| Schedule of results of operations and identifiable assets by industry segment |
The following tables present our results of operations and identifiable assets by our three industry segments, along with amounts for intersegment eliminations and unallocated corporate items, which are reconciled to consolidated amounts (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2025 | | | | | | Optoelectronics | | | | | | | | | | | | | | | | | | | | | and | | | | | Total | | | | | | | | | | | Security | | Manufacturing | | Healthcare | | Reportable | | Intersegment | | Unallocated | | | | | | Division | | Division | | Division | | Segments | | Eliminations | | Corporate | | Consolidated | Revenues (1): | | | | | | | | | | | | | | | | | | | | | | External customer revenue | | $ | 254,248 | | $ | 89,632 | | $ | 40,743 | | $ | 384,623 | | $ | — | | $ | — | | $ | 384,623 | Intersegment revenue | | | — | | | 19,829 | | | — | | | 19,829 | | | (19,829) | | | — | | | — | Total revenues | | | 254,248 | | | 109,461 | | | 40,743 | | | 404,452 | | | (19,829) | | | — | | | 384,623 | Cost of goods sold | | | 173,345 | | | 86,514 | | | 20,143 | | | 280,002 | | | (18,564) | | | — | | | 261,438 | Selling, general and administrative expenses | | | 36,109 | | | 8,957 | | | 13,060 | | | 58,126 | | | — | | | 8,829 | | | 66,955 | Research and development expenses | | | 13,828 | | | 1,237 | | | 5,362 | | | 20,427 | | | — | | | — | | | 20,427 | Segment income from operations | | $ | 30,966 | | $ | 12,753 | | $ | 2,178 | | $ | 45,897 | | $ | (1,265) | | $ | (8,829) | | $ | 35,803 | | | | | | | | | | | | | | | | | | | | | | | Segment assets (2) (3) | | $ | 1,637,446 | | $ | 290,831 | | $ | 270,883 | | $ | 2,199,160 | | $ | (50,159) | | $ | 150,155 | | $ | 2,299,156 | Capital expenditures | | $ | 3,562 | | $ | 1,595 | | $ | 1,207 | | $ | 6,364 | | $ | — | | $ | 664 | | | 7,028 | Depreciation and amortization | | $ | 6,927 | | $ | 1,681 | | $ | 1,167 | | $ | 9,775 | | $ | — | | $ | 485 | | | 10,260 | | | | | | | | | | | | | | | | | | | | | | | Reconciliation to consolidated income from operations – Three Months Ended September 30, 2025 | | | | | | | | | | | | | | | | | | | | | | Consolidated segment income from operations | | | — | | | — | | | — | | | — | | | — | | | — | | $ | 35,803 | Restructuring and other charges | | | — | | | — | | | — | | | — | | | — | | | — | | | (2,730) | Consolidated income from operations | | | — | | | — | | | — | | | — | | | — | | | — | | $ | 33,073 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2026 | | | | | | Optoelectronics | | | | | | | | | | | | | | | | | | | | | and | | | | | Total | | | | | | | | | | | | Security | | Manufacturing | | Healthcare | | Reportable | | Intersegment | | Unallocated | | | | | | Division | | Division | | Division | | Segments | | Eliminations | | Corporate | | Consolidated | Revenues (1): | | | | | | | | | | | | | | | | | | | | | | External customer revenue | | $ | 264,126 | | $ | 104,218 | | $ | 35,128 | | $ | 403,472 | | $ | — | | $ | — | | $ | 403,472 | Intersegment revenue | | | — | | | 15,507 | | | — | | | 15,507 | | | (15,507) | | | — | | | — | Total revenues | | | 264,126 | | | 119,725 | | | 35,128 | | | 418,979 | | | (15,507) | | | — | | | 403,472 | Cost of goods sold | | | 181,881 | | | 94,851 | | | 18,119 | | | 294,851 | | | (15,180) | | | — | | | 279,671 | Selling, general and administrative expenses | | | 37,107 | | | 9,036 | | | 14,088 | | | 60,231 | | | — | | | 8,478 | | | 68,709 | Research and development expenses | | | 14,147 | | | 1,492 | | | 3,787 | | | 19,426 | | | — | | | — | | | 19,426 | Segment income from operations | | $ | 30,991 | | $ | 14,346 | | $ | (866) | | $ | 44,471 | | $ | (327) | | $ | (8,478) | | $ | 35,666 | | | | | | | | | | | | | | | | | | | | | | | Segment assets (2) (3) | | $ | 1,583,904 | | $ | 332,742 | | $ | 289,971 | | $ | 2,206,617 | | $ | (43,472) | | $ | 326,297 | | $ | 2,489,442 | Capital expenditures | | $ | 4,332 | | $ | 2,123 | | $ | 841 | | $ | 7,296 | | $ | — | | $ | 359 | | | 7,655 | Depreciation and amortization | | $ | 5,831 | | $ | 1,709 | | $ | 1,023 | | $ | 8,563 | | $ | — | | $ | 476 | | | 9,039 | | | | | | | | | | | | | | | | | | | | | | | Reconciliation to consolidated income from operations – Three Months Ended September 30, 2026 | | | | | | | | | | | | | | | | | | | | | | Consolidated segment income from operations | | | — | | | — | | | — | | | — | | | — | | | — | | $ | 35,666 | Restructuring and other charges | | | — | | | — | | | — | | | — | | | — | | | — | | | (2,096) | Consolidated income from operations | | | — | | | — | | | — | | | — | | | — | | | — | | $ | 33,570 | Segment assets as of June 30, 2026, for comparative purposes (2) (3) | | $ | 1,581,183 | | $ | 308,765 | | $ | 288,163 | | $ | 2,178,111 | | $ | (47,496) | | $ | 371,837 | | $ | 2,502,452 |
(1) | For the three months ended September 30, 2025 and 2026, no customer accounted for 10% or more of our consolidated net revenues. |
(2)As of June 30, 2026 and September 30, 2026, one customer in the Security division accounted for 25% of accounts receivable, net. (3)Eliminations in assets reflect the amount of inter-segment profits in inventory and inter-segment ROU assets under ASC 842 as of the balance sheet date. Such inter-segment profit will be realized when inventory is shipped to the external customers of the Security and Healthcare divisions.
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