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NOTE 8 - SEGMENT AND RELATED INFORMATION
 6 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
NOTE 8 - SEGMENT AND RELATED INFORMATION

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2015 and 2014

(Amounts and shares in thousands, except per share amounts)

(UNAUDITED)

 

NOTE 8 - SEGMENT AND RELATED INFORMATION

 

The Company operates in two industry segments - manufacturing and the servicing of medical equipment and management of diagnostic imaging centers.

 

The accounting policies of the segments are the same as those described in the summary of significant accounting policies as disclosed in the Company’s 10-K as of June 30, 2015. All inter-segment sales are market-based. The Company evaluates performance based on income or loss from operations.

 

Summarized financial information concerning the Company's reportable segments is shown in the following table:

 

   Medical
Equipment		  Management
Of
Diagnostic
Imaging
Centers		  Totals
For the three months ended December 31, 2015               
Net revenues from external customers  $3,050   $15,319   $18,369 
Inter-segment net revenues  $524   $—     $524 
Income from operations  $288   $3,937   $4,225 
Depreciation and amortization  $85   $763   $848 
Capital expenditures  $341   $46   $387 
                
For the three months ended December 31, 2014               
Net revenues from external customers  $2,902   $14,190   $17,092 
Inter-segment net revenues  $501   $—     $501 
Income from operations  $446   $3,152   $3,598 
Depreciation and amortization  $75   $813   $888 
Capital expenditures  $21   $29   $50 
                
For the six months ended December 31, 2015               
Net revenues from external customers  $5,379   $30,600   $35,979 
Inter-segment net revenues  $1,048   $—     $1,048 
Income from operations  $225   $7,615   $7,840 
Depreciation and amortization  $163   $1,514   $1,677 
Capital expenditures  $359   $92   $451 
                
For the six months ended December 31, 2014               
Net revenues from external customers  $6,690   $28,387   $35,077 
Inter-segment net revenues  $1,002   $—     $1,002 
Income from operations  $824   $6,212   $7,036 
Depreciation and amortization  $151   $1,625   $1,776 
Capital expenditures  $67   $55   $122