Segment Information

9 Months Ended

Apr. 30, 2016

Segment Information

(16) 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 four reportable segments: Americas, Asia, Europe and e-Business. During the prior year, the Company had determined that it had three reportable segments: Americas; Asia; and Europe. e-Business was reported as a part of the All Other category in the prior year. 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,
	2016			2015			2016			2015
	(In thousands)
Net revenue:
Americas	$	22,707		$	32,732		$	84,126		$	167,772
Asia		33,217			35,082			131,624			123,530
Europe		33,186			30,720			116,585			125,761
e-Business		7,350			7,700			25,180			24,925
	$	96,460		$	106,234		$	357,515		$	441,988
Operating income (loss):
Americas	$	(3,601	)	$	(2,771	)	$	(11,598	)	$	(1,292	)
Asia		(2,015	)		895			1,031			8,925
Europe		(3,826	)		(2,700	)		(9,096	)		(5,030	)
e-Business		(1,248	)		(12	)		(2,149	)		510
Total Segment operating income (loss)		(10,690	)		(4,588	)		(21,812	)		3,113
Corporate-level activity		(1,807	)		(2,964	)		(5,155	)		(8,872	)
Total operating loss		(12,497	)		(7,552	)		(26,967	)		(5,759	)
Total other expense		260			3,860			13,714			5,489
Loss before income taxes	$	(12,757	)	$	(11,412	)	$	(40,681	)	$	(11,248	)

	April 30, 2016		July 31, 2015
	(In thousands)
Total assets:
Americas	$	26,535	$	41,367
Asia		102,070		122,277
Europe		79,237		67,783
e-Business		30,790		35,512
Sub-total - segment assets		238,632		266,939
Corporate		158,294		179,563
	$	396,926	$	446,502

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

	Three Months Ended April 30,				Nine Months Ended April 30,
	2016		2015		2016		2015
	(In thousands)
Supply chain services	$	89,110	$	98,534	$	332,335	$	417,063
e-Business services		7,350		7,700		25,180		24,925
	$	96,460	$	106,234	$	357,515	$	441,988

As of April 30, 2016, approximately $12.0 million, $6.0 million, $3.7 million and $3.1 million of the Company’s long-lived assets were located in the U.S.A., Netherlands, Ireland and China, respectively. As of July 31, 2015, approximately $12.4 million, $5.2 million, $3.7 million and $3.3 million of the Company’s long-lived assets were located in the U.S.A., Netherlands, Ireland and China, respectively.

For the three months ended April 30, 2016, the Company’s net revenues within U.S.A., China, Netherlands and Czech Republic were $23.7 million, $26.0 million, $13.5 million and $17.8 million, 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 nine months ended April 30, 2016, the Company’s net revenues within U.S.A., China, Netherlands and Czech Republic were $88.8 million, $109.8 million, $51.2 million and $58.7 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.