Segment information

3 Months Ended

Oct. 31, 2016

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 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 includes ultrasound systems and transducers primarily in the urology, surgery, and point-of-care markets.

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

The tables below present information about our reportable segments:

	Three Months Ended October 31,
(in millions)	2016			2015
Product revenue:
Medical Imaging	$	66.5		$	64.3
Ultrasound		35.6			36.5
Security and Detection		18.1			13.3
Total product revenue	$	120.2		$	114.1
Engineering revenue:
Medical Imaging	$	0.7		$	0.6
Ultrasound		0.2			0.2
Security and Detection		—			—
Total engineering revenue	$	0.9		$	0.8
Net revenue:
Medical Imaging	$	67.2		$	64.9
Ultrasound		35.8			36.7
Security and Detection		18.1			13.3
Total net revenue	$	121.1		$	114.9
Income from operations:
Medical Imaging (A)	$	6.7		$	6.2
Ultrasound (B)		(5.8	)		(4.4	)
Security and Detection (C)		3.0			0.2
Total income from operations		3.9			2.0
Total other income, net		(0.4	)		(0.5	)
Income before income taxes	$	3.5		$	1.5
(in millions)	As of October 31, 2016			As of July 31, 2016
Identifiable total assets by segment:
Medical Imaging	$	177.6		$	191.1
Ultrasound		150.3			152.5
Security and Detection		44.6			49.8
Total reportable segment assets		372.5			393.4
Corporate assets (D)		188.0			165.6
Total identifiable assets	$	560.5		$	559.0
(in millions)	As of October 31, 2016			As of July 31, 2016
Goodwill by segment:
Medical Imaging	$	1.9		$	1.9
Ultrasound		71.5			71.5
Security and Detection		0.5			0.5
Total goodwill	$	73.9		$	73.9

(A) Includes restructuring charges of $0.02 million and $2.0 million for October 31, 2016 and October 31, 2015, respectively.

(B) Includes restructuring charges of $0.01 million and $0.7 million for October 31, 2016 and October 31, 2015, respectively.

(C) Includes restructuring charges of $0.0 million and $0.6 million for October 31, 2016 and October 31, 2015, respectively.

(D) Includes cash and cash equivalents of $121.2 million and $97.3 million as of October 31, 2016 and July 31, 2016, respectively.