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NOTE 8 - SEGMENT AND RELATED INFORMATION
 9 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
NOTE 8 - SEGMENT AND RELATED INFORMATION

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2016 and 2015

(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 March 31, 2016               
Net revenues from external customers  $2,454   $16,165   $18,619 
Inter-segment net revenues  $546   $—     $546 
(Loss) income from operations  $(207)  $4,304   $4,097 
Depreciation and amortization  $79   $751   $830 
Capital expenditures  $31   $117   $148 
                
For the three months ended March 31, 2015               
Net revenues from external customers  $2,486   $14,610   $17,096 
Inter-segment net revenues  $502   $—     $502 
(Loss) income from operations  $(367)  $3,033   $2,666 
Depreciation and amortization  $78   $811   $889 
Capital expenditures  $111   $—     $111 
                
For the nine months ended March 31, 2016               
Net revenues from external customers  $7,833   $46,766   $54,599 
Inter-segment net revenues  $1,594   $—     $1,594 
Income from operations  $18   $11,919   $11,937 
Depreciation and amortization  $242   $2,265   $2,507 
Capital expenditures  $390   $209   $599 
                
For the nine months ended March 31, 2015               
Net revenues from external customers  $9,177   $42,996   $52,173 
Inter-segment net revenues  $1,504   $—     $1,504 
Income from operations  $457   $9,246   $9,703 
Depreciation and amortization  $229   $2,436   $2,665 
Capital expenditures  $178   $55   $233