XML 32 R23.htm IDEA: XBRL DOCUMENT
v3.23.2

Discontinued Operations | 6 Months Ended
--- | ---
Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations During the third quarter of 2022, the Company sold its inertial navigation business. The Company determined that the sale met the requirements for reporting as discontinued operations in accordance with Accounting Standards Codification (ASC) 205-20. There were no assets or liabilities of the inertial navigation business as of December 31, 2022 or June 30, 2023. Please see Note 1 for further discussion. The following table presents a reconciliation of the major financial line items constituting the results for discontinued operations to the net income from discontinued operations, net of tax, presented separately in the Company's consolidated statement of operations for the three and six months ended 2022:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2022 |  | 2022
Sales: |  |  |
Product | $ | 6,959 |  |  | $ | 14,766 |
Service | 325 |  |  | 461 |
Net sales | 7,284 |  |  | 15,227 |
Costs and expenses: |  |  |
Costs of product sales | 5,917 |  |  | 11,228 |
Costs of service sales | 222 |  |  | 288 |
Research and development | 1,135 |  |  | 2,773 |
Sales, marketing and support | 1,299 |  |  | 2,687 |
Loss from discontinued operations before income tax expense | (1,289) |  |  | (1,749) |
Other income, net | 34 |  |  | 69 |
Loss from discontinued operations before tax expense | $ | (1,255) |  |  | $ | (1,680) |
Income tax expense on discontinued operations | — |  |  | — |
Net loss from discontinued operations, net of tax | $ | (1,255) |  |  | $ | (1,680) |
Net loss from discontinued operations per common share |  |  |
Basic | $ | (0.07) |  |  | $ | (0.09) |
Diluted | $ | (0.07) |  |  | $ | (0.09) |
Weighted average number of common shares outstanding: |  |  |
Basic | 18,564 |  |  | 18,507 |
Diluted | 18,564 |  |  | 18,507 |
The following table presents supplemental cash flow information of the discontinued operations:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2022 |  | 2022
Cash used in operating activities - discontinued operations | $ | (3,967) |  |  | $ | (3,601) |
Cash provided by (used in) investing activities - discontinued operations | $ | 35 |  |  | $ | (87) |
The following table presents non-cash expenses from discontinued operations:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2022 |  | 2022
Depreciation | $ | 223 |  |  | $ | 531 |
Compensation expense related to stock-based awards and employee stock purchase plan | $ | 91 |  |  | $ | 238 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration