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Operating Segment, Geographic Information and Significant Customers (Tables)
6 Months Ended
Dec. 31, 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
DECEMBER 31, 2014
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
51,806

 
$
4,767

 
$
516

 
$
57,089

Intersegment revenues
 
923

 
72

 
(995
)
 

Net revenues
 
$
52,729

 
$
4,839

 
$
(479
)
 
$
57,089

Adjusted EBITDA
 
$
10,510

 
$
284

 
$
(87
)
 
$
10,707

THREE MONTHS ENDED
DECEMBER 31, 2013
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
42,305

 
$
8,445

 
$
182

 
$
50,932

Intersegment revenues
 
2,733

 

 
(2,733
)
 

Net revenues
 
$
45,038

 
$
8,445

 
$
(2,551
)
 
$
50,932

Adjusted EBITDA
 
$
4,082

 
$
1,066

 
$
89

 
$
5,237

SIX MONTHS ENDED
DECEMBER 31, 2014
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
100,362

 
$
10,147

 
$
641

 
$
111,150

Intersegment revenues
 
1,425

 
211

 
(1,636
)
 

Net revenues
 
$
101,787

 
$
10,358

 
$
(995
)
 
$
111,150

Adjusted EBITDA
 
$
17,799

 
$
770

 
$
141

 
$
18,710

SIX MONTHS ENDED
DECEMBER 31, 2013
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
85,793

 
$
16,361

 
$
(496
)
 
$
101,658

Intersegment revenues
 
3,847

 

 
(3,847
)
 

Net revenues
 
$
89,640

 
$
16,361

 
$
(4,343
)
 
$
101,658

Adjusted EBITDA
 
$
6,425

 
$
2,128

 
$
7

 
$
8,560

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 December 31,
 
Six Months Ended December 31,

 
2014
 
2013
 
2014
 
2013
Income (loss) from continuing operations
 
$
2,886

 
$
(787
)
 
$
3,603

 
$
(3,091
)
Interest expense, net
 
4

 
8

 
9

 
22

Tax provision (benefit)
 
1,047

 
(442
)
 
1,047

 
(1,761
)
Depreciation
 
1,590

 
1,942

 
3,290

 
3,916

Amortization of intangible assets
 
1,762

 
1,803

 
3,524

 
3,788

Restructuring and other charges
 
1,162

 
97

 
2,430

 
82

Stock-based compensation expense
 
2,256

 
2,616

 
4,807

 
5,604

Adjusted EBITDA
 
$
10,707

 
$
5,237

 
$
18,710

 
$
8,560

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
DECEMBER 31, 2014
 
 
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
55,625

 
$
355

 
$
1,109

 
$

 
$
57,089

Inter-geographic revenues
 
964

 
179

 

 
(1,143
)
 

Net revenues
 
$
56,589

 
$
534

 
$
1,109

 
$
(1,143
)
 
$
57,089

THREE MONTHS ENDED
DECEMBER 31, 2013
 
 
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
50,351

 
$
451

 
$
130

 
$

 
$
50,932

Inter-geographic revenues
 
679

 
47

 

 
(726
)
 

Net revenues
 
$
51,030

 
$
498

 
$
130

 
$
(726
)
 
$
50,932

SIX MONTHS ENDED
DECEMBER 31, 2014
 
 
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
108,710

 
$
701

 
$
1,739

 
$

 
$
111,150

Inter-geographic revenues
 
1,547

 
179

 

 
(1,726
)
 

Net revenues
 
$
110,257

 
$
880

 
$
1,739

 
$
(1,726
)
 
$
111,150

SIX MONTHS ENDED
DECEMBER 31, 2013
 
 
 
 
 
 
 
 
 
 
Net revenues to unaffiliated customers
 
$
99,806

 
$
959

 
$
893

 
$

 
$
101,658

Inter-geographic revenues
 
1,498

 
204

 
140

 
(1,842
)
 

Net revenues
 
$
101,304

 
$
1,163

 
$
1,033

 
$
(1,842
)
 
$
101,658

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
December 31, 2014
 
$
12,928

 
$
36

 
$
4

 
$

 
$
12,968

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 December 31,
 
Six Months Ended December 31,
 
 
2014
 
2013
 
2014
 
2013
Raytheon Company
 
36
%
 
12
%
 
35
%
 
13
%
Lockheed Martin Corporation
 
18
%
 
31
%
 
24
%
 
21
%
Northrop Grumman Corporation
 
*

 
14
%
 
*

 
15
%
 
 
54
%
 
57
%
 
59
%
 
49
%
*
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
December 31,
 
Six Months Ended
December 31,
 
 
2014
 
2013
 
2014
 
2013
Patriot
 
18
%
 

 
18
%
 

SEWIP
 

 

 
13
%
 

F-35
 
11
%
 
*

 
11
%
 
*

Aegis
 
10
%
 
28
%
 
10
%
 
16
%
 
 
39
%
 
28
%
 
52
%
 
16
%
*
Indicates that the amount is less than 10% of the Company’s revenues for the respective period.