Segment Information

9 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company reports financial results in three segments: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems. A description of segments is included in the 2013 Annual Report on Form 10-K.

The Company evaluates the performance of, and allocates resources to, each of its segments based on their revenues, operating income (loss) and returns on invested assets. Operating income (loss) for each segment includes selling, general and administrative expenses directly attributable to the segment. Other unallocated corporate expenses, amortization of acquired intangible assets (excluding completed technology) and restructuring and other charges are excluded from the segments’ operating income (loss). The Company’s indirect overhead costs, which include various general and administrative expenses, are allocated among the segments based upon multiple cost drivers associated with the respective administrative function, including segment revenue, segment headcount, or an analysis of the segments that benefit from a specific administrative function. Segment assets exclude cash, cash equivalents, restricted cash, marketable securities, deferred tax assets, assets held for sale and investments in equity method investments.

Financial information for the Company’s business segments, excluding amounts related to the discontinued operations, is as follows (in thousands):

	Brooks Product Solutions			Brooks Global Services		Brooks Life Science Systems			Total
Three months ended June 30, 2014
Revenue
Product	$	75,367		$	3,392	$	14,464		$	93,223
Services	—			20,246		3,890			24,136
	$	75,367		$	23,638	$	18,354		$	117,359
Gross profit	$	25,834		$	8,399	$	6,513		$	40,746
Segment operating income (loss)	$	451		$	3,784	$	(1,110	)	$	3,125
Three months ended June 30, 2013
Revenue
Product	$	79,576		$	3,028	$	5,956		$	88,560
Services	—			19,398		2,813			22,211
	$	79,576		$	22,426	$	8,769		$	110,771
Gross profit	$	24,621		$	7,750	$	3,704		$	36,075
Segment operating income (loss)	$	2,984		$	3,815	$	(2,521	)	$	4,278
Nine months ended June 30, 2014
Revenue
Product	$	246,820		$	11,044	$	31,023		$	288,887
Services	—			59,304		12,140			71,444
	$	246,820		$	70,348	$	43,163		$	360,331
Gross profit	$	86,295		$	23,900	$	15,740		$	125,935
Segment operating income (loss)	$	10,906		$	8,875	$	(8,150	)	$	11,631
Nine months ended June 30, 2013
Revenue
Product	$	214,566		$	10,264	$	23,410		$	248,240
Services	—			54,907		8,612			63,519
	$	214,566		$	65,171	$	32,022		$	311,759
Gross profit	$	63,914		$	19,116	$	12,409		$	95,439
Segment operating income (loss)	$	(3,463	)	$	6,102	$	(6,418	)	$	(3,779	)
Assets
June 30, 2014	$	264,340		$	61,023	$	107,136		$	432,499
September 30, 2013	$	226,759		$	59,762	$	105,221		$	391,742

A reconciliation of the Company’s reportable segment operating income (loss) to the corresponding consolidated amounts for the three and nine month periods ended June 30, 2014 and 2013 is as follows (in thousands):

	Three months ended June 30,					Nine months ended June 30,
	2014			2013		2014			2013
Segment operating income (loss)	$	3,125		$	4,278	$	11,631		$	(3,779	)
Amortization of acquired intangible assets	1,606			1,399		4,522			4,255
Restructuring and other charges	3,122			560		4,641			6,001
Impairment of variable interest entity note receivable	2,621			—		2,621			—
Other unallocated corporate expenses	1,686			186		1,903			1,470
Total operating income (loss)	$	(5,910	)	$	2,133	$	(2,056	)	$	(15,505	)

A reconciliation of the Company’s reportable segment assets to the corresponding consolidated amounts as of June 30, 2014 and September 30, 2013 is as follows (in thousands):

	June 30, 2014		September 30, 2013
Segment assets	$	432,499	$	391,742
Cash, cash equivalents, restricted cash and marketable securities	243,754		173,539
Deferred tax assets	85,076		115,985
Assets held for sale	—		27,778
Equity method investments	30,760		25,687
Other unallocated corporate net assets	3,916		2,032
Total assets	$	796,005	$	736,763