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Segment Information
 6 Months Ended
Sep. 30, 2012
Segment Information  
Segment Information

Note 9 - Segment Information

 

Our operations are organized into two segments:  Biological Indicators and Instruments.  The following tables set forth our segment information (in thousands):

 

 

 

Three Months Ended
September 30, 2012

 

Three Months Ended
September 30, 2011

 

 

 

Biological
Indicators

 

Instruments

 

Total

 

Biological
Indicators

 

Instruments

 

Total

 

Revenues

 

$

5,320

 

$

6,386

 

$

11,706

 

$

5,190

 

$

4,511

 

$

9,701

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

$

3,063

 

$

4,185

 

$

7,248

 

$

2,911

 

$

2,863

 

$

5,774

 

Selling expenses

 

414

 

658

 

1,072

 

427

 

611

 

1,038

 

 

 

$

2,649

 

$

3,527

 

6,176

 

$

2,484

 

$

2,252

 

4,736

 

Reconciling items (1)

 

 

 

 

 

(2,724

)

 

 

 

 

(1,500

)

Earnings before income taxes

 

 

 

 

 

$

3,452

 

 

 

 

 

$

3,236

 

 

 

 

Six Months Ended
September 30, 2012

 

Six Months Ended
September 30, 2011

 

 

 

Biological
Indicators

 

Instruments

 

Total

 

Biological
Indicators

 

Instruments

 

Total

 

Revenues

 

$

10,438

 

$

11,828

 

$

22,266

 

$

9,859

 

$

9,139

 

$

18,998

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

$

5,956

 

$

7,748

 

$

13,704

 

$

5,217

 

$

5,945

 

$

11,162

 

Selling expenses

 

780

 

1,294

 

2,074

 

802

 

1,175

 

1,977

 

 

 

$

5,176

 

$

6,454

 

11,630

 

$

4,415

 

$

4,770

 

9,185

 

Reconciling items (1)

 

 

 

 

 

(4,992

)

 

 

 

 

(3,305

)

Earnings before income taxes

 

 

 

 

 

$

6,638

 

 

 

 

 

$

5,880

 

 

(1) Reconciling items include general and administrative, research and development, and other expenses.

 

 

 

September 30,
2012

 

March 31,
2012

 

Total assets

 

 

 

 

 

Biological Indicators

 

$

27,851

 

$

28,887

 

Instruments

 

32,851

 

13,572

 

Corporate and administrative

 

3,739

 

8,237

 

 

 

$

64,441

 

$

50,696

 

 

All long-lived assets are located in the United States.

 

Revenues from external customers are attributed to individual countries based upon locations to which the product is shipped or exported, as follows (in thousands):

 

 

 

Three Months Ended
September 30,

 

Six Months Ended
September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Net revenues from unaffiliated customers:

 

 

 

 

 

 

 

 

 

United States

 

$

7,121

 

$

6,067

 

$

13,491

 

$

11,813

 

Foreign

 

4,585

 

3,634

 

8,775

 

7,185

 

 

 

$

11,706

 

$

9,701

 

$

22,266

 

$

18,998

 

 

No country exceeds 10% of total revenues.

 

We have changed our presentation of segments to correspond to the discrete financial information reviewed by our chief operating decision maker and have stated all periods consistently.