Segment Information

6 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

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 2014 Annual Report on Form 10-K, included in Note 18.

The Company evaluates the performance of, and allocates resources to, each of its segments based on their 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 and other charges are excluded from the segments’ operating income (loss). The Company’s indirect overhead costs, which include various general and administrative expenses, are allocated among the segments based upon multiple cost drivers associated with the respective administrative function, including segment revenue, segment headcount, or an analysis of the segments that benefit from a specific administrative function. Segment assets exclude cash, cash equivalents, marketable securities, deferred tax assets and equity method investments.

Financial information for the Company’s business segments, excluding amounts related to the discontinued operations, is as follows (in thousands):

	Brooks Product Solutions		Brooks Global Services		Brooks Life Science Systems			Total
Three months ended March 31, 2015
Revenue
Product	$	98,958	$	4,128	$	13,309		$	116,395
Services	—		18,709		4,209			22,918
	$	98,958	$	22,837	$	17,518		$	139,313
Gross profit	$	33,995	$	7,043	$	4,987		$	46,025
Segment operating income (loss)	$	7,995	$	2,108	$	(4,391	)	$	5,712
Three months ended March 31, 2014
Revenue
Product	$	89,897	$	4,213	$	8,424		$	102,534
Services	—		19,178		4,188			23,366
	$	89,897	$	23,391	$	12,612		$	125,900
Gross profit	$	31,960	$	7,676	$	4,662		$	44,298
Segment operating income (loss)	$	6,127	$	2,248	$	(3,565	)	$	4,810
Six months ended March 31, 2015
Revenue
Product	$	181,814	$	8,236	$	26,075		$	216,125
Services	—		37,798		8,126			45,924
	$	181,814	$	46,034	$	34,201		$	262,049
Gross profit	$	60,917	$	15,506	$	8,690		$	85,113
Segment operating income (loss)	$	8,457	$	5,661	$	(9,907	)	$	4,211
Six months ended March 31, 2014
Revenue
Product	$	171,453	$	7,652	$	16,559		$	195,664
Services	—		39,058		8,250			47,308
	$	171,453	$	46,710	$	24,809		$	242,972
Gross profit	$	60,461	$	15,501	$	9,227		$	85,189
Segment operating income (loss)	$	10,455	$	5,091	$	(7,040	)	$	8,506
Assets
March 31, 2015	$	259,393	$	55,809	$	117,249		$	432,451
September 30, 2014	$	252,944	$	58,678	$	103,498		$	415,120

A reconciliation of the Company’s reportable segment operating income (loss) to the corresponding consolidated amounts for the three and six month periods ended March 31, 2015 and 2014 is as follows (in thousands):

	Three months ended March 31,				Six months ended March 31,
	2015		2014		2015			2014
Segment operating income	$	5,712	$	4,810	$	4,211		$	8,506
Amortization of acquired intangible assets	1,914		1,460		3,826			2,916
Restructuring and other charges	685		772		3,353			1,519
Other unallocated corporate expenses	60		182		459			217
Total operating income (loss)	$	3,053	$	2,396	$	(3,427	)	$	3,854

A reconciliation of the Company’s reportable segment assets to the corresponding consolidated amounts as of March 31, 2015 and September 30, 2014 is as follows (in thousands):

	March 31, 2015		September 30, 2014
Segment assets	$	432,451	$	415,120
Cash, cash equivalents and marketable securities	207,104		245,456
Deferred tax assets	88,466		86,572
Equity method investments	27,027		28,944
Other unallocated corporate net assets	1,907		1,946
Total assets	$	756,955	$	778,038