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Segment Information | 9 Months Ended
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Jul. 31, 2013
Segment Reporting [Abstract] |
Segment Information |
Note 8 - Segment information The Company aggregates operating divisions into operating segments which have similar economic characteristics and divisions are similar in the majority of the following areas: (1) the nature of the product and services; (2) the nature of the production process; (3) the type or class of customer for their products and services; (4) the methods used to distribute their products or services; (5) if applicable, the nature of the regulatory environment. The Company has four segments - RF Connector and Cable Assembly, Medical Cabling and Interconnector, RF Wireless, and Cables Unlimited based upon this evaluation. The RF Connector and Cable Assembly segment is comprised of three divisions, whereas the Cables Unlimited segment, the Medical Cabling and Interconnector segment and the RF Wireless segment are each comprised of one division. The four divisions that meet the quantitative thresholds for segment reporting are Connector & Cable Assembly, Cables Unlimited, Bioconnect and RF Wireless. Each of the other divisions aggregated into these segments have similar products that are marketed to their respective customer base; production and product development processes are similar in nature. The specific customers are different for each division; however, there is some overlapping of product sales to them. The methods used to distribute products are similar within each division aggregated. Management identifies the Company’s segments based on strategic business units that are, in turn, based along market lines. These strategic business units offer products and services to different markets in accordance with their customer base and product usage. For segment reporting purposes, the Company aggregates the Connector & Cable Assembly, Aviel, and Oddcables divisions into the RF Connector and Cable Assembly segment, while the Cables Unlimited division constitutes the Cables Unlimited segment. The Bioconnect Division comprises the Medical Cabling and Interconnector segment and the RadioMobile division comprises the RF Wireless segment. Following the sale and discontinuation of the RF Neulink division during the third quarter of 2013, the RF Wireless segment now is comprised of only the RadioMobile division. The segment information for the RF Wireless segment for the three and nine months ended July 31, 2013 and 2012, has been adjusted to reflect the sale of the RF Neulink division as a discontinued operation. As reviewed by the Company’s chief operating decision maker, the Company evaluates the performance of each segment based on income or loss before income taxes. The Company charges depreciation and amortization directly to each division within the segment. Effective beginning with the second quarter of 2013, the Company changed its measurement of segment profit or loss whereby certain corporate costs, previously attributed to the RF Connector and Cable Assembly segment, have been allocated to each of the segments. Certain amounts in the 2012 segment tables have been reclassified to conform to the 2013 presentation to reflect all segment information on a comparable basis. Accounts receivable, inventory, fixed assets, goodwill and intangible assets are the only assets identified by segment. Except as discussed above, the accounting policies for segment reporting are the same as for the Company as a whole. Substantially all of the Company’s operations are conducted in the United States; however, the Company derives a portion of its revenue from export sales. The Company attributes sales to geographic areas based on the location of the customers. The following table presents the sales of the Company by geographic area for the three and nine month periods ended July 31, 2013 and 2012 (in thousands):
|  | Three Months Ended July 31, |  | Nine Months Ended July 31, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
United States |  | $ | 9,259 |  | $ | 6,908 |  | $ | 28,030 |  | $ | 18,118 |
Foreign Countries: |  |  |  |  |  |  |  |  |  |  |  |  |
Canada |  |  | 159 |  |  | 173 |  |  | 439 |  |  | 476 |
Israel |  |  | 62 |  |  | 120 |  |  | 210 |  |  | 237 |
Mexico |  |  | 55 |  |  | 89 |  |  | 333 |  |  | 323 |
All Other |  |  | 50 |  |  | 26 |  |  | 134 |  |  | 75 |
|  |  | 326 |  |  | 408 |  |  | 1,116 |  |  | 1,111 |
Totals |  | $ | 9,585 |  | $ | 7,316 |  | $ | 29,146 |  | $ | 19,229 |
Net sales, income (loss) from continuing operations before provision for income taxes and other related segment information for the three months ended July 31, 2013 and 2012 are as follows (in thousands):
|  | RF Connectors |  |  |  |  | Medical |  |  |  |  |  |  |  |  |  |
|  | and |  | Cables |  | Cabling and |  | RF |  |  |  |  |  |  |
2013 |  | Cable Assembly |  | Unlimited |  | Interconnector |  | Wireless |  | Corporate |  | Total |
Net sales |  | $ | 3,164 |  | $ | 5,548 |  | $ | 766 |  | $ | 107 |  | $ | - |  | $ | 9,585 |
Income (loss) from continuing operations before provision for income taxes |  |  | 315 |  |  | 1,277 |  |  | 173 |  |  | (204) |  |  | 1 |  |  | 1,562 |
Depreciation and amortization |  |  | 59 |  |  | 89 |  |  | 11 |  |  | 2 |  |  | - |  |  | 161 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 3,871 |  | $ | 2,728 |  | $ | 570 |  | $ | 147 |  | $ | - |  | $ | 7,316 |
Income (loss) from continuing operations before provision for income taxes |  |  | 766 |  |  | 395 |  |  | 99 |  |  | (91) |  |  | 3 |  |  | 1,172 |
Depreciation and amortization |  |  | 59 |  |  | 82 |  |  | 11 |  |  | 2 |  |  | - |  |  | 154 |
Net sales, income (loss) from continuing operations before provision for income taxes and other related segment information for the nine months ended July 31, 2013 and 2012 are as follows (in thousands):
|  | RF Connectors |  |  |  |  | Medical |  |  |  |  |  |  |  |  |  |
|  | and |  | Cables |  | Cabling and |  | RF |  |  |  |  |  |  |
2013 |  | Cable Assembly |  | Unlimited |  | Interconnector |  | Wireless |  | Corporate |  | Total |
Net sales |  | $ | 10,549 |  | $ | 15,390 |  | $ | 2,282 |  | $ | 925 |  | $ | - |  | $ | 29,146 |
Income (loss) from continuing operations before provision for income taxes |  |  | 1,502 |  |  | 3,524 |  |  | 568 |  |  | (149) |  |  | 3 |  |  | 5,448 |
Depreciation and amortization |  |  | 181 |  |  | 261 |  |  | 33 |  |  | 6 |  |  | - |  |  | 481 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 10,391 |  | $ | 6,007 |  | $ | 2,012 |  | $ | 819 |  | $ | - |  | $ | 19,229 |
Income (loss) from continuing operations before provision for income taxes |  |  | 1,528 |  |  | 433 |  |  | 478 |  |  | (136) |  |  | 14 |  |  | 2,317 |
Depreciation and amortization |  |  | 163 |  |  | 258 |  |  | 31 |  |  | 5 |  |  | - |  |  | 457 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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