Business Segments

6 Months Ended

Jun. 30, 2012

Business Segments [Abstract]

Business Segments

(NOTE 10) - Business Segments:

The Company operates through two business segments, the Electronics Segment (or "Electronics Group") and the Power Units Segment (or "Power Group").  The Electronics Segment is comprised of the Orbit Instrument Division and the Company's TDL and ICS subsidiaries. The Orbit Instrument Division and TDL are engaged in the design, manufacture and sale of customized electronic components and subsystems. ICS performs system integration for Gun Weapons Systems and Fire Control Interface as well as logistics support and documentation. The Company's Power Units Segment, through the Company's Behlman Electronics, Inc. subsidiary, is engaged in the design, manufacture and sale of distortion free commercial power units, power conversion devices and electronic devices for measurement and display.

The Company's reportable segments are business units that offer different products.  The reportable segments are each managed separately as they manufacture and distribute distinct products with different production processes.

The following is the Company's business segment information for the six and three month periods ended June 30, 2012 and 2011:

	Six Months Ended						Three Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Net sales:
Electronics
Domestic	$	6,435,000		$	8,798,000		$	3,795,000		$	4,555,000
Foreign		962,000			407,000			496,000			214,000
Total Electronics		7,397,000			9,205,000			4,291,000			4,769,000
Power Units
Domestic		5,640,000			5,583,000			2,935,000			3,101,000
Foreign		634,000			699,000			283,000			518,000
Total Power Units		6,274,000			6,282,000			3,218,000			3,619,000
Intersegment sales		-			(391,000	)		-			(104,000	)
Total	$	13,671,000		$	15,096,000		$	7,509,000		$	8,284,000
(Loss) income before income tax provision:
Electronics	$	(1,790,000	)	$	657,000		$	(57,000	)	$	199,000
Power Units		1,360,000			1,391,000			714,000			972,000
Intersegment profit		-			(14,000	)		-			24,000
General corporate expenses not allocated		(715,000	)		(546,000	)		(398,000	)		(266,000	)
Interest expense		(70,000	)		(106,000	)		(36,000	)		(53,000	)
Investment and other income, net		97,000			105,000			4,000			71,000
(Loss) income before income tax provision	$	(1,118,000	)	$	1,487,000		$	227,000		$	947,000