Note 12 - Segment and Related Information

3 Months Ended

Sep. 30, 2012

Segment Reporting Disclosure [Text Block]

(12) Segment and Related Information

The Company operates predominately in the wireless communications, satellite communications, and space and defense electronics markets. 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 of the Company designs, manufactures, and markets specialized products for the radar and communications 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):
September 30, 2012	$	13,202	$	25,860		$	-	$	39,062
September 30, 2011		18,213		20,507			-		38,720
Operating income (loss) (Three Months Ended)
September 30, 2012		1,858		2,134			-		3,992
September 30, 2011		3,684		(95	)		-		3,589
Goodwill and intangible assets:
September 30, 2012		30,716		19,142			-		49,858
June 30, 2012		30,716		19,397			-		50,113