Segment Information

9 Months Ended

Mar. 29, 2014

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						Nine Months Ended
(unaudited)	March 29, 2014			March 30, 2013			March 29, 2014			March 30, 2013
Revenues:
Robotics	$	11,973		$	8,254		$	33,714		$	25,305
Services and Support		3,148			2,689			9,566			7,816
Total revenues	$	15,121		$	10,943		$	43,280		$	33,121
Segment operating income (loss):
Robotics	$	1,330		$	(867	)	$	3,879		$	(2,701	)
Services and Support		1,187			953			3,725			2,385
Segment operating income (loss)		2,517			86			7,604			(316	)
Unallocated research, development and engineering and general and administrative expenses		(2,190	)		(1,762	)		(7,248	)		(7,044	)
Restructuring charges		—			(114	)		—			(509	)
Amortization of intangible assets		(61	)		(89	)		(183	)		(322	)
Impairment of intangibles and goodwill		—			—			—			(1,708	)
Operating income (loss)		266			(1,879	)		173			(9,899	)
Net interest expense		12			8			7			(41	)
Foreign currency exchange gain		140			213			201			109
Income (loss) before income taxes	$	418		$	(1,658	)	$	381		$	(9,831	)

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				Nine Months Ended
(unaudited)	March 29, 2014		March 30, 2013		March 29, 2014		March 30, 2013
Revenues:
United States	$	4,619	$	3,273	$	11,368	$	9,699
Europe		6,715		5,494		18,800		17,028
Asia		3,526		1,948		11,404		5,535
All other countries		261		228		1,708		859
Total	$	15,121	$	10,943	$	43,280	$	33,121

(unaudited)	March 29, 2014		June 30, 2013
Long-lived assets:
United States	$	2,789	$	3,278
All other countries		860		1,021
Total long-lived tangible assets	$	3,649	$	4,299

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