Segment Information

3 Months Ended

Oct. 31, 2013

Segment Information

16. Segment Information:

Our business is strategically aligned into three segments: Medical Imaging, Ultrasound, and Security Technology. Our business segments are described as follows:

• Medical Imaging, which primarily includes systems and subsystems for CT and MRI medical imaging equipment as well as state-of-the-art, selenium-based detectors for screening of breast cancer and other diagnostic applications in mammography.

• Ultrasound, which includes ultrasound systems and transducers used primarily in the urology, surgery (including robotic assisted surgery), anesthesia, and point-of-care markets.

• Security Technology, which includes advanced threat detecting CT systems utilizing our expertise in advanced imaging technology, primarily used in checked baggage screening at airports worldwide.

The tables below present information about our reportable segments:

	For the Three Months Ended
	October 31
(in millions)	2013			2012
Product revenue:
Medical Imaging	$	59.2		$	72.1
Ultrasound		34.7			31.7
Security Technology		14.6			8.8
Total product revenue	$	108.5		$	112.6
Engineering revenue:
Medical Imaging	$	1.0		$	3.9
Ultrasound		-			-
Security Technology		0.6			3.4
Total engineering revenue	$	1.6		$	7.3
Net revenue:
Medical Imaging	$	60.2		$	76.0
Ultrasound		34.7			31.7
Security Technology		15.2			12.2
Total net revenue	$	110.1		$	119.9
(Loss) income from operations
Medical Imaging	$	(0.5	)	$	7.4
Ultrasound		(4.0	)		(0.8	)
Security Technology		(0.9	)		0.8
Total (loss) income from operations		(5.4	)		7.4
Total other expense, net		(0.4	)		(0.9	)
(Loss) income from operations before income taxes	$	(5.8	)	$	6.5

	As of		As of
	October 31,		July 31,
(in millions)	2013		2013
Identifiable assets by segment:
Medical Imaging	$	207.5	$	217.1
Ultrasound		209.7		218.4
Security Technology		36.4		53.4
Total reportable segment assets		453.6		488.9
Corporate assets (A)		124.4		98.9
Total assets	$	578.0	$	587.8

	As of		As of
	October 31,		July 31,
(in millions)	2013		2013
Goodwill by segment:
Medical Imaging	$	1.9	$	1.9
Ultrasound		48.2		48.2
Security Technology		-		-
Corporate (B)		6.9		-
Total reportable segment goodwill	$	57.0	$	50.1

(A) Includes cash and cash equivalents of $62.4 million and $57.4 million as of October 31, 2013 and July 31, 2013, respectively.

(B) Includes goodwill related to the acquisition of PocketSonics.