Operating Segments

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Operating Segments

NOTE 4 — OPERATING SEGMENTS

The Company has two operating segments: electronic devices and communications equipment. The electronic devices segment manufactures and markets electronic power supplies, radio frequency (“RF”) and microwave devices and subsystem assemblies. The electronic devices segment consists of the Company’s two electronic device subsidiaries located in England, Pascall Electronics Limited (“Pascall’’) and XCEL Power Systems Limited (“XCEL”), both of which offer the same or similar products to the same or similar customers. The communications equipment segment designs, manufactures and distributes network access products and timing and synchronization products. The communications equipment segment consists of operating entities CXR Larus, which is located in the United States, and CXR Anderson Jacobson (“CXR AJ”), which is located in France, both of which offer the same or similar products to similar customers. Both segments operate primarily in the U.S. and European markets, but they have distinctly different customers, design and manufacturing processes and marketing strategies. Each segment has discrete financial information and a separate management structure.

The Company evaluates performance based upon contribution margin of the segments and also upon profit or loss from operations before income taxes exclusive of nonrecurring gains and losses. The Company accounts for inter-segment sales at pre-determined prices negotiated between the individual segments.

Selected financial data for each of the Company’s operating segments reconciled to the consolidated totals is shown below (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Net sales
Electronic devices	$	5,333		$	4,636		$	10,496		$	10,145
Communications equipment		3,801			3,461			6,396			5,643
Total net sales	$	9,134		$	8,097		$	16,892		$	15,788
Operating income (loss)
Electronic devices	$	432		$	362		$	610		$	987
Communications equipment		33			322			55			66
Corporate and other		(628	)		(609	)		(1,483	)		(1,346	)
Total operating income/(loss)	$	(163	)	$	75		$	(818	)	$	(293	)

	June 30, 2014		December 31, 2013
Total assets
Electronic devices	$	19,831	$	20,134
Communications equipment		6,371		6,266
Corporate and other		136		59
Total assets	$	26,338	$	26,459