Segment Reporting | Segment Reporting Under common operational management, the Company designs, develops, manufactures and markets its navigation, guidance and stabilization and mobile communications products for use in a wide variety of applications. Products are generally sold directly to third-party consumer electronic dealers and retailers, original equipment manufacturers, government contractors or to U.S. and other foreign government agencies. Primarily, sales originating in the Americas consist of sales within the United States and Canada and, to a lesser extent, Mexico and some Latin and South American countries. The Americas’ sales also include all guidance and stabilization product sales throughout the world. Sales originating from the Company’s European and Asian subsidiaries principally consist of sales into all European countries, both inside and outside the European Union, as well as Africa, Asia/Pacific, the Middle East and India. The Company operates in two geographic segments, and exclusively in the mobile communications, navigation and guidance and stabilization equipment industry, which it considers to be a single business activity. The Company has two primary product categories: mobile communication and guidance and stabilization. Mobile communication sales and services include marine, land mobile, and automotive communication equipment and satellite-based voice, television and Broadband Internet connectivity services; the distribution of commercially licensed news, sports, movies, and music content for commercial and leisure customers in the maritime, hotel, and retail markets; and the distribution of training films and e-Learning computer-based training courses to commercial customers in the maritime market. Guidance and stabilization sales and services include sales of defense-related and commercial navigation and guidance and stabilization equipment based upon digital compass and FOG sensor technology. Mobile communication and guidance and stabilization sales also include development contract revenue, product repairs and extended warranty sales. The following table summarizes information regarding the Company’s operations by geographic segment: Sales Originating From Three months ended September 30, 2015 Americas Europe and Asia Total Mobile communication sales to the United States $ 22,755 $ 361 $ 23,116 Mobile communication sales to Canada 326 29 355 Mobile communication sales to Europe 113 4,937 5,050 Mobile communication sales to other geographic areas 1,607 7,461 9,068 Guidance and stabilization sales to the United States 2,425 — 2,425 Guidance and stabilization sales to Canada 2,424 — 2,424 Guidance and stabilization sales to Europe 1,200 — 1,200 Guidance and stabilization sales to other geographic areas 817 — 817 Intercompany sales 1,198 1,137 2,335 Subtotal 32,865 13,925 46,790 Eliminations (1,198 ) (1,137 ) (2,335 ) Net sales $ 31,667 $ 12,788 $ 44,455 Segment net (loss) income $ (728 ) $ 265 $ (463 ) Depreciation and amortization $ 1,211 $ 1,984 $ 3,195 Total assets $ 143,297 $ 87,795 $ 231,092 Sales Originating From Three months ended September 30, 2014 Americas Europe and Asia Total Mobile communication sales to the United States $ 22,528 $ 398 $ 22,926 Mobile communication sales to Canada 180 18 198 Mobile communication sales to Europe 79 5,256 5,335 Mobile communication sales to other geographic areas 1,180 6,556 7,736 Guidance and stabilization sales to the United States 2,169 — 2,169 Guidance and stabilization sales to Canada 2,160 — 2,160 Guidance and stabilization sales to Europe 1,247 — 1,247 Guidance and stabilization sales to other geographic areas 2,479 — 2,479 Intercompany sales 941 1,276 2,217 Subtotal 32,963 13,504 46,467 Eliminations (941 ) (1,276 ) (2,217 ) Net sales $ 32,022 $ 12,228 $ 44,250 Segment net (loss) income $ (1,308 ) $ 1,459 $ 151 Depreciation and amortization $ 1,143 $ 2,121 $ 3,264 Total assets $ 116,591 $ 119,241 $ 235,832 Sales Originating From Nine months ended September 30, 2015 Americas Europe and Asia Total Mobile communication sales to the United States $ 67,076 $ 1,220 $ 68,296 Mobile communication sales to Canada 1,282 63 1,345 Mobile communication sales to Europe 432 16,120 16,552 Mobile communication sales to other geographic areas 4,021 21,657 25,678 Guidance and stabilization sales to the United States 5,496 — 5,496 Guidance and stabilization sales to Canada 6,216 — 6,216 Guidance and stabilization sales to Europe 3,592 — 3,592 Guidance and stabilization sales to other geographic areas 3,440 — 3,440 Intercompany sales 4,874 2,982 7,856 Subtotal 96,429 42,042 138,471 Eliminations (4,874 ) (2,982 ) (7,856 ) Net sales $ 91,555 $ 39,060 $ 130,615 Segment net loss $ (1,805 ) $ (43 ) $ (1,848 ) Depreciation and amortization $ 3,552 $ 5,875 $ 9,427 Total assets $ 143,297 $ 87,795 $ 231,092 Sales Originating From Nine months ended September 30, 2014 Americas Europe and Asia Total Mobile communication sales to the United States $ 64,434 $ 1,133 $ 65,567 Mobile communication sales to Canada 427 51 478 Mobile communication sales to Europe 292 16,585 16,877 Mobile communication sales to other geographic areas 2,906 9,005 11,911 Guidance and stabilization sales to the United States 6,867 — 6,867 Guidance and stabilization sales to Canada 7,681 — 7,681 Guidance and stabilization sales to Europe 3,217 — 3,217 Guidance and stabilization sales to other geographic areas 9,559 — 9,559 Intercompany sales 3,893 3,012 6,905 Subtotal 99,276 29,786 129,062 Eliminations (3,893 ) (3,012 ) (6,905 ) Net sales $ 95,383 $ 26,774 $ 122,157 Segment net (loss) income $ (1,869 ) $ 952 $ (917 ) Depreciation and amortization $ 3,403 $ 3,271 $ 6,674 Total assets $ 116,591 $ 119,241 $ 235,832 |