XML 65 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Nature of Operations, Segment Reporting and Geographical Information | 12 Months Ended
--- | ---
Jan. 31, 2013
Nature of Operations, Segment Reporting and Geographical Information [Abstract] |
Nature of Operations, Segment Reporting and Geographical Information | Note 10—Nature of Operations, Segment Reporting and Geographical Information The Company’s operations consist of the design, development, manufacture and sale of specialty data recorder and acquisition systems, label printing and applicator systems and related consumable supplies. The Company organizes and manages its business as a portfolio of products and services designed around a common theme of data acquisition and information output. The Company reports two reporting segments consistent with its sales product groups: Test & Measurement (T&M) and QuickLabel Systems (QuickLabel). T&M produces data recording equipment used worldwide for a variety of recording, monitoring and troubleshooting applications for the aerospace, automotive, metal mill, power and telecommunications industries. QuickLabel produces an array of high-technology digital color and monochrome label printers, labeling software and consumables for a variety of commercial industries worldwide. Business is conducted in the United States and through foreign affiliates in Canada and Europe. Manufacturing activities are primarily conducted in the United States. Sales and service activities outside the United States are conducted through wholly-owned entities and, to a lesser extent, through authorized distributors and agents. Transfer prices are intended to produce gross profit margins as would be associated with an arms-length transaction. On January 31, 2013, the Company completed the sale of substantially all of the assets of its Grass Technologies Product Group (Grass) in order to focus on its existing core businesses. Grass produced a range of instrumentation equipment and supplies for clinical neurophysiology (EEG and epilepsy monitoring), polysomnography (PSG—Sleep Monitoring) and biomedical research applications used by universities, medical centers and companies engaged in a variety of clinical and research activities. Consequently, the Company has classified the results of operations of Grass as discontinued operations for all periods presented. Refer to Note 17 for further details. The accounting policies of the reporting segments are the same as those described in the summary of significant accounting policies herein. The Company evaluates segment performance based on the segment profit before corporate and financial administration expenses. Summarized below are the Net Sales and Segment Operating Profit (both in dollars and as a percentage of Net Sales) for each reporting segment:
($ in thousands) |  | Net Sales |  |  | Segment Operating Profit |  |  | Segment Operating Profit % of Net Sales |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
T&M |  | $ | 17,636 |  |  | $ | 17,138 |  |  | $ | 3,109 |  |  | $ | 2,425 |  |  |  | 17.6 | % |  |  | 14.1 | %
QuickLabel |  |  | 43,588 |  |  |  | 43,586 |  |  |  | 4,380 |  |  |  | 2,553 |  |  |  | 10.0 | % |  |  | 5.9 | %
Total |  | $ | 61,224 |  |  | $ | 60,724 |  |  |  | 7,489 |  |  |  | 4,978 |  |  |  | 12.2 | % |  |  | 8.2 | %
Corporate Expenses |  |  |  |  |  |  |  |  |  |  | 4,563 |  |  |  | 3,969 |  |  |  |  |  |  |  |  |
Loss on Sale of Asheboro* |  |  |  |  |  |  |  |  |  |  | — |  |  |  | (681 | ) |  |  |  |  |  |  |  |
Operating Income |  |  |  |  |  |  |  |  |  |  | 2,926 |  |  |  | 328 |  |  |  |  |  |  |  |  |
Other Income (Expense), Net |  |  |  |  |  |  |  |  |  |  | (41 | ) |  |  | 316 |  |  |  |  |  |  |  |  |
Income From Continuing Operations Before Income Taxes |  |  |  |  |  |  |  |  |  |  | 2,885 |  |  |  | 644 |  |  |  |  |  |  |  |  |
Income Tax Provision (Benefit) |  |  |  |  |  |  |  |  |  |  | 847 |  |  |  | (97 | ) |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | 2,038 |  |  |  | 741 |  |  |  |  |  |  |  |  |
Income from Discontinued Operations, Net of Taxes |  |  |  |  |  |  |  |  |  |  | 8,729 |  |  |  | 2,391 |  |  |  |  |  |  |  |  |
Net Income |  |  |  |  |  |  |  |  |  | $ | 10,767 |  |  | $ | 3,132 |  |  |  |  |  |  |  |  |
* | The Asheboro operations were part of the QuickLabel Systems segment.
No customer accounted for greater than 10% of net sales in fiscal 2013 and 2012. Other information by segment is presented below:
(In thousands) |  | Assets |
|  | 2013 |  |  | 2012 |
T&M |  | $ | 10,493 |  |  | $ | 10,300 |
QuickLabel |  |  | 23,468 |  |  |  | 21,260 |
Discontinued Operations |  |  | 3,131 |  |  |  | 11,054 |
Corporate* |  |  | 42,821 |  |  |  | 24,448 |
Total |  | $ | 79,913 |  |  | $ | 67,062 |
* | Corporate assets consist of cash and cash equivalents, securities available for sale, income tax accounts and accruals.
(In thousands) |  | Depreciation and Amortization |  |  | Capital Expenditures |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
T&M |  | $ | 435 |  |  | $ | 567 |  |  | $ | 383 |  |  | $ | 497 |
QuickLabel |  |  | 710 |  |  |  | 806 |  |  |  | 398 |  |  |  | 535 |
Discontinued Operations |  |  | 186 |  |  |  | 203 |  |  |  | 68 |  |  |  | 122 |
Total |  | $ | 1,331 |  |  | $ | 1,576 |  |  | $ | 849 |  |  | $ | 1,154 |
Geographical Data Presented below is selected financial information by geographic area:
(In thousands) |  | Net Sales |  |  | Long-Lived Assets |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
United States |  | $ | 44,613 |  |  | $ | 43,570 |  |  | $ | 6,741 |  |  | $ | 7,073 |
Europe |  |  | 12,324 |  |  |  | 12,914 |  |  |  | 609 |  |  |  | 646 |
Canada |  |  | 2,136 |  |  |  | 2,074 |  |  |  | 438 |  |  |  | 494 |
Asia |  |  | 910 |  |  |  | 1,050 |  |  |  | — |  |  |  | — |
Central and South America |  |  | 752 |  |  |  | 610 |  |  |  | — |  |  |  | — |
Other |  |  | 489 |  |  |  | 506 |  |  |  | — |  |  |  | — |
Total |  | $ | 61,224 |  |  | $ | 60,724 |  |  | $ | 7,788 |  |  | $ | 8,213 |
Long-lived assets excludes goodwill assigned to the T&M segment of $0.7 million at January 31, 2013 and 2012.

X
- 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 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: 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 11: 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 12: 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 13: 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 14: 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 15: 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 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingMeasurementDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration