XML 35 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment reporting and concentrations
 12 Months Ended
Dec. 31, 2011
Segment reporting and concentrations
10. Segment reporting and concentrations

 

 For the year ended December 31, 2011, the Company’s operations are classified into two reportable segments: Content Services and IADS.

The Content Services segment provides business process, technology and consulting services to assist clients in creating, managing, using and distributing digital content.

In the second quarter of 2011, the Company launched its IADS segment to perform advanced data analysis. IADS operates through two subsidiaries: Synodex and docGenix. Synodex offers a range of data analysis services in the healthcare, medical and insurance areas. docGenix provides software products and services that facilitate the generation and analysis of standardized and non-standardized documents for swaps, derivatives, repos, securities lending, prime brokerage, investment management and clearing.

 

A significant portion of the Company’s revenues are generated from its production facilities in the Philippines, India, Sri Lanka and Israel.

 

Revenues from external clients and segment operating profit, and other reportable segment information are as follows (in thousands):

 

    Year Ended
December 31, 2011		  
       
Revenues:      
Content Services   $ 73,942  
IADS     -  
Total consolidated   $ 73,942  
         
Income (loss) before provision for income taxes:        
Content Services   $ 8,038  
IADS (1)     (2,767 )
Total consolidated   $ 5,271  
         
      December 31, 2011  
         
Total assets:        
Content Services   $ 57,280  
IADS     2,117  
Total consolidated   $ 59,397  

 

(1) Before elimination of any inter-segment profits.    

 

Long-lived assets as of December 31, 2011 and 2010, respectively by geographic region are comprised of:

 

    2011     2010  
    (in thousands)  
United States   $ 2,771     $ 1,066  
                 
Foreign countries:                
Philippines     1,878       2,300  
India     2,494       895  
Sri Lanka     876       495  
Israel     86       203  
Total foreign     5,334       3,893  
    $ 8,105     $ 4,959  

 

Top three clients generated approximately 44%, 28% and 16% of the Company’s total revenues in the fiscal years ended December 31, 2011, 2010 and 2009, respectively. Another client accounted for less than 10% of our revenues for the year ended December 31, 2011, but for 11% and 35% of our revenues for the year ended December 31, 2010 and 2009, respectively. No other client accounted for 10% or more of revenues during these periods. Further, in the years ended December 31, 2011, 2010 and 2009, revenues from non-US clients accounted for 30%, 33% and 21%, respectively, of the Company's revenues.

 

 

Revenues for each of the three years in the period ended December 31, 2011 by geographic region (determined based upon client’s domicile), are as follows:

 

    2011     2010     2009  
    (in thousands)  
                   
United States   $ 51,626     $ 41,015     $ 60,314  
United Kingdom     9,721       8,198       6,656  
The Netherlands     7,850       8,230       6,150  
Other - principally Europe     4,745       4,070       3,591  
    $ 73,942     $ 61,513     $ 76,711  

 

As of December 31, 2011, approximately 20% of the Company's accounts receivable was from foreign (principally European) clients and 62% of accounts receivable was due from two clients. As of December 31, 2010, approximately 34% of the Company's accounts receivable was from foreign (principally European) clients and 37% of accounts receivable was due from three clients. No other client accounts for 10% or more of the receivables as of December 31, 2011 and 2010.