Segment Data and Related Information

3 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Data and Related Information

Segment Data and Related Information

We have three operating divisions within the following 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 reporting segment provides optical components, subsystems, and systems for high-speed telecommunications, cable television (CATV), and fiber-to-the-premise (FTTP) networks, as well as products for satellite communications, video transport, and specialty photonics technologies for defense and homeland security applications.

• Photovoltaics: EMCORE Photovoltaics is a separate reporting segment, Photovoltaics. Our Photovoltaics reporting segment provides products for both space and terrestrial solar power applications. For space solar power applications, we offer high-efficiency multi-junction solar cells, covered interconnect cells (CICs), and complete satellite solar panels. For terrestrial power applications, we offer high-efficiency GaAs solar cells for concentrating photovoltaic (CPV) power 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.

Revenue: The following tables set forth revenue attributable to each of our reporting segments and by geographic region with revenue assigned to geographic regions based on our customers’ billing address.

Segment Revenue	For the three months ended December 31,
(in thousands)	2013		2012
Fiber Optics revenue	$	23,292	$	29,678
Photovoltaics revenue	20,919		19,628
Total revenue	$	44,211	$	49,306

Revenue by Geographic Region	For the three months ended December 31,
(in thousands)	2013		2012
United States	$	28,097	$	34,667
Asia	10,287		8,900
Europe	5,434		5,213
Other	393		526
Total revenue	$	44,211	$	49,306

Revenue by geographic location is determined based on the location of our customer.

Significant Customers: Revenue from one of our customers of the Photovoltaics segment represented 14% of our consolidated revenue for the three months ended December 31, 2013. No single customer from the Photovoltaics segment represented greater than 10% of our consolidated revenue for the three months ended December 31, 2012. No single customer from the Fiber segment represented greater than 10% of our consolidated revenue for the three months ended December 31, 2013. Revenue from Cisco systems represented 11% of our consolidated revenue for the three months ended December 31, 2012.

Revenue from Suncore represented 5.0% of our consolidated revenues for the three months ended December 31, 2012. See Note 15 - Suncore Joint Venture for additional disclosures related to the Suncore revenues.

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

Operating (Loss) Income	For the three months ended December 31,
(in thousands)	2013			2012
Fiber Optics operating loss	$	(6,571	)	$	(395	)
Photovoltaics operating income	4,331			3,241
Total operating (loss) income	$	(2,240	)	$	2,846

Non-Cash Expenses: The following tables set forth our significant non-cash expenses attributable to each of our reporting segments.

Depreciation, Amortization, and Accretion Expense	For the three months ended December 31,
(in thousands)	2013		2012
Fiber Optics segment	$	1,484	$	1,282
Photovoltaics segment	584		736
Total depreciation, amortization, and accretion expense	$	2,068	$	2,018

Stock-based Compensation Expense	For the three months ended December 31,
(in thousands)	2013		2012
Fiber Optics segment	$	755	$	726
Photovoltaics segment	380		356
Total stock-based compensation expense	$	1,135	$	1,082

Long-lived Assets: 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 and our unallocated Corporate division.

Long-lived Assets	As of		As of
(in thousands)	December 31, 2013		September 30, 2013
Fiber Optics segment	$	22,713	$	23,804
Photovoltaics segment	39,862		40,048
Unallocated Corporate division	8,392		8,435
Long-lived assets	$	70,967	$	72,287

As of December 31, 2013 and September 30, 2013, approximately 80% and 80%, respectively, of our long-lived assets were located in the United States. The remaining assets are primarily located in China and Thailand.