Operating Segments

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Operating Segments

NOTE 5 — 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						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
Net sales
Electronic devices	$	6,576		$	4,905		$	17,072		$	15,050
Communications equipment		2,245			1,722			8,642			7,365
Total net sales	$	8,821		$	6,627		$	25,714		$	22,415
Operating income (loss)
Electronic devices	$	992		$	679		$	1,606		$	1,666
Communications equipment		(415	)		(232	)		(363	)		(166	)
Corporate and other		96			(569	)		(1,385	)		(1,915	)
Total operating income/(loss)	$	673		$	(122	)	$	(142	)	$	(415	)

	September 30, 2014		December 31, 2013
Total assets
Electronic devices	$	18,896	$	20,134
Communications equipment		5,234		6,266
Corporate and other		456		59
Total assets	$	24,586	$	26,459

Communications equipment segment assets include $174,000 of assets held for sale within the CXR Larus, the Company’s communications equipment segment business based in the United States.