REPORTABLE SEGMENT AND GEOGRAPHICAL INFORMATION

3 Months Ended

Mar. 31, 2013

REPORTABLE SEGMENT AND GEOGRAPHICAL INFORMATION

REPORTABLE SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 12—REPORTABLE SEGMENT AND GEOGRAPHICAL INFORMATION

ASC 280—10—50 Disclosure about Segment 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 segment within the enterprise for making operating decisions and assessing financial performance. Since the Company has one product line, 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, goodwill impairment, stock—based compensation expense, amortization of deferred financing costs, restructuring 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

	Three Months EndedMarch 31,
	2013			2012
Reconciliation of Adjusted EBITDA to Net Loss from Continuing Operations
Adjusted EBITDA	$	(3,619	)	$	4,981
Depreciation and amortization	(492		)	(3,946		)
Amortization of deferred financing costs	(17		)	(82		)
Interest income (expense), net	1			(61		)
Income tax benefit	1,844			975
Restructuring	(1,573		)	—
Goodwill impairment	—			(82,524		)
Stock—based compensation	(354		)	(1,474		)
Net Loss from Continuing Operations	$	(4,210	)	$	(82,131	)

Operations by Geographic Area

	Three Months Ended
	March 31,
	2013		2012
Net Sales
Malaysia	$	6,237	$	13,391
Spain	3,649		11,326
United States	1,329		6,366
Total Net Sales	$	11,215	$	31,083

Long—Lived Assets by Geographic Area

	March 31,		December 31,
	2013		2012
Long—Lived Assets
United States	$	6,919	$	6,738
Malaysia	9,134		9,063
Spain	9,245		9,772
China	2,170		2,170
Hong Kong	6		7
Total Long—Lived Assets	$	27,474	$	27,750

Foreign sales are based on the country in which the sales originate. Net sales to three of the Company’s major customers that exceeded 10% of the Company’s consolidated net sales for the three months ended March 31, 2013 was $8,309 and to one of the Company’s major customers that exceeded 10% of the Company’s consolidated net sales for the three months ended March 31, 2012  was $10,540.

Accounts receivable from the three customers amounted to $2,594 and accounts receivable from one customer amounted to $1,967 as of March 31, 2013 and December 31, 2012, respectively.