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Segment Information | 3 Months Ended
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Sep. 30, 2025
Segment Information |
Segment Information | 12. 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). 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. 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. 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 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): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2024
​ | ​ | ​ | ​ | ​ | Optoelectronics | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | and | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Security | ​ | Manufacturing | ​ | Healthcare | ​ | Corporate/ | ​ | ​ | ​
​ |  | Division |  | Division |  | Division |  | Eliminations |  | Consolidated
Revenues (1): | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​
External customer revenue | ​ | $ | 224,314 | ​ | $ | 82,591 | ​ | $ | 37,102 | ​ | $ | — | ​ | $ | 344,007
Revenue between segments | ​ |  | — | ​ |  | 15,204 | ​ |  | — | ​ |  | (15,204) | ​ |  | —
Total revenues | ​ |  | 224,314 | ​ |  | 97,795 | ​ |  | 37,102 | ​ |  | (15,204) | ​ |  | 344,007
Cost of goods sold | ​ |  | 142,300 | ​ |  | 76,739 | ​ |  | 18,243 | ​ |  | (14,777) | ​ |  | 222,505
Selling, general and administrative expenses | ​ |  | 40,414 | ​ |  | 8,606 | ​ |  | 13,693 | ​ |  | 9,510 | ​ |  | 72,223
Research and development expenses | ​ |  | 12,265 | ​ |  | 1,294 | ​ |  | 4,214 | ​ |  | — | ​ |  | 17,773
Segment income (loss) from operations | ​ |  | 29,335 | ​ |  | 11,156 | ​ |  | 952 | ​ |  | (9,937) | ​ |  | 31,506
Restructuring and other charges | ​ |  | 479 | ​ |  | 547 | ​ |  | 152 | ​ |  | — | ​ |  | 1,178
Income (loss) from operations | ​ | $ | 28,856 | ​ | $ | 10,609 | ​ | $ | 800 | ​ | $ | (9,937) | ​ | $ | 30,328
Capital expenditures | ​ | $ | 5,470 | ​ | $ | 1,056 | ​ | $ | 383 | ​ | $ | 796 | ​ | $ | 7,705
Depreciation and amortization | ​ | $ | 7,835 | ​ | $ | 1,945 | ​ | $ | 1,270 | ​ | $ | 400 | ​ | $ | 11,450
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2025
​ | ​ | ​ | ​ | ​ | Optoelectronics | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | and | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Security | ​ | Manufacturing | ​ | Healthcare | ​ | Corporate/ | ​ | ​ | ​
​ |  | Division |  | Division |  | Division |  | Eliminations |  | Consolidated
Revenues (1): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
External customer revenue | ​ | $ | 254,248 | ​ | $ | 89,632 | ​ | $ | 40,743 | ​ | $ | — | ​ | $ | 384,623
Revenue between segments | ​ |  | — | ​ |  | 19,829 | ​ |  | — | ​ |  | (19,829) | ​ |  | —
Total revenues | ​ |  | 254,248 | ​ |  | 109,461 | ​ |  | 40,743 | ​ |  | (19,829) | ​ |  | 384,623
Cost of goods sold | ​ |  | 173,345 | ​ |  | 86,514 | ​ |  | 20,143 | ​ |  | (18,564) | ​ |  | 261,438
Selling, general and administrative expenses | ​ |  | 36,109 | ​ |  | 8,957 | ​ |  | 13,060 | ​ |  | 8,829 | ​ |  | 66,955
Research and development expenses | ​ |  | 13,828 | ​ |  | 1,237 | ​ |  | 5,362 | ​ |  | — | ​ |  | 20,427
Segment income (loss) from operations | ​ |  | 30,966 | ​ |  | 12,753 | ​ |  | 2,178 | ​ |  | (10,094) | ​ |  | 35,803
Restructuring and other charges | ​ |  | 2,357 | ​ |  | 27 | ​ |  | 332 | ​ |  | 14 | ​ |  | 2,730
Income (loss) from operations | ​ | $ | 28,609 | ​ | $ | 12,726 | ​ | $ | 1,846 | ​ | $ | (10,108) | ​ | $ | 33,073
Capital expenditures | ​ | $ | 3,562 | ​ | $ | 1,595 | ​ | $ | 1,207 | ​ | $ | 664 | ​ | $ | 7,028
Depreciation and amortization | ​ | $ | 6,927 | ​ | $ | 1,681 | ​ | $ | 1,167 | ​ | $ | 485 | ​ | $ | 10,260
(1) | For the three months ended September 30, 2024, one Security division customer accounted for 14% of consolidated net revenues. For the three months ended September 30, 2025, no customer accounted for 10% or more of the Company’s consolidated net revenues.
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | September 30,
​ |  | 2025 |  | 2025
Assets (1) —by Segment: | ​ | ​ | ​ | ​ | ​ | ​
Security division | ​ | $ | 1,608,985 | ​ | $ | 1,637,446
Optoelectronics and Manufacturing division | ​ |  | 300,405 | ​ | ​ | 290,831
Healthcare division | ​ | ​ | 270,428 | ​ | ​ | 270,883
Corporate/Eliminations (2) | ​ |  | 61,439 | ​ | ​ | 99,996
Total | ​ | $ | 2,241,257 | ​ | $ | 2,299,156
(1)As of June 30, 2025 and September 30, 2025, one customer in the Security division accounted for 42% and 44% of accounts receivable, net, respectively. (2)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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- Definition The entire disclosure for reporting segments including data and tables. 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