Operating Segment, Geographic Information and Significant Customers (Tables)

6 Months Ended

Dec. 31, 2012

Summary of Performance of Operations by Reportable Segment

The following is a summary of the performance of the Company’s operations by reportable segment:

	ACS		MFS			Eliminations			Total
THREE MONTHS ENDED DECEMBER 31, 2012
Net revenues to unaffiliated customers	$	43,453	$	7,862		$	(1,511	)	$	49,804
Intersegment revenues		3,239		4			(3,243	)		—
Net revenues	$	46,692	$	7,866		$	(4,754	)	$	49,804
Adjusted EBITDA	$	2,376	$	(727	)	$	(650	)	$	999
THREE MONTHS ENDED DECEMBER 31, 2011
Net revenues to unaffiliated customers	$	64,062	$	5,191		$	(1,294	)	$	67,959
Intersegment revenues		1,996		—			(1,996	)		—
Net revenues	$	66,058	$	5,191		$	(3,290	)	$	67,959
Adjusted EBITDA	$	18,097	$	1,065		$	(325	)	$	18,837
SIX MONTHS ENDED DECEMBER 31, 2012
Net revenues to unaffiliated customers	$	81,261	$	17,778		$	193		$	99,232
Intersegment revenues		8,147		12			(8,159	)		—
Net revenues	$	89,408	$	17,790		$	(7,966	)	$	99,232
Adjusted EBITDA	$	1,942	$	726		$	(27	)	$	2,641
SIX MONTHS ENDED DECEMBER 31, 2011
Net revenues to unaffiliated customers	$	109,458	$	9,363		$	(1,740	)	$	117,081
Intersegment revenues		3,929		—			(3,929	)		—
Net revenues	$	113,387	$	9,363		$	(5,669	)	$	117,081
Adjusted EBITDA	$	26,251	$	1,573		$	(259	)	$	27,565

Reconciliation of Net Income, Most Directly Comparable GAAP Financial Measure to Adjusted EBITDA

The following table reconciles the Company’s net income, the most directly comparable GAAP financial measure, to its adjusted EBITDA:

	Three Months Ended December 31,						Six Months Ended December 31,
(In thousands)	2012			2011			2012			2011
Net (loss) income	$	(4,784	)	$	9,045		$	(11,984	)	$	11,698
Interest expense, net		13			6			19			9
Tax (benefit) provision		(2,192	)		4,828			(5,843	)		6,142
Depreciation		2,191			1,905			4,402			3,760
Amortization of intangible assets		2,230			692			4,018			1,508
Restructuring and other charges		217			—			5,201			—
Acquisition costs and other related expenses		42			593			272			618
Fair value adjustments from purchase accounting		1,272			(44	)		2,197			(22	)
Stock-based compensation expense		2,010			1,812			4,359			3,852
Adjusted EBITDA	$	999		$	18,837		$	2,641		$	27,565

Geographic Distribution of Revenues and Long Lived Assets from Continuing Operations

The geographic distribution of the Company’s revenues is summarized as follows:

	US		Europe		Asia Pacific		Eliminations			Total
THREE MONTHS ENDED DECEMBER 31, 2012
Net revenues to unaffiliated customers	$	45,953	$	1,084	$	2,767	$	—		$	49,804
Inter-geographic revenues		2,749		138		19		(2,906	)		—
Net revenues	$	48,702	$	1,222	$	2,786	$	(2,906	)	$	49,804
THREE MONTHS ENDED DECEMBER 31, 2011
Net revenues to unaffiliated customers	$	66,458	$	349	$	1,152	$	—		$	67,959
Inter-geographic revenues		762		178		11		(951	)		—
Net revenues	$	67,220	$	527	$	1,163	$	(951	)	$	67,959
SIX MONTHS ENDED DECEMBER 31, 2012
Net revenues to unaffiliated customers	$	93,588	$	1,428	$	4,216	$	—		$	99,232
Inter-geographic revenues		3,927		187		45		(4,159	)		—
Net revenues	$	97,515	$	1,615	$	4,261	$	(4,159	)	$	99,232
SIX MONTHS ENDED DECEMBER 31, 2011
Net revenues to unaffiliated customers	$	113,335	$	1,141	$	2,605	$	—		$	117,081
Inter-geographic revenues		2,944		435		31		(3,410	)		—
Net revenues	$	116,279	$	1,576	$	2,636	$	(3,410	)	$	117,081

Foreign revenue is based on the country in which the Company’s legal subsidiary is domiciled.

The geographic distribution of the Company’s long-lived assets is summarized as follows:

	U.S.		Europe		Asia Pacific		Eliminations		Total
December 31, 2012	$	18,229	$	32	$	—	$	—	$	18,261
June 30, 2012	$	15,895	$	32	$	2	$	—	$	15,929

Customers Comprising Ten Percent or More Revenues

Customers comprising 10% or more of the Company’s revenues for the periods shown below are as follows:

	Three Months Ended December 31,						Six Months Ended December 31,
	2012			2011			2012			2011
Northrop Grumman Corporation		13	%		27	%		12	%		23	%
Raytheon Company		12			30			*			27
Lockheed Martin Corporation		*			17			*			14
		25	%		74	%		12	%		64	%

* Indicates that the amount is less than 10% of the Company’s revenues for the respective period.

Programs Comprising Ten Percent or more Revenues

Programs comprising 10% or more of the Company’s revenue for the periods shown below are as follows:

	Three Months Ended December 31,						Six Months Ended December 31,
	2012			2011			2012			2011
Joint Strike Fighter		*	%		21	%		*	%		19	%
Classified Airborne Radar Program		*			19	%		*			11	%
Aegis		*			13	%		*			11	%
		0	%		53	%		0	%		41	%

* Indicates that the amount is less than 10% of the Company’s revenues for the respective periods.