Geographical Information

3 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Geographical Information

Geographical Information

On September 17, 2014, EMCORE entered into an Asset Purchase Agreement (the “Photovoltaics Agreement”) with SolAero pursuant to which the Company agreed to sell the Photovoltaics Business for $150.0 million in cash, subject to a working capital adjustment pursuant to the Photovoltaics Agreement. On December 10, 2014, EMCORE completed the Photovoltaics Asset Sale. Accordingly, the Company has one remaining reportable segment: Fiber Optics. See also Note 3 - Discontinued Operations for additional disclosures.

EMCORE's Fiber Optics business provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV), Wireless and Fiber-To-The-Premises (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications.

On October 22, 2014, EMCORE entered into an Asset Purchase Agreement (the "Digital Products Agreement") with NeoPhotonics Corporation, a Delaware corporation ("NeoPhotonics") pursuant to which the Company agreed to sell certain assets, and transferred certain liabilities of the Company's telecommunications business (collectively, the "Digital Products Business" and, the sale of the Digital Products Business, the "Digital Products Assets Sale") to NeoPhotonics for an aggregate purchase price of $17.5 million, subject to certain adjustments. On January 2, 2015, EMCORE completed the sale of the Digital Products Business.

The financial results of the Photovoltaics and Digital Products Businesses are presented as "discontinued operations" on the Consolidated Statements of Operations for the three months ended December 31, 2014 and 2013; and the assets and liabilities of the Digital Products Business disposed of January 2, 2015 are presented as "Assets of discontinued operations" and "Liabilities of discontinued operations" on the Consolidated Balance Sheets as of December 31, 2014 and September 30, 2014.

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. Based on this evaluation, the Company operates as a single reportable segment.

Revenue: The following tables set forth revenue by geographic region with revenue assigned to geographic regions based on our customers’ billing address and excludes the discontinued operations discussed above.

Revenue by Geographic Region	For the three months ended December 31,
(in thousands)	2014		2013
United States	$	13,350	$	10,444
Asia	2,697		2,168
Europe	2,077		1,664
Other	292		387
Total revenue	$	18,416	$	14,663

Significant Customers: Significant customers are defined as customers representing greater than 10% of our consolidated revenue. Revenue from three of our customers, represented 50% of our consolidated revenue for the three months ended December 31, 2014. Revenue from three of our customers represented 44% of our consolidated revenue for the three months ended December 31, 2013.

Long-lived Assets: Long-lived assets consist primarily of property, plant, and equipment and also intangible assets. Long-lived assets to be disposed of as the result of the Photovoltaics and Digital Products Asset Sales were included in "Assets of discontinued operations" on the Consolidated Balance Sheet as of December 31, 2014 and September 30, 2014, and accordingly, are not included in the following table.

Long-lived Assets	As of		As of
(in thousands)	December 31, 2014		September 30, 2014
United States	$	2,302	$	4,997
International	6,002		5,531
Long-lived assets	$	8,304	$	10,528

As of December 31, 2014 and September 30, 2014, approximately 28% and 47%, respectively, of our long-lived assets were located in the United States. The remaining assets are primarily located in China. As a result of the revision in the estimated amount and timing of cash flows for asset retirement obligations in the United States, the Company reduced its asset retirement obligations liability by $2.9 million with an offsetting reduction to property, plant, and equipment of $2.1 million, and operating expense of $0.8 million. See Note 12 - Commitments and Contingencies for additional information.