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Segment Information
12 Months Ended
Dec. 31, 2012
Segment Information [Abstract]  
Segment Information

 

 

14.

SEGMENT INFORMATION

We currently operate in three reportable segments: Autoscope, RTMS and CitySync. Autoscope is our machine-vision product line, and revenue consists of royalties (all of which are received from Econolite), as well as a portion of international product sales. RTMS is our radar product line acquired in the EIS asset purchase in December 2007. CitySync is our ANPR product line acquired in the CitySync purchase in June 2010. All segment revenues are derived from external customers.

Our presentation of segments has changed from 2010 as company-wide organizational changes completed in 2011 resulted in the chief operating decision-maker focusing on segment gross profit. The segment information below has been reclassified to reflect these changes. Operating expenses and total assets are not allocated to the segments for internal reporting purposes. Due to the amended manufacturing and distribution agreement with Econolite and the related changes in how we manage our business, we may reevaluate our segment definitions in the future.

The following tables set forth selected unaudited financial information for each of our reportable segments (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2012

 

 

 


 

 

 

Autoscope

 

RTMS

 

CitySync

 

Total

 

 

 


 


 


 


 

Revenue

 

$

16,031

 

$

4,118

 

$

4,814

 

$

24,963

 

Gross profit

 

 

14,010

 

 

1,798

 

 

2,449

 

 

18,257

 

Goodwill impairment

 

 

 

 

1,372

 

 

1,803

 

 

3,175

 

Amortization of intangible assets

 

 

 

 

748

 

 

874

 

 

1,622

 

Intangible assets

 

 

 

 

1,430

 

 

5,059

 

 

6,489

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2011

 

 

 


 

 

 

Autoscope

 

RTMS

 

CitySync

 

Total

 

 

 


 


 


 


 

Revenue

 

$

17,445

 

$

7,366

 

$

5,710

 

$

30,521

 

Gross profit

 

 

15,096

 

 

3,512

 

 

2,696

 

 

21,304

 

Goodwill impairment

 

 

525

 

 

7,392

 

 

3,768

 

 

11,685

 

Amortization of intangible assets

 

 

 

 

768

 

 

882

 

 

1,650

 

Intangible assets and goodwill

 

 

 

 

3,551

 

 

7,457

 

 

11,008

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 2010

 

 

 


 

 

 

Autoscope

 

RTMS

 

CitySync

 

Total

 

 

 


 


 


 


 

Revenue

 

$

16,659

 

$

9,819

 

$

5,203

 

$

31,681

 

Gross profit

 

 

15,054

 

 

6,104

 

 

2,724

 

 

23,882

 

Amortization of intangible assets

 

 

 

 

768

 

 

450

 

 

1,218

 

Intangible assets and goodwill

 

 

525

 

 

11,710

 

 

11,991

 

 

24,226

 

We derived the following percentages of our net revenues from the following geographic regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

 


 


 


 

Asia Pacific

 

11

%

 

4

%

 

11

%

 

Europe

 

35

%

 

31

%

 

26

%

 

North America

 

54

%

 

65

%

 

63

%

 

No countries other than the United States and the United Kingdom had revenue in excess of 10% of our total revenue during any periods presented. The aggregate net book value of long-lived assets held outside of the United States, not including goodwill and intangible assets, was $1.2 million and $651,000 at December 31, 2012 and 2011, respectively.