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SEGMENT INFORMATION
 6 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 12. SEGMENT INFORMATION

  

In fiscal 2016, the Company has four reportable segments based on its business activities and organization:  

 

  • Pro-Dex located in Irvine, California – providing primarily medical and dental instruments using shared production and assembly machines and workforce. This segment also incorporates Huber Precision as the revenues and assets of Huber Precision are not material to the Company’s total revenues and assets. Additionally, effective November 30, 2015 the former San Carlos office of Huber Precision was closed and all orders shipped since that date are manufactured at the Irvine facility.

 

  • OMS located in Beaverton, Oregon – providing multi-axis motion control applications.

 

  • Fineline located in San Dimas, California. This business was purchased on February 1, 2015 and is a manufacturer of plastic injection molds for a variety of industries.

 

  • Engineering Services Division or (“ESD”). This division was launched in fiscal 2015 to provide permanent placement and contract services in the fields of engineering, manufacturing and quality to diverse businesses.

 

In deciding how to allocate resources and assess performance, the Company’s chief executive officer regularly evaluates the sales and operating income of these segments. Operating income is the gross margin of the segment less direct expenses of the segment. Unallocated corporate expenses include our corporate administrative cost center, which primarily includes costs associated with being a public company, as well as general and administrative expenses (“G&A”) incurred related to our investment in the Ramsey property and related notes receivable and is a subset of total general and administrative expenses. Additionally, other costs incurred in our G&A, including salaries and other personnel-related expenses for corporate, accounting, finance and human resource personnel, as well as costs for outsourced information technology services, are not allocated by segment internally and are included in Pro-Dex in the tables below. The following tables summarize segment performance for the three and six months ended December 31, 2015 and 2014 (in thousands):

                                                 
    Pro-Dex     OMS     Fineline     ESD     Corporate Unallocated     Total  

 

Three months ended
December 31, 2015

                                                
Net Sales   $ 4,909     $ 208     $ 223     $ 99     $ —     $ 5,439  
Gross Profit     1,396       90       3       50       —       1,539  
Operating Income (loss)     792       (114 )     (51 )     (40 )     (191 )     396  
Depreciation and amortization expense     145       3       18       —       —       166  

 

    Pro-Dex     OMS     Fineline     ESD     Corporate Unallocated     Total  

 

Three months ended
December 31, 2014

                                                
Net Sales   $ 2,428     $ 359     $ —     $ 5     $ —     $ 2,792  
Gross Profit     449       245       —       2       —       696  
Operating Income (loss)     (193 )     48       —       (79 )     (169 )     (393 )
Depreciation and amortization expense     129       3       —       —       —       132  

  

    Pro-Dex     OMS     Fineline     ESD     Corporate Unallocated     Total  

 

Six months ended
December 31, 2015 

                                                
Net Sales   $ 8,329     $ 512     $ 486     $ 208     $ —     $ 9,535  
Gross Profit     2,206       244       29       118       —       2,597  
Operating Income (loss)     1,011       (167 )     (79 )     (64 )     (423 )     278  
Depreciation and amortization expense     293       5       36       —       —       334  

 

    Pro-Dex     OMS     Fineline     ESD     Corporate Unallocated     Total  

 

Six months ended
December 31, 2014 

                                                
Net Sales   $ 4,660     $ 722     $ —     $ 5     $ —     $ 5,387  
Gross Profit     1,017       505       —       2       —       1,524  
Operating Income (loss)     (275 )     134       —       (79 )     (363 )     (583 )
Depreciation and amortization expense     254       5       —       —       —       259