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SEGMENT INFORMATION
 9 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 14. 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 the Pro-Dex segment in the tables below. The following tables summarize segment performance for the three and nine months ended March 31, 2016 and 2015 (in thousands):

                                                 
    Pro-Dex     OMS     Fineline     ESD     Corporate Unallocated     Total  
                                                 
Three months ended March
31, 2016		                                                
Net Sales   $ 4,516     $ 161     $ 444     $ 216     $ —     $ 5,337  
Gross Profit     1,263       47       (8 )     58       —       1,360  
Operating Income (loss)     608       (126 )     (283 )     (13 )     (136 )     50  
Depreciation and amortization expense     126       3       16       —       —       145  

                                                 
    Pro-Dex     OMS     Fineline     ESD     Corporate Unallocated     Total  
                                                 
Three months ended March
31, 2015		                                                
Net Sales   $ 3,333     $ 403     $ 122     $ 64     $ —     $ 3,922  
Gross Profit     681       269       43       52       —       1,045  
Operating Income (loss)     (77 )     52       14       (157 )     (222 )     (390 )
Depreciation and amortization expense     124       3       13       —       —       140  

 

                                                 
    Pro-Dex     OMS     Fineline     ESD     Corporate Unallocated     Total  
                                                 
Nine months ended March
31, 2016		                                                
Net Sales   $ 12,846     $ 673     $ 930     $ 424     $ —     $ 14,873  
Gross Profit     3,445       315       21       176       —       3,957  
Operating Income (loss)     1,595       (270 )     (362 )     (77 )     (559 )     327  
Depreciation and amortization expense     421       8       52       —       —       481  

                                                 
    Pro-Dex     OMS     Fineline     ESD     Corporate Unallocated     Total  
Nine months ended                                                
March 31, 2015                                                
Net Sales   $ 7,994     $ 1,125     $ 122     $ 69     $ —     $ 9,310  
Gross Profit     1,699       774       43       53       —       2,569  
Operating Income (loss)     (644 )     480       14       (236 )     (587 )     (973 )
Depreciation and amortization expense     377       8       13       —       —       398