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Segment, Customer and Geographic Information (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Result of Operations by Segments

The following tables are the segment operating profits and cash flow information for the three months ended March 31, 2017 and 2016, respectively, and the segment balance sheet information as of March 31, 2017 and December 31, 2016:

 

 

 

Three Months Ended March 31, 2017

 

 

 

Connected Solutions

 

 

RF Solutions

 

 

Corporate

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REVENUES

 

$

17,271

 

 

$

7,765

 

 

$

(57

)

 

$

24,979

 

GROSS PROFIT

 

 

5,403

 

 

 

3,906

 

 

 

6

 

 

 

9,315

 

OPERATING INCOME (LOSS)

 

$

1,744

 

 

$

709

 

 

$

(2,746

)

 

$

(293

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

426

 

 

$

247

 

 

$

61

 

 

$

734

 

Intangible amortization

 

$

39

 

 

$

251

 

 

$

0

 

 

$

290

 

Capital expenditures

 

$

318

 

 

$

56

 

 

$

679

 

 

$

1,053

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2016

 

 

 

Connected Solutions

 

 

RF Solutions

 

 

Corporate

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REVENUES

 

$

14,699

 

 

$

6,435

 

 

$

(60

)

 

$

21,074

 

GROSS PROFIT

 

$

4,324

 

 

$

2,730

 

 

$

(3

)

 

$

7,051

 

OPERATING INCOME (LOSS)

 

$

1,305

 

 

$

(1,527

)

 

$

(2,531

)

 

$

(2,753

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

$

426

 

 

$

305

 

 

$

61

 

 

$

792

 

Intangible amortization

 

$

70

 

 

$

699

 

 

$

0

 

 

$

769

 

Capital expenditures

 

$

579

 

 

$

89

 

 

$

31

 

 

$

699

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets by Segment

The following tables are the segment operating profits and cash flow information for the three months ended March 31, 2017 and 2016, respectively, and the segment balance sheet information as of March 31, 2017 and December 31, 2016:

 

 

 

As of March 31, 2017

 

 

 

Connected Solutions

 

 

RF Solutions

 

 

Corporate

 

 

Total

 

Accounts receivable

 

$

12,513

 

 

$

5,834

 

 

$

0

 

 

$

18,347

 

Inventories

 

$

10,834

 

 

$

1,858

 

 

$

0

 

 

$

12,692

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

$

9,699

 

 

$

2,016

 

 

$

1,344

 

 

$

13,059

 

Goodwill

 

$

0

 

 

$

3,332

 

 

$

0

 

 

$

3,332

 

Intangible assets, net

 

$

195

 

 

$

2,790

 

 

$

0

 

 

$

2,985

 

Deferred tax assets, net

 

$

0

 

 

$

0

 

 

$

5,399

 

 

$

5,399

 

Other noncurrent assets

 

$

0

 

 

$

0

 

 

$

35

 

 

$

35

 

 

 

 

As of December 31, 2016

 

 

 

Connected Solutions

 

 

RF Solutions

 

 

Corporate

 

 

Total

 

Accounts receivable

 

$

12,731

 

 

$

6,370

 

 

$

0

 

 

$

19,101

 

Inventories

 

$

12,301

 

 

$

2,141

 

 

$

0

 

 

$

14,442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

$

9,756

 

 

$

2,122

 

 

$

731

 

 

$

12,609

 

Goodwill

 

$

0

 

 

$

3,332

 

 

$

0

 

 

$

3,332

 

Intangible assets, net

 

$

233

 

 

$

3,042

 

 

$

0

 

 

$

3,275

 

Deferred tax assets, net

 

$

0

 

 

$

0

 

 

$

4,512

 

 

$

4,512

 

Other noncurrent assets

 

$

0

 

 

$

0

 

 

$

36

 

 

$

36

 

 

Revenues Attributable to Products and Services

The Company’s revenues attributable to products and services are as follows:

 

 

 

Three Months Ended March 31,

 

 

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Products

 

$

22,970

 

 

$

19,183

 

 

Services

 

 

2,009

 

 

 

1,891

 

 

Total revenues

 

$

24,979

 

 

$

21,074

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

 

2017

 

 

2016

 

 

Cost of revenues:

 

 

 

 

 

 

 

 

 

Products

 

$

13,516

 

 

$

11,724

 

 

Services

 

 

2,148

 

 

 

2,299

 

 

Total cost of revenues

 

$

15,664

 

 

$

14,023

 

 

 

Customer Accounted Revenues by Geographic Location

 

The Company’s revenue to customers by geographic location, as a percent of total revenues, is as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

Region

 

2017

 

 

2016

 

Asia Pacific

 

 

22

%

 

 

18

%

Europe, Middle East, & Africa

 

 

6

%

 

 

11

%

Other Americas

 

 

4

%

 

 

7

%

Total Foreign sales

 

 

32

%

 

 

36

%