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Segment Information
 9 Months Ended
Dec. 31, 2012
Segment Information  
Segment Information

Note 8 - 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
December 31, 2012

 

Three Months Ended
December 31, 2011

 

 

 

Biological
Indicators

 

Instruments

 

Total

 

Biological
Indicators

 

Instruments

 

Total

 

Revenues

 

$

5,154

 

$

6,207

 

$

11,361

 

$

4,742

 

$

4,908

 

$

9,650

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

$

2,936

 

$

4,011

 

$

6,947

 

$

2,540

 

$

3,345

 

$

5,885

 

Selling expenses

 

385

 

838

 

1,223

 

391

 

558

 

949

 

 

 

$

2,551

 

$

3,173

 

5,724

 

$

2,149

 

$

2,787

 

4,936

 

Reconciling items (1)

 

 

 

 

 

(3,298

)

 

 

 

 

(1,805

)

Earnings before income taxes

 

 

 

 

 

$

2,426

 

 

 

 

 

$

3,131

 

 

 

 

Nine Months Ended
December 31, 2012

 

Nine Months Ended
December 31, 2011

 

 

 

Biological
Indicators

 

Instruments

 

Total

 

Biological
Indicators

 

Instruments

 

Total

 

Revenues

 

$

15,590

 

$

18,037

 

$

33,627

 

$

14,600

 

$

14,048

 

$

28,648

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

$

8,890

 

$

11,761

 

$

20,651

 

$

7,756

 

$

9,291

 

$

17,047

 

Selling expenses

 

1,165

 

2,132

 

3,297

 

1,194

 

1,732

 

2,926

 

 

 

$

7,725

 

$

9,629

 

17,354

 

$

6,562

 

$

7,559

 

14,121

 

Reconciling items (1)

 

 

 

 

 

(8,290

)

 

 

 

 

(5,110

)

Earnings before income taxes

 

 

 

 

 

$

9,064

 

 

 

 

 

$

9,011

 

 

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

 

 

 

December 31,
2012

 

March 31,
2012

 

Total assets

 

 

 

 

 

Biological Indicators

 

$

27,392

 

$

28,887

 

Instruments

 

32,511

 

13,572

 

Corporate and administrative

 

3,714

 

8,237

 

 

 

$

63,617

 

$

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
December 31,

 

Nine Months Ended
December 31,

 

 

 

2012

 

2011

 

2012

 

2011

 

Net revenues from unaffiliated customers:

 

 

 

 

 

 

 

 

 

United States

 

$

7,013

 

$

5,684

 

$

20,504

 

$

17,497

 

Foreign

 

4,348

 

3,966

 

13,123

 

11,151

 

 

 

$

11,361

 

$

9,650

 

$

33,627

 

$

28,648

 

 

No foreign 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.