Segment information

3 Months Ended

Oct. 31, 2011

Segment information

14. Segment information:

The Company has three reportable segments: Medical Imaging, Ultrasound, and Security Technology. At the end of fiscal year 2011, the Company combined its OEM Ultrasound transducer business, which has previously been reported in the Medical Imaging segment, with its BK Medical direct Ultrasound systems business in the Ultrasound segment, under one management team. The combined business is now reported as the Ultrasound segment consistent with how the Company’s principal executive officer began monitoring the business in the first quarter of fiscal year 2012. Medical Imaging consists primarily of electronic systems and subsystems for CT and MRI medical imaging equipment and direct conversion digital x-ray detectors for mammography sold primarily through OEM customers. Ultrasound consists of ultrasound systems and transducers for the urology, ultrasound-guided surgery and radiology markets sold primarily through the Company’s direct sales force. Security Technology consists of advanced weapon and threat detection aviation security systems and subsystems sold primarily through OEM customers. The accounting policies of the segments are the same as those described in the summary of Significant Accounting Policies included in Note 1 of the Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for fiscal year 2011.

The table below presents information about the Company’s reportable segments. All periods presented have been revised accordingly to reflect the new reporting segments.

	Three Months Ended October 31,
	2011			2010
Net Revenue:
Medical Imaging	$	72,674		$	64,164
Ultrasound		34,601			28,351
Security Technology		10,582			11,307
Total	$	117,857		$	103,822
Income (loss) from operations
Medical Imaging (A)	$	5,482		$	1,687
Ultrasound (B)		(341	)		(606	)
Security Technology (C)		443			1,117
Total income from operations		5,584			2,198
Total other income (expense), net		311			(58	)
Income from continuing operations before income taxes	$	5,895		$	2,140

	October 31, 2011		July 31, 2011
Identifiable assets:
Medical Imaging	$	194,107	$	190,530
Ultrasound		126,663		129,497
Security Technology		20,440		23,644
Total reportable segment assets		341,210		343,671
Corporate assets (D)		160,204		177,881
Total assets	$	501,414	$	521,552

(A) Includes restructuring charge of $1,537 for the three months ended October 31, 2010.

(B) Includes restructuring charge of $1,582 for the three months ended October 31, 2010.

(C) Includes restructuring charge $443 for the three months ended October 31, 2010.

(D) Includes cash and cash equivalents of $118,130 and $135,069 at October 31, 2011 and July 31, 2011, respectively.