Discontinued Operations

3 Months Ended

Mar. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

NOTE 3 — DISCONTINUED OPERATIONS

Test Product Line

During the fourth quarter of 2011, CXR Larus Corporation (“CXR Larus”), a wholly-owned subsidiary of the Company, committed to the sale of certain assets relating solely to the CXR Larus product line of telecommunications test equipment (the “Test Product Line”). The sale of these assets was completed on February 7, 2012. The Test Product Line was previously included in the Company's communications equipment segment and was accounted for as an asset held for sale as of December 31, 2011.

There were no test equipment assets or liabilities remaining at March 31, 2012 or 2013.

The following table summarizes certain components of the statements of operations for discontinued operations for the Test Product Line for the three months ended March 31, 2012 (in thousands):

		2012
Net Sales	$	-
Income (loss) from operations	$	-
Loss on sale		(9	)
Provision for income taxes		-
Net (loss) income	$	(9	)
(Loss) earnings per share:
Basic and diluted	$	-
Weighted average shares outstanding:
Basic and diluted		10,668