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NOTE 9 - SEGMENT AND RELATED INFORMATION
 6 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
NOTE 9 - SEGMENT AND RELATED INFORMATION

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2017 and 2016

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

(UNAUDITED)

 

NOTE 9 - 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 December 31, 2017               
Net revenues from external customers  $2,656   $17,512   $20,168 
Inter-segment net revenues  $227   $—     $227 
Income from operations  $164   $5,646   $5,810 
Depreciation and amortization  $84   $914   $998 
Capital expenditures  $135   $1,033   $1,168 
                
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 six months ended December 31, 2017               
Net revenues from external customers  $5,110   $34,392   $39,502 
Inter-segment net revenues  $446   $—     $446 
(Loss) income from operations  $(33)  $10,629   $10,596 
Depreciation and amortization  $166   $1,791   $1,957 
Capital expenditures  $179   $1,683   $1,862 
                
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 
Income from operations  $(58)  $9,419   $9,361 
Depreciation and amortization  $161   $1,558   $1,719 
Capital expenditures  $96   $1,507   $1,603