Segment Information

3 Months Ended

Oct. 31, 2014

Segment Information

14. Segment Information:

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

• Medical Imaging primarily includes systems and subsystems for Computed Tomography, or CT, and Magnetic Resonance Imaging, or 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 includes ultrasound systems and transducers primarily in the urology, surgery, anesthesia, and point-of-care markets.

• Security and Detection, formerly known as Security Technology, includes advanced threat detection systems utilizing our expertise in CT and advanced detection 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)	2014			2013
Product Revenue:
Medical Imaging	$	66.3		$	59.2
Ultrasound		37.3			34.7
Security and Detection		13.3			14.6
Total product revenue	$	116.9		$	108.5
Engineering Revenue:
Medical Imaging	$	0.4		$	1.0
Ultrasound		0.5			-
Security and Detection		0.5			0.6
Total engineering revenue	$	1.4		$	1.6
Net Revenue:
Medical Imaging	$	66.7		$	60.2
Ultrasound		37.8			34.7
Security and Detection		13.8			15.2
Total net revenue	$	118.3		$	110.1
Income (loss) from operations
Medical Imaging	$	7.4		$	(0.5	)
Ultrasound		(3.0	)		(4.0	)
Security and Detection		0.6			(0.9	)
Total income (loss) from operations		5.0			(5.4	)
Total other income (expense), net		0.1			(0.4	)
Income (loss) from operations before income taxes	$	5.1		$	(5.8	)

	As of		As of
	October 31,		July 31,
(in millions)	2014		2014
Identifiable assets by segment:
Medical Imaging	$	207.2	$	218.5
Ultrasound		240.3		235.5
Security and Detection		34.4		35.0
Total reportable segment assets		481.9		489.0
Corporate assets (A)		121.4		125.3
Total assets	$	603.3	$	614.3
	As of		As of
	October 31,		July 31,
(in millions)	2014		2014
Goodwill by segment:
Medical Imaging	$	1.9	$	1.9
Ultrasound		55.1		55.1
Security and Detection (B)		0.6		-
Total reportable segment goodwill	$	57.6	$	57.0

(A) Includes cash and cash equivalents of $57.1 million and $60.9 million as of October 31, 2014 and July 31, 2014, respectively.

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