Business Segment Information

9 Months Ended

Dec. 31, 2015

Business Segment Information

Business Segment Information

10.Business Segment Information

We currently operate in three reportable segments: Roadway Sensors, Transportation Systems and Performance Analytics.

The Roadway Sensors segment provides hardware and software products to multiple segments of the ITS market. These various vehicle detection and information systems are used for traffic intersection control, incident detection and roadway traffic data collection applications. These include, among other products, our Vantage, VantageNext, VersiCam, Vantage Vector, SmartCycle, SmartSpan, Pegasus, Velocity, P10, P100 and Abacus products.

The Transportation Systems segment includes transportation engineering and consulting services, and the development of transportation management and traveler information systems for the ITS industry.

The Performance Analytics segment includes our performance measurement and information management solution iPeMS, a specialized transportation performance measurement and traffic analytics solution, as well as ClearPath Weather, our road-maintenance application, and ClearAg, our precision agriculture solution. iPeMS provides big data and software analytics solutions that help determine current and future traffic patterns, permitting the effective performance analysis and management of traffic infrastructure resources. ClearPath Weather provides winter road maintenance recommendations for state agencies, municipalities and for commercial companies. Our ClearAg platform provides access to a comprehensive database of weather, soil and agronomic information essential to making informed agricultural decisions.

Certain corporate expenses, including interest and amortization of certain intangible assets, are not allocated to the segments. The reportable segments are each managed separately because they manufacture and distribute distinct products or provide services with different processes. All reported segment revenues are derived from external customers.

The following table sets forth selected unaudited consolidated financial information for our reportable segments for the three and nine months ended December 31, 2015 and 2014:

	Roadway Sensors		Transportation Systems		Performance Analytics			Total
	(In thousands)
Three Months Ended December 31, 2015
Revenues	$	9,771	$	7,796	$	1,447		$	19,014
Segment operating income (loss)	1,672		1,017		(1,913		)	776
Three Months Ended December 31, 2014
Revenues	$	8,112	$	7,796	$	1,632		$	17,540
Segment operating income (loss)	1,053		1,381		(1,455		)	979
Nine Months Ended December 31, 2015
Revenues	$	31,235	$	23,283	$	3,434		$	57,952
Segment operating income (loss)	6,562		3,101		(5,936		)	3,727
Nine Months Ended December 31, 2014
Revenues	$	27,328	$	22,745	$	4,133		$	54,206
Segment operating income (loss)	4,972		3,202		(3,344		)	4,830

The following table reconciles total segment income to unaudited consolidated income from continuing operations before income taxes:

	Three Months Ended						Nine Months Ended
	December 31,						December 31,
	2015			2014			2015			2014
	(In thousands)
Segment operating income:
Total income from reportable segments	$	776		$	979		$	3,727		$	4,830
Unallocated amounts:
Corporate and other expenses	(1,818		)	(1,469		)	(5,599		)	(5,488		)
Amortization of intangible assets	(92		)	(102		)	(276		)	(341		)
Change in fair value of contingent consideration	—			(1		)	—			(9		)
Other expense, net	(3		)	(8		)	1			(11		)
Interest income, net	3			6			10			2
Loss from continuing operations before income taxes	$	(1,134	)	$	(595	)	$	(2,137	)	$	(1,017	)