Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Segment Information

v3.8.0.1
Note 11 - Segment Information
9 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
Note
11.
Segment Information:
 
The Company's management evaluates segment operating performance based on operating income before certain charges to cost of sales and selling, general and administrative expenses, principally associated with acquisition accounting related to inventory, amortization of acquisition-related intangible assets and other acquisition-related expenses.
 
The following is financial information relating to the Company's reportable segments (in thousands):
 
   
Quarter Ended
   
Nine Months Ended
 
   
March 31,
   
March 31,
 
   
2018
   
2017
   
2018
   
2017
 
Net sales:
                               
Biotechnology
  $
110,029
    $
94,516
    $
306,516
    $
267,256
 
Protein Platforms
   
25,539
     
23,586
     
79,566
     
64,707
 
Diagnostics
   
28,548
     
25,978
     
76,963
     
74,542
 
Intersegment
   
(143
)
   
(43
)
   
(306
)
   
(80
)
Consolidated net sales
  $
163,973
    $
144,037
    $
462,739
    $
406,425
 
Operating income:
                               
Biotechnology
  $
53,013
    $
45,242
    $
143,826
    $
127,195
 
Protein Platforms
   
2,461
     
3,256
     
11,636
     
5,308
 
Diagnostics
   
7,988
     
6,004
     
17,594
     
18,108
 
Segment operating income
  $
63,462
    $
54,502
    $
173,056
    $
150,611
 
Costs recognized on sale of acquired inventory
   
(1,431
)
   
(637
)
   
(2,013
)
   
(2,770
)
Amortization of acquisition related intangible assets
   
(11,872
)
   
(11,689
)
   
(34,547
)
   
(33,504
)
Acquisition related expenses
   
(1,312
)
   
(3,993
)
   
(23,994
)
   
(19,581
)
Stock based compensation
   
(4,748
)
   
(3,974
)
   
(13,587
)
   
(11,219
)
Corporate general, selling, and administrative expenses
   
(1,015
)
   
(707
)
   
(5,652
)
   
(2,999
)
Consolidated operating income
  $
43,084
    $
33,502
    $
93,263
    $
80,538