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Subsidiaries of the Registrant
 6 Months Ended
Jun. 30, 2011
Subsidiaries of the Registrant [Abstract]  
Subsidiaries of the Registrant
A.  
Subsidiaries of the Registrant

The LGL Group, Inc. (the “Company”), formerly Lynch Corporation, incorporated in 1928 under the laws of the State of Indiana and reincorporated under the laws of the State of Delaware in 2007, is a holding company with subsidiaries engaged in the design, manufacture, and sale of standard and custom engineered electronic components.
 
As of June 30, 2011, the subsidiaries of the Company are as follows:
 
 
 
Owned By LGL
 
M-tron Industries, Inc.                                                                              
  100.0%
        M-tron Industries, Ltd.                                                                              
  100.0%
        Piezo Technology, Inc.                                                                              
  100.0%
                Piezo Technology India Private Ltd.                                                                              
  99.0%
Lynch Systems, Inc.                                                                               
  100.0%

 
The Company operates through its principal subsidiary, M-tron Industries, Inc., which includes the operations of M-tron Industries, Ltd. (“Mtron”) and Piezo Technology, Inc. (“PTI”).  The combined operations of Mtron and PTI are referred to herein as “MtronPTI.” MtronPTI has operations in Orlando, Florida, Yankton, South Dakota and Noida, India.  In addition, MtronPTI has sales offices in Hong Kong and Shanghai, China. During 2007, the Company sold the operating assets of Lynch Systems, Inc., a subsidiary of the Company, to an unrelated third party.