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SEGMENT INFORMATION
 12 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
SEGMENT INFORMATION
Segment Information

Information regarding segments is presented in accordance with ASC 280, Segment Reporting. Based on the criteria outlined in this guidance, the Company's operations are classified into four reportable business segments: Precision Components Group, 3DMT Group, Flanges and Fittings Group, and Wireless Group. Certain amounts from 2013 have been reclassified to conform to the current year presentation as a result of adding the 3DMT Group as a reportable business segment during fiscal year 2014.

•
The Precision Components Group companies provide highly engineered fabricated metal components using processes consisting of metal injection molding, metal stamping, and the hermetic sealing of certain components. Industries served include medical/dental devices, firearms and defense, automotive, aerospace, consumer durables, and electronic devices.
•
The 3DMT Group was strategically established in the second quarter of fiscal year 2014 to meet customer needs of reducing costs and accelerating the “speed-to-market” through rapid prototyping, short run production, and rapid tooling. The segment consists of our tooling product line, 3D Material Technologies, and ATC, which was acquired in April 2014.
•
The Flange and Fittings Group consists of GF&F. GF&F provides custom machining needs and special flange facings. During the third quarter of fiscal 2013, the Company made the decision to discontinue the operations of TubeFit, which was previously included within its Flanges & Fittings segment. Consequently, the Company has classified the results of operations of TubeFit as a discontinued operation for all periods presented.
•
The Wireless Group focuses on wireless broadband technology related to propagation and optimization. It designs and develops hardware, including antennas, radios, and related accessories, used in broadband and other wireless networks. Products are sold to public and private carriers, wireless infrastructure providers, wireless equipment distributors, value added resellers and other original equipment manufacturers.

Summarized segment information for the Company's four segments for years ended June 30, 2014 and 2013 is as follows:
 
 
Fiscal Year Ended June 30,
 
 
2014
 
2013
Net sales:
 
 

 
 

Precision components group
 
$
67,826

 
$
56,473

3DMT group
 
6,922

 
3,468

Flanges and fittings group
 
5,492

 
6,494

Wireless group
 
2,686

 
2,051

Consolidated net sales
 
$
82,926

 
$
68,486

 
 
 
 
 
Operating costs:
 
 

 
 

Precision components group
 
55,999

 
49,393

3DMT group
 
6,819

 
2,766

Flanges and fittings group
 
5,027

 
5,880

Wireless group
 
2,135

 
2,255

Consolidated operating costs
 
$
69,980

 
$
60,294

 
 
 
 
 
Segment operating income/(loss) from continuing operations:
 
 

 
 

Precision components group
 
11,827

 
7,080

3DMT group
 
103

 
702

Flanges and fittings group
 
465

 
614

Wireless group
 
551

 
(204
)
Corporate expense
 
(4,980
)
 
(3,157
)
Total segment operating income from continuing operations
 
$
7,966

 
$
5,035

 
 
 
 
 
Interest expense, net
 
(1,399
)
 
(1,142
)
Gain on bargain purchase
 
—

 
381

Other non-operating income(expense)
 
588

 
52

Non-operating income (expense)
 
(811
)
 
(709
)
Consolidated income from continuing operations before income tax expense and non-controlling interest
 
$
7,155

 
$
4,326

 
Fiscal Years
 
2014
 
2013
Capital expenditures:
 
 

 
 

Precision components group
 
$
4,591

 
$
803

3DMT group
 
5,354

 
—

Flanges and fittings group
 
11

 
15

Wireless group
 
10

 
—

Consolidated capital expenditures
 
$
9,966

 
$
818

 
 
 
 
 
Depreciation and amortization expense:
 
 

 
 

Precision components group
 
$
3,494

 
$
3,191

3DMT group
 
707

 
—

Flanges and fittings group
 
101

 
102

Wireless group
 
83

 
100

Consolidated depreciation and amortization expense
 
$
4,385

 
$
3,393

 
Total assets:
 
2014
 
2013
Precision components group
 
$
91,045

 
$
58,165

3DMT group
 
29,826

 
—

Flanges and fittings group
 
3,650

 
4,521

Wireless group
 
1,515

 
1,422

Corporate
 
10,353

 
2,302

Discontinued operations
 
—

 
262

Consolidated total assets
 
$
136,389

 
$
66,672


 
Geographic information for the Company is as follows (in thousands):

 
Fiscal Year Ended June 30,
 
2014
 
2013
Sales from continuing operations: (1)
 
 
 
U.S.
$
69,712

 
$
57,597

International
13,214

 
10,889

 
$
82,926

 
$
68,486

(1) Sales are attributable to the country in which the product is manufactured or service is provided.
 
 
 
 
As of June 30,
 
2014
 
2013
Long-lived assets:
 
 
 
U.S.
$
82,861

 
$
29,450

International
9,589

 
10,720

 
$
92,450

 
$
40,170