Segment Information

9 Months Ended

Jun. 30, 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 the Form 10-K, Note 18 "Segment and Geographic Information" in the Notes to the Company's Consolidated Financial Statements.

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 segments' revenue and 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 June 30, 2015
Revenue
Product	$	104,533	$	4,154	$	12,129		$	120,816
Services	—		19,399		4,679			24,078
Total revenue	$	104,533	$	23,553	$	16,808		$	144,894
Gross profit	$	38,285	$	8,230	$	4,672		$	51,187
Segment operating income (loss)	$	13,470	$	3,692	$	(4,656	)	$	12,506
Three Months Ended June 30, 2014
Revenue
Product	$	75,367	$	3,392	$	14,464		$	93,223
Services	—		20,246		3,890			24,136
Total revenue	$	75,367	$	23,638	$	18,354		$	117,359
Gross profit	$	25,834	$	8,399	$	6,513		$	40,746
Segment operating income (loss)	$	451	$	3,784	$	(1,110	)	$	3,125
Nine Months Ended June 30, 2015
Revenue
Product	$	286,347	$	12,390	$	38,204		$	336,941
Services	—		57,197		12,805			70,002
Total revenue	$	286,347	$	69,587	$	51,009		$	406,943
Gross profit	$	99,202	$	23,736	$	13,362		$	136,300
Segment operating income (loss)	$	21,927	$	9,353	$	(14,563	)	$	16,717
Nine Months Ended June 30, 2014
Revenue
Product	$	246,820	$	11,044	$	31,023		$	288,887
Services	—		59,304		12,140			71,444
Total revenue	$	246,820	$	70,348	$	43,163		$	360,331
Gross profit	$	86,295	$	23,900	$	15,740		$	125,935
Segment operating income (loss)	$	10,906	$	8,875	$	(8,150	)	$	11,631
Assets
June 30, 2015	$	267,150	$	57,075	$	115,230		$	439,455
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 nine month periods ended June 30, 2015 and 2014 is as follows (in thousands):

	Three Months Ended June 30,					Nine Months Ended June 30,
	2015		2014			2015		2014
Segment operating income	$	12,506	$	3,125		$	16,717	$	11,631
Amortization of acquired intangible assets	1,917		1,606			5,743		4,522
Restructuring and other charges	358		3,122			3,711		4,641
Impairment of variable interest entity note receivable	—		2,621			—		2,621
Other unallocated corporate expenses	61		1,686			520		1,903
Total operating income (loss)	$	10,170	$	(5,910	)	$	6,743	$	(2,056	)

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

	June 30, 2015		September 30, 2014
Segment assets	$	439,455	$	415,120
Cash, cash equivalents and marketable securities	214,629		245,456
Deferred tax assets	87,593		86,572
Equity method investments	26,760		28,944
Other unallocated corporate net assets	1,936		1,946
Total assets	$	770,373	$	778,038