XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment and Related Information | 12 Months Ended
--- | ---
Jun. 30, 2016
Segment Reporting [Abstract] |
Segment and Related Information |
15. | SEGMENT AND RELATED INFORMATION
The Company’s business units have been changed to align with how its Chief Operating Decision Maker (“CODM”) reviews performance and makes decisions in managing the Company. The business units were historically comprised of three reportable segments: (i) research, (ii) molecular diagnostics and (iii) pharmaceutical and clinical services. Beginning in fiscal 2015 the business units have been aggregated into two reportable segments: (i) diagnostics and (ii) other, which was formerly the research and pharmaceutical and clinical services segments. The diagnostics segment primarily provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to ensure optimal treatment, or assess a patient’s risk of disease progression and disease recurrence. The other segment provides testing products and services to the pharmaceutical, biotechnology and medical research industries, research and development, and clinical services for patients, and includes corporate services such as finance, human resources, legal and information technology. Prior periods presented have been recast to conform to the current presentation. The accounting policies of the segments are the same as those described in the summary of significant accounting policies (Note 1). The Company evaluates segment performance based on income (loss) before interest income and other income and expense.
|  | Diagnostics |  |  | Other |  |  | Total |
Year ended June 30, 2016: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 705.7 |  |  | $ | 48.1 |  |  | $ | 753.8 |
Depreciation and amortization |  |  | 21.5 |  |  |  | 5.2 |  |  |  | 26.7 |
Segment operating income (loss) |  |  | 239.3 |  |  |  | (72.5 | ) |  |  | 166.8 |
Year ended June 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 695.5 |  |  | $ | 27.6 |  |  | $ | 723.1 |
Depreciation and amortization |  |  | 20.5 |  |  |  | 4.5 |  |  |  | 25.0 |
Segment operating income (loss) |  |  | 217.1 |  |  |  | (82.9 | ) |  |  | 134.2 |
Year ended June 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 748.2 |  |  | $ | 30.0 |  |  | $ | 778.2 |
Depreciation and amortization |  |  | 9.9 |  |  |  | 3.9 |  |  |  | 13.8 |
Segment operating income (loss) |  |  | 338.0 |  |  |  | (63.6 | ) |  |  | 274.4 |
|  | Years Ended June 30, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Total operating income for reportable segments |  | $ | 166.8 |  |  | $ | 134.2 |  |  | $ | 274.4 |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 0.9 |  |  |  | 0.4 |  |  |  | 5.4 |
Other |  |  | 1.2 |  |  |  | 0.3 |  |  |  | (2.0 | )
Income from operations before income taxes |  |  | 168.9 |  |  |  | 134.9 |  |  |  | 277.8 |
Income tax provision |  |  | 43.6 |  |  |  | 54.7 |  |  |  | 101.6 |
Net income |  | $ | 125.3 |  |  | $ | 80.2 |  |  | $ | 176.2 |
The following table sets forth a comparison of balance sheet assets by operating segment:
|  | June 30, |
|  | 2016 |  |  | 2015 |
Net equipment, leasehold improvements and property: |  |  |  |  |  |  |  |
Diagnostics |  |  | 26.3 |  |  |  | 34.5 |
Other |  |  | 32.0 |  |  |  | 32.7 |
Total |  | $ | 58.3 |  |  | $ | 67.2 |
Total Assets: |  |  |  |  |  |  |  |
Diagnostics |  |  | 512.4 |  |  |  | 450.6 |
Other |  |  | 129.2 |  |  |  | 130.2 |
Total |  | $ | 641.6 |  |  | $ | 580.8 |
The following table reconciles assets by geographical region:
|  | June 30, |
|  | 2016 |  |  | 2015 |
Net equipment, leasehold improvements and property: |  |  |  |  |  |  |  |
United States |  |  | 33.6 |  |  |  | 42.2 |
Rest of world |  |  | 24.7 |  |  |  | 25.0 |
Total |  | $ | 58.3 |  |  | $ | 67.2 |
Total Assets: |  |  |  |  |  |  |  |
United States |  |  | 532.6 |  |  |  | 537.3 |
Rest of world |  |  | 109.0 |  |  |  | 43.5 |
Total |  | $ | 641.6 |  |  | $ | 580.8 |
The following table reconciles assets by operating segment and geographic region to total assets:
|  | June 30, |
|  | 2015 |  |  | 2015 |
Total assets by segment and geographical region |  | $ | 641.6 |  |  | $ | 580.8 |
Cash, cash equivalents, and marketable investment securities (1) |  |  | 238.9 |  |  |  | 185.4 |
Total |  | $ | 880.5 |  |  | $ | 766.2 |
| (1) | The Company manages cash, cash equivalents, and marketable investment securities at the consolidated level for all segments
The majority of the Company’s revenues were derived from the sale of diagnostic tests in the United States. There were no customers that accounted for greater than 10% of revenue in the years ended June 30, 2016, 2015 and 2014.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration