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Segment Information
3 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
The segment information and the accounting policies of each segment are the same as those described in the notes to the condensed consolidated financial statements entitled “Financial Information by Segment” included in our Annual Report on Form 10-K, as amended, for the year ended June 30, 2023. The chief operating decision maker, who is the Company’s President and CEO, allocates resources and assesses performance based on three segments: North America Industrial "NAI", International Industrial "INI" and Global Test and Measurement "GTM".
Segment income is measured for internal reporting purposes by excluding corporate expenses, which are included in the unallocated column in the table below. Other income and expense, including interest income and expense, and income taxes are excluded entirely from the table below. There were no significant changes in the segment operations or in the segment assets
from the Annual Report on Form 10-K, as amended for the year ended June 30, 2023. Financial results for each reportable segment are as follows (in thousands):
NAIINIGTMUnallocatedTotal
Three Months Ended September 30, 2023
Sales1
$19,470 $25,374 $15,792 $— $60,636 
Operating Income (Loss)$(683)$2,760 $2,371 $(1,989)$2,459 
Three Months Ended September 30, 2022
Sales2
$22,371 $23,299 $14,791 $— $60,461 
Operating Income (Loss) $700 $2,880 $2,278 $(2,142)$3,716 
1.Excludes $334 of NAI segment intercompany sales to the INI segment, $78 of GTM segment intercompany sales to the INI segment, $3,475 of INI segment intercompany sales to NAI and $202 of GTM intercompany sales to NAI.
2.Excludes $652 of NAI segment intercompany sales to the INI segment, $275 of GTM segment intercompany sales to the INI segment, $4,626 of INI segment intercompany sales to NAI and $409 of GTM intercompany sales to NAI.