Segment Data and Related Information

3 Months Ended

Dec. 31, 2011

Segment Data and Related Information [Abstract]

Segment Data and Related Information [Text Block]

Segment Data and Related Information

We have four operating divisions and two reporting segments.

• Fiber Optics: EMCORE Digital Fiber Optics Products and EMCORE Broadband Fiber Optics Products are aggregated as a separate reporting segment, Fiber Optics. Our Fiber Optics segment offers optical components, subsystems, and systems for high-speed data and telecommunications, cable television (CATV), and fiber-to-the-premises (FTTP) networks.

• Photovoltaics: EMCORE Photovoltaics and EMCORE Solar Power are aggregated as a separate reporting segment, Photovoltaics. Our Photovoltaics segment provides products for both satellite and terrestrial applications. For satellite applications, we offer high-efficiency gallium arsenide (GaAs) multi-junction solar cells, covered interconnected cells (CICs), and solar panels. For terrestrial applications, we offer concentrating photovoltaic (CPV) power systems for commercial and utility scale solar applications as well as GaAs solar cells and integrated CPV components for use in other solar power concentrator systems.

We evaluate our reportable segments pursuant to ASC 280, Segment Reporting. The Company's Chief Executive Officer is the chief operating decision maker and he assesses the performance of the operating segments and allocates resources to segments based on their business prospects, competitive factors, net revenue, operating results and other non-GAAP financial ratios.

The following table set forth the revenue and percentage of total revenue attributable to each of our reporting segments.

Segment Revenue	For the Three Months Ended December 31,
(in thousands, expect percentages)	2011				2010
	Revenue		% of Revenue		Revenue		% of Revenue
Fiber Optics revenue	$	18,303	48.9	%	$	31,452	60.4	%
Photovoltaics revenue	19,148		51.1	%	20,655		39.6	%
Total revenue	$	37,451	100.0	%	$	52,107	100.0	%

The following table sets forth consolidated revenue by geographic region with revenue assigned to geographic regions based on our customers’ billing address.

Geographic Revenue	For the Three Months Ended December 31,
(in thousands, expect percentages)	2011				2010
	Revenue		% of Revenue		Revenue		% of Revenue
United States	$	22,568	60.3	%	$	35,076	67.3	%
Asia	4,861		13.0	%	7,321		14.0	%
Europe	4,301		11.5	%	2,491		4.8	%
Other	5,721		15.2	%	7,219		13.9	%
Total revenue	$	37,451	100.0	%	$	52,107	100.0	%

As previously disclosed, in October 2011 flood waters infiltrated the offices and manufacturing floorspace of our primary contract manufacturer's facility in Thailand and suspended all production. As a result, the manufacturing infrastructure that supported approximately 50% of our Fiber Optics segment revenue was destroyed. This has had a significant impact on our operations and our ability to meet customer demand for certain of our fiber optics products in the near term. Our Photovoltaics segment was not affected by the Thailand floods. See Footnote 9 - Flood-related Losses for additional disclosures related to the impact of the Thailand flood on our operations.

Revenue from one customer of the Photovoltaics segment represented 15% of our consolidated revenue for the three months ended December 31, 2011. We do not expect revenue from this customer to exceed 10% of our consolidated revenue on a going forward basis. During the three months ended December 31, 2010, Loral Space & Communications (a customer associated with our Photovoltaics segment) and Aurora Networks (a customer associated with our Fiber Optics segment) represented 12% and 10%, respectively, of total consolidated revenue.

The following table sets forth operating income (loss) attributable to each of our reporting segments.

Statement of Operations Data (in thousands)	For the Three Months Ended December 31,
	2011			2010
Fiber Optics operating loss	$	(11,193	)	$	(4,590	)
Photovoltaics operating income (loss)	(497		)	1,815
Total operating loss	$	(11,690	)	$	(2,775	)

The following table sets forth our depreciation, amortization, and accretion expenses attributable to each of our reporting segments.

Depreciation, Amortization, and Accretion Expense (in thousands)	For the Three Months Ended December 31,
	2011		2010
Fiber Optics segment	$	1,656	$	1,663
Photovoltaics segment	1,119		1,344
Total depreciation, amortization, and accretion expense	$	2,775	$	3,007

Long-lived assets consist primarily of property, plant, and equipment and also goodwill and intangible assets.  The following table sets forth long-lived assets for each of our reporting segments.

Long-lived assets	As of December 31, 2011		As of September 30, 2011
(in thousands)
Fiber Optics segment	$	22,454	$	26,483
Photovoltaics segment	45,053		45,545
Corporate division (unallocated)	1,015		1,007
Long-lived assets	$	68,522	$	73,035

As of December 31, 2011 and September 30, 2011, approximately 94% and 93% of our long-lived assets were located in the United States.