Note 12 - Segment and Related Information

9 Months Ended

Mar. 31, 2013

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):
March 31, 2013	$	11,965		$	27,009	$	-		$	38,974
March 31, 2012		10,235			24,482		-			34,717
Net sales (Nine Months Ended):
March 31, 2013		38,016			78,022		-			116,038
March 31, 2012		39,241			69,933		-			109,174
Operating income (loss) (Three Months Ended)
March 31, 2013 (2)		1,435			3,253		238			4,926
March 31, 2012 (1)		(137	)		1,969		(80	)		1,752
Operating income (loss) (Nine Months Ended)
March 31, 2013 (2)		5,322			8,437		238			13,997
March 31, 2012 (1)		2,686			4,241		(178	)		6,749
Goodwill and intangible assets:
March 31, 2013		30,716			18,687		-			49,403
June 30, 2012		30,716			19,397		-			50,113

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

(2) Unallocated amounts relate to the gain due to the early settlement of the operating lease located in England.