Note 12 - Segment and Related Information

6 Months Ended

Dec. 31, 2011

Note 12 - Segment and Related Information Disclosure

Note 12 - Segment and Related Information

(12) Segment and Related Information

The Company’s two reportable segments are the Wireless Group and the Space & Defense Group. These segments have been determined based upon the nature of the products and services offered, customer base, technology, availability of discrete internal financial information, homogeneity of products, and delivery channel, and are consistent with the way the Company organizes and evaluates financial information internally for purposes of making operating decisions and assessing performance.

The Wireless Group designs, manufactures, and markets commercial products used mainly by the wireless communications market. The Space & Defense Group designs, manufactures, and markets specialized products for the space and defense electronics markets.

The following table reflects the operating results of the segments consistent with the Company’s internal financial reporting process.  The following results are used in part, by management, both in evaluating the performance of, and in allocating resources to, each of the segments:

(amounts in thousands)	Wireless			Space & Defense		Unallocated			Consolidated
Net sales ( Three Months Ended):
December 31, 2011	$	10,793		$	24,944	$	-		$	35,737
December 31, 2010		15,599			27,844		-			43,443
Net sales ( Six Months Ended):
December 31, 2011		29,007			45,450		-			74,457
December 31, 2010		31,124			56,858		-			87,982
Operating income ( loss ) ( Three Months Ended)
December 31, 2011 (1)		(861	)		2,367		(98	)		1,408
December 31, 2010 (1)		2,297			3,285		(50	)		5,532
Operating income ( Six Months Ended)
December 31, 2011 (1)		2,822			2,273		(98	)		4,997
December 31, 2010 (1)		5,277			6,994		(570	)		11,701
Goodwill and intangible assets:
December 31, 2011		30,716			20,038		-			50,754
June  30, 2011		30,716			20,634		-			51,350

(1) Unallocated amounts relate to the lease expense incurred on the Company’s operating lease located in England.