Segment Information

6 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Information

Segment Information

Operating segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company's Chief Executive Officer is the Company's chief operating decision maker.

Prior to the third quarter of fiscal year 2016, the Company had three operating and reportable segments that consisted of Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems. During the third quarter of fiscal year 2016, the Company reorganized its previous reporting structure into two operating and reportable segments consisting of: (i) Brooks Semiconductor Solutions Group; and (ii) Brooks Life Science Systems and reported its financial results for the periods then ended based on the revised segment structure. Please refer to Note 20, "Segment and Geographic Information" to the Company's Consolidated Financial Statements included in the 2016 Annual Report in the Form 10-K for further information on the segments realignment, operating segments' description and accounting policies.

The following is the summary of the financial information for the Company’s operating and reportable segments for the three and six months ended March 31, 2017 and 2016 (in thousands):

	Brooks Semiconductor Solutions Group		Brooks Life Science Systems			Total
Three Months Ended March 31, 2017:
Revenue
Products	$	115,634	$	16,979		$	132,613
Services	19,031		17,689			36,720
Total revenue	$	134,665	$	34,668		$	169,333
Gross profit	$	51,325	$	13,199		$	64,524
Segment operating income	20,003		1,290			21,293
Depreciation expense	1,319		1,045			2,364
Three Months Ended March 31, 2016:
Revenue
Products	$	90,238	$	11,224		$	101,462
Services	18,581		15,238			33,819
Total revenue	$	108,819	$	26,462		$	135,281
Gross profit	$	36,943	$	9,857		$	46,800
Segment operating income (loss)	6,658		(2,217		)	4,441
Depreciation expense	1,041		946			1,987
Six Months Ended March 31, 2017:
Revenue
Products	$	225,029	$	29,698		$	254,727
Services	36,252		38,309			74,561
Total revenue	$	261,281	$	68,007		$	329,288
Gross profit	$	96,794	$	24,673		$	121,467
Segment operating income	37,374		1,402			38,776
Depreciation expense	2,595		2,135			4,730
Six Months Ended March 31, 2016:
Revenue
Product	$	169,417	$	21,225		$	190,642
Services	38,478		26,116			64,594
Total revenue	$	207,895	$	47,341		$	255,236
Gross profit	$	71,602	$	15,752		$	87,354
Segment operating income (loss)	9,598		(6,819		)	2,779
Depreciation expense	1,927		1,434			3,361
Assets:
March 31, 2017	$	323,003	$	257,763		$	580,766
September 30, 2016	317,717		247,735			565,452

The following is a reconciliation of the Company’s operating and reportable segments' operating income (loss) and segment assets to the corresponding amounts presented in the accompanying unaudited Consolidated Balance Sheets and Consolidated Statements of Operations for the three and six months ended March 31, 2017 and 2016 (in thousands):

	Three Months Ended March 31,					Six Months Ended March 31,
	2017		2016			2017		2016
Segment operating income	$	21,293	$	4,441		$	38,776	$	2,779
Amortization of acquired intangible assets	3,294		3,091			6,358		5,302
Restructuring and other charges	860		7,336			1,835		8,811
Other unallocated corporate expenses	2,338		353			2,620		3,325
Total operating income (loss)	$	14,801	$	(6,339	)	$	27,963	$	(14,659	)

	March 31, 2017		September 30, 2016
Segment assets	$	580,766	$	565,452
Cash, cash equivalents and marketable securities	110,115		91,221
Deferred tax assets	1,495		1,982
Equity method investments	29,803		27,250
Total assets	$	722,179	$	685,905