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Segment information | 12 Months Ended
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Oct. 31, 2018
Segment Reporting [Abstract] |
Segment information | Note 7 - Segment information The Company aggregates operating divisions into operating segments which have similar economic characteristics primarily in 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; and (5) if applicable, the nature of the regulatory environment. Based upon this evaluation, as of October 31, 2018, the Company had two reportable segments – RF Connector and Cable Assembly (RF Connector) and Custom Cabling Manufacturing and Assembly (Custom Cabling). During fiscal 2018, the RF Connector segment was comprised of one division, while the Custom Cabling segment was comprised of two divisions. The three divisions that met the quantitative thresholds for segment reporting were the RF Connector and Cable Assembly division and the Cables Unlimited and Rel-Tech subsidiaries. While each segment had similar products and services, with one major exception, there was little overlapping of these services to their customer base. In addition, sales or product and services for the RF Connector segment was primarily through the distribution channel while the Custom Cabling sales was through a combination of distribution and direct to the end customer. 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 RF Connector and Cable Assembly division constitutes the RF Connector segment, and the Cables Unlimited and Rel-Tech divisions constitute the Custom Cabling segment. 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. Accounts receivable, inventory, property and equipment, goodwill and intangible assets are the only assets identified by segment. Except as discussed above, the accounting policies for segment reporting are the same 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 years ended October 31, 2018 and 2017 (in thousands):
|  | 2018 |  |  | 2017 |
United States |  | $ | 49,534 |  |  | $ | 22,254 |
Foreign Countries: |  |  |  |  |  |  |  |
Canada |  |  | 547 |  |  |  | 551 |
Mexico |  |  | 39 |  |  |  | 78 |
All Other |  |  | 76 |  |  |  | 100 |
|  |  | 662 |  |  |  | 729 |
Totals |  | $ | 50,196 |  |  | $ | 22,983 |
Net sales, income (loss) from continuing operations before provision (benefit) for income taxes and other related segment information for the years ended October 31, 2018 and 2017 are as follows (in thousands):
|  | RF Connector |  |  | Custom Cabling |  |  |  |  |  |  |
|  | and |  |  | Manufacturing and |  |  |  |  |  |  |
|  | Cable Assembly |  |  | Assembly |  |  | Corporate |  |  | Total |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 11,846 |  |  | $ | 38,350 |  |  | $ | - |  |  | $ | 50,196 |
Income (loss) from continuing operations before provision (benefit) for income taxes |  |  | 107 |  |  |  | 7,340 |  |  |  | 47 |  |  |  | 7,494 |
Depreciation and amortization |  |  | 172 |  |  |  | 341 |  |  |  | - |  |  |  | 513 |
Total assets |  |  | 6,529 |  |  |  | 8,763 |  |  |  | 17,210 |  |  |  | 32,502 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 11,456 |  |  | $ | 11,527 |  |  | $ | - |  |  | $ | 22,983 |
Income (loss) from continuing operations before provision (benefit) for income taxes |  |  | 107 |  |  |  | 96 |  |  |  | 29 |  |  |  | 232 |
Depreciation and amortization |  |  | 177 |  |  |  | 329 |  |  |  | - |  |  |  | 506 |
Total assets |  |  | 6,297 |  |  |  | 6,353 |  |  |  | 12,410 |  |  |  | 25,060 |

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- References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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