Segment Information

12 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Information

14.         Segment Information

In fiscal 2015, the Company has four reportable segments based on its business activities and organization:

· Pro-Dex located in Irvine, California – providing primarily medical and dental instruments using shared production and assembly machines and workforce. This segment also incorporates Huber Precision as the revenues and assets of Huber Precision are not material to the Company’s total revenues and assets.

· OMS located in Beaverton, Oregon – providing multi-axis motion control applications.

· Fineline located in San Dimas, California.  This business was purchased on February 1, 2015 and is a manufacturer of plastic injection molds for a variety of industries.

· Engineering Services Division or (“ESD”).  This division was launched in fiscal 2015 to provide permanent placement and contract services in the fields of engineering, manufacturing and quality to diverse businesses.

In deciding how to allocate resources and assess performance, the Company’s chief executive officer regularly evaluates the sales and operating income of these segments. Operating income is the gross margin of the segment less direct expenses of the segment. Unallocated corporate expenses include our corporate administrative cost center, which primarily includes costs associated with being a public company, as well as general and administrative expenses incurred related to our investment in the Ramsey property and related notes receivable and is a subset of total general and administrative expenses. Additionally, other costs incurred in our general and administrative expenses (“G&A”) including salaries and other personnel-related expenses for corporate, accounting, finance and human resource personnel, as well as costs for outsourced information technology services, are not allocated by segment internally and are included in Pro-Dex in the tables below. The following tables summarize segment performance for fiscal 2015 and 2014 (in thousands):

	Pro-Dex		OMS		Fineline			ESD			Corporate Unallocated			Total
Fiscal 2015
Net Sales	$	11,617	$	1,394	$	257		$	115		$	—		$	13,383
Gross Profit		2,653		927		44			80			—			3,704
Operating Income (loss)		75		144		(33	)		(361	)		(727	)		(902	)
Depreciation and amortization expense		536		11		31			—			—			578
Total assets		8,479		548		962			17			2,510			12,516

	Pro-Dex			OMS		Fineline		ESD		Corporate Unallocated			Total
Fiscal 2014
Net Sales	$	9,298		$	1,514	$	—	$	—	$	—		$	10,812
Gross Profit		2,040			926		—		—		—			2,966
Operating Income (loss)		(376	)		103		—		—		(541	)		(814	)
Depreciation and amortization expense		513			14		—		—		—			527
Total assets		6,639			602		—		—		4,467			11,708