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Segment Information
 9 Months Ended
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