Segment Information

9 Months Ended

Apr. 30, 2015

Segment Information

(19) SEGMENT INFORMATION

The Company has four operating segments: Americas; Asia; Europe; and e-Business. Based on the information provided to the Company’s chief operating decision-maker (“CODM”) for purposes of making decisions about allocating resources and assessing performance and quantitative thresholds, the Company has determined that it has three reportable segments: Americas, Asia and Europe. In addition to its three reportable segments, the Company reports an All Other category. The All Other category primarily represents the e-Business operating segment. The Company also has Corporate-level activity, which consists primarily of costs associated with certain corporate administrative functions such as legal and finance, which are not allocated to the Company’s reportable segments. The Corporate-level balance sheet information includes cash and cash equivalents, trading securities, investments in affiliates, notes payables and other assets and liabilities which are not identifiable to the operations of the Company’s operating segments. All significant intra-segment amounts have been eliminated.

Summarized financial information of the Company’s continuing operations by operating segment is as follows:

	Three Months Ended						Nine Months Ended
	April 30,						April 30,
	2015			2014			2015			2014
	(In thousands)
Net revenue:
Americas	$	32,732		$	74,429		$	167,772		$	229,791
Asia		35,082			41,387			123,530			134,307
Europe		30,720			48,423			125,761			165,790
All Other		7,700			9,035			24,925			28,812
	$	106,234		$	173,274		$	441,988		$	558,700
Operating income (loss):
Americas	$	(2,771	)	$	2,736		$	(1,292	)	$	8,304
Asia		895			2,342			8,925			14,001
Europe		(2,700	)		(4,439	)		(5,030	)		(8,934	)
All Other		(12	)		(411	)		510			98
Total Segment operating income		(4,588	)		228			3,113			13,469
Corporate-level activity		(2,964	)		(5,366	)		(8,872	)		(14,751	)
Total operating loss		(7,552	)		(5,138	)		(5,759	)		(1,282	)
Total other expense		(3,860	)		(3,640	)		(5,489	)		(3,871	)
Loss from continuing operations before income taxes	$	(11,412	)	$	(8,778	)	$	(11,248	)	$	(5,153	)

	April 30,		July 31,
	2015		2014
	(In thousands)
Total assets:
Americas	$	38,459	$	73,254
Asia		143,371		78,749
Europe		66,046		81,327
All Other		21,996		14,221
Sub-total - segment assets		269,872		247,551
Corporate		205,703		204,095
	$	475,575	$	451,646

Summarized financial information of the Company’s net revenue from external customers by group of services is as follows:

	Three Months Ended				Nine Months Ended
	April 30,				April 30,
	2015		2014		2015		2014
	(In thousands)
Supply chain services	$	91,890	$	149,777	$	380,268	$	489,324
Aftermarket services		6,644		14,462		36,795		40,564
e-Business services		7,700		9,035		24,925		28,812
	$	106,234	$	173,274	$	441,988	$	558,700

As of April 30, 2015, approximately $13.7 million, $4.0 million and $3.8 million of the Company’s long-lived assets were located in the U.S.A., Netherlands and Ireland, respectively. As of July 31, 2014, approximately $19.3 million, $3.6 million and $4.7 million of the Company’s long-lived assets were located in the U.S.A., Netherlands and Ireland, respectively.

For the three months ended April 30, 2015, the Company’s net revenues within U.S.A., China, Netherlands and Czech Republic were $33.6 million, $28.2 million, $12.7 million and $16.6 million, respectively. For the three months ended April 30, 2014, the Company’s net revenues within U.S.A., China, Netherlands and Czech Republic were $73.4 million, $30.3 million, $24.0 million and $20.7 million, respectively.

For the nine months ended April 30, 2015, the Company’s net revenues within U.S.A., China, Netherlands and Czech Republic were $169.9 million, $100.3 million, $52.6 million and $65.4 million, respectively. For the three months ended April 30, 2014, the Company’s net revenues within U.S.A., China, Netherlands and Czech Republic were $229.9 million, $98.5 million, $78.1 million and $73.7 million, respectively.