| Segment Information |
NOTE 9 – SEGMENT INFORMATION
Effective January 1, 2012, the Company realigned its business operations. As a result of the realignment, the Company consolidated the Austin Taylor business unit within its Suttle operations. Following this realignment, the Company classifies its businesses into three segments as follows:
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Suttle manufactures and sells U.S. standard modular connecting and wiring devices for voice and data communications, digital subscriber line filters, structured wiring systems, British standard telephone equipment and equipment enclosures for the U.K. and international markets;
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Transition Networks designs and markets data transmission, computer network and media conversion products;
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JDL Technologies, Inc. provides IT services including network design, computer infrastructure installations, IT service management, change management, network security and network operations services.
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Our non-allocated corporate general and administrative expenses are categorized as "Other" in the Company's segment reporting. Management has chosen to organize the enterprise and disclose reportable segments based on our products and services. There are no material inter-segment revenues. To conform to the 2012 presentation, the Company has reclassified 2011 segment information to present the Austin Taylor business unit within Suttle's operations.
Information concerning the Company's continuing operations in the various segments for the three month period ended March 31, 2012 and 2011 is as follows:
SEGMENT INFORMATION - THREE MONTHS
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Suttle
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Transition
Networks
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JDL
Technologies
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Other
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Total
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Three months ended March 31, 2012:
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Sales
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$
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10,577,304
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$
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12,938,193
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$
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728,425
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$
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—
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$
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24,243,922
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Cost of sales
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7,675,962
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6,128,836
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490,496
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—
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$
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14,295,294
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Gross profit
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2,901,342
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6,809,357
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237,929
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—
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9,948,628
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Selling, general and administrative expenses
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2,368,441
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$
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5,622,237
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584,968
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1,242,536
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$
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9,818,182
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Operating income (loss)
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$
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532,901
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$
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1,187,120
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$
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(347,039
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$
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(1,242,536
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)
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$
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130,446
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Depreciation and amortization
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$
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244,025
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$
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241,436
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$
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27,091
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$
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72,138
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$
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584,690
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Capital expenditures
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$
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402,899
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$
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82,451
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$
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10,096
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$
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185,653
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$
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681,099
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Assets at March 31, 2012
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$
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28,172,970
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$
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34,646,429
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$
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1,629,899
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$
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47,998,048
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$
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112,447,346
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Suttle
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Transition
Networks
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JDL
Technologies
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Other
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Total
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Three months ended March 31, 2011:
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Sales
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$
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10,687,182
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$
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16,555,896
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$
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3,779,724
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$
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—
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$
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31,022,802
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Cost of sales
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7,962,718
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7,579,227
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2,152,368
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—
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17,694,313
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Gross profit
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2,724,464
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8,976,669
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1,627,356
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—
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13,328,489
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Selling, general and administrative expenses
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2,120,191
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5,332,393
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512,820
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1,221,806
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9,187,210
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Operating income (loss)
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$
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604,273
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$
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3,644,276
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$
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1,114,536
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$
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(1,221,806
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$
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4,141,279
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Depreciation and amortization
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$
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228,914
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$
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167,154
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$
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28,488
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$
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74,665
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$
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499,221
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Capital expenditures
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$
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242,001
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$
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191,550
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$
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10,051
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$
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—
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$
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443,602
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Assets at March 31, 2011
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$
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23,157,153
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$
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32,125,732
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$
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3,668,604
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$
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51,366,484
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$
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110,317,973
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