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Segment Information
9 Months Ended
Jun. 30, 2011
Segment Information  
Segment Information

(13)      Segment Information

 

In connection with the acquisition of GPS, during the first quarter of fiscal 2010, the Company began to operate in two reportable segments, Radiation Monitoring and Medical Physics. Historically the Company operated in the Radiation Monitoring segment exclusively. The factors for determining the reportable segments include the products and services offered combined with the nature of the individual business activities, as well as key financial information reviewed by management.

 

The Radiation Monitoring segment provides analytical services to determine occupational and environmental radiation exposure. These services are provided internationally primarily to hospitals, medical and dental offices, universities, national laboratories, and nuclear facilities. Radiation Monitoring activities include the manufacture of various types of radiation detection monitors, the distribution and collection of the monitors to and from customers, and the analysis and reporting of exposure findings. In addition to providing analytical services, the Radiation Monitoring segment leases or sells dosimetry detectors and reading equipment.

 

The Medical Physics segment provides therapeutic and imaging physics services to domestic hospitals, free standing imaging centers and radiation therapy centers. Service offerings include clinical physics support, equipment commissioning, accreditation support and imaging equipment testing. These professional services are provided to customers on-site by skilled physicists. Medical Physics services are provided through the Company's GPS subsidiary.

 

The Company evaluates performance of the individual segments based upon, among other metrics, segment operating income or loss. Segment operating income or loss is segment revenue less segment cost of sales and segment selling, general and administrative expense. Corporate expenses for shared functions, including corporate management, corporate finance and human resources, are recognized in the Radiation Monitoring segment where they have been reported historically. In addition, acquisition and reorganization costs are not allocated to the segments. Information about net other income, including interest income and expense, and income taxes is not provided at the segment level. As the operational integration activities of the Medical Physics segment progress, including transaction processing, human resources and benefits administration, and sales and marketing activities, the Company expects to reevaluate the allocation of costs if or when these costs become material.

 

The following tables summarize financial information for each reportable segment:

 

  Three Months Ended June 30, 2011
 

Radiation

Monitoring

 

Medical

Physics

  Consolidated
Revenues $ 23,860     $ 5,298     $ 29,158  
Operating income   7,790       42       7,832  
Depreciation and amortization   1,905       241       2,146  
Capital expenditures for property, plant & equipment   3,786       188       3,974  

 

  Three Months Ended June 30, 2010
 

Radiation

Monitoring

 

Medical

Physics

  Consolidated
Revenues $ 22,299     $ 3,956     $ 26,255  
Operating income (loss)   7,961       (2)     7,959  
Depreciation and amortization   1,502       170       1,672  
Capital expenditures for property, plant & equipment   3,110       126       3,236  

 

  Nine Months Ended June 30, 2011
 

Radiation

Monitoring

 

Medical

Physics

  Consolidated
Revenues $ 75,291     $ 14,632     $ 89,923  
Operating income (loss)   28,449       (610)     27,839  
Depreciation and amortization   5,077       673       5,750  
Capital expenditures for property, plant & equipment   9,152       475       9,627  

 

  Nine Months Ended June 30, 2010
 

Radiation

Monitoring

 

Medical

Physics

  Consolidated
Revenues $ 75,757     $ 9,538     $ 85,295  
Operating income (loss)   27,746       (594)     27,152  
Depreciation and amortization   4,316       419       4,735  
Capital expenditures for property, plant & equipment   11,977       264       12,241  

 

 

June 30,

2011

 

September 30,

2010

Segment Assets:          
     Radiation Monitoring $ 130,836     $ 121,908  
     Medical Physics   30,106       28,788  
Consolidated Assets $ 160,942     $ 150,696