Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.20.4
Business Segment Information
3 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Business Segment Information

 

9.  Business Segment Information

 

With the divesture of our Automation segment in the first quarter of fiscal 2020, we evaluated our organizational structure and concluded that we have two reportable business segments following the divestiture. Our two reportable segments are as follows:

 

Semiconductor We design, manufacture, sell and service thermal processing equipment and related controls for use by leading semiconductor manufacturers, and in electronics, automotive and other industries.

 

SiC/LED We produce consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics and metal components.

 

Information concerning our business segments is as follows, in thousands:

 

 

 

Three Months Ended December 31,

 

 

 

2020

 

 

2019

 

Net Revenues:

 

 

 

 

 

 

 

 

Semiconductor

 

$

15,575

 

 

$

17,232

 

SiC/LED

 

 

2,400

 

 

 

2,817

 

Non-segment related

 

 

 

 

 

643

 

 

 

$

17,975

 

 

$

20,692

 

Operating income (loss):

 

 

 

 

 

 

 

 

Semiconductor

 

$

2,197

 

 

$

2,722

 

SiC/LED

 

 

(66

)

 

 

534

 

Non-segment related

 

 

(1,077

)

 

 

(1,619

)

 

 

$

1,054

 

 

$

1,637

 

 

 

 

 

December 31,

2020

 

 

September 30,

2020

 

Identifiable Assets:

 

 

 

 

 

 

 

 

Semiconductor

 

$

55,007

 

 

$

51,648

 

SiC/LED

 

 

12,934

 

 

 

12,717

 

Non-segment related*

 

 

36,586

 

 

 

37,733

 

 

 

$

104,527

 

 

$

102,098

 

 

*

Non-segment related assets include cash, property, income tax assets and other assets.

 

Goodwill and other long-lived assets

 

We review our long-lived assets, including goodwill, for impairment at least annually in our fourth quarter or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Additional information on impairment testing of long-lived assets, intangible assets and goodwill can be found in Notes 1 and 10 of our Annual Report on Form 10-K for the year ended September 30, 2020.