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Segment information
9 Months Ended
Apr. 30, 2018
Segment Reporting [Abstract]  
Segment information

15. 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 anesthesia 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

 

 

Nine Months Ended

 

 

 

April 30,

 

 

April 30,

 

(in millions)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Product revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Medical Imaging

 

$

59.8

 

 

$

68.2

 

 

$

173.8

 

 

$

205.9

 

Ultrasound

 

 

42.0

 

 

 

34.8

 

 

 

122.7

 

 

 

110.7

 

Security and Detection

 

 

15.4

 

 

 

17.8

 

 

 

53.1

 

 

 

54.8

 

Total product revenue

 

$

117.2

 

 

$

120.8

 

 

$

349.6

 

 

$

371.4

 

Engineering revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Medical Imaging

 

$

1.6

 

 

$

1.3

 

 

$

4.0

 

 

$

3.1

 

Ultrasound

 

 

0.2

 

 

 

-

 

 

 

0.3

 

 

 

0.2

 

Security and Detection

 

 

1.0

 

 

 

0.1

 

 

 

2.1

 

 

 

0.1

 

Total engineering revenue

 

$

2.8

 

 

$

1.4

 

 

$

6.4

 

 

$

3.4

 

Net revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Medical Imaging

 

$

61.4

 

 

$

69.5

 

 

$

177.8

 

 

$

209.0

 

Ultrasound

 

 

42.2

 

 

 

34.8

 

 

 

123.0

 

 

 

110.9

 

Security and Detection

 

 

16.4

 

 

 

17.9

 

 

 

55.2

 

 

 

54.9

 

Total net revenue

 

$

120.0

 

 

$

122.2

 

 

$

356.0

 

 

$

374.8

 

Income (loss) from operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Medical Imaging (A)

 

$

5.4

 

 

$

12.2

 

 

$

17.6

 

 

$

31.3

 

Ultrasound (B)

 

 

-

 

 

 

(79.3

)

 

 

5.7

 

 

 

(89.7

)

Security and Detection

 

 

1.9

 

 

 

2.5

 

 

 

7.6

 

 

 

7.2

 

Total income from operations

 

 

7.3

 

 

 

(64.6

)

 

 

30.9

 

 

 

(51.2

)

Total other income (loss), net

 

 

0.3

 

 

 

0.1

 

 

 

1.5

 

 

 

(0.4

)

Income before income taxes

 

$

7.6

 

 

$

(64.5

)

 

$

32.4

 

 

$

(51.6

)

 

 

 

As of

 

 

As of

 

 

 

April 30,

 

 

July 31,

 

(in millions)

 

2018

 

 

2017

 

Identifiable total assets by segment:

 

 

 

 

 

 

 

 

Medical Imaging

 

$

161.6

 

 

$

169.1

 

Ultrasound

 

 

136.6

 

 

 

133.6

 

Security and Detection

 

 

43.9

 

 

 

36.0

 

Total reportable segment assets

 

 

342.1

 

 

 

338.7

 

Corporate assets (C)

 

 

235.6

 

 

 

197.0

 

Total identifiable assets

 

$

577.7

 

 

$

535.7

 

 

(A)

Includes restructuring charges of $0.0 million and $0.2 million for the three months ended April 30, 2018 and April 30, 2017, respectively, and $0.1 million and $0.4 million for each of the nine months ended April 30, 2018 and April 30, 2017, respectively.

(B)

Includes restructuring charges of $0.0 million and $1.8 million for each of the three months ended April 30, 2018 and April 30, 2017, respectively, and $0.6 million and $1.9 million for the nine months ended April 30, 2018 and April 30, 2017, respectively.            

(C)  

Includes cash, cash equivalents, and short-term marketable securities of $165.3 million and $135.2 million as of April 30, 2018 and July 31, 2017, respectively.