XML 41 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9
SEGMENT INFORMATION
9 Months Ended
Nov. 30, 2014
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION

NOTE 12 - SEGMENT INFORMATION 

 

Segment information for the three and nine months ended November 30, 2014 and 2013 is as follows (dollars in thousands):

    Three Months Ended November 30, 2014   Three Months Ended November 30, 2013
    Operating Segments                   Operating Segments                
    Wireless           Corporate           Wireless           Corporate        
    DataCom   Satellite   Expenses   Total   DataCom   Satellite   Expenses   Total
Revenues   $ 54,580     $ 8,645             $ 63,225     $ 49,747     $ 13,756             $ 63,503  
Gross profit   $ 20,078     $ 2,026             $ 22,104     $ 18,159     $ 2,836             $ 20,995  
Gross margin     36.8 %     23.4 %             35.0 %     36.5 %     20.6 %             33.1 %
Operating income   $ 6,579     $ 914     $ (1,038 )   $ 6,455     $ 5,026     $ 1,785     $ (779 )   $ 6,032  

   

Nine Months Ended November 30, 2014

 

Nine Months Ended November 30, 2013

    Operating Segments                   Operating Segments                
    Wireless           Corporate           Wireless           Corporate        
    DataCom   Satellite   Expenses   Total   DataCom   Satellite   Expenses   Total
Revenues   $ 152,631     $ 28,785             $ 181,416     $ 137,808     $ 38,248             $ 176,056  
Gross profit   $ 55,440     $ 7,379             $ 62,819     $ 51,674     $ 7,641             $ 59,315  
Gross margin     36.3 %     25.6 %             34.6 %     37.5 %     20.0 %             33.7 %
Operating income   $ 14,904     $ 4,070     $ (2,882 )   $ 16,092     $ 11,706     $ 4,561     $ (2,601 )   $ 13,666  

     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 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 $249,000 and $140,000 in the three-month periods ended November 30, 2014 and 2013, respectively, and $587,000 and $425,000, respectively, in the nine-month periods then ended.