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SEGMENT INFORMATION
 3 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 12. SEGMENT INFORMATION

 

The Company has four reportable segments based on its current 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 as the revenues and assets of Huber are not material to the Company’s total revenues and assets.  Additionally, effective November 30, 2015 the former San Carlos office of Huber 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, and is a subset of total general and administrative expenses. Additionally, other costs incurred in our general and administrative expenses (“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 first quarter of fiscal 2017 and 2016 (in thousands):

 

    Pro-Dex     OMS     Fineline     ESD     Corporate Unallocated     Total  
Three months ended September 30, 2016                                                
Net Sales   $ 4,612     $ 283     $ 278     $ 239     $ —     $ 5,412  
Gross Profit     1,303       184       50       71       —       1,608  
Operating Income (loss)     492       (1 )     21       1       (220 )     293  
Depreciation and amortization expense     121       3       15       —       —       139  

 

    Pro-Dex     OMS     Fineline     ESD     Corporate Unallocated     Total  
Three months ended September 30, 2015                                                
Net Sales   $ 3,421     $ 304     $ 263     $ 109     $ —     $ 4,097  
Gross Profit     810       154       26       68       —       1,058  
Operating Income (loss)     219       (54 )     (28 )     (24 )     (232 )     (119 )
Depreciation and amortization expense     148       3       18       —       —       169