2. Significant Events and Transactions	9 Months Ended
Sep. 30, 2016
Notes to Financial Statements
NOTE 2 - Significant Events and Transactions	In September 2015, the Company received awards under the U.S. Department of Homeland Security (“DHS“) Tactical Communications Contract totaling approximately $26.2 million for portable radios, repeaters, accessories and service. The awards were for a base term of one-year that commenced on September 28, 2015 with four one-year options. The first option year was partially exercised immediately, and the remainder of the first option year was exercised in June 2016. Approximately $15.5 million, or almost 60% of the total amount, was specified in delivery orders. Shipments under the delivery orders totaled approximately $4.6 million and $14.0 million for the three and nine months ended September 30, 2016. The contract term has been extended for one additional year to September 27, 2017, but the exercise, if any, of the remaining option years, is not specified or guaranteed. In February 2016, the Company received an additional order from the TSA totaling $4.2 million for accessories. Shipments for this order totaled approximately $1.0 million and $4.2 million for the three and nine months ended September 30, 2016. This order was fulfilled as of September 30, 2016. In May 2016, the Company announced and began implementing a capital return program that included a stock repurchase program and a quarterly dividend. Under the program, the Company’s Board of Directors approved the repurchase of up to 500,000 shares of the Company's common stock, from time to time, pursuant to a stock repurchase plan in conformity with the provisions of Rule 10b5-1 and Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended. The repurchase program has no termination date. Please refer to Part II, Item 2 of this report for additional details. Pursuant to the program, the Company’s Board of Directors approved two quarterly dividends of $0.09 per share of the Company's common stock, one of which was paid on June 17, 2016 to shareholders of record as of June 1, 2016, and the other of which was paid on September 16, 2016 to shareholders of record as of September 1, 2016.

2. Significant Events and Transactions

9 Months Ended

Sep. 30, 2016

NOTE 2 - Significant Events and Transactions

In September 2015, the Company received awards under the U.S. Department of Homeland Security (“DHS“) Tactical Communications Contract totaling approximately $26.2 million for portable radios, repeaters, accessories and service. The awards were for a base term of one-year that commenced on September 28, 2015 with four one-year options. The first option year was partially exercised immediately, and the remainder of the first option year was exercised in June 2016. Approximately $15.5 million, or almost 60% of the total amount, was specified in delivery orders. Shipments under the delivery orders totaled approximately $4.6 million and $14.0 million for the three and nine months ended September 30, 2016. The contract term has been extended for one additional year to September 27, 2017, but the exercise, if any, of the remaining option years, is not specified or guaranteed.

In February 2016, the Company received an additional order from the TSA totaling $4.2 million for accessories. Shipments for this order totaled approximately $1.0 million and $4.2 million for the three and nine months ended September 30, 2016. This order was fulfilled as of September 30, 2016.

In May 2016, the Company announced and began implementing a capital return program that included a stock repurchase program and a quarterly dividend. Under the program, the Company’s Board of Directors approved the repurchase of up to 500,000 shares of the Company's common stock, from time to time, pursuant to a stock repurchase plan in conformity with the provisions of Rule 10b5-1 and Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended. The repurchase program has no termination date. Please refer to Part II, Item 2 of this report for additional details. Pursuant to the program, the Company’s Board of Directors approved two quarterly dividends of $0.09 per share of the Company's common stock, one of which was paid on June 17, 2016 to shareholders of record as of June 1, 2016, and the other of which was paid on September 16, 2016 to shareholders of record as of September 1, 2016.