XML 46 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Reporting
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
Under common operational management, the Company designs, develops, manufactures and markets its navigation, guidance and stabilization and mobile communications products for use in a wide variety of applications. Products are generally sold directly to third-party consumer electronic dealers and retailers, original equipment manufacturers, government contractors or to U.S. and other foreign government agencies. Primarily, sales originating in the Americas consist of sales within the United States and Canada and, to a lesser extent, Mexico and some Latin and South American countries. The Americas’ sales also include all guidance and stabilization product sales throughout the world. Sales originating from the Company’s European and Asian subsidiaries principally consist of sales into all European countries, both inside and outside the European Union, as well as Africa, Asia/Pacific, the Middle East and India.
The Company operates in two geographic segments, exclusively in the mobile communications, navigation and guidance and stabilization equipment industry, which it considers to be a single business activity. The Company has two primary product categories: mobile communications and guidance and stabilization. Mobile communication sales and services include marine, land mobile, automotive, and aeronautical communication equipment and satellite-based voice, television and Broadband Internet connectivity services, as well as DIRECTV referral fees earned in conjunction with the sale of our products. Guidance and stabilization sales and services include sales of defense-related navigation and guidance and stabilization equipment based upon digital compass and fiber optic sensor technology. Mobile communication and guidance and stabilization sales also include development contract revenue, product repairs and extended warranty sales.
The following table summarizes information regarding the Company’s operations by geographic segment:
 
 
Sales Originating From
Three months ended March 31, 2013
 
Americas
 
Europe and
Asia
 
Total
Mobile communications sales to the United States
 
$
17,482

 
$

 
$
17,482

Mobile communications sales to Canada
 
162

 

 
162

Mobile communications sales to Europe
 
118

 
3,484

 
3,602

Mobile communications sales to other geographic areas
 
910

 
751

 
1,661

Guidance and stabilization sales to the United States
 
1,443

 

 
1,443

Guidance and stabilization sales to Canada
 
2,954

 

 
2,954

Guidance and stabilization sales to Europe
 
2,710

 

 
2,710

Guidance and stabilization sales to other geographic areas
 
9,913

 

 
9,913

Intercompany sales
 
605

 
377

 
982

Subtotal
 
36,297

 
4,612

 
40,909

Eliminations
 
(605
)
 
(377
)
 
(982
)
Net sales
 
$
35,692

 
$
4,235

 
$
39,927

Segment net income
 
$
1,200

 
$
763

 
$
1,963

Depreciation and amortization
 
$
1,150

 
$
74

 
$
1,224

Total assets
 
$
125,565

 
$
19,738

 
$
145,303

 
 
Sales Originating From
Three months ended March 31, 2012
 
Americas
 
Europe and
Asia
 
Total
Mobile communications sales to the United States
 
$
14,050

 
$

 
$
14,050

Mobile communications sales to Canada
 
148

 

 
148

Mobile communications sales to Europe
 
125

 
4,290

 
4,415

Mobile communications sales to other geographic areas
 
928

 
1,290

 
2,218

Guidance and stabilization sales to the United States
 
913

 

 
913

Guidance and stabilization sales to Canada
 
2,566

 

 
2,566

Guidance and stabilization sales to Europe
 
2,037

 

 
2,037

Guidance and stabilization sales to other geographic areas
 
381

 

 
381

Intercompany sales
 
2,993

 
424

 
3,417

Subtotal
 
24,141

 
6,004

 
30,145

Eliminations
 
(2,993
)
 
(424
)
 
(3,417
)
Net sales
 
$
21,148

 
$
5,580

 
$
26,728

Segment net loss
 
$
(1,271
)
 
$
(104
)
 
$
(1,375
)
Depreciation and amortization
 
$
980

 
$
135

 
$
1,115

Total assets
 
$
102,716

 
$
19,337

 
$
122,053