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Segment information
 3 Months Ended
Jan. 31, 2015
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 currently has three segments - RF Connector and Cable Assembly, Custom Cabling Manufacturing and Assembly and Medical Cabling and Interconnector based upon this evaluation.
 
The RF Connector and Cable Assembly segment and the Custom Cabling Manufacturing and Assembly segment currently are each comprised of two divisions, whereas the Medical Cabling and Interconnector segment is comprised of one division. The four divisions that meet the quantitative thresholds for segment reporting are Connector and Cable Assembly, Cables Unlimited, Comnet and Bioconnect. The other division aggregated into the RF Connector and Cable Assembly segment has similar products that are marketed to their respective customer base and production and product development processes that 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 (i) aggregates the Connector and Cable Assembly division and the Aviel division into the RF Connector and Cable Assembly segment; (ii) aggregates Cables Unlimited and Comnet into the Custom Cabling Manufacturing and Assembly segment; and (iii) has defined the Bioconnect Division as the Medical Cabling and Interconnector segment.
 
In its operation of the business, management, including our chief operating decision maker, the Company’s Chief Executive Officer, reviews certain financial information, including segmented profit and loss statements before taxes, depreciation and amortization to evaluate performance of individual operating segments. The segment information in this note is reported on that basis.
 
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 months ended January 31, 2015 and 2014 (in thousands):
 
 
 
Three Months Ended January 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
United States
 
$
6,596
 
$
5,448
 
Foreign Countries:
 
 
 
 
 
 
 
Canada
 
 
114
 
 
102
 
Israel
 
 
52
 
 
65
 
Mexico
 
 
94
 
 
122
 
All Other
 
 
38
 
 
113
 
 
 
 
298
 
 
402
 
 
 
 
 
 
 
 
 
Totals
 
$
6,894
 
$
5,850
 
 
Net sales, income (loss) from continuing operations before provision for income taxes and other related segment information for the three months ended January 31, 2015 and 2014 are as follows (in thousands): 
  
 
 
RF Connector
 
Custom Cabling
 
Medical
 
 
 
 
 
 
 
and
 
Manufacturing and
 
Cabling and
 
 
 
 
 
 
 
Cable Assembly
 
Assembly
 
Interconnector
 
Corporate
 
Total
 
2015
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
2,701
 
$
3,617
 
$
576
 
$
-
 
$
6,894
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before provision (benefit) for income taxes
 
 
65
 
 
(164)
 
 
125
 
 
5
 
 
31
 
Depreciation and amortization
 
 
41
 
 
144
 
 
5
 
 
-
 
 
190
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
2,972
 
$
2,127
 
$
751
 
$
-
 
$
5,850
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before provision (benefit) for income taxes
 
 
368
 
 
(167)
 
 
140
 
 
5
 
 
346
 
Depreciation and amortization
 
 
49
 
 
92
 
 
8
 
 
-
 
 
149