Business Segment Data

12 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Business Segment Data

Note 17 – Business Segment Data

The accounting principles applied at the operating segment level in determining income from operations are the same as those applied at the consolidated financial statement level. While revenues are specifically identified with our Infotainment segment and the automotive audio portion of our Lifestyle segment, costs, expenses and assets for these businesses are allocated based on relative revenues or other measures of activity that management believes are reasonable.

We design, manufacture and market high-quality, high fidelity audio products and electronic systems for the infotainment, automotive audio, home audio and professional markets. Our chief operating decision maker evaluates performance and allocates resources based on net sales, operating income and working capital in each of the reporting segments.

Infotainment

Our Infotainment segment designs, manufactures and markets infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers.

Lifestyle

Our Lifestyle segment designs, manufactures and markets automotive audio systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers and a wide range of mid-to high-end audio and consumer electronics for home, multimedia and mobile applications. Our Lifestyle audio products feature some of the world’s most recognized audio brands, including JBL, AKG, Harman/Kardon, Infinity, Mark Levinson, Revel, Logic 7, Lexicon and Selenium.

Professional

Our Professional segment designs, manufactures and markets an extensive range of loudspeakers, power amplifiers, digital signal processors, microphones, headphones and mixing consoles used by audio professionals in concert halls, stadiums, airports, houses of worship and other public spaces. We also provide high-quality products to the sound reinforcement, music instrument support and broadcast and recording segments of the professional audio market. We offer complete systems solutions for professional installations and users around the world. Our Professional products are marketed globally under brand names including JBL Professional, AKG, Crown, Soundcraft, Lexicon, DigiTech, dbx, BSS, Selenium, Martin and Studer.

Other

Our Other segment includes compensation, benefits and occupancy costs for corporate employees, net of reporting segment allocations, expenses associated with new technology innovation and our corporate brand identity campaign.

The following table presents Net sales, Operating income (loss), Assets, Goodwill, Capital expenditures and Depreciation and amortization by each reporting segment:

	Year Ended June 30,
	2013			2012			2011
Net sales:
Infotainment	$	2,283,247		$	2,401,562		$	2,088,599
Lifestyle		1,338,355			1,330,798			1,087,270
Professional		672,805			630,731			595,687
Other		3,435			987			789
Total	$	4,297,842		$	4,364,078		$	3,772,345
Operating income (loss)(1):
Infotainment	$	90,799		$	180,529		$	77,384
Lifestyle		137,477			151,490			109,649
Professional		85,810			72,997			82,902
Other		(112,835	)		(104,770	)		(79,884	)
Total	$	201,251		$	300,246		$	190,051
Assets(1):
Infotainment	$	1,094,118		$	960,929
Lifestyle		1,192,610			1,096,395
Professional		468,910			407,267
Other		480,047			704,873
Total	$	3,235,685		$	3,169,464
Goodwill:
Infotainment	$	8,576		$	5,856
Lifestyle		107,438			109,945
Professional		118,328			65,010
Other		0			0
Total	$	234,342		$	180,811
Capital expenditures(1):
Infotainment	$	54,364		$	66,050		$	61,712
Lifestyle		25,587			24,467			18,474
Professional		11,839			10,187			14,255
Other		9,892			11,832			13,916
Total	$	101,682		$	112,536		$	108,357
Depreciation and amortization(1):
Infotainment	$	63,009		$	66,130		$	70,796
Lifestyle		36,572			33,401			31,193
Professional		16,882			13,638			16,012
Other		11,705			9,056			5,263
Total	$	128,168		$	122,225		$	123,264

⁽¹⁾  Amounts for the years ended June 30, 2012 and June 30, 2011, have been revised to reflect a change in the measurement of segment operating profit due to a change in the allocation of intercompany royalties between the Lifestyle and Professional segments.

During fiscal years 2013, 2012 and 2011 we did not record any goodwill impairment charges. Refer to Note 8 – Goodwill for more information.

The following table presents Net sales and long-lived assets and net assets by geographic area as of and for the years ended June 30, 2013, 2012 and 2011. Net sales are attributable to geographic areas based upon the location of the customer.

	Year Ended June 30,
	2013		2012		2011
Net sales:
U.S.	$	1,181,113	$	966,955	$	703,772
Germany		1,482,036		1,662,432		1,616,198
Other Europe		819,074		916,813		780,342
Other		815,619		817,878		672,033
Total	$	4,297,842	$	4,364,078	$	3,772,345
Long-lived assets:
U.S.	$	169,311	$	162,422
Germany		137,387		149,867
Other Europe		128,457		102,071
Other		50,141		44,752
Total	$	485,296	$	459,112
Net Assets
U.S.	$	148,056	$	126,081
Germany		499,490		647,114
Other Europe		857,487		605,177
Other		139,838		151,239
Total	$	1,644,871	$	1,529,611