10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2015

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission File Number 000-27115

PCTEL, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	77-0364943
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification Number)
471 Brighton Drive, Bloomingdale, IL	60108
(Address of Principal Executive Office)	(Zip Code)

(630) 372-6800

(Registrant’s Telephone Number, Including Area Code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and on its corporate Web site, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “accelerated filer” “large accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨  (do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes  ¨    No  x

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.

Title	Outstanding
Common Stock, par value $.001 per share	17,616,522 as of November 6, 2015

PCTEL, INC.

Form 10-Q

For the Quarterly Period Ended September 30, 2015

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION		3
Item 1	Financial Statements (unaudited)		3
	Condensed Consolidated Balance Sheets		3
	Condensed Consolidated Statements of Operations		4
	Condensed Consolidated Statements of Comprehensive Income (Loss)		5
	Condensed Consolidated Statement of Stockholders’ Equity		6
	Condensed Consolidated Statements of Cash Flows		7
	Notes to the Condensed Consolidated Financial Statements		8
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations		30
Item 3	Quantitative and Qualitative Disclosures about Market Risk		38
Item 4	Controls and Procedures		38
PART II	OTHER INFORMATION		38
Item 1	Legal Proceedings		38
Item 1A	Risk Factors		38
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds		38
Item 3	Defaults Upon Senior Securities		39
Item 4	Mine Safety Disclosures		39
Item 5	Other Information		39
Item 6	Exhibits		39
Signatures			40

2

PART I – FINANCIAL INFORMATION

Item 1: Financial Statements (unaudited)

PCTEL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

	(unaudited) September 30, 2015			December 31, 2014
ASSETS
Cash and cash equivalents	$	12,887		$	20,432
Short-term investment securities		21,428			39,577
Accounts receivable, net of allowance for doubtful accounts of $119 and $121 at September 30, 2015 and December 31, 2014, respectively		20,643			23,874
Inventories, net		17,187			16,358
Deferred tax assets, net		2,279			2,281
Prepaid expenses and other assets		2,440			1,757
Total current assets		76,864			104,279
Property and equipment, net		14,042			14,842
Goodwill		3,493			161
Intangible assets, net		12,434			2,637
Deferred tax assets, net		10,348			9,710
Other noncurrent assets		36			40
TOTAL ASSETS	$	117,217		$	131,669
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	$	5,631		$	5,495
Accrued liabilities		6,430			10,211
Total current liabilities		12,061			15,706
Other long-term liabilities		930			448
Total liabilities		12,991			16,154
Stockholders’ equity:
Common stock, $0.001 par value, 100,000,000 shares authorized, 17,815,573 and 18,571,419 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively		18			19
Additional paid-in capital		137,768			145,462
Accumulated deficit		(33,619	)		(30,101	)
Accumulated other comprehensive income		59			135
Total stockholders’ equity		104,226			115,515
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	117,217		$	131,669

The accompanying notes are an integral part of these condensed consolidated financial statements.

3

PCTEL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

(in thousands, except per share data)

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015			2014
REVENUES	$	26,526		$	27,932	$	80,477		$	77,769
COST OF REVENUES		17,896			16,538		52,067			45,943
GROSS PROFIT		8,630			11,394		28,410			31,826
OPERATING EXPENSES:
Research and development		2,863			2,659		8,506			8,970
Sales and marketing		3,603			3,054		10,558			9,312
General and administrative		2,847			3,120		9,513			9,822
Amortization of intangible assets		1,125			465		2,963			1,503
Restructuring charges		413			0		852			0
Total operating expenses		10,851			9,298		32,392			29,607
OPERATING INCOME (LOSS)		(2,221	)		2,096		(3,982	)		2,219
Other income, net		534			207		2,783			738
INCOME (LOSS) BEFORE INCOME TAXES		(1,687	)		2,303		(1,199	)		2,957
Expense (benefit) for income taxes		(625	)		85		(451	)		340
NET INCOME (LOSS)	($	1,062	)	$	2,218	($	748	)	$	2,617
Net Income (Loss) per Share:
Basic	($	0.06	)	$	0.12	($	0.04	)	$	0.14
Diluted	($	0.06	)	$	0.12	($	0.04	)	$	0.14
Weighed Average Shares:
Basic		17,626			18,112		18,059			18,155
Diluted		17,626			18,271		18,059			18,346
Cash dividend per share	$	0.05		$	0.04	$	0.15		$	0.12

The accompanying notes are an integral part of these condensed consolidated financial statements.

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PCTEL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited)

(in thousands, except per share data)

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015			2014
NET INCOME (LOSS)	($	1,062	)	$	2,218	($	748	)	$	2,617
OTHER COMPREHENSIVE INCOME (LOSS):
Foreign currency translation adjustments		(82	)		12		(76	)		(33	)
COMPREHENSIVE INCOME (LOSS)	($	1,144	)	$	2,230	($	824	)	$	2,584

The accompanying notes are an integral part of these condensed consolidated financial statements.

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PCTEL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (unaudited)

(in thousands)

	Common Stock			Additional Paid-In Capital			Retained Deficit			Accumulated Other Comprehensive Income			Total Stockholders’ Equity
BALANCE at JANUARY 1, 2015	$	19		$	145,462		($	30,101	)	$	135		$	115,515
Stock-based compensation expense		0			1,392			0			0			1,392
Issuance of shares for stock purchase and option		0			1,018			0			0			1,018
Cancellation of shares for payment of withholding		0			(412	)		0			0			(412	)
Repurchase of common stock		(1	)		(9,692	)		0			0			(9,693	)
Dividend paid		0			0			(2,770	)		0			(2,770	)
Net loss		0			0			(748	)		0			(748	)
Change in cumulative translation adjustment, net		0			0			0			(76	)		(76	)
BALANCE at SEPTEMBER 30, 2015	$	18		$	137,768		($	33,619	)	$	59		$	104,226

The accompanying notes are an integral part of these condensed consolidated financial statements

6

PCTEL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in thousands)

	Nine months Ended September 30,
	2015			2014
Operating Activities:
Net income (loss)	($	748	)	$	2,617
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		5,261			3,589
Stock-based compensation		1,392			2,578
(Gain)/loss on disposal/sale of property and equipment		(18	)		9
Restructuring costs		485			0
Payment of withholding tax on stock based compensation		(412	)		(1,025	)
Deferred tax provision		(640	)		468
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable		8,641			(1,641	)
Inventories		(908	)		(1,857	)
Prepaid expenses and other assets		(619	)		1,722
Accounts payable		56			1,007
Income taxes payable		(110	)		(51	)
Other accrued liabilities		(3,535	)		(1,913	)
Deferred revenue		(1,044	)		(75	)
Net cash provided by operating activities		7,801			5,428
Investing Activities:
Capital expenditures		(1,583	)		(1,884	)
Proceeds from disposal of property and equipment		40			0
Purchases of investments		(20,277	)		(54,673	)
Redemptions/maturities of short-term investments		38,426			51,232
Purchase of business from Nexgen		(20,500	)		0
Net cash used in investing activities		(3,894	)		(5,325	)
Financing Activities:
Proceeds from issuance of common stock		1,018			839
Tax benefit from stock based compensation		0			486
Payments for repurchase of common stock		(9,693	)		(1,652	)
Cash dividends		(2,770	)		(2,218	)
Net cash used in financing activities		(11,445	)		(2,545	)
Net decrease in cash and cash equivalents		(7,538	)		(2,442	)
Effect of exchange rate changes on cash		(7	)		(3	)
Cash and cash equivalents, beginning of year		20,432			21,790
Cash and Cash Equivalents, End of Period	$	12,887		$	19,345

The accompanying notes are an integral part of these condensed consolidated financial statements.

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PCTEL, INC.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the Three and Nine months ended September 30, 2015 (Unaudited)

(in thousands except per share data and as otherwise noted)

1. Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information, refer to the audited consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Nature of Operations

PCTEL, Inc. (“PCTEL”, the “Company”, “we”, “ours”, and “us”) delivers Performance Critical Telecom solutions. RF Solutions develops and provides test equipment, software and engineering services for wireless networks. The industry relies upon PCTEL to benchmark network performance, analyze trends, and optimize wireless networks. Connected Solutions designs and delivers performance critical antennas and site solutions for wireless networks globally. Our antennas support evolving wireless standards for cellular, private, and broadband networks. PCTEL antennas and site solutions support networks worldwide, including Supervisory Control and Data Acquisition (“SCADA”) for oil, gas and utilities, fleet management, industrial operations, healthcare, small cell and network timing deployment, defense, public safety, education, and broadband access.

Segment Reporting

PCTEL operates in two segments for reporting purposes, Connected Solutions and RF Solutions. The Company’s chief operating decision maker uses the profit and loss results through operating profit and identified assets for the Connected Solutions and RF Solutions segments to make operating decisions. Each segment has its own segment manager as well as its own engineering, sales and marketing, and operational general and administrative functions. All of the Company’s accounting and finance, human resources, IT and legal functions are provided on a centralized basis through the corporate function. The Company manages its balance sheet and cash flows centrally at the corporate level, with the exception of trade accounts receivable and inventory which is managed at the segment level. Each of the segment managers reports to and maintains regular contact with the chief operating decision maker to discuss operating activities, financial results, forecasts, or plans for the segment.

Connected Solutions Segment

Connected Solutions designs and delivers performance critical antennas and site solutions for wireless networks globally. The Company’s antennas and site solutions support networks worldwide, including SCADA for oil, gas and utilities, fleet management, industrial operations, health care, small cell and network timing deployment, defense, public safety, education, and broadband access. PCTEL’s performance critical MAXRAD^® and Bluewave™ antenna solutions include high rejection and high performance GPS and GNSS products, the industry leading Yagi portfolio, mobile and indoor LTE, broadband, and LMR antennas and PIM-rated antennas for transit, in-building, and small cell applications. We leverage our design, logistics, and support capabilities to deliver performance critical site solutions into carrier, railroad, and utility applications. Revenue growth for antenna and site solutions is primarily driven by the increased use of wireless communications in these vertical markets. PCTEL’s antenna and site solution products are primarily sold through distributors, value-added resellers, and original equipment manufacturer (“OEM”) providers.

There are many competitors for antenna products, as the market is highly fragmented. Competitors include Laird (Cushcraft, Centurion, and Antennex products), Mobile Mark, Radiall/Larsen, Comtelco, Wilson, Commscope (Andrew products), and Kathrein, among others. The Company seeks out product applications that command a premium for product performance and customer service, and avoids commodity markets.

PCTEL maintains expertise in several technology areas in order to be competitive in the antenna engineered site solutions market. These include radio frequency engineering, mobile antenna design and manufacturing, mechanical engineering, product quality and testing, and wireless network engineering.

8

RF Solutions Segment

RF Solutions develops and provides performance critical test equipment, software, and engineering services for wireless networks. The industry relies upon PCTEL to benchmark network performance, analyze trends, and optimize wireless networks. SeeGull^® scanning receivers are used around the world for indoor and drive test applications, including baseline testing, acceptance testing, competitive benchmarking, spectrum clearing, troubleshooting, and network optimization. SeeGull scanning receivers provide high quality real-world RF measurements needed to build, tune, troubleshoot, and expand commercial wireless networks. The Company’s highly-trained engineering services team uses state-of-the-art test, measurement, and design tools to provide engineering services for in-building and outdoor networks. Our engineering services team (“NES”) provides wireless network testing, optimization, design, integration, and consulting services, with an emphasis on in-building distributed antenna systems (“DAS”). Revenue growth for the segment’s products and services is driven by the deployment of products based on new wireless technology and the need for wireless networks to be tuned and reconfigured on a regular basis. Scanning receiver products are sold primarily through test and measurement value-added resellers and to a lesser extent directly to network operators. Competitors for these products include OEMs such as JDS Uniphase, Rohde and Schwarz, Anritsu, Digital Receiver Technology, and Berkley Varitronics.

On February 27, 2015, PCTEL, Inc. acquired substantially all of the assets of, and assumed certain specified liabilities of, Nexgen Wireless, Inc. (“Nexgen”), pursuant to an Asset Purchase Agreement dated as of February 27, 2015 (the “Nexgen APA”). The business acquired from Nexgen is based in Schaumburg, Illinois. Nexgen provided Meridian™, a network analysis tool portfolio now known as SeeHawk^® Analytics, and engineering services. Nexgen’s Meridian software product portfolio translates real-time network performance data into engineering actions to optimize operator performance. Meridian, with its Network IQ™, Subscriber IQ™, and Map IQ™ modules, supports crowd-based, cloud-based data analysis to enhance network performance. Nexgen provides performance engineering, specialized staffing, and trend analysis for carriers, infrastructure vendors, and neutral hosts for 2G, 3G, 4G, and LTE networks.

PCTEL maintains expertise in several technology areas in order to be competitive in the scanning receiver and related engineering services market. These include radio frequency engineering, DSP engineering, manufacturing, mechanical engineering, product quality and testing, and wireless network engineering.

Basis of Consolidation

The condensed consolidated balance sheet as of September 30, 2015 and the condensed consolidated statements of operations, statements of comprehensive income, and cash flows for the three and nine months ended September 30, 2015 and 2014, respectively, are unaudited and reflect all adjustments of a normal recurring nature that are, in the opinion of management, necessary for a fair presentation of the interim period financial statements. The interim condensed consolidated financial statements are derived from the audited financial statements as of December 31, 2014.

The unaudited interim condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted. The significant accounting policies followed by the Company are set forth within the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 (the “2014 Form 10-K”). There were no changes in the Company’s significant accounting policies during the three and nine months ended September 30, 2015. In addition, the Company reaffirms the use of estimates in the preparation of the financial statements as set forth in the 2014 Form 10-K. These interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the 2014 Form 10-K. The results for the operations for the period ended September 30, 2015 may not be indicative of the results for the period ending December 31, 2015.

Foreign Currency Translation

The Company is exposed to foreign currency fluctuations due to its foreign operations and because products are sold internationally. The functional currency for the Company’s foreign operations is predominantly the applicable local currency. Accounts of foreign operations are translated into U.S. dollars using the exchange rate in effect at the applicable balance sheet date for assets and liabilities and average monthly rates prevailing during the period for revenue and expense accounts. Adjustments resulting from translation are included in accumulated other comprehensive income, a separate component of shareholders’ equity. Gains and losses resulting from other transactions originally in foreign currencies and then translated into U.S. dollars are included in the condensed consolidated statement of operations. Net foreign exchange gains resulting from foreign currency transactions included in other income, net were $5 and $10 for the three months ended September 30, 2015 and 2014, respectively. Net foreign exchange losses resulting from foreign currency transactions included in other income, net were and ($23) and ($37) for the nine months ended September 30, 2015 and 2014, respectively.

9

Recent Accounting Guidance

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, “Simplifying the Measurement of Inventory (Topic 330).” The new guidance requires most inventory to be measured at the lower of cost and net realizable value, thereby simplifying the previous guidance under which an entity must measure inventory at the lower of cost or market. Market is defined as replacement cost, net realizable value (“NRV”), or NRV less a normal profit margin. The ASU will not apply to inventory that is measured using either the last-in, first-out method or the retail inventory method. The standard will be effective prospectively for the first interim period within annual reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently assessing the provisions of the guidance and has not determined the impact of the adoption of this guidance on its consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, which requires management to assess whether there is substantial doubt about an entity’s ability to continue as a going concern for each annual and interim period. If conditions or events give rise to substantial doubt, disclosures are required. The new accounting standard is effective as of December 31, 2016, and the Company does not expect it to have an impact on its financial statement disclosures.

In June 2014, the FASB issued ASU No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. ASU 2014-12 was issued to clarify that a performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation—Stock Compensation. As a result, the target is not reflected in the estimation of the award’s grant date fair value. Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved. The new accounting standard is effective for the Company in 2016. Because participants in the Company’s performance-based long-term incentive plan must be service providers of the Company on the determination date in order to be eligible to receive the shares, the adoption of ASU No. 2014-12 will not have a material impact on the Company’s consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09 which introduces a new five-step revenue recognition model in which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. The FASB has voted to approve a one-year deferral of the effective date from January 1, 2017 to January 1, 2018, while allowing for early adoption as of January 1, 2017. The new accounting standard is expected to have an impact to the Company’s consolidated financial statements. The Company is currently reviewing its arrangements to evaluate the impact and method of adoption.

In April 2014, the FASB issued ASU 2014-08, which includes amendments that change the requirements for reporting discontinued operations and require additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations - that is, a major effect on the organization’s operations and financial results should be presented as discontinued operations. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment. Additionally, the ASU requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. This update took effect in the first quarter of 2015. The new guidance did not have a material impact on the Company’s consolidated financial statements.

2. Fair Value of Financial Instruments

The Company follows accounting guidance for fair value measurements and disclosures. To measure fair value, the Company refers to a hierarchy that requires it to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instruments categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. The three levels of input that may be used to measure fair value are as follows:

Level 1: inputs are unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of assets or liabilities.

Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

See Note 4 for the hierarchy leveling table for cash and cash equivalents.

Cash equivalents are measured at fair value and investments are recognized at amortized cost in the Company’s financial statements. Accounts receivable and other investments are financial assets with carrying values that approximate fair value due to the short-term nature of these assets. Accounts payable is a financial liability with a carrying value that approximates fair value due to the short-term nature of these liabilities.

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3. Earnings per Share

The following table is the computation of basic and diluted earnings per share:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015			2014
Basic Earnings Per Share computation:
Numerator:
Net income (loss)	($	1,062	)	$	2,218	($	748	)	$	2,617
Denominator:
Common shares outstanding		17,626			18,112		18,059			18,155
Earnings per common share - basic
Net income (loss)	($	0.06	)	$	0.12	($	0.04	)	$	0.14
Diluted Earnings Per Share computation:
Denominator:
Common shares outstanding		17,626			18,112		18,059			18,155
Restricted shares subject to vesting		*			88		*			110
Performance shares subject to vesting		*			62		*			69
Common stock option grants		*			9		*			12
Total shares		17,626			18,271		18,059			18,346
Earnings per common share - diluted
Net income (loss)	($	0.06	)	$	0.12	($	0.04	)	$	0.14

* As denoted by “*” in the table above, weighted average common stock option grants and restricted shares of 183,000 and 369,000 were excluded from the calculations of diluted net loss per share for the three months and nine months ended September 30, 2015, respectively, since their effects are anti-dilutive.

4. Cash, Cash Equivalents and Investments

The Company’s cash and investments consisted of the following:

	September 30, 2015		December 31, 2014
Cash	$	8,625	$	19,731
Cash equivalents		4,262		701
Short-term investments		21,428		39,577
	$	34,315	$	60,009

Cash and Cash equivalents

At September 30, 2015, cash and cash equivalents included bank balances and investments with original maturities less than 90 days. At September 30, 2015 and December 31, 2014, the Company’s cash equivalents were invested in highly liquid AAA money market funds that are required to comply with Rule 2a-7 of the Investment Company Act of 1940. Such funds utilize the amortized cost method of accounting, seek to maintain a constant $1.00 per share price, and are redeemable upon demand. The Company restricts its investments in AAA money market funds to those invested 100% in either short-term U.S. government agency securities or bank repurchase agreements collateralized by these same securities. The fair values of these money market funds are established through quoted prices in active markets for identical assets (Level 1 inputs). The cash in the Company’s U.S. banks is insured by the Federal Deposit Insurance Corporation up to the insurable amount of $250.

At September 30, 2015, the Company had $8.6 million in cash and $4.3 million in cash equivalents and at December 31, 2014, the Company had $19.7 million in cash and $0.7 million in cash equivalents. The Company had $1.4 million and $0.5 million of cash and cash equivalents in foreign bank accounts at September 30, 2015 and December 31, 2014, respectively. As of September 30, 2015, the Company has no

11

intentions of repatriating the cash in its foreign bank accounts. If the Company decides to repatriate the cash in the foreign bank accounts, it may experience difficulty in doing so in a timely manner. The Company may also be exposed to foreign currency fluctuations and taxes if it repatriates these funds. The Company’s cash in its foreign bank accounts is not insured.

Investments

At September 30, 2015 and December 31, 2014, the Company’s short-term investments consisted of pre-refunded municipal bonds, U.S. government agency bonds, AA or higher rated corporate bonds, and certificates of deposit classified as held-to-maturity. At September 30, 2015 the Company had invested $7.7 million in U.S. government agency bonds, $7.4 million in pre-refunded municipal bonds, $4.2 million in AA rated or higher corporate bonds, and $2.1 million in certificates of deposit. The income and principal from the pre-refunded municipal bonds are secured by an irrevocable trust of U.S. Treasury securities. The bonds have original maturities greater than 90 days and mature in less than one year. The Company’s bonds are recorded at the purchase price and carried at amortized cost. The net unrealized gains were $6 at September 30, 2015. Approximately 9% and 5% of the Company’s bonds were protected by bond default insurance at September 30, 2015 and December 31, 2014, respectively.

At December 31, 2014, the Company had invested $13.5 million in U.S. government agency bonds, $11.8 million in certificates of deposit, $7.2 million in AA rated or higher corporate bond funds, $5.2 million in pre-refunded municipal bonds and taxable bond funds, and $2.0 million in mutual funds.

The Company categorizes its financial instruments within a fair value hierarchy according to accounting guidance for fair value. The fair value hierarchy is described under the Fair Value of Financial Instruments in Note 2. For the Level 2 investments, the Company uses quoted prices of similar assets in active markets.

Cash equivalents and Level 1 and Level 2 investments measured at fair value were as follows at September 30, 2015 and December 31, 2014:

	September 30, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds and other cash equivalents	$	4,262	$	0	$	0	$	4,262	$	701	$	0	$	0	$	701
Investments:
US government agency bonds		0		7,671		0		7,671		0		13,502		0		13,502
Certificates of deposit		2,138		0		0		2,138		11,782		0		0		11,782
Pre-refunded municipal bonds		0		7,375		0		7,375		0		5,162		0		5,162
Corporate bonds		0		4,250		0		4,250		0		7,155		0		7,155
Mutual funds		0		0		0		0		1,971		0		0		1,971
Total	$	6,400	$	19,296	$	0	$	25,696	$	14,454	$	25,819	$	0	$	40,273

5. Goodwill and Intangible Assets

Goodwill

The activity related to goodwill for the nine months ended September 30, 2015 was as follows:

Balance at December 31, 2014	$	161
Goodwill related to acquisition of Nexgen business		3,332
Balance at September 30, 2015	$	3,493

The goodwill of $3.5 million relates to the RF Solutions segment. In February 2015, the Company acquired substantially all of the assets and assumed certain liabilities of Nexgen Wireless, Inc. As of September 30, 2015, the Company recorded goodwill of $3.3 million as part of the provisional allocation of the purchase price. Based on revisions to the Nexgen valuation, goodwill was lowered by $0.6 million and customer relationships was increased by $0.6 million during the third quarter 2015. See Note 7 for additional information on the acquisition. The Company recorded $0.2 million of goodwill related to the business acquired from Envision Wireless, Inc. in 2011.

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The Company performs an annual impairment test of goodwill as of the end of the first month of the fiscal fourth quarter (October 31st), or at an interim date if an event occurs or if circumstances change that would indicate that an impairment loss may have been incurred. In performing the impairment test, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value, including goodwill. If the qualitative assessment is indicative of possible impairment, then a two-step quantitative fair value assessment is performed at the reporting unit level. In the first step, the fair value of each reporting unit is compared with its carrying value. If the fair value exceeds the carrying value, then goodwill is not impaired and no further testing is performed. The second step is performed if the carrying value exceeds the fair value. The implied fair value of goodwill is then compared against the carrying value of goodwill to determine the amount of impairment.

The RF Solutions segment has experienced declining profitability year to date (See Note 12 for the segment information). The Company considered the decline to be an interim change in circumstances that would indicate that an impairment loss may have been incurred at September 30, 2015. There are two reporting units for goodwill testing purposes within the RF Solutions segment, Products and Services, and both carry goodwill. The Company performed a qualitative assessment on both reporting units and determined it is more likely than not that the fair value of a reporting unit is greater than its carrying value, including goodwill. The primary positive evidence considered was the recent restructuring of costs that is expected to lower the cost structure by several million dollars annually. In addition the Company performed a Step 1 quantitative goodwill test at September 30, 2015 at the lower forecasted cost structure, which confirmed the qualitative assessment.

Intangible Assets

The Company amortizes intangible assets with finite lives on a straight-line basis over the estimated useful lives, which range from one to eight years. The summary of other intangible assets, net as of September 30, 2015 and December 31, 2014 are as follows:

	September 30, 2015						December 31, 2014
	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Amortization		Net Book Value
Customer contracts and relationships	$	25,497	$	17,880	$	7,617	$	17,381	$	15,933	$	1,448
Patents and technology		10,114		7,171		2,943		6,781		6,507		274
Trademarks and trade names		4,960		3,631		1,329		3,988		3,152		836
Other		2,743		2,198		545		1,998		1,919		79
	$	43,314	$	30,880	$	12,434	$	30,148	$	27,511	$	2,637

The $9.8 million increase in the net book value of intangible assets at September 30, 2015 compared to December 31, 2014 reflects $13.2 million of intangible assets recorded for the purchase of the business from Nexgen, offset by amortization expense of $3.0 million recorded for the nine months ended September 30, 2015, and a restructuring charge of $0.4 million recorded in June 2015. The restructuring charge related to the Company’s exit from the mobile towers product line. The Company wrote off the remaining patents and technology and a portion of the trade names and customer relationships from the acquisition of TelWorx in 2012. The amortization related to the assets recorded for the acquisition of the business from Nexgen was $0.7 million and $1.7 million for the three and nine months ended September 30, 2015, respectively. The amortization related to all other intangible assets was $0.4 million and $1.3 million for the three and nine months ended September 30, 2015.

The assigned lives and weighted average amortization periods by intangible asset category is summarized below:

Intangible Assets	Assigned Life		Weighted Average Amortization Period
Customer contracts and relationships		4 to 6 years		5.0
Patents and technology		3 to 6 years		4.5
Trademarks and trade names		3 to 8 years		4.7
Other		1 to 6 years		4.4

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The Company’s scheduled amortization expense for 2015 and the next five years is as follows:

Fiscal Year	Amount
2015	$	4,020
2016	$	2,962
2017	$	2,785
2018	$	2,708
2019	$	2,508
2020	$	414

6. Balance Sheet Information

Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable are recorded at invoiced amount with standard net terms that range between 30 and 90 days. The Company extends credit to its customers based on an evaluation of a customer’s financial condition and collateral is generally not required. The Company maintains an allowance for doubtful accounts for estimated uncollectible accounts receivable. The allowance is based on the Company’s assessment of known delinquent accounts, historical experience, and other currently available evidence of the collectability and the aging of accounts receivable. The Company’s allowance for doubtful accounts was $0.1 million at September 30, 2015 and at December 31, 2014. The provision for doubtful accounts is included in sales and marketing expense in the condensed consolidated statements of operations.

Inventories

Inventories are stated at the lower of cost or market and include material, labor and overhead costs using the first-in, first-out (“FIFO”) method of costing. Inventories as of September 30, 2015 and December 31, 2014 were composed of raw materials, sub-assemblies, finished goods and work-in-process. The Company had consigned inventory with customers of $0.7 million and $0.8 million at September 30, 2015 and December 31, 2014, respectively. The Company records allowances to reduce the value of inventory to the lower of cost or market, including allowances for excess and obsolete inventory. The allowance for inventory losses was $1.9 million at September 30, 2015 and $1.8 million at December 31, 2014.

Inventories consisted of the following:

	September 30, 2015		December 31, 2014
Raw materials	$	10,713	$	10,160
Work in process		1,108		915
Finished goods		5,366		5,283
Inventories, net	$	17,187	$	16,358

Prepaid and Other Current Assets

Prepaid assets are stated at cost and are amortized over the useful lives (up to one year) of the assets.

Property and Equipment

Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets. The Company depreciates computer equipment over three to five years, office equipment, manufacturing and test equipment, and motor vehicles over five years, furniture and fixtures over seven years, and buildings over 30 years. Leasehold improvements are amortized over the shorter of the corresponding lease term or useful life. Depreciation expense and gains and losses on the disposal of property and equipment are included in cost of sales and operating expenses in the condensed consolidated statements of operations. Maintenance and repairs are expensed as incurred.

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Property and equipment consisted of the following:

	September 30, 2015			December 31, 2014
Building	$	6,231		$	6,229
Computers and office equipment		10,816			10,435
Manufacturing and test equipment		12,720			11,880
Furniture and fixtures		1,275			1,214
Leasehold improvements		875			909
Motor vehicles		42			117
Total property and equipment		31,959			30,784
Less: Accumulated depreciation and amortization		(19,687	)		(17,712	)
Land		1,770			1,770
Property and equipment, net	$	14,042		$	14,842

Depreciation and amortization expense was approximately $0.8 million and $0.7 million for the three months ended September 30, 2015 and 2014, respectively, and $2.3 million and $2.1 million for the nine months ended September 30, 2015 and 2014, respectively. Amortization for capital leases is included in depreciation and amortization expense. See Note 10 for information related to capital leases.

Liabilities

Accrued liabilities consisted of the following:

	September 30,		December 31,
	2015		2014
Inventory receipts	$	1,626	$	2,471
Paid time off		1,338		1,247
Payroll, bonuses, and other employee benefits		991		1,539
Due to Nexgen Parties - working capital adjustment		840		0
Professional fees and contractors		403		223
Warranties		381		304
Deferred revenues		218		1,262
Real estate taxes		121		181
Income and sales taxes		157		266
Employee stock purchase plan		97		314
Executive deferred compensation		0		2,043
Other		258		361
Total	$	6,430	$	10,211

Long-term liabilities consist of the following:

	September 30,		December 31,
	2015		2014
Due to Nexgen Parties - contingent consideration	$	500	$	0
Deferred rent		263		258
Long-term obligations under capital leases		128		135
Deferred revenues		39		55
	$	930	$	448

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7. Acquisitions

Business combinations are accounted for using the acquisition method of accounting. In general, the acquisition method requires acquisition-date fair value measurement of identifiable assets acquired, liabilities assumed, and non-controlling interests in the acquiree. The measurement requirements result in the recognition of the full amount of acquisition-date goodwill, which includes amounts attributable to non-controlling interests. Neither the direct costs incurred to effect a business combination nor the costs the acquirer expects to incur under a plan to restructure an acquired business may be included as part of the business combination accounting. As a result, those costs are charged to expense when incurred, except for debt or equity issuance costs, which are accounted for in accordance with other generally accepted accounting principles.

Acquisition of Nexgen Wireless, Inc.

On February 27, 2015, the Company acquired substantially all of the assets of, and assumed certain specified liabilities of, Nexgen Wireless, Inc., an Illinois corporation (“Nexgen”), pursuant to an Asset Purchase Agreement dated as of February 27, 2015 (the “Nexgen APA”) among PCTEL, Inc., Nexgen, PCTEL, Nexgen, Bhumika Thakkar 2012 Irrevocable Trust Number One, Bhumika Thakkar 2012 Irrevocable Trust Number Two, and Jigar Thakkar (collectively, such trusts and Mr. Thakkar are the “Nexgen Shareholders”), and Bhumika Thakkar (collectively with Nexgen and the Nexgen Shareholders, the “Nexgen Parties”).

The business of Nexgen is based in Schaumburg, Illinois. Nexgen provides Meridian™, a network analysis tool portfolio, and engineering services. Nexgen’s Meridian software product portfolio translates real-time network performance data into engineering actions to optimize operator performance. Meridian, with its modules of Network IQ™, Subscriber IQ™, and Map IQ™, supports crowd-based, cloud-based data analysis to enhance network performance. Nexgen provides performance engineering, specialized staffing, and trend analysis for carriers, infrastructure vendors, and neutral hosts for 2G, 3G, 4G, and LTE networks.

The provisional purchase consideration for Nexgen was $21.4 million, consisting of $18.25 million in cash paid at closing, $2.25 million held in escrow, an estimated $0.8 million excess working capital true up to be paid in cash, and a contingency payment that was provisionally calculated with a fair value of $0.1 million. The contingent payment was dependent on the achievement of revenue-based goals pertaining to the acquired business for the period commencing on March 1, 2015 and ending on April 30, 2016. The cash consideration paid was provided from the Company’s existing cash. The assets acquired consisted primarily of customer relationships, intellectual property (including trade names), working capital (accounts receivable, work in process, accounts payable and accrued liabilities), and fixed assets. The Nexgen Parties are bound by non-competition covenants under the Nexgen APA, which generally expire on February 27, 2019. The Company calculates the fair value of the assets acquired by using a blended analysis of the present value of future discounted cash flows and the market approach of valuation. The intangible assets recorded have a weighted average amortization period of 5.0 years.

As previously reported in the Company’s Current Report on Form 8-K filed with the SEC on April 14, 2015, on April 7, 2015, Samsung Electronics America, Inc., as successor in interest to Samsung Telecommunications America, LLC (“Samsung”), provided Nexgen and the Company with a final notice of Samsung’s election to terminate, effective April 30, 2015, the Contractor Services Agreement, dated May 2, 2012 (the “CSA”), by and between Samsung and Nexgen. On May 5, 2015, the Company and the Nexgen Parties entered into an Amendment to Asset Purchase Agreement (the “Nexgen APA Amendment”) with the following principal terms: (a) Nexgen agreed to transfer to the Company previously excluded accounts receivable with an aggregate value of $0.8 million; (b) the aggregate amount potentially payable to the Nexgen Parties as contingent earnout consideration was reduced from $2.0 million to $1.0 million; (c) the Company waived its right to seek additional indemnification from the Nexgen Parties for matters specified therein; (d) the parties directed that $2.25 million in escrowed funds potentially payable to the Nexgen Parties pursuant to the Nexgen APA be released to the Company; (e) Mr. Thakkar relinquished a portion of the equity awards previously granted to him; (f) the Company released various potential claims against Nexgen and the Nexgen Parties with respect to the termination of the CSA and related matters; and (g) the parties agreed that the Nexgen Parties would be eligible for potential additional consideration if the acquired business achieves performance metrics set forth therein. The additional consideration is dependent on the achievement of revenue-based goals pertaining to the acquired business for the period commencing on January 1, 2016 and ending on December 31, 2016. The amendment terms were accounted for consistent with accounting for legal settlements, as there is not a clear and direct link between the settlement and the acquisition price. During June 2015, the Company received the cash from the escrow fund and the previously excluded accounts receivable. These amounts are recorded in Other Income, net in the condensed consolidated statements of operations. At June 30, 2015, the Company estimated the liability for the contingent earnout consideration at $1.0 million. At September 30, 2015, the Company revised the liability for the contingent earnout consideration at $0.5 million due to revised revenue projections for 2016. The adjustment of $0.9 million from the original liability recorded for the contingent consideration was recorded as an expense in Other Income, net in the condensed consolidated statement of operations.

Approximately 78% of Nexgen’s revenue was related to the U.S. Sprint cellular network, contracted either with Samsung or Sprint directly. During due diligence, the Company modeled a likely range of future revenue and cash flow based on the high degree of customer concentration risk. While the terminated CSA represented a material portion of that revenue, the resulting total future revenue and cash flow remained within the lower range of the forecast model. The Company utilized the lower end of the forecast range in evaluating the fair value of the acquired assets. At September 30, 2015, the valuation yielded provisional goodwill of $3.3 million, of which $1.5 million is related to the assembled workforce. The goodwill is deductible for tax purposes. Based on revisions to the Nexgen valuation, goodwill was lowered by $0.6 million and customer relationships was increased by $0.6 million during the third quarter 2015.

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The purchase accounting related to the valuation of certain tangible and intangible assets was still in process at September 30, 2015. The purchase accounting is expected to be completed by the quarter ended December 31, 2015. The following is the provisional allocation of the purchase price for the assets from Nexgen at the date of the acquisition as of September 30, 2015:

Tangible assets:
Accounts receivable	$	5,358
Prepaid and other assets		49
Deferred cost of sales		24
Fixed assets		43
Total tangible assets		5,474
Intangible assets:
Customer relationships		8,117
Trade names		972
Technology		3,332
Backlog		162
Non-compete		583
Goodwill		3,332
Total intangible assets		16,498
Total assets		21,972
Accounts payable		200
Accrued liabilities		341
Total liabilities		541
Net assets acquired	$	21,431

A reconciliation of the assets acquired with the cash paid at closing is as follows:

Net assets acquired	$	21,431
Due Nexgen - contingent liability		(91	)
Due Nexgen - working capital adjustment		(840	)
Cash paid at closing	$	20,500

The Company does not have any material relationship with Mr. Thakkar and the other Nexgen Parties other than in respect of the Nexgen APA, the Nexgen APA Amendment, the transactions provided for therein, and Mr. Thakkar’s post-acquisition role as the Company’s Vice President and Chief Technology Officer, Network Analytics.

The Company assumed Nexgen’s existing lease for Nexgen’s offices in Schaumburg, Illinois and is currently operating the acquired business from that location. All of the Nexgen assets and employees were immediately integrated into the Network Engineering Services reporting unit within the RF Solutions segment. The Company recognizes revenue for the engineering services under the completed performance method. For specialized staffing, the Company recognizes revenue as services are provided to the customer.

Revenues for Nexgen were $23.8 million for the year ended December 31, 2014. The Company’s results for the nine months ended September 30, 2015 include the operating results for March through September 2015 for the business acquired from Nexgen. The following pro forma financial information gives effect to the acquisition of the Nexgen business as if the acquisition had taken place on January 1, 2014. The pro forma financial information for Nexgen was derived from the unaudited historical accounting records of Nexgen.

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	(unaudited) Three Months Ended September 30, 2015			(unaudited) Three Months Ended September 30, 2014		(unaudited) Nine Months Ended September 30, 2015			(unaudited) Nine Months Ended September 30, 2014
REVENUES	$	26,526		$	33,155	$	83,435		$	95,508
NET INCOME	($	1,062	)	$	2,680	($	719	)	$	4,464
NET INCOME PER SHARE	($	0.06	)	$	0.15	($	0.04	)	$	0.24

The pro forma results include adjustments for intangible amortization of $0.6 million for the three months ended September 30, 2014 and $0.4 million and $2.0 million for the nine months ended September 30, 2015 and 2014, respectively. The pro forma information is presented for illustrative purposes only and may not be indicative of the results that would have been obtained had the acquisition actually occurred on January 1, 2014, nor is it necessarily indicative of the Company’s future consolidated results of operations or financial position.

8. Stock-Based Compensation

The condensed consolidated statements of operations include $0.7 million and $1.4 million of stock compensation expense for the three and nine months ended September 30, 2015, respectively. Stock compensation expense for the three months ended September 30, 2015 consisted of $0.5 million for restricted stock awards, $33 related to performance units, $57 for stock option expenses and $55 for stock purchase plan expenses. Stock compensation expense for the nine months ended September 30, 2015 consisted of $1.4 million for restricted stock awards, $0.4 million for stock option expenses and $0.2 million for stock purchase plan expenses, offset by the expense reversal of $0.5 million related to performance units that are not expected to vest.

The condensed consolidated statements of operations include $0.7 million and $2.6 million of stock compensation expense for the three and nine months ended September 30, 2014, respectively. Stock compensation expense for the three months ended September 30, 2014 consisted of $0.5 million for restricted stock awards, $0.2 million for stock option expenses and $54 for stock purchase plan expenses. Stock compensation expense for the nine months ended September 30, 2014 consists of $1.6 million for restricted stock awards, $0.8 million for stock option expenses and $137 for stock purchase plan expenses.

The Company did not capitalize any stock compensation expense during the three months ended September 30, 2015 or 2014. Total stock-based compensation is reflected in the condensed consolidated statements of operations as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Cost of revenues	$	115	$	112	$	244	$	315
Research and development		99		149		244		509
Sales and marketing		230		155		370		491
General and administrative		206		315		534		1,263
Total	$	650	$	731	$	1,392	$	2,578

Restricted Stock – Service Based

The Company grants restricted shares as employee incentives. When service-based restricted stock is granted to employees, the Company records deferred stock compensation within additional paid-in capital, representing the fair value of the common stock on the date the restricted shares are granted. The Company records stock compensation expense on a straight-line basis over the vesting period of the applicable service-based restricted shares. These grants vest over various periods, but typically vest over four years. The 2015 annual service-based awards were granted to eligible employees in June 2015, and the 2014 annual service-based awards were granted to eligible employees in March 2014.

In September 2015, the Company’s Board of Directors awarded 200,000 restricted shares to Martin H. Singer, Chief Executive Officer. These shares vest in September 2017 if Mr. Singer remains an employee of the Company on the vesting date. In order to better align compensation incentives with long-term shareholder interest, effective August 31, 2015, the Board of Directors approved reductions in the base salaries of named executive officers and certain other executives, and concurrently therewith granted 117,300 shares of the Company’s common stock which will vest one year from the date of grant. The Company awarded 100,000 shares to Mr. Thakkar as part of his employment offer following the Nexgen acquisition in the first quarter of 2015. These shares vest in February 2017 if Mr. Thakkar remains an employee of the Company on the vesting date.

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The following table summarizes restricted stock activity for the nine months ended September 30, 2015:

	Shares			Weighted Average Grant Date Fair Value
Unvested Restricted Stock Awards - December 31, 2014		343,836		$	7.41
Shares awarded		633,079			6.81
Shares vested		(176,849	)		7.21
Shares cancelled		(19,701	)		7.77
Unvested Restricted Stock Awards - September 30, 2015		780,365		$	6.96

The intrinsic value of service-based restricted shares that vested during the three months ended September 30, 2015, and 2014, was $57 and $25, respectively. The intrinsic value of service-based restricted shares that vested during the nine months ended September 30, 2015, and 2014, was $1.4 million and $3.2 million, respectively.

At September 30, 2015, total unrecognized compensation expense related to restricted stock was approximately $3.6 million, net of forfeitures to be recognized through 2019 over a weighted average period of 1.5 years.

Restricted Stock Units – Service Based

The Company grants restricted stock units as employee incentives. Restricted stock units are primarily granted to foreign employees for long-term incentive purposes. Employee restricted stock units are service-based awards and are amortized over the vesting period. At the vesting date, these units are converted to shares of common stock. The Company records expense on a straight-line basis for restricted stock units.

The following table summarizes the restricted stock unit activity during the nine months ended September 30, 2015:

	Units			Weighted Average Grant Date Fair Value
Unvested Restricted Stock Units - December 31, 2014		4,600		$	7.47
Units awarded		4,350			7.49
Units vested		(2,475	)		7.00
Units cancelled		(1,750	)		7.91
Unvested Restricted Stock Units - September 30, 2015		4,725		$	7.47

The intrinsic value of service-based restricted stock units that vested and issued as shares during the nine months ended September 30, 2015 and 2014 was $20 and $27, respectively. No units vested during the three months ended September 30, 2015 and 2014.

As of September 30, 2015, the unrecognized compensation expense related to the unvested portion of the Company’s restricted stock units was approximately $22, to be recognized through 2019 over a weighted average period of 1.5 years.

Stock Options

The Company grants stock options to purchase common stock as long-term incentives. The Company issues stock options with exercise prices no less than the fair value of the Company’s stock on the grant date. Employee option grants are subject to installment vesting typically over a period of four years. Stock options may be exercised at any time prior to their expiration date or within ninety days of termination of employment, or such shorter time as may be provided in the related stock option agreement. Prior to July 2010, the Company primarily granted stock options with a ten-year life. Beginning with options granted in July 2010, the Company grants stock options with a

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seven-year life. During the three and nine months ended September 30, 2015, respectively, the Company awarded 1,500 and 20,500 stock options to eligible new employees. In addition, in March 2015, the Company awarded 130,000 stock options to former employees of Nexgen in connection with the acquisition of the Nexgen business.

A summary of the Company’s stock option activity for the nine months ended September 30, 2015 is as follows:

	Options			Weighted Average Exercise Price
Outstanding at December 31, 2014		1,357,928		$	7.81
Granted		150,500			8.00
Exercised		(35,134	)		7.25
Expired or Cancelled		(110,683	)		9.00
Forfeited		(72,820	)		7.76
Outstanding at September 30, 2015		1,289,791		$	7.74
Exercisable at September 30, 2015		796,046		$	7.96

There were no stock option exercises during the three months ended September 30, 2015. During the nine months ended September 30, 2015, the Company received proceeds of $0.3 million from the exercise of 35,134 options. The intrinsic value of these options exercised was $34. During the three months ended September 30, 2014, the Company received proceeds of $13 from the exercise of 1,894 options. The intrinsic value of these options exercised was $2. During the nine months ended September 30, 2014, the Company received proceeds of $0.3 million from the exercise of 41,841 options. The intrinsic value of these options exercised was $55.

The range of exercise prices for options outstanding and exercisable at September 30, 2015, was $5.50 to $11.00. The following table summarizes information about stock options outstanding under all stock option plans:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number Outstanding		Weighted Average Contractual Life (Years)		Weighted- Average Exercise Price		Number Exercisable		Weighted Average Exercise Price
$5.50  -    $6.00		4,879		4.97	$	5.75		3,124	$	5.63
6.01  -      6.50		16,267		3.54		6.23		12,722		6.23
6.51  -      7.00		38,491		2.59		6.85		35,688		6.86
7.01  -      7.50		793,096		4.43		7.18		427,814		7.17
7.51  -      8.00		27,750		5.04		7.79		11,791		7.82
8.01  -      8.50		127,195		5.21		8.17		27,935		8.45
8.51  -      9.00		32,478		1.15		8.76		28,986		8.76
9.01  -      9.50		188,085		0.98		9.19		187,511		9.19
9.51  -    10.00		20,650		2.37		9.64		19,575		9.64
10.01  -    11.00		40,900		0.72		10.64		40,900		10.64
$5.50  -  $11.00		1,289,791		3.72	$	7.74		796,046	$	7.96

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The weighted average contractual life and intrinsic value at September 30, 2015, was the following:

	Weighted Average Contractual Life (years)		Intrinsic Value
Options Outstanding		3.72	$	1
Options Exercisable		2.93	$	1

The intrinsic value is based on the share price of $6.01 at September 30, 2015.

The Company calculated the fair value of each option grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions at September 30^th:

	September 30,
	2015			2014
Dividend yield		3.4	%		2.2	%
Risk-free interest rate		0.6	%		0.5	%
Expected volatility		34	%		34	%
Expected life (in years)		5.2			5.2

The fair value of each unvested option was estimated on the date of grant using the Black-Scholes option valuation model. The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options, which have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility and expected option life. Because the Company’s employee stock options have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, the existing models may not necessarily provide a reliable single measure of the fair value of the employee stock options.

The dividend yield rate was calculated by dividing the Company’s annual dividend by the closing price on the grant date. The risk-free interest rate was based on the U.S. Treasury yields with remaining term that approximates the expected life of the options granted. The Company calculates the volatility based on a five-year historical period of the Company’s stock price. The Company incorporates a forfeiture rate based on historical data in the expense calculation. The expected life used for options granted is based on historical data of employee exercise performance. The Company records expense based on the grading vesting method.

As of September 30, 2015, the unrecognized compensation expense related to the unvested portion of the Company’s stock options was approximately $0.4 million, net of estimated forfeitures to be recognized through 2019 over a weighted average period of 1.2 years.

Performance-based Equity Awards

In June 2015, the Company’s Board of Directors approved the 2015 Long-Term Incentive Plan (“2015 LTIP”). Under the 2015 LTIP, shares are earned by certain executive employees based upon achievement of revenue goals over a four-year period with a penalty if certain profit levels are not maintained. The four-year period is divided into two interim periods (each an “Interim Period”), the first of which will end on December 31, 2016, and the second of which will end on December 31, 2018. The number of shares that can be earned at threshold and target are 212,000 and 424,000, respectively. Stock compensation expense is amortized over the performance period for these awards based on estimated achievement of the goals. No expense was recorded for the 1^st Interim Period of the 2015 LTIP because the Company does not believe it will meet the revenue threshold for the year ended 2016.

In March 2014, the Company’s Board of Directors approved the 2014 Long-Term Incentive Plan (“2014 LTIP”) and the LTIP award agreements were completed in April 2014. Under the 2014 LTIP, shares are earned by certain executive employees based upon achievement of revenue goals over a four-year period with a penalty if certain profit levels are not maintained. The four-year period is divided into two interim periods (each an “Interim Period”), the first of which will end on December 31, 2015, and the second of which will end on December 31, 2017. The number of shares that can be earned at threshold and target are 190,000 and 380,000, respectively. Stock compensation expense is amortized over the performance period for these awards based on estimated achievement of the goals. The achievement period for one executive was modified from two years to one year. For the units that vested, shares were awarded with intrinsic value of $50 and the unvested units were cancelled. For the remaining units, no expense has been recorded for the 1^st Interim Period of the 2014 LTIP because the Company does not believe it will meet the revenue threshold for the year ended 2015.

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The following summarizes the performance unit activity during the nine months ended September 30, 2015:

	Units			Weighted Average Grant Date Fair Value
Unvested Performance Units - December 31, 2014		380,000		$	8.47
Units awarded		424,000			7.49
Units vested		(6,202	)		8.47
Units cancelled		(33,798	)		8.04
Unvested Performance Units - September 30, 2015		764,000		$	7.95

Within a revised employment offer letter to Jigar Thakkar in May 2015, the Company offered Mr. Thakkar the opportunity to earn up to 50,000 shares of common stock-based on achieving revenue goals for 2016. Mr. Thakkar is the primary founder of Nexgen, and remained with the acquired business as the Company’s Vice President, Network Analytics. Under terms of the offer, 50% of the shares will vest on February 27, 2017 and 50% of the shares will vest on February 27, 2018 if Mr. Thakkar remains an employee of the Company on such dates. Stock compensation expense is amortized over the vesting period for these awards based on estimated achievement of the goals.

Employee Stock Purchase Plan (“ESPP”)

The ESPP enables eligible employees to purchase common stock at the lower of 85% of the fair market value of the common stock on the first or last day of each offering period. Each offering period is approximately six months. The Company received proceeds of $0.4 million from the issuance of 76,314 shares under the ESPP in August 2015 and received proceeds of $0.3 million from the issuance of 51,545 shares under the ESPP in August 2014.The Company received proceeds of $0.4 million from the issuance of 57,293 shares under the ESPP in February 2015 and received proceeds of $0.3 million from the issuance of 49,063 shares under the ESPP in February 2014.

Based on the 15% discount and the fair value of the option feature of this plan, this plan is considered compensatory. Compensation expense is calculated using the fair value of the employees’ purchase rights under the Black-Scholes model.

The Company calculated the fair value of each employee stock purchase grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions:

	September 30,
	2015			2014
Dividend yield		3.4	%		2.2	%
Risk-free interest rate		0.6	%		0.3	%
Expected volatility		34	%		38	%
Expected life (in years)		0.5			0.5

The dividend yield rate was calculated by dividing the Company’s annual dividend by the closing price on the grant date. The risk-free interest rate was based on the U.S. Treasury yields with a remaining term that approximates the expected life of the options granted. The dividend yield rate is calculated by dividing the Company’s annual dividend by the closing price on the grant date. The Company calculates the volatility based on a five-year historical period of the Company’s stock price. The expected life used is based on the offering period.

In June 2014, the Company’s shareholders approved an amended and restated ESPP. Under the restated ESPP, the number of shares authorized for issuance was increased by 750,000. In addition, the expiration date of the ESPP was modified from March 2017 to the date that all shares authorized have been granted.

Employee Withholding Taxes on Stock Awards

For ease in administering the issuance of stock awards, the Company holds back shares of vested restricted stock awards and short-term incentive plan stock awards for the value of the statutory withholding taxes. For each individual receiving a share award, the Company redeems the shares it computes as the value for the withholding tax and remits this amount to the appropriate tax authority. The Company paid $0.4 million and $1.0 million for withholding taxes related to stock awards during the nine months ended September 30, 2015 and 2014, respectively.

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Stock Repurchases

All share repurchase programs are authorized by the Company’s Board of Directors and are announced publicly. On November 13, 2014, the Board of Directors approved a share repurchase program of up to 926,000 of the Company’s outstanding shares that will expire on the earlier of the date that the total shares are repurchased or November 13, 2016. On April 20, 2015, the Board of Directors authorized an increase to the share repurchase program to purchase another 500,000 shares of stock. Additionally, on August 10, 2015, the Board of Directors authorized another increase to the share repurchase program to purchase an additional 1,300,000 shares, for a total of 2,726,000 shares. The Company repurchased 1,113,934 shares at an average price of $6.18 during the three months ended September 30, 2015. The Company repurchased 1,494,019 shares at an average price of $6.49 during the nine months ended September 30, 2015. At September 30, 2015, the Company had 1,231,981 shares that could still be repurchased under these programs.

Amended and Restated Stock Plan

On June 10, 2015, the Company’s stockholders approved the amendment and restatement of the PCTEL, Inc. Stock Plan (previously known as the “1997 Stock Plan”) (the “Stock Plan”) to, among other things, increase the number of shares of common stock authorized for issuance under the Stock Plan. As amended and restated, the Stock Plan provides that the maximum aggregate number of shares with respect to which awards may be made under the Stock Plan after the effective date of the amendment and restatement is the sum of (i) 3,573,981 shares, plus (ii) any shares returned (or that would have otherwise been returned) to the Stock Plan on or after the date of approval of the amendment and restatement of the Stock Plan as a result of the Stock Plan’s lapsed share and share counting provisions, plus (iii) any remaining shares that would have been available for grant under the Stock Plan as of the effective date of the amendment and restatement.

At the time of the approval of the amendment and restatement of the Stock Plan by the Company’s stockholders, there were 2,058,769 shares of the Registrant’s Common Stock that had been previously registered under the prior Form S-8s and that were available for issuance under the Stock Plan. In addition, under the Stock Plan there were an aggregate of 316,740 unvested restricted shares outstanding and outstanding options to purchase 1,437,661 shares. Substantially all of the shares that remained available for grants under the Stock Plan had already been committed to awards under various incentive programs. Accordingly, the Company requested, and obtained, the approval of the stockholders to increase the number of shares available to enable the Company to continue making planned awards in 2015 and subsequent years.

9. Benefit Plans

Employee Benefit Plans

The Company’s 401(k) plan covers all full-time U.S. employees beginning the first of the month following the month they begin their employment. Under this plan, employees may elect to contribute up to 15% of their current compensation to the 401(k) plan, up to the statutorily prescribed annual limit. The Company may make discretionary contributions to the 401(k) plan. The Company also contributes to various retirement plans for foreign employees.

The Company’s contributions to retirement plans were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
PCTEL, Inc. 401(k) Profit sharing Plan - US employees	$	195	$	154	$	575	$	503
Defined contribution plans - foreign employees		87		84		248		245
Total	$	282	$	238	$	823	$	748

Executive Deferred Compensation Plan

Through December 2013, the Company provided an Executive Deferred Compensation Plan (“EDCP”) for executive officers, senior managers and directors. The Company funded the obligation related to the EDCP with corporate-owned life insurance policies. In November 2012, the Company’s Board of Directors authorized the termination of the EDCP and on December 27, 2013, the plan was terminated. The funds at the life insurance company were remitted to the Company and subsequently invested by the Company to fund the obligation.

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At December 31, 2014, the value of the Company’s investment account to fund EDCP obligations was $2.1 million, included in cash equivalents and short-term investments and the deferred compensation obligation was $2.0 million, included in accrued liabilities in the consolidated balance sheets. In January 2015, the Company paid out the full amount of the obligation of $2.0 million to the participants.

10. Commitments and Contingencies

Operating Leases

The Company has operating leases for facilities through 2020 and office equipment through 2019. The future minimum rental payments under these leases at September 30, 2015, are as follows:

Year	Amount
2015	$	299
2016		1,067
2017		933
2018		889
2019		673
Thereafter		231
Future minimum lease payments	$	4,092

The rent expense under leases was approximately $0.3 million and $0.2 million for the three months ended September 30, 2015, and 2014, respectively. The rent expense under leases was approximately $0.8 million and $0.7 million for the nine months ended September 30, 2015, and 2014, respectively.

In conjunction with the asset purchase agreement for Nexgen, the Company assumed the lease for office space in Schaumburg, Illinois consisting of 6,652 square feet. The lease expiration date is October 31, 2018 and the total lease obligation pursuant to this lease assumption is $0.4 million.

In April 2015, the Company formally terminated the leased office space in San Antonio, Texas effective September 27^th, 2015.

In May 2015, the Company entered into a new five-year, five-month lease for an office for our expanding engineering services business in Englewood, Colorado consisting of leased space of 4,579 square feet with a lease expiration date of February 28^th, 2021. The first five months of the lease term are rent free. The total lease obligation pursuant to this lease is $0.6 million.

In May 2015, the Company extended the lease for its assembly facility in Pryor, Oklahoma for a period of six months ending October 31^st, 2015. The total lease obligation pursuant to this lease was $39. This lease was not renewed after October 2015 because of the Company’s exit from the mobile tower product line.

In October 2015, the Company entered into a new five-year lease for additional manufacturing space in Tianjin, China consisting of 22,163 square feet with a lease expiration date of October 2020. The total lease obligation pursuant to this lease is $0.2 million.

All properties are in good condition and are suitable for the purposes for which they are used. We believe that we have adequate space for our current needs.

Capital Leases

The Company has capital leases for office and manufacturing equipment. The net book values for asset under capital leases were as follows:

	September 30, 2015			December 31, 2014
Cost	$	219		$	189
Accumulated Depreciation		(46	)		(16	)
Net Book Value	$	173		$	173

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The following table presents future minimum lease payments under capital leases at September 30, 2015, together with the present value of the net minimum lease payments due in each year:

Year	Amount
2015	$	13
2016		50
2017		50
2018		40
2019		29
2020		4
Total minimum payments required:		186
Less amount representing interest:		13
Present value of net minimum lease payments:	$	173

Warranty Reserve and Sales Returns

The Company allows its major distributors and certain other customers to return unused product under specified terms and conditions. The Company accrues for product returns based on historical sales and return trends. The Company’s allowance for sales returns was $0.2 million at September 30, 2015 and $0.1 million at December 31, 2014.

The Company offers repair and replacement warranties of up to five years for certain antenna products and scanning receiver products. The Company’s warranty reserve is based on historical sales and costs of repair and replacement trends. The warranty reserve was $0.4 million and $0.3 million at September 30, 2015 and December 31, 2014, respectively, and is included in other accrued liabilities in the accompanying condensed consolidated balance sheets.

Changes in the warranty reserves during the nine months ended September 30, 2015 and 2014, were as follows:

	Nine Months Ended September 30,
	2015			2014
Beginning balance	$	304		$	305
Provisions for warranties		93			62
Consumption of reserves		(16	)		(60	)
Ending balance	$	381		$	307

Restructuring Charges

In June 2015, the Company committed to a restructuring program for reductions in U.S. headcount and the exit from the mobile towers product line. The Company acquired the mobile tower product line in the 2012 acquisition of TelWorx (defined below). The Company’s mobile towers were primarily sold into the oil and gas exploration market in North America. The mobile towers were used to either provide a communications link to an oil drilling site or lighting for a site under construction. The decline in oil prices caused a decline in related mobile tower sales. The Company made the decision to exit the mobile tower product line due to the anticipated long term effect on revenue from depressed oil prices, and the fact that one of our two tower suppliers filed for Chapter 7 bankruptcy during June 2015 as a result of the decline in volume. Mobile towers were not a key element of the company’s kitting operation or antenna business within Connected Solutions. According to the accounting guidance, the exit of the mobile tower product line does not meet the requirements of discontinued operations.

The Company incurred restructuring charges of $0.4 million and $0.9 million during the three and nine months ended September 30, 2015, respectively. During the three months ended September 30, 2015, the Company incurred $0.4 million for severance and employee related costs related to the termination of 18 employees and $23 related to the disposal of fixed assets of the mobile tower product line. During the nine months ended September 30, 2015, the Company incurred severance costs of $0.4 million of severance and employee related costs related to the termination of 20 employees, $23 related to the disposal of fixed assets of the mobile tower product line, and $0.4 million of intangible assets related to mobile towers.

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The following table summarizes the restructuring activity during the nine months ended September 30, 2015 and the status of the reserves at September 30. 2015:

	Accrual							Accrual
	Balance at							Balance at
	December 31,		Restructuring		Payments/			September 30,
	2014		Expense		Charges			2015
2015 Restructuring:
Employee related costs	$	0	$	423	($	394	)	$	29
Fixed assets		0		23		(23	)		0
Intangible assets adjustment		0		406		(406	)		0
Totals	$	0	$	852	($	823	)	$	29

TelWorx Settlements

The Company acquired substantially all of the assets and assumed certain specified liabilities of TelWorx Communications LLC, TelWorx U.K. Limited, TowerWorx LLC and TowerWorx International, Inc. (collectively “TelWorx”), pursuant to an Asset Purchase Agreement (“APA”) dated as of July 9, 2012 among the Company, TelWorx and Tim and Brenda Scronce, the principal owners of TelWorx. The business operations associated with these purchased assets is collectively referred to as “TelWorx” in this Form 10-Q. As disclosed in the Company’s Form 8-K/A filed with the Securities and Exchange Commission (the “SEC”) on March 13, 2013, after completion of the acquisition, the Company became aware of certain accounting irregularities with respect to the TelWorx Entities and the Company’s Board of Directors directed management to conduct an internal investigation. Based on the results of the Company’s investigation, the Company’s Board of Directors directed management to seek restitution from the TelWorx Parties. On March 27, 2013, after protracted negotiations and concurrent litigation, the parties entered into an amendment to the APA and related settlement agreements to settle the dispute.

The Company sought and received restitution from two parties who assisted the sellers of TelWorx by providing professional services to the sellers in connection with their sale of the business to PCTEL. On September 30, 2014, the Company settled in cash with one party for $0.1 million and on October 10, 2014, the Company settled with the other party in cash for $0.8 million. The Company recorded the settlements as income in the quarters ended September 30, 2014 and December 31, 2014, respectively.

11. Income Taxes

The Company recorded an income tax benefit of $0.5 million for the nine months ended September 30, 2015. The tax benefit for the nine months ended September 30, 2015 differed from the statutory rate of 34% primarily because of state income taxes. The Company recorded income tax expense of $0.3 million for the nine months ended September 30, 2014. The tax expense for the nine months ended September 30, 2014 differed from the statutory rate of 34% primarily because the Company recorded a tax benefit of $0.8 million related to the reversal of a liability for uncertain income taxes.

The Company’s valuation allowance against its deferred tax assets was $0.6 million at September 30, 2015 and December 31, 2014. On a regular basis, the Company evaluates the recoverability of deferred tax assets and the need for a valuation allowance. Such evaluations involve the application of significant judgment. The Company considers multiple factors in its evaluation of the need for a valuation allowance. The Company’s long-term forecasts continue to support the realization of its deferred tax assets. The Company’s domestic deferred tax assets have a ratable reversal pattern over 15 years. The carry forward rules allow for up to a 20 year carry forward of net operating losses (“NOL”) to future income that is available to realize the deferred tax assets. The combination of the deferred tax asset reversal pattern and carry forward period yields a 26.0 year average period over which future income can be utilized to realize the deferred tax assets.

The Company’s gross unrecognized tax benefit was $0.8 million at September 30, 2015 and December 31, 2014.

The Company files a consolidated federal income tax return, income tax returns with various states, and foreign income tax returns in various foreign jurisdictions. The Company’s U.S. federal and state tax returns remain subject to examination for 2011 and subsequent periods.

12. Segment, Customer and Geographic Information

PCTEL operates in two segments for reporting purposes. The Company’s Connected Solutions segment includes its antenna and engineered site solutions. Its RF Solutions segment includes its scanning receivers and RF engineering services. Each of the segments has its own segment manager as well as its own engineering, sales and marketing, and operational general and administrative functions. All of the Company’s accounting and finance, human resources, IT and legal functions are provided on a centralized basis through the corporate

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function. The Company manages its balance sheet and cash flows centrally at the corporate level, with the exception of trade accounts receivable and inventory which is managed at the segment level. Each of the segment managers reports to and maintains regular contact with the chief operating decision maker to discuss operating activities, financial results, forecasts, or plans for the segment. The Company’s chief operating decision maker uses the profit and loss results through operating profit and identified assets for Connected Solutions and RF Solutions segments to make operating decisions.

The following tables are the segment operating profits and cash flow information for the three and nine months ended September 30, 2015 and 2014, respectively, and the segment balance sheet information as of September 30, 2015 and December 31, 2014:

	Three Months Ended September 30, 2015
	Connected Solutions		RF Solutions			Corporate			Total
REVENUES	$	17,450	$	9,115		($	39	)	$	26,526
GROSS PROFIT		4,729		3,894			7			8,630
OPERATING INCOME (LOSS)	$	1,160	($	1,058	)	($	2,323	)	($	2,221	)
Depreciation	$	428	$	289		$	64		$	781
Intangible amortization	$	195	$	930		$	0		$	1,125
Capital expenditures	$	135	$	151		$	0		$	286
	Nine Months Ended September 30, 2015
	Connected Solutions		RF Solutions			Corporate			Total
REVENUES	$	52,903	$	27,749		($	175	)	$	80,477
GROSS PROFIT		15,588		12,802			20			28,410
OPERATING INCOME (LOSS)	$	4,255	($	181	)	($	8,056	)	($	3,982	)
Depreciation	$	1,281	$	809		$	208		$	2,298
Intangible amortization	$	655	$	2,308		$	0		$	2,963
Capital expenditures	$	653	$	836		$	94		$	1,583
	As of September 30, 2015
	Connected Solutions		RF Solutions			Corporate			Total
Accounts receivable	$	12,341	$	8,302		$	0		$	20,643
Inventories	$	14,761	$	2,426		$	0		$	17,187
Long-lived assets:
Property and equipment, net	$	10,400	$	3,027		$	615		$	14,042
Goodwill	$	0	$	3,493		$	0		$	3,493
Intangible assets, net	$	620	$	11,814		$	0		$	12,434
Deferred tax assets, net	$	0	$	0		$	10,348		$	10,348
Other noncurrent assets	$	0	$	0		$	36		$	36

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	Three Months Ended September 30, 2014
	Connected Solutions		RF Solutions		Corporate			Total
REVENUES	$	18,697	$	9,283	($	48	)	$	27,932
GROSS PROFIT		5,803		5,584		7			11,394
OPERATING INCOME (LOSS)	$	2,262	$	2,492	($	2,658	)	$	2,096
Depreciation	$	426	$	211	$	86		$	723
Intangible amortization	$	261	$	204	$	0		$	465
Capital expenditures	$	241	$	345	$	10		$	596
	Nine Months Ended September 30, 2014
	Connected Solutions		RF Solutions		Corporate			Total
REVENUES	$	52,409	$	25,578	($	218	)	$	77,769
GROSS PROFIT		16,635		15,171		20			31,826
OPERATING INCOME (LOSS)	$	5,278	$	5,150	($	8,209	)	$	2,219
Depreciation	$	1,267	$	562	$	257		$	2,086
Intangible amortization	$	891	$	612	$	0		$	1,503
Capital expenditures	$	811	$	1,036	$	37		$	1,884
	As of December 31, 2014
	Connected Solutions		RF Solutions		Corporate			Total
Accounts receivable	$	15,947	$	7,927	$	0		$	23,874
Inventories	$	14,172	$	2,186	$	0		$	16,358
Long-lived assets:
Property and equipment, net	$	11,124	$	2,987	$	731		$	14,842
Goodwill	$	0	$	161	$	0		$	161
Intangible assets, net	$	1,681	$	956	$	0		$	2,637
Deferred tax assets, net	$	0	$	0	$	9,710		$	9,710
Other noncurrent assets	$	0	$	0	$	40		$	40

The Company’s revenues to customers outside of the United States, as a percent of total revenues for the three and nine months ended September 30, 2015 and 2014, respectively were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
Region	2015			2014			2015			2014
Asia Pacific		9	%		11	%		9	%		11	%
Europe, Middle East, & Africa		7	%		7	%		9	%		9	%
Other Americas		7	%		7	%		6	%		6	%
Total Foreign sales		23	%		25	%		24	%		26	%

There were no customers that accounted for 10% or greater of revenues during the three months and nine months ended September 30, 2015 and no customers accounted for greater than 10% of revenues for the three and nine months ended September 30, 2014.

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13. Related Parties

The Company leased its Pryor, Oklahoma facility from American Tradition Custom Steel LLC, of which Mr. Aaron Jarvis is a member. Mr. Jarvis was the operations manager for the Company’s mobile tower business. Mr. Jarvis was separated from employment with the Company in September 2015, and the lease terminated on October 31^st, 2015. Effective October, 2015, Mr. Jarvis provides warranty support as a contractor for the mobile towers product line.

14. Subsequent Events

The Company evaluates subsequent events occurring between the most recent balance sheet date and the date that the financial statements are available to be issued in order to determine whether the subsequent events are to be recorded and/or disclosed in the Company’s financial statements and footnotes. The financial statements are considered to be available to be issued at the time that they are filed with the SEC. Except as described below, there were no other subsequent events or transactions that required recognition or disclosure in the consolidated financial statements.

On November 3^rd, 2015, the Company eliminated the positions of 22 U.S. employees for Connected Solutions. The Company will incur restructuring charges of approximately $0.6 million related to severance and employee benefits for these headcount eliminations during the quarter ended December 31, 2015.

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Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following information should be read in conjunction with the condensed consolidated financial statements and the notes thereto included in Item 1 of this Quarterly Report on Form 10-Q and in conjunction with the consolidated financial statements for the year ended December 31, 2014 contained in our Annual Report on Form 10-K filed on March 13, 2015. Except for historical information, the following discussion contains forward looking statements that involve risks and uncertainties, including statements regarding our anticipated revenues, profits, costs and expenses and revenue mix. These forward-looking statements include, among others, those statements including the words “may,” “will,” “plans,” “seeks,” “expects,” “anticipates,” “intends,” “believes” and words of similar meaning. Such statements constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. No undue reliance should be placed on these forward-looking statements. Our actual results could differ materially from those projected in these forward-looking statements.

Our revenues were lower in the three months ended September 30, 2015 and higher in the nine months ended September 30, 2015, compared to the same periods in 2014. For the three months ended September 30, 2015, revenues were $26.5 million, a decrease of $1.4 million, or 5.0% compared to the same period in 2014. For the nine months ended September 30, 2015, our revenues were $80.5 million, an increase of $2.7 million, or 3.5% compared to the same period in 2014. We reported an operating loss of $2.2 million for the three months ended September 30, 2015, lower by $4.3 million compared to the same period in 2014. We reported an operating loss of $4.0 million for the nine months ended September 30, 2015, lower by $6.2 million compared to the same period in 2014. The decline in operating profit for the three and nine months ended September 30, 2015 was due to higher operating expenses and lower gross profit from RF Solutions.

Introduction

PCTEL delivers Performance Critical Telecom solutions. RF Solutions develops and provides test equipment, software and engineering services for wireless networks. The industry relies upon PCTEL to benchmark network performance, analyze trends, and optimize wireless networks. Connected Solutions designs and delivers performance critical antennas and site solutions for wireless networks globally. Our antennas support evolving wireless standards for cellular, private, and broadband networks. PCTEL antennas and site solutions support networks worldwide, including supervisory control and data acquisition (“SCADA”) for oil, gas and utilities, fleet management, industrial operations, health care, small cell and network timing deployment, defense, public safety, education, and broadband access.

Revenue growth for antenna products and site solutions is driven by emerging wireless applications in the following markets: public safety, military, and government applications; SCADA, healthcare, energy, smart grid and agricultural applications; indoor wireless, wireless backhaul, and cellular applications. Revenue growth for scanning receiver products, interference management products, and optimization services is driven by the deployment of new wireless technology and the need for wireless networks to be tuned and reconfigured on a regular basis.

We have an intellectual property portfolio related to antennas, the mounting of antennas, and scanning receivers. These patents are being held for defensive purposes and are not part of an active licensing program.

PCTEL operates in two segments for reporting purposes, Connected Solutions and RF Solutions. Our Connected Solutions segment includes our antenna and site solutions and our RF Solutions segment includes our scanning receivers and related RF engineering services. Each segment has its own manager as well as its own engineering, sales and marketing, and operational general and administrative functions. All of our accounting and finance, human resources, IT and legal functions are provided on a centralized basis through the corporate function.

On February 27, 2015, we acquired substantially all of the assets of, and assumed certain specified liabilities of, Nexgen Wireless, Inc., (“Nexgen”), pursuant to an Asset Purchase Agreement dated as of February 27, 2015 (the “Nexgen APA”) among PCTEL, Nexgen, and the Nexgen Parties.

The business acquired from Nexgen is based in Schaumburg, Illinois. Nexgen provides Meridian™, a network analysis tool portfolio, and engineering services. Nexgen’s Meridian software product portfolio translates real-time network performance data into engineering actions to optimize operator performance. Meridian, with its modules of Network IQ™, Subscriber IQ™, and Map IQ™, supports crowd-based, cloud-based data analysis to enhance network performance. Nexgen provides performance engineering, specialized staffing, and trend analysis for carriers, infrastructure vendors, and neutral hosts for 2G, 3G, 4G, and LTE networks.

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Results of Operations

Three and Nine months ended September 30, 2015 and 2014

(in thousands)

Revenues by Segment

	Three Months Ended September 30,
	2015			2014			$ Change			% Change
Connected Solutions	$	17,450		$	18,697		($	1,247	)		-6.7	%
RF Solutions		9,115			9,283			(168	)		-1.8	%
Corporate		(39	)		(48	)		9			not meaningful
Total	$	26,526		$	27,932		($	1,406	)		-5.0	%
	Nine Months Ended September 30,
	2015			2014			$ Change			% Change
Connected Solutions	$	52,903		$	52,409		$	494			0.9	%
RF Solutions		27,749			25,578			2,171			8.5	%
Corporate		(175	)		(218	)		43			not meaningful
Total	$	80,477		$	77,769		$	2,708			3.5	%

Revenues decreased 5.0% for the three months ended September 30, 2015 and increased 3.5% for the nine months ended September 30, 2015, respectively, compared to the same periods in 2014. For the three months ended September 30, 2015, the decrease consisted of approximately $1.2 million from Connected Solutions and $0.2 million from RF Solutions. For the nine months ended September 30, 2015, the increase consisted of $5.2 million of revenue from our Nexgen acquisition, offsetting a $2.5 million decline in organic revenue.

Connected Solutions revenues declined 6.7% for the three months ended September 30, 2015 and increased 0.9% for the nine months ended September 30, 2015 compared to the same periods in 2014. Antenna product revenues increased in the three and nine months ended September 30, 2015, compared to the same periods in 2014. Antenna product revenues increased from growth in the OEM sales channel. Site solutions revenues decreased in the three and nine months ended September 30, 2015 compared to same periods in 2014. For the three months ended September 30, 2015, site solutions revenues declined due to the completion of a carrier small cell project that started in 2014. For the nine months ended September 30, 2015, site solutions revenues declined due to both the completion of the carrier small cell project and the decline in mobile tower revenue.

RF Solutions revenues declined 1.8% for the three months ended September 30, 2015 as organic revenue was down $2.0 million, offset by a $1.8 million in revenues from the Nexgen acquisition. For the nine months ended September 2015, revenues increased 8.5% as revenue from the Nexgen acquisition contributed $5.2 million, offsetting lower organic revenue of $3.0 million.

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Gross Profit by Segment

	Three Months Ended September 30,
	2015		% of Revenues			2014		% of Revenues
Connected Solutions	$	4,729		27.1	%	$	5,803		31.0	%
RF Solutions		3,894		42.7	%		5,584		60.2	%
Corporate		7		not meaningful			7		not meaningful
Total	$	8,630		32.5	%	$	11,394		40.8	%
	Nine Months Ended September 30,
	2015		% of Revenues			2014		% of Revenues
Connected Solutions	$	15,588		29.5	%	$	16,635		31.7	%
RF Solutions		12,802		46.1	%		15,171		59.3	%
Corporate		20		not meaningful			20		not meaningful
Total	$	28,410		35.3	%	$	31,826		40.9	%

The gross profit percentage of 32.5% for the three months ended September 30, 2015 was 8.3% lower than the corresponding period in fiscal 2014 and the gross profit percentage of 35.3% for the nine months ended September 30, 2015 was 5.6% lower than the corresponding period in fiscal 2014. The decline in the gross profit percentage was due to decreased contribution of higher margin scanning receivers business, and increased contribution of lower margin services.

The gross profit percentage for Connected Solutions decreased 3.9% and 2.2% during the three and nine months ended September 30, 2015, respectively, compared to the same periods in 2014. For the three and nine months ended September 30, 2015, revenue was significantly higher in our OEM channel for Wi-Fi products, which carries less margin percent than our GNSS products. For the three months ended September 30, 2015, approximately half of the gross profit decline was due to the mobile tower product line, which we exited at the end of the quarter.

The gross profit percentage for RF Solutions declined 17.5% and 13.2% during the three and nine months ending September 30, 2015, respectively, compared to the same periods in the prior year. The decline in scanning receiver and in-building services revenues was the primary contributor to the gross margin erosion.

Operating Profit by Segment

	Three Months Ended September 30,
	2015			% of Revenues			2014			% of Revenues
Connected Solutions	$	1,160			6.6	%	$	2,262			12.1	%
RF Solutions		(1,058	)		-11.6	%		2,492			26.8	%
Corporate		(2,323	)		not meaningful			(2,658	)		not meaningful
Total	($	2,221	)		-8.4	%	$	2,096			7.5	%
	Nine Months Ended September 30,
	2015			% of Revenues			2014			% of Revenues
Connected Solutions	$	4,255			8.0	%	$	5,278			10.1	%
RF Solutions		(181	)		-0.7	%		5,150			20.1	%
Corporate		(8,056	)		not meaningful			(8,209	)		not meaningful
Total	($	3,982	)		-4.9	%	$	2,219			2.9	%

Total operating profit declined by $4.3 million and $6.2 million during the three and nine months ended September 30, 2015 compared to 2014 primarily due to lower gross profits and higher operating expenses.

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For the three and nine months ended September 30, 2015, Connected Solutions operating profit declined by $1.1 million and $1.0 million, respectively, due to lower gross profits.

RF Solutions operating profit was lower by $3.6 million and $5.3 million during the three and nine months ended September 30, 2015 compared to the prior periods. For both the three and nine months ended September 30, 2015, lower gross margins, higher intangible amortization, and restructuring charges offset lower research and development expenses.

Within the corporate function, expenses decreased $0.3 million for the three months ended September 30, 2015 and decreased $0.2 million for the nine months ended September 30, 2015, compared to the same periods in fiscal 2014. For the three months ended September 30, 2015 legal and professional fees related to the TelWorx SEC investigation declined $0.4 million, offsetting $0.1 million for expenses related to the Nexgen acquisition. For the nine months ended September 30, 2015, legal and professional fees associated with the TelWorx SEC investigation declined by $1.0 million and stock compensation expenses declined by $0.6 million, offsetting $1.4 million of expenses related to the Nexgen acquisition.

Consolidated Operating Expenses

	Three Months Ended September 30,					Three Months Ended September 30,		% of Revenues
	2015		Change			2014		2015			2014
Research and development	$	2,863	$	204		$	2,659		10.8	%		9.5	%
Sales and marketing		3,603		549			3,054		13.6	%		10.9	%
General and administrative		2,847		(273	)		3,120		10.7	%		11.2	%
Amortization of intangible assets		1,125		660			465		4.2	%		1.7	%
Restructuring charges		413		413			0		1.6	%		0.0	%
	$	10,851	$	1,553		$	9,298		40.9	%		33.3	%
	Nine Months Ended September 30,					Nine Months Ended September 30,		% of Revenues
	2015		Change			2014		2015			2014
Research and development	$	8,506	($	464	)	$	8,970		10.6	%		11.5	%
Sales and marketing		10,558		1,246			9,312		13.1	%		12.0	%
General and administrative		9,513		(309	)		9,822		11.8	%		12.6	%
Amortization of intangible assets		2,963		1,460			1,503		3.7	%		1.9	%
Restructuring charges		852		852			0		1.1	%		0.0	%
	$	32,392	$	2,785		$	29,607		40.3	%		38.1	%

Research and Development

Research and development expenses increased approximately $0.2 million for the three months ended September 30, 2015, and decreased approximately $0.5 million for the nine months ended September 30, 2015 compared to the corresponding periods in 2014. For the three months ended September 30, 2015 compared to the prior year period, development expenses of $0.4 million related to the Meridian software product from the Nexgen acquisition offset lower expenses for scanning receivers development. For the nine months ended September 30, 2015, development expenses for scanning receivers declined $1.2 million and stock compensation expenses declined $0.3 million, offsetting $0.9 million of development expenses related to the Meridian software product and $0.1 million for antenna products. Development expenses declined for scanning receivers because the IBflex^® scanning receiver was launched in 2014.

Sales and Marketing

Sales and marketing expenses include costs associated with the sales and marketing employees, sales agents, product line management, and trade show expenses.

Sales and marketing expenses increased approximately $0.5 million and $1.2 million for the three and nine months ended September 30, 2015 compared to the same periods in fiscal 2014. For the three months ended September 30, 2015 compared to same period in 2014, expenses increased $0.5 million for RF Solutions, and $0.1 million for stock compensation expenses. For the nine months ended September 30, 2015 compared to same period in 2014, expenses increased $1.2 million for RF Solutions and $0.1 million for corporate marketing,

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offsetting a decline of $0.1 million in stock compensation expenses. For both the three and nine months ended September 30, 2015, expenses increased for RF Solutions because of costs associated with the Nexgen acquisition and headcount increases for business development for engineering services.

General and Administrative

General and administrative expenses include costs associated with the general management, finance, human resources, information technology, legal, insurance, public company costs, and other operating expenses to the extent not otherwise allocated to other functions.

General and administrative expenses decreased $0.3 million for the three and nine months ended September 30, 2015 compared to the same periods in fiscal 2014. For the three months ended September 30, 2015, legal and professional fees related to the TelWorx SEC investigation declined $0.4 million and stock compensation expenses declined $0.1 million compared to the prior year, offsetting $0.2 million for expenses related to the Nexgen acquisition. For the nine months ended September 30, 2015, legal and professional fees associated with the TelWorx SEC investigation declined by $1.0 million, stock compensation expenses declined by $0.6 million, and expenses for the short-term incentive plan declined by $0.3 million, offsetting $1.6 million of expenses related to the Nexgen acquisition.

Amortization of Intangible Assets

Amortization increased $0.7 million and $1.5 million during the three and nine months ended September 30, 2015 compared to the same periods in 2014. Amortization for assets purchased from Nexgen added $0.7 million and $1.7 million for the three and nine months ended September 30, 2015, respectively, offsetting lower amortization for Connected Solutions because certain assets were fully amortized in 2014.

Restructuring Charges

In June 2015, we committed to a restructuring program for reductions in U.S. headcount and the exit from the mobile towers product line. We acquired the mobile tower product line in the 2012 acquisition of TelWorx. Our mobile towers were primarily sold into the oil and gas exploration market in North America. The towers were used to either provide a communications link to an oil drilling site or lighting for a site under construction. The decline in oil prices led to a decline in related mobile tower sales. We made the decision to exit the mobile tower product line due to the anticipated long term effect on revenue from depressed oil prices, and the fact that one of our two tower suppliers filed for Chapter 7 bankruptcy during June 2015 as a result of the decline in volume. Mobile towers were not a key element of our kitting operation or antenna business within Connected Solutions.

We incurred restructuring charges of $0.4 million and $0.9 million during the three and nine months ended September 30, 2015. During the three months ended September 30, 2015, we incurred $0.4 million of severance and employee related costs related to the termination of 18 employees and $23 related to the disposal of fixed assets of the mobile tower product line. During the nine months ended September 30, 2015, we incurred $0.4 million of severance costs related to the termination of 20 employees, $23 for disposal of fixed assets related to the mobile tower product line, and $0.4 million of intangible assets related to mobile towers. The Company expects to incur restructuring charges of approximately $0.6 million during the fourth quarter of 2015 related to additional headcount reductions for Connected Solutions.

Other Income, Net

	Three Months Ended September 30, 2015			Three Months Ended September 30, 2014			Nine Months Ended September 30, 2015			Nine Months Ended September 30, 2014
Net settlement income	$	500		$	100		$	2,660		$	175
Insurance proceeds		11			88			101			559
Interest income		10			13			40			51
Foreign exchange gains (losses)		5			10			(23	)		(37	)
Other, net		8			(4	)		5			(10	)
	$	534		$	207		$	2,783		$	738
Percentage of revenues		2.0	%		0.7	%		3.5	%		0.9	%

Other income, net consists of interest income, foreign exchange gains and losses, as well as income from insurance proceeds and legal settlements. For the three months ended September 30, 2015, settlement income consisted of a benefit related to revised estimate for the Nexgen earnout. The earnout was revised as part of the Nexgen APA Amendment dated May 5, 2015, which was accepted for as a legal settlement. For the nine months ended September 30, 2015, settlement income of $2.7 million related to the Nexgen APA Amendment and consisted of $2.25 million for the release of the Nexgen escrow fund and $0.8 million from the collection of previously excluded

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accounts receivables, offset by $0.4 million of expense recognized for the liability of the revised Nexgen earnout. For the three months ended September 30, 2015 and 2014, respectively, other income, net includes $11 and $88 of insurance proceeds related to the SEC investigation of TelWorx. For the nine months ended September 30, 2015 and 2014, respectively, other income, net includes $0.1 million and $0.6 million of insurance proceeds related to the SEC investigation of TelWorx.

Expense (Benefit) for Income Taxes

	Three Months Ended September 30, 2015			Three Months Ended September 30, 2014			Nine Months Ended September 30, 2015			Nine Months Ended September 30, 2014
Expense (benefit) for income taxes	($	625	)	$	85		($	451	)	$	340
Effective tax rate		37.0	%		3.7	%		37.6	%		11.5	%

The effective tax rate for the nine months ended September 30, 2015 differed from the statutory rate of 34% by approximately 3.0% because of state income taxes. The effective tax rate for the nine months ended September 30, 2014 differed from the statutory rate of 34.0% by 22.5% primarily because we recorded a tax benefit of $0.8 million related to the reversal of a liability for uncertain income taxes.

We maintain valuation allowances due to uncertainties regarding realizability. At September 30, 2015 and December 31, 2014, we had a $0.6 million valuation allowance on our deferred tax assets. The valuation allowance primarily relates to deferred tax assets in tax jurisdictions in which we no longer have significant operations. On a regular basis, management evaluates the recoverability of deferred tax assets and the need for a valuation allowance.

We regularly evaluate our estimates and judgments related to uncertain tax positions and when necessary, establish contingency reserves to account for our uncertain tax positions. As we obtain more information via the settlement of tax audits and through other pertinent information, these projections and estimates are reassessed and may be adjusted accordingly. These adjustments may result in significant income tax provisions or provision reversals.

Stock-based Compensation Expense

The condensed consolidated statements of operations include $0.7 million and $1.4 million of stock compensation expense for the three and nine months ended September 30, 2015, respectively. Stock compensation expense for the three months ended September 30, 2015 consists of $0.5 million for restricted stock awards, $33 related to performance units, $57 for stock option expenses and $55 for stock purchase plan expenses. Stock compensation expense for the nine months ended September 30, 2015 consists of $1.4 million for restricted stock awards, $0.4 million for stock option expenses and $0.2 million for stock purchase plan expenses, offset by the expense reversal of $0.5 million related to performance units that are not expected to vest.

The condensed consolidated statements of operations include $0.7 million and $2.6 million of stock compensation expense for the three and nine months ended September 30, 2014, respectively. Stock compensation expense for the three months ended September 30, 2014 consisted of $0.5 million for restricted stock awards, $0.2 million for stock option expenses and $54 for stock purchase plan expenses. Stock compensation expense for the nine months ended September 30, 2014 consists of $1.6 million for restricted stock awards, $0.8 million for stock option expenses and $137 for stock purchase plan expenses.

The Company did not capitalize any stock compensation expense during the three and nine months ended September 30, 2015 or 2014.

Total stock-based compensation is reflected in the condensed consolidated statements of operations as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Cost of revenues	$	115	$	112	$	244	$	315
Research and development		99		149		244		509
Sales and marketing		230		155		370		491
General and administrative		206		315		534		1,263
Total	$	650	$	731	$	1,392	$	2,578

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Liquidity and Capital Resources

	Nine Months Ended September 30,
	2015			2014
Net income (loss)	($	748	)	$	2,617
Charges for depreciation, amortization, stock-based compensation, and other non-cash items		6,068			5,619
Changes in operating assets and liabilities		2,481			(2,808	)
Net cash provided by operating activities	$	7,801		$	5,428
Net cash used in investing activities	($	3,894	)	($	5,325	)
Net cash used in financing activities	($	11,445	)	($	2,545	)
	September 30, 2015			December 31, 2014
Cash and cash equivalents at the end of period	$	12,887		$	20,432
Short-term investments at the end of period	$	21,428		$	39,577
Working capital at the end of period	$	64,803		$	88,573

Liquidity and Capital Resources Overview

At September 30, 2015, our cash and investments were approximately $34.3 million and we had working capital of $64.8 million. Our primary source of liquidity is cash provided by operations, with short-term swings in liquidity supported by a significant balance of cash and short-term investments. The balance has fluctuated with cash from operations, acquisitions and divestitures, payment of dividends and the repurchase of our common shares.

Within operating activities, we are historically a net generator of operating funds from our income statement activities and a net user of operating funds for balance sheet expansion. We expect this historical trend to continue in the future.

Within investing activities, capital spending historically ranges between 2.0% and 5.0% of our revenues and the primary use of capital is for manufacturing and development engineering requirements. Our capital expenditures during the nine months ended September 30, 2015 were approximately 2.0% of revenues. We historically have significant transfers between investments and cash as we rotate our large cash balances and short-term investment balances between money market funds, which are accounted for as cash equivalents, and other investment vehicles. We have a history of supplementing our organic revenue growth with acquisitions of product lines or companies, resulting in significant uses of our cash and short-term investment balances from time to time. We expect the historical trend for capital spending and the variability caused by moving money between cash and investments and periodic merger and acquisition activity to continue in the future.

Within financing activities, we have historically generated funds from the exercise of stock options and proceeds from the issuance of common stock through the Employee Stock Purchase Plan (“ESPP”) and have historically used funds to repurchase shares of our common stock through our share repurchase programs. We pay quarterly dividends and have reinstated a stock repurchase program. Whether this activity results in our being a net user of funds versus a net generator of funds is largely dependent on our stock price during any given year.

Management believes that our current financial position, which includes $34.3 million in cash and investments, and no debt, combined with its historic ability to generate free cash flow (cash flow from operations less capital spending) provide adequate liquidity and working capital to support its operations.

Operating Activities:

Operating activities provided $7.8 million during the nine months ended September 30, 2015 as we generated $5.3 million of cash from our income statement activities and $2.5 million of cash from our balance sheet activities. Within the balance sheet, we generated cash of $8.6 million from accounts receivable, of which $5.3 million related to the collection of opening balance sheet accounts receivable for Nexgen. We used $2.0 million for the payout of the executive deferred compensation plan, and we used $1.5 million to pay annual 2014 accruals, including short-term incentive plan bonuses and sales commissions. Inventories increased $0.9 million due to higher inventories for both Connected Solutions and RF Solutions. We used $0.4 million for payroll taxes related to stock-based compensation. The tax payments related to our stock issued for restricted stock awards.

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Operating activities provided $5.4 million during the nine months ended September 30, 2014 as we generated $8.2 million of cash from our income statement activities but used $2.8 million of cash with our balance sheet activities. We used $1.0 million for payroll taxes related to stock-based compensation. The tax payments related to our stock issued for restricted stock awards and performance shares. Within the balance sheet, we used $1.9 million to pay annual 2013 accruals, including short-term incentive plan bonuses and sales commissions. We used $1.9 million on higher inventories for Connected Solutions due to purchases to support site solutions business during the fourth quarter of 2014. We used cash of $1.6 million from increases in accounts receivable due to higher revenues in the quarter ended September 30, 2014 compared to the quarter ended December 31, 2013 and also due to the timing of the revenues within the quarter.

Investing Activities:

Our investing activities used $3.9 million of cash during the nine months ended September 30, 2015. We used $20.5 million for the purchase of the Nexgen business in February 2015. We funded the acquisition from the Company’s cash and from investments that matured during January and February 2015. During the nine months ended September 30, 2015, redemptions and maturities of our short-term investments provided $38.4 million in funds and we rotated $20.3 million of cash into new short-term investments. We used $1.6 million for capital expenditures during the nine months ended September 30, 2015.

Our investing activities used $5.3 million of cash during the nine months ended September 30, 2014 as we used $3.4 million in our investment activity and $1.9 million for capital expenditures. Redemptions and maturities of our short-term investments during the nine months ended September 30, 2014 provided $51.2 million in funds. We rotated $54.7 million of cash into new short-term investments during the nine months ended September 30, 2014.

Financing Activities:

We used $11.4 million in cash for financing activities during the nine months ended September 30, 2015. We used $9.7 million to repurchase shares in the stock repurchase program and $2.8 million for cash dividends paid in February 2015, May 2015 and August 2015. We received $1.0 million in proceeds from the purchase of shares through our ESPP and the exercise of stock options.

We used $2.5 million in cash for financing activities during the nine months ended September 30, 2014. We used $1.6 million to repurchase shares in the stock repurchase program and $2.2 million for cash dividends paid in February 2014, May 2014 and August 2014. We received $0.8 million in proceeds from the purchase of shares through our ESPP and the exercise of stock options. We earned $0.5 million tax benefit from stock-based compensation.

Contractual Obligations and Commercial Commitments

As of September 30, 2015, we had operating lease obligations of approximately $4.1 million through 2020, primarily for facility leases. Our lease obligations were $3.8 million at December 31, 2014.

We had purchase obligations of $6.5 million and $9.3 million at September 30, 2015 and December 31, 2014, respectively. These obligations are for the purchase of inventory, as well as for other goods and services in the ordinary course of business, and exclude the balances for purchases currently recognized as liabilities on the balance sheet.

We had a liability of $0.8 million related to income tax uncertainties at September 30, 2015 and December 31, 2014. We do not know the timing of the settlement of this liability.

At September 30, 2015, we had a liability of $1.0 million related to the contingent earnout consideration due to the Nexgen Parties. We expect this liability to be paid in February 2017.

Critical Accounting Policies and Estimates

We use certain critical accounting policies as described in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Policies and Estimates” of our Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2014 (the “2014 Annual Report on Form 10-K”). There have been no material changes in any of our critical accounting policies since December 31, 2014. See Note 2 in the footnotes to the Condensed Consolidated Financial Statements for discussion on recent accounting pronouncements.

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Item 3: Quantitative and Qualitative Disclosures about Market Risk

See our Annual Report on Form 10-K for our fiscal year ended December 31, 2014 (Item 7A). As of November 6, 2015, there have been no material changes in this information.

Item 4: Controls and Procedures

Changes in Internal Controls:

Our management evaluated, with the participation of our Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures as of the end of the period covered by this Quarterly Report on Form 10-Q. In designing and evaluating our disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can only provide reasonable assurance of achieving the desired control objectives. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of the end of the period covered by this report, our disclosure controls and procedures were effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Securities Exchange Act of 1934 is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure, and that such information is recorded, processed, summarized, and reported within time periods specified in the Securities and Exchange Commission rules and forms. There have been no changes in our internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II Other Information

Item 1: Legal Proceedings

TelWorx Acquisition

As described in Note 10 to the consolidated financial statements, following the closing of the TelWorx acquisition, the Company became aware of accounting irregularities with respect to the acquired TelWorx business and the Company self-reported to the SEC. The SEC conducted a formal investigation relating to the accounting irregularities in the TelWorx financial statements. We have cooperated fully with the SEC. On April 1, 2015, the SEC announced a settlement with the principals of TelWorx.

Item 1A: Risk Factors

Factors That May Affect Our Business, Financial Condition and Future Operating Results

See our Annual Report on Form 10-K for our fiscal year ended December 31, 2014 (Item 1A). As of November 6, 2015, there have been no material changes in this information.

Item 2: Unregistered Sales of Equity Securities and Use of Proceeds

None.

Issuer Purchases of Equity Securities

The following table provides the activity of the company’s share repurchase program:

Period	Total Number of Shares Purchased		Average Price per Share		Total Number of Shares Purchased as Part of Publicly Announced Programs		Maximum Number (or Approximate Dollar Value) of Shares That May Yet be Purchased Under the Programs
July 1 - July 31, 2015		201,728	$	6.96		581,813		2,144,187
August 1 - August 31, 2015		471,496	$	6.12		1,053,309		1,672,691
September 1 - September 30, 2015		440,710	$	5.92		1,494,019		1,231,981

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All share repurchase programs are authorized by the Company’s Board of Directors and are announced publicly. On November 13, 2014, the Board of Directors approved a share repurchase program of up to 926,000 of the Company’s outstanding shares that will expire when the total shares are repurchased per the agreement or on November 13, 2016, whichever comes first. On April 20, 2015, the Board of Directors authorized an increase to the share repurchase program to purchase an additional 500,000 shares of stock. Additionally, on August 10, 2015, the Board of Directors authorized another increase to the share repurchase program to purchase an additional 1,300,000 shares, for a total of 2,726,000 shares. The Company repurchased 1,113,934 shares at an average price of $6.18 during the three months ended September 30, 2015. The Company repurchased 1,494,019 shares at an average price of $6.49 during the nine months ended September 30, 2015. At September 30, 2015, the Company had 1,231,981 shares that could still be repurchased under this program.

Item 3: Defaults Upon Senior Securities

None.

Item 4: Mine Safety Disclosures

Not applicable.

Item 5: Other Information

None.

Item 6: Exhibits

Exhibit No.	Description	Reference
2.1	Amendment to Asset Purchase Agreement entered into as of May 5, 2015 by among, PCTEL, Inc., Nexgen Wireless, Inc., and the Nexgen Parties.	Incorporated by reference to the exhibit bearing the same number filed with the Registrant’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015.
31.1	Certification of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	Filed herewith
31.2	Certification of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	Filed herewith
32.1	Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	Furnished herewith

39

Exhibit No.	Description	Reference
101	The following materials from PCTEL, Inc.’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2015 formatted in XBRL (eXtensible Business Reporting Language): (i) the Unaudited Condensed Consolidated Statement of Operations, (ii) the Unaudited Condensed Consolidated Balance Sheet, (iii) the Unaudited Condensed Consolidated Statement of Stockholders’ Equity, (iv) the Unaudited Condensed Consolidated Statement of Cash Flows, and (v) Notes to the Unaudited Condensed Consolidated Financial Statements	Filed herewith

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized:

PCTEL, Inc.

a Delaware corporation

/s/ Martin H. Singer

Martin H. Singer

Chief Executive Officer

Date: November 9, 2015

40

EX-31.1

EXHIBIT 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO EXCHANGE ACT RULES 13A-14(A) and 15(D)-14(A), AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Martin H. Singer, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of PCTEL, Inc.:

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 9, 2015

/s/ Martin H. Singer

Martin H. Singer

Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO ACT RULES 13A-14(A) and 15(D)-14(A), AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, John Schoen, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of PCTEL, Inc.:

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 9, 2015

/s/ John Schoen

John Schoen

Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL

OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Martin H. Singer, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report on Form 10-Q of PCTEL, Inc. for the quarterly period ended September 30, 2015 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents in all material respects the financial condition and results of operations of PCTEL, Inc. A signed original of this written statement required by Section 906 has been provided to PCTEL, Inc. and will be retained by PCTEL, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

	By:	/s/ Martin H. Singer
DATE: November 9, 2015	NAME:	MARTIN H. SINGER
	Title:	Chief Executive Officer

I, John Schoen, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report on Form 10-Q of PCTEL, Inc. for the quarterly period ended September 30, 2015 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents in all material respects the financial condition and results of operations of PCTEL, Inc. A signed original of this written statement required by Section 906 has been provided to PCTEL, Inc. and will be retained by PCTEL, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

	By:	/s/ John Schoen
DATE: November 9, 2015	NAME:	JOHN SCHOEN
	Title:	Chief Financial Officer

XML

Goodwill and Intangible Assets - Additional Information (Detail) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2015 USD ($)	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($) Reporting_Unit	Sep. 30, 2014 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2014 USD ($)
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired				$ 3,332
Goodwill		$ 3,493		3,493			$ 161
Decrease in goodwill		600
Increase (decrease) in cost of intangible assets				9,800
Amortization of intangible assets		1,125	$ 465	2,963	$ 1,503
Restructuring charges		413	$ 0	852	$ 0
RF Solutions [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill		3,493		$ 3,493
Number of reporting units for goodwill testing purposes | Reporting_Unit				2
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets basis over estimated useful lives				1 year
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets basis over estimated useful lives				8 years
Nexgen Wireless, Inc. [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired				$ 3,300
Goodwill		3,332		3,332
Decrease in goodwill		600
Intangible asset		13,200		13,200
Amortization of intangible assets				3,000
Intangible asset amortization expense		700		1,700
Restructuring charges	$ 400
Envision Wireless, Inc. [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired						$ 200
All Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets		400		$ 1,300
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Increase (decrease) in cost of intangible assets		600
Customer Relationships [Member] | Nexgen Wireless, Inc. [Member]
Finite-Lived Intangible Assets [Line Items]
Increase (decrease) in cost of intangible assets		$ 600

XML

Stock-Based Compensation - Restricted Stock - Service-Based - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Service Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants vesting period			4 years
Restricted shares vested grant date intrinsic value	$ 57	$ 25	$ 1,400	$ 3,200
Unrecognized compensation expense	$ 3,600		$ 3,600
Weighted average period			1 year 6 months
Service Based Restricted Stock [Member] | Martin H. Singer, Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded			200,000
Service Based Restricted Stock [Member] | Executive Officers and Other Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded			117,300
Vesting period from grant date			1 year
Nexgen Wireless, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded			100,000

XML

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 27, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Jun. 30, 2015	May. 05, 2015
Business Acquisition [Line Items]
Business acquisition, acquired entity name				Nexgen Wireless, Inc.
Business acquisition, effective date				Feb. 27, 2015
Asset purchase, date of agreement				Feb. 27, 2015
Goodwill		$ 3,493		$ 3,493		$ 161
Decrease in goodwill		600
Increase (decrease) in cost of intangible assets				9,800
Revenue		26,526	$ 27,932	80,477	$ 77,769
Amortization of intangible assets		1,125	465	2,963	1,503
Pro Forma [Member]
Business Acquisition [Line Items]
Amortization of intangible assets			$ 600	400	$ 2,000
Nexgen Wireless, Inc. [Member]
Business Acquisition [Line Items]
Provisional purchase consideration	$ 21,400
Cash paid	18,250
Contingent consideration related to claims escrow	2,250	91		$ 91
Potential earn-out at fair value	100
Business acquisition estimated excess working capital paid	$ 800
Weighted average amortization period of intangible assets	5 years
Percentage of revenue				78.00%
Goodwill		3,332		$ 3,332
Assembled workforce, goodwill earned		1,500		1,500
Decrease in goodwill		600
Revenue						$ 23,800
Amortization of intangible assets				3,000
Nexgen APA Amendment [Member]
Business Acquisition [Line Items]
Contingent consideration related to claims escrow		5,000		5,000				$ 1,000
Portion of accounts receivable transferred								800
Escrowed funds payable								2,250
Adjustment to contingent consideration				900
Nexgen APA Amendment [Member] | Estimated Fair Value [Member]
Business Acquisition [Line Items]
Contingent consideration related to claims escrow		500		$ 500			$ 1,000	$ 2,000
Customer Relationships [Member]
Business Acquisition [Line Items]
Increase (decrease) in cost of intangible assets		600
Customer Relationships [Member] | Nexgen Wireless, Inc. [Member]
Business Acquisition [Line Items]
Increase (decrease) in cost of intangible assets		$ 600

XML

Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
Executive Deferred Compensation Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Value of investment account to fund obligation			$ 2.1
Deferred compensation obligation			$ 2.0
Full settlement of obligation		$ 2.0
Employee Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Maximum percentage of current compensation of employee to contribute in plan	15.00%

XML

Stock-Based Compensation - Summary of Restricted Stock Activity (Detail) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2015 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Shares | shares	343,836
Units awarded, Shares | shares	633,079
Units vested, Shares | shares	(176,849)
Units cancelled, Shares | shares	(19,701)
Ending balance, Shares | shares	780,365
Beginning balance, Weighted Average Grant Date Fair Value	$ 7.41
Units awarded, Weighted Average Grant Date Fair Value	6.81
Units vested, Weighted Average Grant Date Fair Value	7.21
Units cancelled, Weighted Average Grant Date Fair Value	7.77
Ending balance, Weighted Average Grant Date Fair Value	$ 6.96

XML

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (625)	$ 85	$ (451)	$ 340
Statutory rate			34.00%	34.00%
Income tax benefit related to reversal of liability for uncertain income taxe				$ 800
Deferred tax assets, valuation allowances	600		$ 600		$ 600
Domestic deferred tax assets ratable reversal pattern period			15 years
Operating loss carry forward, expiration period			The carry forward rules allow for up to a 20 year carry forward of net operating losses
Net operating loss carry forward period			20 years
Average period required to utilize future income			26 years
Gross unrecognized tax benefit	$ 800		$ 800		$ 800

XML

Balance Sheet Information - Summary of Accrued Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Inventory receipts	$ 1,626	$ 2,471
Paid time off	1,338	1,247
Payroll, bonuses, and other employee benefits	991	1,539
Due to Nexgen Parties - working capital adjustment	840	0
Professional fees and contractors	403	223
Warranties	381	304
Deferred revenues	218	1,262
Real estate taxes	121	181
Income and sales taxes	157	266
Employee stock purchase plan	97	314
Executive deferred compensation	0	2,043
Other	258	361
Total	$ 6,430	$ 10,211

XML

Earnings per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net income (loss)	$ (1,062)	$ 2,218	$ (748)	$ 2,617
Denominator:
Common shares outstanding	17,626	18,112	18,059	18,155
Earnings per common share - basic
Net income (loss)	$ (0.06)	$ 0.12	$ (0.04)	$ 0.14
Denominator:
Common shares outstanding	17,626	18,112	18,059	18,155
Common stock option grants		9		12
Total shares	17,626	18,271	18,059	18,346
Earnings per common share - diluted
Net income (loss)	$ (0.06)	$ 0.12	$ (0.04)	$ 0.14
Restricted Stock [Member]
Denominator:
Shares subject to vesting		88		110
Performance Based Equity Awards [Member]
Denominator:
Shares subject to vesting		62		69

XML

Segment, Customer and Geographic Information - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2015 Customer	Sep. 30, 2014 Customer	Sep. 30, 2015 Customer Segment	Sep. 30, 2014 Customer
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of reporting segments | Segment			2
Number of customers accounted for more than ten percentage of revenue	0	0	0	0
Sales [Member] | Customer Concentration Risk [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Entity wide revenue major customer, benchmark percentage	10.00%	10.00%	10.00%	10.00%

XML

Commitments and Contingencies - Additional Information (Detail) $ in Thousands			1 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 10, 2014 USD ($)	Sep. 30, 2014 USD ($)	Oct. 31, 2015 USD ($) ft²	May. 31, 2015 USD ($) ft²	Sep. 30, 2015 USD ($) ft² Employees	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($) ft² Employees	Sep. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Commitments And Contingencies Disclosure [Line Items]
Rent expense under leases					$ 300	$ 200	$ 800	$ 700
Lease expiration date							Oct. 31, 2015
Allowance for sales returns							$ 200		$ 100
Warranty reserve					381		381		304
Restructuring charges					$ 413	0	$ 852	0
Number of employees terminated | Employees					18		20
Severance and Employee Related Costs [Member]
Commitments And Contingencies Disclosure [Line Items]
Restructuring charges					$ 400		$ 400
Disposal of Fixed Assets [Member]
Commitments And Contingencies Disclosure [Line Items]
Restructuring charges							23
Mobile Towers [Member]
Commitments And Contingencies Disclosure [Line Items]
Intangible assets written off related to mobile towers							400
Mobile Towers [Member] | Disposal of Fixed Assets [Member]
Commitments And Contingencies Disclosure [Line Items]
Restructuring charges					$ 23		$ 23
Other Party [Member]
Commitments And Contingencies Disclosure [Line Items]
Acquisition related legal settlements	$ 800
Acquisition Related Costs [Member]
Commitments And Contingencies Disclosure [Line Items]
Acquisition related legal settlements		$ 100
Schaumburg, Illinois [Member]
Commitments And Contingencies Disclosure [Line Items]
Area of office space | ft²					6,652		6,652
Lease expiration date							Oct. 31, 2018
Lease obligations				$ 39	$ 400		$ 400
Englewood, Colorado [Member]
Commitments And Contingencies Disclosure [Line Items]
Area of office space | ft²				4,579
Lease expiration date				Feb. 28, 2021
Lease obligations				$ 600
Lease term				5 years
Tianjin, China [Member] | Subsequent Event [Member]
Commitments And Contingencies Disclosure [Line Items]
Area of office space | ft²			22,163
Lease expiration date			Oct. 31, 2020
Lease obligations			$ 200
Lease term			5 years
Warranty Reserves [Member]
Commitments And Contingencies Disclosure [Line Items]
Warranty reserve		$ 307			$ 381	$ 307	$ 381	$ 307	$ 304	$ 305
Antenna [Member]
Commitments And Contingencies Disclosure [Line Items]
Repair and replacement warranty							5 years

XML

Stock-Based Compensation - Restricted Stock Units - Service-Based - Additional Information (Detail) - Service Based Restricted Stock Units [Member] - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares vested intrinsic value	$ 0	$ 0	$ 20,000	$ 27,000
Unrecognized compensation expense	$ 22,000		$ 22,000
Weighted average period			1 year 6 months

XML

Commitments and Contingencies - Changes in Warranty Reserves (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Changes in warranty reserves
Beginning balance	$ 304
Ending balance	381
Warranty Reserves [Member]
Changes in warranty reserves
Beginning balance	304	$ 305
Provisions for warranties	93	62
Consumption of reserves	(16)	(60)
Ending balance	$ 381	$ 307

XML

Segment, Customer and Geographic Information - Assets by Segment (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Results of operations by segments
Accounts receivable	$ 20,643	$ 23,874
Inventories	17,187	16,358
Property and equipment, net	14,042	14,842
Goodwill	3,493	161
Intangible assets, net	12,434	2,637
Deferred tax assets, net	10,348	9,710
Other noncurrent assets	36	40
RF Solutions [Member]
Results of operations by segments
Goodwill	3,493
Operating Segments [Member] | Connected Solutions [Member]
Results of operations by segments
Accounts receivable	12,341	15,947
Inventories	14,761	14,172
Property and equipment, net	10,400	11,124
Goodwill	0	0
Intangible assets, net	620	1,681
Deferred tax assets, net	0	0
Other noncurrent assets	0	0
Operating Segments [Member] | RF Solutions [Member]
Results of operations by segments
Accounts receivable	8,302	7,927
Inventories	2,426	2,186
Property and equipment, net	3,027	2,987
Goodwill	3,493	161
Intangible assets, net	11,814	956
Deferred tax assets, net	0	0
Other noncurrent assets	0	0
Corporate, Non-Segment [Member]
Results of operations by segments
Accounts receivable	0	0
Inventories	0	0
Property and equipment, net	615	731
Goodwill	0	0
Intangible assets, net	0	0
Deferred tax assets, net	10,348	9,710
Other noncurrent assets	$ 36	$ 40

XML

Commitments and Contingencies - Summary of Restructuring Activity (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Restructuring Cost and Reserve [Line Items]
Accrual, Beginning Balance			$ 0
Restructuring Expense	$ 413	$ 0	852	$ 0
Payments/Charges			(823)
Accrual, Ending Balance	29		29
Employee Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrual, Beginning Balance			0
Restructuring Expense			423
Payments/Charges			(394)
Accrual, Ending Balance	29		29
Disposal of Fixed Assets [Member]
Restructuring Cost and Reserve [Line Items]
Accrual, Beginning Balance			0
Restructuring Expense			23
Payments/Charges			(23)
Accrual, Ending Balance	0		0
Intangible Assets Adjustment [Member]
Restructuring Cost and Reserve [Line Items]
Accrual, Beginning Balance			0
Restructuring Expense			406
Payments/Charges			(406)
Accrual, Ending Balance	$ 0		$ 0

XML

Benefit Plans - Summary of Contributions to Retirement Plans (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]
PCTEL, Inc. 401(k) Profit sharing Plan - US employees	$ 195	$ 154	$ 575	$ 503
Defined contribution plans - foreign employees	87	84	248	245
Total	$ 282	$ 238	$ 823	$ 748

XML

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The activity related to goodwill for the nine months ended September 30, 2015 was as follows:

Balance at December 31, 2014	$	161
Goodwill related to acquisition of Nexgen business		3,332
Balance at September 30, 2015	$	3,493

Summary of Other Intangible Assets

The summary of other intangible assets, net as of September 30, 2015 and December 31, 2014 are as follows:

	September 30, 2015						December 31, 2014
	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Amortization		Net Book Value
Customer contracts and relationships	$	25,497	$	17,880	$	7,617	$	17,381	$	15,933	$	1,448
Patents and technology		10,114		7,171		2,943		6,781		6,507		274
Trademarks and trade names		4,960		3,631		1,329		3,988		3,152		836
Other		2,743		2,198		545		1,998		1,919		79
	$	43,314	$	30,880	$	12,434	$	30,148	$	27,511	$	2,637

Summary of Assigned Lives and Weighted Average Amortization Periods by Intangible Asset Category

The assigned lives and weighted average amortization periods by intangible asset category is summarized below:

Intangible Assets	Assigned Life		Weighted Average Amortization Period
Customer contracts and relationships		4 to 6 years		5.0
Patents and technology		3 to 6 years		4.5
Trademarks and trade names		3 to 8 years		4.7
Other		1 to 6 years		4.4

Schedule of Expected Amortization Expense

The Company’s scheduled amortization expense for 2015 and the next five years is as follows:

Fiscal Year	Amount
2015	$	4,020
2016	$	2,962
2017	$	2,785
2018	$	2,708
2019	$	2,508
2020	$	414

XML

Acquisitions - Reconciliation of Assets Acquired with Cash Paid at Closing (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Feb. 27, 2015
Business Acquisition [Line Items]
Net assets acquired	$ 21,431
Cash paid at closing	20,500
Nexgen Wireless, Inc. [Member]
Business Acquisition [Line Items]
Net assets acquired	21,431
Due Nexgen - contingent liability	(91)	$ (2,250)
Due Nexgen - working capital adjustment	$ (840)

XML

Goodwill and Intangible Assets - Schedule of Expected Amortization Expense (Detail) $ in Thousands	Sep. 30, 2015 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2015	$ 4,020
2016	2,962
2017	2,785
2018	2,708
2019	2,508
2020	$ 414

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Commitments and Contingencies - Present Value of Net Minimum Lease Payments, Capital Leases (Detail) $ in Thousands	Sep. 30, 2015 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2015	$ 13
2016	50
2017	50
2018	40
2019	29
2020	4
Total minimum payments required:	186
Less amount representing interest:	13
Present value of net minimum lease payments:	$ 173

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Cash, Cash Equivalents and Investments - Cash Equivalents and Investments Measured at Fair Value (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	$ 4,262	$ 701
Total	25,696	40,273
U.S. Government Agency Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	7,671	13,502
Certificates of Deposit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	2,138	11,782
Pre-refunded Municipal Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	7,375	5,162
Corporate Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	4,250	7,155
Mutual Funds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	1,971
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	4,262	701
Total	6,400	14,454
Level 1 [Member] | U.S. Government Agency Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	0
Level 1 [Member] | Certificates of Deposit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	2,138	11,782
Level 1 [Member] | Pre-refunded Municipal Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	0
Level 1 [Member] | Corporate Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	0
Level 1 [Member] | Mutual Funds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	1,971
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	0	0
Total	19,296	25,819
Level 2 [Member] | U.S. Government Agency Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	7,671	13,502
Level 2 [Member] | Certificates of Deposit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	0
Level 2 [Member] | Pre-refunded Municipal Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	7,375	5,162
Level 2 [Member] | Corporate Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	4,250	7,155
Level 2 [Member] | Mutual Funds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	0
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	0	0
Total	0	0
Level 3 [Member] | U.S. Government Agency Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	0
Level 3 [Member] | Certificates of Deposit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	0
Level 3 [Member] | Pre-refunded Municipal Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	0
Level 3 [Member] | Corporate Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	0
Level 3 [Member] | Mutual Funds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 0	$ 0

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Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$ 700	$ 700	$ 1,400	$ 2,600
Expense reversal of performance units			500
Restricted Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	500	500	1,400	1,600
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	57	200	400	800
Employee Stock Purchase Plan ("ESPP") [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	55	$ 54	$ 200	$ 137
Performance Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$ 33

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Stock-Based Compensation - Employee Withholding Taxes on Stock Awards - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Employee Withholding Taxes on Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment of withholding taxes related to stock awards	$ 0.4	$ 1.0

XML

Stock-Based Compensation - Weighted Average Contractual Life and Intrinsic Value of Options Outstanding (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options Outstanding Weighted Average Contractual Life (years)	3 years 8 months 19 days
Options Exercisable Weighted Average Contractual Life (years)	2 years 11 months 5 days
Options Outstanding Intrinsic Value	$ 1
Options Exercisable Intrinsic Value	$ 1

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Balance Sheet Information - Summary of Long-term Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Liabilities, Noncurrent [Abstract]
Due to Nexgen Parties - contingent consideration	$ 500	$ 0
Deferred rent	263	258
Long-term obligations under capital leases	128	135
Deferred revenues	39	55
Long-term liabilities	$ 930	$ 448

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Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

2. Fair Value of Financial Instruments

The Company follows accounting guidance for fair value measurements and disclosures. To measure fair value, the Company refers to a hierarchy that requires it to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instruments categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. The three levels of input that may be used to measure fair value are as follows:

Level 1: inputs are unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of assets or liabilities.

Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

See Note 4 for the hierarchy leveling table for cash and cash equivalents.

Cash equivalents are measured at fair value and investments are recognized at amortized cost in the Company’s financial statements. Accounts receivable and other investments are financial assets with carrying values that approximate fair value due to the short-term nature of these assets. Accounts payable is a financial liability with a carrying value that approximates fair value due to the short-term nature of these liabilities.

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Stock-Based Compensation - Fair Value of Date of Grant Using Black-Scholes Option-Pricing Model (Detail) - Stock Options [Member]	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share Based Payment Award Stock Options Valuation Assumptions [Line Items]
Dividend yield	3.40%	2.20%
Risk-free interest rate	0.60%	0.50%
Expected volatility	34.00%	34.00%
Expected life (in years)	5 years 2 months 12 days	5 years 2 months 12 days

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Balance Sheet Information - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Allowance for doubtful accounts	$ 119		$ 119		$ 121
Consigned inventory with customers	700		700		800
Allowance for inventory losses	1,900		1,900		$ 1,800
Depreciation and amortization	$ 800	$ 700	$ 2,300	$ 2,100
Equipment [Member]
Property, Plant and Equipment [Line Items]
Period over which assets are depreciated			5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Period over which assets are depreciated			7 years
Building [Member]
Property, Plant and Equipment [Line Items]
Period over which assets are depreciated			30 years
Minimum [Member]
Property, Plant and Equipment [Line Items]
Standard term of accounts receivable			30 days
Minimum [Member] | Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Period over which assets are depreciated			3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Standard term of accounts receivable			90 days
Useful lives of the assets			1 year
Maximum [Member] | Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Period over which assets are depreciated			5 years

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Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Summary of Contributions to Retirement Plans

The Company’s contributions to retirement plans were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
PCTEL, Inc. 401(k) Profit sharing Plan - US employees	$	195	$	154	$	575	$	503
Defined contribution plans - foreign employees		87		84		248		245
Total	$	282	$	238	$	823	$	748

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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

Stock-Based Compensation

Total stock-based compensation is reflected in the condensed consolidated statements of operations as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Cost of revenues	$	115	$	112	$	244	$	315
Research and development		99		149		244		509
Sales and marketing		230		155		370		491
General and administrative		206		315		534		1,263
Total	$	650	$	731	$	1,392	$	2,578

Summary of Stock Option Activity

A summary of the Company’s stock option activity for the nine months ended September 30, 2015 is as follows:

	Options			Weighted Average Exercise Price
Outstanding at December 31, 2014		1,357,928		$	7.81
Granted		150,500			8.00
Exercised		(35,134	)		7.25
Expired or Cancelled		(110,683	)		9.00
Forfeited		(72,820	)		7.76
Outstanding at September 30, 2015		1,289,791		$	7.74
Exercisable at September 30, 2015		796,046		$	7.96

Information about Stock Options Outstanding Under all Stock Plans

The following table summarizes information about stock options outstanding under all stock option plans:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number Outstanding		Weighted Average Contractual Life (Years)		Weighted- Average Exercise Price		Number Exercisable		Weighted Average Exercise Price
$5.50  -    $6.00		4,879		4.97	$	5.75		3,124	$	5.63
6.01  -      6.50		16,267		3.54		6.23		12,722		6.23
6.51  -      7.00		38,491		2.59		6.85		35,688		6.86
7.01  -      7.50		793,096		4.43		7.18		427,814		7.17
7.51  -      8.00		27,750		5.04		7.79		11,791		7.82
8.01  -      8.50		127,195		5.21		8.17		27,935		8.45
8.51  -      9.00		32,478		1.15		8.76		28,986		8.76
9.01  -      9.50		188,085		0.98		9.19		187,511		9.19
9.51  -    10.00		20,650		2.37		9.64		19,575		9.64
10.01  -    11.00		40,900		0.72		10.64		40,900		10.64
$5.50  -  $11.00		1,289,791		3.72	$	7.74		796,046	$	7.96

Weighted Average Contractual Life and Intrinsic Value of the Options Outstanding

The weighted average contractual life and intrinsic value at September 30, 2015, was the following:

	Weighted Average Contractual Life (years)		Intrinsic Value
Options Outstanding		3.72	$	1
Options Exercisable		2.93	$	1

Fair Value of Date of Grant Using Black-Scholes Option-Pricing Model

The Company calculated the fair value of each option grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions at September 30^th:

	September 30,
	2015			2014
Dividend yield		3.4	%		2.2	%
Risk-free interest rate		0.6	%		0.5	%
Expected volatility		34	%		34	%
Expected life (in years)		5.2			5.2

Summary of Performance Share Activity

The following summarizes the performance unit activity during the nine months ended September 30, 2015:

	Units			Weighted Average Grant Date Fair Value
Unvested Performance Units - December 31, 2014		380,000		$	8.47
Units awarded		424,000			7.49
Units vested		(6,202	)		8.47
Units cancelled		(33,798	)		8.04
Unvested Performance Units - September 30, 2015		764,000		$	7.95

Calculation of Fair Value of Each Employee Stock Purchase Grant Using Black-Scholes Option-Pricing Model

The Company calculated the fair value of each employee stock purchase grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions:

	September 30,
	2015			2014
Dividend yield		3.4	%		2.2	%
Risk-free interest rate		0.6	%		0.3	%
Expected volatility		34	%		38	%
Expected life (in years)		0.5			0.5

Restricted Stock [Member]

Summary of Restricted Stock Activity

The following table summarizes restricted stock activity for the nine months ended September 30, 2015:

	Shares			Weighted Average Grant Date Fair Value
Unvested Restricted Stock Awards - December 31, 2014		343,836		$	7.41
Shares awarded		633,079			6.81
Shares vested		(176,849	)		7.21
Shares cancelled		(19,701	)		7.77
Unvested Restricted Stock Awards - September 30, 2015		780,365		$	6.96

Restricted Stock Units [Member]

Summary of Restricted Stock Activity

The following table summarizes the restricted stock unit activity during the nine months ended September 30, 2015:

	Units			Weighted Average Grant Date Fair Value
Unvested Restricted Stock Units - December 31, 2014		4,600		$	7.47
Units awarded		4,350			7.49
Units vested		(2,475	)		7.00
Units cancelled		(1,750	)		7.91
Unvested Restricted Stock Units - September 30, 2015		4,725		$	7.47

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Stock-Based Compensation - Summary of Restricted Stock Unit Activity (Detail) - Restricted Stock Units [Member]	9 Months Ended
	Sep. 30, 2015 $ / shares shares
Schedule Of Summary Of Restricted Stock Unit Activity [Line Items]
Beginning balance, Shares | shares	4,600
Units awarded, Units | shares	4,350
Units vested, Units | shares	(2,475)
Units cancelled, Units | shares	(1,750)
Ending balance, Shares | shares	4,725
Beginning balance, Weighted Average Grant Date Fair Value	$ 7.47
Units awarded, Weighted Average Grant Date Fair Value	7.49
Units vested, Weighted Average Grant Date Fair Value	7.00
Units cancelled, Weighted Average Grant Date Fair Value	7.91
Ending balance, Weighted Average Grant Date Fair Value	$ 7.47

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Balance Sheet Information - Summary of Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventory, Net [Abstract]
Raw materials	$ 10,713	$ 10,160
Work in process	1,108	915
Finished goods	5,366	5,283
Inventories, net	$ 17,187	$ 16,358

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Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Future Minimum Rental Payments Under Operating Leases

The future minimum rental payments under these leases at September 30, 2015, are as follows:

Year	Amount
2015	$	299
2016		1,067
2017		933
2018		889
2019		673
Thereafter		231
Future minimum lease payments	$	4,092

Summary of Capital Leases for Office and Manufacturing Equipment

The Company has capital leases for office and manufacturing equipment. The net book values for asset under capital leases were as follows:

	September 30, 2015			December 31, 2014
Cost	$	219		$	189
Accumulated Depreciation		(46	)		(16	)
Net Book Value	$	173		$	173

Present Value of Net Minimum Lease Payments, Capital Leases

The following table presents future minimum lease payments under capital leases at September 30, 2015, together with the present value of the net minimum lease payments due in each year:

Year	Amount
2015	$	13
2016		50
2017		50
2018		40
2019		29
2020		4
Total minimum payments required:		186
Less amount representing interest:		13
Present value of net minimum lease payments:	$	173

Changes in Warranty Reserves

Changes in the warranty reserves during the nine months ended September 30, 2015 and 2014, were as follows:

	Nine Months Ended September 30,
	2015			2014
Beginning balance	$	304		$	305
Provisions for warranties		93			62
Consumption of reserves		(16	)		(60	)
Ending balance	$	381		$	307

Summary of Restructuring Activity

The following table summarizes the restructuring activity during the nine months ended September 30, 2015 and the status of the reserves at September 30. 2015:

	Accrual							Accrual
	Balance at							Balance at
	December 31,		Restructuring		Payments/			September 30,
	2014		Expense		Charges			2015
2015 Restructuring:
Employee related costs	$	0	$	423	($	394	)	$	29
Fixed assets		0		23		(23	)		0
Intangible assets adjustment		0		406		(406	)		0
Totals	$	0	$	852	($	823	)	$	29

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Segment, Customer and Geographic Information (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Assets by Segment

The following tables are the segment operating profits and cash flow information for the three and nine months ended September 30, 2015 and 2014, respectively, and the segment balance sheet information as of September 30, 2015 and December 31, 2014:

	As of September 30, 2015
	Connected Solutions		RF Solutions		Corporate		Total
Accounts receivable	$	12,341	$	8,302	$	0	$	20,643
Inventories	$	14,761	$	2,426	$	0	$	17,187
Long-lived assets:
Property and equipment, net	$	10,400	$	3,027	$	615	$	14,042
Goodwill	$	0	$	3,493	$	0	$	3,493
Intangible assets, net	$	620	$	11,814	$	0	$	12,434
Deferred tax assets, net	$	0	$	0	$	10,348	$	10,348
Other noncurrent assets	$	0	$	0	$	36	$	36

	As of December 31, 2014
	Connected Solutions		RF Solutions		Corporate		Total
Accounts receivable	$	15,947	$	7,927	$	0	$	23,874
Inventories	$	14,172	$	2,186	$	0	$	16,358
Long-lived assets:
Property and equipment, net	$	11,124	$	2,987	$	731	$	14,842
Goodwill	$	0	$	161	$	0	$	161
Intangible assets, net	$	1,681	$	956	$	0	$	2,637
Deferred tax assets, net	$	0	$	0	$	9,710	$	9,710
Other noncurrent assets	$	0	$	0	$	40	$	40

Result of Operations by Segments

The following tables are the segment operating profits and cash flow information for the three and nine months ended September 30, 2015 and 2014, respectively, and the segment balance sheet information as of September 30, 2015 and December 31, 2014:

	Three Months Ended September 30, 2015
	Connected Solutions		RF Solutions			Corporate			Total
REVENUES	$	17,450	$	9,115		($	39	)	$	26,526
GROSS PROFIT		4,729		3,894			7			8,630
OPERATING INCOME (LOSS)	$	1,160	($	1,058	)	($	2,323	)	($	2,221	)
Depreciation	$	428	$	289		$	64		$	781
Intangible amortization	$	195	$	930		$	0		$	1,125
Capital expenditures	$	135	$	151		$	0		$	286
	Nine Months Ended September 30, 2015
	Connected Solutions		RF Solutions			Corporate			Total
REVENUES	$	52,903	$	27,749		($	175	)	$	80,477
GROSS PROFIT		15,588		12,802			20			28,410
OPERATING INCOME (LOSS)	$	4,255	($	181	)	($	8,056	)	($	3,982	)
Depreciation	$	1,281	$	809		$	208		$	2,298
Intangible amortization	$	655	$	2,308		$	0		$	2,963
Capital expenditures	$	653	$	836		$	94		$	1,583

	Three Months Ended September 30, 2014
	Connected Solutions		RF Solutions		Corporate			Total
REVENUES	$	18,697	$	9,283	($	48	)	$	27,932
GROSS PROFIT		5,803		5,584		7			11,394
OPERATING INCOME (LOSS)	$	2,262	$	2,492	($	2,658	)	$	2,096
Depreciation	$	426	$	211	$	86		$	723
Intangible amortization	$	261	$	204	$	0		$	465
Capital expenditures	$	241	$	345	$	10		$	596
	Nine Months Ended September 30, 2014
	Connected Solutions		RF Solutions		Corporate			Total
REVENUES	$	52,409	$	25,578	($	218	)	$	77,769
GROSS PROFIT		16,635		15,171		20			31,826
OPERATING INCOME (LOSS)	$	5,278	$	5,150	($	8,209	)	$	2,219
Depreciation	$	1,267	$	562	$	257		$	2,086
Intangible amortization	$	891	$	612	$	0		$	1,503
Capital expenditures	$	811	$	1,036	$	37		$	1,884

Customer Accounted Revenues

The Company’s revenues to customers outside of the United States, as a percent of total revenues for the three and nine months ended September 30, 2015 and 2014, respectively were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
Region	2015			2014			2015			2014
Asia Pacific		9	%		11	%		9	%		11	%
Europe, Middle East, & Africa		7	%		7	%		9	%		9	%
Other Americas		7	%		7	%		6	%		6	%
Total Foreign sales		23	%		25	%		24	%		26	%

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Basis of Presentation

9 Months Ended

Sep. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information, refer to the audited consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Nature of Operations

PCTEL, Inc. (“PCTEL”, the “Company”, “we”, “ours”, and “us”) delivers Performance Critical Telecom solutions. RF Solutions develops and provides test equipment, software and engineering services for wireless networks. The industry relies upon PCTEL to benchmark network performance, analyze trends, and optimize wireless networks. Connected Solutions designs and delivers performance critical antennas and site solutions for wireless networks globally. Our antennas support evolving wireless standards for cellular, private, and broadband networks. PCTEL antennas and site solutions support networks worldwide, including Supervisory Control and Data Acquisition (“SCADA”) for oil, gas and utilities, fleet management, industrial operations, healthcare, small cell and network timing deployment, defense, public safety, education, and broadband access.

Segment Reporting

PCTEL operates in two segments for reporting purposes, Connected Solutions and RF Solutions. The Company’s chief operating decision maker uses the profit and loss results through operating profit and identified assets for the Connected Solutions and RF Solutions segments to make operating decisions. Each segment has its own segment manager as well as its own engineering, sales and marketing, and operational general and administrative functions. All of the Company’s accounting and finance, human resources, IT and legal functions are provided on a centralized basis through the corporate function. The Company manages its balance sheet and cash flows centrally at the corporate level, with the exception of trade accounts receivable and inventory which is managed at the segment level. Each of the segment managers reports to and maintains regular contact with the chief operating decision maker to discuss operating activities, financial results, forecasts, or plans for the segment.

Connected Solutions Segment

Connected Solutions designs and delivers performance critical antennas and site solutions for wireless networks globally. The Company’s antennas and site solutions support networks worldwide, including SCADA for oil, gas and utilities, fleet management, industrial operations, health care, small cell and network timing deployment, defense, public safety, education, and broadband access. PCTEL’s performance critical MAXRAD^® and Bluewave™ antenna solutions include high rejection and high performance GPS and GNSS products, the industry leading Yagi portfolio, mobile and indoor LTE, broadband, and LMR antennas and PIM-rated antennas for transit, in-building, and small cell applications. We leverage our design, logistics, and support capabilities to deliver performance critical site solutions into carrier, railroad, and utility applications. Revenue growth for antenna and site solutions is primarily driven by the increased use of wireless communications in these vertical markets. PCTEL’s antenna and site solution products are primarily sold through distributors, value-added resellers, and original equipment manufacturer (“OEM”) providers.

There are many competitors for antenna products, as the market is highly fragmented. Competitors include Laird (Cushcraft, Centurion, and Antennex products), Mobile Mark, Radiall/Larsen, Comtelco, Wilson, Commscope (Andrew products), and Kathrein, among others. The Company seeks out product applications that command a premium for product performance and customer service, and avoids commodity markets.

PCTEL maintains expertise in several technology areas in order to be competitive in the antenna engineered site solutions market. These include radio frequency engineering, mobile antenna design and manufacturing, mechanical engineering, product quality and testing, and wireless network engineering.

RF Solutions Segment

RF Solutions develops and provides performance critical test equipment, software, and engineering services for wireless networks. The industry relies upon PCTEL to benchmark network performance, analyze trends, and optimize wireless networks. SeeGull^® scanning receivers are used around the world for indoor and drive test applications, including baseline testing, acceptance testing, competitive benchmarking, spectrum clearing, troubleshooting, and network optimization. SeeGull scanning receivers provide high quality real-world RF measurements needed to build, tune, troubleshoot, and expand commercial wireless networks. The Company’s highly-trained engineering services team uses state-of-the-art test, measurement, and design tools to provide engineering services for in-building and outdoor networks. Our engineering services team (“NES”) provides wireless network testing, optimization, design, integration, and consulting services, with an emphasis on in-building distributed antenna systems (“DAS”). Revenue growth for the segment’s products and services is driven by the deployment of products based on new wireless technology and the need for wireless networks to be tuned and reconfigured on a regular basis. Scanning receiver products are sold primarily through test and measurement value-added resellers and to a lesser extent directly to network operators. Competitors for these products include OEMs such as JDS Uniphase, Rohde and Schwarz, Anritsu, Digital Receiver Technology, and Berkley Varitronics.

On February 27, 2015, PCTEL, Inc. acquired substantially all of the assets of, and assumed certain specified liabilities of, Nexgen Wireless, Inc. (“Nexgen”), pursuant to an Asset Purchase Agreement dated as of February 27, 2015 (the “Nexgen APA”). The business acquired from Nexgen is based in Schaumburg, Illinois. Nexgen provided Meridian™, a network analysis tool portfolio now known as SeeHawk^® Analytics, and engineering services. Nexgen’s Meridian software product portfolio translates real-time network performance data into engineering actions to optimize operator performance. Meridian, with its Network IQ™, Subscriber IQ™, and Map IQ™ modules, supports crowd-based, cloud-based data analysis to enhance network performance. Nexgen provides performance engineering, specialized staffing, and trend analysis for carriers, infrastructure vendors, and neutral hosts for 2G, 3G, 4G, and LTE networks.

PCTEL maintains expertise in several technology areas in order to be competitive in the scanning receiver and related engineering services market. These include radio frequency engineering, DSP engineering, manufacturing, mechanical engineering, product quality and testing, and wireless network engineering.

Basis of Consolidation

The condensed consolidated balance sheet as of September 30, 2015 and the condensed consolidated statements of operations, statements of comprehensive income, and cash flows for the three and nine months ended September 30, 2015 and 2014, respectively, are unaudited and reflect all adjustments of a normal recurring nature that are, in the opinion of management, necessary for a fair presentation of the interim period financial statements. The interim condensed consolidated financial statements are derived from the audited financial statements as of December 31, 2014.

The unaudited interim condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted. The significant accounting policies followed by the Company are set forth within the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 (the “2014 Form 10-K”). There were no changes in the Company’s significant accounting policies during the three and nine months ended September 30, 2015. In addition, the Company reaffirms the use of estimates in the preparation of the financial statements as set forth in the 2014 Form 10-K. These interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the 2014 Form 10-K. The results for the operations for the period ended September 30, 2015 may not be indicative of the results for the period ending December 31, 2015.

Foreign Currency Translation

The Company is exposed to foreign currency fluctuations due to its foreign operations and because products are sold internationally. The functional currency for the Company’s foreign operations is predominantly the applicable local currency. Accounts of foreign operations are translated into U.S. dollars using the exchange rate in effect at the applicable balance sheet date for assets and liabilities and average monthly rates prevailing during the period for revenue and expense accounts. Adjustments resulting from translation are included in accumulated other comprehensive income, a separate component of shareholders’ equity. Gains and losses resulting from other transactions originally in foreign currencies and then translated into U.S. dollars are included in the condensed consolidated statement of operations. Net foreign exchange gains resulting from foreign currency transactions included in other income, net were $5 and $10 for the three months ended September 30, 2015 and 2014, respectively. Net foreign exchange losses resulting from foreign currency transactions included in other income, net were and ($23) and ($37) for the nine months ended September 30, 2015 and 2014, respectively.

Recent Accounting Guidance

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, “Simplifying the Measurement of Inventory (Topic 330).” The new guidance requires most inventory to be measured at the lower of cost and net realizable value, thereby simplifying the previous guidance under which an entity must measure inventory at the lower of cost or market. Market is defined as replacement cost, net realizable value (“NRV”), or NRV less a normal profit margin. The ASU will not apply to inventory that is measured using either the last-in, first-out method or the retail inventory method. The standard will be effective prospectively for the first interim period within annual reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently assessing the provisions of the guidance and has not determined the impact of the adoption of this guidance on its consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, which requires management to assess whether there is substantial doubt about an entity’s ability to continue as a going concern for each annual and interim period. If conditions or events give rise to substantial doubt, disclosures are required. The new accounting standard is effective as of December 31, 2016, and the Company does not expect it to have an impact on its financial statement disclosures.

In June 2014, the FASB issued ASU No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. ASU 2014-12 was issued to clarify that a performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation—Stock Compensation. As a result, the target is not reflected in the estimation of the award’s grant date fair value. Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved. The new accounting standard is effective for the Company in 2016. Because participants in the Company’s performance-based long-term incentive plan must be service providers of the Company on the determination date in order to be eligible to receive the shares, the adoption of ASU No. 2014-12 will not have a material impact on the Company’s consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09 which introduces a new five-step revenue recognition model in which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. The FASB has voted to approve a one-year deferral of the effective date from January 1, 2017 to January 1, 2018, while allowing for early adoption as of January 1, 2017. The new accounting standard is expected to have an impact to the Company’s consolidated financial statements. The Company is currently reviewing its arrangements to evaluate the impact and method of adoption.

In April 2014, the FASB issued ASU 2014-08, which includes amendments that change the requirements for reporting discontinued operations and require additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations - that is, a major effect on the organization’s operations and financial results should be presented as discontinued operations. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment. Additionally, the ASU requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. This update took effect in the first quarter of 2015. The new guidance did not have a material impact on the Company’s consolidated financial statements.

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Basis of Presentation - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($) Segment	Sep. 30, 2014 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments			2
Net foreign exchange gains (losses) resulting from foreign currency transactions included in other income | $	$ 5	$ 10	$ (23)	$ (37)

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Related Parties - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Lease termination date	Oct. 31, 2015

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Goodwill and Intangible Assets - Summary of Other Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Cost	$ 43,314	$ 30,148
Accumulated Amortization	30,880	27,511
Net Book Value	12,434	2,637
Customer Contracts and Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	25,497	17,381
Accumulated Amortization	17,880	15,933
Net Book Value	7,617	1,448
Patents and Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	10,114	6,781
Accumulated Amortization	7,171	6,507
Net Book Value	2,943	274
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	4,960	3,988
Accumulated Amortization	3,631	3,152
Net Book Value	1,329	836
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	2,743	1,998
Accumulated Amortization	2,198	1,919
Net Book Value	$ 545	$ 79

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Stock-Based Compensation - Stock-Based Compensation (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 650	$ 731	$ 1,392	$ 2,578
Cost of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	115	112	244	315
Research and Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	99	149	244	509
Sales and Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	230	155	370	491
General and Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 206	$ 315	$ 534	$ 1,263

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Commitments and Contingencies - Future Minimum Rental Payments Under Operating Leases (Detail) $ in Thousands	Sep. 30, 2015 USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2015	$ 299
2016	1,067
2017	933
2018	889
2019	673
Thereafter	231
Future minimum lease payments	$ 4,092

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Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 12,887	$ 20,432
Short-term investment securities	21,428	39,577
Accounts receivable, net of allowance for doubtful accounts of $119 and $121 at September 30, 2015 and December 31, 2014, respectively	20,643	23,874
Inventories, net	17,187	16,358
Deferred tax assets, net	2,279	2,281
Prepaid expenses and other assets	2,440	1,757
Total current assets	76,864	104,279
Property and equipment, net	14,042	14,842
Goodwill	3,493	161
Intangible assets, net	12,434	2,637
Deferred tax assets, net	10,348	9,710
Other noncurrent assets	36	40
TOTAL ASSETS	117,217	131,669
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	5,631	5,495
Accrued liabilities	6,430	10,211
Total current liabilities	12,061	15,706
Other long-term liabilities	930	448
Total liabilities	12,991	16,154
Stockholders' equity:
Common stock, $0.001 par value, 100,000,000 shares authorized, 17,815,573 and 18,571,419 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	18	19
Additional paid-in capital	137,768	145,462
Accumulated deficit	(33,619)	(30,101)
Accumulated other comprehensive income	59	135
Total stockholders' equity	104,226	115,515
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 117,217	$ 131,669

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Balance Sheet Information - Summary of Property and Equipment (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 31,959	$ 30,784
Less: Accumulated depreciation and amortization	(19,687)	(17,712)
Land	1,770	1,770
Property and equipment, net	14,042	14,842
Building [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	6,231	6,229
Computers and Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	10,816	10,435
Manufacturing and Test Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	12,720	11,880
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	1,275	1,214
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	875	909
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 42	$ 117

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Condensed Consolidated Statements of Stockholders' Equity (unaudited) - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid - In Capital [Member]	Retained Deficit [Member]	Accumulated Other Comprehensive Income [Member]
BALANCE at Dec. 31, 2014	$ 115,515	$ 19	$ 145,462	$ (30,101)	$ 135
Stock-based compensation expense	1,392	0	1,392	0	0
Issuance of shares for stock purchase and option	1,018	0	1,018	0	0
Cancellation of shares for payment of withholding	(412)	0	(412)	0	0
Repurchase of common stock	(9,693)	(1)	(9,692)	0	0
Dividend paid	(2,770)	0	0	(2,770)	0
Net loss	(748)	0	0	(748)	0
Change in cumulative translation adjustment, net	(76)	0	0	0	(76)
BALANCE at Sep. 30, 2015	$ 104,226	$ 18	$ 137,768	$ 33,619	$ 59

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Stock-Based Compensation - Summary of Stock Option Activity (Detail) - Stock Options [Member] - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Summary Of Stock Option Activities [Line Items]
Options Outstanding, Beginning balance, Shares			1,357,928
Options Outstanding, Granted			150,500
Options Outstanding, Exercised	0	(1,894)	(35,134)	(41,841)
Options Outstanding, Expired or cancelled			(110,683)
Options Outstanding, Forfeited			(72,820)
Options Outstanding, Ending balance, Shares	1,289,791		1,289,791
Options Exercisable, Ending balance, Shares	796,046		796,046
Options Outstanding, Beginning balance, Weighted Average Exercise Price			$ 7.81
Weighted Average Exercise Price, Granted			8.00
Weighted Average Exercise Price, Exercised			7.25
Weighted Average Exercise Price, Expired or Cancelled			9.00
Weighted Average Exercise Price, Forfeited			7.76
Options Outstanding, Ending balance, Weighted Average Exercise Price	$ 7.74		7.74
Options Outstanding, Exercisable at End of Year, Weighted Average Exercise Price	$ 7.96		$ 7.96

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Cash, Cash Equivalents and Investments - Cash and Cash Equivalents and Investments (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Cash and Cash Equivalents [Abstract]
Cash	$ 8,625	$ 19,731
Cash equivalents	4,262	701
Short-term investments	21,428	39,577
Cash and investments	$ 34,315	$ 60,009

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Stock-Based Compensation - Employee Stock Purchase Plan ("ESPP") - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended				9 Months Ended
	Aug. 31, 2015	Feb. 28, 2015	Aug. 31, 2014	Feb. 28, 2014	Sep. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Offering period					6 months
Employee Stock Purchase Plan ("ESPP") [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of fair market value to determine purchase price					85.00%
Proceeds of from issuance of shares under ESPP	$ 0.4	$ 0.4	$ 0.3	$ 0.3
Options issued	76,314	57,293	51,545	49,063
Rate of discount on fair market value of common stock under ESPP					15.00%
Period of expected life, options granted					5 years
Increase number authorized shares						750,000

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Basis of Presentation (Policies)

9 Months Ended

Sep. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Operations

Nature of Operations

PCTEL, Inc. (“PCTEL”, the “Company”, “we”, “ours”, and “us”) delivers Performance Critical Telecom solutions. RF Solutions develops and provides test equipment, software and engineering services for wireless networks. The industry relies upon PCTEL to benchmark network performance, analyze trends, and optimize wireless networks. Connected Solutions designs and delivers performance critical antennas and site solutions for wireless networks globally. Our antennas support evolving wireless standards for cellular, private, and broadband networks. PCTEL antennas and site solutions support networks worldwide, including Supervisory Control and Data Acquisition (“SCADA”) for oil, gas and utilities, fleet management, industrial operations, healthcare, small cell and network timing deployment, defense, public safety, education, and broadband access.

Segment Reporting

Segment Reporting

PCTEL operates in two segments for reporting purposes, Connected Solutions and RF Solutions. The Company’s chief operating decision maker uses the profit and loss results through operating profit and identified assets for the Connected Solutions and RF Solutions segments to make operating decisions. Each segment has its own segment manager as well as its own engineering, sales and marketing, and operational general and administrative functions. All of the Company’s accounting and finance, human resources, IT and legal functions are provided on a centralized basis through the corporate function. The Company manages its balance sheet and cash flows centrally at the corporate level, with the exception of trade accounts receivable and inventory which is managed at the segment level. Each of the segment managers reports to and maintains regular contact with the chief operating decision maker to discuss operating activities, financial results, forecasts, or plans for the segment.

Connected Solutions Segment

Connected Solutions designs and delivers performance critical antennas and site solutions for wireless networks globally. The Company’s antennas and site solutions support networks worldwide, including SCADA for oil, gas and utilities, fleet management, industrial operations, health care, small cell and network timing deployment, defense, public safety, education, and broadband access. PCTEL’s performance critical MAXRAD^® and Bluewave™ antenna solutions include high rejection and high performance GPS and GNSS products, the industry leading Yagi portfolio, mobile and indoor LTE, broadband, and LMR antennas and PIM-rated antennas for transit, in-building, and small cell applications. We leverage our design, logistics, and support capabilities to deliver performance critical site solutions into carrier, railroad, and utility applications. Revenue growth for antenna and site solutions is primarily driven by the increased use of wireless communications in these vertical markets. PCTEL’s antenna and site solution products are primarily sold through distributors, value-added resellers, and original equipment manufacturer (“OEM”) providers.

There are many competitors for antenna products, as the market is highly fragmented. Competitors include Laird (Cushcraft, Centurion, and Antennex products), Mobile Mark, Radiall/Larsen, Comtelco, Wilson, Commscope (Andrew products), and Kathrein, among others. The Company seeks out product applications that command a premium for product performance and customer service, and avoids commodity markets.

PCTEL maintains expertise in several technology areas in order to be competitive in the antenna engineered site solutions market. These include radio frequency engineering, mobile antenna design and manufacturing, mechanical engineering, product quality and testing, and wireless network engineering.

RF Solutions Segment

RF Solutions develops and provides performance critical test equipment, software, and engineering services for wireless networks. The industry relies upon PCTEL to benchmark network performance, analyze trends, and optimize wireless networks. SeeGull^® scanning receivers are used around the world for indoor and drive test applications, including baseline testing, acceptance testing, competitive benchmarking, spectrum clearing, troubleshooting, and network optimization. SeeGull scanning receivers provide high quality real-world RF measurements needed to build, tune, troubleshoot, and expand commercial wireless networks. The Company’s highly-trained engineering services team uses state-of-the-art test, measurement, and design tools to provide engineering services for in-building and outdoor networks. Our engineering services team (“NES”) provides wireless network testing, optimization, design, integration, and consulting services, with an emphasis on in-building distributed antenna systems (“DAS”). Revenue growth for the segment’s products and services is driven by the deployment of products based on new wireless technology and the need for wireless networks to be tuned and reconfigured on a regular basis. Scanning receiver products are sold primarily through test and measurement value-added resellers and to a lesser extent directly to network operators. Competitors for these products include OEMs such as JDS Uniphase, Rohde and Schwarz, Anritsu, Digital Receiver Technology, and Berkley Varitronics.

On February 27, 2015, PCTEL, Inc. acquired substantially all of the assets of, and assumed certain specified liabilities of, Nexgen Wireless, Inc. (“Nexgen”), pursuant to an Asset Purchase Agreement dated as of February 27, 2015 (the “Nexgen APA”). The business acquired from Nexgen is based in Schaumburg, Illinois. Nexgen provided Meridian™, a network analysis tool portfolio now known as SeeHawk^® Analytics, and engineering services. Nexgen’s Meridian software product portfolio translates real-time network performance data into engineering actions to optimize operator performance. Meridian, with its Network IQ™, Subscriber IQ™, and Map IQ™ modules, supports crowd-based, cloud-based data analysis to enhance network performance. Nexgen provides performance engineering, specialized staffing, and trend analysis for carriers, infrastructure vendors, and neutral hosts for 2G, 3G, 4G, and LTE networks.

PCTEL maintains expertise in several technology areas in order to be competitive in the scanning receiver and related engineering services market. These include radio frequency engineering, DSP engineering, manufacturing, mechanical engineering, product quality and testing, and wireless network engineering.

Basis of Consolidation

Basis of Consolidation

The condensed consolidated balance sheet as of September 30, 2015 and the condensed consolidated statements of operations, statements of comprehensive income, and cash flows for the three and nine months ended September 30, 2015 and 2014, respectively, are unaudited and reflect all adjustments of a normal recurring nature that are, in the opinion of management, necessary for a fair presentation of the interim period financial statements. The interim condensed consolidated financial statements are derived from the audited financial statements as of December 31, 2014.

The unaudited interim condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted. The significant accounting policies followed by the Company are set forth within the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 (the “2014 Form 10-K”). There were no changes in the Company’s significant accounting policies during the three and nine months ended September 30, 2015. In addition, the Company reaffirms the use of estimates in the preparation of the financial statements as set forth in the 2014 Form 10-K. These interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the 2014 Form 10-K. The results for the operations for the period ended September 30, 2015 may not be indicative of the results for the period ending December 31, 2015.

Foreign Currency Translation

Foreign Currency Translation

The Company is exposed to foreign currency fluctuations due to its foreign operations and because products are sold internationally. The functional currency for the Company’s foreign operations is predominantly the applicable local currency. Accounts of foreign operations are translated into U.S. dollars using the exchange rate in effect at the applicable balance sheet date for assets and liabilities and average monthly rates prevailing during the period for revenue and expense accounts. Adjustments resulting from translation are included in accumulated other comprehensive income, a separate component of shareholders’ equity. Gains and losses resulting from other transactions originally in foreign currencies and then translated into U.S. dollars are included in the condensed consolidated statement of operations. Net foreign exchange gains resulting from foreign currency transactions included in other income, net were $5 and $10 for the three months ended September 30, 2015 and 2014, respectively. Net foreign exchange losses resulting from foreign currency transactions included in other income, net were and ($23) and ($37) for the nine months ended September 30, 2015 and 2014, respectively.

Recent Accounting Guidance

Recent Accounting Guidance

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-11, “Simplifying the Measurement of Inventory (Topic 330).” The new guidance requires most inventory to be measured at the lower of cost and net realizable value, thereby simplifying the previous guidance under which an entity must measure inventory at the lower of cost or market. Market is defined as replacement cost, net realizable value (“NRV”), or NRV less a normal profit margin. The ASU will not apply to inventory that is measured using either the last-in, first-out method or the retail inventory method. The standard will be effective prospectively for the first interim period within annual reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently assessing the provisions of the guidance and has not determined the impact of the adoption of this guidance on its consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, which requires management to assess whether there is substantial doubt about an entity’s ability to continue as a going concern for each annual and interim period. If conditions or events give rise to substantial doubt, disclosures are required. The new accounting standard is effective as of December 31, 2016, and the Company does not expect it to have an impact on its financial statement disclosures.

In June 2014, the FASB issued ASU No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. ASU 2014-12 was issued to clarify that a performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation—Stock Compensation. As a result, the target is not reflected in the estimation of the award’s grant date fair value. Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved. The new accounting standard is effective for the Company in 2016. Because participants in the Company’s performance-based long-term incentive plan must be service providers of the Company on the determination date in order to be eligible to receive the shares, the adoption of ASU No. 2014-12 will not have a material impact on the Company’s consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09 which introduces a new five-step revenue recognition model in which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. The FASB has voted to approve a one-year deferral of the effective date from January 1, 2017 to January 1, 2018, while allowing for early adoption as of January 1, 2017. The new accounting standard is expected to have an impact to the Company’s consolidated financial statements. The Company is currently reviewing its arrangements to evaluate the impact and method of adoption.

In April 2014, the FASB issued ASU 2014-08, which includes amendments that change the requirements for reporting discontinued operations and require additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations - that is, a major effect on the organization’s operations and financial results should be presented as discontinued operations. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment. Additionally, the ASU requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. This update took effect in the first quarter of 2015. The new guidance did not have a material impact on the Company’s consolidated financial statements.

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Cash, Cash Equivalents and Investments - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents maturities	90 days
Investment of cash equivalents are redeemable upon demand using amortized cost method	$ 1.00
Investment in money market funds restricted by investment in short term securities, percentage	100.00%
Federal Deposit Insurance Corporation Insured amount	$ 250
Cash	8,625	$ 19,731
Cash equivalents	4,262	701
Cash and cash equivalents in foreign bank	1,400	500
Short-term investments	$ 21,428	$ 39,577
Short-term investments, maturities	90 days
Net unrealized gains	$ 6
Percentage of investment in bond protected by bond default insurance	9.00%	5.00%
Pre-refunded Municipal Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	$ 7,400	$ 5,200
Corporate Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	4,200	7,200
U.S. Government Agency Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	7,700	13,500
Certificates of Deposit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	$ 2,100	11,800
Mutual Funds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments		$ 2,000

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Cash, Cash Equivalents and Investments (Tables)

9 Months Ended

Sep. 30, 2015

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents and Investments

The Company’s cash and investments consisted of the following:

	September 30, 2015		December 31, 2014
Cash	$	8,625	$	19,731
Cash equivalents		4,262		701
Short-term investments		21,428		39,577
	$	34,315	$	60,009

Cash Equivalents and Investments Measured at Fair Value

Cash equivalents and Level 1 and Level 2 investments measured at fair value were as follows at September 30, 2015 and December 31, 2014:

	September 30, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds and other cash equivalents	$	4,262	$	0	$	0	$	4,262	$	701	$	0	$	0	$	701
Investments:
US government agency bonds		0		7,671		0		7,671		0		13,502		0		13,502
Certificates of deposit		2,138		0		0		2,138		11,782		0		0		11,782
Pre-refunded municipal bonds		0		7,375		0		7,375		0		5,162		0		5,162
Corporate bonds		0		4,250		0		4,250		0		7,155		0		7,155
Mutual funds		0		0		0		0		1,971		0		0		1,971
Total	$	6,400	$	19,296	$	0	$	25,696	$	14,454	$	25,819	$	0	$	40,273

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Stock-Based Compensation - Stock Repurchases - Additional Information (Detail) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Aug. 10, 2015	Apr. 20, 2015	Nov. 13, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase program, shares repurchased	1,113,934	1,494,019
Average price of repurchased shares	$ 6.18	$ 6.49
Share repurchase program, shares authorized to be repurchased			2,726,000		926,000
Shares that could still be repurchased	1,231,981	1,231,981
Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase program, shares authorized to be repurchased			1,300,000	500,000

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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating Activities:
Net income (loss)	$ (748)	$ 2,617
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	5,261	3,589
Stock-based compensation	1,392	2,578
(Gain)/loss on disposal/sale of property and equipment	(18)	9
Restructuring costs	485	0
Payment of withholding tax on stock based compensation	(412)	(1,025)
Deferred tax provision	(640)	468
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	8,641	(1,641)
Inventories	(908)	(1,857)
Prepaid expenses and other assets	(619)	1,722
Accounts payable	56	1,007
Income taxes payable	(110)	(51)
Other accrued liabilities	(3,535)	(1,913)
Deferred revenue	(1,044)	(75)
Net cash provided by operating activities	7,801	5,428
Investing Activities:
Capital expenditures	(1,583)	(1,884)
Proceeds from disposal of property and equipment	40	0
Purchases of investments	(20,277)	(54,673)
Redemptions/maturities of short-term investments	38,426	51,232
Purchase of business from Nexgen	(20,500)	0
Net cash used in investing activities	(3,894)	(5,325)
Financing Activities:
Proceeds from issuance of common stock	1,018	839
Tax benefit from stock based compensation	0	486
Payments for repurchase of common stock	(9,693)	(1,652)
Cash dividends	(2,770)	(2,218)
Net cash used in financing activities	(11,445)	(2,545)
Net decrease in cash and cash equivalents	(7,538)	(2,442)
Effect of exchange rate changes on cash	(7)	(3)
Cash and cash equivalents, beginning of year	20,432	21,790
Cash and Cash Equivalents, End of Period	$ 12,887	$ 19,345

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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 119	$ 121
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	17,815,573	18,571,419
Common stock, shares outstanding	17,815,573	18,571,419

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Commitments and Contingencies

9 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

10. Commitments and Contingencies

Operating Leases

The Company has operating leases for facilities through 2020 and office equipment through 2019. The future minimum rental payments under these leases at September 30, 2015, are as follows:

Year	Amount
2015	$	299
2016		1,067
2017		933
2018		889
2019		673
Thereafter		231
Future minimum lease payments	$	4,092

The rent expense under leases was approximately $0.3 million and $0.2 million for the three months ended September 30, 2015, and 2014, respectively. The rent expense under leases was approximately $0.8 million and $0.7 million for the nine months ended September 30, 2015, and 2014, respectively.

In conjunction with the asset purchase agreement for Nexgen, the Company assumed the lease for office space in Schaumburg, Illinois consisting of 6,652 square feet. The lease expiration date is October 31, 2018 and the total lease obligation pursuant to this lease assumption is $0.4 million.

In April 2015, the Company formally terminated the leased office space in San Antonio, Texas effective September 27^th, 2015.

In May 2015, the Company entered into a new five-year, five-month lease for an office for our expanding engineering services business in Englewood, Colorado consisting of leased space of 4,579 square feet with a lease expiration date of February 28^th, 2021. The first five months of the lease term are rent free. The total lease obligation pursuant to this lease is $0.6 million.

In May 2015, the Company extended the lease for its assembly facility in Pryor, Oklahoma for a period of six months ending October 31^st, 2015. The total lease obligation pursuant to this lease was $39. This lease was not renewed after October 2015 because of the Company’s exit from the mobile tower product line.

In October 2015, the Company entered into a new five-year lease for additional manufacturing space in Tianjin, China consisting of 22,163 square feet with a lease expiration date of October 2020. The total lease obligation pursuant to this lease is $0.2 million.

All properties are in good condition and are suitable for the purposes for which they are used. We believe that we have adequate space for our current needs.

Capital Leases

The Company has capital leases for office and manufacturing equipment. The net book values for asset under capital leases were as follows:

	September 30, 2015			December 31, 2014
Cost	$	219		$	189
Accumulated Depreciation		(46	)		(16	)
Net Book Value	$	173		$	173

The following table presents future minimum lease payments under capital leases at September 30, 2015, together with the present value of the net minimum lease payments due in each year:

Year	Amount
2015	$	13
2016		50
2017		50
2018		40
2019		29
2020		4
Total minimum payments required:		186
Less amount representing interest:		13
Present value of net minimum lease payments:	$	173

Warranty Reserve and Sales Returns

The Company allows its major distributors and certain other customers to return unused product under specified terms and conditions. The Company accrues for product returns based on historical sales and return trends. The Company’s allowance for sales returns was $0.2 million at September 30, 2015 and $0.1 million at December 31, 2014.

The Company offers repair and replacement warranties of up to five years for certain antenna products and scanning receiver products. The Company’s warranty reserve is based on historical sales and costs of repair and replacement trends. The warranty reserve was $0.4 million and $0.3 million at September 30, 2015 and December 31, 2014, respectively, and is included in other accrued liabilities in the accompanying condensed consolidated balance sheets.

Changes in the warranty reserves during the nine months ended September 30, 2015 and 2014, were as follows:

	Nine Months Ended September 30,
	2015			2014
Beginning balance	$	304		$	305
Provisions for warranties		93			62
Consumption of reserves		(16	)		(60	)
Ending balance	$	381		$	307

Restructuring Charges

In June 2015, the Company committed to a restructuring program for reductions in U.S. headcount and the exit from the mobile towers product line. The Company acquired the mobile tower product line in the 2012 acquisition of TelWorx (defined below). The Company’s mobile towers were primarily sold into the oil and gas exploration market in North America. The mobile towers were used to either provide a communications link to an oil drilling site or lighting for a site under construction. The decline in oil prices caused a decline in related mobile tower sales. The Company made the decision to exit the mobile tower product line due to the anticipated long term effect on revenue from depressed oil prices, and the fact that one of our two tower suppliers filed for Chapter 7 bankruptcy during June 2015 as a result of the decline in volume. Mobile towers were not a key element of the company’s kitting operation or antenna business within Connected Solutions. According to the accounting guidance, the exit of the mobile tower product line does not meet the requirements of discontinued operations.

The Company incurred restructuring charges of $0.4 million and $0.9 million during the three and nine months ended September 30, 2015, respectively. During the three months ended September 30, 2015, the Company incurred $0.4 million for severance and employee related costs related to the termination of 18 employees and $23 related to the disposal of fixed assets of the mobile tower product line. During the nine months ended September 30, 2015, the Company incurred severance costs of $0.4 million of severance and employee related costs related to the termination of 20 employees, $23 related to the disposal of fixed assets of the mobile tower product line, and $0.4 million of intangible assets related to mobile towers.

The following table summarizes the restructuring activity during the nine months ended September 30, 2015 and the status of the reserves at September 30. 2015:

	Accrual							Accrual
	Balance at							Balance at
	December 31,		Restructuring		Payments/			September 30,
	2014		Expense		Charges			2015
2015 Restructuring:
Employee related costs	$	0	$	423	($	394	)	$	29
Fixed assets		0		23		(23	)		0
Intangible assets adjustment		0		406		(406	)		0
Totals	$	0	$	852	($	823	)	$	29

TelWorx Settlements

The Company acquired substantially all of the assets and assumed certain specified liabilities of TelWorx Communications LLC, TelWorx U.K. Limited, TowerWorx LLC and TowerWorx International, Inc. (collectively “TelWorx”), pursuant to an Asset Purchase Agreement (“APA”) dated as of July 9, 2012 among the Company, TelWorx and Tim and Brenda Scronce, the principal owners of TelWorx. The business operations associated with these purchased assets is collectively referred to as “TelWorx” in this Form 10-Q. As disclosed in the Company’s Form 8-K/A filed with the Securities and Exchange Commission (the “SEC”) on March 13, 2013, after completion of the acquisition, the Company became aware of certain accounting irregularities with respect to the TelWorx Entities and the Company’s Board of Directors directed management to conduct an internal investigation. Based on the results of the Company’s investigation, the Company’s Board of Directors directed management to seek restitution from the TelWorx Parties. On March 27, 2013, after protracted negotiations and concurrent litigation, the parties entered into an amendment to the APA and related settlement agreements to settle the dispute.

The Company sought and received restitution from two parties who assisted the sellers of TelWorx by providing professional services to the sellers in connection with their sale of the business to PCTEL. On September 30, 2014, the Company settled in cash with one party for $0.1 million and on October 10, 2014, the Company settled with the other party in cash for $0.8 million. The Company recorded the settlements as income in the quarters ended September 30, 2014 and December 31, 2014, respectively.

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Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 06, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Trading Symbol	PCTI
Entity Registrant Name	PC TEL INC
Entity Central Index Key	0001057083
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		17,616,522

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Income Taxes

9 Months Ended

Sep. 30, 2015

Income Tax Disclosure [Abstract]

Income Taxes

11. Income Taxes

The Company recorded an income tax benefit of $0.5 million for the nine months ended September 30, 2015. The tax benefit for the nine months ended September 30, 2015 differed from the statutory rate of 34% primarily because of state income taxes. The Company recorded income tax expense of $0.3 million for the nine months ended September 30, 2014. The tax expense for the nine months ended September 30, 2014 differed from the statutory rate of 34% primarily because the Company recorded a tax benefit of $0.8 million related to the reversal of a liability for uncertain income taxes.

The Company’s valuation allowance against its deferred tax assets was $0.6 million at September 30, 2015 and December 31, 2014. On a regular basis, the Company evaluates the recoverability of deferred tax assets and the need for a valuation allowance. Such evaluations involve the application of significant judgment. The Company considers multiple factors in its evaluation of the need for a valuation allowance. The Company’s long-term forecasts continue to support the realization of its deferred tax assets. The Company’s domestic deferred tax assets have a ratable reversal pattern over 15 years. The carry forward rules allow for up to a 20 year carry forward of net operating losses (“NOL”) to future income that is available to realize the deferred tax assets. The combination of the deferred tax asset reversal pattern and carry forward period yields a 26.0 year average period over which future income can be utilized to realize the deferred tax assets.

The Company’s gross unrecognized tax benefit was $0.8 million at September 30, 2015 and December 31, 2014.

The Company files a consolidated federal income tax return, income tax returns with various states, and foreign income tax returns in various foreign jurisdictions. The Company’s U.S. federal and state tax returns remain subject to examination for 2011 and subsequent periods.

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Segment, Customer and Geographic Information - Result of Operations by Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Results of operations by segments
REVENUES	$ 26,526	$ 27,932	$ 80,477	$ 77,769
GROSS PROFIT	8,630	11,394	28,410	31,826
OPERATING INCOME (LOSS)	(2,221)	2,096	(3,982)	2,219
Depreciation	781	723	2,298	2,086
Intangible amortization	1,125	465	2,963	1,503
Capital expenditures	286	596	1,583	1,884
Operating Segments [Member] | Connected Solutions [Member]
Results of operations by segments
REVENUES	17,450	18,697	52,903	52,409
GROSS PROFIT	4,729	5,803	15,588	16,635
OPERATING INCOME (LOSS)	1,160	2,262	4,255	5,278
Depreciation	428	426	1,281	1,267
Intangible amortization	195	261	655	891
Capital expenditures	135	241	653	811
Operating Segments [Member] | RF Solutions [Member]
Results of operations by segments
REVENUES	9,115	9,283	27,749	25,578
GROSS PROFIT	3,894	5,584	12,802	15,171
OPERATING INCOME (LOSS)	(1,058)	2,492	(181)	5,150
Depreciation	289	211	809	562
Intangible amortization	930	204	2,308	612
Capital expenditures	151	345	836	1,036
Corporate, Non-Segment [Member]
Results of operations by segments
REVENUES	(39)	(48)	(175)	(218)
GROSS PROFIT	7	7	20	20
OPERATING INCOME (LOSS)	(2,323)	(2,658)	(8,056)	(8,209)
Depreciation	64	86	208	257
Intangible amortization	0	0	0	0
Capital expenditures	$ 0	$ 10	$ 94	$ 37

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Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
REVENUES	$ 26,526	$ 27,932	$ 80,477	$ 77,769
COST OF REVENUES	17,896	16,538	52,067	45,943
GROSS PROFIT	8,630	11,394	28,410	31,826
OPERATING EXPENSES:
Research and development	2,863	2,659	8,506	8,970
Sales and marketing	3,603	3,054	10,558	9,312
General and administrative	2,847	3,120	9,513	9,822
Amortization of intangible assets	1,125	465	2,963	1,503
Restructuring charges	413	0	852	0
Total operating expenses	10,851	9,298	32,392	29,607
OPERATING INCOME (LOSS)	(2,221)	2,096	(3,982)	2,219
Other income, net	534	207	2,783	738
INCOME (LOSS) BEFORE INCOME TAXES	(1,687)	2,303	(1,199)	2,957
Expense (benefit) for income taxes	(625)	85	(451)	340
NET INCOME (LOSS)	$ (1,062)	$ 2,218	$ (748)	$ 2,617
Net Income (Loss) per Share:
Basic	$ (0.06)	$ 0.12	$ (0.04)	$ 0.14
Diluted	$ (0.06)	$ 0.12	$ (0.04)	$ 0.14
Weighed Average Shares:
Basic	17,626	18,112	18,059	18,155
Diluted	17,626	18,271	18,059	18,346
Cash dividend per share	$ 0.05	$ 0.04	$ 0.15	$ 0.12

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Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

Goodwill

The activity related to goodwill for the nine months ended September 30, 2015 was as follows:

Balance at December 31, 2014	$	161
Goodwill related to acquisition of Nexgen business		3,332
Balance at September 30, 2015	$	3,493

The goodwill of $3.5 million relates to the RF Solutions segment. In February 2015, the Company acquired substantially all of the assets and assumed certain liabilities of Nexgen Wireless, Inc. As of September 30, 2015, the Company recorded goodwill of $3.3 million as part of the provisional allocation of the purchase price. Based on revisions to the Nexgen valuation, goodwill was lowered by $0.6 million and customer relationships was increased by $0.6 million during the third quarter 2015. See Note 7 for additional information on the acquisition. The Company recorded $0.2 million of goodwill related to the business acquired from Envision Wireless, Inc. in 2011.

The Company performs an annual impairment test of goodwill as of the end of the first month of the fiscal fourth quarter (October 31st), or at an interim date if an event occurs or if circumstances change that would indicate that an impairment loss may have been incurred. In performing the impairment test, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value, including goodwill. If the qualitative assessment is indicative of possible impairment, then a two-step quantitative fair value assessment is performed at the reporting unit level. In the first step, the fair value of each reporting unit is compared with its carrying value. If the fair value exceeds the carrying value, then goodwill is not impaired and no further testing is performed. The second step is performed if the carrying value exceeds the fair value. The implied fair value of goodwill is then compared against the carrying value of goodwill to determine the amount of impairment.

The RF Solutions segment has experienced declining profitability year to date (See Note 12 for the segment information). The Company considered the decline to be an interim change in circumstances that would indicate that an impairment loss may have been incurred at September 30, 2015. There are two reporting units for goodwill testing purposes within the RF Solutions segment, Products and Services, and both carry goodwill. The Company performed a qualitative assessment on both reporting units and determined it is more likely than not that the fair value of a reporting unit is greater than its carrying value, including goodwill. The primary positive evidence considered was the recent restructuring of costs that is expected to lower the cost structure by several million dollars annually. In addition the Company performed a Step 1 quantitative goodwill test at September 30, 2015 at the lower forecasted cost structure, which confirmed the qualitative assessment.

Intangible Assets

The Company amortizes intangible assets with finite lives on a straight-line basis over the estimated useful lives, which range from one to eight years. The summary of other intangible assets, net as of September 30, 2015 and December 31, 2014 are as follows:

	September 30, 2015						December 31, 2014
	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Amortization		Net Book Value
Customer contracts and relationships	$	25,497	$	17,880	$	7,617	$	17,381	$	15,933	$	1,448
Patents and technology		10,114		7,171		2,943		6,781		6,507		274
Trademarks and trade names		4,960		3,631		1,329		3,988		3,152		836
Other		2,743		2,198		545		1,998		1,919		79
	$	43,314	$	30,880	$	12,434	$	30,148	$	27,511	$	2,637

The $9.8 million increase in the net book value of intangible assets at September 30, 2015 compared to December 31, 2014 reflects $13.2 million of intangible assets recorded for the purchase of the business from Nexgen, offset by amortization expense of $3.0 million recorded for the nine months ended September 30, 2015, and a restructuring charge of $0.4 million recorded in June 2015. The restructuring charge related to the Company’s exit from the mobile towers product line. The Company wrote off the remaining patents and technology and a portion of the trade names and customer relationships from the acquisition of TelWorx in 2012. The amortization related to the assets recorded for the acquisition of the business from Nexgen was $0.7 million and $1.7 million for the three and nine months ended September 30, 2015, respectively. The amortization related to all other intangible assets was $0.4 million and $1.3 million for the three and nine months ended September 30, 2015.

The assigned lives and weighted average amortization periods by intangible asset category is summarized below:

Intangible Assets	Assigned Life		Weighted Average Amortization Period
Customer contracts and relationships		4 to 6 years		5.0
Patents and technology		3 to 6 years		4.5
Trademarks and trade names		3 to 8 years		4.7
Other		1 to 6 years		4.4

The Company’s scheduled amortization expense for 2015 and the next five years is as follows:

Fiscal Year	Amount
2015	$	4,020
2016	$	2,962
2017	$	2,785
2018	$	2,708
2019	$	2,508
2020	$	414

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Cash, Cash Equivalents and Investments

9 Months Ended

Sep. 30, 2015

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Investments

4. Cash, Cash Equivalents and Investments

The Company’s cash and investments consisted of the following:

	September 30, 2015		December 31, 2014
Cash	$	8,625	$	19,731
Cash equivalents		4,262		701
Short-term investments		21,428		39,577
	$	34,315	$	60,009

Cash and Cash equivalents

At September 30, 2015, cash and cash equivalents included bank balances and investments with original maturities less than 90 days. At September 30, 2015 and December 31, 2014, the Company’s cash equivalents were invested in highly liquid AAA money market funds that are required to comply with Rule 2a-7 of the Investment Company Act of 1940. Such funds utilize the amortized cost method of accounting, seek to maintain a constant $1.00 per share price, and are redeemable upon demand. The Company restricts its investments in AAA money market funds to those invested 100% in either short-term U.S. government agency securities or bank repurchase agreements collateralized by these same securities. The fair values of these money market funds are established through quoted prices in active markets for identical assets (Level 1 inputs). The cash in the Company’s U.S. banks is insured by the Federal Deposit Insurance Corporation up to the insurable amount of $250.

At September 30, 2015, the Company had $8.6 million in cash and $4.3 million in cash equivalents and at December 31, 2014, the Company had $19.7 million in cash and $0.7 million in cash equivalents. The Company had $1.4 million and $0.5 million of cash and cash equivalents in foreign bank accounts at September 30, 2015 and December 31, 2014, respectively. As of September 30, 2015, the Company has no intentions of repatriating the cash in its foreign bank accounts. If the Company decides to repatriate the cash in the foreign bank accounts, it may experience difficulty in doing so in a timely manner. The Company may also be exposed to foreign currency fluctuations and taxes if it repatriates these funds. The Company’s cash in its foreign bank accounts is not insured.

Investments

At September 30, 2015 and December 31, 2014, the Company’s short-term investments consisted of pre-refunded municipal bonds, U.S. government agency bonds, AA or higher rated corporate bonds, and certificates of deposit classified as held-to-maturity. At September 30, 2015 the Company had invested $7.7 million in U.S. government agency bonds, $7.4 million in pre-refunded municipal bonds, $4.2 million in AA rated or higher corporate bonds, and $2.1 million in certificates of deposit. The income and principal from the pre-refunded municipal bonds are secured by an irrevocable trust of U.S. Treasury securities. The bonds have original maturities greater than 90 days and mature in less than one year. The Company’s bonds are recorded at the purchase price and carried at amortized cost. The net unrealized gains were $6 at September 30, 2015. Approximately 9% and 5% of the Company’s bonds were protected by bond default insurance at September 30, 2015 and December 31, 2014, respectively.

At December 31, 2014, the Company had invested $13.5 million in U.S. government agency bonds, $11.8 million in certificates of deposit, $7.2 million in AA rated or higher corporate bond funds, $5.2 million in pre-refunded municipal bonds and taxable bond funds, and $2.0 million in mutual funds.

The Company categorizes its financial instruments within a fair value hierarchy according to accounting guidance for fair value. The fair value hierarchy is described under the Fair Value of Financial Instruments in Note 2. For the Level 2 investments, the Company uses quoted prices of similar assets in active markets.

Cash equivalents and Level 1 and Level 2 investments measured at fair value were as follows at September 30, 2015 and December 31, 2014:

	September 30, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds and other cash equivalents	$	4,262	$	0	$	0	$	4,262	$	701	$	0	$	0	$	701
Investments:
US government agency bonds		0		7,671		0		7,671		0		13,502		0		13,502
Certificates of deposit		2,138		0		0		2,138		11,782		0		0		11,782
Pre-refunded municipal bonds		0		7,375		0		7,375		0		5,162		0		5,162
Corporate bonds		0		4,250		0		4,250		0		7,155		0		7,155
Mutual funds		0		0		0		0		1,971		0		0		1,971
Total	$	6,400	$	19,296	$	0	$	25,696	$	14,454	$	25,819	$	0	$	40,273

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Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table is the computation of basic and diluted earnings per share:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015			2014
Basic Earnings Per Share computation:
Numerator:
Net income (loss)	($	1,062	)	$	2,218	($	748	)	$	2,617
Denominator:
Common shares outstanding		17,626			18,112		18,059			18,155
Earnings per common share - basic
Net income (loss)	($	0.06	)	$	0.12	($	0.04	)	$	0.14
Diluted Earnings Per Share computation:
Denominator:
Common shares outstanding		17,626			18,112		18,059			18,155
Restricted shares subject to vesting		*			88		*			110
Performance shares subject to vesting		*			62		*			69
Common stock option grants		*			9		*			12
Total shares		17,626			18,271		18,059			18,346
Earnings per common share - diluted
Net income (loss)	($	0.06	)	$	0.12	($	0.04	)	$	0.14

* As denoted by “*” in the table above, weighted average common stock option grants and restricted shares of 183,000 and 369,000 were excluded from the calculations of diluted net loss per share for the three months and nine months ended September 30, 2015, respectively, since their effects are anti-dilutive.

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Segment, Customer and Geographic Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment, Customer and Geographic Information

12. Segment, Customer and Geographic Information

PCTEL operates in two segments for reporting purposes. The Company’s Connected Solutions segment includes its antenna and engineered site solutions. Its RF Solutions segment includes its scanning receivers and RF engineering services. Each of the segments has its own segment manager as well as its own engineering, sales and marketing, and operational general and administrative functions. All of the Company’s accounting and finance, human resources, IT and legal functions are provided on a centralized basis through the corporate function. The Company manages its balance sheet and cash flows centrally at the corporate level, with the exception of trade accounts receivable and inventory which is managed at the segment level. Each of the segment managers reports to and maintains regular contact with the chief operating decision maker to discuss operating activities, financial results, forecasts, or plans for the segment. The Company’s chief operating decision maker uses the profit and loss results through operating profit and identified assets for Connected Solutions and RF Solutions segments to make operating decisions.

The following tables are the segment operating profits and cash flow information for the three and nine months ended September 30, 2015 and 2014, respectively, and the segment balance sheet information as of September 30, 2015 and December 31, 2014:

	Three Months Ended September 30, 2015
	Connected Solutions		RF Solutions			Corporate			Total
REVENUES	$	17,450	$	9,115		($	39	)	$	26,526
GROSS PROFIT		4,729		3,894			7			8,630
OPERATING INCOME (LOSS)	$	1,160	($	1,058	)	($	2,323	)	($	2,221	)
Depreciation	$	428	$	289		$	64		$	781
Intangible amortization	$	195	$	930		$	0		$	1,125
Capital expenditures	$	135	$	151		$	0		$	286
	Nine Months Ended September 30, 2015
	Connected Solutions		RF Solutions			Corporate			Total
REVENUES	$	52,903	$	27,749		($	175	)	$	80,477
GROSS PROFIT		15,588		12,802			20			28,410
OPERATING INCOME (LOSS)	$	4,255	($	181	)	($	8,056	)	($	3,982	)
Depreciation	$	1,281	$	809		$	208		$	2,298
Intangible amortization	$	655	$	2,308		$	0		$	2,963
Capital expenditures	$	653	$	836		$	94		$	1,583
	As of September 30, 2015
	Connected Solutions		RF Solutions			Corporate			Total
Accounts receivable	$	12,341	$	8,302		$	0		$	20,643
Inventories	$	14,761	$	2,426		$	0		$	17,187
Long-lived assets:
Property and equipment, net	$	10,400	$	3,027		$	615		$	14,042
Goodwill	$	0	$	3,493		$	0		$	3,493
Intangible assets, net	$	620	$	11,814		$	0		$	12,434
Deferred tax assets, net	$	0	$	0		$	10,348		$	10,348
Other noncurrent assets	$	0	$	0		$	36		$	36

	Three Months Ended September 30, 2014
	Connected Solutions		RF Solutions		Corporate			Total
REVENUES	$	18,697	$	9,283	($	48	)	$	27,932
GROSS PROFIT		5,803		5,584		7			11,394
OPERATING INCOME (LOSS)	$	2,262	$	2,492	($	2,658	)	$	2,096
Depreciation	$	426	$	211	$	86		$	723
Intangible amortization	$	261	$	204	$	0		$	465
Capital expenditures	$	241	$	345	$	10		$	596
	Nine Months Ended September 30, 2014
	Connected Solutions		RF Solutions		Corporate			Total
REVENUES	$	52,409	$	25,578	($	218	)	$	77,769
GROSS PROFIT		16,635		15,171		20			31,826
OPERATING INCOME (LOSS)	$	5,278	$	5,150	($	8,209	)	$	2,219
Depreciation	$	1,267	$	562	$	257		$	2,086
Intangible amortization	$	891	$	612	$	0		$	1,503
Capital expenditures	$	811	$	1,036	$	37		$	1,884
	As of December 31, 2014
	Connected Solutions		RF Solutions		Corporate			Total
Accounts receivable	$	15,947	$	7,927	$	0		$	23,874
Inventories	$	14,172	$	2,186	$	0		$	16,358
Long-lived assets:
Property and equipment, net	$	11,124	$	2,987	$	731		$	14,842
Goodwill	$	0	$	161	$	0		$	161
Intangible assets, net	$	1,681	$	956	$	0		$	2,637
Deferred tax assets, net	$	0	$	0	$	9,710		$	9,710
Other noncurrent assets	$	0	$	0	$	40		$	40

The Company’s revenues to customers outside of the United States, as a percent of total revenues for the three and nine months ended September 30, 2015 and 2014, respectively were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
Region	2015			2014			2015			2014
Asia Pacific		9	%		11	%		9	%		11	%
Europe, Middle East, & Africa		7	%		7	%		9	%		9	%
Other Americas		7	%		7	%		6	%		6	%
Total Foreign sales		23	%		25	%		24	%		26	%

There were no customers that accounted for 10% or greater of revenues during the three months and nine months ended September 30, 2015 and no customers accounted for greater than 10% of revenues for the three and nine months ended September 30, 2014.

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Subsequent Events - Additional Information (Detail) $ in Thousands		3 Months Ended		9 Months Ended
	Nov. 03, 2015 USD ($) Employees	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)
Subsequent Event [Line Items]
Restructuring charges		$ 413	$ 0	$ 852	$ 0
Employee Related Costs [Member]
Subsequent Event [Line Items]
Restructuring charges				$ 423
Subsequent Event [Member] | Connected Solutions [Member]
Subsequent Event [Line Items]
Number of employees eliminated | Employees	22
Subsequent Event [Member] | Connected Solutions [Member] | Employee Related Costs [Member]
Subsequent Event [Line Items]
Restructuring charges	$ 600

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Stock-Based Compensation

9 Months Ended

Sep. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

8. Stock-Based Compensation

The condensed consolidated statements of operations include $0.7 million and $1.4 million of stock compensation expense for the three and nine months ended September 30, 2015, respectively. Stock compensation expense for the three months ended September 30, 2015 consisted of $0.5 million for restricted stock awards, $33 related to performance units, $57 for stock option expenses and $55 for stock purchase plan expenses. Stock compensation expense for the nine months ended September 30, 2015 consisted of $1.4 million for restricted stock awards, $0.4 million for stock option expenses and $0.2 million for stock purchase plan expenses, offset by the expense reversal of $0.5 million related to performance units that are not expected to vest.

The condensed consolidated statements of operations include $0.7 million and $2.6 million of stock compensation expense for the three and nine months ended September 30, 2014, respectively. Stock compensation expense for the three months ended September 30, 2014 consisted of $0.5 million for restricted stock awards, $0.2 million for stock option expenses and $54 for stock purchase plan expenses. Stock compensation expense for the nine months ended September 30, 2014 consists of $1.6 million for restricted stock awards, $0.8 million for stock option expenses and $137 for stock purchase plan expenses.

The Company did not capitalize any stock compensation expense during the three months ended September 30, 2015 or 2014. Total stock-based compensation is reflected in the condensed consolidated statements of operations as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Cost of revenues	$	115	$	112	$	244	$	315
Research and development		99		149		244		509
Sales and marketing		230		155		370		491
General and administrative		206		315		534		1,263
Total	$	650	$	731	$	1,392	$	2,578

Restricted Stock – Service Based

The Company grants restricted shares as employee incentives. When service-based restricted stock is granted to employees, the Company records deferred stock compensation within additional paid-in capital, representing the fair value of the common stock on the date the restricted shares are granted. The Company records stock compensation expense on a straight-line basis over the vesting period of the applicable service-based restricted shares. These grants vest over various periods, but typically vest over four years. The 2015 annual service-based awards were granted to eligible employees in June 2015, and the 2014 annual service-based awards were granted to eligible employees in March 2014.

In September 2015, the Company’s Board of Directors awarded 200,000 restricted shares to Martin H. Singer, Chief Executive Officer. These shares vest in September 2017 if Mr. Singer remains an employee of the Company on the vesting date. In order to better align compensation incentives with long-term shareholder interest, effective August 31, 2015, the Board of Directors approved reductions in the base salaries of named executive officers and certain other executives, and concurrently therewith granted 117,300 shares of the Company’s common stock which will vest one year from the date of grant. The Company awarded 100,000 shares to Mr. Thakkar as part of his employment offer following the Nexgen acquisition in the first quarter of 2015. These shares vest in February 2017 if Mr. Thakkar remains an employee of the Company on the vesting date.

The following table summarizes restricted stock activity for the nine months ended September 30, 2015:

	Shares			Weighted Average Grant Date Fair Value
Unvested Restricted Stock Awards - December 31, 2014		343,836		$	7.41
Shares awarded		633,079			6.81
Shares vested		(176,849	)		7.21
Shares cancelled		(19,701	)		7.77
Unvested Restricted Stock Awards - September 30, 2015		780,365		$	6.96

The intrinsic value of service-based restricted shares that vested during the three months ended September 30, 2015, and 2014, was $57 and $25, respectively. The intrinsic value of service-based restricted shares that vested during the nine months ended September 30, 2015, and 2014, was $1.4 million and $3.2 million, respectively.

At September 30, 2015, total unrecognized compensation expense related to restricted stock was approximately $3.6 million, net of forfeitures to be recognized through 2019 over a weighted average period of 1.5 years.

Restricted Stock Units – Service Based

The Company grants restricted stock units as employee incentives. Restricted stock units are primarily granted to foreign employees for long-term incentive purposes. Employee restricted stock units are service-based awards and are amortized over the vesting period. At the vesting date, these units are converted to shares of common stock. The Company records expense on a straight-line basis for restricted stock units.

The following table summarizes the restricted stock unit activity during the nine months ended September 30, 2015:

	Units			Weighted Average Grant Date Fair Value
Unvested Restricted Stock Units - December 31, 2014		4,600		$	7.47
Units awarded		4,350			7.49
Units vested		(2,475	)		7.00
Units cancelled		(1,750	)		7.91
Unvested Restricted Stock Units - September 30, 2015		4,725		$	7.47

The intrinsic value of service-based restricted stock units that vested and issued as shares during the nine months ended September 30, 2015 and 2014 was $20 and $27, respectively. No units vested during the three months ended September 30, 2015 and 2014.

As of September 30, 2015, the unrecognized compensation expense related to the unvested portion of the Company’s restricted stock units was approximately $22, to be recognized through 2019 over a weighted average period of 1.5 years.

Stock Options

The Company grants stock options to purchase common stock as long-term incentives. The Company issues stock options with exercise prices no less than the fair value of the Company’s stock on the grant date. Employee option grants are subject to installment vesting typically over a period of four years. Stock options may be exercised at any time prior to their expiration date or within ninety days of termination of employment, or such shorter time as may be provided in the related stock option agreement. Prior to July 2010, the Company primarily granted stock options with a ten-year life. Beginning with options granted in July 2010, the Company grants stock options with a seven-year life. During the three and nine months ended September 30, 2015, respectively, the Company awarded 1,500 and 20,500 stock options to eligible new employees. In addition, in March 2015, the Company awarded 130,000 stock options to former employees of Nexgen in connection with the acquisition of the Nexgen business.

A summary of the Company’s stock option activity for the nine months ended September 30, 2015 is as follows:

	Options			Weighted Average Exercise Price
Outstanding at December 31, 2014		1,357,928		$	7.81
Granted		150,500			8.00
Exercised		(35,134	)		7.25
Expired or Cancelled		(110,683	)		9.00
Forfeited		(72,820	)		7.76
Outstanding at September 30, 2015		1,289,791		$	7.74
Exercisable at September 30, 2015		796,046		$	7.96

There were no stock option exercises during the three months ended September 30, 2015. During the nine months ended September 30, 2015, the Company received proceeds of $0.3 million from the exercise of 35,134 options. The intrinsic value of these options exercised was $34. During the three months ended September 30, 2014, the Company received proceeds of $13 from the exercise of 1,894 options. The intrinsic value of these options exercised was $2. During the nine months ended September 30, 2014, the Company received proceeds of $0.3 million from the exercise of 41,841 options. The intrinsic value of these options exercised was $55.

The range of exercise prices for options outstanding and exercisable at September 30, 2015, was $5.50 to $11.00. The following table summarizes information about stock options outstanding under all stock option plans:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number Outstanding		Weighted Average Contractual Life (Years)		Weighted- Average Exercise Price		Number Exercisable		Weighted Average Exercise Price
$5.50  -    $6.00		4,879		4.97	$	5.75		3,124	$	5.63
6.01  -      6.50		16,267		3.54		6.23		12,722		6.23
6.51  -      7.00		38,491		2.59		6.85		35,688		6.86
7.01  -      7.50		793,096		4.43		7.18		427,814		7.17
7.51  -      8.00		27,750		5.04		7.79		11,791		7.82
8.01  -      8.50		127,195		5.21		8.17		27,935		8.45
8.51  -      9.00		32,478		1.15		8.76		28,986		8.76
9.01  -      9.50		188,085		0.98		9.19		187,511		9.19
9.51  -    10.00		20,650		2.37		9.64		19,575		9.64
10.01  -    11.00		40,900		0.72		10.64		40,900		10.64
$5.50  -  $11.00		1,289,791		3.72	$	7.74		796,046	$	7.96

The weighted average contractual life and intrinsic value at September 30, 2015, was the following:

	Weighted Average Contractual Life (years)		Intrinsic Value
Options Outstanding		3.72	$	1
Options Exercisable		2.93	$	1

The intrinsic value is based on the share price of $6.01 at September 30, 2015.

The Company calculated the fair value of each option grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions at September 30^th:

	September 30,
	2015			2014
Dividend yield		3.4	%		2.2	%
Risk-free interest rate		0.6	%		0.5	%
Expected volatility		34	%		34	%
Expected life (in years)		5.2			5.2

The fair value of each unvested option was estimated on the date of grant using the Black-Scholes option valuation model. The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options, which have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility and expected option life. Because the Company’s employee stock options have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, the existing models may not necessarily provide a reliable single measure of the fair value of the employee stock options.

The dividend yield rate was calculated by dividing the Company’s annual dividend by the closing price on the grant date. The risk-free interest rate was based on the U.S. Treasury yields with remaining term that approximates the expected life of the options granted. The Company calculates the volatility based on a five-year historical period of the Company’s stock price. The Company incorporates a forfeiture rate based on historical data in the expense calculation. The expected life used for options granted is based on historical data of employee exercise performance. The Company records expense based on the grading vesting method.

As of September 30, 2015, the unrecognized compensation expense related to the unvested portion of the Company’s stock options was approximately $0.4 million, net of estimated forfeitures to be recognized through 2019 over a weighted average period of 1.2 years.

Performance-based Equity Awards

In June 2015, the Company’s Board of Directors approved the 2015 Long-Term Incentive Plan (“2015 LTIP”). Under the 2015 LTIP, shares are earned by certain executive employees based upon achievement of revenue goals over a four-year period with a penalty if certain profit levels are not maintained. The four-year period is divided into two interim periods (each an “Interim Period”), the first of which will end on December 31, 2016, and the second of which will end on December 31, 2018. The number of shares that can be earned at threshold and target are 212,000 and 424,000, respectively. Stock compensation expense is amortized over the performance period for these awards based on estimated achievement of the goals. No expense was recorded for the 1^st Interim Period of the 2015 LTIP because the Company does not believe it will meet the revenue threshold for the year ended 2016.

In March 2014, the Company’s Board of Directors approved the 2014 Long-Term Incentive Plan (“2014 LTIP”) and the LTIP award agreements were completed in April 2014. Under the 2014 LTIP, shares are earned by certain executive employees based upon achievement of revenue goals over a four-year period with a penalty if certain profit levels are not maintained. The four-year period is divided into two interim periods (each an “Interim Period”), the first of which will end on December 31, 2015, and the second of which will end on December 31, 2017. The number of shares that can be earned at threshold and target are 190,000 and 380,000, respectively. Stock compensation expense is amortized over the performance period for these awards based on estimated achievement of the goals. The achievement period for one executive was modified from two years to one year. For the units that vested, shares were awarded with intrinsic value of $50 and the unvested units were cancelled. For the remaining units, no expense has been recorded for the 1^st Interim Period of the 2014 LTIP because the Company does not believe it will meet the revenue threshold for the year ended 2015.

The following summarizes the performance unit activity during the nine months ended September 30, 2015:

	Units			Weighted Average Grant Date Fair Value
Unvested Performance Units - December 31, 2014		380,000		$	8.47
Units awarded		424,000			7.49
Units vested		(6,202	)		8.47
Units cancelled		(33,798	)		8.04
Unvested Performance Units - September 30, 2015		764,000		$	7.95

Within a revised employment offer letter to Jigar Thakkar in May 2015, the Company offered Mr. Thakkar the opportunity to earn up to 50,000 shares of common stock-based on achieving revenue goals for 2016. Mr. Thakkar is the primary founder of Nexgen, and remained with the acquired business as the Company’s Vice President, Network Analytics. Under terms of the offer, 50% of the shares will vest on February 27, 2017 and 50% of the shares will vest on February 27, 2018 if Mr. Thakkar remains an employee of the Company on such dates. Stock compensation expense is amortized over the vesting period for these awards based on estimated achievement of the goals.

Employee Stock Purchase Plan (“ESPP”)

The ESPP enables eligible employees to purchase common stock at the lower of 85% of the fair market value of the common stock on the first or last day of each offering period. Each offering period is approximately six months. The Company received proceeds of $0.4 million from the issuance of 76,314 shares under the ESPP in August 2015 and received proceeds of $0.3 million from the issuance of 51,545 shares under the ESPP in August 2014.The Company received proceeds of $0.4 million from the issuance of 57,293 shares under the ESPP in February 2015 and received proceeds of $0.3 million from the issuance of 49,063 shares under the ESPP in February 2014.

Based on the 15% discount and the fair value of the option feature of this plan, this plan is considered compensatory. Compensation expense is calculated using the fair value of the employees’ purchase rights under the Black-Scholes model.

The Company calculated the fair value of each employee stock purchase grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions:

	September 30,
	2015			2014
Dividend yield		3.4	%		2.2	%
Risk-free interest rate		0.6	%		0.3	%
Expected volatility		34	%		38	%
Expected life (in years)		0.5			0.5

The dividend yield rate was calculated by dividing the Company’s annual dividend by the closing price on the grant date. The risk-free interest rate was based on the U.S. Treasury yields with a remaining term that approximates the expected life of the options granted. The dividend yield rate is calculated by dividing the Company’s annual dividend by the closing price on the grant date. The Company calculates the volatility based on a five-year historical period of the Company’s stock price. The expected life used is based on the offering period.

In June 2014, the Company’s shareholders approved an amended and restated ESPP. Under the restated ESPP, the number of shares authorized for issuance was increased by 750,000. In addition, the expiration date of the ESPP was modified from March 2017 to the date that all shares authorized have been granted.

Employee Withholding Taxes on Stock Awards

For ease in administering the issuance of stock awards, the Company holds back shares of vested restricted stock awards and short-term incentive plan stock awards for the value of the statutory withholding taxes. For each individual receiving a share award, the Company redeems the shares it computes as the value for the withholding tax and remits this amount to the appropriate tax authority. The Company paid $0.4 million and $1.0 million for withholding taxes related to stock awards during the nine months ended September 30, 2015 and 2014, respectively.

Stock Repurchases

All share repurchase programs are authorized by the Company’s Board of Directors and are announced publicly. On November 13, 2014, the Board of Directors approved a share repurchase program of up to 926,000 of the Company’s outstanding shares that will expire on the earlier of the date that the total shares are repurchased or November 13, 2016. On April 20, 2015, the Board of Directors authorized an increase to the share repurchase program to purchase another 500,000 shares of stock. Additionally, on August 10, 2015, the Board of Directors authorized another increase to the share repurchase program to purchase an additional 1,300,000 shares, for a total of 2,726,000 shares. The Company repurchased 1,113,934 shares at an average price of $6.18 during the three months ended September 30, 2015. The Company repurchased 1,494,019 shares at an average price of $6.49 during the nine months ended September 30, 2015. At September 30, 2015, the Company had 1,231,981 shares that could still be repurchased under these programs.

Amended and Restated Stock Plan

On June 10, 2015, the Company’s stockholders approved the amendment and restatement of the PCTEL, Inc. Stock Plan (previously known as the “1997 Stock Plan”) (the “Stock Plan”) to, among other things, increase the number of shares of common stock authorized for issuance under the Stock Plan. As amended and restated, the Stock Plan provides that the maximum aggregate number of shares with respect to which awards may be made under the Stock Plan after the effective date of the amendment and restatement is the sum of (i) 3,573,981 shares, plus (ii) any shares returned (or that would have otherwise been returned) to the Stock Plan on or after the date of approval of the amendment and restatement of the Stock Plan as a result of the Stock Plan’s lapsed share and share counting provisions, plus (iii) any remaining shares that would have been available for grant under the Stock Plan as of the effective date of the amendment and restatement.

At the time of the approval of the amendment and restatement of the Stock Plan by the Company’s stockholders, there were 2,058,769 shares of the Registrant’s Common Stock that had been previously registered under the prior Form S-8s and that were available for issuance under the Stock Plan. In addition, under the Stock Plan there were an aggregate of 316,740 unvested restricted shares outstanding and outstanding options to purchase 1,437,661 shares. Substantially all of the shares that remained available for grants under the Stock Plan had already been committed to awards under various incentive programs. Accordingly, the Company requested, and obtained, the approval of the stockholders to increase the number of shares available to enable the Company to continue making planned awards in 2015 and subsequent years.

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Stock-Based Compensation - Information about Stock Options Outstanding Under all Stock Plans (Detail)	9 Months Ended
	Sep. 30, 2015 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	$ 5.50
Upper range of exercise prices	$ 11.00
Options Outstanding, Number | shares	1,289,791
Options Outstanding, Weighted Average Contractual Life (Years)	3 years 8 months 19 days
Options Outstanding, Weighted Average Exercise Price	$ 7.74
Options Exercisable, Number | shares	796,046
Options Exercisable, Weighted Average Exercise Price	$ 7.96
Range One [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	5.50
Upper range of exercise prices	$ 6.00
Options Outstanding, Number | shares	4,879
Options Outstanding, Weighted Average Contractual Life (Years)	4 years 11 months 19 days
Options Outstanding, Weighted Average Exercise Price	$ 5.75
Options Exercisable, Number | shares	3,124
Options Exercisable, Weighted Average Exercise Price	$ 5.63
Range Two [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	6.01
Upper range of exercise prices	$ 6.50
Options Outstanding, Number | shares	16,267
Options Outstanding, Weighted Average Contractual Life (Years)	3 years 6 months 15 days
Options Outstanding, Weighted Average Exercise Price	$ 6.23
Options Exercisable, Number | shares	12,722
Options Exercisable, Weighted Average Exercise Price	$ 6.23
Range Three [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	6.51
Upper range of exercise prices	$ 7.00
Options Outstanding, Number | shares	38,491
Options Outstanding, Weighted Average Contractual Life (Years)	2 years 7 months 2 days
Options Outstanding, Weighted Average Exercise Price	$ 6.85
Options Exercisable, Number | shares	35,688
Options Exercisable, Weighted Average Exercise Price	$ 6.86
Range Four [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	7.01
Upper range of exercise prices	$ 7.50
Options Outstanding, Number | shares	793,096
Options Outstanding, Weighted Average Contractual Life (Years)	4 years 5 months 5 days
Options Outstanding, Weighted Average Exercise Price	$ 7.18
Options Exercisable, Number | shares	427,814
Options Exercisable, Weighted Average Exercise Price	$ 7.17
Range Five [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	7.51
Upper range of exercise prices	$ 8.00
Options Outstanding, Number | shares	27,750
Options Outstanding, Weighted Average Contractual Life (Years)	5 years 15 days
Options Outstanding, Weighted Average Exercise Price	$ 7.79
Options Exercisable, Number | shares	11,791
Options Exercisable, Weighted Average Exercise Price	$ 7.82
Range Six [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	8.01
Upper range of exercise prices	$ 8.50
Options Outstanding, Number | shares	127,195
Options Outstanding, Weighted Average Contractual Life (Years)	5 years 2 months 16 days
Options Outstanding, Weighted Average Exercise Price	$ 8.17
Options Exercisable, Number | shares	27,935
Options Exercisable, Weighted Average Exercise Price	$ 8.45
Range Seven [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	8.51
Upper range of exercise prices	$ 9.00
Options Outstanding, Number | shares	32,478
Options Outstanding, Weighted Average Contractual Life (Years)	1 year 1 month 24 days
Options Outstanding, Weighted Average Exercise Price	$ 8.76
Options Exercisable, Number | shares	28,986
Options Exercisable, Weighted Average Exercise Price	$ 8.76
Range Eight [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	9.01
Upper range of exercise prices	$ 9.50
Options Outstanding, Number | shares	188,085
Options Outstanding, Weighted Average Contractual Life (Years)	11 months 23 days
Options Outstanding, Weighted Average Exercise Price	$ 9.19
Options Exercisable, Number | shares	187,511
Options Exercisable, Weighted Average Exercise Price	$ 9.19
Range Nine [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	9.51
Upper range of exercise prices	$ 10.00
Options Outstanding, Number | shares	20,650
Options Outstanding, Weighted Average Contractual Life (Years)	2 years 4 months 13 days
Options Outstanding, Weighted Average Exercise Price	$ 9.64
Options Exercisable, Number | shares	19,575
Options Exercisable, Weighted Average Exercise Price	$ 9.64
Range Ten [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Lower range of exercise prices	10.01
Upper range of exercise prices	$ 11.00
Options Outstanding, Number | shares	40,900
Options Outstanding, Weighted Average Contractual Life (Years)	8 months 19 days
Options Outstanding, Weighted Average Exercise Price	$ 10.64
Options Exercisable, Number | shares	40,900
Options Exercisable, Weighted Average Exercise Price	$ 10.64

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Balance Sheet Information

9 Months Ended

Sep. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Information

6. Balance Sheet Information

Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable are recorded at invoiced amount with standard net terms that range between 30 and 90 days. The Company extends credit to its customers based on an evaluation of a customer’s financial condition and collateral is generally not required. The Company maintains an allowance for doubtful accounts for estimated uncollectible accounts receivable. The allowance is based on the Company’s assessment of known delinquent accounts, historical experience, and other currently available evidence of the collectability and the aging of accounts receivable. The Company’s allowance for doubtful accounts was $0.1 million at September 30, 2015 and at December 31, 2014. The provision for doubtful accounts is included in sales and marketing expense in the condensed consolidated statements of operations.

Inventories

Inventories are stated at the lower of cost or market and include material, labor and overhead costs using the first-in, first-out (“FIFO”) method of costing. Inventories as of September 30, 2015 and December 31, 2014 were composed of raw materials, sub-assemblies, finished goods and work-in-process. The Company had consigned inventory with customers of $0.7 million and $0.8 million at September 30, 2015 and December 31, 2014, respectively. The Company records allowances to reduce the value of inventory to the lower of cost or market, including allowances for excess and obsolete inventory. The allowance for inventory losses was $1.9 million at September 30, 2015 and $1.8 million at December 31, 2014.

Inventories consisted of the following:

	September 30, 2015		December 31, 2014
Raw materials	$	10,713	$	10,160
Work in process		1,108		915
Finished goods		5,366		5,283
Inventories, net	$	17,187	$	16,358

Prepaid and Other Current Assets

Prepaid assets are stated at cost and are amortized over the useful lives (up to one year) of the assets.

Property and Equipment

Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets. The Company depreciates computer equipment over three to five years, office equipment, manufacturing and test equipment, and motor vehicles over five years, furniture and fixtures over seven years, and buildings over 30 years. Leasehold improvements are amortized over the shorter of the corresponding lease term or useful life. Depreciation expense and gains and losses on the disposal of property and equipment are included in cost of sales and operating expenses in the condensed consolidated statements of operations. Maintenance and repairs are expensed as incurred.

Property and equipment consisted of the following:

	September 30, 2015			December 31, 2014
Building	$	6,231		$	6,229
Computers and office equipment		10,816			10,435
Manufacturing and test equipment		12,720			11,880
Furniture and fixtures		1,275			1,214
Leasehold improvements		875			909
Motor vehicles		42			117
Total property and equipment		31,959			30,784
Less: Accumulated depreciation and amortization		(19,687	)		(17,712	)
Land		1,770			1,770
Property and equipment, net	$	14,042		$	14,842

Depreciation and amortization expense was approximately $0.8 million and $0.7 million for the three months ended September 30, 2015 and 2014, respectively, and $2.3 million and $2.1 million for the nine months ended September 30, 2015 and 2014, respectively. Amortization for capital leases is included in depreciation and amortization expense. See Note 10 for information related to capital leases.

Liabilities

Accrued liabilities consisted of the following:

	September 30,		December 31,
	2015		2014
Inventory receipts	$	1,626	$	2,471
Paid time off		1,338		1,247
Payroll, bonuses, and other employee benefits		991		1,539
Due to Nexgen Parties - working capital adjustment		840		0
Professional fees and contractors		403		223
Warranties		381		304
Deferred revenues		218		1,262
Real estate taxes		121		181
Income and sales taxes		157		266
Employee stock purchase plan		97		314
Executive deferred compensation		0		2,043
Other		258		361
Total	$	6,430	$	10,211

Long-term liabilities consist of the following:

	September 30,		December 31,
	2015		2014
Due to Nexgen Parties - contingent consideration	$	500	$	0
Deferred rent		263		258
Long-term obligations under capital leases		128		135
Deferred revenues		39		55
	$	930	$	448

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Acquisitions

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Acquisitions

7. Acquisitions

Business combinations are accounted for using the acquisition method of accounting. In general, the acquisition method requires acquisition-date fair value measurement of identifiable assets acquired, liabilities assumed, and non-controlling interests in the acquiree. The measurement requirements result in the recognition of the full amount of acquisition-date goodwill, which includes amounts attributable to non-controlling interests. Neither the direct costs incurred to effect a business combination nor the costs the acquirer expects to incur under a plan to restructure an acquired business may be included as part of the business combination accounting. As a result, those costs are charged to expense when incurred, except for debt or equity issuance costs, which are accounted for in accordance with other generally accepted accounting principles.

Acquisition of Nexgen Wireless, Inc.

On February 27, 2015, the Company acquired substantially all of the assets of, and assumed certain specified liabilities of, Nexgen Wireless, Inc., an Illinois corporation (“Nexgen”), pursuant to an Asset Purchase Agreement dated as of February 27, 2015 (the “Nexgen APA”) among PCTEL, Inc., Nexgen, PCTEL, Nexgen, Bhumika Thakkar 2012 Irrevocable Trust Number One, Bhumika Thakkar 2012 Irrevocable Trust Number Two, and Jigar Thakkar (collectively, such trusts and Mr. Thakkar are the “Nexgen Shareholders”), and Bhumika Thakkar (collectively with Nexgen and the Nexgen Shareholders, the “Nexgen Parties”).

The business of Nexgen is based in Schaumburg, Illinois. Nexgen provides Meridian™, a network analysis tool portfolio, and engineering services. Nexgen’s Meridian software product portfolio translates real-time network performance data into engineering actions to optimize operator performance. Meridian, with its modules of Network IQ™, Subscriber IQ™, and Map IQ™, supports crowd-based, cloud-based data analysis to enhance network performance. Nexgen provides performance engineering, specialized staffing, and trend analysis for carriers, infrastructure vendors, and neutral hosts for 2G, 3G, 4G, and LTE networks.

The provisional purchase consideration for Nexgen was $21.4 million, consisting of $18.25 million in cash paid at closing, $2.25 million held in escrow, an estimated $0.8 million excess working capital true up to be paid in cash, and a contingency payment that was provisionally calculated with a fair value of $0.1 million. The contingent payment was dependent on the achievement of revenue-based goals pertaining to the acquired business for the period commencing on March 1, 2015 and ending on April 30, 2016. The cash consideration paid was provided from the Company’s existing cash. The assets acquired consisted primarily of customer relationships, intellectual property (including trade names), working capital (accounts receivable, work in process, accounts payable and accrued liabilities), and fixed assets. The Nexgen Parties are bound by non-competition covenants under the Nexgen APA, which generally expire on February 27, 2019. The Company calculates the fair value of the assets acquired by using a blended analysis of the present value of future discounted cash flows and the market approach of valuation. The intangible assets recorded have a weighted average amortization period of 5.0 years.

As previously reported in the Company’s Current Report on Form 8-K filed with the SEC on April 14, 2015, on April 7, 2015, Samsung Electronics America, Inc., as successor in interest to Samsung Telecommunications America, LLC (“Samsung”), provided Nexgen and the Company with a final notice of Samsung’s election to terminate, effective April 30, 2015, the Contractor Services Agreement, dated May 2, 2012 (the “CSA”), by and between Samsung and Nexgen. On May 5, 2015, the Company and the Nexgen Parties entered into an Amendment to Asset Purchase Agreement (the “Nexgen APA Amendment”) with the following principal terms: (a) Nexgen agreed to transfer to the Company previously excluded accounts receivable with an aggregate value of $0.8 million; (b) the aggregate amount potentially payable to the Nexgen Parties as contingent earnout consideration was reduced from $2.0 million to $1.0 million; (c) the Company waived its right to seek additional indemnification from the Nexgen Parties for matters specified therein; (d) the parties directed that $2.25 million in escrowed funds potentially payable to the Nexgen Parties pursuant to the Nexgen APA be released to the Company; (e) Mr. Thakkar relinquished a portion of the equity awards previously granted to him; (f) the Company released various potential claims against Nexgen and the Nexgen Parties with respect to the termination of the CSA and related matters; and (g) the parties agreed that the Nexgen Parties would be eligible for potential additional consideration if the acquired business achieves performance metrics set forth therein. The additional consideration is dependent on the achievement of revenue-based goals pertaining to the acquired business for the period commencing on January 1, 2016 and ending on December 31, 2016. The amendment terms were accounted for consistent with accounting for legal settlements, as there is not a clear and direct link between the settlement and the acquisition price. During June 2015, the Company received the cash from the escrow fund and the previously excluded accounts receivable. These amounts are recorded in Other Income, net in the condensed consolidated statements of operations. At June 30, 2015, the Company estimated the liability for the contingent earnout consideration at $1.0 million. At September 30, 2015, the Company revised the liability for the contingent earnout consideration at $0.5 million due to revised revenue projections for 2016. The adjustment of $0.9 million from the original liability recorded for the contingent consideration was recorded as an expense in Other Income, net in the condensed consolidated statement of operations.

Approximately 78% of Nexgen’s revenue was related to the U.S. Sprint cellular network, contracted either with Samsung or Sprint directly. During due diligence, the Company modeled a likely range of future revenue and cash flow based on the high degree of customer concentration risk. While the terminated CSA represented a material portion of that revenue, the resulting total future revenue and cash flow remained within the lower range of the forecast model. The Company utilized the lower end of the forecast range in evaluating the fair value of the acquired assets. At September 30, 2015, the valuation yielded provisional goodwill of $3.3 million, of which $1.5 million is related to the assembled workforce. The goodwill is deductible for tax purposes. Based on revisions to the Nexgen valuation, goodwill was lowered by $0.6 million and customer relationships was increased by $0.6 million during the third quarter 2015.

The purchase accounting related to the valuation of certain tangible and intangible assets was still in process at September 30, 2015. The purchase accounting is expected to be completed by the quarter ended December 31, 2015. The following is the provisional allocation of the purchase price for the assets from Nexgen at the date of the acquisition as of September 30, 2015:

Tangible assets:
Accounts receivable	$	5,358
Prepaid and other assets		49
Deferred cost of sales		24
Fixed assets		43
Total tangible assets		5,474
Intangible assets:
Customer relationships		8,117
Trade names		972
Technology		3,332
Backlog		162
Non-compete		583
Goodwill		3,332
Total intangible assets		16,498
Total assets		21,972
Accounts payable		200
Accrued liabilities		341
Total liabilities		541
Net assets acquired	$	21,431

A reconciliation of the assets acquired with the cash paid at closing is as follows:

Net assets acquired	$	21,431
Due Nexgen - contingent liability		(91	)
Due Nexgen - working capital adjustment		(840	)
Cash paid at closing	$	20,500

The Company does not have any material relationship with Mr. Thakkar and the other Nexgen Parties other than in respect of the Nexgen APA, the Nexgen APA Amendment, the transactions provided for therein, and Mr. Thakkar’s post-acquisition role as the Company’s Vice President and Chief Technology Officer, Network Analytics.

The Company assumed Nexgen’s existing lease for Nexgen’s offices in Schaumburg, Illinois and is currently operating the acquired business from that location. All of the Nexgen assets and employees were immediately integrated into the Network Engineering Services reporting unit within the RF Solutions segment. The Company recognizes revenue for the engineering services under the completed performance method. For specialized staffing, the Company recognizes revenue as services are provided to the customer.

Revenues for Nexgen were $23.8 million for the year ended December 31, 2014. The Company’s results for the nine months ended September 30, 2015 include the operating results for March through September 2015 for the business acquired from Nexgen. The following pro forma financial information gives effect to the acquisition of the Nexgen business as if the acquisition had taken place on January 1, 2014. The pro forma financial information for Nexgen was derived from the unaudited historical accounting records of Nexgen.

	(unaudited) Three Months Ended September 30, 2015			(unaudited) Three Months Ended September 30, 2014		(unaudited) Nine Months Ended September 30, 2015			(unaudited) Nine Months Ended September 30, 2014
REVENUES	$	26,526		$	33,155	$	83,435		$	95,508
NET INCOME	($	1,062	)	$	2,680	($	719	)	$	4,464
NET INCOME PER SHARE	($	0.06	)	$	0.15	($	0.04	)	$	0.24

The pro forma results include adjustments for intangible amortization of $0.6 million for the three months ended September 30, 2014 and $0.4 million and $2.0 million for the nine months ended September 30, 2015 and 2014, respectively. The pro forma information is presented for illustrative purposes only and may not be indicative of the results that would have been obtained had the acquisition actually occurred on January 1, 2014, nor is it necessarily indicative of the Company’s future consolidated results of operations or financial position.

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Benefit Plans

9 Months Ended

Sep. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Benefit Plans

9. Benefit Plans

Employee Benefit Plans

The Company’s 401(k) plan covers all full-time U.S. employees beginning the first of the month following the month they begin their employment. Under this plan, employees may elect to contribute up to 15% of their current compensation to the 401(k) plan, up to the statutorily prescribed annual limit. The Company may make discretionary contributions to the 401(k) plan. The Company also contributes to various retirement plans for foreign employees.

The Company’s contributions to retirement plans were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
PCTEL, Inc. 401(k) Profit sharing Plan - US employees	$	195	$	154	$	575	$	503
Defined contribution plans - foreign employees		87		84		248		245
Total	$	282	$	238	$	823	$	748

Executive Deferred Compensation Plan

Through December 2013, the Company provided an Executive Deferred Compensation Plan (“EDCP”) for executive officers, senior managers and directors. The Company funded the obligation related to the EDCP with corporate-owned life insurance policies. In November 2012, the Company’s Board of Directors authorized the termination of the EDCP and on December 27, 2013, the plan was terminated. The funds at the life insurance company were remitted to the Company and subsequently invested by the Company to fund the obligation.

At December 31, 2014, the value of the Company’s investment account to fund EDCP obligations was $2.1 million, included in cash equivalents and short-term investments and the deferred compensation obligation was $2.0 million, included in accrued liabilities in the consolidated balance sheets. In January 2015, the Company paid out the full amount of the obligation of $2.0 million to the participants.

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Stock-Based Compensation - Summary of Performance Share Activity (Detail) - Performance Units [Member]	9 Months Ended
	Sep. 30, 2015 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Shares | shares	380,000
Units awarded, Shares | shares	424,000
Units vested, Shares | shares	(6,202)
Units cancelled, Shares | shares	(33,798)
Ending balance, Shares | shares	764,000
Beginning balance, Weighted Average Grant Date Fair Value	$ 8.47
Units awarded, Weighted Average Grant Date Fair Value	7.49
Units vested, Weighted Average Grant Date Fair Value	8.47
Units cancelled, Weighted Average Grant Date Fair Value	8.04
Ending balance, Weighted Average Grant Date Fair Value	$ 7.95

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Stock-Based Compensation - Calculation of Fair Value of Each Employee Stock Purchase Grant Using the Black-Scholes Option-Pricing Model (Detail) - Employee Stock Purchase Plan ("ESPP") [Member]	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Calculation of fair value of each employee stock purchase grant using the Black-Scholes option-pricing model
Dividend yield	3.40%	2.20%
Risk-free interest rate	0.60%	0.30%
Expected volatility	34.00%	38.00%
Expected life (in years)	6 months	6 months

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Stock-Based Compensation - Performance-based Equity Awards - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	May. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense		$ 700,000	$ 700,000	$ 1,400,000	$ 2,600,000
Vice President [Member] | Nexgen Wireless, Inc. [Member] | Vest on February 27, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of vesting right	50.00%
Vice President [Member] | Nexgen Wireless, Inc. [Member] | Vest on February 27, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of vesting right	50.00%
2014 LTIP - One-year Revenue Goals [Member] | Performance Based Equity Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense				0
Aggregate intrinsic value of shares vested				50,000
2015 Long-Term Incentive Plan [Member] | Performance Based Equity Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense				$ 0
Minimum [Member] | 2014 LTIP - One-year Revenue Goals [Member] | Performance Based Equity Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares earned		190,000		190,000
Minimum [Member] | 2015 Long-Term Incentive Plan [Member] | Performance Based Equity Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares earned		212,000		212,000
Maximum [Member] | Vice President [Member] | Nexgen Wireless, Inc. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant	50,000
Maximum [Member] | 2014 LTIP - One-year Revenue Goals [Member] | Performance Based Equity Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares earned		380,000		380,000
Maximum [Member] | 2015 Long-Term Incentive Plan [Member] | Performance Based Equity Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares earned		424,000		424,000

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Earnings per Share - Computation of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Earnings Per Share [Abstract]
Antidilutive shares excluded	183,000	369,000

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Acquisitions - Pro Forma Financial Information for Nexgen (Detail) - Nexgen Wireless, Inc. [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
REVENUES	$ 26,526	$ 33,155	$ 83,435	$ 95,508
NET INCOME	$ (1,062)	$ 2,680	$ (719)	$ 4,464
NET INCOME PER SHARE	$ (0.06)	$ 0.15	$ (0.04)	$ 0.24

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Subsequent Events

9 Months Ended

Sep. 30, 2015

Subsequent Events [Abstract]

Subsequent Events

14. Subsequent Events

The Company evaluates subsequent events occurring between the most recent balance sheet date and the date that the financial statements are available to be issued in order to determine whether the subsequent events are to be recorded and/or disclosed in the Company’s financial statements and footnotes. The financial statements are considered to be available to be issued at the time that they are filed with the SEC. Except as described below, there were no other subsequent events or transactions that required recognition or disclosure in the consolidated financial statements.

On November 3^rd, 2015, the Company eliminated the positions of 22 U.S. employees for Connected Solutions. The Company will incur restructuring charges of approximately $0.6 million related to severance and employee benefits for these headcount eliminations during the quarter ended December 31, 2015.

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Balance Sheet Information (Tables)

9 Months Ended

Sep. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Inventories

Inventories consisted of the following:

	September 30, 2015		December 31, 2014
Raw materials	$	10,713	$	10,160
Work in process		1,108		915
Finished goods		5,366		5,283
Inventories, net	$	17,187	$	16,358

Summary of Property and Equipment

Property and equipment consisted of the following:

	September 30, 2015			December 31, 2014
Building	$	6,231		$	6,229
Computers and office equipment		10,816			10,435
Manufacturing and test equipment		12,720			11,880
Furniture and fixtures		1,275			1,214
Leasehold improvements		875			909
Motor vehicles		42			117
Total property and equipment		31,959			30,784
Less: Accumulated depreciation and amortization		(19,687	)		(17,712	)
Land		1,770			1,770
Property and equipment, net	$	14,042		$	14,842

Summary of Accrued Liabilities

Accrued liabilities consisted of the following:

	September 30,		December 31,
	2015		2014
Inventory receipts	$	1,626	$	2,471
Paid time off		1,338		1,247
Payroll, bonuses, and other employee benefits		991		1,539
Due to Nexgen Parties - working capital adjustment		840		0
Professional fees and contractors		403		223
Warranties		381		304
Deferred revenues		218		1,262
Real estate taxes		121		181
Income and sales taxes		157		266
Employee stock purchase plan		97		314
Executive deferred compensation		0		2,043
Other		258		361
Total	$	6,430	$	10,211

Summary of Long-term Liabilities

Long-term liabilities consist of the following:

	September 30,		December 31,
	2015		2014
Due to Nexgen Parties - contingent consideration	$	500	$	0
Deferred rent		263		258
Long-term obligations under capital leases		128		135
Deferred revenues		39		55
	$	930	$	448

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Acquisitions - Provisional Allocation of Purchase Price for Assets from Date of Acquisition (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Business Acquisition Purchase Price Allocation [Line Items]
Purchase price allocation, Goodwill	$ 3,493	$ 161
Purchase price allocation, Assets and Liabilities Assumed, Net	21,431
Nexgen Wireless, Inc. [Member]
Business Acquisition Purchase Price Allocation [Line Items]
Purchase price allocation, Accounts receivable	5,358
Purchase price allocation, Prepaid and other assets	49
Purchase price allocation, Deferred cost of sales	24
Purchase price allocation, Fixed assets	43
Purchase price allocation, Goodwill	3,332
Purchase price allocation, Total intangible assets	16,498
Purchase price allocation, Assets	21,972
Purchase price allocation, Accounts payable	200
Purchase price allocation, Accrued liabilities	341
Purchase price allocation, Liabilities	541
Purchase price allocation, Assets and Liabilities Assumed, Net	21,431
Nexgen Wireless, Inc. [Member] | Tangible Assets [Member]
Business Acquisition Purchase Price Allocation [Line Items]
Purchase price allocation, Assets	5,474
Nexgen Wireless, Inc. [Member] | Customer Relationships [Member]
Business Acquisition Purchase Price Allocation [Line Items]
Purchase price allocation, Intangible assets	8,117
Nexgen Wireless, Inc. [Member] | Trade Names [Member]
Business Acquisition Purchase Price Allocation [Line Items]
Purchase price allocation, Intangible assets	972
Nexgen Wireless, Inc. [Member] | Technology [Member]
Business Acquisition Purchase Price Allocation [Line Items]
Purchase price allocation, Intangible assets	3,332
Nexgen Wireless, Inc. [Member] | Backlog [Member]
Business Acquisition Purchase Price Allocation [Line Items]
Purchase price allocation, Intangible assets	162
Nexgen Wireless, Inc. [Member] | Non-Compete [Member]
Business Acquisition Purchase Price Allocation [Line Items]
Purchase price allocation, Intangible assets	$ 583

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Goodwill and Intangible Assets - Summary of Assigned Lives and Weighted Average Amortization Periods by Intangible Asset Category (Detail)	9 Months Ended
	Sep. 30, 2015
Customer Contracts and Relationships [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Weighted Average Amortization Period	5 years
Patents and Technology [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Weighted Average Amortization Period	4 years 6 months
Trademarks and Trade Names [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Weighted Average Amortization Period	4 years 8 months 12 days
Other [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Weighted Average Amortization Period	4 years 4 months 24 days
Minimum [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Assigned Life	1 year
Minimum [Member] | Customer Contracts and Relationships [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Assigned Life	4 years
Minimum [Member] | Patents and Technology [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Assigned Life	3 years
Minimum [Member] | Trademarks and Trade Names [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Assigned Life	3 years
Minimum [Member] | Other [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Assigned Life	1 year
Maximum [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Assigned Life	8 years
Maximum [Member] | Customer Contracts and Relationships [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Assigned Life	6 years
Maximum [Member] | Patents and Technology [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Assigned Life	6 years
Maximum [Member] | Trademarks and Trade Names [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Assigned Life	8 years
Maximum [Member] | Other [Member]
Summary of assigned lives and weighted average amortization periods by intangible asset category
Assigned Life	6 years

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Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,062)	$ 2,218	$ (748)	$ 2,617
OTHER COMPREHENSIVE INCOME (LOSS):
Foreign currency translation adjustments	(82)	12	(76)	(33)
COMPREHENSIVE INCOME (LOSS)	$ (1,144)	$ 2,230	$ (824)	$ 2,584

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Earnings per Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings per Share

3. Earnings per Share

The following table is the computation of basic and diluted earnings per share:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015			2014
Basic Earnings Per Share computation:
Numerator:
Net income (loss)	($	1,062	)	$	2,218	($	748	)	$	2,617
Denominator:
Common shares outstanding		17,626			18,112		18,059			18,155
Earnings per common share - basic
Net income (loss)	($	0.06	)	$	0.12	($	0.04	)	$	0.14
Diluted Earnings Per Share computation:
Denominator:
Common shares outstanding		17,626			18,112		18,059			18,155
Restricted shares subject to vesting		*			88		*			110
Performance shares subject to vesting		*			62		*			69
Common stock option grants		*			9		*			12
Total shares		17,626			18,271		18,059			18,346
Earnings per common share - diluted
Net income (loss)	($	0.06	)	$	0.12	($	0.04	)	$	0.14

* As denoted by “*” in the table above, weighted average common stock option grants and restricted shares of 183,000 and 369,000 were excluded from the calculations of diluted net loss per share for the three months and nine months ended September 30, 2015, respectively, since their effects are anti-dilutive.

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Stock-Based Compensation - Stock Options - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended		9 Months Ended
	Mar. 31, 2015	Jul. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Lower range of exercise prices					$ 5.50
Upper range of exercise prices					11.00
Intrinsic value based on share price			$ 6.01		$ 6.01
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock options vesting provisions, description					Employee options contain installment vesting typically over a period of four years.
Options vested in remaining period					4 years
Period of termination of employment					90 days
Stock options granted period		10 years			7 years
Stock options awarded	130,000		1,500		20,500
Options exercised			0	1,894	35,134	41,841
Proceeds from options exercised				$ 13	$ 300	$ 300
Intrinsic value				$ 2	$ 34	$ 55
Lower range of exercise prices					$ 5.50
Upper range of exercise prices					$ 11.00
Period of expected life, options granted					5 years
Weighted average period					1 year 2 months 12 days
Unrecognized compensation expense			$ 400		$ 400

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Segment, Customer and Geographic Information - Customer Accounted Revenues (Detail) - Sales [Member] - Geographic Concentration Risk [Member]	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Sales	9.00%	11.00%	9.00%	11.00%
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Sales	7.00%	7.00%	9.00%	9.00%
Other Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Sales	7.00%	7.00%	6.00%	6.00%
Total Foreign Sales [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Sales	23.00%	25.00%	24.00%	26.00%

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Stock-Based Compensation - Amended and Restated Stock Plan - Additional Information (Detail)	Jun. 10, 2015 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, options outstanding, number	1,437,661
Amended and Restated Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in number of shares authorized to issue	3,573,981
Number of shares available for grant	2,058,769
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested restricted shares outstanding	316,740

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Acquisitions (Tables) - Nexgen Wireless, Inc. [Member]

9 Months Ended

Sep. 30, 2015

Provisional Allocation of Purchase Price for Assets from Date of Acquisition

The following is the provisional allocation of the purchase price for the assets from Nexgen at the date of the acquisition as of September 30, 2015:

Tangible assets:
Accounts receivable	$	5,358
Prepaid and other assets		49
Deferred cost of sales		24
Fixed assets		43
Total tangible assets		5,474
Intangible assets:
Customer relationships		8,117
Trade names		972
Technology		3,332
Backlog		162
Non-compete		583
Goodwill		3,332
Total intangible assets		16,498
Total assets		21,972
Accounts payable		200
Accrued liabilities		341
Total liabilities		541
Net assets acquired	$	21,431

Reconciliation of Assets Acquired with Cash Paid at Closing

A reconciliation of the assets acquired with the cash paid at closing is as follows:

Net assets acquired	$	21,431
Due Nexgen - contingent liability		(91	)
Due Nexgen - working capital adjustment		(840	)
Cash paid at closing	$	20,500

Pro Forma Financial Information for Nexgen

The following pro forma financial information gives effect to the acquisition of the Nexgen business as if the acquisition had taken place on January 1, 2014. The pro forma financial information for Nexgen was derived from the unaudited historical accounting records of Nexgen.

	(unaudited) Three Months Ended September 30, 2015			(unaudited) Three Months Ended September 30, 2014		(unaudited) Nine Months Ended September 30, 2015			(unaudited) Nine Months Ended September 30, 2014
REVENUES	$	26,526		$	33,155	$	83,435		$	95,508
NET INCOME	($	1,062	)	$	2,680	($	719	)	$	4,464
NET INCOME PER SHARE	($	0.06	)	$	0.15	($	0.04	)	$	0.24

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Commitments and Contingencies - Summary of Capital Leases for Office and Manufacturing Equipment (Detail) - Office and Manufacturing Equipment [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Capital Leased Assets [Line Items]
Cost	$ 219	$ 189
Accumulated Depreciation	(46)	(16)
Net Book Value	$ 173	$ 173

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Goodwill and Intangible Assets - Schedule of Goodwill (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($)
Intangible Liability Disclosure [Abstract]
Beginning balance	$ 161
Goodwill related to acquisition of Nexgen business	3,332
Ending balance	$ 3,493

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Related Parties

9 Months Ended

Sep. 30, 2015

Related Party Transactions [Abstract]

Related Parties

13. Related Parties

The Company leased its Pryor, Oklahoma facility from American Tradition Custom Steel LLC, of which Mr. Aaron Jarvis is a member. Mr. Jarvis was the operations manager for the Company’s mobile tower business. Mr. Jarvis was separated from employment with the Company in September 2015, and the lease terminated on October 31^st, 2015. Effective October, 2015, Mr. Jarvis provides warranty support as a contractor for the mobile towers product line.