Segment Information

3 Months Ended

Sep. 27, 2014

Segment Reporting [Abstract]

Segment Information

9. 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
(unaudited)	September 27, 2014			September 28, 2013
Revenues:
Robotics	$	11,283		$	10,357
Services and Support		3,119			3,214
Total revenues	$	14,402		$	13,571
Segment operating income:
Robotics	$	905		$	1,176
Services and Support		1,213			1,358
Segment operating income		2,118			2,534
Unallocated research, development and engineering and general and administrative expenses		(1,973	)		(2,715	)
Amortization of intangible assets		(61	)		(61	)
Operating income (loss)		84			(242	)
Net interest expense					(5	)
Foreign currency exchange gain (loss)		78			(96	)
Income (loss) before income taxes	$	162		$	(343	)

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

	Three Months Ended
(unaudited)	September 27, 2014		September 28, 2013
Revenues:
United States	$	2,349	$	2,933
Europe		8,279		6,313
Asia		3,230		3,953
All other countries		544		372
Total	$	14,402	$	13,571

(unaudited)	September 27, 2014		June 30, 2014
Long-lived tangible assets:
United States	$	709	$	795
All other countries		372		377
Total long-lived tangible assets	$	1,081	$	1,172

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