Segment Information

6 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 12 – Segment Information

The Company has four reportable segments aligned with each of the Company’s product lines in accordance with ASC 280, “Segment Reporting.”  

The following table provides selected financial information for each reportable segment for the three month and six month periods ended December 31, 2013 and 2012:

					Seismic				Corporate
	Seismic		Underwater		Energy		Underwater		Headquarters
	Energy		Cables &		Source		Robotic		&
	Sources		Connectors		Controllers		Vehicles		Eliminations		Consolidated
Six Months Ended December 31, 2013
Sales to external customers	$	14,161,000	$	9,594,000	$	3,046,000	$	11,151,000	$	—	$	37,952,000
Intersegment sales		727,000		254,000		541,000		—		(1,522,000)		—
Depreciation and amortization		138,000		151,000		36,000		468,000		10,000		803,000
Income (loss) before income taxes		4,257,000		3,742,000		1,572,000		1,130,000		(1,855,000)		8,846,000
Fixed asset additions		116,000		604,000		80,000		53,000		—		853,000
Three Months Ended December 31, 2013
Sales to external customers	$	7,883,000	$	4,448,000	$	1,384,000	$	8,029,000	$	—	$	21,744,000
Intersegment sales		347,000		77,000		250,000		—		(674,000)		—
Depreciation and amortization		69,000		76,000		19,000		234,000		5,000		403,000
Income (loss) before income taxes		2,978,000		1,613,000		701,000		910,000		(884,000)		5,318,000
Fixed asset additions		19,000		575,000		29,000		49,000		—		672,000
Balance Sheet Data at December 31, 2013
Segment assets	$	21,545,000	$	17,793,000	$	6,613,000	$	25,000,000	$	18,063,000	$	89,014,000
Goodwill		—		7,679,000		3,278,000		6,270,000		—		17,227,000
Other intangible assets		117,000		—		311,000		6,150,000		—		6,578,000
Six Months Ended December 31, 2012
Sales to external customers	$	12,576,000	$	8,119,000	$	1,593,000	$	6,390,000	$	—	$	28,678,000
Intersegment sales		—		158,000		263,000		—		(394,000)		—
Depreciation and amortization		101,000		145,000		139,000		457,000		9,000		851,000
Income (loss) before income taxes		2,547,000		3,060,000		562,000		783,000		(1,827,000)		5,125,000
Fixed asset additions		54,000		363,000		2,000		35,000		—		454,000
Three Months Ended December 31, 2012
Sales to external customers	$	7,169,000	$	3,764,000	$	711,000	$	2,766,000	$	—	$	14,410,000
Intersegment sales		—		109,000		134,000		—		(243,000)		—
Depreciation and amortization		50,000		75,000		70,000		229,000		4,000		428,000
Income (loss) before income taxes		1,788,000		1,239,000		191,000		89,000		(803,000)		2,504,000
Fixed asset additions		18,000		32,000		2,000		(4,000)		—		48,000
Balance Sheet Data at June 30, 2013
Segment assets	$	23,140,000	$	18,757,000	$	5,716,000	$	22,724,000	$	12,749,000	$	83,086,000
Goodwill		—		7,679,000		3,278,000		6,270,000		—		17,227,000
Other intangible assets		100,000		—		325,000		6,542,000		—		6,967,000

The Company does not allocate income taxes to the segments.