Discontinued Operations

12 Months Ended

Jun. 30, 2015

Discontinued Operations [Abstract]

Discontinued Operations

12.Discontinued Operations

On August 30, 2012, the Company completed the sale of substantially all of the assets of its Commercial Products Business Unit (“CBU”).  The sale price was approximately $838,000 in cash.  In addition, Perceptron retained CBU’s accounts receivable balance of approximately $608,000 that existed at the time of sale.  The purchaser acquired the inventory, tooling, customer contracts, patents, trademarks, and other assets associated with CBU’s business operations.  Under the agreement, the purchaser also assumed all of CBU’s service parts and warranty obligations and vendor commitments. 

Based on the foregoing, and in conformity with applicable accounting guidance, the CBU segment qualifies as a discontinued operation. Accordingly, financial results of CBU have been reported as discontinued operations in the accompanying consolidated statements of operations for all periods presented. Information regarding revenue and operating results of CBU included in discontinued operations is as follows (in thousands):

	Fiscal Year ended June 30,
	2015		2014		2013
Net Sales	$	-	$	-	$	595
Operating Income	$	-	$	-	$	28

The operating income reported for CBU above does not include corporate costs previously allocated between the Company’s operating segments, which remain with the Company. 

At June 30, 2015, the Company’s balance sheets did not have any assets or liabilities related to CBU.