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Segment Reporting
6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Segment Reporting

(8) 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 June 30, 2012

  Americas     Europe and
Asia
    Total  

Mobile communications sales to the United States

  $ 16,471     $ —       $ 16,471  

Mobile communications sales to Canada

    217       —         217  

Mobile communications sales to Europe

    119       5,321       5,440  

Mobile communications sales to other geographic areas

    650       1,266       1,916  

Guidance and stabilization sales to the United States

    2,369       —         2,369  

Guidance and stabilization sales to Canada

    2,641       —         2,641  

Guidance and stabilization sales to Europe

    2,314       —         2,314  

Guidance and stabilization sales to other geographic areas

    651       —         651  

Intercompany sales

    3,637       626       4,263  
   

 

 

   

 

 

   

 

 

 

Subtotal

    29,069       7,213       36,282  

Eliminations

    (3,637     (626     (4,263
   

 

 

   

 

 

   

 

 

 

Net sales

  $ 25,432     $ 6,587     $ 32,019  
   

 

 

   

 

 

   

 

 

 

Segment net income (loss)

  $ 896     $ (443   $ 453  

Depreciation and amortization

  $ 1,012     $ 79     $ 1,091  

Total assets

  $ 106,111     $ 20,553     $ 126,664  
   
    Sales Originating From  

Three months ended June 30, 2011

  Americas     Europe and
Asia
    Total  

Mobile communication sales to the United States

  $ 12,969     $ —       $ 12,969  

Mobile communication sales to Canada

    308       —         308  

Mobile communication sales to Europe

    107       3,951       4,058  

Mobile communication sales to other geographic areas

    398       1,310       1,708  

Guidance and stabilization sales to the United States

    3,405       —         3,405  

Guidance and stabilization sales to Canada

    2,016       —         2,016  

Guidance and stabilization sales to Europe

    2,434       —         2,434  

Guidance and stabilization sales to other geographic areas

    3,674       —         3,674  

Intercompany sales

    3,039       324       3,363  
   

 

 

   

 

 

   

 

 

 

Subtotal

    28,350       5,585       33,935  

Eliminations

    (3,039     (324     (3,363
   

 

 

   

 

 

   

 

 

 

Net sales

  $ 25,311     $ 5,261     $ 30,572  
   

 

 

   

 

 

   

 

 

 

Segment net income (loss)

  $ 209     $ (19   $ 190  

Depreciation and amortization

  $ 994     $ 105     $ 1,099  

Total assets

  $ 99,006     $ 18,625     $ 117,631  
   
    Sales Originating From  

Six months ended June 30, 2012

  Americas     Europe and
Asia
    Total  

Mobile communication sales to the United States

  $ 30,593     $ —       $ 30,593  

Mobile communication sales to Canada

    365       —         365  

Mobile communication sales to Europe

    243       9,610       9,853  

Mobile communication sales to other geographic areas

    1,507       2,556       4,063  

Guidance and stabilization sales to the United States

    3,258       —         3,258  

Guidance and stabilization sales to Canada

    5,207       —         5,207  

Guidance and stabilization sales to Europe

    4,351       —         4,351  

Guidance and stabilization sales to other geographic areas

    1,057       —         1,057  

Intercompany sales

    6,631       1,050       7,681  
   

 

 

   

 

 

   

 

 

 

Subtotal

    53,212       13,216       66,428  

Eliminations

    (6,631     (1,050     (7,681
   

 

 

   

 

 

   

 

 

 

Net sales

  $ 46,581     $ 12,166     $ 58,747  

 

 

                         
    Sales Originating From  

Three months ended June 30, 2012

  Americas     Europe and
Asia
    Total  

Segment net loss

  $ (375   $ (547   $ (922

Depreciation and amortization

  $ 1,991     $ 215     $ 2,206  

Total assets

  $ 106,111     $ 20,553     $ 126,664  
   
    Sales Originating From  

Six months ended June 30, 2011

  Americas     Europe and
Asia
    Total  

Mobile communication sales to the United States

  $ 24,036     $ —       $ 24,036  

Mobile communication sales to Canada

    476       —         476  

Mobile communication sales to Europe

    203       7,276       7,479  

Mobile communication sales to other geographic areas

    757       2,010       2,767  

Guidance and stabilization sales to the United States

    7,383       —         7,383  

Guidance and stabilization sales to Canada

    4,312       —         4,312  

Guidance and stabilization sales to Europe

    4,259       —         4,259  

Guidance and stabilization sales to other geographic areas

    4,269       —         4,269  

Intercompany sales

    4,618       518       5,136  
   

 

 

   

 

 

   

 

 

 

Subtotal

    50,313       9,804       60,117  

Eliminations

    (4,618     (518     (5,136
   

 

 

   

 

 

   

 

 

 

Net sales

  $ 45,695     $ 9,286     $ 54,981  
   

 

 

   

 

 

   

 

 

 

Segment net loss

  $ (1,283   $ (61   $ (1,344

Depreciation and amortization

  $ 1,996     $ 213     $ 2,209  

Total assets

  $ 99,006     $ 18,625     $ 117,631