Business Segments

6 Months Ended

Jun. 30, 2014

Business Segments [Abstract]

Business Segments

(NOTE 9) - 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 Group is comprised of the Orbit Instrument Division, the Company’s subsidiaries, Tulip Development Laboratory, Inc. (“TDL”) and Integrated Combat Systems (“ICS”) and beginning January 1, 2014, the Company’s TDL Division which conducts all operations of TDL that were moved to the Company’s Hauppauge, NY facility. 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, cable and harness assemblies, as well as logistics support and documentation. The Company's Power Group, through the Company's subsidiary, Behlman Electronics, Inc., 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, 2014 and 2013:

	Six Months Ended June 30,						Three Months Ended June 30,
	2014			2013			2014			2013
Net sales:
Electronics
Domestic		5,179,000			6,009,000			2,412,000			3,172,000
Foreign		389,000			495,000			252,000			144,000
Total Electronics		5,568,000			6,504,000			2,664,000			3,316,000
Power Group
Domestic		4,732,000			5,907,000			2,679,000			2,835,000
Foreign		103,000			531,000			53,000			331,000
Total Power Group		4,835,000			6,438,000			2,732,000			3,166,000
Intersegment sales		-			(20,000	)		-			(7,000	)
Total		10,403,000			12,922,000			5,396,000			6,475,000
Income (loss) before income tax provision
Electronics Group		(1,076,000	)		(580,000	)		(333,000	)		(113,000	)
Power Group		440,000			1,291,000			441,000			557,000
General corporate expenses not allocated		(554,000	)		(609,000	)		(255,000	)		(302,000	)
Interest expense		(21,000	)		(32,000	)		(10,000	)		(15,000	)
Investment and other income (expense), net		7,000			5,000			(3,000	)		2,000
(Loss) income before income tax provision		(1,204,000	)		75,000			(160,000	)		129,000