NOTE 10 - SEGMENT AND RELATED INFORMATION

9 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

NOTE 10 - SEGMENT AND RELATED INFORMATION

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017 and 2016

(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, 2017. 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, 2017
Net revenues from external customers	$	3,162		$	16,846	$	20,008
Inter-segment net revenues	$	218		$	—	$	218
Income from operations	$	104		$	5,899	$	6,003
Depreciation and amortization	$	81		$	787	$	868
Capital expenditures	$	26		$	267	$	293
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 nine months ended March 31, 2017
Net revenues from external customers	$	8,259		$	48,887	$	57,146
Inter-segment net revenues	$	981		$	—	$	981
Income from operations	$	46		$	15,318	$	15,364
Depreciation and amortization	$	242		$	2,345	$	2,587
Capital expenditures	$	122		$	1,774	$	1,896
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