/

​

​

​

​

    

Division

    

Division

    

Division

    

Eliminations

    

Consolidated

Revenues:

​

​

    

​

​

    

​

​

    

​

​

    

​

​

    

External customer revenue

​

$

1,196,180

​

$

348,624

​

$

168,362

​

$

—

​

$

1,713,166

Revenue between product segments

​

 

—

​

​

63,441

​

​

—

​

​

(63,441)

​

​

—

Total revenues

​

​

1,196,180

​

​

412,065

​

​

168,362

​

​

(63,441)

​

​

1,713,166

Cost of goods sold

​

​

780,378

​

​

321,397

​

​

86,534

​

​

(62,325)

​

​

1,125,984

Selling, general and administrative expenses

​

​

157,873

​

​

33,409

​

​

59,871

​

​

39,726

​

​

290,879

Research and development expenses

​

​

51,095

​

​

5,100

​

​

17,249

​

​

—

​

​

73,444

Segment income (loss) from operations

​

​

206,834

​

​

52,159

​

​

4,708

​

​

(40,842)

​

​

222,859

Restructuring and other charges

​

​

1,882

​

​

619

​

​

2,246

​

​

588

​

​

5,335

Income (loss) from operations

​

$

204,952

​

$

51,540

​

$

2,462

​

$

(41,430)

​

$

217,524

Segment assets

​

$

1,608,985

​

$

300,405

​

$

270,428

​

$

61,439

​

$

2,241,257

Capital expenditures

​

$

13,933

​

$

5,000

​

$

1,448

​

$

3,451

​

$

23,832

Depreciation and amortization

​

$

29,579

​

$

7,176

​

$

5,163

​

$

1,662

​

$

43,580

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2024

​

​

External

​

Intersegment

​

Total

​

Long-lived

​

Long-lived

​

    

revenues

    

revenues

    

Consolidated

    

tangible assets

    

assets

Geographic region:

​

​

    

​

​

    

​

​

    

​

​

    

​

​

    

United States

​

$

527,120

​

$

23,316

​

$

550,436

​

$

127,682

​

$

535,225

Mexico

​

 

423,185

​

​

—

​

​

423,185

​

​

3,312

​

​

4,407

Other Americas

​

 

61,583

​

​

—

​

​

61,583

​

​

6,600

​

​

22,465

Total Americas

​

 

1,011,888

​

​

23,316

​

​

1,035,204

​

​

137,594

​

​

562,097

United Kingdom

​

 

234,858

​

​

11,083

​

​

245,941

​

​

26,506

​

​

82,690

Other Europe, Middle East and Africa

​

 

49,972

​

​

—

​

​

49,972

​

​

4,256

​

​

11,381

Total EMEA

​

 

284,830

​

​

11,083

​

​

295,913

​

​

30,762

​

​

94,071

Asia-Pacific

​

 

242,040

​

​

25,619

​

​

267,659

​

​

17,524

​

​

20,721

Eliminations

​

 

—

​

​

(60,018)

​

​

(60,018)

​

​

—

​

​

—

Total

​

$

1,538,758

​

$

—

​

$

1,538,758

​

$

185,880

​

$

676,889

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal 2025

​

​

External

​

Intersegment

​

Total

​

Long-lived

​

Long-lived

​

    

revenues

    

revenues

    

Consolidated

    

tangible assets

    

assets

Geographic region:

​

​

    

​

​

    

​

​

    

​

​

    

​

​

    

United States

​

$

563,037

​

$

26,562

​

$

589,599

​

$

128,061

​

$

539,052

Mexico

​

​

276,324

​

​

—

​

​

276,324

​

​

3,276

​

​

4,262

Other Americas

​

​

155,075

​

​

6

​

​

155,081

​

​

22,924

​

​

112,108

Total Americas

​

​

994,436

​

​

26,568

​

​

1,021,004

​

​

154,261

​

​

655,422

United Kingdom

​

​

372,959

​

​

9,475

​

​

382,434

​

​

28,626

​

​

88,101

Other Europe, Middle East and Africa

​

​

50,030

​

​

—

​

​

50,030

​

​

3,561

​

​

10,449

Total EMEA

​

​

422,989

​

​

9,475

​

​

432,464

​

​

32,187

​

​

98,550

Asia-Pacific

​

​

295,741

​

​

27,398

​

​

323,139

​

​

15,040

​

​

18,199

Eliminations

​

​

—

​

​

(63,441)

​

​

(63,441)

​

​

—

​

​

—

Total

​

$

1,713,166

​

$

—

​

$

1,713,166

​

$

201,488

​

$

772,171

​

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