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Segment Information (Tables)

6 Months Ended

Jan. 31, 2024

Segment Reporting [Abstract]

Segment Information

Operating segment information, along with a reconciliation of segment net income (loss) and consolidated net income (loss) to Adjusted EBITDA is presented in the tables below:

						Three months ended January 31, 2024
						Satellite and Space Communications						Terrestrial and Wireless Networks						Unallocated						Total
Net sales						$	78,603,000					55,622,000						—						$	134,225,000
Operating income (loss)						$	1,855,000					8,134,000						(7,016,000)						$	2,973,000
Net (loss) income						$	(459,000)					7,600,000						(17,699,000)						$	(10,558,000)
Provision for income taxes						309,000						722,000						6,333,000						7,364,000
Interest expense						903,000						—						4,362,000						5,265,000
Interest (income) and other						1,102,000						(188,000)						(12,000)						902,000
Amortization of stock-based compensation						—						—						2,189,000						2,189,000
Amortization of intangibles						1,671,000						3,617,000						—						5,288,000
Depreciation						864,000						1,975,000						91,000						2,930,000
Amortization of cost to fulfill assets						240,000						—						—						240,000
Restructuring costs						1,454,000						1,000						1,271,000						2,726,000
Strategic emerging technology costs						978,000						—						—						978,000
Gain on business divestiture, net						—						—						(2,213,000)						(2,213,000)
Adjusted EBITDA						$	7,062,000					13,727,000						(5,678,000)						$	15,111,000
Purchases of property, plant and equipment						$	1,724,000					2,285,000						264,000						$	4,273,000
Total assets at January 31, 2024						$	480,008,000					461,246,000						55,501,000						$	996,755,000

						Three months ended January 31, 2023
						Satellite and Space Communications						Terrestrial and Wireless Networks						Unallocated						Total
Net sales						$	80,407,000					53,318,000						—						$	133,725,000
Operating income (loss)						$	3,327,000					3,312,000						(7,420,000)						$	(781,000)
Net income (loss)						$	3,123,000					3,563,000						(11,491,000)						$	(4,805,000)
(Benefit from) provision for income taxes						(422,000)						(116,000)						316,000						(222,000)
Interest expense						29,000						—						3,762,000						3,791,000
Interest (income) and other						597,000						(135,000)						(7,000)						455,000
Amortization of stock-based compensation						—						—						1,268,000						1,268,000
Amortization of intangibles						1,828,000						3,521,000						—						5,349,000
Depreciation						1,010,000						1,921,000						36,000						2,967,000
Amortization of cost to fulfill assets						240,000						—						—						240,000
Restructuring costs						1,089,000						—						454,000						1,543,000
Strategic emerging technology costs						738,000						—						—						738,000
Adjusted EBITDA						$	8,232,000					8,754,000						(5,662,000)						$	11,324,000
Purchases of property, plant and equipment						$	119,000					2,414,000						164,000						$	2,697,000
Total assets at January 31, 2023						$	486,426,000					471,358,000						25,888,000						$	983,672,000

						Six months ended January 31, 2024
						Satellite and Space Communications						Terrestrial and Wireless Networks						Unallocated						Total
Net sales						$	180,991,000					105,145,000						—						$	286,136,000
Operating income (loss)						$	11,960,000					12,174,000						(19,075,000)						$	5,059,000
Net income (loss)						$	8,844,000					11,745,000						(32,584,000)						$	(11,995,000)
Provision for income taxes						536,000						422,000						5,062,000						6,020,000
Interest expense						1,775,000						—						8,422,000						10,197,000
Interest (income) and other						805,000						7,000						25,000						837,000
Amortization of stock-based compensation						—						—						4,834,000						4,834,000
Amortization of intangibles						3,343,000						7,234,000						—						10,577,000
Depreciation						1,818,000						3,948,000						186,000						5,952,000
Amortization of cost to fulfill assets						480,000						—						—						480,000
Restructuring costs						2,244,000						8,000						4,190,000						6,442,000
Strategic emerging technology costs						2,348,000						—						—						2,348,000
Gain on business divestiture, net						—						—						(2,213,000)						(2,213,000)
Adjusted EBITDA						$	22,193,000					$	23,364,000					$	(12,078,000)					$	33,479,000
Purchases of property, plant and equipment						$	2,627,000					4,021,000						841,000						$	7,489,000
Total assets at January 31, 2024						$	480,008,000					461,246,000						55,501,000						$	996,755,000

						Six months ended January 31, 2023
						Satellite and Space Communications						Terrestrial and Wireless Networks						Unallocated						Total
Net sales						$	161,280,000					103,584,000						—						$	264,864,000
Operating income (loss)						$	8,343,000					4,056,000						(22,904,000)						$	(10,505,000)
Net income (loss)						$	8,938,000					4,168,000						(29,007,000)						$	(15,901,000)
(Benefit from) provision for income taxes						(644,000)						(281,000)						95,000						(830,000)
Interest expense						27,000						—						5,999,000						6,026,000
Interest (income) and other						22,000						169,000						9,000						200,000
Amortization of stock-based compensation						—						—						2,172,000						2,172,000
Amortization of intangibles						3,656,000						7,042,000						—						10,698,000
Depreciation						2,030,000						3,658,000						77,000						5,765,000
Amortization of cost to fulfill assets						480,000						—						—						480,000
Restructuring costs						2,145,000						—						723,000						2,868,000
Strategic emerging technology costs						1,484,000						—						—						1,484,000
CEO transition costs						—						—						9,090,000						9,090,000
Adjusted EBITDA						$	18,138,000					14,756,000						(10,842,000)						$	22,052,000
Purchases of property, plant and equipment						$	4,554,000					4,956,000						408,000						$	9,918,000
Total assets at January 31, 2023						$	486,426,000					471,358,000						25,888,000						$	983,672,000

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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