REPORTABLE SEGMENT AND GEOGRAPHICAL INFORMATION

12 Months Ended

Dec. 31, 2013

REPORTABLE SEGMENT AND GEOGRAPHICAL INFORMATION

REPORTABLE SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 16—REPORTABLE SEGMENT AND GEOGRAPHICAL INFORMATION

         ASC 280-10-50—Disclosure about Segments of an Enterprise and Related Information, establishes standards for the manner in which companies report information about operating segments, products, geographic areas and major customers. The method of determining what information to report is based on the way that management organizes the operating segments within the enterprise for making operating decisions and assessing financial performance. Prior to the sale of its QA business, the Company reported two operating segments: QA and Solar. Due to the sale, QA is being reported as a discontinued operation and the Company reassessed its segment reporting. Since the Company has one product, sells to global customers in one industry, procures raw materials from similar vendors and expects similar long-term economic characteristics, the Company has one reporting segment and the information as to its operation is set forth below.

         Adjusted EBITDA is the main metric used by the management team and the Board of Directors to plan, forecast and review the Company's segment performance. Adjusted EBITDA represents net loss from continuing operations before interest income and expense, income tax expense, depreciation, amortization of intangible assets, stock-based compensation expense, restructuring, transaction fees and certain non-recurring income and expenses from the results of operations.

         The following tables set forth information about the Company's operations by its reportable segment and by geographic area:

Operations by Reportable Segment

	Year Ended December 31, 2013			Year Ended December 31, 2012			Year Ended December 31, 2011
Reconciliation of Adjusted EBITDA to Net Loss from Continuing Operations
Adjusted EBITDA	$	(17,150	)	$	3,123		$	62,703
Depreciation and amortization		(2,024	)		(19,687	)		(16,625	)
Amortization of deferred financing costs		(189	)		(1,079	)		(4,552	)
Interest (expense) income, net		(30	)		(196	)		237
Income tax benefit (expense)		7,349			66,264			(10,673	)
Goodwill impairment		—			(82,524	)		(63,948	)
Intangible asset impairment		—			(135,480	)		—
Asset impairment		(194	)		(37,431	)		(1,861	)
Restructuring		(4,331	)		(1,069	)		(308	)
Stock-based compensation		(1,902	)		(3,494	)		(4,436	)
Gain (loss) on disposal of property, plant and equipment		185			(2	)		35
Net Loss from Continuing Operations	$	(18,286	)	$	(211,575	)	$	(39,428	)

Operations by Geographic Area

	Year Ended December 31, 2013		Year Ended December 31, 2012		Year Ended December 31, 2011
Net Sales
United States	$	1,976	$	17,037	$	61,294
Spain		16,996		38,881		95,270
Malaysia		11,553		39,427		75,867
China		1,335		—		—
Total Net Sales	$	31,860	$	95,345	$	232,431

Long-Lived Assets by Geographic Area

	December 31, 2013		December 31, 2012
Long-Lived Assets
United States	$	6,906	$	6,738
Malaysia		9,354		9,063
Spain		9,141		9,772
China		2,994		2,170
Hong Kong		3		7
Total Long-Lived Assets	$	28,398	$	27,750

         Foreign sales are based on the country in which the sales originated. Net sales to four of the Company's major customers that exceeded 10% of the Company's consolidated net sales for the ended December 31, 2013 was $17,924. Net sales to one of the Company's major customers for the year ended December 31, 2012 was $39,162. Net sales to two of the Company's major customers for the year ended December 31, 2011 was $77,088. Accounts receivable from four customers amounted to $4,148 as of December 31, 2013, from one customer amounted to $1,967 as of December 31, 2012 and $4,274 from two customers as of December 31, 2011, respectively.