XML 42 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT INFORMATION
6 Months Ended
Aug. 31, 2014
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION

NOTE 12 - SEGMENT INFORMATION 

 

Segment information for the three and six months ended August 31, 2014 and 2013 is as follows (dollars in thousands):

    Three Months Ended August 31, 2014   Three Months Ended August 31, 2013
    Operating Segments                   Operating Segments                
    Wireless           Corporate           Wireless           Corporate        
    DataCom   Satellite   Expenses   Total   DataCom   Satellite   Expenses   Total
Revenues   $ 50,204     $ 9,006             $ 59,210     $ 47,196     $ 11,611             $ 58,807  
Gross profit   $ 18,047     $ 2,449             $ 20,496     $ 17,555     $ 2,284             $ 19,839  
Gross margin     35.9 %     27.2 %             34.6 %     37.2 %     19.7 %             33.7 %
Operating income   $ 4,657     $ 1,300     $ (924 )   $ 5,033     $ 4,314     $ 1,228     $ (785 )   $ 4,757  

    Six Months Ended August 31, 2014   Six Months Ended August 31, 2013
    Operating Segments                   Operating Segments                
    Wireless           Corporate           Wireless           Corporate        
    DataCom   Satellite   Expenses   Total   DataCom   Satellite   Expenses   Total
Revenues   $ 98,051     $ 20,140             $ 118,191     $ 88,061     $ 24,492             $ 112,553  
Gross profit   $ 35,362     $ 5,353             $ 40,715     $ 33,515     $ 4,805             $ 38,320  
Gross margin     36.1 %     26.6 %             34.4 %     38.1 %     19.6 %             34.0 %
Operating income   $ 8,325     $ 3,156     $ (1,844 )   $ 9,637     $ 6,680     $ 2,776     $ (1,822 )   $ 7,634  

     The Company considers operating income to be the primary measure of operating performance of its business segments. The amount shown for each period in the "Corporate Expenses" column above consists of expenses that are not allocated to the business segments. These non-allocated corporate expenses include salaries and benefits of certain executive officers and expenses such as audit fees, investor relations, stock listing fees, director and officer liability insurance, and director fees and expenses. These non-allocated corporate expenses include salaries and benefits of certain corporate staff and expenses such as audit fees, investor relations, stock listing fees, director and officer liability insurance, and director fees and expenses.  Corporate expenses include stock-based compensation expense of $185,000 and $142,000 in the three-month periods ended August 31, 2014 and 2013, respectively, and $338,000 and $284,000, respectively, in the six-month periods then ended.