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Geographic Information
3 Months Ended
Mar. 31, 2012
Geographic Information [Abstract]  
Geographic Information

4.

Geographic Information

 

 

 

The geographical distribution of long-lived assets to geographical areas consisted of the following at:


 

 

 

 

 

 

 

 

 

 

March 31,
2012

 

December 31,
2011

 

United States

 

$

5,427

 

$

5,382

 

Other – primarily Singapore

 

 

1,880

 

 

2,014

 

 

 

 

 

 

 

 

 

Consolidated

 

$

7,307

 

$

7,396

 

 

 

 

 

Long-lived assets consist of property and equipment and certain other assets as they are difficult to move and relatively illiquid. Excluded from long-lived assets are investments in partnerships, patents, license agreements and goodwill. The Company capitalizes long-lived assets pertaining to the production of specialized parts. These assets are periodically reviewed to assure the net realizable value from the estimated future production based on forecasted cash flows exceeds the carrying value of the assets.

 

 

 

The geographical distribution of net sales to geographical areas for the three months ended March 31, 2012 and 2011 were as follows:


 

 

 

 

 

 

 

 

 

 

Three months ended

 

Net Sales to Geographical Areas

 

March 31,
2012

 

March 31,
2011

 

 

 

 

 

 

 

 

 

United States

 

$

12,060

 

$

9,950

 

Germany

 

 

590

 

 

542

 

China

 

 

514

 

 

527

 

Switzerland

 

 

294

 

 

180

 

Japan

 

 

412

 

 

289

 

France

 

 

377

 

 

376

 

Singapore

 

 

186

 

 

117

 

United Kingdom

 

 

601

 

 

217

 

Vietnam

 

 

296

 

 

201

 

Hong Kong

 

 

129

 

 

178

 

All other countries

 

 

1,065

 

 

1,191

 

Consolidated

 

$

16,524

 

$

13,768

 


 

 

 

Geographic net sales are allocated based on the location of the customer. All other countries include net sales primarily to various countries in Europe and in the Asian Pacific.

 

 

 

For the three months ended March 31, 2012, two customers accounted for a combined 33 percent of the Company's consolidated net sales. For the three months ended March 31, 2011, one customer accounted for 22 percent of the Company's consolidated net sales.

 

 

 

At March 31, 2012, two customers accounted for 10 and 11 percent, respectively, of the Company's consolidated accounts receivable. At December 31, 2011, one customer accounted for 12 percent of the Company's consolidated accounts receivable.