Business Segment Information

12 Months Ended

Jul. 31, 2015

Business Segment Information [Abstract]

Business Segment Information

Note 10—Business Segment Information

The Company has two reportable business segments, Straight Path Spectrum, which holds, leases and sells fixed wireless spectrum, and Straight Path IP Group, which holds intellectual property primarily related to communications over the Internet and the licensing and other businesses related to this intellectual property.

The Company’s reportable segments are distinguished by types of service, customers and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker.

The accounting policies of the segments are the same as the accounting policies of the Company as a whole. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. There are no significant asymmetrical allocations to segments.

Operating results for the business segments of the Company were as follows:

(in thousands)	Straight Path Spectrum			Straight Path IP Group			Total
Year ended July 31, 2015
Revenues	$	426		$	12,814		$	13,240
Income (loss) from operations		(1,641	)		1,907			266
Year ended July 31, 2014
Revenues	$	424		$	4,372		$	4,796
Loss from operations		(495	)		(197	)		(692	)
Year ended July 31, 2013
Revenues	$	525		$	605		$	1,130
Loss from operations		(1,891	)		(1,724	)		(3,615	)
Gain on sale of rights in wireless spectrum included in loss from operations		150			—			150
Loss on settlement of Straight Path Spectrum legal proceedings included in
loss from operations		(1,150	)		—			(1,150	)

Total assets for the business segments of the Company were as follows:

(in thousands)	Straight Path Spectrum		Straight Path IP Group		Total
Total assets:
July 31, 2015	$	5,637	$	14,601	$	20,238
July 31, 2014	$	5,586	$	24,853	$	30,439

None of the Company’s revenues were generated outside of the United States in fiscal 2015, fiscal 2014 or fiscal 2013. The Company did not have any assets outside the United States at July 31, 2015 or 2014.