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NOTE 10 - SEGMENT AND RELATED INFORMATION
 6 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
NOTE 10 - SEGMENT AND RELATED INFORMATION

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2016 and 2015

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

(UNAUDITED)

 

 

NOTE 10 - 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, 2016. 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, 2016               
Net revenues from external customers  $2,477   $15,926   $18,403 
Inter-segment net revenues  $382   $—     $382 
Income from operations  $89   $4,520   $4,609 
Depreciation and amortization  $81   $782   $863 
Capital expenditures  $53   $908   $961 
                
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 six months ended December 31, 2016               
Net revenues from external customers  $5,098   $32,040   $37,138 
Inter-segment net revenues  $763   $—     $763 
(Loss) income from operations  $(58)  $9,419   $9,361 
Depreciation and amortization  $161   $1,558   $1,719 
Capital expenditures  $96   $1,507   $1,603 
                
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