Segment Information

9 Months Ended

Jun. 30, 2013

Segment Information

Segment Information

The Company reports financial results in three segments: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems. A description of segments is included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2012.

The Company evaluates performance and allocates resources based on revenues, operating income (loss) and returns on invested assets. Operating income (loss) for each segment includes selling, general and administrative expenses directly attributable to the segment. Other unallocated corporate expenses, amortization of acquired intangible assets (excluding completed technology) and restructuring are excluded from the segments’ operating income (loss). The Company’s non-allocable overhead costs, which include various general and administrative expenses, are allocated among the segments based upon various cost drivers associated with the respective administrative function, including segment revenues, segment headcount, or an analysis of the segments that benefit from a specific administrative function. Segment assets exclude cash, cash equivalents, restricted cash, marketable securities, deferred tax assets and investments in joint ventures.

Financial information for the Company’s business segments is as follows (in thousands):

	Brooks Product Solutions		Brooks Global Services		Brooks Life Science Systems			Total
Three months ended June 30, 2013
Revenues
Product	$	86,563	$	3,028	$	5,956		$	95,547
Services	—		19,712		2,813			22,525
	$	86,563	$	22,740	$	8,769		$	118,072
Gross profit	$	28,061	$	7,921	$	3,704		$	39,686
Segment operating income (loss)	$	5,070	$	3,986	$	(2,521	)	$	6,535
Three months ended June 30, 2012
Revenues
Product	$	107,725	$	2,981	$	8,466		$	119,172
Services	—		18,543		2,722			21,265
	$	107,725	$	21,524	$	11,188		$	140,437
Gross profit	$	36,195	$	5,868	$	4,177		$	46,240
Segment operating income (loss)	$	10,733	$	1,984	$	(2,061	)	$	10,656
Nine months ended June 30, 2013
Revenues
Product	$	234,689	$	10,264	$	23,410		$	268,363
Services	—		55,741		8,612			64,353
	$	234,689	$	66,005	$	32,022		$	332,716
Gross profit	$	73,500	$	19,547	$	12,409		$	105,456
Segment operating income (loss)	$	2,159	$	6,533	$	(6,418	)	$	2,274
Nine months ended June 30, 2012
Revenues
Product	$	296,475	$	8,373	$	29,043		$	333,891
Services	—		56,480		9,631			66,111
	$	296,475	$	64,853	$	38,674		$	400,002
Gross profit	$	100,481	$	19,595	$	14,803		$	134,879
Segment operating income (loss)	$	19,415	$	7,128	$	(2,799	)	$	23,744
Assets
June 30, 2013	$	254,039	$	61,215	$	102,367		$	417,621
September 30, 2012	$	218,799	$	56,120	$	107,530		$	382,449

A reconciliation of the Company’s reportable segment operating income to the corresponding consolidated amounts for the three and nine month periods ended June 30, 2013 and 2012 is as follows (in thousands):

	Three months ended June 30,				Nine months ended June 30,
	2013		2012		2013			2012
Segment operating income	$	6,535	$	10,656	$	2,274		$	23,744
Other unallocated corporate expenses	186		316		1,470			(2,100		)
Amortization of acquired intangible assets	1,399		1,135		4,364			3,490
Restructuring and other charges	560		880		6,086			1,125
In-process research and development	—		—		—			3,026
Total operating income (loss)	$	4,390	$	8,325	$	(9,646	)	$	18,203

A reconciliation of the Company’s reportable segment assets to the corresponding consolidated amounts as of June 30, 2013 and September 30, 2012 is as follows (in thousands):

	June 30, 2013		September 30, 2012
Segment assets	$	417,621	$	382,449
Investments in cash, cash equivalents, restricted cash and marketable securities	150,726		200,994
Deferred tax assets	112,793		120,157
Investments in joint ventures	23,582		31,428
Other unallocated corporate net assets	15,708		6,932
Total assets	$	720,430	$	741,960