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XYRATEX LTDNOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)(U.S. dollars and amounts in thousands, except per share data, unless otherwise stated)16. Segment Information (Continued)Storage Infrastructure. Provision of high-performance, high density disk drive, process & testtechnology to the major disk drive companies and their component suppliers for the development andproduction of highly reliable disk drives.Segment revenue and profit.The accounting policies used to derive reportable segment results are generally the same as thosedescribed in Note 2, ‘‘Summary of Significant Accounting Policies’’.The following tables reflect the results of the Company’s reportable segments under the Company’smanagement reporting system. These results are not necessarily a depiction that is in conformity withaccounting principles generally accepted in the United States and in particular does not include thenon-cash equity compensation charge. The performance of each segment is generally measured basedon gross profit.Year Ended November 30,2005 2004 2003Revenues:Storage & Network Systems ................. $415,379 $318,692 $221,714Storage Infrastructure ...................... 264,230 140,322 112,055Total Segments ........................... $679,609 $459,014 $333,769Gross profit:Storage & Network Systems ................. $ 64,831 $ 56,282 $ 39,010Storage Infrastructure ...................... 79,463 46,174 34,739Total Segments ........................... 144,294 102,456 73,749Non cash equity compensation ............... — (7,827) (690)Total .................................. $144,294 $ 94,629 $ 73,059Depreciation and amortization:Storage & Network Systems ................. $ 4,874 $ 3,025 $ 3,282Storage Infrastructure ...................... 4,618 2,827 1,209Total Segments ........................... 9,492 5,851 4,491Corporate .............................. 420 654 478Total .................................. $ 9,912 $ 6,505 $ 4,969Total segments revenue represents total revenues as reported by the Company for all periodspresented. Gross profit above represents gross profit as reported by the Company for all periodspresented. Income (loss) from continuing operations before income taxes as reported by the Companyfor all periods presented also includes total operating expenses and net interest income (expense). Thechief operating decision maker does not review asset information by segment and therefore no assetinformation is presented.F-38