XML 66 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Operating Segment, Geographic Information and Significant Customers (Tables)
3 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Summary of Performance of Operations by Reportable Segment
The following is a summary of the performance of the Company's operations by reportable segment:
 
 
MCE
 
MDS
 
Eliminations
 
Total
THREE MONTHS ENDED
SEPTEMBER 30, 2014
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
48,556

 
$
5,379

 
$
126

 
$
54,061

Intersegment revenues
 
501

 
140

 
(641
)
 

Net revenues
 
$
49,057

 
$
5,519

 
$
(515
)
 
$
54,061

Adjusted EBITDA
 
$
7,289

 
$
486

 
$
228

 
$
8,003

THREE MONTHS ENDED
SEPTEMBER 30, 2013
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
43,488

 
$
7,916

 
$
(678
)
 
$
50,726

Intersegment revenues
 
1,114

 

 
(1,114
)
 

Net revenues
 
$
44,602

 
$
7,916

 
$
(1,792
)
 
$
50,726

Adjusted EBITDA
 
$
2,343

 
$
1,062

 
$
(82
)
 
$
3,323

Reconciliation of Net Income (loss), Most Directly Comparable GAAP Financial Measure to Adjusted EBITDA
The following table reconciles the Company’s income (loss) from continuing operations, the most directly comparable GAAP financial measure, to its adjusted EBITDA:
 
 
Three Months Ended September 30,

 
2014
 
2013
Income (loss) from continuing operations
 
$
717

 
$
(2,304
)
Interest expense, net
 
5

 
14

Tax benefit
 

 
(1,319
)
Depreciation
 
1,700

 
1,974

Amortization of intangible assets
 
1,762

 
1,985

Restructuring and other charges
 
1,268

 
(15
)
Stock-based compensation expense
 
2,551

 
2,988

Adjusted EBITDA
 
$
8,003

 
$
3,323

Geographic Distribution of Revenues and Long Lived Assets from Continuing Operations
The geographic distribution of the Company’s revenues is summarized as follows:
 
 
 
US
 
Europe
 
Asia Pacific
 
Eliminations
 
Total
THREE MONTHS ENDED
SEPTEMBER 30, 2014
 
 
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
53,085

 
$
346

 
$
630

 
$

 
$
54,061

Inter-geographic revenues
 
583

 

 

 
(583
)
 

Net revenues
 
$
53,668

 
$
346

 
$
630

 
$
(583
)
 
$
54,061

THREE MONTHS ENDED
SEPTEMBER 30, 2013
 
 
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
49,456

 
$
508

 
$
762

 
$

 
$
50,726

Inter-geographic revenues
 
819

 
157

 
140

 
(1,116
)
 

Net revenues
 
$
50,275

 
$
665

 
$
902

 
$
(1,116
)
 
$
50,726

Foreign revenue is based on the country in which the Company’s legal subsidiary is domiciled.
The geographic distribution of the Company’s long-lived assets is summarized as follows:
 
 
U.S.
 
Europe
 
Asia Pacific
 
Eliminations
 
Total
September 30, 2014
 
$
13,298

 
$
40

 
$
5

 
$

 
$
13,343

June 30, 2014
 
$
14,090

 
$
48

 
$
6

 
$

 
$
14,144

Customers Comprising Ten Percent or More Revenues
Customers comprising 10% or more of the Company’s revenues for the periods shown below are as follows:
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Raytheon Company
 
35
%
 
13
%
Lockheed Martin Corporation
 
30
%
 
12
%
Northrop Grumman Corporation
 
*

 
16
%
BAE Systems PLC
 
*

 
11
%
 
 
65
%
 
52
%
*
Indicates that the amount is less than 10% of the Company’s revenues for the respective period.
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]
Programs comprising 10% or more of the Company’s revenues for the periods shown below are as follows:
 
 
Three Months Ended
September 30,
 
 
2014
 
2013
SEWIP
 
18
%
 

Patriot
 
18
%
 

Aegis
 
11
%
 
*

F-35
 
10
%
 
*

 
 
57
%
 
%
*
Indicates that the amount is less than 10% of the Company’s revenues for the respective period.