Segment Information

6 Months Ended

Dec. 28, 2013

Segment Reporting [Abstract]

Segment Information

13. Segment Information

The Company discloses certain information regarding operating segments, geographic areas of operations and major customers. This reporting is based upon the Company’s operating segments for which separate financial information is (i) available and (ii) evaluated regularly by the Chief Executive Officer who is the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company has two operating segments: Robotics and Services and Support.

Segment operating income is comprised of income before unallocated research, development and engineering expenses, unallocated selling, general and administrative expenses, interest income, and other expenses. Management does not fully allocate research, development and engineering expenses and selling, general and administrative expenses when making capital spending and expense funding decisions or assessing segment performance. All goodwill is carried in the Robotics segment. Segment information for total assets and capital expenditures is not presented as such information is not used in measuring segment performance or allocating resources between segments. There is no inter-segment revenue recognized. Transfers of materials or labor between segments are recorded at cost.

The operating results for the Company’s identified segments are presented as follows (in thousands):

	Three Months Ended						Six Months Ended
(unaudited)	December 28, 2013			December 29, 2012			December 28, 2013			December 29, 2012
Revenues:
Robotics	$	11,384		$	8,199		$	21,741		$	17,051
Services and Support		3,204			2,609			6,418			5,127
Total revenues	$	14,588		$	10,808		$	28,159		$	22,178
Segment operating income (loss):
Robotics		1,373		$	(1,190	)		2,549		$	(1,834	)
Services and Support		1,180			542			2,538			1,432
Segment operating income (loss)		2,553			(648	)		5,087			(402	)
Unallocated research, development and engineering and general and administrative expenses		(2,343	)		(2,458	)		(5,058	)		(5,282	)
Restructuring charges		—			(392	)		—			(395	)
Amortization of intangible assets		(61	)		(116	)		(122	)		(233	)
Impairment of intangibles and goodwill		—			(1,708	)		—			(1,708	)
Operating income (loss)		149			(5,322	)		(93	)		(8,020	)
Net interest expense		—			(40	)		(5	)		(49	)
Foreign currency exchange gain (loss)		157			(262	)		61			(104	)
Income (loss) before income taxes	$	306		$	(5,100	)	$	(37	)	$	(8,173	)

Management also assesses the Company’s performance, operations and assets by geographic areas, and, therefore, revenue and long-lived tangible assets are summarized as follows (in thousands):

	Three Months Ended				Six Months Ended
(unaudited)	December 28, 2013		December 29, 2012		December 28, 2013		December 29, 2012
Revenues:
United States	$	3,671	$	2,675	$	6,749	$	6,426
Europe		5,737		6,194		12,085		11,534
Asia		4,045		1,679		7,878		3,587
All other countries		1,135		260		1,447		631
Total	$	14,588	$	10,808	$	28,159	$	22,178

(unaudited)	December 28, 2013		June 30, 2013
Long-lived tangible assets:
United States	$	2,973	$	3,278
All other countries		820		1,021
Total long-lived tangible assets	$	3,793	$	4,299

Adept’s revenues are reported by geographic region based on the ship-to location of the customer order.