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Segment Information
6 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Segment Information

(13)      Segment Information

 

            In connection with the acquisition of IZI during the first quarter of fiscal 2012, the Company began to operate in three reportable segments, Radiation Monitoring, Medical Physics and Medical Products.  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 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.

 

            The Medical Products segment provides medical consumable accessories used in radiology, radiation therapy, and image guided surgery procedures. Medical products range from consumables used with MRI, CT, and mammography technologies to highly engineered passive reflective markers used during image guided surgery procedures.  Medical Products sales are provided through the Company’s IZI subsidiary.

 

            The Company primarily evaluates performance of the individual segments based upon, among other metrics, segment operating income or loss.  Segment operating income or loss is segment revenues less segment cost of sales and segment selling, general and administrative expenses.  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 Company’s business model evolves in increased complexity, management may determine it necessary to change this reporting practice to reflect any appropriate allocations.

 

            The following tables summarize financial information for each reportable segment:

 

 

 

 

 

Three Months Ended March 31, 2012

 

Radiation

Monitoring

 

Medical

Physics

 

Medical

Products

 

Consolidated

Revenues

$

27,358 

 

$

7,688 

 

$

4,048 

 

$

39,094 

Operating income

 

8,029 

 

 

109 

 

 

2,011 

 

 

10,149 

Depreciation and amortization

 

1,867 

 

 

315 

 

 

492 

 

 

2,674 

Capital expenditures for property, plant &

  equipment

 

3,226 

 

 

284 

 

 

 

 

3,519 

 

 

 

 

 

Three Months Ended March 31, 2011

 

Radiation

Monitoring

 

Medical

Physics

 

Medical

Products

 

Consolidated

Revenues

$

27,527 

 

$

4,800 

 

$

 

$

32,327 

Operating income (loss)

 

12,074 

 

 

(194)

 

 

 

 

11,880 

Depreciation and amortization

 

1,588 

 

 

219 

 

 

 

 

1,807 

Capital expenditures for property, plant &

  equipment

 

2,780

 

 

105 

 

 

 

 

2,885 

 

 

 

 

 

Six Months Ended March 31, 2012

 

Radiation

Monitoring

 

Medical

Physics

 

Medical

Products

 

Consolidated

Revenues

$

54,402 

 

$

15,122 

 

$

6,239 

 

$

75,763 

Operating income

 

14,319

 

 

1,002 

 

 

2,381 

 

 

17,702 

Depreciation and amortization

 

3,612 

 

 

634

 

 

784

 

 

5,030

Capital expenditures for property, plant &

  equipment

 

7,037 

 

 

312

 

 

9

 

 

7,358

 

 

 

 

 

Six Months Ended March 31, 2011

 

Radiation

Monitoring

 

Medical

Physics

 

Medical

Products

 

Consolidated

Revenues

$

51,431 

 

$

9,334 

 

$

 

$

60,765 

Operating income (loss)

 

20,659 

 

 

(652)

 

 

 

 

20,007 

Depreciation and amortization

 

3,172 

 

 

432 

 

 

 

 

3,604 

Capital expenditures for property, plant &

  equipment

 

5,366

 

 

287 

 

 

 

 

5,653 

 

 

March 31,

2012

 

September 30,

2011

Segment Assets:

 

 

 

 

 

    Radiation Monitoring

$

151,081 

 

$

136,950 

    Medical Physics

 

37,815 

 

 

31,706 

    Medical Products

 

95,536 

 

 

Consolidated Assets

$

284,432 

 

$

168,656