DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following table reflects the major classes of assets and liabilities for the Test Product Line as of December 31, 2011 (in thousands):



	December 31, 2011
Accounts receivable, net	$	131
Inventory, net	214
Prepayments and other current assets	—
Total current assets	345
Property, plant and equipment, net	—
Total assets	$	345
Total current liabilities	$	13

There were no test equipment assets or liabilities remaining at June 30, 2012.

In 2010 the Company entered into a Stock Purchase agreement with Aeroflex Incorporated relating to the sale of the common stock of Advanced Control Components Inc (''ACC''), a subsidiary of the Company at that date. The agreement allowed for an adjustment to the sale price dependent upon, among other things, a calculation of net working capital. The Company classified the ACC operations as discontinued operations in 2010 and this was disclosed as discontinued operations in 2011.

The following tables summarize certain components of the statements of operations for discontinued operations for the Test Product Line and for ACC for the three and six months ended June 30, 2012 (in thousands):



	2012
	Three Months Ended June 30, 2012						Six Months Ended June 30, 2012
	Test Product Line		ACC		Total		Test Product Line			ACC		Total
Net Sales	—		—		—		—			—		—
Income from operations	—		—		—		—			—		—
Loss on sale	—		—		—		$	(9	)	—		$	(9	)
Provision for income taxes	—		—		—		—			—		—
Net (loss)/income	—		—		—		$	(9	)	—		$	(9	)
(Loss) earnings per share:			—
Basic and diluted	—		—		—		—			—		—
Weighted average shares outstanding:
Basic and diluted	10,683		10,683		10,683		10,683			10,683		10,683

	2011
	Three Months Ended June 30, 2011						Six Months Ended June 30, 2011
	Test Product Line		ACC		Total		Test Product Line			ACC		Total
Net Sales	$	163	—		163		$	326		—		326
Income from operations	$	42	$	416	$	458	$	101		$	416	$	517
Provision for income taxes	—		$	111	$	111	—			$	111	111
Net income	$	42	$	305	$	347	$	101		$	305	$	406
Earnings per share:
Basic and diluted	—		0.03		0.03		—			0.03		0.04
Weighted average shares outstanding:
Basic and diluted	10,667		10,667		10,667		10,667			10,667		10,667

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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