XML 26 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment and Related Information
 6 Months Ended
Jun. 30, 2016
Segment and Related Information [Abstract]  
Segment and Related Information
Note 8 — Segment and Related Information
 
The Company has two reportable business segments, hospitality and government – for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer, the Company’s chief operating decision maker, in deciding how to allocate resources and in assessing performance.  Prior to the sale of the hotel/spa reporting unit on November 4, 2015 (see note 2), the Company was organized in three reporting units within its two business segments: restaurant/retail, hotel/spa and government.  The Company identified government as a separate reportable segment and had aggregated the restaurant/retail and hotel/spa reporting units into one reportable business segment - hospitality - as they shared many similar economic characteristics.  The hotel/spa reporting unit is now included within discontinued operations. Management views the government and hospitality segments separately in operating its business, as the products and services are different for each segment.  The hospitality segment offers integrated solutions to the food service industry consisting of restaurants, grocery stores, contract food and specialty retail outlets.  These offerings include industry leading software solutions utilized at the point-of-sale, back of store and corporate office and includes Brink POS®, and PAR’s food safety software platform - SureCheck®. Also offered within the hospitality segment, is PAR’s industry leading hardware, as well as software delivery services and other customer support including field service, installation, and twenty-four hour telephone support and depot repair.  The government segment performs complex technical studies, analysis, and experiments, develops innovative solutions, and provides on-site engineering in support of advanced defense, security, and aerospace systems.  This segment also provides expert on-site services for operating and maintaining U.S. Government-owned communication assets.
 
Information noted as “Other” primarily relates to the Company’s corporate, home office operations.
 
Information as to the Company's segments is set forth below.  Amounts below exclude discontinued operations.

  
(in thousands)
For the three months
ended June 30,
  
(in thousands)
For the six months
ended June 30,
 
  
2016
  
2015
  
2016
  
2015
 
Revenues:
            
Hospitality
 
$
33,248
  
$
37,367
  
$
67,036
  
$
68,749
 
Government
  
19,410
   
21,561
   
40,927
   
45,397
 
Total
 
$
52,658
  
$
58,928
  
$
107,963
  
$
114,146
 
                 
Operating (loss) income:
                
Hospitality
 
$
(800
)
 
$
699
  
$
(1,300
)
 
$
382
 
Government
  
1,496
   
1,288
   
3,303
   
2,533
 
Other
  
(344
)
  
(49
)
  
(1,587
)
  
(322
)
   
352
   
1,938
   
416
   
2,593
 
Other (loss) income, net
  
(210
)
  
20
   
(280
)
  
(186
)
Interest income (expense)
  
3
   
(85
)
  
32
   
(171
)
Income before provision for income taxes
 
$
145
  
$
1,873
  
$
168
  
$
2,236
 
                 
Depreciation, amortization and accretion:
                
Hospitality
 
$
756
  
$
667
  
$
1,488
  
$
1,304
 
Government
  
10
   
13
   
19
   
25
 
Other
  
63
   
66
   
99
   
135
 
Total
 
$
829
  
$
746
  
$
1,606
  
$
1,464
 
                 
Capital expenditures including software costs:
                
Hospitality
 
$
702
  
$
1,107
  
$
1,650
  
$
1,735
 
Government
  
32
   
-
   
39
   
-
 
Other
  
489
   
37
   
515
   
97
 
Total
 
$
1,223
  
$
1,144
  
$
2,204
  
$
1,832
 
                 
Revenues by country:
                
United States
 
$
47,571
  
$
50,547
  
$
97,790
  
$
100,324
 
Other Countries
  
5,087
   
8,381
   
10,173
   
13,822
 
Total
 
$
52,658
  
$
58,928
  
$
107,963
  
$
114,146
 
 
The following table represents identifiable assets by business segment. Amounts below exclude discontinued operations.

  
(in thousands)
 
  
June 30,
2016
  
December 31,
2015
 
       
Hospitality
 
$
78,746
  
$
72,948
 
Government
  
12,105
   
10,052
 
Other
  
28,252
   
33,251
 
Total
 
$
119,103
  
$
116,251
 

The following table represents assets by country based on the location of the assets. Amounts below exclude discontinued operations.

  
(in thousands)
 
  
June 30,
2016
  
December 31,
2015
 
United States
 
$
106,364
  
$
100,960
 
Other Countries
  
12,739
   
15,291
 
Total
 
$
119,103
  
$
116,251
 

The following table represents Goodwill by business segment. Amounts below exclude discontinued operations.

  
(in thousands)
 
  
June 30,
2016
  
December 31,
2015
 
Hospitality
 
$
10,315
  
$
10,315
 
Government
  
736
   
736
 
Total
 
$
11,051
  
$
11,051
 
 
Customers comprising 10% or more of the Company's total revenues, excluding discontinued operations, are summarized as follows:

  
For the three months
ended June 30,
  
For the six months
ended June 30 ,
 
  
2016
  
2015
  
2016
  
2015
 
Hospitality segment:
            
McDonald’s Corporation
  
24
%
  
24
%
  
21
%
  
21
%
Yum! Brands, Inc.
  
10
%
  
14
%
  
11
%
  
11
%
Government segment:
                
U.S. Department of Defense
  
37
%
  
37
%
  
38
%
  
40
%
All Others
  
29
%
  
25
%
  
30
%
  
28
%
   
100
%
  
100
%
  
100
%
  
100
%

No other customer within All Others represented more than 10% of the Company’s total revenue for the three and six months ended June 30, 2016 or 2015.