XML 64 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Reporting
 3 Months Ended
Mar. 31, 2015
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 communication and guidance and stabilization. Mobile communication sales and services include marine, land mobile, and automotive communication equipment and satellite-based voice, television and Broadband Internet connectivity services; the distribution of commercially licensed news, sports, movies, and music content for commercial and leisure customers in the maritime, hotel, and retail markets; and the distribution of training films and e-Learning computer-based training courses to commercial customers in the maritime market.
Guidance and stabilization sales and services include sales of defense-related and commercial navigation and guidance and stabilization equipment based upon digital compass and FOG 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, 2015
 
Americas
 
Europe and
Asia
 
Total
Mobile communication sales to the United States
 
$
22,046

 
$
435

 
$
22,481

Mobile communication sales to Canada
 
255

 
16

 
271

Mobile communication sales to Europe
 
98

 
5,039

 
5,137

Mobile communication sales to other geographic areas
 
1,334

 
7,020

 
8,354

Guidance and stabilization sales to the United States
 
1,085

 
—

 
1,085

Guidance and stabilization sales to Canada
 
2,210

 
—

 
2,210

Guidance and stabilization sales to Europe
 
847

 
—

 
847

Guidance and stabilization sales to other geographic areas
 
920

 
—

 
920

Intercompany sales
 
1,168

 
798

 
1,966

Subtotal
 
29,963

 
13,308

 
43,271

Eliminations
 
(1,168
)
 
(798
)
 
(1,966
)
Net sales
 
$
28,795

 
$
12,510

 
$
41,305

Segment net loss
 
$
(1,154
)
 
$
(268
)
 
$
(1,422
)
Depreciation and amortization
 
$
1,176

 
$
1,953

 
$
3,129

Total assets
 
$
142,814

 
$
82,307

 
$
225,121

 
 
Sales Originating From
Three months ended March 31, 2014
 
Americas
 
Europe and
Asia
 
Total
Mobile communication sales to the United States
 
$
20,677

 
$
320

 
$
20,997

Mobile communication sales to Canada
 
170

 
15

 
185

Mobile communication sales to Europe
 
27

 
5,821

 
5,848

Mobile communication sales to other geographic areas
 
864

 
1,081

 
1,945

Guidance and stabilization sales to the United States
 
1,973

 
—

 
1,973

Guidance and stabilization sales to Canada
 
3,182

 
—

 
3,182

Guidance and stabilization sales to Europe
 
1,101

 
—

 
1,101

Guidance and stabilization sales to other geographic areas
 
1,754

 
—

 
1,754

Intercompany sales
 
1,576

 
876

 
2,452

Subtotal
 
31,324

 
8,113

 
39,437

Eliminations
 
(1,576
)
 
(876
)
 
(2,452
)
Net sales
 
$
29,748

 
$
7,237

 
$
36,985

Segment net (loss) income
 
$
(1,196
)
 
$
73

 
$
(1,123
)
Depreciation and amortization
 
$
1,131

 
$
562

 
$
1,693

Total assets
 
$
165,229

 
$
17,754

 
$
182,983