SEGMENT REPORTING - Note 9

3 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

SEGMENT REPORTING - Note 9

9. SEGMENT REPORTING

ASC 280, Segment Reporting, establishes annual and interim reporting standards for an enterprise's business segments and related disclosures about its products, services, geographic areas and major customers. Under ASC 280, the method for determining what information to report is based upon the way management organizes the operating segments within the Company for making operating decisions and assessing financial performance. The Company manages its operations primarily on a geographic basis. The Chief Executive Officer, the Chief Financial Officer, and the Chief Technology Officer or the Company's Chief Operating Decision Makers (CODMs), evaluate performance of the Company and make decisions regarding allocation of resources based on geographic results. The Company's reportable segments are the Americas and Europe. The Americas segment is primarily North America. The Europe segment is primarily the United Kingdom. Each operating segment provides similar products and services.

The Company's CODMs evaluate the performance of its operating segments based on revenues and net income. The Company does not allocate research and development, sales and marketing, general and administrative, amortization expense, stock-based compensation expense, and commitment and contingencies for each segment as management does not consider this information in its evaluation of the performance of each operating segment. Revenues are attributed to each segment based on the ordering location of the customer or ship to location.

The following tables set forth the segment and geographic information for each period (in thousands):

		Revenue for the
		Three Months Ended
		June 30,
		2017		2016
Americas (principally US)	$	62,405	$	53,398
Europe (principally UK)		6,693		6,643
	$	69,098	$	60,041

Revenue is based upon the destination of shipments and the customers' service address. For the three months ended June 30, 2017 and 2016, intersegment revenues of approximately $2.5 million and $1.1 million, respectively, were eliminated in consolidation, and have been excluded from the table above.

		Depreciation and
		Amortization for the
		Three Months Ended
		June 30,
		2017		2016
Americas (principally US)	$	2,533	$	1,618
Europe (principally UK)		1,194		959
	$	3,727	$	2,577

		Net Income (Loss) for the
		Three Months Ended
		June 30,
		2017		2016
Americas (principally US)	$	409	$	1,466
Europe (principally UK)		(2,578)		(1,994)
	$	(2,169)	$	(528)

		June 30, 2017				March 31, 2017
		Total		Property and		Total		Property and
		Assets		Equipment, net		Assets		Equipment, net
Americas (principally US)	$	309,212	$	20,519	$	284,011	$	11,803
Europe (principally UK)		50,934		6,454		49,844		4,581
	$	360,146	$	26,973	$	333,855	$	16,384