Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.7.0.1
Segment Information
 3 Months Ended
Mar. 31, 2017
Segment Information [Abstract]  
Segment Information

NOTE 10 – SEGMENT INFORMATION



The Company classifies its businesses into four segments as follows:



·

Suttle manufactures and markets connectivity infrastructure products for broadband and voice communications;

·

Transition Networks manufactures media converters, NIDs, NICs, Ethernet switches and other connectivity products that offer the ability to affordably integrate the benefits of fiber optics into any data network;

·

JDL Technologies provides technology solutions that address prevalent IT challenges, including virtualization and cloud solutions, managed services, wired and wireless network design and implementation, and converged infrastructure configuration and deployment; and

·

Net2Edge develops, manufactures and sells products that enable telecommunications carriers to connect legacy networks to high-speed services.



Management has chosen to organize the enterprise and disclose reportable segments based on our products and services. Intersegment revenues are eliminated upon consolidation.



Information concerning the Company’s continuing operations in the various segments for the three-month periods ended March 31, 2017 and 2016 is as follows:







 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

Transition

 

JDL

 

 

 

 

 

Intersegment

 

 



 

Suttle

 

Networks

 

Technologies

 

Net2Edge

 

Other

 

Eliminations

 

Total

Three Months Ended March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

$

 8,772,000 

$

 9,004,000 

$

 2,864,000 

$

 357,000 

$

 -

$

 (197,000)

$

 20,800,000 

Cost of sales

 

 7,714,000 

 

 5,119,000 

 

 1,903,000 

 

 100,000 

 

 -

 

 (1,000)

 

 14,835,000 

Gross profit

 

 1,058,000 

 

 3,885,000 

 

 961,000 

 

 257,000 

 

 -

 

 (196,000)

 

 5,965,000 

Selling, general and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  administrative expenses

 

 2,210,000 

 

 3,739,000 

 

 576,000 

 

 708,000 

 

 

 

 (196,000)

 

 7,037,000 

Restructuring expense

 

 388,000 

 

 -

 

 -

 

 -

 

 -

 

 -

 

 388,000 

Operating (loss) income

$

 (1,540,000)

$

 146,000 

$

 385,000 

$

 (451,000)

$

 -

$

 -

$

 (1,460,000)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

$

 591,000 

$

 187,000 

$

 77,000 

$

 18,000 

$

 -

$

 -

$

 873,000 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

$

 23,000 

$

 -

$

 2,000 

$

 9,000 

$

 4,000 

$

 -

$

 38,000 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

$

 32,824,000 

$

 15,426,000 

$

 5,427,000 

$

 1,468,000 

$

 15,392,000 

$

 (27,000)

$

 70,510,000 









 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

Transition

 

JDL

 

 

 

 

 

Intersegment

 

 



 

Suttle

 

Networks

 

Technologies

 

Net2Edge

 

Other

 

Eliminations

 

Total

Three Months Ended March 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

$

 11,789,000 

$

 8,330,000 

$

 4,312,000 

$

 569,000 

$

 -

$

 (334,000)

$

 24,666,000 

Cost of sales

 

 9,744,000 

 

 5,147,000 

 

 2,858,000 

 

 241,000 

 

 -

 

 (93,000)

 

 17,897,000 

Gross profit

 

 2,045,000 

 

 3,183,000 

 

 1,454,000 

 

 328,000 

 

 -

 

 (241,000)

 

 6,769,000 

Selling, general and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  administrative expenses

 

 3,487,000 

 

 4,638,000 

 

 1,006,000 

 

 731,000 

 

 -

 

 (225,000)

 

 9,637,000 

Pension liability adjustment gains

 

 -

 

 -

 

 -

 

 -

 

 (4,148,000)

 

 -

 

 (4,148,000)

Operating (loss) income

$

 (1,442,000)

$

 (1,455,000)

$

 448,000 

$

 (403,000)

$

 4,148,000 

$

 (16,000)

$

 1,280,000 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

$

 576,000 

$

 221,000 

$

 61,000 

$

 33,000 

$

 -

$

 -

$

 891,000 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

$

 479,000 

$

 85,000 

$

 75,000 

$

 -

$

 184,000 

$

 (16,000)

$

 807,000 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

$

 38,941,000 

$

 19,617,000 

$

 5,649,000 

$

 2,295,000 

$

 18,234,000 

$

 (22,000)

$

 84,714,000