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Geographic Information
3 Months Ended
Mar. 31, 2015
Geographic Information [Abstract]  
Geographic Information

6.    Geographic Information

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

December 31,

 

 

2015

 

 

2014

United States

$

3,738 

 

$

3,307 

Other – primarily Asia

 

862 

 

 

938 

Consolidated

$

4,600 

 

$

4,245 

 

 

 

Long-lived assets consist of property and equipment and certain other assets that 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, 2015 and 2014 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Net Sales to Geographical Areas

 

March 31, 2015

 

 

March 31, 2014

 

 

 

 

 

 

 

 

United States     

$

12,582 

 

$

12,822 

 

Switzerland

 

629 

 

 

332 

 

Germany

 

528 

 

 

591 

 

Vietnam

 

437 

 

 

364 

 

China

 

434 

 

 

699 

 

Japan

 

371 

 

 

322 

 

United Kingdom

 

282 

 

 

523 

 

Turkey

 

264 

 

 

193 

 

France

 

241 

 

 

534 

 

Hong Kong

 

195 

 

 

178 

 

Singapore

 

85 

 

 

111 

 

All other countries

 

554 

 

 

641 

 

Consolidated  

$

16,602 

 

$

17,310 

 

 

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. Customer concentrations greater than 10% of consolidated net sales and account receivable are disclosed below.

For the three months ended March 31, 2015,  one customer accounted for 39% of the Company’s consolidated net sales.  For the three months ended March 31, 2014, two customers accounted for 49% of the Company’s consolidated net sales.

At March 31, 2015, two customers combined accounted for 33% of the Company’s consolidated accounts receivable. At December 31, 2014, two customers accounted for a combined 29% of the Company’s consolidated accounts receivable.