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Segment Reporting
9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
Under common operational management, the Company designs, develops, manufactures and markets its navigation, guidance and stabilization and mobile communications products for use in a wide variety of applications. Products are generally sold directly to third-party consumer electronic dealers and retailers, original equipment manufacturers, government contractors or to U.S. and other foreign government agencies. Primarily, sales originating in the Americas consist of sales within the United States and Canada and, to a lesser extent, Mexico and some Latin and South American countries. The Americas’ sales also include all guidance and stabilization product sales throughout the world. Sales originating from the Company’s European and Asian subsidiaries principally consist of sales into all European countries, both inside and outside the European Union, as well as Africa, Asia/Pacific, the Middle East and India.
The Company operates in two geographic segments, exclusively in the mobile communications, navigation and guidance and stabilization equipment industry, which it considers to be a single business activity. The Company has two primary product categories: mobile communications and guidance and stabilization. Mobile communications sales and services include marine, land mobile, automotive, and aeronautical communication equipment and satellite-based voice, television and Broadband Internet connectivity services, as well as DIRECTV account subsidies and referral fees earned in conjunction with the sale of our products. Guidance and stabilization sales and services include sales of defense-related navigation and guidance and stabilization equipment based upon digital compass and fiber optic sensor technology. Mobile communications and guidance and stabilization sales also include development contract revenue, product repairs and extended warranty sales.
The following table summarizes information regarding the Company’s operations by geographic segment:
 
 
Sales Originating From
Three months ended September 30, 2012
 
Americas
 
Europe and
Asia
 
Total
Mobile communications sales to the United States
 
$
16,609

 
$

 
$
16,609

Mobile communications sales to Canada
 
205

 

 
205

Mobile communications sales to Europe
 
99

 
2,856

 
2,955

Mobile communications sales to other geographic areas
 
1,270

 
1,165

 
2,435

Guidance and stabilization sales to the United States
 
1,720

 

 
1,720

Guidance and stabilization sales to Canada
 
2,718

 

 
2,718

Guidance and stabilization sales to Europe
 
3,407

 

 
3,407

Guidance and stabilization sales to other geographic areas
 
8,773

 

 
8,773

Intercompany sales
 
1,577

 
221

 
1,798

Subtotal
 
36,378

 
4,242

 
40,620

Eliminations
 
(1,577
)
 
(221
)
 
(1,798
)
Net sales
 
$
34,801

 
$
4,021

 
$
38,822

Segment net income (loss)
 
$
1,996

 
$
(251
)
 
$
1,745

Depreciation and amortization
 
$
1,030

 
$
141

 
$
1,171

Total assets
 
$
114,039

 
$
20,062

 
$
134,101

 
 
Sales Originating From
Three months ended September 30, 2011
 
Americas
 
Europe and
Asia
 
Total
Mobile communication sales to the United States
 
$
13,129

 
$

 
$
13,129

Mobile communication sales to Canada
 
204

 

 
204

Mobile communication sales to Europe
 
55

 
3,400

 
3,455

Mobile communication sales to other geographic areas
 
250

 
847

 
1,097

Guidance and stabilization sales to the United States
 
3,127

 

 
3,127

Guidance and stabilization sales to Canada
 
2,296

 

 
2,296

Guidance and stabilization sales to Europe
 
1,911

 

 
1,911

Guidance and stabilization sales to other geographic areas
 
402

 

 
402

Intercompany sales
 
2,079

 
300

 
2,379

Subtotal
 
23,453

 
4,547

 
28,000

Eliminations
 
(2,079
)
 
(300
)
 
(2,379
)
Net sales
 
$
21,374

 
$
4,247

 
$
25,621

Segment net income (loss)
 
$
642

 
$
(42
)
 
$
600

Depreciation and amortization
 
$
969

 
$
106

 
$
1,075

Total assets
 
$
104,390

 
$
16,722

 
$
121,112

 
 
Sales Originating From
Nine months ended September 30, 2012
 
Americas
 
Europe and
Asia
 
Total
Mobile communication sales to the United States
 
$
47,202

 
$

 
$
47,202

Mobile communication sales to Canada
 
571

 

 
571

Mobile communication sales to Europe
 
342

 
12,462

 
12,804

Mobile communication sales to other geographic areas
 
2,777

 
3,725

 
6,502

Guidance and stabilization sales to the United States
 
4,848

 

 
4,848

Guidance and stabilization sales to Canada
 
7,925

 

 
7,925

Guidance and stabilization sales to Europe
 
7,758

 

 
7,758

Guidance and stabilization sales to other geographic areas
 
9,959

 

 
9,959

Intercompany sales
 
8,208

 
1,271

 
9,479

Subtotal
 
89,590

 
17,458

 
107,048

Eliminations
 
(8,208
)
 
(1,271
)
 
(9,479
)
Net sales
 
$
81,382

 
$
16,187

 
$
97,569

Segment net income (loss)
 
$
1,621

 
$
(798
)
 
$
823

Depreciation and amortization
 
$
3,021

 
$
356

 
$
3,377

Total assets
 
$
114,039

 
$
20,062

 
$
134,101

 
 
Sales Originating From
Nine months ended September 30, 2011
 
Americas
 
Europe and
Asia
 
Total
Mobile communication sales to the United States
 
$
37,144

 
$

 
$
37,144

Mobile communication sales to Canada
 
680

 

 
680

Mobile communication sales to Europe
 
258

 
10,676

 
10,934

Mobile communication sales to other geographic areas
 
1,009

 
2,877

 
3,886

Guidance and stabilization sales to the United States
 
10,508

 

 
10,508

Guidance and stabilization sales to Canada
 
6,608

 

 
6,608

Guidance and stabilization sales to Europe
 
6,170

 

 
6,170

Guidance and stabilization sales to other geographic areas
 
4,673

 

 
4,673

Intercompany sales
 
6,696

 
817

 
7,513

Subtotal
 
73,746

 
14,370

 
88,116

Eliminations
 
(6,696
)
 
(817
)
 
(7,513
)
Net sales
 
$
67,050

 
$
13,553

 
$
80,603

Segment net loss
 
$
(641
)
 
$
(103
)
 
$
(744
)
Depreciation and amortization
 
$
2,965

 
$
319

 
$
3,284

Total assets
 
$
104,390

 
$
16,722

 
$
121,112