Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 13, 2014 | Jun. 28, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Trading Symbol | 'PCTI | ' | ' |
Entity Registrant Name | 'PC TEL INC | ' | ' |
Entity Central Index Key | '0001057083 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 18,510,892 | ' |
Entity Public Float | ' | ' | $156,414,440 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $21,790 | $17,543 |
Short-term investment securities | 36,105 | 33,596 |
Accounts receivable, net of allowance for doubtful accounts of $130 and $222 at December 31, 2013 and December 31, 2012, respectively | 18,603 | 18,586 |
Inventories, net | 14,535 | 17,573 |
Deferred tax assets, net | 1,629 | 1,484 |
Prepaid expenses and other assets | 3,166 | 2,160 |
Total current assets | 95,828 | 90,942 |
Property and equipment, net | 14,971 | 14,775 |
Goodwill | 161 | 161 |
Intangible assets, net | 4,604 | 7,004 |
Deferred tax assets, net | 11,827 | 14,034 |
Other noncurrent assets | 41 | 1,636 |
Assets of discontinued operations | 0 | 18 |
TOTAL ASSETS | 127,432 | 128,570 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ' | ' |
Accounts payable | 4,440 | 10,557 |
Accrued liabilities | 7,803 | 5,899 |
Total current liabilities | 12,243 | 16,456 |
Contingent consideration | 0 | 1,130 |
Other long-term liabilities | 3,137 | 2,736 |
Liabilities of discontinued operations | 0 | 103 |
Total long-term liabilities | 3,137 | 3,969 |
Total liabilities | 15,380 | 20,425 |
Stockholders' equity: | ' | ' |
Common stock, $0.001 par value, 100,000,000 shares authorized, 18,566,119 and 18,514,809 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively | 19 | 19 |
Additional paid-in capital | 143,572 | 140,388 |
Accumulated deficit | -31,748 | -32,410 |
Accumulated other comprehensive income | 209 | 148 |
Total equity | 112,052 | 108,145 |
TOTAL LIABILITIES AND EQUITY | $127,432 | $128,570 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Allowance for accounts receivable | $130 | $222 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 18,566,119 | 18,514,809 |
Common stock, shares outstanding | 18,566,119 | 18,514,809 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Statement [Abstract] | ' | ' | ' |
REVENUES | $104,253 | $88,849 | $76,844 |
COST OF REVENUES | 62,493 | 53,029 | 40,982 |
GROSS PROFIT | 41,760 | 35,820 | 35,862 |
OPERATING EXPENSES: | ' | ' | ' |
Research and development | 11,064 | 9,290 | 10,286 |
Sales and marketing | 12,121 | 11,343 | 10,359 |
General and administrative | 15,623 | 10,982 | 10,752 |
Amortization of intangible assets | 2,400 | 2,359 | 2,258 |
Restructuring charges | 256 | 157 | 117 |
Impairment of goodwill and other intangible assets | 0 | 12,550 | 0 |
Total operating expenses | 41,464 | 46,681 | 33,772 |
OPERATING INCOME (LOSS) | 296 | -10,861 | 2,090 |
Other income, net | 5,378 | 100 | 195 |
INCOME (LOSS) BEFORE INCOME TAXES | 5,674 | -10,761 | 2,285 |
Expense (benefit) for income taxes | 2,332 | -4,089 | 604 |
NET INCOME (LOSS) FROM CONTINUING OPERATIONS | 3,342 | -6,672 | 1,681 |
NET LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX BENEFIT | -91 | -2,587 | -1,497 |
NET INCOME (LOSS) | $3,251 | ($9,259) | $184 |
Earnings (Loss) per Share from Continuing Operations: | ' | ' | ' |
Basic | $0.19 | ($0.38) | $0.10 |
Diluted | $0.18 | ($0.38) | $0.09 |
Loss per Share from Discontinued Operations: | ' | ' | ' |
Basic | ($0.01) | ($0.15) | ($0.09) |
Diluted | $0 | ($0.15) | ($0.08) |
Earnings (Loss) per Share: | ' | ' | ' |
Basic | $0.18 | ($0.53) | $0.01 |
Diluted | $0.18 | ($0.53) | $0.01 |
Weighed Average Shares: | ' | ' | ' |
Basic | 17,797 | 17,402 | 17,186 |
Diluted | 18,184 | 17,402 | 17,739 |
Cash dividend per share | $0.14 | $0.12 | $0.03 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' |
Net income (loss) | $3,251 | ($9,259) | $184 |
OTHER COMPREHENSIVE INCOME: | ' | ' | ' |
Foreign Currency Translation Adjustments | 61 | 27 | 60 |
COMPREHENSIVE INCOME (LOSS) | $3,312 | ($9,232) | $244 |
CONSOLIDATED_STATEMENTS_OF_STO
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) | Total | Common Stock [Member] | Additional Paid - In Capital [Member] | Retained Deficit [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands | |||||
BALANCE at Dec. 31, 2010 | $116,655 | $18 | $137,154 | ($20,578) | $61 |
Stock-based compensation | 3,243 | 0 | 3,243 | 0 | 0 |
Issuance of shares for stock purchase and option plans | 586 | 0 | 586 | 0 | 0 |
Cancellation of shares for payment of withholding tax | -1,255 | 0 | -1,255 | 0 | 0 |
Repurchase of common stock | -2,559 | 0 | -2,559 | 0 | 0 |
Tax effect from stock based compensation | -54 | 0 | -54 | 0 | 0 |
Adjustment to temporary equity for PCTEL Secure | -863 | 0 | 0 | -863 | 0 |
Dividend | -545 | 0 | 2 | -547 | 0 |
Net income (loss) | 1,047 | 0 | 0 | 1,047 | 0 |
Change in cumulative translation adjustment, net | 60 | 0 | 0 | 0 | 60 |
BALANCE at Dec. 31, 2011 | 116,315 | 18 | 137,117 | -20,941 | 121 |
Stock-based compensation | 2,992 | 1 | 2,991 | 0 | 0 |
Issuance of shares for stock purchase and option plans | 578 | 0 | 578 | 0 | 0 |
Cancellation of shares for payment of withholding tax | -1,204 | 0 | -1,204 | 0 | 0 |
Tax effect from stock based compensation | 6 | 0 | 6 | 0 | 0 |
Adjustment to temporary equity for PCTEL Secure | -648 | 0 | 0 | -648 | 0 |
Adjustment to tax basis of PCTEL Secure | 361 | 0 | 361 | 0 | 0 |
Dividend | -2,202 | 0 | 8 | -2,210 | 0 |
Net income (loss) | -8,611 | 0 | 0 | -8,611 | 0 |
Purchase of 49% interest in PCTEL Secure | 531 | 0 | 531 | 0 | 0 |
Change in cumulative translation adjustment, net | 27 | 0 | 0 | 0 | 27 |
BALANCE at Dec. 31, 2012 | 108,145 | 19 | 140,388 | -32,410 | 148 |
Stock-based compensation | 3,441 | 0 | 3,441 | 0 | 0 |
Issuance of shares for stock purchase and option plans | 1,266 | 1 | 1,265 | 0 | 0 |
Cancellation of shares for payment of withholding tax | -1,098 | -1 | -1,097 | 0 | 0 |
Repurchase of common stock | -435 | 0 | -435 | 0 | 0 |
Dividend | -2,579 | 0 | 10 | -2,589 | 0 |
Net income (loss) | 3,251 | 0 | 0 | 3,251 | 0 |
Change in cumulative translation adjustment, net | 61 | 0 | 0 | 0 | 61 |
BALANCE at Dec. 31, 2013 | $112,052 | $19 | $143,572 | ($31,748) | $209 |
CONSOLIDATED_STATEMENTS_OF_STO1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) | Dec. 31, 2012 |
Statement Of Stockholders Equity [Abstract] | ' |
Percentage of Interest In Joint Venture | 49.00% |
CONSOLIDATED_STATEMENT_OF_CASH
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Activities: | ' | ' | ' |
Net income (loss) | $3,251 | ($9,259) | $184 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' | ' |
Loss from discontinued operations | 91 | 2,587 | 1,497 |
Depreciation and amortization | 5,070 | 4,791 | 4,744 |
Impairment charges | 0 | 12,550 | 0 |
Stock based compensation | 3,440 | 2,986 | 3,243 |
(Gain) loss on disposal/sale of property and equipment | -27 | 4 | 22 |
Restructuring costs | 86 | 0 | 0 |
Payment of withholding tax on stock based compensation | -1,098 | -1,204 | -1,255 |
Deferred tax expense | 2,165 | -4,264 | 610 |
Changes in operating assets and liabilities, net of acquisitions: | ' | ' | ' |
Accounts receivable | 1 | -2,870 | -152 |
Inventories | 3,092 | -2,361 | -3,122 |
Prepaid expenses and other assets | 596 | 863 | 1,455 |
Accounts payable | -6,149 | 3,857 | 1,263 |
Income taxes payable | -61 | 71 | 33 |
Accrued liabilities | 946 | -1,569 | -310 |
Net cash provided by operating activities | 11,403 | 6,182 | 8,212 |
Investing Activities: | ' | ' | ' |
Capital expenditures | -2,959 | -3,381 | -4,862 |
Proceeds from disposal of property and equipment | 3 | 0 | 0 |
Purchase of investments | -72,010 | -61,927 | -58,046 |
Redemptions/maturities of short-term investments | 69,501 | 77,718 | 55,607 |
Purchase of assets with settlement | 0 | 0 | -200 |
Purchase of assets/businesses, net of cash acquired | 0 | -16,000 | -1,450 |
Net cash used in investing activities | -5,465 | -3,590 | -8,951 |
Financing Activities: | ' | ' | ' |
Proceeds from issuance of common stock | 1,266 | 578 | 586 |
Payments for repurchase of common stock | -435 | 0 | -2,559 |
Cash dividend | -2,579 | -2,202 | -545 |
Net cash used in financing activities | -1,748 | -1,624 | -2,518 |
Cash flows from discontinued operations: | ' | ' | ' |
Net cash used in operating activities | -17 | -1,136 | -1,341 |
Net cash provided by investing activities | 1 | -1,731 | -7 |
Net cash provided by financing activities | 0 | 0 | 0 |
Net decrease in cash and cash equivalents | 4,174 | -1,899 | -4,605 |
Effect of exchange rate changes on cash | 57 | 40 | 25 |
Cash and cash equivalents, beginning of year | 17,559 | 19,418 | 23,998 |
Cash and Cash Equivalents, End of Year | 21,790 | 17,559 | 19,418 |
Other information: | ' | ' | ' |
Cash paid (refunds received) for income taxes | 232 | -1,288 | -1,472 |
Cash paid for interest | 16 | 3 | 0 |
Non-cash investing and financing information: | ' | ' | ' |
Decreases to deferred stock compensation, net | -1,968 | -616 | -903 |
Issuance of restricted common stock, net of cancellations | ($703) | $912 | $1,008 |
Organization_and_Summary_of_Si
Organization and Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||||||||||||||||||
Organization and Summary of Significant Accounting Policies | ' | ||||||||||||||||||||||||||||||||
1. Organization and Summary of Significant Accounting Policies | |||||||||||||||||||||||||||||||||
Nature of Operations | |||||||||||||||||||||||||||||||||
PCTEL is a global leader in propagation and optimization solutions for the wireless industry. The Company develops and distributes innovative antenna and engineered site solutions and designs and develops software-based radios (scanning receivers) and provides related RF engineering services for wireless network optimization. | |||||||||||||||||||||||||||||||||
Segment Reporting | |||||||||||||||||||||||||||||||||
Effective January 1, 2013, PCTEL operates in two segments for reporting purposes. The Company’s Connected Solutions segment includes its antenna and engineered site solutions. The Company’s RF Solutions segment includes its scanning receivers and related RF engineering services. Each of the segments has its own segment manager as well as its own engineering, sales and marketing, and operational general and administrative functions. All of the Company’s accounting and finance, human resources, IT and legal functions are provided on a centralized basis through the corporate function. The Company manages its balance sheet and cash flows centrally at the corporate level, with the exception of trade accounts receivable and inventory which is managed at the segment level. Each of the segment managers reports to and maintains regular contact with the chief operating decision maker to discuss operating activities, financial results, forecasts, or plans for the segment. As of January 1, 2013, the Company’s chief operating decision maker uses the profit and loss results through operating profit and identified assets for the Connected Solutions and RF Solutions segments to make operating decisions. The 2012 segment information presented in the financial statements has been presented on a retrospective basis reflecting the new Connected Solutions and RF Solution segments on a consistent basis with the current period. | |||||||||||||||||||||||||||||||||
For the year ended December 31, 2012, the Company operated in two different segments, PCTEL Secure, LLC and the rest of the Company. The Company’s chief operating decision maker used the profit and loss results and the assets to make operating decisions. | |||||||||||||||||||||||||||||||||
Connected Solutions Segment | |||||||||||||||||||||||||||||||||
PCTEL is a leading supplier of antennas for private network, public safety and government applications, and site solutions for both private and public network, data, and communications applications. PCTEL’s MAXRAD®, Bluewave™ and Wi-Sys™ antenna solutions include high-value YAGI, land mobile radio (“LMR”), Wi-Fi, GPS, In Tunnel, Subway, and Broadband antennas (parabolic and flat panel). PCTEL’s Connected Solutions products include specialized towers, enclosures, fiber optic panels, and fiber jumper cables that are engineered into site solutions. The vertical markets into which the antenna and site solutions are sold include supervisory control and data acquisition (“SCADA”), health care, energy, smart grid, precision agriculture, indoor wireless, telemetry, offloading, and wireless backhaul. Growth for antenna and engineered site solutions is primarily driven by the increased use of wireless communications in these vertical markets. PCTEL’s antenna and site solution products are primarily sold through distributors, value added reseller, and original equipment manufacturer (“OEM”) providers. | |||||||||||||||||||||||||||||||||
The Company established its current antenna and site solutions product portfolio with a series of acquisitions. In 2004, the Company acquired MAXRAD, Inc. (“MAXRAD”), as well as certain product lines from Andrew Corporation (“Andrew”), which established its core product offerings in Wi-Fi, LMR and GPS. Over the next several years we added additional capabilities within those product lines and additional served markets with the acquisition of certain assets from Bluewave Antenna Systems, Ltd (“Bluewave”) in 2008, and the acquisitions of Wi-Sys Communications, Inc (“Wi-Sys”) in 2009, Sparco Technologies, Inc. (“Sparco”) in 2010, and certain assets of TelWorx Communications LLC, TelWorx U.K. Limited, TowerWorx LLC, and TowerWorx International, Inc. (collectively “TelWorx”), in July 2012. | |||||||||||||||||||||||||||||||||
There are many competitors for antenna products, as the market is highly fragmented. Competitors include Laird (Cushcraft, Centurion, and Antennex brands), Mobile Mark, Radiall/Larsen, Comtelco, Wilson, Commscope (Andrew products), Kathrein, among others. We seek out product applications that command a premium for product performance and customer service, and avoid commodity markets. | |||||||||||||||||||||||||||||||||
PCTEL maintains expertise in several technology areas in order to be competitive in the antenna engineered site solutions market. These include radio frequency engineering, mobile antenna design and manufacturing, mechanical engineering, product quality and testing, and wireless network engineering. | |||||||||||||||||||||||||||||||||
RF Solutions Segment | |||||||||||||||||||||||||||||||||
PCTEL is a leading supplier of high-speed, multi-standard, demodulating receivers and test and measurement solutions to the wireless industry worldwide. Our SeeGull® scanning receivers, receiver-based products and CLARIFY® interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL’s network engineering services (“NES”) Group provides value-added analysis of measured data collected during the optimization process. Revenue growth for these products and services is driven by the deployment of products based on new wireless technology and the need for wireless networks to be tuned and reconfigured on a regular basis. PCTEL develops and supports scanning receivers for LTE, EVDO, CDMA, WCDMA, GSM, TD-SCDMA, and WiMAX networks. Our scanning receiver products are sold primarily through test and measurement value added resellers and to a lesser extent directly to network operators. The engineering services are sold primarily to network infrastructure providers and cellular carriers. Competitors for these products are OEMs such as JDS Uniphase, Rohde and Schwarz, Anritsu, and Berkley Varitronics. | |||||||||||||||||||||||||||||||||
The Company established its scanning receiver product portfolio in 2003 with the acquisition of certain assets of Dynamic Telecommunications, Inc. (“DTI”). In 2009, we acquired the scanning receiver business from Ascom Network Testing, Inc. (“Ascom”) as well as the exclusive distribution rights and patented technology for Wider Network LLC (“Wider”) network interference products. In 2011, we purchased certain assets from Envision Wireless Inc. (“Envision”), an engineering services business based in Melbourne, Florida. The NES business focuses on the radio frequency (“RF”) issues pertaining to in-building coverage and capacity and its target market is relevant to our antenna and scanning receiver businesses. NES provides value-added analysis of collected data to public cellular carriers, network infrastructure providers, and real estate companies. | |||||||||||||||||||||||||||||||||
PCTEL maintains expertise in several technology areas in order to be competitive in the scanning receiver and related engineering services market. These include radio frequency engineering, DSP engineering, manufacturing, mechanical engineering, product quality and testing, and wireless network engineering. | |||||||||||||||||||||||||||||||||
Basis of Consolidation | |||||||||||||||||||||||||||||||||
These consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. | |||||||||||||||||||||||||||||||||
On April 30, 2013, the Company divested all material assets associated with its PCTEL Secure, LLC subsidiary’s ProsettaCore™ technology to Redwall Technologies, LLC (“Redwall”), a development organization that specializes in mobile security, military and defense projects and systems, and critical national infrastructure. Under the terms of the agreement, Redwall acquired the server and device software (the “Software”), the underlying intellectual property, and complete development responsibility for the security products. At the closing of the divestiture, the Company received no upfront cash payment, but has the right to receive a royalty of 7% of the net sale price of each future sale or license of the Software and each provision of services related to the Software, if any. Under the agreement, royalties will not exceed $10.0 million in the aggregate. In accordance with accounting for discontinued operations, the consolidated financial statements separately reflect the results of PCTEL Secure as discontinued operations for all periods presented. The prior period results have been restated to reflect this accounting treatment. | |||||||||||||||||||||||||||||||||
Use of Estimates | |||||||||||||||||||||||||||||||||
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the periods reported. Actual results could differ from those estimates. | |||||||||||||||||||||||||||||||||
Foreign Operations | |||||||||||||||||||||||||||||||||
The Company is exposed to foreign currency fluctuations due to its foreign operations and because products are sold internationally. The functional currency for the Company’s foreign operations is predominantly the applicable local currency. Accounts of foreign operations are translated into U.S. dollars using the year-end exchange rate for assets and liabilities and average monthly rates for revenue and expense accounts. Adjustments resulting from translation are included in accumulated other comprehensive income (loss), a separate component of shareholders’ equity. Gains and losses resulting from other transactions originally in foreign currencies and then translated into U.S. dollars are included in the consolidated statements of operations. Net foreign exchange losses resulting from foreign currency transactions included in other income, net were $26, $31, and $33 in the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||||||||||||||
The Company follows accounting pronouncements for Fair Value Measurements and Disclosures, which establishes a fair value hierarchy that requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a three-tier fair value hierarchy has been established, which prioritizes the inputs used in measuring fair value as follows: | |||||||||||||||||||||||||||||||||
Level 1: inputs are unadjusted quoted prices in active markets for identical assets or liabilities. | |||||||||||||||||||||||||||||||||
Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of assets or liabilities. | |||||||||||||||||||||||||||||||||
Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | |||||||||||||||||||||||||||||||||
Cash equivalents are measured at fair value and investments are recognized at amortized cost in the Company’s financial statements. Accounts receivable and other investments are financial assets with carrying values that approximate fair value due to the short-term nature of these assets. Accounts payable is a financial liability with a carrying value that approximates fair value due to the short-term nature of these liabilities. | |||||||||||||||||||||||||||||||||
Cash and Cash Equivalents and Investments | |||||||||||||||||||||||||||||||||
The Company’s cash and investments consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Cash | $ | 19,734 | $ | 13,043 | |||||||||||||||||||||||||||||
Cash equivalents | 2,056 | 4,500 | |||||||||||||||||||||||||||||||
Short-term investments | 36,105 | 33,596 | |||||||||||||||||||||||||||||||
$ | 57,895 | $ | 51,139 | ||||||||||||||||||||||||||||||
Cash and Cash equivalents | |||||||||||||||||||||||||||||||||
At December 31, 2013, cash and cash equivalents included bank balances and investments with original maturities less than 90 days. At December 31, 2013 and 2012, the Company’s cash equivalents were invested in highly liquid AAA rated money market funds that are required to comply with Rule 2a-7 of the Investment Company Act of 1940. Such funds utilize the amortized cost method of accounting, seek to maintain a constant $1.00 per share price, and are redeemable upon demand. The Company restricts its investments in AAA rated money market funds to those invested 100% in either short-term U.S. Government Agency securities or bank repurchase agreements collateralized by these same securities. The fair values of these money market funds are established through quoted prices in active markets for identical assets (Level 1 inputs). The cash in the Company’s U.S. banks is insured by the Federal Deposit Insurance Corporation up to the insurable amount of $250,000. | |||||||||||||||||||||||||||||||||
At December 31, 2013, the Company had $19.7 million in cash and $2.1 million in cash equivalents and at December 31, 2012, the Company had $13.0 million in cash and $4.5 million in cash equivalents. The Company had $1.0 million and $0.8 million of cash and cash equivalents in foreign bank accounts at December 31, 2013 and at December 31, 2012. As of December 31, 2013, the Company has no intentions of repatriating the cash in its foreign bank accounts. If the Company decides to repatriate the cash in the foreign bank accounts, it may experience difficulty in doing so in a timely manner and it may also be exposed to foreign currency fluctuations and taxes. The Company’s cash in its foreign bank accounts is not insured. | |||||||||||||||||||||||||||||||||
Investments | |||||||||||||||||||||||||||||||||
At December 31, 2013 and 2012, the Company’s short-term investments consisted of pre-refunded municipal bonds, U.S. government agency bonds, and AA or higher rated corporate bonds all classified as held-to-maturity. | |||||||||||||||||||||||||||||||||
At December 31, 2013, the Company had invested $17.2 million in pre-refunded municipal bonds and taxable bond funds, $7.3 million in AA rated or higher corporate bond funds, $6.3 million in U.S. government agency bonds, and $5.3 million in certificates of deposit. The income and principal from the pre-refunded municipal bonds is secured by an irrevocable trust of U.S. Treasury securities. The bonds, classified as short-term investments, have original maturities greater than 90 days and mature in 2014. The Company’s bonds are recorded at the purchase price and carried at amortized cost. The net unrealized gains were approximately $15 and $6 at December 31, 2013 and December 31, 2012, respectively. Approximately 5% and 15% of the Company’s bonds were protected by bond default insurance at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||||
At December 31, 2012, the Company had invested $10.1 million in pre-refunded municipal bonds and taxable bond funds, $9.9 million in AA rated or higher corporate bond funds, $8.5 million in U.S. government agency bonds, and $5.1 million in certificates of deposit. | |||||||||||||||||||||||||||||||||
The Company categorizes its financial instruments within a fair value hierarchy established in Accounting Standards Codification (“ASC”) 820. The fair value hierarchy is described under the Fair Value of Financial Instruments in Note 1. For the Level 2 investments, the Company uses quoted prices of similar assets in active markets. | |||||||||||||||||||||||||||||||||
Cash equivalents, Level 1 and Level 2 investments measured at fair value were as follows: | |||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
Cash equivalents: | |||||||||||||||||||||||||||||||||
Money market funds and other cash equivalents | $ | 2,056 | $ | 0 | $ | 0 | $ | 2,056 | $ | 4,500 | $ | 0 | $ | 0 | $ | 4,500 | |||||||||||||||||
Investments: | |||||||||||||||||||||||||||||||||
Certificates of deposit | 5,360 | 0 | 0 | 5,360 | 5,062 | 0 | 0 | 5,062 | |||||||||||||||||||||||||
US government agency bonds | 0 | 6,291 | 0 | 6,291 | 0 | 8,498 | 0 | 8,498 | |||||||||||||||||||||||||
Municipal bonds | 0 | 17,200 | 0 | 17,200 | 0 | 10,162 | 0 | 10,162 | |||||||||||||||||||||||||
Corporate debt securities | 0 | 7,269 | 0 | 7,269 | 0 | 9,880 | 0 | 9,880 | |||||||||||||||||||||||||
Total | $ | 7,416 | $ | 30,760 | $ | 0 | $ | 38,176 | $ | 9,562 | $ | 28,540 | $ | 0 | $ | 38,102 | |||||||||||||||||
Accounts Receivable and Allowance for Doubtful Accounts | |||||||||||||||||||||||||||||||||
Accounts receivable are recorded at invoiced amount with standard net terms for most customers that range between 30 and 60 days. The Company extends credit to its customers based on an evaluation of a company’s financial condition and collateral is generally not required. The Company maintains an allowance for doubtful accounts for estimated uncollectible accounts receivable. The allowance is based on the Company’s assessment of known delinquent accounts, historical experience, and other currently available evidence of the collectability and the aging of accounts receivable. The Company’s allowance for doubtful accounts was $0.1 million and $0.2 million at December 31, 2013 and 2012, respectively. The provision for doubtful accounts is included in sales and marketing expense in the consolidated statements of operations. | |||||||||||||||||||||||||||||||||
Inventories | |||||||||||||||||||||||||||||||||
Inventories are stated at the lower of cost or market and include material, labor and overhead costs using the first-in, first-out (“FIFO”) method of costing. Inventories as of December 31, 2013 and 2012 were composed of raw materials, sub-assemblies, finished goods and work-in-process. The Company had consigned inventory of $1.1 million and $1.2 million at December 31, 2013 and 2012, respectively. The Company records allowances to reduce the value of inventory to the lower of cost or market, including allowances for excess and obsolete inventory. The allowance for inventory losses was $1.9 million and $2.0 million as of December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||||
Inventories consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Raw materials | $ | 9,241 | $ | 12,226 | |||||||||||||||||||||||||||||
Work in process | 716 | 789 | |||||||||||||||||||||||||||||||
Finished goods | 4,578 | 4,558 | |||||||||||||||||||||||||||||||
Inventories, net | $ | 14,535 | $ | 17,573 | |||||||||||||||||||||||||||||
Prepaid and other current assets | |||||||||||||||||||||||||||||||||
Prepaid assets are stated at cost and are amortized over the useful lives (up to one year) of the assets. | |||||||||||||||||||||||||||||||||
Property and Equipment | |||||||||||||||||||||||||||||||||
Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets. The Company depreciates computers over three years to five years, office equipment, manufacturing and test equipment and motor vehicles over five years, furniture and fixtures over seven years, and buildings over 30 years. Leasehold improvements are amortized over the shorter of the corresponding lease term or useful life. Depreciation expense and gains and losses on the disposal of property and equipment are included in cost of sales and operating expenses in the consolidated statements of operations. Maintenance and repairs are expensed as incurred. | |||||||||||||||||||||||||||||||||
Property and equipment consists of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Building | $ | 6,207 | $ | 6,207 | |||||||||||||||||||||||||||||
Computers and office equipment | 9,818 | 9,968 | |||||||||||||||||||||||||||||||
Manufacturing and test equipment | 10,415 | 9,495 | |||||||||||||||||||||||||||||||
Furniture and fixtures | 1,204 | 1,256 | |||||||||||||||||||||||||||||||
Leasehold improvements | 837 | 519 | |||||||||||||||||||||||||||||||
Motor vehicles | 117 | 150 | |||||||||||||||||||||||||||||||
Total property and equipment | 28,598 | 27,595 | |||||||||||||||||||||||||||||||
Less: Accumulated depreciation and amortization | (15,397 | ) | (14,590 | ) | |||||||||||||||||||||||||||||
Land | 1,770 | 1,770 | |||||||||||||||||||||||||||||||
Property and equipment, net | $ | 14,971 | $ | 14,775 | |||||||||||||||||||||||||||||
Depreciation and amortization expense was approximately $2.7 million, $2.4 million, and $2.5 million for the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||
Accrued liabilities consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Payroll, bonuses, and other employee benefits | $ | 3,267 | $ | 859 | |||||||||||||||||||||||||||||
Inventory receipts | 1,489 | 2,191 | |||||||||||||||||||||||||||||||
Paid time off | 1,154 | 1,067 | |||||||||||||||||||||||||||||||
Warranties | 305 | 270 | |||||||||||||||||||||||||||||||
Employee stock purchase plan | 292 | 276 | |||||||||||||||||||||||||||||||
Professional fees | 309 | 269 | |||||||||||||||||||||||||||||||
Contractors and temporary labor | 232 | 6 | |||||||||||||||||||||||||||||||
Deferred rent and revenues | 199 | 127 | |||||||||||||||||||||||||||||||
Real estate taxes | 160 | 170 | |||||||||||||||||||||||||||||||
Income and sales taxes | 159 | 377 | |||||||||||||||||||||||||||||||
Other | 237 | 287 | |||||||||||||||||||||||||||||||
Total | $ | 7,803 | $ | 5,899 | |||||||||||||||||||||||||||||
Long-term liabilities consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Executive deferred compensation plan | $ | 1,908 | $ | 1,652 | |||||||||||||||||||||||||||||
Reserve for uncertain tax positions | 865 | 842 | |||||||||||||||||||||||||||||||
Deferred rent | 278 | 166 | |||||||||||||||||||||||||||||||
Deferred revenues | 86 | 74 | |||||||||||||||||||||||||||||||
Long-term obligations under capital leases | 0 | 2 | |||||||||||||||||||||||||||||||
$ | 3,137 | $ | 2,736 | ||||||||||||||||||||||||||||||
Revenue Recognition | |||||||||||||||||||||||||||||||||
The Company sells antennas, site solutions, and scanning receiver products, and provides network engineering services. The Company recognizes revenue when the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, price is fixed and determinable, and collectability is reasonably assured. | |||||||||||||||||||||||||||||||||
The Company recognizes revenue for sales of the products when title transfers, which is predominantly upon shipment from its factory. For products shipped on consignment, the Company recognizes revenue upon delivery from the consignment location. The Company allows its major antenna product distributors to return product under specified terms and conditions and accrues for product returns. The Company recognizes revenue for its network engineering services under the completed contract accounting method. However, since most the services occur in one week or less, revenue is generally recognized when the engineering reports are completed and issued to the customer. | |||||||||||||||||||||||||||||||||
Research and Development Costs | |||||||||||||||||||||||||||||||||
The Company expenses research and development costs as incurred. To date, the Company has expensed all software development costs related to research and development because the costs incurred subsequent to the products reaching technological feasibility were not significant. | |||||||||||||||||||||||||||||||||
Advertising Costs | |||||||||||||||||||||||||||||||||
Advertising costs are expensed in the period in which they are incurred. Advertising expense was $166, $150 and $178 in each of the fiscal years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||||||||||
Income Taxes | |||||||||||||||||||||||||||||||||
Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are provided against deferred tax assets, which are not likely to be realized. On a regular basis, management evaluates the recoverability of deferred tax assets and the need for a valuation allowance. | |||||||||||||||||||||||||||||||||
Deferred tax assets arise when the Company recognizes charges or expenses in the financial statements that will not be allowed as income tax deductions until future periods. The deferred tax assets also include unused tax net operating losses and tax credits that the Company is allowed to carry forward to future years. Accounting rules permit the Company to carry the deferred tax assets on the balance sheet at full value as long as it is more likely than not the deductions, losses, or credits will be used in the future. A valuation allowance must be recorded against a deferred tax asset if this test cannot be met. | |||||||||||||||||||||||||||||||||
The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. | |||||||||||||||||||||||||||||||||
Sales and Value Added Taxes | |||||||||||||||||||||||||||||||||
Taxes collected from customers and remitted to governmental authorities are presented on a net basis in cost of sales in the accompanying consolidated statements of operations. | |||||||||||||||||||||||||||||||||
Shipping and handling costs | |||||||||||||||||||||||||||||||||
Shipping and handling costs are included on a gross basis in cost of sales in the accompanying consolidated statements of operations. | |||||||||||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||||||||||
The Company performs an annual impairment test of goodwill as of the end of the first month of the fiscal fourth quarter (October 31st), or at an interim date if an event occurs or if circumstances change that would indicate that an impairment loss may have been incurred. In performing our annual impairment test, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value, including goodwill. If our qualitative assessment is indicative of possible impairment, then a two-step quantitative fair value assessment is performed at the reporting unit level. In the first step, the fair value of each reporting unit is compared with its carrying value. If the fair value exceeds the carrying value, then goodwill is not impaired and no further testing is performed. The second step is performed if the carrying value exceeds the fair value. The implied fair value of goodwill is then compared against the carrying value of goodwill to determine the amount of impairment. | |||||||||||||||||||||||||||||||||
The process of evaluating the potential impairment of goodwill is subjective because it requires the use of estimates and assumptions in determining a reporting unit’s fair value. The Company calculates the fair value of each reporting unit by using a blended analysis of the present value of future discounted cash flows and the market approach of valuation. The discounted cash flow method requires the Company to use estimates and judgments about the future cash flows of the reporting units. Although the Company bases cash flow forecasts on assumptions that are consistent with plans and estimates the Company uses to manage the underlying reporting units, there is significant judgment in determining the cash flows attributable to these reporting units, including markets and market share, sales volumes and mix, research and development expenses, tax rates, capital spending, discount rate and working capital changes. Cash flow forecasts are based on reporting unit operating plans for the early years and business projections in later years. The market approach is based on a comparison of the Company to comparable publicly traded firms in similar lines of business. This method requires the Company to use estimates and judgments when determining comparable companies. The Company assesses such factors as size, growth, profitability, risk and return on investment. The Company believes the accounting estimate related to the valuation of goodwill is a critical accounting estimate because it requires us to make assumptions that are highly uncertain about the future cash flows of our reporting units. Changes in these estimates can have a material impact on our financial statements. | |||||||||||||||||||||||||||||||||
While the use of historical results and future projections can result in different valuations for a business, it is a generally accepted valuation practice to apply more than one valuation technique to establish a range of values for a business. Since each technique relies on different inputs and assumptions, it is unlikely that each technique would yield the same results. However, it is expected that the different techniques would establish a reasonable range. In determining the fair value, the Company weighs the two methods equally because it believes both methods have an equal probability of providing an appropriate fair value. | |||||||||||||||||||||||||||||||||
As of October 31, 2013 the Company performed a qualitative analysis of goodwill and concluded that there was no triggering event that would necessitate a two-step goodwill impairment test. | |||||||||||||||||||||||||||||||||
The Company recognized goodwill of $12.5 million with the acquisition of assets from TelWorx in July 2012. Goodwill recorded in connection with this acquisition was primarily attributable to the synergies expected to arise after the Company’s acquisition of the business and the assembled workforce of the acquired business. During the fourth quarter 2012, the Company recorded a goodwill impairment of $12.5 million related to its TelWorx acquisition based on the results from our annual test of goodwill impairment. This amount represented the total goodwill associated with the acquisition. Specifically, the projected 2013 base revenue declined 17% from the projections utilized in the purchase accounting fair value of the TelWorx assets at the acquisition date. The projected revenue, anticipated margins, and future cash flows of the business were significantly lower at the annual goodwill test date than at the acquisition date. The Company considered this revenue decline at the annual goodwill test date to be an indicator of goodwill impairment requiring the performance of the two step quantitative fair value assessment, which resulted in a net present value of future cash flows that did not support a goodwill carrying value for this reporting unit. The two step quantitative fair value assessment performed on the Envision goodwill resulted in a fair value that supported all of its goodwill at year end 2012. | |||||||||||||||||||||||||||||||||
During the year ended December 31, 2011, the Company recognized goodwill of $0.2 million with the acquisition of assets from Envision Wireless in October 2011. The Company’s market capitalization as of the date of the acquisition exceeded the book value of the Company. Since the acquisition date was concurrent with the Company’s annual goodwill test date and there was not a triggering event for goodwill impairment, the Company did not perform a separate two-step goodwill impairment test. | |||||||||||||||||||||||||||||||||
Long-lived and Definite-Lived Intangible assets | |||||||||||||||||||||||||||||||||
The Company reviews definite-lived intangible assets, investments and other long-lived assets for impairment when events or changes in circumstances indicate that their carrying values may not be fully recoverable. This analysis differs from the Company’s goodwill analysis in that a definite-lived intangible asset impairment is only deemed to have occurred if the sum of the forecasted undiscounted future cash flows related to the assets being evaluated is less than the carrying value of the assets. The estimate of long-term undiscounted cash flows includes long-term forecasts of revenue growth, gross margins, and operating expenses. All of these items require significant judgment and assumptions. An impairment loss may exist when the estimated undiscounted cash flows attributable to the assets are less than the carrying amount. | |||||||||||||||||||||||||||||||||
The Company had no assets for continuing operations measured at fair value on a non-recurring basis at December 31, 2013. | |||||||||||||||||||||||||||||||||
The following table presents assets for continuing operations measured at fair value on a non-recurring basis at December 31, 2012: | |||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Loss | ||||||||||||||||||||||||||||||
Intangible assets - RF Solutions | $ | 0 | $ | 0 | $ | 161 | $ | 0 | |||||||||||||||||||||||||
Intangible assets - Connected Solutions | 0 | 0 | 0 | ($ | 12,550 | ) | |||||||||||||||||||||||||||
Total | $ | 0 | $ | 0 | $ | 161 | ($ | 12,550 | ) | ||||||||||||||||||||||||
The Company did not conduct an impairment analysis at December 31, 2011 because there were no triggering events or circumstances indicating that carrying values may not be recoverable. | |||||||||||||||||||||||||||||||||
Recent Accounting Pronouncements | |||||||||||||||||||||||||||||||||
In February 2013, the FASB issued ASU No. 2013-02, “Comprehensive Income (Topic 220) - Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The objective of this update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments in the update require an entity to report the effect of significant respective line items in net income if the amount being reclassified is required to be reclassified in its entirety to net income. For amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference other disclosures. The amendments in this update are effective prospectively for reporting periods after December 15, 2012. The adoption of this update did have a material effect on the Company’s financial position, results of operations or cash flows. | |||||||||||||||||||||||||||||||||
In July 2013, the FASB issued ASU 2013-11, which provides that an unrecognized tax benefit, or a portion thereof, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except to the extent that a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date to settle any additional income taxes that would result from disallowance of a tax position, or the tax law does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, then the unrecognized tax benefit should be presented as a liability. This standard is effective for the Company for fiscal years beginning after December 15, 2013. The Company does not expect adoption of this ASU to significantly impact its consolidated financial statements. |
Earnings_per_Share
Earnings per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings per Share | ' | ||||||||||||
2. Earnings per Share | |||||||||||||
The Company computes earnings per share data under two different disclosures, basic and diluted, for all periods in which statements of operations are presented. Basic earnings per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding, less shares subject to repurchase. Diluted earnings per share are computed by dividing net income by the weighted average number of common stock and common stock equivalents outstanding. Common stock equivalents consist of stock options using the treasury stock method. Common stock options are excluded from the computation of diluted earnings per share if their effect is anti-dilutive. | |||||||||||||
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Basic Earnings Per Share computation: | |||||||||||||
Numerator: | |||||||||||||
Net income (loss) from continuing operations | $ | 3,342 | ($ | 6,672 | ) | $ | 1,681 | ||||||
Net loss from discontinued operations | ($ | 91 | ) | ($ | 2,587 | ) | ($ | 1,497 | ) | ||||
Net income (loss) | $ | 3,251 | ($ | 9,259 | ) | $ | 184 | ||||||
Denominator: | |||||||||||||
Common shares outstanding | 17,797 | 17,402 | 17,186 | ||||||||||
Earnings per common share - basic | |||||||||||||
Net income (loss) from continuing operations | $ | 0.19 | ($ | 0.38 | ) | $ | 0.1 | ||||||
Net loss from discontinued operations | ($ | 0.01 | ) | ($ | 0.15 | ) | ($ | 0.09 | ) | ||||
Net income (loss) | $ | 0.18 | ($ | 0.53 | ) | $ | 0.01 | ||||||
Diluted Earnings Per Share computation: | |||||||||||||
Denominator: | |||||||||||||
Common shares outstanding | 17,797 | 17,402 | 17,186 | ||||||||||
Restricted shares subject to vesting | 232 | * | 442 | ||||||||||
Performance shares subject to vesting | 97 | * | 109 | ||||||||||
Common stock option grants | 58 | * | 2 | ||||||||||
Total shares | 18,184 | 17,402 | 17,739 | ||||||||||
Earnings per common share - diluted | |||||||||||||
Net income (loss) from continuing operations | $ | 0.18 | ($ | 0.38 | ) | $ | 0.09 | ||||||
Net loss from discontinued operations | $ | 0 | ($ | 0.15 | ) | ($ | 0.08 | ) | |||||
Net income (loss) | $ | 0.18 | ($ | 0.53 | ) | $ | 0.01 | ||||||
* | As denoted by “*” in the table above, weighted average common stock option grants and restricted shares of 439,000 were excluded from the calculations of diluted net loss per share for the years ended December 31, 2012 since their effects are anti-dilutive. |
PCTEL_Secure_discontinued_oper
PCTEL Secure - discontinued operations | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Discontinued Operations And Disposal Groups [Abstract] | ' | ||||||||||||
PCTEL Secure - discontinued operations | ' | ||||||||||||
3. PCTEL Secure – discontinued operations | |||||||||||||
On January 5, 2011, the Company formed PCTEL Secure LLC (“PCTEL Secure”), a joint venture limited liability company, with Eclipse Design Technologies, Inc. (“Eclipse”). PCTEL Secure designed Android-based, secure communication products. The Company contributed $2.5 million in cash on the formation of the joint venture in return for 51% ownership of the joint venture. In return for 49% ownership of the joint venture, Eclipse contributed $2.4 million of intangible assets in the form of intellectual property and a services agreement, including an assembled workforce, to provide services. At the date of formation the weighted average amortization period of the intangible assets acquired was 2.4 years. The Company estimated the fair value and remaining useful lives of the assets. | |||||||||||||
The limited liability company agreement of PCTEL Secure, as amended, provided several mechanisms for the orderly transition of the Company’s ownership from 51% to 100%. The Company purchased an additional 19% of the membership interests for $0.9 million on May 29, 2012 and the remaining 30% of the membership interests for $0.8 million on July 2, 2012. During the periods that the Company did not own 100% of the membership interests, Eclipse’s membership interests were recorded as non-controlling interest. | |||||||||||||
The Company learned through its marketing efforts for PCTEL Secure’s baseline product that its distribution channels had limited access to the target software markets, primarily U.S. government agencies. The Company was in active discussions with a number of potential distribution entities with U.S. government agency access through December 31, 2012, and in January 2013 the Company engaged Wunderlich Securities, Inc. to evaluate strategic alternatives for PCTEL Secure, including a further search for a distribution entity that could take its baseline product to market. Based on the lack of success of such efforts, the Company concluded, as of December 31, 2012, that the future potential revenue of PCTEL Secure was indeterminate resulting in management’s forecast of future undiscounted cash flow to be in a range at or below zero. Based on these revised forecast cash flows, the Company concluded that the intangible assets of PCTEL Secure were impaired at December 31, 2012. The Company recorded intangible asset impairment expense of $1.1 million in December 2012. | |||||||||||||
On April 30, 2013, the Company divested all material assets associated with PCTEL Secure’s ProsettaCore™ technology to Redwall Technologies, LLC (“Redwall”), a development organization that specializes in mobile security, military and defense projects and systems, and critical national infrastructure. Under the terms of the agreement, Redwall acquired the server and device software (the “Software”), the underlying intellectual property, and complete development responsibility for the related products. At the closing of the divestiture, the Company received no upfront cash payment, but the Company has the right to receive a royalty of 7% of the net sale price of each future sale or license of the Software and each provision of services related to the Software, if any. Under the agreement, royalties are capped at $10 million in the aggregate. | |||||||||||||
The consolidated financial statements separately reflect the PCTEL Secure operations as discontinued operations for all periods presented. Summary results of operations for the discontinued operations included in the condensed consolidated statement of operations are as follows: | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Operating loss | ($ | 191 | ) | ($ | 3,828 | ) | ($ | 2,343 | ) | ||||
Other income, net | 0 | 41 | 163 | ||||||||||
Net loss attributable to noncontrolling interests | 0 | 687 | 1,158 | ||||||||||
Adjustments to redemption value of noncontrolling interests | 0 | (647 | ) | (863 | ) | ||||||||
Loss from discontinued operations, before income taxes | (191 | ) | (3,747 | ) | (1,885 | ) | |||||||
Benefit for income tax | (100 | ) | (1,160 | ) | (388 | ) | |||||||
Loss from discontinued operations, net of tax | ($ | 91 | ) | ($ | 2,587 | ) | ($ | 1,497 | ) | ||||
Income (loss) from discontinued operations per common share: | |||||||||||||
Basic | ($ | 0.01 | ) | ($ | 0.15 | ) | ($ | 0.09 | ) | ||||
Diluted | $ | 0 | ($ | 0.15 | ) | ($ | 0.08 | ) | |||||
Weighted average shares: | |||||||||||||
Basic | 17,797 | 17,402 | 17,186 | ||||||||||
Diluted | 18,184 | 17,402 | 17,739 | ||||||||||
Assets and liabilities classified as discontinued operations or held for sale on the condensed consolidated balances sheets include the following: | |||||||||||||
December 31, | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
Cash and cash equivalents | $ | 0 | $ | 16 | |||||||||
Fixed assets | 0 | 2 | |||||||||||
Total assets | $ | 0 | $ | 18 | |||||||||
Accounts payable | $ | 0 | $ | 86 | |||||||||
Accrued liabilities | 0 | 17 | |||||||||||
Total liabilities | $ | 0 | $ | 103 | |||||||||
Acquisitions
Acquisitions | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||
Acquisitions | ' | ||||||||||||
4. Acquisitions | |||||||||||||
Business combinations are accounted for using the acquisition method of accounting. In general the acquisition method requires acquisition-date fair value measurement of identifiable assets acquired, liabilities assumed, and non-controlling interests in the acquiree. The measurement requirements result in the recognition of the full amount of acquisition-date goodwill, which includes amounts attributable to non-controlling interests. Neither the direct costs incurred to effect a business combination nor the costs the acquirer expects to incur under a plan to restructure an acquired business may be included as part of the business combination accounting. As a result, those costs are charged to expense when incurred, except for debt or equity issuance costs, which are accounted for in accordance with other generally accepted accounting principles. | |||||||||||||
Acquisition of TelWorx Communications LLC | |||||||||||||
The Company, through its wholly-owned subsidiary PCTelWorx, Inc. (“PCTelWorx”), completed the acquisition of substantially all of the assets and the assumption of certain specified liabilities of TelWorx Communications LLC, TelWorx U.K. Limited, TowerWorx LLC and TowerWorx International, Inc. (collectively “TelWorx”), pursuant to an Asset Purchase Agreement dated as of July 9, 2012 among the Company, PCTelWorx, TelWorx and Tim and Brenda Scronce, the principal owners of TelWorx. The business operations associated with these purchased assets are collectively referred to as “TelWorx” in this Form 10-K. The acquired business was primarily a North Carolina-based business with expertise in delivering wireless and fiber optic solutions into the enterprise, defense, transportation, and the carrier market. The acquired business excels at global procurement, custom engineering of RF solutions, rapid delivery and deployment of systems, and value-added reselling of antennas, related RF components, and other communication elements. The acquisition also included the assets of TowerWorx, a provider of mobile towers for defense, industrial wireless, and other applications. The acquisition expands the Company’s products and markets addressed by its Connected Solutions product line. The fair value purchase price for TelWorx was $16.1 million, consisting of $16.0 million in cash paid at closing, $1.1 million of contingent consideration related to an indemnity holdback escrow and potential earn-out at fair value, net of $1.0 million cash recovered from Tim and Brenda Scronce in March 2013 pursuant to the working capital adjustment provisions of the Asset Purchase Agreement and the legal settlement described below. | |||||||||||||
Following the closing of the acquisition, the Company’s management became aware of accounting irregularities with respect to the TelWorx financial statements, in part through an internal review conducted in connection with the calculation of post-closing purchase price adjustments and in part due to an anonymous tip received after the internal review began. With the oversight of the Audit Committee, management expanded its review into an internal investigation regarding these financial irregularities and outside counsel was retained to assist in the investigation. The Company’s outside counsel then retained a Big Four accounting firm to perform an independent forensic accounting investigation under counsel’s direction. The accounting irregularities in the TelWorx financial statements identified as a result of this investigation are believed to have been directed and/or permitted by management of TelWorx, principally Tim Scronce and those acting at his direction. The correction of the pre-acquisition accounting misstatements discovered in the investigation are reflected in the pro-forma adjustments in Footnote 4 – Acquisition of TelWorx Communications LLC in the Company’s annual report filed on Form 10-K for the fiscal year ended December 31, 2012 as well as this footnote. | |||||||||||||
The Company determined the amount of the corrections and the period in which they occurred through the forensic audit performed, which included tracing sales transactions to customer commitments and proof of delivery documents as well as reviewing the cost of sales records and aging of inventory at the acquisition date. The Company was authorized by the Board of Directors to seek restitution from the Scronces and other responsible parties. On March 27, 2013, the Company and the Scronces entered into a legal settlement over claims by the Company relating to the value of the acquisition and the accounting issues summarized above. The settlement had an aggregate fair value of $5.4 million, consisting of $4.3 million cash received, $0.6 million for the contingent consideration forfeited, and $0.5 million for the holdback escrow balance released. The Company is still pursuing additional restitution from other responsible parties. See Footnote 8 – TelWorx Legal Settlement for full details. | |||||||||||||
The Company, through PCTelWorx, offered employment to all former employees of TelWorx. The key managers entered into employment arrangements that include a non-competition covenant during their employment and for twelve months thereafter. The Company entered into a five-year lease agreement for the continued use of the operating facility and offices in Lexington, North Carolina and a two-year lease for an operating facility in Pryor, Oklahoma. During the second and third quarters of 2013, the Company integrated the TelWorx business with its Connected Solutions segment. The Company moved kitting operations and order fulfillment to its Bloomingdale, Illinois facility from the Lexington, North Carolina facility. In May 2013, the Company gave notice of early termination of the facility lease in Lexington, North Carolina. The termination became effective in October 2013. In July 2013, the Company signed a new lease for office space for its sales, procurement, and administration functions in Lexington, North Carolina. The new five-year lease was effective August 1, 2013. | |||||||||||||
The following is the allocation of the purchase price for the assets acquired from TelWorx at the date of the acquisition. | |||||||||||||
Estimated Fair | Provisional | ||||||||||||
Value July 9, 2012 | Adjustments | ||||||||||||
as reported at | Subsequent to | Estimated Fair | |||||||||||
September 30, 2012 | September 30, 2012 | Value July 9, 2012 | |||||||||||
Tangible assets: | |||||||||||||
Accounts receivable | $ | 1,575 | ($ | 205 | ) | $ | 1,370 | ||||||
Inventory | 1,843 | (465 | ) | 1,378 | |||||||||
Prepaid expenses | 9 | 0 | 9 | ||||||||||
Fixed assets | 248 | 0 | 248 | ||||||||||
Total tangible assets | 3,675 | (670 | ) | 3,005 | |||||||||
Intangible assets: | |||||||||||||
Goodwill | 9,491 | 3,059 | 12,550 | ||||||||||
Trade names | 1,527 | (268 | ) | 1,259 | |||||||||
Technology | 458 | 12 | 470 | ||||||||||
Customer relationships | 2,898 | (2,781 | ) | 117 | |||||||||
Backlog | 91 | (58 | ) | 33 | |||||||||
Non-compete | 262 | (248 | ) | 14 | |||||||||
Total intangible assets | 14,727 | (284 | ) | 14,443 | |||||||||
Total assets | 18,402 | (954 | ) | 17,448 | |||||||||
Capital leases | 57 | (20 | ) | 37 | |||||||||
Accounts payable | 1,113 | 100 | 1,213 | ||||||||||
Accrued liabilities | 85 | 33 | 118 | ||||||||||
Total liabilities | 1,255 | 113 | 1,368 | ||||||||||
Net assets acquired | $ | 17,147 | ($ | 1,067 | ) | $ | 16,080 | ||||||
In the fourth quarter of 2012, the Company subsequently recorded a goodwill impairment of $12.5 million related to the TelWorx acquisition based on the results from our annual test of goodwill impairment conducted as of October 31, 2012. This amount represented the total goodwill associated with the acquisition. The Company considers its purchase accounting for the TelWorx acquisition to have been complete as of the quarter ended December 31, 2012. The chronology of the Company’s change in purchase accounting fair value of $16.1 million on July 9, 2012 to a $12.5 million goodwill impairment in the quarter ended December 31, 2012 is as follows: | |||||||||||||
The Company based its purchase accounting fair value of intangible assets on future projections using the revenue and margin profile of TelWorx’ historical financial statements for 2010, 2011 and the six months ended June 30, 2012. They presented a profile of a business that yielded goodwill of $9.5 million, primarily attributed to the synergies expected to arise for the acquired TelWorx business after the Company’s acquisition of the business and the assembled workforce of the acquired business. The two primary synergies that the Company expected to accrue to the TelWorx business that the Company concluded were not typically available to a market participant were: (1) increased TelWorx revenue as a result of customer confidence resulting from being part of a public company with significant cash and investments available for working capital with no debt (the vast majority of the competitors in the antenna and site solution market are smaller private companies with limited working capital and financial resources); and (2) lower raw material costs for TelWorx products as a result of having access to PCTEL’s supply chain for certain products. PCTEL has access through several of its large key customers, with which it has a preferred supplier relationship, to their supply chain and profits from the volume discounts that come with our customer’s significantly larger volume. There were no synergies identified that accrued to PCTEL. | |||||||||||||
The accounting irregularities discovered in the historical financial statements lowered the historical pre-acquisition sales and margins as well as the post-acquisition sales in the quarter ended September 30, 2012, the quarter in which the acquisition closed. The Company recalculated the allocation of the purchase price using future projections which have a new lower revenue and margin profile. The result was a $3.1 million increase of goodwill up to $12.5 million. At this time the Company remained confident that the acquisition would yield the synergies expected to arise after the acquisition, to which the goodwill was attributed. | |||||||||||||
The Company performs an annual impairment test of goodwill as of the end of the first month of the fiscal fourth quarter (October 31st), or at an interim date if an event occurs or if circumstances change that would indicate that an impairment loss may have been incurred. In performing our annual impairment test, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value, including goodwill. If our qualitative assessment is indicative of possible impairment, then a two-step quantitative fair value assessment is performed at the reporting unit level. In the first step, the fair value of each reporting unit is compared with its carrying value. If the fair value exceeds the carrying value, then goodwill is not impaired and no further testing is performed. The second step is performed if the carrying value exceeds the fair value. The implied fair value of goodwill is then compared against the carrying value of goodwill to determine the amount of impairment. | |||||||||||||
During the quarter ended December 31, 2012, the Company observed that the orders in the 2013 sales projections used in the purchase accounting allocation for TelWorx were not converting to sales backlog at a pace that would support the projected 2013 base revenue used in the purchase accounting fair value of the TelWorx business at the acquisition date. Due to the Company’s short order to shipment cycles, such a variance would not become apparent until 60-90 days before 2013 began. Additionally, at the date of the acquisition the Company was not seeing funnel conversion variances in its antenna and site solutions products that operate in similar markets and therefore did not suspect that the site solution products would experience a dissimilar path. Specifically, 2013 base revenue and gross profit used in the Company’s purchase accounting was $18.5 million and $3.2 million (18% of revenue), respectively. At October 31, 2012, based on the Company’s historical order to ship cycle and historical rate of sales funnel conversion to actual sales (50%), there should have been approximately $1.0 million of Q1 2013 deliverable order backlog and a sales funnel of Q1 deliverable sales orders being tracked totaling at least $7.5 million. At October 31, 2012 the backlog was half the target, the sales funnel was 17% below the target, and the gross profit margin on the backlog and funnel was at 16% instead of 18%. All of these were indicators that the business was deteriorating from the projections used at the acquisition date for the purchase accounting. The Company reevaluated the projections and determined that they supported 2013 revenue of $15.0 million, at 16% margin, which was used in the goodwill test calculations, and adopted by the Board of Directors as TelWorx’ contribution to the 2013 Company financial plan. Management concluded the decline in projected revenue and gross margin levels were of a long-term nature. The decline was across a broad range of customers and products. Additionally, the decline in revenue was sufficiently large to not be recoverable in the short term based on historical revenue growth rates for the markets in which the Company’s antenna and site solutions products are sold. The Company considered this significant revenue decline at the annual goodwill test date to be an indicator of goodwill impairment requiring the performance of the two step quantitative fair value assessment, which resulted in a net present value of future cash flows that did not support a goodwill carrying value for this reporting unit. It is not as a result of the accounting irregularities previously discussed. | |||||||||||||
The following unaudited pro forma financial information gives effect to the acquisition of the TelWorx business as if the acquisition had taken place on January 1, 2011. The pro forma financial information for TelWorx was derived from the unaudited historical accounting records of TelWorx. | |||||||||||||
2012 | 2011 | ||||||||||||
REVENUES | $ | 96,171 | $ | 95,467 | |||||||||
LOSS BEFORE INCOME TAXES | ($ | 14,919 | ) | $ | 809 | ||||||||
The Company made pro forma adjustments to the historical TelWorx revenue and earnings before income taxes that reduced revenue by $0.1 million and total combined earnings by $0.2 million for the three months ended June 30, 2012, and that reduced revenue by $0.4 million and total combined earnings by $0.5 million for the six months ended June 30, 2012. | |||||||||||||
The adjustments were made to apply a correction to the misstatements to revenue and profit before tax contained in the historical pre-acquisition TelWorx financial statements that were discovered in the course of the Company’s internal investigation by the forensic auditors. The forensic auditing procedures that identified the misstatements included the tracing of all significant sales transactions from the TelWorx operation back to customer commitment and proof of delivery documentation. The forensic audit dollar coverage obtained is approximately 50% of the operations’ revenue. Additionally there is also an adjustment to the costs associated with excess and obsolete inventory not used for a year or more at the acquisition date to the appropriate pre-acquisition period, consistent with the policy used by the Company after the acquisition. The forensic accounting procedures included the tracing of all significant inventory items at the date of the acquisition back to historical costing and usage records. | |||||||||||||
The pro forma information is presented for illustrative purposes only and may not be indicative of the results that would have been obtained had the acquisition actually occurred on January 1, 2012, nor is it necessarily indicative of the Company’s future consolidated results of operations or financial position. | |||||||||||||
Purchase of assets from of Envision Wireless LLC | |||||||||||||
On October 25, 2011, the Company purchased certain assets from Envision Wireless Inc. (“Envision”), an engineering services business based in Melbourne, Florida. The engineering service business (“NES”) focuses on the radio frequency (“RF”) issues pertaining to in-building coverage and capacity and its target market is relevant to the Company’s antenna and scanning receiver businesses. NES provides value-added analysis of collected data to public cellular carriers, network infrastructure providers, and real estate companies. The key employees of Envision became employees of the Company. Envision revenues were approximately $2.4 million for the year ended December 31, 2010. The revenues and expenses of NES from the date of acquisition are included in the Company’s financial results for the year ended December 31, 2011 and the year ended December 31, 2012. The pro-forma effect on the financial results of the Company as if the acquisition had taken place on January 1, 2011 is not significant. | |||||||||||||
The Company paid cash consideration of $1.5 million to acquire customer relationships, accounts receivable and fixed assets. The consideration was determined based on the fair value of the intangible assets modeled at the time of the negotiation, which were updated at the time of closing. With the acquisition of assets from Envision, the Company entered into a lease for a 1,624 square foot facility used for sales activities in Melbourne, Florida. The initial term of the lease was for one year, and has now been extended through November 2018. The cash consideration paid in connection with the acquisition was provided from the Company’s existing cash. The acquisition related costs related to this asset purchase were not significant to the Company’s consolidated financial statements. | |||||||||||||
The intangible assets are being amortized for book purposes. At the date of the acquisition, the weighted average amortization period of the intangible assets acquired was 5.0 years. The Company estimated the fair value (and remaining useful lives) of the assets and liabilities. The intangible assets are deductible for tax purposes. | |||||||||||||
The following is the allocation of the purchase price for the assets from Envision at the date of the acquisition: | |||||||||||||
Tangible assets: | |||||||||||||
Accounts receivable | $ | 300 | |||||||||||
Fixed assets | 129 | ||||||||||||
Total tangible assets | 429 | ||||||||||||
Intangible assets: | |||||||||||||
Customer relationships | 500 | ||||||||||||
Trade names | 126 | ||||||||||||
Backlog | 20 | ||||||||||||
Non-compete | 217 | ||||||||||||
Goodwill | 161 | ||||||||||||
Total intangible assets | 1,024 | ||||||||||||
Total assets | 1,453 | ||||||||||||
Accrued liabilities | 3 | ||||||||||||
Net assets acquired | $ | 1,450 | |||||||||||
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Goodwill and Other Intangible Assets | ' | ||||||||||||||||||||||||
5. Goodwill and Other Intangible Assets | |||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||
In October 2011, the Company recorded goodwill of $0.2 million related to the acquisition of assets from Envision and in July 2012, the Company recorded goodwill of $12.5 million related to the acquisition of assets related to the TelWorx business. | |||||||||||||||||||||||||
As part of its annual evaluation for goodwill impairment in 2012, the Company impaired $12.5 million of goodwill related to its TelWorx acquisition. See Note 1 for additional information related to the goodwill impairment. | |||||||||||||||||||||||||
Amount | |||||||||||||||||||||||||
Balance at January 1, 2012 | $ | 161 | |||||||||||||||||||||||
Goodwill aquired - TelWorx | 12,550 | ||||||||||||||||||||||||
Goodwill impairment - TelWorx | (12,550 | ) | |||||||||||||||||||||||
Balance at December 31, 2012 | 161 | ||||||||||||||||||||||||
Goodwill activity | 0 | ||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 161 | |||||||||||||||||||||||
Intangible Assets | |||||||||||||||||||||||||
The Company amortizes intangible assets with finite lives on a straight-line basis over the estimated useful lives, which range from one to eight years. Amortization expense was approximately $2.4 million, $2.4 million, and $2.3 million for the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||
The summary of other intangible assets, net as of December 31 for the years ended 2013 and 2012 is as follows: | |||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Accumulated | Net Book | Accumulated | Net Book | ||||||||||||||||||||||
Cost | Amortization | Value | Cost | Amortization | Value | ||||||||||||||||||||
Customer contracts and relationships | $ | 17,381 | $ | 14,386 | $ | 2,995 | $ | 17,381 | $ | 12,463 | $ | 4,918 | |||||||||||||
Patents and technology | 6,781 | 6,419 | 362 | 6,781 | 6,281 | 500 | |||||||||||||||||||
Trademarks and trade names | 3,988 | 2,864 | 1,124 | 3,988 | 2,575 | 1,413 | |||||||||||||||||||
Other | 1,998 | 1,875 | 123 | 1,998 | 1,825 | 173 | |||||||||||||||||||
$ | 30,148 | $ | 25,544 | $ | 4,604 | $ | 30,148 | $ | 23,144 | $ | 7,004 | ||||||||||||||
The decrease of $2.4 million in the net book value for intangible assets consists of amortization expense of $2.4 million recorded for the year ended December 31, 2013. | |||||||||||||||||||||||||
The assigned lives and weighted average amortization periods by intangible asset category is summarized below: | |||||||||||||||||||||||||
Weighted Average | |||||||||||||||||||||||||
Intangible Assets | Assigned Life | Amortization Period | |||||||||||||||||||||||
Customer contracts and relationships | 4 to 6 years | 5.1 | |||||||||||||||||||||||
Patents and technology | 1 to 6 years | 5.2 | |||||||||||||||||||||||
Trademarks and trade names | 3 to 8 years | 7.4 | |||||||||||||||||||||||
Other | 1 to 6 years | 5.6 | |||||||||||||||||||||||
The Company’s scheduled amortization expense over the next five years is as follows: | |||||||||||||||||||||||||
Fiscal Year | Amount | ||||||||||||||||||||||||
2014 | $ | 1,967 | |||||||||||||||||||||||
2015 | $ | 1,737 | |||||||||||||||||||||||
2016 | $ | 468 | |||||||||||||||||||||||
2017 | $ | 288 | |||||||||||||||||||||||
Thereafter | $ | 144 |
Restructuring
Restructuring | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||
Restructuring | ' | ||||||||||||
6. Restructuring | |||||||||||||
The Company incurred restructuring expenses of $256, $157, and $117 for the years ended December 31, 2013, 2012, and 2011, respectively. The restructuring liability was $0 and $1 at December 31, 2013 and 2012, respectively. The restructuring liability is included in accrued liabilities in the consolidated balance sheets. | |||||||||||||
2013 Restructuring | |||||||||||||
During the second and third quarters of 2013, the Company integrated the TelWorx business with its Bloomingdale, IL operations. The Company moved kitting operations and order fulfillment to its Bloomingdale, Illinois facility from the Lexington, North Carolina facility. As part of the integration, the Company separated eighteen PCTelWorx employees between March and September 2013. The Company recorded $0.3 million as restructuring expense during the year ended December 31, 2013, consisting of employee related costs and asset disposals. In October 2013, the Company moved to a smaller Lexington office facility for its sales, procurement, and administrative functions. | |||||||||||||
2012 Restructuring | |||||||||||||
The 2012 restructuring expense relates to reduction in headcount in the Company’s Bloomingdale facility. During 2012, we eliminated twelve positions in our manufacturing organization. The restructuring expense of $0.2 million consisted of severance and payroll related benefits. The Company paid $0.2 million for severance and payroll benefits during the year ended December 31, 2012. | |||||||||||||
2011 Restructuring | |||||||||||||
During the third quarter 2011, the Company reduced the headcount of its Germantown, Maryland engineering organization due to the completion of several projects for scanning receivers. The Company incurred $0.1 million of severance and related payroll benefits costs for the elimination of six positions. This liability was paid during the year ended December 31, 2011. | |||||||||||||
The following tables summarize the Company’s restructuring accrual activity: | |||||||||||||
Asset | |||||||||||||
Severance | Disposals | Total | |||||||||||
Balance at December 31, 2011 | $ | 0 | $ | 0 | $ | 0 | |||||||
Restructuring charges | 157 | 0 | 157 | ||||||||||
Payments/Charges | (156 | ) | 0 | (156 | ) | ||||||||
Balance at December 31, 2012 | 1 | 0 | 1 | ||||||||||
Restructuring charges | 190 | 66 | 256 | ||||||||||
Payments/Charges | (191 | ) | (66 | ) | (257 | ) | |||||||
Balance at December 31, 2013 | $ | 0 | $ | 0 | $ | 0 | |||||||
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Taxes | ' | ||||||||||||
7. Income Taxes | |||||||||||||
The Company recorded an income tax expense of $2.3 million for the year ended December 31, 2013, income tax benefit of $4.1 million for the year ended December 31, 2012, and an income tax expense of $0.6 million for the year ended December 31, 2011. | |||||||||||||
The effective tax rate differed from the statutory Federal rate of 34% during 2013 primarily because of state taxes and a change in the effective state rate for deferred tax assets. The effective tax rate differed from the statutory Federal rate of 34% during 2012 primarily because of state taxes. The effective tax rate differed from the statutory Federal rate of 34% during 2011 because of income tax benefits related to state rate changes on its deferred tax assets, the release of its valuation allowance on its deferred tax assets subject to Chinese income taxes, and research and development credits. During 2012 the Company wrote off $43 of deferred tax assets to additional paid in capital related to vested stock options that were forfeited. | |||||||||||||
In 2013, the Company recorded a tax gain of $0.7 million related to the sale of PCTEL Secure. The income tax gain was based on the fair market value of the intangible assets sold minus the tax basis of the intangible assets. | |||||||||||||
A reconciliation of the benefit for income taxes at the federal statutory rate compared to the benefit at the effective tax rate is as follows: | |||||||||||||
Years Ended December 31 | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Statutory federal income tax rate | 34 | % | 34 | % | 34 | % | |||||||
State income tax, net of federal benefit | 5 | % | 5 | % | 5 | % | |||||||
Effective state rate change to deferred tax assets | 4 | % | 0 | % | -3 | % | |||||||
Release of valuation allowance | 0 | % | 0 | % | -3 | % | |||||||
Foreign income taxed at different rates | 0 | % | 0 | % | -2 | % | |||||||
Research and development credits | -4 | % | 0 | % | -4 | % | |||||||
Return to provision adjustments | 1 | % | 0 | % | -2 | % | |||||||
Tax effect of permanent differences | 1 | % | -1 | % | 1 | % | |||||||
41 | % | 38 | % | 26 | % | ||||||||
The domestic and foreign components of the continuing income (loss) before provision (benefit) for income taxes were as follows: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Domestic | $ | 5,413 | ($ | 11,128 | ) | $ | 2,005 | ||||||
Foreign | 261 | 367 | 280 | ||||||||||
$ | 5,674 | ($ | 10,761 | ) | $ | 2,285 | |||||||
The (benefit) expense for income taxes of continuing operations consisted of the following: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current: | |||||||||||||
Federal | $ | 23 | $ | 17 | ($ | 45 | ) | ||||||
State | 56 | 16 | (8 | ) | |||||||||
Foreign | 88 | 142 | 47 | ||||||||||
167 | 175 | (6 | ) | ||||||||||
Deferred: | |||||||||||||
Federal | 1,696 | (3,630 | ) | 614 | |||||||||
State | 481 | (591 | ) | 85 | |||||||||
Foreign | (12 | ) | (43 | ) | (89 | ) | |||||||
2,165 | (4,264 | ) | 610 | ||||||||||
Total | $ | 2,332 | ($ | 4,089 | ) | $ | 604 | ||||||
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. | |||||||||||||
The net deferred tax accounts consist of the following: | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred Tax Assets: | |||||||||||||
Amortization | $ | 9,213 | $ | 11,580 | |||||||||
Stock compensation | 1,685 | 1,713 | |||||||||||
Federal, foreign, and state credits | 977 | 799 | |||||||||||
Inventory reserves | 1,018 | 966 | |||||||||||
Deferred compensation | 706 | 611 | |||||||||||
Accrued vacation | 417 | 375 | |||||||||||
Net operating loss carryforwards | 1,230 | 1,148 | |||||||||||
Other | 311 | 251 | |||||||||||
Gross deferred tax assets | 15,557 | 17,443 | |||||||||||
Valuation allowance | (640 | ) | (662 | ) | |||||||||
Net deferred tax asset | 14,917 | 16,781 | |||||||||||
Deferred Tax liabilities: | |||||||||||||
Depreciation | (1,461 | ) | (1,263 | ) | |||||||||
Net Deferred Tax Assets | $ | 13,456 | $ | 15,518 | |||||||||
The classification of deferred tax amounts on the balance sheet is as follows: | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Current: | |||||||||||||
Deferred tax assets | $ | 1,629 | $ | 1,484 | |||||||||
Deferred tax liabilities | 0 | 0 | |||||||||||
Current deferred tax assets | 1,629 | 1,484 | |||||||||||
Non-current: | |||||||||||||
Deferred tax assets | 13,288 | 15,297 | |||||||||||
Deferred tax liabilities | (1,461 | ) | (1,263 | ) | |||||||||
Non-current deferred tax assets, net | 11,827 | 14,034 | |||||||||||
Net Deferred Tax Assets | $ | 13,456 | $ | 15,518 | |||||||||
Deferred Tax Valuation Allowance | |||||||||||||
At December 31, 2013, the Company has $13.5 million of net deferred tax assets, including domestic net deferred tax assets of $13.3 million and foreign net deferred tax assets of $0.2 million. The Company has a valuation allowance of $0.6 million at December 31, 2013. At December 31, 2012, the Company has $15.5 million of net deferred tax assets, including domestic net deferred tax assets of $15.4 million and foreign net deferred tax assets of $0.1 million. The Company had a valuation allowance of $0.7 million at December 31, 2012. The net deferred tax assets at December 31, 2013 and 2012, respectively, are primarily related to intangible assets acquired under purchase accounting which are amortized for tax purposes over 15 years, but for shorter periods under generally accepted accounting principles. The valuation allowance at December 31, 2013 and 2012, respectively, relates to credits and state operating losses that the Company does not expect to realize because they correspond to tax jurisdictions where the Company no longer has significant operations. | |||||||||||||
On a regular basis, the Company evaluates the recoverability of deferred tax assets and the need for a valuation allowance. Such evaluations involve the application of significant judgment. The Company considers multiple factors in its evaluation of the need for a valuation allowance. The Company has incurred a cumulative loss exclusive of reversing temporary differences over the three years ended December 31, 2013 of ($2.8) million. However that period contains $(11.1) million of net losses in the form of goodwill and intangible asset impairments, ERP implementation costs, and other income, that the Company believes are discrete to the period and will not be incurred on a recurring basis going forward. | |||||||||||||
The Company’s domestic deferred tax assets have a ratable reversal pattern over 15 years. The carry forward rules allow for up to a 20 year carry forward of net operating losses (“NOL”) to future income that is available to realize the deferred tax assets. The combination of the deferred tax asset reversal pattern and carry forward period yields a 26.0 year average period over which future income can be utilized to realize the deferred tax assets. The future income required to realize the $13.3 million of net deferred tax assets over that period is $35.9 million. The result is that $1.4 million a year on average ($36.0. million/26.0 years) of income is required over the next 26.0 years to realize the net deferred tax assets. | |||||||||||||
In the Company’s judgment, an average of $1.4 million per year of income over an extended 26.0 year period represents a threshold that is unlikely to require extraordinary or unusual one-time events or actions on the Company’s part to meet. The Company’s estimate of future income over the recovery period is sufficient to realize the deferred tax assets. | |||||||||||||
Based on the evaluation of these factors taken as a whole, the Company believes that the positive evidence in the form of (i) a 26.0 year future recovery period, (ii) a modest average future annual income requirement of $1.4 million is unlikely to require extraordinary or unusual one-time events or actions on the Company’s part to meet, and (iii) its estimate of future income, outweigh the negative evidence of a cumulative taxable loss from operations exclusive of reversing temporary differences over the last three years. Therefore, the Company believes that the net deferred tax asset exclusive of the credits and state net operating losses is more likely than not to be realized. | |||||||||||||
Accounting for Uncertainty for Income Taxes | |||||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits at December 31, 2013 and 2012 respectively is as follows: | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Beginning of period | $ | 1,480 | $ | 1,323 | |||||||||
Addition related to tax positions in current year | 59 | 157 | |||||||||||
End of period | $ | 1,539 | $ | 1,480 | |||||||||
Included in the balance of total unrecognized tax benefits at December 31, 2013, are potential benefits of $1.5 million that if recognized, would affect the effective rate on income before taxes. The Company expects that potential benefits of $0.8 million will be settled within the next twelve months. The Company is unaware of any positions for which it is reasonably possible that the unrecognized tax benefits will significantly increase or decrease within the next twelve months. | |||||||||||||
The Company recognizes all interest and penalties, including those relating to unrecognized tax benefits as income tax expense. The Company’s income tax expense related to interest includes $22, $16, and 1, for the years ended December 31, 2013, 2012, and 2011, respectively for unrecognized tax benefits. At December 31, 2013 and 2012, respectively, the Company had interest payable of $86 and $63 related to unrecognized tax benefits. | |||||||||||||
Audits | |||||||||||||
The Company and its subsidiaries file income tax returns in the U.S. and various foreign jurisdictions. The Company’s U.S. federal tax returns remain subject to examination for 2008 and subsequent periods. The Company’s state tax returns remain subject to examination for 2008 and subsequent periods. The Company’s foreign tax returns remain subject to examination for 2007 and subsequent periods. | |||||||||||||
Summary of Carryforwards | |||||||||||||
At December 31, 2013, the Company has a federal net operating loss carry forward of $4.3 million that expires in 2032 and 2033, state net operating loss carry forwards of $5.9 million that expire between 2024 and 2033. The Company has $1.5 million of net operating losses related to stock-based compensation tax deductions in excess of book compensation expense (APIC NOLs) that will be credited to additional paid in capital when such deductions reduce taxes payable as determined on a “with-and-without” basis. Additionally, the Company has $1.5 million of state research credits with no expiration. | |||||||||||||
Investment in Foreign Operations | |||||||||||||
The Company has not provided deferred U.S. income taxes and foreign withholding taxes on approximately $0.7 million of undistributed cumulative earnings of foreign subsidiaries because the Company considers such earnings to be permanently reinvested in those operations. Upon repatriation of these earnings, the Company would be subject to U.S. income tax, net of available foreign tax credits. The Company does not believe that the net tax effect of repatriation of foreign earnings is significant. | |||||||||||||
The Company’s subsidiary in Tianjin, China had a full tax holiday through 2008, and a partial tax holiday through 2011. The impact of the tax holiday was not material to the income tax provision (benefit) for the year ended December 31, 2011. | |||||||||||||
In September 2013, the Internal Revenue Service issued Treasury Decision 9636, which enacted final tax regulations regarding the capitalization and expensing of amounts paid to acquire, produce, or improve tangible property. The regulations also include guidance regarding the retirement of depreciable property. The regulations are required to effective in taxable years beginning on or after January 1, 2014, although taxpayers may choose to apply them in taxable years beginning on or after January 1, 2012. The Company does not expect the impact of the final regulations to have a material effect on its financial statements. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Commitments and Contingencies | ' | ||||||||
8. Commitments and Contingencies | |||||||||
Leases | |||||||||
The Company has operating leases for facilities through 2020 and office equipment through 2014. The future minimum rental payments under these leases at December 31, 2013, are as follows: | |||||||||
Year | Amount | ||||||||
2014 | $ | 868 | |||||||
2015 | 817 | ||||||||
2016 | 700 | ||||||||
2017 | 586 | ||||||||
Thereafter | 1,182 | ||||||||
Future minumum lease payments | $ | 4,153 | |||||||
The rent expense under leases was approximately $1.0 million, $0.9 million, and $0.7 million for the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||
Warranty Reserve and Sales Returns | |||||||||
The Company allows its major distributors and certain other customers to return unused product under specified terms and conditions. The Company accrues for product returns based on historical sales and return trends. The Company’s allowance for sales returns was $0.2 million at December 31, 2013 and $0.1 million at December 31, 2012, respectively, and is included within accounts receivable on the consolidated balance sheet. | |||||||||
The Company offers repair and replacement warranties of primarily two years for antenna products and one to three years for scanning receivers. The Company’s warranty reserve is based on historical sales and costs of repair and replacement trends. The warranty reserve was $0.3 million at December 31, 2013 and 2012, respectively, and is included in other accrued liabilities in the accompanying consolidated balance sheets. | |||||||||
Year Ended December 31, | |||||||||
2013 | 2012 | ||||||||
Beginning balance | $ | 270 | $ | 249 | |||||
Provisions for warranty | 192 | 85 | |||||||
Consumption of reserves | (157 | ) | (64 | ) | |||||
Ending balance | $ | 305 | $ | 270 | |||||
Legal Proceedings | |||||||||
TelWorx Settlement | |||||||||
On March 27, 2013, the Company, its wholly-owned subsidiary PCTelWorx, Inc. (“PCTelWorx”), and the TelWorx Parties (as defined below) entered into an Amendment (the “Amendment”) to the Asset Purchase Agreement dated July 9, 2012 (the “Original Agreement), among the Company, PCTelWorx, Ciao Enterprises, LLC f/k/a TelWorx Communications, LLC and certain of its affiliated entities (collectively, the “TelWorx Entities”) and Tim and Brenda Scronce (“Sellers” and collectively with the TelWorx Entities, the “TelWorx Parties”), as part of a settlement arrangement relative to PCTelWorx’s acquisition of substantially all of the assets of and the assumption of certain specified liabilities of the TelWorx Entities on July 9, 2012 (the “Acquisition”). | |||||||||
As part of the Acquisition, PCTelWorx previously executed a five-year lease with Scronce Real Estate, LLC for the continued use of an operating facility and offices in Lexington, North Carolina, which provided for annual rental payments of approximately $0.2 million. | |||||||||
As disclosed in the Company’s Form 8-K/A filed with the Securities and Exchange Commission (the “Commission”) on March 13, 2013, after completion of the Acquisition, the Company became aware of certain accounting irregularities with respect to the TelWorx Entities and the Company’s Board of Directors directed management to conduct an internal investigation. Based on the results of the Company’s investigation, the Company’s Board of Directors directed management to seek restitution from the TelWorx Parties, and after protracted negotiations and concurrent litigation, the parties entered into the Amendment and related settlement agreements to resolve their dispute. | |||||||||
The following is a summary of the material terms of the Amendment: | |||||||||
• | the TelWorx Parties paid the Company a cash payment of $4.3 million, which included $1.0 million pursuant to the working capital adjustment provisions of the Original Agreement; | ||||||||
• | the TelWorx Parties forfeited all $1.5 million of the potential contingent consideration earnable under the Original Agreement, which had a fair value of $0.6 million, and which, if earned, would have been payable in the form of common stock of the Company; | ||||||||
• | the TelWorx Parties forfeited the $0.5 million holdback escrow under the Original Agreement; | ||||||||
• | the parties agreed to the elimination of all indemnification obligations provided for under the Original Agreement; | ||||||||
• | the Company, PCTelWorx and the Sellers each agreed to execute mutual releases of all claims arising in connection with the dispute; and | ||||||||
• | PCTelWorx acquired an option to terminate its current facility lease in Lexington, North Carolina with Scronce Real Estate, LLC (which is controlled by Sellers) upon 180 days written notice | ||||||||
The settlement had an aggregate fair value of $5.4 million, consisting of $4.3 million cash received, $0.6 million for the contingent consideration forfeited, and $0.5 million for the holdback escrow balance released. Approximately $1.0 million of the cash received was pursuant to the working capital adjustment provisions of the Original Agreement and settle the miscellaneous accounts receivable recorded in prepaid expenses and other assets at December 31, 2012. The remaining $4.3 million settlement amount, consisting of $3.2 million cash and the release of the $0.6 million contingent consideration fair value and the $0.5 million release of the holdback escrow, was recorded as income in the quarter ended March 31, 2013, consistent with accounting for legal settlements. | |||||||||
The Company recorded a $12.5 million impairment of goodwill related to the TelWorx Entities in the fourth quarter of 2012. See Footnote 8 -Acquisition of TelWorx Communications LLC for full details. The Company is also engaged in efforts to seek further restitution from the independent accountants that provided the 2010 and 2011 audited financial statements for TelWorx and the investment banking firm used by the TelWorx Parties. The Company cannot predict the total amount of restitution it will eventually obtain. In settling with the TelWorx parties, management considered the risks and expenses associated with protracted litigation as well as the consumption of Company resources that would otherwise be applied to operating activities. | |||||||||
In May 2013, the Company gave notice of its election to exercise its option with respect to its Lexington facility lease, with termination effective October 31, 2013. |
Shareholders_Equity
Shareholders' Equity | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
Shareholders' Equity | ' | ||||||||||||
9. Shareholders’ Equity | |||||||||||||
Common Stock | |||||||||||||
The activity related to common shares outstanding for the years ended December 31, 2013, 2012, and 2011 as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Beginning of year | 18,515 | 18,219 | 18,286 | ||||||||||
Issuance of common stock on exercise of stock options net of stock swaps | 91 | 5 | 5 | ||||||||||
Issuance of restricted common stock and performance shares, net of cancellations | 49 | 348 | 328 | ||||||||||
Issuance of common stock from purchase of Employee Stock Purchase Plan shares | 113 | 104 | 107 | ||||||||||
Issuance of common stock for stock bonuses, net of shares for tax | 0 | 0 | 48 | ||||||||||
Cancellation of stock for withholding tax for vested shares | (142 | ) | (161 | ) | (150 | ) | |||||||
Common stock buyback | (60 | ) | 0 | (405 | ) | ||||||||
End of Year | 18,566 | 18,515 | 18,219 | ||||||||||
Preferred Stock | |||||||||||||
The Company is authorized to issue up to 5,000,000 shares of preferred stock in one or more series, each with a par value of $0.001 per share. As of December 31, 2013 and 2012, no shares of preferred stock were issued or outstanding. |
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||||||
Stock-Based Compensation | ' | ||||||||||||||||||||||||
10. Stock-Based Compensation | |||||||||||||||||||||||||
The consolidated statements of operations include $3.4 million, $3.0 million, and $3.2 million of stock compensation expense for the years ended December 31, 2013, 2012, and 2011, respectively. Stock compensation expense for the year ended December 31, 2013 consists of $2.3 million for restricted stock and restricted stock unit awards, $0.9 million for stock option and stock purchase plan expenses, and $0.2 million for performance-based stock option awards. Stock compensation expense for the year ended December 31, 2012 consists of $2.7 million for restricted stock and restricted stock unit awards, and $0.3 million for stock option and stock purchase plan expenses. Stock compensation expense for the year ended December 31, 2011 consists of $2.7 million for restricted stock and restricted stock unit awards, $0.3 million for performance share awards, and $0.2 million for stock option and stock purchase plan expenses. The Company did not capitalize any stock compensation expense during the years ended December 31, 2013, 2012, and 2011. | |||||||||||||||||||||||||
The stock-based compensation is reflected in the consolidated statements of operations as follows: | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Cost of revenues | $ | 390 | $ | 378 | $ | 293 | |||||||||||||||||||
Research and development | 689 | 585 | 579 | ||||||||||||||||||||||
Sales and marketing | 575 | 544 | 647 | ||||||||||||||||||||||
General and administrative | 1,786 | 1,479 | 1,724 | ||||||||||||||||||||||
Total continuing operations | 3,440 | 2,986 | 3,243 | ||||||||||||||||||||||
Discontinued operations | 1 | 6 | 0 | ||||||||||||||||||||||
Total | $ | 3,441 | $ | 2,992 | $ | 3,243 | |||||||||||||||||||
The stock-based compensation expense by type is as follows: | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Service-based awards | $ | 2,332 | $ | 2,732 | $ | 2,717 | |||||||||||||||||||
Performance-based shares and stock options | 226 | 0 | 273 | ||||||||||||||||||||||
Stock option and employee purchase plans | 883 | 260 | 236 | ||||||||||||||||||||||
Stock bonuses for short-term incentive plan | 0 | 0 | 17 | ||||||||||||||||||||||
$ | 3,441 | $ | 2,992 | $ | 3,243 | ||||||||||||||||||||
Restricted Stock - Serviced Based | |||||||||||||||||||||||||
The Company grants restricted shares as employee incentives as permitted under the Company’s 1997 Stock Plan, as amended and restated (“1997 Stock Plan”). In connection with the grant of service-based restricted stock to employees, the Company records deferred stock compensation representing the fair value of the common stock on the date the restricted stock is granted. The Company records stock compensation expense on a straight-line basis over the vesting period of the applicable service-based restricted shares. These grants vest over various periods, but typically vest over four years. During the years ended December 31, 2013, 2012, and 2011, the Company annually awarded service-based restricted stock to eligible employees. | |||||||||||||||||||||||||
The following table summarizes service-based restricted stock activity for the years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Weighted | Weighted | Weighted | |||||||||||||||||||||||
Average Fair | Average Fair | Average Fair | |||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | ||||||||||||||||||||
Unvested Restricted Stock Awards - beginning of year | 940,685 | $ | 6.24 | 1,122,296 | $ | 5.9 | 1,274,316 | $ | 5.93 | ||||||||||||||||
Shares awarded | 23,982 | 8.26 | 229,950 | 7.04 | 204,960 | 6.45 | |||||||||||||||||||
Performance share units converted to restricted stock awards | 0 | 0 | 139,150 | 6.47 | 102,941 | 6.21 | |||||||||||||||||||
Shares vested | (401,713 | ) | 5.87 | (474,705 | ) | 5.88 | (405,946 | ) | 6.37 | ||||||||||||||||
Shares cancelled | (19,933 | ) | 6.68 | (76,006 | ) | 6.25 | (53,975 | ) | 5.8 | ||||||||||||||||
Unvested Restricted Stock Awards - end of year | 543,021 | $ | 6.59 | 940,685 | $ | 6.24 | 1,122,296 | $ | 5.9 | ||||||||||||||||
The intrinsic values of services-based restricted shares that vested during the years ended December 31, 2013, 2012, and 2011 was $3.0 million, $3.6 million, and $2.9 million, respectively. | |||||||||||||||||||||||||
As of December 31, 2013, the unrecognized compensation expense related to the unvested portion of the Company’s restricted stock was approximately $1.3 million, net of estimated forfeitures to be recognized through 2017 over a weighted average period of 1.5 years. | |||||||||||||||||||||||||
Stock Options | |||||||||||||||||||||||||
The Company grants stock options to purchase common stock. The Company issues stock options with exercise prices no less than the fair value of the Company’s stock on the grant date. Employee options contain installment vesting typically over a period of four years. The Board of Directors options vest on the first anniversary of date of grant. Stock options may be exercised at any time prior to their expiration date or within ninety days of termination of employment, or such shorter time as may be provided in the related stock option agreement. Historically, the Company has granted stock options with a ten year life. Beginning with options granted in July 2010, the Company grants stock options with a seven year life. During 2013, the Company issued its annual long-term incentive awards in the form of stock options, and during 2013, 2012 and 2011, the Company awarded stock options to eligible new employees for incentive purposes. | |||||||||||||||||||||||||
A summary of the Company’s stock option activity for the years ended December 31 is as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Weighted | Weighted | Weighted | |||||||||||||||||||||||
Average | Average | Average | |||||||||||||||||||||||
Options | Exercise | Options | Exercise | Options | Exercise | ||||||||||||||||||||
Outstanding | Price | Outstanding | Price | Outstanding | Price | ||||||||||||||||||||
Beginning of Year | 1,099,106 | $ | 9.06 | 1,411,581 | $ | 9.02 | 1,596,713 | $ | 9.04 | ||||||||||||||||
Options granted | 698,050 | 7.23 | 76,300 | 6.39 | 8,700 | 6.9 | |||||||||||||||||||
Options exercised | (164,079 | ) | 7.84 | (5,000 | ) | 6.58 | (5,125 | ) | 6.72 | ||||||||||||||||
Options forfeited | (40,783 | ) | 6.86 | (25,992 | ) | 6.3 | (9,027 | ) | 9.34 | ||||||||||||||||
Options cancelled/expired | (130,735 | ) | 8.85 | (357,783 | ) | 8.57 | (179,680 | ) | 6.29 | ||||||||||||||||
End of Year | 1,461,559 | $ | 8.4 | 1,099,106 | $ | 9.06 | 1,411,581 | $ | 9.02 | ||||||||||||||||
Exercisable | 759,284 | $ | 9.51 | 1,037,420 | $ | 9.22 | 1,390,265 | $ | 9.05 | ||||||||||||||||
During the year ended December 31, 2013, the Company received proceeds of $1.3 million from the exercise of 164,079 options. The intrinsic value of these options exercised was $252. During the year ended December 31, 2012, the Company received proceeds of $33 from the exercise of 5,000 options. The intrinsic value of these options exercised was $4. During the year ended December 31, 2011, the Company received proceeds of $34 from the exercise of 5,125 options. The intrinsic value of these options exercised was $2. | |||||||||||||||||||||||||
The range of exercise prices for options outstanding and exercisable at December 31, 2013 was $5.50 to $11.84. The following table summarizes information about stock options outstanding under all stock option plans: | |||||||||||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||||||||||
Weighted | |||||||||||||||||||||||||
Average | Weighted- | Weighted | |||||||||||||||||||||||
Range of | Number | Contractual Life | Average | Number | Average | ||||||||||||||||||||
Exercise Prices | Outstanding | (Years) | Exercise Price | Exercisable | Exercise Price | ||||||||||||||||||||
$5.50 - $6.86 | 74,479 | 4.73 | $ | 6.61 | 50,870 | $ | 6.71 | ||||||||||||||||||
6.87 - 7.93 | 730,320 | 5.87 | 7.25 | 59,154 | 7.72 | ||||||||||||||||||||
7.94 - 8.63 | 33,895 | 2.47 | 8.49 | 32,895 | 8.49 | ||||||||||||||||||||
8.64 - 8.76 | 36,500 | 2.13 | 8.76 | 36,500 | 8.76 | ||||||||||||||||||||
8.77 - 9.09 | 104,500 | 1.81 | 9.08 | 100,000 | 9.09 | ||||||||||||||||||||
9.10 - 9.12 | 6,575 | 2.48 | 9.11 | 6,575 | 9.11 | ||||||||||||||||||||
9.13 - 9.16 | 132,000 | 2.59 | 9.16 | 132,000 | 9.16 | ||||||||||||||||||||
9.17 - 10.25 | 122,280 | 2.31 | 9.69 | 120,280 | 9.69 | ||||||||||||||||||||
10.26 - 11.00 | 80,960 | 1.25 | 10.7 | 80,960 | 10.7 | ||||||||||||||||||||
11.01 - 11.84 | 140,050 | 0.06 | 11.56 | 140,050 | 11.56 | ||||||||||||||||||||
$5.50 - $11.84 | 1,461,559 | 3.93 | $ | 8.4 | 759,284 | $ | 9.51 | ||||||||||||||||||
The weighted average contractual life and intrinsic value at December 31, 2013 was the following: | |||||||||||||||||||||||||
Weighted | |||||||||||||||||||||||||
Average | |||||||||||||||||||||||||
Contractual | Intrinsic | ||||||||||||||||||||||||
Life (years) | Value | ||||||||||||||||||||||||
Options Outstanding | 3.93 | $ | 2,109 | ||||||||||||||||||||||
Options Exercisable | 1.78 | $ | 442 | ||||||||||||||||||||||
The intrinsic value is based on the share price of $9.57 at December 31, 2013. | |||||||||||||||||||||||||
The Company calculated the fair value of each option grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions at December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Dividend yield | 1.7 | % | 1.7 | % | 1.7 | % | |||||||||||||||||||
Risk-free interest rate | 0.5 | % | 0.3 | % | 0.5 | % | |||||||||||||||||||
Expected volatility | 45 | % | 52 | % | 52 | % | |||||||||||||||||||
Expected life (in years) | 5.8 | 5.5 | 4.9 | ||||||||||||||||||||||
The fair value of each unvested option was estimated on the date of grant using the Black-Scholes option valuation model. The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options, which have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility and expected option life. Because the Company’s employee stock options have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, the existing models may not necessarily provide a reliable single measure of the fair value of the employee stock options. | |||||||||||||||||||||||||
The dividend yield rate was calculated by dividing the Company’s annual dividend by the closing price on the grant date. The risk-free interest rate was based on the U.S. Treasury yields with remaining term that approximates the expected life of the options granted. The Company calculates the volatility based on a five-year historical period of the Company’s stock price. The Company incorporates a forfeiture rate based on historical data in the expense calculation. The expected life used for options granted is based on historical data of employee exercise performance. The Company records expense based on the grading vesting method. | |||||||||||||||||||||||||
As of December 31, 2013, the unrecognized compensation expense related to the unvested portion of the Company’s stock options was approximately $1.6 million, net of estimated forfeitures to be recognized through 2017 over a weighted average period of 1.6 years. | |||||||||||||||||||||||||
Retention Stock Options | |||||||||||||||||||||||||
For its 2013 long-term incentive plan, the Company awarded 182,500 performance-based retention stock options to executive officers with a weighted average grant date fair value of $2.83 in April 2013. The number of options granted was based on 2013 revenue goals at target. In March 2014, the Company awarded 207,236 stock options because the Company exceeded target revenue goals for 2013. These options will vest between two and four years beginning in April 2014. The Company recorded expense for these retention stock options on the grading vested method based on achievement of the performance goals. The assumptions used for the valuation of these stock options were consistent with the employee stock options awarded to employees in April 2013. | |||||||||||||||||||||||||
The following table summarizes the retention stock option activity for the year ended December 31, 2013: | |||||||||||||||||||||||||
Weighted | |||||||||||||||||||||||||
Retention | Average | ||||||||||||||||||||||||
Options | Exercise | ||||||||||||||||||||||||
Outstanding | Price | ||||||||||||||||||||||||
Outstanding at December 31, 2012 | 0 | $ | 0 | ||||||||||||||||||||||
Granted | 182,500 | 7.16 | |||||||||||||||||||||||
Outstanding at December 31, 2013 | 182,500 | $ | 7.16 | ||||||||||||||||||||||
Exercisable at December 31, 2013 | 0 | $ | 0 | ||||||||||||||||||||||
Performance Units | |||||||||||||||||||||||||
During 2011 and 2012, the Company granted performance units to certain executive officers. Shares were earned upon achievement of defined performance goals such as revenue and earnings. Certain performance units granted were subject to a service period before vesting. The fair values of the performance units issued were based on the Company’s stock price on the date the performance units were granted. The Company recorded expense on a straight-line basis for the performance units based on achievement of the performance goals. | |||||||||||||||||||||||||
The following summarizes the performance unit activity during the years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Unvested Performance Units | Shares | Weighted | Shares | Weighted | Shares | Weighted | |||||||||||||||||||
Average Fair | Average Fair | Average Fair | |||||||||||||||||||||||
Value | Value | Value | |||||||||||||||||||||||
Beginning of Year | 147,250 | $ | 7.04 | 132,906 | $ | 6.48 | 161,276 | $ | 7.79 | ||||||||||||||||
Units awarded | 0 | 0 | 169,650 | 7 | 139,691 | 6.45 | |||||||||||||||||||
Units vested | 0 | 0 | (4,836 | ) | 6.75 | (30,037 | ) | 9.67 | |||||||||||||||||
Performance share units converted to restricted stock awards | 0 | 0 | (139,150 | ) | 6.47 | (102,941 | ) | 6.21 | |||||||||||||||||
Units cancelled | (147,250 | ) | 7.04 | (11,320 | ) | 7.01 | (35,083 | ) | 10.42 | ||||||||||||||||
End of Year | 0 | $ | 0 | 147,250 | $ | 7.04 | 132,906 | $ | 6.48 | ||||||||||||||||
Because the targets related to the 2012 performance units were not met, the Company did not record any expense related to these awards during the year ended December 31, 2012. The 147,250 performance units outstanding at December 31, 2012 were cancelled in March 2013. | |||||||||||||||||||||||||
The intrinsic value of performance units that vested during the years ended December 31, 2012, and 2011 was $36 and $0.2 million respectively. | |||||||||||||||||||||||||
Restricted Stock Units | |||||||||||||||||||||||||
The Company grants restricted stock units as employee incentives as permitted under the Company’s 1997 Stock Plan. Restricted stock units are primarily granted to foreign employees for long-term incentive purposes. Employee restricted stock units are service-based awards and are amortized over the vesting period. At the vesting date, these units are converted to shares of common stock. The company records expense on a straight-line basis for restricted stock units. | |||||||||||||||||||||||||
The following summarizes the service-based restricted stock unit activity during the year ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Unvested Restricted Stock Units | Shares | Weighted | Shares | Weighted | Shares | Weighted | |||||||||||||||||||
Average Fair | Average Fair | Average Fair | |||||||||||||||||||||||
Value | Value | Value | |||||||||||||||||||||||
Beginning of Year | 11,925 | $ | 6.61 | 10,150 | $ | 6.28 | 7,875 | $ | 6.13 | ||||||||||||||||
Units awarded | 0 | 0 | 5,000 | 7.04 | 4,400 | 6.47 | |||||||||||||||||||
Units vested | (4,475 | ) | 6.46 | (3,225 | ) | 6.24 | (2,125 | ) | 6.11 | ||||||||||||||||
Units cancelled | (1,125 | ) | 6.77 | 0 | 0 | 0 | 0 | ||||||||||||||||||
End of Year | 6,325 | $ | 6.7 | 11,925 | $ | 6.61 | 10,150 | $ | 6.28 | ||||||||||||||||
The intrinsic values of services-based restricted stock units that vested during the years ended December 31,2013, 2012, and 2011 was $34, $24, and $15, respectively. | |||||||||||||||||||||||||
The Company recorded stock compensation expense of $25, $27, and $19 for restricted stock units in the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||
Employee Stock Purchase Plan | |||||||||||||||||||||||||
Under the Company’s Employee Stock Purchase Plan (“ESPP”), eligible employees can purchase common stock at the lower of 85% of the fair market value of the common stock on the first or last day of each offering period. Each offering period is six months. The ESPP stock plan terminates in 2018. During the years ended December 31, 2013, 2012, and 2011, respectively 112,965, 104,073, and 106,721 shares were issued under the ESPP. As of December 31, 2013, the Company had 121,373 shares remaining that can be issued under the Purchase Plan. | |||||||||||||||||||||||||
The following summarizes the Purchase Plan activity during the years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||||||||
Average Fair | Average Fair | Average Fair | |||||||||||||||||||||||
Value at Grant | Value at Grant | Value at Grant | |||||||||||||||||||||||
Date | Date | Date | |||||||||||||||||||||||
Outstanding, beginning of year | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | ||||||||||||||||
Granted | 112,965 | 2.24 | 104,073 | 1.89 | 106,721 | 1.99 | |||||||||||||||||||
Vested | (112,965 | ) | 2.24 | (104,073 | ) | 1.89 | (106,721 | ) | 1.99 | ||||||||||||||||
Outstanding, end of year | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | ||||||||||||||||
Based on the 15% discount and the fair value of the option feature of this plan, the ESPP is considered compensatory. Compensation expense is calculated using the fair value of the employees’ purchase rights under the Black-Scholes model. The Company recognized compensation expense of $0.3 million for the year ended December 31, 2013 and $0.2 million for the years ended December 31, 2012, and 2011, respectively. The weighted average estimated fair value of purchase rights under the ESPP was $2.24, $1.89, and $1.99 for the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||
The Company calculated the fair value of each employee stock purchase grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions: | |||||||||||||||||||||||||
Employee Stock | |||||||||||||||||||||||||
Purchase Plan | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Dividend yield | 1.7 | % | 1.7 | % | 1.7 | % | |||||||||||||||||||
Risk-free interest rate | 0.3 | % | 0.2 | % | 0.2 | % | |||||||||||||||||||
Expected volatility | 51 | % | 52 | % | 52 | % | |||||||||||||||||||
Expected life (in years) | 0.5 | 0.5 | 0.5 | ||||||||||||||||||||||
The Company issued its first quarterly dividend in November 2011. The dividend yield rate was calculated by dividing the Company’s annual dividend by the closing price on the grant date. The risk-free interest rate was based on the U.S. Treasury yields with remaining term that approximates the expected life of the options granted. The dividend yield rate is calculated by dividing the Company’s annual dividend by the closing price on the grant date. The Company calculates the volatility based on a five-year historical period of the Company’s stock price. The expected life used is based on the offering period. | |||||||||||||||||||||||||
Board of Director Equity Awards | |||||||||||||||||||||||||
The Board of Directors receives their annual equity award in the form of shares of the Company’s stock or in shares of vested restricted stock units. During the year ended December 31, 2013, the Company issued 38,812 shares of the Company’s stock with a fair value of $307 which vested immediately to the Directors. During the year ended December 31, 2012, the Company issued 21,602 shares of the Company’s stock with a fair value of $132 and issued 24,820 restricted stock units with fair value of $152 that vested immediately to the Directors. During the year ended December 31, 2011, the Company issued 12,958 shares of the Company’s stock with a fair value of $85 and issued 28,508 restricted stock units with fair value of $187 that vested immediately to the Directors. | |||||||||||||||||||||||||
Employee Withholding Taxes on Stock Awards | |||||||||||||||||||||||||
For ease in administering the issuance of stock awards, the Company holds back shares of vested restricted stock awards and short-term incentive plan stock awards for the value of the statutory withholding taxes. For each individual receiving a share award, the Company redeems the shares it computes as the value for the withholding tax and remits this amount to the appropriate tax authority. During the years ended December 31, 2013, 2012, and 2011, the Company paid $1.0 million, $1.2 million, and $1.3 million for withholding taxes related to stock awards. | |||||||||||||||||||||||||
Stock Plans | |||||||||||||||||||||||||
Common Stock Reserved for Future Issuance | |||||||||||||||||||||||||
At December 31, 2013 the Company had 3,473,286 shares of common stock that could potentially be issued under various stock-based compensation plans described in this footnote. A summary of the reserved shares of common stock for future issuance are as follows: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
1997 Stock Plan | 3,283,103 | 3,445,254 | |||||||||||||||||||||||
2001 Stock Plan | 68,810 | 179,739 | |||||||||||||||||||||||
Employee Stock Purchase Plan | 121,373 | 234,339 | |||||||||||||||||||||||
Total shares reserved | 3,473,286 | 3,859,332 | |||||||||||||||||||||||
These amounts include the shares available for grant and the options outstanding. | |||||||||||||||||||||||||
1997 Stock Plan | |||||||||||||||||||||||||
The Board of Directors may grant to employees, directors and consultants options to purchase the common stock and/or stock purchase rights at terms and prices determined by the Board. In August 1999, the Board of Directors and the stockholders approved an amendment and restatement of the 1997 Stock Plan that increased the number of authorized shares of the common stock the Company may issue under the 1997 Stock Plan to 5,500,000. The plan allowed further annual increases in the number of shares authorized to be issued under the 1997 Stock Plan by an amount equal to the lesser of (i) 700,000 shares, (ii) 4% of the outstanding shares on such date, or (iii) a lesser amount determined by the Board of Directors. Effective at the annual shareholders meeting on June 5, 2006, the shareholders approved an amended and restated 1997 Plan (“New 1997 Plan”) that expires in 2016. The existing shares available for issuance and options outstanding were transferred from the 1997 Plan to the New 1997 Plan. The New 1997 Plan provides for the issuance of 2,300,000 shares plus any shares which have been reserved under the 1998 Directors Option Plan (“Directors Plan”) and any shares returned to the Directors Plan. In connection with the approval of the New 1997 Plan, an additional 716,711 shares were authorized. On June 15, 2010, the Company’s stockholders approved the amendment and restatement of the 1997 Stock Plan to, among other things, increase the number of shares of common stock authorized for issuance under the 1997 Stock Plan. The Company registered an additional 1,700,000 shares of its common stock under a Registration Statement on Form S-8 filed with the SEC with an effective date of July 20, 2010. Under the amended plan, each restricted share award consumes 1.78 of shares available and each stock option award consumes 1.0 share available. As of December 31, 2013, options to acquire 1,392,749 shares were outstanding and a total of 1,890,354 shares remain available for future grants. | |||||||||||||||||||||||||
2001 Non-Statutory Stock Option Plan | |||||||||||||||||||||||||
In August 2001, the Board of Directors adopted and approved the 2001 Non-statutory Stock Option Plan (“2001 Plan”). Options granted under the 2001 Plan were exercisable at any time within ten years from the date of grant or within ninety days of termination of employment, or such shorter time as may be provided in the related stock option agreement. As of June 15, 2010 the stockholders approved certain changes to the 1997 Stock Plan that included the following: (i) there would be no additional grants from the 2001 Stock Plan; and (ii) any shares returned (or that would have otherwise returned) to the 2001 Plan, would be added to the shares of common stock authorized for issuance under the 1997 Stock Plan. The 2001 Plan terminated in August 2011 and options to acquire 68,810 shares were outstanding at December 31, 2013. |
Stock_Repurchases
Stock Repurchases | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Text Block [Abstract] | ' | ||||||||
Stock Repurchases | ' | ||||||||
11. Stock Repurchases | |||||||||
All share repurchase programs are authorized by the Company’s Board of Directors and are announced publicly. On March 18, 2013, the Company’s Board of Directors approved a share repurchase program of $5.0 million. The Company repurchased 59,510 shares at an average price of $7.31 during the year ended December 31, 2013. At December 31, 2013, the Company had $4.6 million in share value that could still be repurchased under this program. | |||||||||
The following table is a summary of the share repurchases by year for the fiscal years ended December 31, 2013, 2012 and 2011: | |||||||||
Fiscal Year | Shares | Amount | |||||||
2011 | 405,628 | $ | 2,559 | ||||||
2012 | 0 | $ | 0 | ||||||
2013 | 59,510 | $ | 435 |
Segment_Customer_and_Geographi
Segment, Customer and Geographic Information | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment, Customer and Geographic Information | ' | ||||||||||||||||
12. Segment, Customer and Geographic Information | |||||||||||||||||
PCTEL operates in two new segments for reporting purposes as of January 1, 2013. The Company’s Connected Solutions segment includes its antenna and engineered site solutions. Its RF Solutions segment includes its scanning receivers and RF engineering services. Each of the segments has its own segment manager as well as its own engineering, sales and marketing, and operational general and administrative functions. All of the Company’s accounting and finance, human resources, IT and legal functions are provided on a centralized basis through the corporate function. The Company manages its balance sheet and cash flows centrally at the corporate level, with the exception of trade accounts receivable and inventory which is managed at the segment level. Each of the segment managers reports to and maintains regular contact with the chief operating decision maker to discuss operating activities, financial results, forecasts, or plans for the segment. As of January 1, 2013 the Company’s chief operating decision maker uses the profit and loss results through operating profit and identified assets for Connected Solutions and RF Solutions segments to make operating decisions. The segment information presented in the financial statements restates historical results for the new Connected Solutions and RF Solution segments on a consistent basis with the current period. | |||||||||||||||||
The following tables are the segment operating profits and cash flow information for the year ended December 31, 2013 and December 31, 2012, respectively, and the segment balance sheet information as of December 31, 2013 and December 31, 2012: | |||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Connected | RF Solutions | Consolidating | Total | ||||||||||||||
Solutions | |||||||||||||||||
REVENUES | $ | 74,223 | $ | 30,310 | ($ | 280 | ) | $ | 104,253 | ||||||||
GROSS PROFIT | 22,720 | 19,018 | 22 | 41,760 | |||||||||||||
OPERATING INCOME (LOSS) | $ | 6,012 | $ | 7,248 | ($ | 12,964 | ) | $ | 296 | ||||||||
Depreciation | $ | 1,785 | $ | 570 | $ | 315 | $ | 2,670 | |||||||||
Intangible amortization | $ | 1,573 | $ | 827 | $ | 0 | $ | 2,400 | |||||||||
Capital expenditures | $ | 1,505 | $ | 1,251 | $ | 203 | $ | 2,959 | |||||||||
As of December 31, 2013 | |||||||||||||||||
Connected | RF Solutions | Consolidating | Total | ||||||||||||||
Solutions | |||||||||||||||||
Accounts receivable | $ | 11,934 | $ | 6,669 | $ | 0 | $ | 18,603 | |||||||||
Inventories | $ | 12,802 | $ | 1,733 | $ | 0 | $ | 14,535 | |||||||||
Long-lived assets: | |||||||||||||||||
Property and equipment, net | $ | 11,508 | $ | 2,427 | $ | 1,036 | $ | 14,971 | |||||||||
Goodwill | $ | 0 | $ | 161 | $ | 0 | $ | 161 | |||||||||
Intangible assets, net | $ | 2,832 | $ | 1,772 | $ | 0 | $ | 4,604 | |||||||||
Deferred tax assets, net | $ | 0 | $ | 0 | $ | 11,827 | $ | 11,827 | |||||||||
Other noncurrent assets | $ | 0 | $ | 0 | $ | 41 | $ | 41 | |||||||||
Year Ended December 31, 2012 | |||||||||||||||||
Connected | RF Solutions | Consolidating | Total | ||||||||||||||
Solutions | |||||||||||||||||
REVENUES | $ | 67,511 | $ | 21,469 | ($ | 131 | ) | $ | 88,849 | ||||||||
GROSS PROFIT | 21,037 | 14,744 | 39 | 35,820 | |||||||||||||
OPERATING INCOME (LOSS) | ($ | 6,062 | ) | $ | 4,246 | ($ | 9,045 | ) | ($ | 10,861 | ) | ||||||
Depreciation | $ | 1,630 | $ | 525 | $ | 277 | $ | 2,432 | |||||||||
Intangible amortization | $ | 1,478 | $ | 881 | $ | 0 | $ | 2,359 | |||||||||
Capital expenditures | $ | 2,091 | $ | 725 | $ | 565 | $ | 3,381 | |||||||||
As of December 31, 2012 | |||||||||||||||||
Connected | RF Solutions | Consolidating | Total | ||||||||||||||
Solutions | |||||||||||||||||
Accounts receivable | $ | 11,885 | $ | 6,701 | $ | 0 | $ | 18,586 | |||||||||
Inventories | $ | 14,283 | $ | 3,290 | $ | 0 | $ | 17,573 | |||||||||
Long-lived assets: | |||||||||||||||||
Property and equipment, net | $ | 11,868 | $ | 1,746 | $ | 1,161 | $ | 14,775 | |||||||||
Goodwill | $ | 0 | $ | 161 | $ | 0 | $ | 161 | |||||||||
Intangible assets, net | $ | 4,404 | $ | 2,600 | $ | 0 | $ | 7,004 | |||||||||
Deferred tax assets, net | $ | 0 | $ | 0 | $ | 14,034 | $ | 14,034 | |||||||||
Other noncurrent assets | $ | 0 | $ | 0 | $ | 1,636 | $ | 1,636 | |||||||||
Year Ended December 31, 2011 | |||||||||||||||||
Connected | RF Solutions | Consolidating | Total | ||||||||||||||
Solutions | |||||||||||||||||
REVENUES | $ | 52,400 | $ | 24,652 | ($ | 208 | ) | $ | 76,844 | ||||||||
GROSS PROFIT | 16,783 | 19,032 | 47 | 35,862 | |||||||||||||
OPERATING INCOME (LOSS) | $ | 2,791 | $ | 8,324 | ($ | 9,025 | ) | $ | 2,090 | ||||||||
Depreciation | $ | 1,516 | $ | 561 | $ | 409 | $ | 2,486 | |||||||||
Intangible amortization | $ | 1,496 | $ | 762 | $ | 0 | $ | 2,258 | |||||||||
Capital expenditures | $ | 3,236 | $ | 775 | $ | 851 | $ | 4,862 | |||||||||
The Company’s revenue to customers outside of the United States, as a percent of total revenues, is as follows: | |||||||||||||||||
Years Ended December 31, | |||||||||||||||||
Region | 2013 | 2012 | 2011 | ||||||||||||||
Europe, Middle East, & Africa | 13 | % | 13 | % | 20 | % | |||||||||||
Asia Pacific | 10 | % | 10 | % | 11 | % | |||||||||||
Other Americas | 6 | % | 7 | % | 8 | % | |||||||||||
Total Foreign sales | 29 | % | 30 | % | 39 | % | |||||||||||
Total Domestic sales | 71 | % | 70 | % | 61 | % | |||||||||||
100 | % | 100 | % | 100 | % | ||||||||||||
There were no customers that accounted for 10% or greater of revenues during the years ended December 31, 2013 and December 31, 2012. At December 31, 2013 and 2012, no customer accounts receivable balance represented greater 10% or greater of gross receivable. | |||||||||||||||||
The long-lived assets by geographic region as of December 31, 2013, 2012, and 2011 are as follows: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
United States | $ | 30,682 | $ | 36,732 | $ | 36,659 | |||||||||||
All Other | 922 | 880 | 751 | ||||||||||||||
$ | 31,604 | $ | 37,612 | $ | 37,410 | ||||||||||||
Benefit_Plans
Benefit Plans | 12 Months Ended |
Dec. 31, 2013 | |
Compensation And Retirement Disclosure [Abstract] | ' |
Benefit Plans | ' |
13. Benefit Plans | |
401(k) Plan | |
The Company’s 401(k) plan covers all of the U.S. employees beginning the first of the month following the first month of their employment. Under this plan, employees may elect to contribute up to 15% of their current compensation to the 401(k) plan up to the statutorily prescribed annual limit. The Company may make discretionary contributions to the 401(k) plan. The Company recorded expense for employer contributions to the 401(k) plan of $0.6 million in the years ended December 31, 2013, 2012, and 2011 respectively. | |
Foreign Employee Benefit Plans | |
The Company contributes to various defined contribution retirement plans for foreign employees. The Company made contributions to these plans of $0.3 million for the year ended December 31, 2013, and $0.2 million for the years ended December 31, 2012, and 2011 respectively. | |
Executive Deferred Compensation Plan | |
The Company provided an Executive Deferred Compensation Plan (“EDCP”) for executive officers, senior managers and directors. Under the EDCP, the executives could select to defer up to 50% of salary and up to 100% of cash bonuses. In addition, the Company provided a 4% matching cash contribution which vests depending upon the number of completed years of participation in the EDCP. The Company funded the obligation related to the EDCP with corporate-owned life insurance policies. The executive had a choice of investment alternatives from a menu of mutual funds offered by the insurance company. In November 2012, the Company’s Board of Directors authorized the termination of the EDCP and on December 27, 2013, the plan was terminated. The funds at the life insurance company were remitted to the Company and subsequently invested by the Company to fund the obligation. The participants will be receive the value of his or her account in January 2015. Upon separation of employment earlier than January 2015, the executive will receive the value of his or her account in accordance with the provisions of the plan. Because the funds from the insurance company were received in January 2014, $1.9 million was included in prepaid assets and other receivables on the balance sheet at December 31, 2013. At December 31, 2012, the cash surrender value of such policies was $1.6 million, included in other noncurrent assets in the consolidated balance sheets. At December 31, 2013 and December 31, 2012, the deferred compensation obligation was $1.9 million and $1.7 million, respectively, included in long-term liabilities in the consolidated balance sheets. |
Quarterly_Data_Unaudited
Quarterly Data (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Quarterly Data (Unaudited) | ' | ||||||||||||||||
14. Quarterly Data (Unaudited) | |||||||||||||||||
Quarters Ended, | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||||||
Revenues | $ | 25,073 | $ | 26,746 | $ | 26,471 | $ | 25,963 | |||||||||
Gross profit | 9,593 | 10,548 | 10,776 | 10,843 | |||||||||||||
Operating income (loss) from continuing operations | (1,310 | ) | 258 | 928 | 420 | ||||||||||||
Income from continuing operations before provision for income taxes | 3,022 | 315 | 1,317 | 1,020 | |||||||||||||
Net income from continuing operations | 1,951 | 187 | 751 | 453 | |||||||||||||
Net income (loss) from discontinued operations | (86 | ) | (22 | ) | 0 | 17 | |||||||||||
Net income (loss) | $ | 1,865 | $ | 165 | $ | 751 | $ | 470 | |||||||||
Earnings per Share from Continuing Operations: | |||||||||||||||||
Basic | $ | 0.11 | $ | 0.01 | $ | 0.04 | $ | 0.03 | |||||||||
Diluted | $ | 0.11 | $ | 0.01 | $ | 0.04 | $ | 0.02 | |||||||||
Earnings (Loss) per Share from Discontinued Operations: | |||||||||||||||||
Basic | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||
Diluted | ($ | 0.01 | ) | $ | 0 | $ | 0 | $ | 0 | ||||||||
Earnings per Share: | |||||||||||||||||
Basic | $ | 0.11 | $ | 0.01 | $ | 0.04 | $ | 0.03 | |||||||||
Diluted | $ | 0.1 | $ | 0.01 | $ | 0.04 | $ | 0.02 | |||||||||
Weighed Average Shares: | |||||||||||||||||
Basic | 17,684 | 17,790 | 17,841 | 17,916 | |||||||||||||
Diluted | 17,911 | 18,075 | 18,354 | 18,508 | |||||||||||||
Quarters Ended, | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||||||
Revenues | $ | 17,161 | $ | 19,993 | $ | 25,853 | $ | 25,842 | |||||||||
Gross profit | 7,178 | 8,670 | 10,040 | 9,932 | |||||||||||||
Operating income (loss) from continuing operations | (920 | ) | 684 | 1,160 | (11,785 | ) | |||||||||||
Income (loss) from continuing operations before provision for income taxes | (887 | ) | 723 | 1,172 | (11,769 | ) | |||||||||||
Net income (loss) from continuing operations | (555 | ) | 445 | 688 | (7,250 | ) | |||||||||||
Net loss from discontinued operations | (324 | ) | (774 | ) | (416 | ) | (1,073 | ) | |||||||||
Net income (loss) | ($ | 879 | ) | ($ | 329 | ) | $ | 272 | ($ | 8,323 | ) | ||||||
Earnings (loss) per Share from Continuing Operations: | |||||||||||||||||
Basic | ($ | 0.03 | ) | $ | 0.03 | $ | 0.04 | ($ | 0.41 | ) | |||||||
Diluted | ($ | 0.03 | ) | $ | 0.03 | $ | 0.04 | ($ | 0.41 | ) | |||||||
Loss per Share from Discontinued Operations: | |||||||||||||||||
Basic | ($ | 0.02 | ) | ($ | 0.05 | ) | ($ | 0.02 | ) | ($ | 0.07 | ) | |||||
Diluted | ($ | 0.02 | ) | ($ | 0.05 | ) | ($ | 0.02 | ) | ($ | 0.07 | ) | |||||
Earnings (Loss) per Share: | |||||||||||||||||
Basic | ($ | 0.05 | ) | ($ | 0.02 | ) | $ | 0.02 | ($ | 0.48 | ) | ||||||
Diluted | ($ | 0.05 | ) | ($ | 0.02 | ) | $ | 0.02 | ($ | 0.48 | ) | ||||||
Weighed Average Shares: | |||||||||||||||||
Basic | 17,264 | 17,404 | 17,493 | 17,501 | |||||||||||||
Diluted | 17,264 | 17,404 | 17,779 | 17,501 | |||||||||||||
In the quarter ended December 31, 2012, the Company recorded goodwill and intangible assets impairment expense of $13.6 million. | |||||||||||||||||
The Company discovered accounting irregularities in its TelWorx operations related to the premature or otherwise improper recognition of revenue for the quarter ended September 30, 2012 (Q3 2012). Based on the resulting investigation and analysis, the Company concluded that the error was not material to the previously reported quarterly period. The Company applied the guidance of SAB Topic 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements and corrected the error by adjusting revenue for the fourth quarter ended December 31, 2012 (Q4 2012). As such, the Q4 2012 unaudited interim financial information presented above reflects an out-of-period adjustment to correct Q3 2012 net revenues, net income before taxes, and net income after taxes, which were overstated by $618, $132 and $78, respectively. |
Related_Parties
Related Parties | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Parties | ' |
15. Related Parties | |
Through October 2013, the Company’s lease for its Lexington, North Carolina facility was with Scronce Real Estate LLC. Scronce Real Estate, LLC is owned by Tim and Brenda Scronce, the wife of Tim Scronce. Tim and/or Brenda Scronce were the majority owners of the TelWorx entities as defined in Note 11 – Commitments and Contingencies above. The Company, through its wholly-owned subsidiary PCTelWorx, Inc. (“PCTelWorx”), purchased certain of the assets of TelWorx in July 2012. Tim Scronce worked for the Company until his resignation in December 2012 and Brenda Scronce never worked for the Company. Through December 31, 2013, a total of $0.2 million has been paid under this lease. In May 2013, the Company gave notice of early termination of the lease which became effective in October 2013. The Company signed a new lease for an office facility in Lexington effective August 1, 2013. The new lease is not with a related party. | |
Through October 2013, the Company’s lease for its Melbourne, Florida office was with 3dB, LLC, a real estate entity co-owned by Robert Joslin, Scott Clay, and Greg Akin. As co-owners of Envision Wireless, Joslin, Clay and Akin sold the assets of Envision Wireless to the Company in October 2011. Joslin, Clay, and Akin continue to work for the Company. This lease expired in October 2013. In September 2013, the Company signed a five-year lease for new office space in Melbourne, Florida. The new lease is not with a related party. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 12 Months Ended |
Dec. 31, 2013 | |
Text Block [Abstract] | ' |
Accumulated Other Comprehensive Income | ' |
16. Accumulated Other Comprehensive Income | |
Accumulated other comprehensive income of $209 and $148 at December 31, 2013 and December 31, 2012, respectively, consists of foreign translation adjustments. |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
17. Subsequent Events | |
The Company evaluates subsequent events occurring between the most recent balance sheet date and the date that the financial statements are available to be issued in order to determine whether the subsequent events are to be recorded in and/or disclosed in the Company’s financial statements and footnotes. The financial statements are considered to be available to be issued at the time that they are filed with the SEC. There are no subsequent events to report that would have a material impact on the Company’s financial statements. |
Schedule_II_VALUATION_AND_QUAL
Schedule II - VALUATION AND QUALIFYING ACCOUNTS | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Valuation And Qualifying Accounts [Abstract] | ' | ||||||||||||||||
Schedule II - VALUATION AND QUALIFYING ACCOUNTS | ' | ||||||||||||||||
PCTEL, INC. | |||||||||||||||||
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS | |||||||||||||||||
(in thousands) | |||||||||||||||||
Balance at | Charged to | Addition | Balance at | ||||||||||||||
Beginning | Costs and | (Deductions) | End of | ||||||||||||||
of Year | Expenses | Year | |||||||||||||||
Year Ended December 31, 2011: | |||||||||||||||||
Allowance for doubtful accounts | $ | 160 | (2 | ) | (26 | ) | $ | 132 | |||||||||
Warranty reserves | $ | 257 | 384 | (392 | ) | $ | 249 | ||||||||||
Deferred tax asset valuation allowance | $ | 702 | (59 | ) | 0 | $ | 643 | ||||||||||
Year Ended December 31, 2012: | |||||||||||||||||
Allowance for doubtful accounts | $ | 132 | 85 | 5 | $ | 222 | |||||||||||
Warranty reserves | $ | 249 | 85 | (64 | ) | $ | 270 | ||||||||||
Deferred tax asset valuation allowance | $ | 643 | 19 | 0 | $ | 662 | |||||||||||
Year Ended December 31, 2013: | |||||||||||||||||
Allowance for doubtful accounts | $ | 222 | 130 | (222 | ) | $ | 130 | ||||||||||
Warranty reserves | $ | 270 | 192 | (157 | ) | $ | 305 | ||||||||||
Deferred tax asset valuation allowance | $ | 662 | (22 | ) | 0 | $ | 640 |
Organization_and_Summary_of_Si1
Organization and Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||||||||||||||||||
Nature of Operations | ' | ||||||||||||||||||||||||||||||||
Nature of Operations | |||||||||||||||||||||||||||||||||
PCTEL is a global leader in propagation and optimization solutions for the wireless industry. The Company develops and distributes innovative antenna and engineered site solutions and designs and develops software-based radios (scanning receivers) and provides related RF engineering services for wireless network optimization. | |||||||||||||||||||||||||||||||||
Segment Reporting | ' | ||||||||||||||||||||||||||||||||
Segment Reporting | |||||||||||||||||||||||||||||||||
Effective January 1, 2013, PCTEL operates in two segments for reporting purposes. The Company’s Connected Solutions segment includes its antenna and engineered site solutions. The Company’s RF Solutions segment includes its scanning receivers and related RF engineering services. Each of the segments has its own segment manager as well as its own engineering, sales and marketing, and operational general and administrative functions. All of the Company’s accounting and finance, human resources, IT and legal functions are provided on a centralized basis through the corporate function. The Company manages its balance sheet and cash flows centrally at the corporate level, with the exception of trade accounts receivable and inventory which is managed at the segment level. Each of the segment managers reports to and maintains regular contact with the chief operating decision maker to discuss operating activities, financial results, forecasts, or plans for the segment. As of January 1, 2013, the Company’s chief operating decision maker uses the profit and loss results through operating profit and identified assets for the Connected Solutions and RF Solutions segments to make operating decisions. The 2012 segment information presented in the financial statements has been presented on a retrospective basis reflecting the new Connected Solutions and RF Solution segments on a consistent basis with the current period. | |||||||||||||||||||||||||||||||||
For the year ended December 31, 2012, the Company operated in two different segments, PCTEL Secure, LLC and the rest of the Company. The Company’s chief operating decision maker used the profit and loss results and the assets to make operating decisions. | |||||||||||||||||||||||||||||||||
Connected Solutions Segment | |||||||||||||||||||||||||||||||||
PCTEL is a leading supplier of antennas for private network, public safety and government applications, and site solutions for both private and public network, data, and communications applications. PCTEL’s MAXRAD®, Bluewave™ and Wi-Sys™ antenna solutions include high-value YAGI, land mobile radio (“LMR”), Wi-Fi, GPS, In Tunnel, Subway, and Broadband antennas (parabolic and flat panel). PCTEL’s Connected Solutions products include specialized towers, enclosures, fiber optic panels, and fiber jumper cables that are engineered into site solutions. The vertical markets into which the antenna and site solutions are sold include supervisory control and data acquisition (“SCADA”), health care, energy, smart grid, precision agriculture, indoor wireless, telemetry, offloading, and wireless backhaul. Growth for antenna and engineered site solutions is primarily driven by the increased use of wireless communications in these vertical markets. PCTEL’s antenna and site solution products are primarily sold through distributors, value added reseller, and original equipment manufacturer (“OEM”) providers. | |||||||||||||||||||||||||||||||||
The Company established its current antenna and site solutions product portfolio with a series of acquisitions. In 2004, the Company acquired MAXRAD, Inc. (“MAXRAD”), as well as certain product lines from Andrew Corporation (“Andrew”), which established its core product offerings in Wi-Fi, LMR and GPS. Over the next several years we added additional capabilities within those product lines and additional served markets with the acquisition of certain assets from Bluewave Antenna Systems, Ltd (“Bluewave”) in 2008, and the acquisitions of Wi-Sys Communications, Inc (“Wi-Sys”) in 2009, Sparco Technologies, Inc. (“Sparco”) in 2010, and certain assets of TelWorx Communications LLC, TelWorx U.K. Limited, TowerWorx LLC, and TowerWorx International, Inc. (collectively “TelWorx”), in July 2012. | |||||||||||||||||||||||||||||||||
There are many competitors for antenna products, as the market is highly fragmented. Competitors include Laird (Cushcraft, Centurion, and Antennex brands), Mobile Mark, Radiall/Larsen, Comtelco, Wilson, Commscope (Andrew products), Kathrein, among others. We seek out product applications that command a premium for product performance and customer service, and avoid commodity markets. | |||||||||||||||||||||||||||||||||
PCTEL maintains expertise in several technology areas in order to be competitive in the antenna engineered site solutions market. These include radio frequency engineering, mobile antenna design and manufacturing, mechanical engineering, product quality and testing, and wireless network engineering. | |||||||||||||||||||||||||||||||||
RF Solutions Segment | |||||||||||||||||||||||||||||||||
PCTEL is a leading supplier of high-speed, multi-standard, demodulating receivers and test and measurement solutions to the wireless industry worldwide. Our SeeGull® scanning receivers, receiver-based products and CLARIFY® interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL’s network engineering services (“NES”) Group provides value-added analysis of measured data collected during the optimization process. Revenue growth for these products and services is driven by the deployment of products based on new wireless technology and the need for wireless networks to be tuned and reconfigured on a regular basis. PCTEL develops and supports scanning receivers for LTE, EVDO, CDMA, WCDMA, GSM, TD-SCDMA, and WiMAX networks. Our scanning receiver products are sold primarily through test and measurement value added resellers and to a lesser extent directly to network operators. The engineering services are sold primarily to network infrastructure providers and cellular carriers. Competitors for these products are OEMs such as JDS Uniphase, Rohde and Schwarz, Anritsu, and Berkley Varitronics. | |||||||||||||||||||||||||||||||||
The Company established its scanning receiver product portfolio in 2003 with the acquisition of certain assets of Dynamic Telecommunications, Inc. (“DTI”). In 2009, we acquired the scanning receiver business from Ascom Network Testing, Inc. (“Ascom”) as well as the exclusive distribution rights and patented technology for Wider Network LLC (“Wider”) network interference products. In 2011, we purchased certain assets from Envision Wireless Inc. (“Envision”), an engineering services business based in Melbourne, Florida. The NES business focuses on the radio frequency (“RF”) issues pertaining to in-building coverage and capacity and its target market is relevant to our antenna and scanning receiver businesses. NES provides value-added analysis of collected data to public cellular carriers, network infrastructure providers, and real estate companies. | |||||||||||||||||||||||||||||||||
PCTEL maintains expertise in several technology areas in order to be competitive in the scanning receiver and related engineering services market. These include radio frequency engineering, DSP engineering, manufacturing, mechanical engineering, product quality and testing, and wireless network engineering. | |||||||||||||||||||||||||||||||||
Basis of Consolidation | ' | ||||||||||||||||||||||||||||||||
Basis of Consolidation | |||||||||||||||||||||||||||||||||
These consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. | |||||||||||||||||||||||||||||||||
On April 30, 2013, the Company divested all material assets associated with its PCTEL Secure, LLC subsidiary’s ProsettaCore™ technology to Redwall Technologies, LLC (“Redwall”), a development organization that specializes in mobile security, military and defense projects and systems, and critical national infrastructure. Under the terms of the agreement, Redwall acquired the server and device software (the “Software”), the underlying intellectual property, and complete development responsibility for the security products. At the closing of the divestiture, the Company received no upfront cash payment, but has the right to receive a royalty of 7% of the net sale price of each future sale or license of the Software and each provision of services related to the Software, if any. Under the agreement, royalties will not exceed $10.0 million in the aggregate. In accordance with accounting for discontinued operations, the consolidated financial statements separately reflect the results of PCTEL Secure as discontinued operations for all periods presented. The prior period results have been restated to reflect this accounting treatment. | |||||||||||||||||||||||||||||||||
Use of Estimates | ' | ||||||||||||||||||||||||||||||||
Use of Estimates | |||||||||||||||||||||||||||||||||
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the periods reported. Actual results could differ from those estimates. | |||||||||||||||||||||||||||||||||
Foreign Operations | ' | ||||||||||||||||||||||||||||||||
Foreign Operations | |||||||||||||||||||||||||||||||||
The Company is exposed to foreign currency fluctuations due to its foreign operations and because products are sold internationally. The functional currency for the Company’s foreign operations is predominantly the applicable local currency. Accounts of foreign operations are translated into U.S. dollars using the year-end exchange rate for assets and liabilities and average monthly rates for revenue and expense accounts. Adjustments resulting from translation are included in accumulated other comprehensive income (loss), a separate component of shareholders’ equity. Gains and losses resulting from other transactions originally in foreign currencies and then translated into U.S. dollars are included in the consolidated statements of operations. Net foreign exchange losses resulting from foreign currency transactions included in other income, net were $26, $31, and $33 in the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||||||||||
Fair Value of Financial Instruments | ' | ||||||||||||||||||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||||||||||||||
The Company follows accounting pronouncements for Fair Value Measurements and Disclosures, which establishes a fair value hierarchy that requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a three-tier fair value hierarchy has been established, which prioritizes the inputs used in measuring fair value as follows: | |||||||||||||||||||||||||||||||||
Level 1: inputs are unadjusted quoted prices in active markets for identical assets or liabilities. | |||||||||||||||||||||||||||||||||
Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of assets or liabilities. | |||||||||||||||||||||||||||||||||
Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | |||||||||||||||||||||||||||||||||
Cash equivalents are measured at fair value and investments are recognized at amortized cost in the Company’s financial statements. Accounts receivable and other investments are financial assets with carrying values that approximate fair value due to the short-term nature of these assets. Accounts payable is a financial liability with a carrying value that approximates fair value due to the short-term nature of these liabilities. | |||||||||||||||||||||||||||||||||
Cash and Cash Equivalents and Investments | ' | ||||||||||||||||||||||||||||||||
Cash and Cash Equivalents and Investments | |||||||||||||||||||||||||||||||||
The Company’s cash and investments consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Cash | $ | 19,734 | $ | 13,043 | |||||||||||||||||||||||||||||
Cash equivalents | 2,056 | 4,500 | |||||||||||||||||||||||||||||||
Short-term investments | 36,105 | 33,596 | |||||||||||||||||||||||||||||||
$ | 57,895 | $ | 51,139 | ||||||||||||||||||||||||||||||
Cash and Cash equivalents | ' | ||||||||||||||||||||||||||||||||
Cash and Cash equivalents | |||||||||||||||||||||||||||||||||
At December 31, 2013, cash and cash equivalents included bank balances and investments with original maturities less than 90 days. At December 31, 2013 and 2012, the Company’s cash equivalents were invested in highly liquid AAA rated money market funds that are required to comply with Rule 2a-7 of the Investment Company Act of 1940. Such funds utilize the amortized cost method of accounting, seek to maintain a constant $1.00 per share price, and are redeemable upon demand. The Company restricts its investments in AAA rated money market funds to those invested 100% in either short-term U.S. Government Agency securities or bank repurchase agreements collateralized by these same securities. The fair values of these money market funds are established through quoted prices in active markets for identical assets (Level 1 inputs). The cash in the Company’s U.S. banks is insured by the Federal Deposit Insurance Corporation up to the insurable amount of $250,000. | |||||||||||||||||||||||||||||||||
At December 31, 2013, the Company had $19.7 million in cash and $2.1 million in cash equivalents and at December 31, 2012, the Company had $13.0 million in cash and $4.5 million in cash equivalents. The Company had $1.0 million and $0.8 million of cash and cash equivalents in foreign bank accounts at December 31, 2013 and at December 31, 2012. As of December 31, 2013, the Company has no intentions of repatriating the cash in its foreign bank accounts. If the Company decides to repatriate the cash in the foreign bank accounts, it may experience difficulty in doing so in a timely manner and it may also be exposed to foreign currency fluctuations and taxes. The Company’s cash in its foreign bank accounts is not insured. | |||||||||||||||||||||||||||||||||
Investments | ' | ||||||||||||||||||||||||||||||||
Investments | |||||||||||||||||||||||||||||||||
At December 31, 2013 and 2012, the Company’s short-term investments consisted of pre-refunded municipal bonds, U.S. government agency bonds, and AA or higher rated corporate bonds all classified as held-to-maturity. | |||||||||||||||||||||||||||||||||
At December 31, 2013, the Company had invested $17.2 million in pre-refunded municipal bonds and taxable bond funds, $7.3 million in AA rated or higher corporate bond funds, $6.3 million in U.S. government agency bonds, and $5.3 million in certificates of deposit. The income and principal from the pre-refunded municipal bonds is secured by an irrevocable trust of U.S. Treasury securities. The bonds, classified as short-term investments, have original maturities greater than 90 days and mature in 2014. The Company’s bonds are recorded at the purchase price and carried at amortized cost. The net unrealized gains were approximately $15 and $6 at December 31, 2013 and December 31, 2012, respectively. Approximately 5% and 15% of the Company’s bonds were protected by bond default insurance at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||||
At December 31, 2012, the Company had invested $10.1 million in pre-refunded municipal bonds and taxable bond funds, $9.9 million in AA rated or higher corporate bond funds, $8.5 million in U.S. government agency bonds, and $5.1 million in certificates of deposit. | |||||||||||||||||||||||||||||||||
The Company categorizes its financial instruments within a fair value hierarchy established in Accounting Standards Codification (“ASC”) 820. The fair value hierarchy is described under the Fair Value of Financial Instruments in Note 1. For the Level 2 investments, the Company uses quoted prices of similar assets in active markets. | |||||||||||||||||||||||||||||||||
Cash equivalents, Level 1 and Level 2 investments measured at fair value were as follows: | |||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
Cash equivalents: | |||||||||||||||||||||||||||||||||
Money market funds and other cash equivalents | $ | 2,056 | $ | 0 | $ | 0 | $ | 2,056 | $ | 4,500 | $ | 0 | $ | 0 | $ | 4,500 | |||||||||||||||||
Investments: | |||||||||||||||||||||||||||||||||
Certificates of deposit | 5,360 | 0 | 0 | 5,360 | 5,062 | 0 | 0 | 5,062 | |||||||||||||||||||||||||
US government agency bonds | 0 | 6,291 | 0 | 6,291 | 0 | 8,498 | 0 | 8,498 | |||||||||||||||||||||||||
Municipal bonds | 0 | 17,200 | 0 | 17,200 | 0 | 10,162 | 0 | 10,162 | |||||||||||||||||||||||||
Corporate debt securities | 0 | 7,269 | 0 | 7,269 | 0 | 9,880 | 0 | 9,880 | |||||||||||||||||||||||||
Total | $ | 7,416 | $ | 30,760 | $ | 0 | $ | 38,176 | $ | 9,562 | $ | 28,540 | $ | 0 | $ | 38,102 | |||||||||||||||||
Accounts Receivable and Allowance for Doubtful Accounts | ' | ||||||||||||||||||||||||||||||||
Accounts Receivable and Allowance for Doubtful Accounts | |||||||||||||||||||||||||||||||||
Accounts receivable are recorded at invoiced amount with standard net terms for most customers that range between 30 and 60 days. The Company extends credit to its customers based on an evaluation of a company’s financial condition and collateral is generally not required. The Company maintains an allowance for doubtful accounts for estimated uncollectible accounts receivable. The allowance is based on the Company’s assessment of known delinquent accounts, historical experience, and other currently available evidence of the collectability and the aging of accounts receivable. The Company’s allowance for doubtful accounts was $0.1 million and $0.2 million at December 31, 2013 and 2012, respectively. The provision for doubtful accounts is included in sales and marketing expense in the consolidated statements of operations. | |||||||||||||||||||||||||||||||||
Inventories | ' | ||||||||||||||||||||||||||||||||
Inventories | |||||||||||||||||||||||||||||||||
Inventories are stated at the lower of cost or market and include material, labor and overhead costs using the first-in, first-out (“FIFO”) method of costing. Inventories as of December 31, 2013 and 2012 were composed of raw materials, sub-assemblies, finished goods and work-in-process. The Company had consigned inventory of $1.1 million and $1.2 million at December 31, 2013 and 2012, respectively. The Company records allowances to reduce the value of inventory to the lower of cost or market, including allowances for excess and obsolete inventory. The allowance for inventory losses was $1.9 million and $2.0 million as of December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||||
Inventories consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Raw materials | $ | 9,241 | $ | 12,226 | |||||||||||||||||||||||||||||
Work in process | 716 | 789 | |||||||||||||||||||||||||||||||
Finished goods | 4,578 | 4,558 | |||||||||||||||||||||||||||||||
Inventories, net | $ | 14,535 | $ | 17,573 | |||||||||||||||||||||||||||||
Prepaid and other current assets | ' | ||||||||||||||||||||||||||||||||
Prepaid and other current assets | |||||||||||||||||||||||||||||||||
Prepaid assets are stated at cost and are amortized over the useful lives (up to one year) of the assets. | |||||||||||||||||||||||||||||||||
Property and Equipment | ' | ||||||||||||||||||||||||||||||||
Property and Equipment | |||||||||||||||||||||||||||||||||
Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets. The Company depreciates computers over three years to five years, office equipment, manufacturing and test equipment and motor vehicles over five years, furniture and fixtures over seven years, and buildings over 30 years. Leasehold improvements are amortized over the shorter of the corresponding lease term or useful life. Depreciation expense and gains and losses on the disposal of property and equipment are included in cost of sales and operating expenses in the consolidated statements of operations. Maintenance and repairs are expensed as incurred. | |||||||||||||||||||||||||||||||||
Property and equipment consists of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Building | $ | 6,207 | $ | 6,207 | |||||||||||||||||||||||||||||
Computers and office equipment | 9,818 | 9,968 | |||||||||||||||||||||||||||||||
Manufacturing and test equipment | 10,415 | 9,495 | |||||||||||||||||||||||||||||||
Furniture and fixtures | 1,204 | 1,256 | |||||||||||||||||||||||||||||||
Leasehold improvements | 837 | 519 | |||||||||||||||||||||||||||||||
Motor vehicles | 117 | 150 | |||||||||||||||||||||||||||||||
Total property and equipment | 28,598 | 27,595 | |||||||||||||||||||||||||||||||
Less: Accumulated depreciation and amortization | (15,397 | ) | (14,590 | ) | |||||||||||||||||||||||||||||
Land | 1,770 | 1,770 | |||||||||||||||||||||||||||||||
Property and equipment, net | $ | 14,971 | $ | 14,775 | |||||||||||||||||||||||||||||
Depreciation and amortization expense was approximately $2.7 million, $2.4 million, and $2.5 million for the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||||||||||
Liabilities | ' | ||||||||||||||||||||||||||||||||
Liabilities | |||||||||||||||||||||||||||||||||
Accrued liabilities consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Payroll, bonuses, and other employee benefits | $ | 3,267 | $ | 859 | |||||||||||||||||||||||||||||
Inventory receipts | 1,489 | 2,191 | |||||||||||||||||||||||||||||||
Paid time off | 1,154 | 1,067 | |||||||||||||||||||||||||||||||
Warranties | 305 | 270 | |||||||||||||||||||||||||||||||
Employee stock purchase plan | 292 | 276 | |||||||||||||||||||||||||||||||
Professional fees | 309 | 269 | |||||||||||||||||||||||||||||||
Contractors and temporary labor | 232 | 6 | |||||||||||||||||||||||||||||||
Deferred rent and revenues | 199 | 127 | |||||||||||||||||||||||||||||||
Real estate taxes | 160 | 170 | |||||||||||||||||||||||||||||||
Income and sales taxes | 159 | 377 | |||||||||||||||||||||||||||||||
Other | 237 | 287 | |||||||||||||||||||||||||||||||
Total | $ | 7,803 | $ | 5,899 | |||||||||||||||||||||||||||||
Long-term liabilities consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Executive deferred compensation plan | $ | 1,908 | $ | 1,652 | |||||||||||||||||||||||||||||
Reserve for uncertain tax positions | 865 | 842 | |||||||||||||||||||||||||||||||
Deferred rent | 278 | 166 | |||||||||||||||||||||||||||||||
Deferred revenues | 86 | 74 | |||||||||||||||||||||||||||||||
Long-term obligations under capital leases | 0 | 2 | |||||||||||||||||||||||||||||||
$ | 3,137 | $ | 2,736 | ||||||||||||||||||||||||||||||
Revenue Recognition | ' | ||||||||||||||||||||||||||||||||
Revenue Recognition | |||||||||||||||||||||||||||||||||
The Company sells antennas, site solutions, and scanning receiver products, and provides network engineering services. The Company recognizes revenue when the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, price is fixed and determinable, and collectability is reasonably assured. | |||||||||||||||||||||||||||||||||
The Company recognizes revenue for sales of the products when title transfers, which is predominantly upon shipment from its factory. For products shipped on consignment, the Company recognizes revenue upon delivery from the consignment location. The Company allows its major antenna product distributors to return product under specified terms and conditions and accrues for product returns. The Company recognizes revenue for its network engineering services under the completed contract accounting method. However, since most the services occur in one week or less, revenue is generally recognized when the engineering reports are completed and issued to the customer. | |||||||||||||||||||||||||||||||||
Research and Development Costs | ' | ||||||||||||||||||||||||||||||||
Research and Development Costs | |||||||||||||||||||||||||||||||||
The Company expenses research and development costs as incurred. To date, the Company has expensed all software development costs related to research and development because the costs incurred subsequent to the products reaching technological feasibility were not significant. | |||||||||||||||||||||||||||||||||
Advertising Costs | ' | ||||||||||||||||||||||||||||||||
Advertising Costs | |||||||||||||||||||||||||||||||||
Advertising costs are expensed in the period in which they are incurred. Advertising expense was $166, $150 and $178 in each of the fiscal years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||||||||||||||||||||||
Income Taxes | ' | ||||||||||||||||||||||||||||||||
Income Taxes | |||||||||||||||||||||||||||||||||
Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are provided against deferred tax assets, which are not likely to be realized. On a regular basis, management evaluates the recoverability of deferred tax assets and the need for a valuation allowance. | |||||||||||||||||||||||||||||||||
Deferred tax assets arise when the Company recognizes charges or expenses in the financial statements that will not be allowed as income tax deductions until future periods. The deferred tax assets also include unused tax net operating losses and tax credits that the Company is allowed to carry forward to future years. Accounting rules permit the Company to carry the deferred tax assets on the balance sheet at full value as long as it is more likely than not the deductions, losses, or credits will be used in the future. A valuation allowance must be recorded against a deferred tax asset if this test cannot be met. | |||||||||||||||||||||||||||||||||
The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. | |||||||||||||||||||||||||||||||||
Sales and Value Added Taxes | ' | ||||||||||||||||||||||||||||||||
Sales and Value Added Taxes | |||||||||||||||||||||||||||||||||
Taxes collected from customers and remitted to governmental authorities are presented on a net basis in cost of sales in the accompanying consolidated statements of operations. | |||||||||||||||||||||||||||||||||
Shipping and handling costs | ' | ||||||||||||||||||||||||||||||||
Shipping and handling costs | |||||||||||||||||||||||||||||||||
Shipping and handling costs are included on a gross basis in cost of sales in the accompanying consolidated statements of operations. | |||||||||||||||||||||||||||||||||
Goodwill | ' | ||||||||||||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||||||||||||
The Company performs an annual impairment test of goodwill as of the end of the first month of the fiscal fourth quarter (October 31st), or at an interim date if an event occurs or if circumstances change that would indicate that an impairment loss may have been incurred. In performing our annual impairment test, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value, including goodwill. If our qualitative assessment is indicative of possible impairment, then a two-step quantitative fair value assessment is performed at the reporting unit level. In the first step, the fair value of each reporting unit is compared with its carrying value. If the fair value exceeds the carrying value, then goodwill is not impaired and no further testing is performed. The second step is performed if the carrying value exceeds the fair value. The implied fair value of goodwill is then compared against the carrying value of goodwill to determine the amount of impairment. | |||||||||||||||||||||||||||||||||
The process of evaluating the potential impairment of goodwill is subjective because it requires the use of estimates and assumptions in determining a reporting unit’s fair value. The Company calculates the fair value of each reporting unit by using a blended analysis of the present value of future discounted cash flows and the market approach of valuation. The discounted cash flow method requires the Company to use estimates and judgments about the future cash flows of the reporting units. Although the Company bases cash flow forecasts on assumptions that are consistent with plans and estimates the Company uses to manage the underlying reporting units, there is significant judgment in determining the cash flows attributable to these reporting units, including markets and market share, sales volumes and mix, research and development expenses, tax rates, capital spending, discount rate and working capital changes. Cash flow forecasts are based on reporting unit operating plans for the early years and business projections in later years. The market approach is based on a comparison of the Company to comparable publicly traded firms in similar lines of business. This method requires the Company to use estimates and judgments when determining comparable companies. The Company assesses such factors as size, growth, profitability, risk and return on investment. The Company believes the accounting estimate related to the valuation of goodwill is a critical accounting estimate because it requires us to make assumptions that are highly uncertain about the future cash flows of our reporting units. Changes in these estimates can have a material impact on our financial statements. | |||||||||||||||||||||||||||||||||
While the use of historical results and future projections can result in different valuations for a business, it is a generally accepted valuation practice to apply more than one valuation technique to establish a range of values for a business. Since each technique relies on different inputs and assumptions, it is unlikely that each technique would yield the same results. However, it is expected that the different techniques would establish a reasonable range. In determining the fair value, the Company weighs the two methods equally because it believes both methods have an equal probability of providing an appropriate fair value. | |||||||||||||||||||||||||||||||||
As of October 31, 2013 the Company performed a qualitative analysis of goodwill and concluded that there was no triggering event that would necessitate a two-step goodwill impairment test. | |||||||||||||||||||||||||||||||||
The Company recognized goodwill of $12.5 million with the acquisition of assets from TelWorx in July 2012. Goodwill recorded in connection with this acquisition was primarily attributable to the synergies expected to arise after the Company’s acquisition of the business and the assembled workforce of the acquired business. During the fourth quarter 2012, the Company recorded a goodwill impairment of $12.5 million related to its TelWorx acquisition based on the results from our annual test of goodwill impairment. This amount represented the total goodwill associated with the acquisition. Specifically, the projected 2013 base revenue declined 17% from the projections utilized in the purchase accounting fair value of the TelWorx assets at the acquisition date. The projected revenue, anticipated margins, and future cash flows of the business were significantly lower at the annual goodwill test date than at the acquisition date. The Company considered this revenue decline at the annual goodwill test date to be an indicator of goodwill impairment requiring the performance of the two step quantitative fair value assessment, which resulted in a net present value of future cash flows that did not support a goodwill carrying value for this reporting unit. The two step quantitative fair value assessment performed on the Envision goodwill resulted in a fair value that supported all of its goodwill at year end 2012. | |||||||||||||||||||||||||||||||||
During the year ended December 31, 2011, the Company recognized goodwill of $0.2 million with the acquisition of assets from Envision Wireless in October 2011. The Company’s market capitalization as of the date of the acquisition exceeded the book value of the Company. Since the acquisition date was concurrent with the Company’s annual goodwill test date and there was not a triggering event for goodwill impairment, the Company did not perform a separate two-step goodwill impairment test. | |||||||||||||||||||||||||||||||||
Long-lived and Definite-Lived Intangible assets | ' | ||||||||||||||||||||||||||||||||
Long-lived and Definite-Lived Intangible assets | |||||||||||||||||||||||||||||||||
The Company reviews definite-lived intangible assets, investments and other long-lived assets for impairment when events or changes in circumstances indicate that their carrying values may not be fully recoverable. This analysis differs from the Company’s goodwill analysis in that a definite-lived intangible asset impairment is only deemed to have occurred if the sum of the forecasted undiscounted future cash flows related to the assets being evaluated is less than the carrying value of the assets. The estimate of long-term undiscounted cash flows includes long-term forecasts of revenue growth, gross margins, and operating expenses. All of these items require significant judgment and assumptions. An impairment loss may exist when the estimated undiscounted cash flows attributable to the assets are less than the carrying amount. | |||||||||||||||||||||||||||||||||
The Company had no assets for continuing operations measured at fair value on a non-recurring basis at December 31, 2013. | |||||||||||||||||||||||||||||||||
The following table presents assets for continuing operations measured at fair value on a non-recurring basis at December 31, 2012: | |||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Loss | ||||||||||||||||||||||||||||||
Intangible assets - RF Solutions | $ | 0 | $ | 0 | $ | 161 | $ | 0 | |||||||||||||||||||||||||
Intangible assets - Connected Solutions | 0 | 0 | 0 | ($ | 12,550 | ) | |||||||||||||||||||||||||||
Total | $ | 0 | $ | 0 | $ | 161 | ($ | 12,550 | ) | ||||||||||||||||||||||||
The Company did not conduct an impairment analysis at December 31, 2011 because there were no triggering events or circumstances indicating that carrying values may not be recoverable. | |||||||||||||||||||||||||||||||||
Recent Accounting Pronouncements | ' | ||||||||||||||||||||||||||||||||
Recent Accounting Pronouncements | |||||||||||||||||||||||||||||||||
In February 2013, the FASB issued ASU No. 2013-02, “Comprehensive Income (Topic 220) - Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The objective of this update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments in the update require an entity to report the effect of significant respective line items in net income if the amount being reclassified is required to be reclassified in its entirety to net income. For amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference other disclosures. The amendments in this update are effective prospectively for reporting periods after December 15, 2012. The adoption of this update did have a material effect on the Company’s financial position, results of operations or cash flows. | |||||||||||||||||||||||||||||||||
In July 2013, the FASB issued ASU 2013-11, which provides that an unrecognized tax benefit, or a portion thereof, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except to the extent that a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date to settle any additional income taxes that would result from disallowance of a tax position, or the tax law does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, then the unrecognized tax benefit should be presented as a liability. This standard is effective for the Company for fiscal years beginning after December 15, 2013. The Company does not expect adoption of this ASU to significantly impact its consolidated financial statements. |
Organization_and_Summary_of_Si2
Organization and Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||||||||||||||||||
Cash and Cash Equivalents and Investments | ' | ||||||||||||||||||||||||||||||||
The Company’s cash and investments consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Cash | $ | 19,734 | $ | 13,043 | |||||||||||||||||||||||||||||
Cash equivalents | 2,056 | 4,500 | |||||||||||||||||||||||||||||||
Short-term investments | 36,105 | 33,596 | |||||||||||||||||||||||||||||||
$ | 57,895 | $ | 51,139 | ||||||||||||||||||||||||||||||
Cash equivalents and investments measured at fair value | ' | ||||||||||||||||||||||||||||||||
Cash equivalents, Level 1 and Level 2 investments measured at fair value were as follows: | |||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||
Cash equivalents: | |||||||||||||||||||||||||||||||||
Money market funds and other cash equivalents | $ | 2,056 | $ | 0 | $ | 0 | $ | 2,056 | $ | 4,500 | $ | 0 | $ | 0 | $ | 4,500 | |||||||||||||||||
Investments: | |||||||||||||||||||||||||||||||||
Certificates of deposit | 5,360 | 0 | 0 | 5,360 | 5,062 | 0 | 0 | 5,062 | |||||||||||||||||||||||||
US government agency bonds | 0 | 6,291 | 0 | 6,291 | 0 | 8,498 | 0 | 8,498 | |||||||||||||||||||||||||
Municipal bonds | 0 | 17,200 | 0 | 17,200 | 0 | 10,162 | 0 | 10,162 | |||||||||||||||||||||||||
Corporate debt securities | 0 | 7,269 | 0 | 7,269 | 0 | 9,880 | 0 | 9,880 | |||||||||||||||||||||||||
Total | $ | 7,416 | $ | 30,760 | $ | 0 | $ | 38,176 | $ | 9,562 | $ | 28,540 | $ | 0 | $ | 38,102 | |||||||||||||||||
Summary of Inventories | ' | ||||||||||||||||||||||||||||||||
Inventories consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Raw materials | $ | 9,241 | $ | 12,226 | |||||||||||||||||||||||||||||
Work in process | 716 | 789 | |||||||||||||||||||||||||||||||
Finished goods | 4,578 | 4,558 | |||||||||||||||||||||||||||||||
Inventories, net | $ | 14,535 | $ | 17,573 | |||||||||||||||||||||||||||||
Summary of property and equipment | ' | ||||||||||||||||||||||||||||||||
Property and equipment consists of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Building | $ | 6,207 | $ | 6,207 | |||||||||||||||||||||||||||||
Computers and office equipment | 9,818 | 9,968 | |||||||||||||||||||||||||||||||
Manufacturing and test equipment | 10,415 | 9,495 | |||||||||||||||||||||||||||||||
Furniture and fixtures | 1,204 | 1,256 | |||||||||||||||||||||||||||||||
Leasehold improvements | 837 | 519 | |||||||||||||||||||||||||||||||
Motor vehicles | 117 | 150 | |||||||||||||||||||||||||||||||
Total property and equipment | 28,598 | 27,595 | |||||||||||||||||||||||||||||||
Less: Accumulated depreciation and amortization | (15,397 | ) | (14,590 | ) | |||||||||||||||||||||||||||||
Land | 1,770 | 1,770 | |||||||||||||||||||||||||||||||
Property and equipment, net | $ | 14,971 | $ | 14,775 | |||||||||||||||||||||||||||||
Summary of accrued liabilities | ' | ||||||||||||||||||||||||||||||||
Accrued liabilities consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Payroll, bonuses, and other employee benefits | $ | 3,267 | $ | 859 | |||||||||||||||||||||||||||||
Inventory receipts | 1,489 | 2,191 | |||||||||||||||||||||||||||||||
Paid time off | 1,154 | 1,067 | |||||||||||||||||||||||||||||||
Warranties | 305 | 270 | |||||||||||||||||||||||||||||||
Employee stock purchase plan | 292 | 276 | |||||||||||||||||||||||||||||||
Professional fees | 309 | 269 | |||||||||||||||||||||||||||||||
Contractors and temporary labor | 232 | 6 | |||||||||||||||||||||||||||||||
Deferred rent and revenues | 199 | 127 | |||||||||||||||||||||||||||||||
Real estate taxes | 160 | 170 | |||||||||||||||||||||||||||||||
Income and sales taxes | 159 | 377 | |||||||||||||||||||||||||||||||
Other | 237 | 287 | |||||||||||||||||||||||||||||||
Total | $ | 7,803 | $ | 5,899 | |||||||||||||||||||||||||||||
Summary of Long-term liabilities | ' | ||||||||||||||||||||||||||||||||
Long-term liabilities consist of the following: | |||||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Executive deferred compensation plan | $ | 1,908 | $ | 1,652 | |||||||||||||||||||||||||||||
Reserve for uncertain tax positions | 865 | 842 | |||||||||||||||||||||||||||||||
Deferred rent | 278 | 166 | |||||||||||||||||||||||||||||||
Deferred revenues | 86 | 74 | |||||||||||||||||||||||||||||||
Long-term obligations under capital leases | 0 | 2 | |||||||||||||||||||||||||||||||
$ | 3,137 | $ | 2,736 | ||||||||||||||||||||||||||||||
Summary of other intangible assets | ' | ||||||||||||||||||||||||||||||||
The following table presents assets for continuing operations measured at fair value on a non-recurring basis at December 31, 2012: | |||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Loss | ||||||||||||||||||||||||||||||
Intangible assets - RF Solutions | $ | 0 | $ | 0 | $ | 161 | $ | 0 | |||||||||||||||||||||||||
Intangible assets - Connected Solutions | 0 | 0 | 0 | ($ | 12,550 | ) | |||||||||||||||||||||||||||
Total | $ | 0 | $ | 0 | $ | 161 | ($ | 12,550 | ) | ||||||||||||||||||||||||
Earnings_per_Share_Tables
Earnings per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Computation of Basic and Diluted Earnings Per Share | ' | ||||||||||||
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Basic Earnings Per Share computation: | |||||||||||||
Numerator: | |||||||||||||
Net income (loss) from continuing operations | $ | 3,342 | ($ | 6,672 | ) | $ | 1,681 | ||||||
Net loss from discontinued operations | ($ | 91 | ) | ($ | 2,587 | ) | ($ | 1,497 | ) | ||||
Net income (loss) | $ | 3,251 | ($ | 9,259 | ) | $ | 184 | ||||||
Denominator: | |||||||||||||
Common shares outstanding | 17,797 | 17,402 | 17,186 | ||||||||||
Earnings per common share - basic | |||||||||||||
Net income (loss) from continuing operations | $ | 0.19 | ($ | 0.38 | ) | $ | 0.1 | ||||||
Net loss from discontinued operations | ($ | 0.01 | ) | ($ | 0.15 | ) | ($ | 0.09 | ) | ||||
Net income (loss) | $ | 0.18 | ($ | 0.53 | ) | $ | 0.01 | ||||||
Diluted Earnings Per Share computation: | |||||||||||||
Denominator: | |||||||||||||
Common shares outstanding | 17,797 | 17,402 | 17,186 | ||||||||||
Restricted shares subject to vesting | 232 | * | 442 | ||||||||||
Performance shares subject to vesting | 97 | * | 109 | ||||||||||
Common stock option grants | 58 | * | 2 | ||||||||||
Total shares | 18,184 | 17,402 | 17,739 | ||||||||||
Earnings per common share - diluted | |||||||||||||
Net income (loss) from continuing operations | $ | 0.18 | ($ | 0.38 | ) | $ | 0.09 | ||||||
Net loss from discontinued operations | $ | 0 | ($ | 0.15 | ) | ($ | 0.08 | ) | |||||
Net income (loss) | $ | 0.18 | ($ | 0.53 | ) | $ | 0.01 | ||||||
* | As denoted by “*” in the table above, weighted average common stock option grants and restricted shares of 439,000 were excluded from the calculations of diluted net loss per share for the years ended December 31, 2012 since their effects are anti-dilutive. |
PCTEL_Secure_discontinued_oper1
PCTEL Secure - discontinued operations (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Assets and Liabilities Classified as Discontinued Operations Held for Sale on Condensed Consolidated Balances Sheets | ' | ||||||||||||
Summary results of operations for the discontinued operations included in the condensed consolidated statement of operations are as follows: | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Operating loss | ($ | 191 | ) | ($ | 3,828 | ) | ($ | 2,343 | ) | ||||
Other income, net | 0 | 41 | 163 | ||||||||||
Net loss attributable to noncontrolling interests | 0 | 687 | 1,158 | ||||||||||
Adjustments to redemption value of noncontrolling interests | 0 | (647 | ) | (863 | ) | ||||||||
Loss from discontinued operations, before income taxes | (191 | ) | (3,747 | ) | (1,885 | ) | |||||||
Benefit for income tax | (100 | ) | (1,160 | ) | (388 | ) | |||||||
Loss from discontinued operations, net of tax | ($ | 91 | ) | ($ | 2,587 | ) | ($ | 1,497 | ) | ||||
Income (loss) from discontinued operations per common share: | |||||||||||||
Basic | ($ | 0.01 | ) | ($ | 0.15 | ) | ($ | 0.09 | ) | ||||
Diluted | $ | 0 | ($ | 0.15 | ) | ($ | 0.08 | ) | |||||
Weighted average shares: | |||||||||||||
Basic | 17,797 | 17,402 | 17,186 | ||||||||||
Diluted | 18,184 | 17,402 | 17,739 | ||||||||||
Balance Sheet [Member] | ' | ||||||||||||
Assets and Liabilities Classified as Discontinued Operations Held for Sale on Condensed Consolidated Balances Sheets | ' | ||||||||||||
Assets and liabilities classified as discontinued operations or held for sale on the condensed consolidated balances sheets include the following: | |||||||||||||
December 31, | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
Cash and cash equivalents | $ | 0 | $ | 16 | |||||||||
Fixed assets | 0 | 2 | |||||||||||
Total assets | $ | 0 | $ | 18 | |||||||||
Accounts payable | $ | 0 | $ | 86 | |||||||||
Accrued liabilities | 0 | 17 | |||||||||||
Total liabilities | $ | 0 | $ | 103 | |||||||||
Acquisitions_Tables
Acquisitions (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
TelWorx Communications LLC [Member] | ' | ||||||||||||
Allocation of Purchase Price for Assets from Date of Acquisition | ' | ||||||||||||
The following is the allocation of the purchase price for the assets acquired from TelWorx at the date of the acquisition. | |||||||||||||
Estimated Fair | Provisional | ||||||||||||
Value July 9, 2012 | Adjustments | ||||||||||||
as reported at | Subsequent to | Estimated Fair | |||||||||||
September 30, 2012 | September 30, 2012 | Value July 9, 2012 | |||||||||||
Tangible assets: | |||||||||||||
Accounts receivable | $ | 1,575 | ($ | 205 | ) | $ | 1,370 | ||||||
Inventory | 1,843 | (465 | ) | 1,378 | |||||||||
Prepaid expenses | 9 | 0 | 9 | ||||||||||
Fixed assets | 248 | 0 | 248 | ||||||||||
Total tangible assets | 3,675 | (670 | ) | 3,005 | |||||||||
Intangible assets: | |||||||||||||
Goodwill | 9,491 | 3,059 | 12,550 | ||||||||||
Trade names | 1,527 | (268 | ) | 1,259 | |||||||||
Technology | 458 | 12 | 470 | ||||||||||
Customer relationships | 2,898 | (2,781 | ) | 117 | |||||||||
Backlog | 91 | (58 | ) | 33 | |||||||||
Non-compete | 262 | (248 | ) | 14 | |||||||||
Total intangible assets | 14,727 | (284 | ) | 14,443 | |||||||||
Total assets | 18,402 | (954 | ) | 17,448 | |||||||||
Capital leases | 57 | (20 | ) | 37 | |||||||||
Accounts payable | 1,113 | 100 | 1,213 | ||||||||||
Accrued liabilities | 85 | 33 | 118 | ||||||||||
Total liabilities | 1,255 | 113 | 1,368 | ||||||||||
Net assets acquired | $ | 17,147 | ($ | 1,067 | ) | $ | 16,080 | ||||||
Pro Forma Financial Information for TelWorx | ' | ||||||||||||
The following unaudited pro forma financial information gives effect to the acquisition of the TelWorx business as if the acquisition had taken place on January 1, 2011. The pro forma financial information for TelWorx was derived from the unaudited historical accounting records of TelWorx. | |||||||||||||
2012 | 2011 | ||||||||||||
REVENUES | $ | 96,171 | $ | 95,467 | |||||||||
LOSS BEFORE INCOME TAXES | ($ | 14,919 | ) | $ | 809 | ||||||||
Envision Wireless LLC [Member] | ' | ||||||||||||
Allocation of Purchase Price for Assets from Date of Acquisition | ' | ||||||||||||
The following is the allocation of the purchase price for the assets from Envision at the date of the acquisition: | |||||||||||||
Tangible assets: | |||||||||||||
Accounts receivable | $ | 300 | |||||||||||
Fixed assets | 129 | ||||||||||||
Total tangible assets | 429 | ||||||||||||
Intangible assets: | |||||||||||||
Customer relationships | 500 | ||||||||||||
Trade names | 126 | ||||||||||||
Backlog | 20 | ||||||||||||
Non-compete | 217 | ||||||||||||
Goodwill | 161 | ||||||||||||
Total intangible assets | 1,024 | ||||||||||||
Total assets | 1,453 | ||||||||||||
Accrued liabilities | 3 | ||||||||||||
Net assets acquired | $ | 1,450 | |||||||||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Goodwill | ' | ||||||||||||||||||||||||
Amount | |||||||||||||||||||||||||
Balance at January 1, 2012 | $ | 161 | |||||||||||||||||||||||
Goodwill aquired - TelWorx | 12,550 | ||||||||||||||||||||||||
Goodwill impairment - TelWorx | (12,550 | ) | |||||||||||||||||||||||
Balance at December 31, 2012 | 161 | ||||||||||||||||||||||||
Goodwill activity | 0 | ||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 161 | |||||||||||||||||||||||
Summary of Other Intangible Assets | ' | ||||||||||||||||||||||||
The summary of other intangible assets, net as of December 31 for the years ended 2013 and 2012 is as follows: | |||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Accumulated | Net Book | Accumulated | Net Book | ||||||||||||||||||||||
Cost | Amortization | Value | Cost | Amortization | Value | ||||||||||||||||||||
Customer contracts and relationships | $ | 17,381 | $ | 14,386 | $ | 2,995 | $ | 17,381 | $ | 12,463 | $ | 4,918 | |||||||||||||
Patents and technology | 6,781 | 6,419 | 362 | 6,781 | 6,281 | 500 | |||||||||||||||||||
Trademarks and trade names | 3,988 | 2,864 | 1,124 | 3,988 | 2,575 | 1,413 | |||||||||||||||||||
Other | 1,998 | 1,875 | 123 | 1,998 | 1,825 | 173 | |||||||||||||||||||
$ | 30,148 | $ | 25,544 | $ | 4,604 | $ | 30,148 | $ | 23,144 | $ | 7,004 | ||||||||||||||
Summary of Assigned Lives and Weighted Average Amortization Periods by Intangible Asset Category | ' | ||||||||||||||||||||||||
The assigned lives and weighted average amortization periods by intangible asset category is summarized below: | |||||||||||||||||||||||||
Weighted Average | |||||||||||||||||||||||||
Intangible Assets | Assigned Life | Amortization Period | |||||||||||||||||||||||
Customer contracts and relationships | 4 to 6 years | 5.1 | |||||||||||||||||||||||
Patents and technology | 1 to 6 years | 5.2 | |||||||||||||||||||||||
Trademarks and trade names | 3 to 8 years | 7.4 | |||||||||||||||||||||||
Other | 1 to 6 years | 5.6 | |||||||||||||||||||||||
Schedule of Expected Amortization Expense | ' | ||||||||||||||||||||||||
The Company’s scheduled amortization expense over the next five years is as follows: | |||||||||||||||||||||||||
Fiscal Year | Amount | ||||||||||||||||||||||||
2014 | $ | 1,967 | |||||||||||||||||||||||
2015 | $ | 1,737 | |||||||||||||||||||||||
2016 | $ | 468 | |||||||||||||||||||||||
2017 | $ | 288 | |||||||||||||||||||||||
Thereafter | $ | 144 |
Restructuring_Tables
Restructuring (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||
Summary of Restructuring Charges | ' | ||||||||||||
The following tables summarize the Company’s restructuring accrual activity: | |||||||||||||
Asset | |||||||||||||
Severance | Disposals | Total | |||||||||||
Balance at December 31, 2011 | $ | 0 | $ | 0 | $ | 0 | |||||||
Restructuring charges | 157 | 0 | 157 | ||||||||||
Payments/Charges | (156 | ) | 0 | (156 | ) | ||||||||
Balance at December 31, 2012 | 1 | 0 | 1 | ||||||||||
Restructuring charges | 190 | 66 | 256 | ||||||||||
Payments/Charges | (191 | ) | (66 | ) | (257 | ) | |||||||
Balance at December 31, 2013 | $ | 0 | $ | 0 | $ | 0 | |||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Reconciliation of the Benefit for Income Taxes | ' | ||||||||||||
A reconciliation of the benefit for income taxes at the federal statutory rate compared to the benefit at the effective tax rate is as follows: | |||||||||||||
Years Ended December 31 | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Statutory federal income tax rate | 34 | % | 34 | % | 34 | % | |||||||
State income tax, net of federal benefit | 5 | % | 5 | % | 5 | % | |||||||
Effective state rate change to deferred tax assets | 4 | % | 0 | % | -3 | % | |||||||
Release of valuation allowance | 0 | % | 0 | % | -3 | % | |||||||
Foreign income taxed at different rates | 0 | % | 0 | % | -2 | % | |||||||
Research and development credits | -4 | % | 0 | % | -4 | % | |||||||
Return to provision adjustments | 1 | % | 0 | % | -2 | % | |||||||
Tax effect of permanent differences | 1 | % | -1 | % | 1 | % | |||||||
41 | % | 38 | % | 26 | % | ||||||||
Components of the Loss Before Provision (Benefit) for Income Taxes | ' | ||||||||||||
The domestic and foreign components of the continuing income (loss) before provision (benefit) for income taxes were as follows: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Domestic | $ | 5,413 | ($ | 11,128 | ) | $ | 2,005 | ||||||
Foreign | 261 | 367 | 280 | ||||||||||
$ | 5,674 | ($ | 10,761 | ) | $ | 2,285 | |||||||
Summary of Benefit for Income Taxes | ' | ||||||||||||
The (benefit) expense for income taxes of continuing operations consisted of the following: | |||||||||||||
Years Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current: | |||||||||||||
Federal | $ | 23 | $ | 17 | ($ | 45 | ) | ||||||
State | 56 | 16 | (8 | ) | |||||||||
Foreign | 88 | 142 | 47 | ||||||||||
167 | 175 | (6 | ) | ||||||||||
Deferred: | |||||||||||||
Federal | 1,696 | (3,630 | ) | 614 | |||||||||
State | 481 | (591 | ) | 85 | |||||||||
Foreign | (12 | ) | (43 | ) | (89 | ) | |||||||
2,165 | (4,264 | ) | 610 | ||||||||||
Total | $ | 2,332 | ($ | 4,089 | ) | $ | 604 | ||||||
Summary of Net Deferred Tax Accounts | ' | ||||||||||||
The net deferred tax accounts consist of the following: | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred Tax Assets: | |||||||||||||
Amortization | $ | 9,213 | $ | 11,580 | |||||||||
Stock compensation | 1,685 | 1,713 | |||||||||||
Federal, foreign, and state credits | 977 | 799 | |||||||||||
Inventory reserves | 1,018 | 966 | |||||||||||
Deferred compensation | 706 | 611 | |||||||||||
Accrued vacation | 417 | 375 | |||||||||||
Net operating loss carryforwards | 1,230 | 1,148 | |||||||||||
Other | 311 | 251 | |||||||||||
Gross deferred tax assets | 15,557 | 17,443 | |||||||||||
Valuation allowance | (640 | ) | (662 | ) | |||||||||
Net deferred tax asset | 14,917 | 16,781 | |||||||||||
Deferred Tax liabilities: | |||||||||||||
Depreciation | (1,461 | ) | (1,263 | ) | |||||||||
Net Deferred Tax Assets | $ | 13,456 | $ | 15,518 | |||||||||
Classification of Deferred Tax Amounts on the Balance Sheet | ' | ||||||||||||
The classification of deferred tax amounts on the balance sheet is as follows: | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Current: | |||||||||||||
Deferred tax assets | $ | 1,629 | $ | 1,484 | |||||||||
Deferred tax liabilities | 0 | 0 | |||||||||||
Current deferred tax assets | 1,629 | 1,484 | |||||||||||
Non-current: | |||||||||||||
Deferred tax assets | 13,288 | 15,297 | |||||||||||
Deferred tax liabilities | (1,461 | ) | (1,263 | ) | |||||||||
Non-current deferred tax assets, net | 11,827 | 14,034 | |||||||||||
Net Deferred Tax Assets | $ | 13,456 | $ | 15,518 | |||||||||
Schedule of Unrecognized Tax Benefits | ' | ||||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits at December 31, 2013 and 2012 respectively is as follows: | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Beginning of period | $ | 1,480 | $ | 1,323 | |||||||||
Addition related to tax positions in current year | 59 | 157 | |||||||||||
End of period | $ | 1,539 | $ | 1,480 | |||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Future Minimum Rental Payments | ' | ||||||||
The future minimum rental payments under these leases at December 31, 2013, are as follows: | |||||||||
Year | Amount | ||||||||
2014 | $ | 868 | |||||||
2015 | 817 | ||||||||
2016 | 700 | ||||||||
2017 | 586 | ||||||||
Thereafter | 1,182 | ||||||||
Future minumum lease payments | $ | 4,153 | |||||||
Changes in Warranty Reserves | ' | ||||||||
Year Ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Beginning balance | $ | 270 | $ | 249 | |||||
Provisions for warranty | 192 | 85 | |||||||
Consumption of reserves | (157 | ) | (64 | ) | |||||
Ending balance | $ | 305 | $ | 270 | |||||
Shareholders_Equity_Tables
Shareholders' Equity (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
Summary of Activity Related to Common Shares Outstanding | ' | ||||||||||||
The activity related to common shares outstanding for the years ended December 31, 2013, 2012, and 2011 as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Beginning of year | 18,515 | 18,219 | 18,286 | ||||||||||
Issuance of common stock on exercise of stock options net of stock swaps | 91 | 5 | 5 | ||||||||||
Issuance of restricted common stock and performance shares, net of cancellations | 49 | 348 | 328 | ||||||||||
Issuance of common stock from purchase of Employee Stock Purchase Plan shares | 113 | 104 | 107 | ||||||||||
Issuance of common stock for stock bonuses, net of shares for tax | 0 | 0 | 48 | ||||||||||
Cancellation of stock for withholding tax for vested shares | (142 | ) | (161 | ) | (150 | ) | |||||||
Common stock buyback | (60 | ) | 0 | (405 | ) | ||||||||
End of Year | 18,566 | 18,515 | 18,219 | ||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Total Stock-Based Compensation | ' | ||||||||||||||||||||||||
The stock-based compensation is reflected in the consolidated statements of operations as follows: | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Cost of revenues | $ | 390 | $ | 378 | $ | 293 | |||||||||||||||||||
Research and development | 689 | 585 | 579 | ||||||||||||||||||||||
Sales and marketing | 575 | 544 | 647 | ||||||||||||||||||||||
General and administrative | 1,786 | 1,479 | 1,724 | ||||||||||||||||||||||
Total continuing operations | 3,440 | 2,986 | 3,243 | ||||||||||||||||||||||
Discontinued operations | 1 | 6 | 0 | ||||||||||||||||||||||
Total | $ | 3,441 | $ | 2,992 | $ | 3,243 | |||||||||||||||||||
Summary of Stock-Based Compensation Expense by Type | ' | ||||||||||||||||||||||||
The stock-based compensation expense by type is as follows: | |||||||||||||||||||||||||
Years Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Service-based awards | $ | 2,332 | $ | 2,732 | $ | 2,717 | |||||||||||||||||||
Performance-based shares and stock options | 226 | 0 | 273 | ||||||||||||||||||||||
Stock option and employee purchase plans | 883 | 260 | 236 | ||||||||||||||||||||||
Stock bonuses for short-term incentive plan | 0 | 0 | 17 | ||||||||||||||||||||||
$ | 3,441 | $ | 2,992 | $ | 3,243 | ||||||||||||||||||||
Summary of Stock Option Activity | ' | ||||||||||||||||||||||||
A summary of the Company’s stock option activity for the years ended December 31 is as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Weighted | Weighted | Weighted | |||||||||||||||||||||||
Average | Average | Average | |||||||||||||||||||||||
Options | Exercise | Options | Exercise | Options | Exercise | ||||||||||||||||||||
Outstanding | Price | Outstanding | Price | Outstanding | Price | ||||||||||||||||||||
Beginning of Year | 1,099,106 | $ | 9.06 | 1,411,581 | $ | 9.02 | 1,596,713 | $ | 9.04 | ||||||||||||||||
Options granted | 698,050 | 7.23 | 76,300 | 6.39 | 8,700 | 6.9 | |||||||||||||||||||
Options exercised | (164,079 | ) | 7.84 | (5,000 | ) | 6.58 | (5,125 | ) | 6.72 | ||||||||||||||||
Options forfeited | (40,783 | ) | 6.86 | (25,992 | ) | 6.3 | (9,027 | ) | 9.34 | ||||||||||||||||
Options cancelled/expired | (130,735 | ) | 8.85 | (357,783 | ) | 8.57 | (179,680 | ) | 6.29 | ||||||||||||||||
End of Year | 1,461,559 | $ | 8.4 | 1,099,106 | $ | 9.06 | 1,411,581 | $ | 9.02 | ||||||||||||||||
Exercisable | 759,284 | $ | 9.51 | 1,037,420 | $ | 9.22 | 1,390,265 | $ | 9.05 | ||||||||||||||||
Information About Stock Options Outstanding Under all Stock Plans | ' | ||||||||||||||||||||||||
The following table summarizes information about stock options outstanding under all stock option plans: | |||||||||||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||||||||||
Weighted | |||||||||||||||||||||||||
Average | Weighted- | Weighted | |||||||||||||||||||||||
Range of | Number | Contractual Life | Average | Number | Average | ||||||||||||||||||||
Exercise Prices | Outstanding | (Years) | Exercise Price | Exercisable | Exercise Price | ||||||||||||||||||||
$5.50 - $6.86 | 74,479 | 4.73 | $ | 6.61 | 50,870 | $ | 6.71 | ||||||||||||||||||
6.87 - 7.93 | 730,320 | 5.87 | 7.25 | 59,154 | 7.72 | ||||||||||||||||||||
7.94 - 8.63 | 33,895 | 2.47 | 8.49 | 32,895 | 8.49 | ||||||||||||||||||||
8.64 - 8.76 | 36,500 | 2.13 | 8.76 | 36,500 | 8.76 | ||||||||||||||||||||
8.77 - 9.09 | 104,500 | 1.81 | 9.08 | 100,000 | 9.09 | ||||||||||||||||||||
9.10 - 9.12 | 6,575 | 2.48 | 9.11 | 6,575 | 9.11 | ||||||||||||||||||||
9.13 - 9.16 | 132,000 | 2.59 | 9.16 | 132,000 | 9.16 | ||||||||||||||||||||
9.17 - 10.25 | 122,280 | 2.31 | 9.69 | 120,280 | 9.69 | ||||||||||||||||||||
10.26 - 11.00 | 80,960 | 1.25 | 10.7 | 80,960 | 10.7 | ||||||||||||||||||||
11.01 - 11.84 | 140,050 | 0.06 | 11.56 | 140,050 | 11.56 | ||||||||||||||||||||
$5.50 - $11.84 | 1,461,559 | 3.93 | $ | 8.4 | 759,284 | $ | 9.51 | ||||||||||||||||||
Weighted Average Contractual Life and Intrinsic Value of the Options Outstanding | ' | ||||||||||||||||||||||||
The weighted average contractual life and intrinsic value at December 31, 2013 was the following: | |||||||||||||||||||||||||
Weighted | |||||||||||||||||||||||||
Average | |||||||||||||||||||||||||
Contractual | Intrinsic | ||||||||||||||||||||||||
Life (years) | Value | ||||||||||||||||||||||||
Options Outstanding | 3.93 | $ | 2,109 | ||||||||||||||||||||||
Options Exercisable | 1.78 | $ | 442 | ||||||||||||||||||||||
Fair Value of Date of Grant Using Black Scholes Option Pricing Model | ' | ||||||||||||||||||||||||
The Company calculated the fair value of each option grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions at December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Dividend yield | 1.7 | % | 1.7 | % | 1.7 | % | |||||||||||||||||||
Risk-free interest rate | 0.5 | % | 0.3 | % | 0.5 | % | |||||||||||||||||||
Expected volatility | 45 | % | 52 | % | 52 | % | |||||||||||||||||||
Expected life (in years) | 5.8 | 5.5 | 4.9 | ||||||||||||||||||||||
Summary of Retention Stock Option Activity | ' | ||||||||||||||||||||||||
The following table summarizes the retention stock option activity for the year ended December 31, 2013: | |||||||||||||||||||||||||
Weighted | |||||||||||||||||||||||||
Retention | Average | ||||||||||||||||||||||||
Options | Exercise | ||||||||||||||||||||||||
Outstanding | Price | ||||||||||||||||||||||||
Outstanding at December 31, 2012 | 0 | $ | 0 | ||||||||||||||||||||||
Granted | 182,500 | 7.16 | |||||||||||||||||||||||
Outstanding at December 31, 2013 | 182,500 | $ | 7.16 | ||||||||||||||||||||||
Exercisable at December 31, 2013 | 0 | $ | 0 | ||||||||||||||||||||||
Summary of Performance Share Activity | ' | ||||||||||||||||||||||||
The following summarizes the performance unit activity during the years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Unvested Performance Units | Shares | Weighted | Shares | Weighted | Shares | Weighted | |||||||||||||||||||
Average Fair | Average Fair | Average Fair | |||||||||||||||||||||||
Value | Value | Value | |||||||||||||||||||||||
Beginning of Year | 147,250 | $ | 7.04 | 132,906 | $ | 6.48 | 161,276 | $ | 7.79 | ||||||||||||||||
Units awarded | 0 | 0 | 169,650 | 7 | 139,691 | 6.45 | |||||||||||||||||||
Units vested | 0 | 0 | (4,836 | ) | 6.75 | (30,037 | ) | 9.67 | |||||||||||||||||
Performance share units converted to restricted stock awards | 0 | 0 | (139,150 | ) | 6.47 | (102,941 | ) | 6.21 | |||||||||||||||||
Units cancelled | (147,250 | ) | 7.04 | (11,320 | ) | 7.01 | (35,083 | ) | 10.42 | ||||||||||||||||
End of Year | 0 | $ | 0 | 147,250 | $ | 7.04 | 132,906 | $ | 6.48 | ||||||||||||||||
Summary of Purchase Plan Activity | ' | ||||||||||||||||||||||||
The following summarizes the Purchase Plan activity during the years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||||||||
Average Fair | Average Fair | Average Fair | |||||||||||||||||||||||
Value at Grant | Value at Grant | Value at Grant | |||||||||||||||||||||||
Date | Date | Date | |||||||||||||||||||||||
Outstanding, beginning of year | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | ||||||||||||||||
Granted | 112,965 | 2.24 | 104,073 | 1.89 | 106,721 | 1.99 | |||||||||||||||||||
Vested | (112,965 | ) | 2.24 | (104,073 | ) | 1.89 | (106,721 | ) | 1.99 | ||||||||||||||||
Outstanding, end of year | 0 | $ | 0 | 0 | $ | 0 | 0 | $ | 0 | ||||||||||||||||
Calculation of Fair Value of Each Employee Stock Purchase Grant Using Black-Scholes Option Pricing Model | ' | ||||||||||||||||||||||||
The Company calculated the fair value of each employee stock purchase grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions: | |||||||||||||||||||||||||
Employee Stock | |||||||||||||||||||||||||
Purchase Plan | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Dividend yield | 1.7 | % | 1.7 | % | 1.7 | % | |||||||||||||||||||
Risk-free interest rate | 0.3 | % | 0.2 | % | 0.2 | % | |||||||||||||||||||
Expected volatility | 51 | % | 52 | % | 52 | % | |||||||||||||||||||
Expected life (in years) | 0.5 | 0.5 | 0.5 | ||||||||||||||||||||||
Summary of the Reserved Shares of Common Stock for Future Issuance | ' | ||||||||||||||||||||||||
A summary of the reserved shares of common stock for future issuance are as follows: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
1997 Stock Plan | 3,283,103 | 3,445,254 | |||||||||||||||||||||||
2001 Stock Plan | 68,810 | 179,739 | |||||||||||||||||||||||
Employee Stock Purchase Plan | 121,373 | 234,339 | |||||||||||||||||||||||
Total shares reserved | 3,473,286 | 3,859,332 | |||||||||||||||||||||||
Restricted Stock [Member] | ' | ||||||||||||||||||||||||
Summary of Restricted Stock Activity | ' | ||||||||||||||||||||||||
The following table summarizes service-based restricted stock activity for the years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Weighted | Weighted | Weighted | |||||||||||||||||||||||
Average Fair | Average Fair | Average Fair | |||||||||||||||||||||||
Shares | Value | Shares | Value | Shares | Value | ||||||||||||||||||||
Unvested Restricted Stock Awards - beginning of year | 940,685 | $ | 6.24 | 1,122,296 | $ | 5.9 | 1,274,316 | $ | 5.93 | ||||||||||||||||
Shares awarded | 23,982 | 8.26 | 229,950 | 7.04 | 204,960 | 6.45 | |||||||||||||||||||
Performance share units converted to restricted stock awards | 0 | 0 | 139,150 | 6.47 | 102,941 | 6.21 | |||||||||||||||||||
Shares vested | (401,713 | ) | 5.87 | (474,705 | ) | 5.88 | (405,946 | ) | 6.37 | ||||||||||||||||
Shares cancelled | (19,933 | ) | 6.68 | (76,006 | ) | 6.25 | (53,975 | ) | 5.8 | ||||||||||||||||
Unvested Restricted Stock Awards - end of year | 543,021 | $ | 6.59 | 940,685 | $ | 6.24 | 1,122,296 | $ | 5.9 | ||||||||||||||||
Restricted Stock Units [Member] | ' | ||||||||||||||||||||||||
Summary of Restricted Stock Activity | ' | ||||||||||||||||||||||||
The following summarizes the service-based restricted stock unit activity during the year ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Unvested Restricted Stock Units | Shares | Weighted | Shares | Weighted | Shares | Weighted | |||||||||||||||||||
Average Fair | Average Fair | Average Fair | |||||||||||||||||||||||
Value | Value | Value | |||||||||||||||||||||||
Beginning of Year | 11,925 | $ | 6.61 | 10,150 | $ | 6.28 | 7,875 | $ | 6.13 | ||||||||||||||||
Units awarded | 0 | 0 | 5,000 | 7.04 | 4,400 | 6.47 | |||||||||||||||||||
Units vested | (4,475 | ) | 6.46 | (3,225 | ) | 6.24 | (2,125 | ) | 6.11 | ||||||||||||||||
Units cancelled | (1,125 | ) | 6.77 | 0 | 0 | 0 | 0 | ||||||||||||||||||
End of Year | 6,325 | $ | 6.7 | 11,925 | $ | 6.61 | 10,150 | $ | 6.28 | ||||||||||||||||
Stock_Repurchases_Tables
Stock Repurchases (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Text Block [Abstract] | ' | ||||||||
Summary of Share Repurchases | ' | ||||||||
The following table is a summary of the share repurchases by year for the fiscal years ended December 31, 2013, 2012 and 2011: | |||||||||
Fiscal Year | Shares | Amount | |||||||
2011 | 405,628 | $ | 2,559 | ||||||
2012 | 0 | $ | 0 | ||||||
2013 | 59,510 | $ | 435 |
Segment_Customer_and_Geographi1
Segment, Customer and Geographic Information (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Result of Operations by Segments | ' | ||||||||||||||||
The following tables are the segment operating profits and cash flow information for the year ended December 31, 2013 and December 31, 2012, respectively, and the segment balance sheet information as of December 31, 2013 and December 31, 2012: | |||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Connected | RF Solutions | Consolidating | Total | ||||||||||||||
Solutions | |||||||||||||||||
REVENUES | $ | 74,223 | $ | 30,310 | ($ | 280 | ) | $ | 104,253 | ||||||||
GROSS PROFIT | 22,720 | 19,018 | 22 | 41,760 | |||||||||||||
OPERATING INCOME (LOSS) | $ | 6,012 | $ | 7,248 | ($ | 12,964 | ) | $ | 296 | ||||||||
Depreciation | $ | 1,785 | $ | 570 | $ | 315 | $ | 2,670 | |||||||||
Intangible amortization | $ | 1,573 | $ | 827 | $ | 0 | $ | 2,400 | |||||||||
Capital expenditures | $ | 1,505 | $ | 1,251 | $ | 203 | $ | 2,959 | |||||||||
Year Ended December 31, 2012 | |||||||||||||||||
Connected | RF Solutions | Consolidating | Total | ||||||||||||||
Solutions | |||||||||||||||||
REVENUES | $ | 67,511 | $ | 21,469 | ($ | 131 | ) | $ | 88,849 | ||||||||
GROSS PROFIT | 21,037 | 14,744 | 39 | 35,820 | |||||||||||||
OPERATING INCOME (LOSS) | ($ | 6,062 | ) | $ | 4,246 | ($ | 9,045 | ) | ($ | 10,861 | ) | ||||||
Depreciation | $ | 1,630 | $ | 525 | $ | 277 | $ | 2,432 | |||||||||
Intangible amortization | $ | 1,478 | $ | 881 | $ | 0 | $ | 2,359 | |||||||||
Capital expenditures | $ | 2,091 | $ | 725 | $ | 565 | $ | 3,381 | |||||||||
Year Ended December 31, 2011 | |||||||||||||||||
Connected | RF Solutions | Consolidating | Total | ||||||||||||||
Solutions | |||||||||||||||||
REVENUES | $ | 52,400 | $ | 24,652 | ($ | 208 | ) | $ | 76,844 | ||||||||
GROSS PROFIT | 16,783 | 19,032 | 47 | 35,862 | |||||||||||||
OPERATING INCOME (LOSS) | $ | 2,791 | $ | 8,324 | ($ | 9,025 | ) | $ | 2,090 | ||||||||
Depreciation | $ | 1,516 | $ | 561 | $ | 409 | $ | 2,486 | |||||||||
Intangible amortization | $ | 1,496 | $ | 762 | $ | 0 | $ | 2,258 | |||||||||
Capital expenditures | $ | 3,236 | $ | 775 | $ | 851 | $ | 4,862 | |||||||||
Assets by Segment | ' | ||||||||||||||||
As of December 31, 2013 | |||||||||||||||||
Connected | RF Solutions | Consolidating | Total | ||||||||||||||
Solutions | |||||||||||||||||
Accounts receivable | $ | 11,934 | $ | 6,669 | $ | 0 | $ | 18,603 | |||||||||
Inventories | $ | 12,802 | $ | 1,733 | $ | 0 | $ | 14,535 | |||||||||
Long-lived assets: | |||||||||||||||||
Property and equipment, net | $ | 11,508 | $ | 2,427 | $ | 1,036 | $ | 14,971 | |||||||||
Goodwill | $ | 0 | $ | 161 | $ | 0 | $ | 161 | |||||||||
Intangible assets, net | $ | 2,832 | $ | 1,772 | $ | 0 | $ | 4,604 | |||||||||
Deferred tax assets, net | $ | 0 | $ | 0 | $ | 11,827 | $ | 11,827 | |||||||||
Other noncurrent assets | $ | 0 | $ | 0 | $ | 41 | $ | 41 | |||||||||
As of December 31, 2012 | |||||||||||||||||
Connected | RF Solutions | Consolidating | Total | ||||||||||||||
Solutions | |||||||||||||||||
Accounts receivable | $ | 11,885 | $ | 6,701 | $ | 0 | $ | 18,586 | |||||||||
Inventories | $ | 14,283 | $ | 3,290 | $ | 0 | $ | 17,573 | |||||||||
Long-lived assets: | |||||||||||||||||
Property and equipment, net | $ | 11,868 | $ | 1,746 | $ | 1,161 | $ | 14,775 | |||||||||
Goodwill | $ | 0 | $ | 161 | $ | 0 | $ | 161 | |||||||||
Intangible assets, net | $ | 4,404 | $ | 2,600 | $ | 0 | $ | 7,004 | |||||||||
Deferred tax assets, net | $ | 0 | $ | 0 | $ | 14,034 | $ | 14,034 | |||||||||
Other noncurrent assets | $ | 0 | $ | 0 | $ | 1,636 | $ | 1,636 | |||||||||
Customer Accounted Revenues | ' | ||||||||||||||||
The Company’s revenue to customers outside of the United States, as a percent of total revenues, is as follows: | |||||||||||||||||
Years Ended December 31, | |||||||||||||||||
Region | 2013 | 2012 | 2011 | ||||||||||||||
Europe, Middle East, & Africa | 13 | % | 13 | % | 20 | % | |||||||||||
Asia Pacific | 10 | % | 10 | % | 11 | % | |||||||||||
Other Americas | 6 | % | 7 | % | 8 | % | |||||||||||
Total Foreign sales | 29 | % | 30 | % | 39 | % | |||||||||||
Total Domestic sales | 71 | % | 70 | % | 61 | % | |||||||||||
100 | % | 100 | % | 100 | % | ||||||||||||
Long-lived Assets by Geographic Region | ' | ||||||||||||||||
The long-lived assets by geographic region as of December 31, 2013, 2012, and 2011 are as follows: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
United States | $ | 30,682 | $ | 36,732 | $ | 36,659 | |||||||||||
All Other | 922 | 880 | 751 | ||||||||||||||
$ | 31,604 | $ | 37,612 | $ | 37,410 | ||||||||||||
Quarterly_Data_Unaudited_Table
Quarterly Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information | ' | ||||||||||||||||
Quarters Ended, | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||||||
Revenues | $ | 25,073 | $ | 26,746 | $ | 26,471 | $ | 25,963 | |||||||||
Gross profit | 9,593 | 10,548 | 10,776 | 10,843 | |||||||||||||
Operating income (loss) from continuing operations | (1,310 | ) | 258 | 928 | 420 | ||||||||||||
Income from continuing operations before provision for income taxes | 3,022 | 315 | 1,317 | 1,020 | |||||||||||||
Net income from continuing operations | 1,951 | 187 | 751 | 453 | |||||||||||||
Net income (loss) from discontinued operations | (86 | ) | (22 | ) | 0 | 17 | |||||||||||
Net income (loss) | $ | 1,865 | $ | 165 | $ | 751 | $ | 470 | |||||||||
Earnings per Share from Continuing Operations: | |||||||||||||||||
Basic | $ | 0.11 | $ | 0.01 | $ | 0.04 | $ | 0.03 | |||||||||
Diluted | $ | 0.11 | $ | 0.01 | $ | 0.04 | $ | 0.02 | |||||||||
Earnings (Loss) per Share from Discontinued Operations: | |||||||||||||||||
Basic | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||
Diluted | ($ | 0.01 | ) | $ | 0 | $ | 0 | $ | 0 | ||||||||
Earnings per Share: | |||||||||||||||||
Basic | $ | 0.11 | $ | 0.01 | $ | 0.04 | $ | 0.03 | |||||||||
Diluted | $ | 0.1 | $ | 0.01 | $ | 0.04 | $ | 0.02 | |||||||||
Weighed Average Shares: | |||||||||||||||||
Basic | 17,684 | 17,790 | 17,841 | 17,916 | |||||||||||||
Diluted | 17,911 | 18,075 | 18,354 | 18,508 | |||||||||||||
Quarters Ended, | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||||||
Revenues | $ | 17,161 | $ | 19,993 | $ | 25,853 | $ | 25,842 | |||||||||
Gross profit | 7,178 | 8,670 | 10,040 | 9,932 | |||||||||||||
Operating income (loss) from continuing operations | (920 | ) | 684 | 1,160 | (11,785 | ) | |||||||||||
Income (loss) from continuing operations before provision for income taxes | (887 | ) | 723 | 1,172 | (11,769 | ) | |||||||||||
Net income (loss) from continuing operations | (555 | ) | 445 | 688 | (7,250 | ) | |||||||||||
Net loss from discontinued operations | (324 | ) | (774 | ) | (416 | ) | (1,073 | ) | |||||||||
Net income (loss) | ($ | 879 | ) | ($ | 329 | ) | $ | 272 | ($ | 8,323 | ) | ||||||
Earnings (loss) per Share from Continuing Operations: | |||||||||||||||||
Basic | ($ | 0.03 | ) | $ | 0.03 | $ | 0.04 | ($ | 0.41 | ) | |||||||
Diluted | ($ | 0.03 | ) | $ | 0.03 | $ | 0.04 | ($ | 0.41 | ) | |||||||
Loss per Share from Discontinued Operations: | |||||||||||||||||
Basic | ($ | 0.02 | ) | ($ | 0.05 | ) | ($ | 0.02 | ) | ($ | 0.07 | ) | |||||
Diluted | ($ | 0.02 | ) | ($ | 0.05 | ) | ($ | 0.02 | ) | ($ | 0.07 | ) | |||||
Earnings (Loss) per Share: | |||||||||||||||||
Basic | ($ | 0.05 | ) | ($ | 0.02 | ) | $ | 0.02 | ($ | 0.48 | ) | ||||||
Diluted | ($ | 0.05 | ) | ($ | 0.02 | ) | $ | 0.02 | ($ | 0.48 | ) | ||||||
Weighed Average Shares: | |||||||||||||||||
Basic | 17,264 | 17,404 | 17,493 | 17,501 | |||||||||||||
Diluted | 17,264 | 17,404 | 17,779 | 17,501 |
Organization_and_Summary_of_Si3
Organization and Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||
Jan. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jul. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Oct. 31, 2012 | Oct. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Segment | Segment | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Computer equipment [Member] | Equipment [Member] | Furniture and fixtures [Member] | Building [Member] | Money market funds and other cash equivalents [Member] | Money market funds and other cash equivalents [Member] | Corporate debt securities [Member] | Corporate debt securities [Member] | U.S. government agency bonds [Member] | U.S. government agency bonds [Member] | Certificates of deposit [Member] | Certificates of deposit [Member] | Maximum [Member] | Minimum [Member] | Pctel Secure [Member] | Pctel Secure [Member] | |||
Maximum [Member] | ||||||||||||||||||||||||||
Nature Of Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of operating segments | 2 | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty receivable as percentage of net sale price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.00% | ' |
Maximum royalty rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10,000,000 | $10,000,000 |
Net foreign exchange losses resulting from foreign currency transactions included in other income | ' | 26,000 | 31,000 | 33,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents maturities | ' | '90 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment of cash equivalents are redeemable upon demand using amortized cost method | ' | $1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment in money market funds restricted by investment in short term securities, percentage | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal Deposit Insurance Corporation Insured amount | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash | ' | 19,734,000 | 13,043,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash equivalents | ' | 2,056,000 | 4,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents in foreign bank | ' | 1,000,000 | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Short-term investments | ' | 36,105,000 | 33,596,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,200,000 | 10,100,000 | 7,300,000 | 9,900,000 | 6,300,000 | 8,500,000 | 5,300,000 | 5,100,000 | ' | ' | ' | ' |
Short-term investments, maturities | ' | '90 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net unrealized gains | ' | 15,000 | 6,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of investment in bond protected by bond default insurance | ' | 5.00% | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Standard term of accounts receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '60 days | '30 days | ' | ' |
Allowance for doubtful accounts | ' | 100,000 | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consigned inventory with customers | ' | 1,100,000 | 1,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for inventory losses | ' | 1,900,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Useful lives of the assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 years | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ' |
Period over which assets are deprecated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '5 years | '7 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | 2,700,000 | 2,400,000 | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advertising expense | ' | 166,000 | 150,000 | 178,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Most likely than not benefit likelihood percentage being realized upon ultimate settlement with taxing authority resulting from sustainability of tax examination | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill acquired | ' | ' | 12,550,000 | ' | 12,500,000 | ' | ' | ' | 200,000 | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill impairment (TelWorx) | ' | ' | $12,550,000 | ' | $16,100,000 | $12,500,000 | $12,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of reduction in revenue due to impairment of goodwill | ' | ' | 17.00% | ' | ' | ' | ' | 17.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Organization_and_Summary_of_Si4
Organization and Summary of Significant Accounting Policies - Cash and Investments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Cash And Cash Equivalents [Abstract] | ' | ' |
Cash | $19,734 | $13,043 |
Cash equivalents | 2,056 | 4,500 |
Short-term investments | 36,105 | 33,596 |
Cash and investments | $57,895 | $51,139 |
Organization_and_Summary_of_Si5
Organization and Summary of Significant Accounting Policies - Cash Equivalents and Level 1 Investments Measured at Fair Value (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash equivalents | $2,056 | $4,500 |
Total | 38,176 | 38,102 |
Certificates of deposit [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 5,360 | 5,062 |
U.S. government agency bonds [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 6,291 | 8,498 |
Municipal bonds [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 17,200 | 10,162 |
Corporate debt securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 7,269 | 9,880 |
Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash equivalents | 2,056 | 4,500 |
Total | 7,416 | 9,562 |
Level 1 [Member] | Certificates of deposit [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 5,360 | 5,062 |
Level 1 [Member] | U.S. government agency bonds [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 0 | 0 |
Level 1 [Member] | Municipal bonds [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 0 | 0 |
Level 1 [Member] | Corporate debt securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 0 | 0 |
Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash equivalents | 0 | 0 |
Total | 30,760 | 28,540 |
Level 2 [Member] | Certificates of deposit [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 0 | 0 |
Level 2 [Member] | U.S. government agency bonds [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 6,291 | 8,498 |
Level 2 [Member] | Municipal bonds [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 17,200 | 10,162 |
Level 2 [Member] | Corporate debt securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 7,269 | 9,880 |
Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash equivalents | 0 | 0 |
Total | 0 | 0 |
Level 3 [Member] | Certificates of deposit [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 0 | 0 |
Level 3 [Member] | U.S. government agency bonds [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 0 | 0 |
Level 3 [Member] | Municipal bonds [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | 0 | 0 |
Level 3 [Member] | Corporate debt securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investments | $0 | $0 |
Organization_and_Summary_of_Si6
Organization and Summary of Significant Accounting Policies - Summary of Inventories (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventory Net [Abstract] | ' | ' |
Raw materials | $9,241 | $12,226 |
Work in process | 716 | 789 |
Finished goods | 4,578 | 4,558 |
Inventories, net | $14,535 | $17,573 |
Organization_and_Summary_of_Si7
Organization and Summary of Significant Accounting Policies - Summary of Property and Equipment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | $28,598 | $27,595 |
Less: Accumulated depreciation and amortization | -15,397 | -14,590 |
Land | 1,770 | 1,770 |
Property and equipment, net | 14,971 | 14,775 |
Building [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 6,207 | 6,207 |
Computers and office equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 9,818 | 9,968 |
Manufacturing and test equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 10,415 | 9,495 |
Furniture and fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 1,204 | 1,256 |
Leasehold improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | 837 | 519 |
Motor vehicles [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total property and equipment | $117 | $150 |
Organization_and_Summary_of_Si8
Organization and Summary of Significant Accounting Policies - Summary of Accrued Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Payables And Accruals [Abstract] | ' | ' |
Payroll, bonuses, and other employee benefits | $3,267 | $859 |
Inventory receipts | 1,489 | 2,191 |
Paid time off | 1,154 | 1,067 |
Warranties | 305 | 270 |
Employee stock purchase plan | 292 | 276 |
Professional fees | 309 | 269 |
Contractors and temporary labor | 232 | 6 |
Deferred rent and revenues | 199 | 127 |
Real estate taxes | 160 | 170 |
Income and sales taxes | 159 | 377 |
Other | 237 | 287 |
Total | $7,803 | $5,899 |
Organization_and_Summary_of_Si9
Organization and Summary of Significant Accounting Policies - Summary of Long-term Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Liabilities Noncurrent [Abstract] | ' | ' |
Executive deferred compensation plan | $1,908 | $1,652 |
Reserve for uncertain tax positions | 865 | 842 |
Deferred rent | 278 | 166 |
Deferred revenues | 86 | 74 |
Long-term obligations under capital leases | 0 | 2 |
Other long-term liabilities | $3,137 | $2,736 |
Recovered_Sheet1
Organization and Summary of Significant Accounting Policies - Summary of Other Intangible Assets (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2012 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | ($12,550) |
Fair Value, Measurements, Nonrecurring [Member] | RF Solutions [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | 0 |
Fair Value, Measurements, Recurring [Member] | Connected Solutions [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | -12,550 |
Level 1 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | 0 |
Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | RF Solutions [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | 0 |
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Connected Solutions [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | 0 |
Level 2 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | 0 |
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | RF Solutions [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | 0 |
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Connected Solutions [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | 0 |
Level 3 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | 161 |
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | RF Solutions [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | 161 |
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Connected Solutions [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Intangible assets | $0 |
Earnings_Per_Share_Computation
Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) from continuing operations | $453 | $751 | $187 | $1,951 | ($7,250) | $688 | $445 | ($555) | $3,342 | ($6,672) | $1,681 |
Net loss from discontinued operations | 17 | 0 | -22 | -86 | -1,073 | -416 | -774 | -324 | -91 | -2,587 | -1,497 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | $3,251 | ($9,259) | $184 |
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common shares outstanding | 17,916 | 17,841 | 17,790 | 17,684 | 17,501 | 17,493 | 17,404 | 17,264 | 17,797 | 17,402 | 17,186 |
Earnings per common share - basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) from continuing operations | $0.03 | $0.04 | $0.01 | $0.11 | ($0.41) | $0.04 | $0.03 | ($0.03) | $0.19 | ($0.38) | $0.10 |
Net loss from discontinued operations | $0 | $0 | $0 | $0 | ($0.07) | ($0.02) | ($0.05) | ($0.02) | ($0.01) | ($0.15) | ($0.09) |
Net income (loss) | $0.03 | $0.04 | $0.01 | $0.11 | ($0.48) | $0.02 | ($0.02) | ($0.05) | $0.18 | ($0.53) | $0.01 |
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common shares outstanding | 17,916 | 17,841 | 17,790 | 17,684 | 17,501 | 17,493 | 17,404 | 17,264 | 17,797 | 17,402 | 17,186 |
Restricted shares subject to vesting | ' | ' | ' | ' | ' | ' | ' | ' | 232 | ' | 442 |
Performance shares subject to vesting | ' | ' | ' | ' | ' | ' | ' | ' | 97 | ' | 109 |
Common stock option grants | ' | ' | ' | ' | ' | ' | ' | ' | 58 | ' | 2 |
Total shares | 18,508 | 18,354 | 18,075 | 17,911 | 17,501 | 17,779 | 17,404 | 17,264 | 18,184 | 17,402 | 17,739 |
Earnings per common share - diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) from continuing operations | $0.02 | $0.04 | $0.01 | $0.11 | ($0.41) | $0.04 | $0.03 | ($0.03) | $0.18 | ($0.38) | $0.09 |
Net loss from discontinued operations | $0 | $0 | $0 | ($0.01) | ($0.07) | ($0.02) | ($0.05) | ($0.02) | $0 | ($0.15) | ($0.08) |
Net income (loss) | $0.02 | $0.04 | $0.01 | $0.10 | ($0.48) | $0.02 | ($0.02) | ($0.05) | $0.18 | ($0.53) | $0.01 |
Earnings_Per_Share_Computation1
Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) | 12 Months Ended |
Dec. 31, 2012 | |
Earnings Per Share [Abstract] | ' |
Antidilutive shares excluded | 439,000 |
Recovered_Sheet2
PCTEL Secure - Discontinued Operations - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 02, 2012 | 29-May-12 | Jan. 05, 2011 |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' |
Contribution of cash in return of ownership of the joint venture | ' | ' | ' | $0.80 | $0.90 | $2.50 |
Ownership percentage in the joint venture | ' | ' | ' | 30.00% | 19.00% | 51.00% |
Weighted average amortization period of the intangible assets acquired | ' | '2 years 4 months 24 days | ' | ' | ' | ' |
Ownership, prior transition | ' | 51.00% | ' | ' | ' | ' |
Ownership, after transition | ' | 100.00% | ' | ' | ' | ' |
Percentage of membership interests company did not owned | ' | 100.00% | ' | ' | ' | ' |
Intangible asset impairment expense | 13.6 | ' | 1.1 | ' | ' | ' |
Pctel Secure [Member] | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' |
Royalty receivable as percentage of net sale price | ' | 7.00% | ' | ' | ' | ' |
Maximum royalty rate | ' | 10 | ' | ' | ' | ' |
Eclipse [Member] | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' |
Ownership percentage in the joint venture | ' | ' | ' | ' | ' | 49.00% |
Contribution of intangible asset in return for ownership of the joint venture | ' | ' | ' | ' | ' | $2.40 |
Recovered_Sheet3
PCTEL Secure - Discontinued Operations - Summary of Operations for Discontinued Operations Included in Condensed Consolidated Statement of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Business Combinations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating loss | ' | ' | ' | ' | ' | ' | ' | ' | ($191) | ($3,828) | ($2,343) |
Other income, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 41 | 163 |
Net loss attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 687 | 1,158 |
Adjustments to redemption value of noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -647 | -863 |
Loss from discontinued operations, before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -191 | -3,747 | -1,885 |
Benefit for income tax | ' | ' | ' | ' | ' | ' | ' | ' | -100 | -1,160 | -388 |
Loss from discontinued operations, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ($91) | ($2,587) | ($1,497) |
Income (loss) from discontinued operations per common share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | $0 | $0 | $0 | $0 | ($0.07) | ($0.02) | ($0.05) | ($0.02) | ($0.01) | ($0.15) | ($0.09) |
Diluted | $0 | $0 | $0 | ($0.01) | ($0.07) | ($0.02) | ($0.05) | ($0.02) | $0 | ($0.15) | ($0.08) |
Weighted average shares: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | 17,916 | 17,841 | 17,790 | 17,684 | 17,501 | 17,493 | 17,404 | 17,264 | 17,797 | 17,402 | 17,186 |
Diluted | 18,508 | 18,354 | 18,075 | 17,911 | 17,501 | 17,779 | 17,404 | 17,264 | 18,184 | 17,402 | 17,739 |
PCTEL_Secure_Discontinued_Oper2
PCTEL Secure - Discontinued Operations - Assets and Liabilities Classified as Discontinued Operations Held for Sale on Condensed Consolidated Balances Sheets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Business Combinations [Abstract] | ' | ' |
Cash and cash equivalents | $0 | $16 |
Fixed assets | 0 | 2 |
Total assets | 0 | 18 |
Accounts payable | 0 | 86 |
Accrued liabilities | 0 | 17 |
Total liabilities | $0 | $103 |
Acquisitions_Additional_Inform
Acquisitions - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jul. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2013 | Oct. 31, 2012 | |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Legal settlement date | ' | ' | ' | ' | 27-Mar-13 | ' | ' | ' |
Settlement agreement fair value | ' | ' | ' | ' | ' | ' | $5,400,000 | ' |
Settlement agreement remaining consideration | ' | ' | ' | ' | ' | ' | 4,300,000 | ' |
Asset purchase agreement contingent consideration | ' | ' | ' | ' | ' | ' | 600,000 | ' |
Asset purchase agreement escrow deposit | ' | ' | ' | ' | ' | ' | 500,000 | ' |
Goodwill impairment | ' | ' | ' | ' | ' | 12,550,000 | ' | ' |
Percentage of reduction in project revenue due to impairment of goodwill | ' | 17.00% | ' | ' | ' | 17.00% | ' | ' |
Reduction in total combined earnings | ' | ' | 200,000 | 400,000 | ' | ' | ' | ' |
Forensic audit dollar coverage percentage of operation's revenue | ' | ' | ' | ' | 50.00% | ' | ' | ' |
TelWorx Communications LLC [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price acquisition, fair value | ' | ' | ' | ' | 16,100,000 | ' | ' | ' |
Cash paid | ' | ' | ' | ' | 16,000,000 | ' | ' | ' |
Contingent consideration related to claims escrow | ' | ' | ' | ' | 1,100,000 | ' | ' | ' |
Potential earn-out at fair value | ' | ' | ' | ' | ' | ' | 1,000,000 | ' |
Goodwill impairment | 16,100,000 | 12,500,000 | ' | ' | ' | 12,500,000 | ' | ' |
Business acquisition estimated annual sales of acquired entity | ' | 18,500,000 | ' | ' | ' | 18,500,000 | ' | ' |
Business acquisition estimated gross profit of acquired entity | ' | 3,200,000 | ' | ' | ' | 3,200,000 | ' | ' |
Business acquisition estimated revenue gross profit percentage | ' | 18.00% | ' | ' | ' | 18.00% | ' | ' |
Business acquisition estimated sales funnel conversion to actual sales percentage | ' | ' | ' | ' | ' | ' | ' | 50.00% |
Business acquisition estimated first quarter sales funnel of acquired entity | ' | ' | ' | ' | ' | ' | ' | 7,500,000 |
Percentage of reduction in project revenue due to impairment of goodwill | ' | ' | ' | ' | ' | ' | ' | 17.00% |
Reduction in total combined earnings | ' | ' | 100,000 | 500,000 | ' | ' | ' | ' |
TelWorx Communications LLC [Member] | Goodwill [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | ' | 12,500,000 | ' | ' | ' | 12,500,000 | ' | ' |
TelWorx Communications LLC [Member] | Backlog [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition estimated first quarter sales of acquired entity | ' | ' | ' | ' | ' | ' | ' | 1,000,000 |
TelWorx Communications LLC [Member] | Backlog And Funnel [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition estimated revenue gross profit percentage | ' | ' | ' | ' | ' | ' | ' | 16.00% |
TelWorx Communications LLC [Member] | After Devaluation [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition estimated annual sales of acquired entity | ' | ' | ' | ' | ' | ' | ' | 15,000,000 |
Business acquisition estimated revenue gross profit percentage | ' | ' | ' | ' | ' | ' | ' | 16.00% |
TelWorx Communications LLC [Member] | Estimated Fair Value [Member] | Goodwill [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | ' | 9,500,000 | ' | ' | ' | 9,500,000 | ' | ' |
TelWorx Communications LLC [Member] | Provisional Adjustments [Member] | Goodwill [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | ' | 3,100,000 | ' | ' | ' | 3,100,000 | ' | ' |
TelWorx Communications LLC [Member] | Lexington, North Carolina [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Period for continued use of operating facility | ' | ' | ' | ' | '5 years | ' | ' | ' |
Lease effective date | ' | ' | ' | ' | 1-Aug-13 | ' | ' | ' |
TelWorx Communications LLC [Member] | Pryor, Oklahoma [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Period for continued use of operating facility | ' | ' | ' | ' | '2 years | ' | ' | ' |
Envision Wireless LLC [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid | ' | ' | ' | ' | ' | 1,500,000 | ' | ' |
Revenues of acquired company | ' | ' | ' | ' | $2,400,000 | ' | ' | ' |
Company entered into a lease facility used for sales activities | ' | ' | ' | ' | ' | 1,624,000,000 | ' | ' |
Initial term of lease | ' | ' | ' | ' | ' | '1 year | ' | ' |
Lease expiration extended date | ' | ' | ' | ' | ' | '2018-11 | ' | ' |
Weighted average book amortization period of the intangible assets | ' | ' | ' | ' | '5 years | ' | ' | ' |
Acquisitions_Allocation_of_Pur
Acquisitions - Allocation of Purchase Price for Assets from Date of Acquisition (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] | Provisional Adjustments [Member] |
Accounts Receivable [Member] | Assets [Member] | Tangible Assets [Member] | Customer relationships [Member] | Trade names [Member] | Order or Production Backlog [Member] | Non-compete [Member] | Goodwill [Member] | Intangible Assets [Member] | Accrued Liabilities [Member] | Inventories [Member] | Prepaid Expenses and Other Current Assets [Member] | Technology-Based Intangible Assets [Member] | Assets Held under Capital Leases [Member] | Accounts Payable [Member] | Accounts Receivable [Member] | Assets [Member] | Tangible Assets [Member] | Customer relationships [Member] | Trade names [Member] | Order or Production Backlog [Member] | Non-compete [Member] | Goodwill [Member] | Intangible Assets [Member] | Accrued Liabilities [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | |||
Accounts Receivable [Member] | Assets [Member] | Tangible Assets [Member] | Customer relationships [Member] | Trade names [Member] | Order or Production Backlog [Member] | Non-compete [Member] | Goodwill [Member] | Intangible Assets [Member] | Accrued Liabilities [Member] | Inventories [Member] | Prepaid Expenses and Other Current Assets [Member] | Technology-Based Intangible Assets [Member] | Assets Held under Capital Leases [Member] | Accounts Payable [Member] | Accounts Receivable [Member] | Assets [Member] | Tangible Assets [Member] | Customer relationships [Member] | Trade names [Member] | Order or Production Backlog [Member] | Non-compete [Member] | Goodwill [Member] | Intangible Assets [Member] | Accrued Liabilities [Member] | Inventories [Member] | Prepaid Expenses and Other Current Assets [Member] | Technology-Based Intangible Assets [Member] | Assets Held under Capital Leases [Member] | Accounts Payable [Member] | ||||||||||||||||||||||||||||||
Tangible assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price allocation, Assets | $17,448 | $1,370 | $248 | $3,005 | $117 | $1,259 | $33 | $14 | $12,550 | $14,443 | ' | $1,378 | $9 | $470 | ' | ' | $1,453 | $300 | $129 | $429 | $500 | $126 | $20 | $217 | $161 | $1,024 | ' | $18,402 | $1,575 | $248 | $3,675 | $2,898 | $1,527 | $91 | $262 | $9,491 | $14,727 | ' | $1,843 | $9 | $458 | ' | ' | ($954) | ($205) | $0 | ($670) | ($2,781) | ($268) | ($58) | ($248) | $3,059 | ($284) | ' | ($465) | $0 | $12 | ' | ' |
Intangible assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price allocation, Assets | 17,448 | 1,370 | 248 | 3,005 | 117 | 1,259 | 33 | 14 | 12,550 | 14,443 | ' | 1,378 | 9 | 470 | ' | ' | 1,453 | 300 | 129 | 429 | 500 | 126 | 20 | 217 | 161 | 1,024 | ' | 18,402 | 1,575 | 248 | 3,675 | 2,898 | 1,527 | 91 | 262 | 9,491 | 14,727 | ' | 1,843 | 9 | 458 | ' | ' | -954 | -205 | 0 | -670 | -2,781 | -268 | -58 | -248 | 3,059 | -284 | ' | -465 | 0 | 12 | ' | ' |
Purchase price allocation, Assets | 17,448 | 1,370 | 248 | 3,005 | 117 | 1,259 | 33 | 14 | 12,550 | 14,443 | ' | 1,378 | 9 | 470 | ' | ' | 1,453 | 300 | 129 | 429 | 500 | 126 | 20 | 217 | 161 | 1,024 | ' | 18,402 | 1,575 | 248 | 3,675 | 2,898 | 1,527 | 91 | 262 | 9,491 | 14,727 | ' | 1,843 | 9 | 458 | ' | ' | -954 | -205 | 0 | -670 | -2,781 | -268 | -58 | -248 | 3,059 | -284 | ' | -465 | 0 | 12 | ' | ' |
Purchase price allocation, Liabilities | 1,368 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 118 | ' | ' | ' | 37 | 1,213 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 1,255 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85 | ' | ' | ' | 57 | 1,113 | 113 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33 | ' | ' | ' | -20 | 100 |
Purchase price allocation Assets and Liabilities Assumed, Net | $16,080 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,450 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $17,147 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($1,067) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisitions_Pro_Forma_Financi
Acquisitions - Pro Forma Financial Information for TelWorx (Detail) (TelWorx Communications LLC [Member], Pro Forma [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
TelWorx Communications LLC [Member] | Pro Forma [Member] | ' | ' |
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ' | ' |
REVENUES | $96,171 | $95,467 |
LOSS BEFORE INCOME TAXES | ($14,919) | $809 |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets - Additional Information (Detail) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Oct. 31, 2011 | Dec. 31, 2011 | Jul. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | |
Minimum [Member] | Maximum [Member] | Envision Wireless LLC [Member] | Envision Wireless LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | ||||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill acquired | ' | $12,550,000 | ' | ' | ' | $200,000 | $200,000 | $12,500,000 | ' | ' |
Goodwill impairment | ' | 12,550,000 | ' | ' | ' | ' | ' | 16,100,000 | 12,500,000 | 12,500,000 |
Amortization of intangible assets | 2,400,000 | 2,359,000 | 2,258,000 | ' | ' | ' | ' | ' | ' | ' |
Amortization of intangible assets basis over estimated useful lives | ' | ' | ' | '1 year | '8 years | ' | ' | ' | ' | ' |
Increase (decrease) in cost of intangible assets | ($2,400,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets - Schedule of Goodwill (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ' |
Beginning balance | $161 | $161 |
Goodwill activity | 0 | ' |
Goodwill acquired - TelWorx | ' | 12,550 |
Goodwill impairment - TelWorx | ' | -12,550 |
Ending balance | $161 | $161 |
Goodwill_and_Other_Intangible_4
Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | $30,148 | $30,148 |
Accumulated Amortization | 25,544 | 23,144 |
Net Book Value | 4,604 | 7,004 |
Customer contracts and relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 17,381 | 17,381 |
Accumulated Amortization | 14,386 | 12,463 |
Net Book Value | 2,995 | 4,918 |
Patents and technology [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 6,781 | 6,781 |
Accumulated Amortization | 6,419 | 6,281 |
Net Book Value | 362 | 500 |
Trade names [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 3,988 | 3,988 |
Accumulated Amortization | 2,864 | 2,575 |
Net Book Value | 1,124 | 1,413 |
Other [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 1,998 | 1,998 |
Accumulated Amortization | 1,875 | 1,825 |
Net Book Value | $123 | $173 |
Goodwill_and_Other_Intangible_5
Goodwill and Other Intangible Assets - Summary of Assigned Lives and Weighted Average Amortization Periods by Intangible Asset Category (Detail) | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | |||||||||
Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
Customer contracts and relationships [Member] | Patents and technology [Member] | Trade names [Member] | Other [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | |
Customer contracts and relationships [Member] | Patents and technology [Member] | Trade names [Member] | Other [Member] | Customer contracts and relationships [Member] | Patents and technology [Member] | Trade names [Member] | Other [Member] | |||||||
Summary of assigned lives and weighted average amortization periods by intangible asset category | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assigned Life | ' | ' | ' | ' | '1 year | '4 years | '1 year | '3 years | '1 year | '8 years | '6 years | '6 years | '8 years | '6 years |
Weighted Average Amortization Period | '5 years 1 month 6 days | '5 years 2 months 12 days | '7 years 4 months 24 days | '5 years 7 months 6 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill_and_Other_Intangible_6
Goodwill and Other Intangible Assets - Schedule of Expected Amortization Expense (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Finite Lived Intangible Assets Future Amortization Expense [Abstract] | ' |
2014 | $1,967 |
2015 | 1,737 |
2016 | 468 |
2017 | 288 |
Thereafter | $144 |
Restructuring_Additional_Infor
Restructuring - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Restructuring expense | $256,000 | $157,000 | $117,000 |
Restructuring liability | 0 | 1,000 | 0 |
2013 Restructuring [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Restructuring expense | 300,000 | ' | ' |
2012 Restructuring [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Restructuring expense | ' | 200,000 | ' |
Number of positions eliminated | ' | 12 | ' |
Payment on Severance and payroll benefits | ' | 200,000 | ' |
2011 Restructuring Plans Engineering department reorganization [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Number of positions eliminated | ' | ' | 6 |
Payment on Severance and payroll benefits | ' | ' | $100,000 |
Restructuring_Summary_of_Restr
Restructuring - Summary of Restructuring Charges (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Beginning balance | $1 | $0 | ' |
Restructuring charges | 256 | 157 | 117 |
Payments/Charges | -257 | -156 | ' |
Ending balance | 0 | 1 | 0 |
Severance [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Beginning balance | 1 | 0 | ' |
Restructuring charges | 190 | 157 | ' |
Payments/Charges | -191 | -156 | ' |
Ending balance | 0 | 1 | ' |
Asset Disposals [Member] | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Beginning balance | 0 | 0 | ' |
Restructuring charges | 66 | 0 | ' |
Payments/Charges | -66 | 0 | ' |
Ending balance | $0 | $0 | ' |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Line Items] | ' | ' | ' |
Income tax expense | $2,332,000 | ($4,089,000) | $604,000 |
Statutory rate | 34.00% | 34.00% | 34.00% |
Deferred tax assets, write off | ' | 43,000 | ' |
Tax gain on sale of segment, Fair market value adjustment of intangible assets | 700,000 | ' | ' |
Deferred tax assets, domestic | 13,300,000 | 15,400,000 | ' |
Deferred tax assets, foreign | 200,000 | 100,000 | ' |
Deferred Tax Assets, Valuation allowances | 640,000 | 662,000 | ' |
Acquired intangible asset amortization period for tax purpose | '15 years | ' | ' |
Deferred tax assets, cumulative tax loss | -2,800,000 | ' | ' |
Deferred tax assets, goodwill and intangible assets impairment | -11,100,000 | ' | ' |
Deferred tax assets, cumulative loss, number of years | '3 years | ' | ' |
Domestic deferred tax assets ratable reversal pattern period | '15 years | ' | ' |
Operating loss carry forward, Expiration period | 'The carry forward rules allow for up to a 20 year carry forward of net operating losses | ' | ' |
Net operating loss carry forward period | '20 years | ' | ' |
Average period required to utilize future income | '26 years | ' | ' |
Required future income, Deferred tax assets | 13,456,000 | 15,518,000 | ' |
Future income required to realize net deferred tax assets | 35,900,000 | ' | ' |
Average amount required to utilize future income | 1,400,000 | ' | ' |
Recovery period required to realize deferred tax asset | '26 years | ' | ' |
Potential benefits that would affect the effective rate | 1,500,000 | ' | ' |
Unrecognized tax benefits expected to settled twelve months | 800,000 | ' | ' |
Period decrease in unrecognized tax benefits related to research credits | '12 months | ' | ' |
Unrecognized tax benefits, interest on income taxes expense | 22,000 | 16,000 | 1,000 |
Unrecognized tax benefits, interest payable | 86,000 | 63,000 | ' |
Deferred tax assets, investment in subsidiaries | 700,000 | ' | ' |
Stock-Based Compensation [Member] | ' | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' | ' |
Operating Loss Carry forwards | 1,500,000 | ' | ' |
Research Tax Credit Carryforward [Member] | ' | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' | ' |
State research credits with no expiration | 1,500,000 | ' | ' |
Domestic Tax Authority [Member] | ' | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' | ' |
Operating loss carry forwards expiration year | '2032 | ' | ' |
Operating loss carry forwards expiration year | '2033 | ' | ' |
Operating Loss Carry forwards | 4,300,000 | ' | ' |
State and Local Jurisdiction [Member] | ' | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' | ' |
Operating loss carry forwards expiration year | '2024 | ' | ' |
Operating loss carry forwards expiration year | '2033 | ' | ' |
Operating Loss Carry forwards | $5,900,000 | ' | ' |
Income_Taxes_Reconciliation_of
Income Taxes - Reconciliation of the Benefit for Income Taxes (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation [Abstract] | ' | ' | ' |
Statutory federal income tax rate | 34.00% | 34.00% | 34.00% |
State income tax, net of federal benefit | 5.00% | 5.00% | 5.00% |
Effect on noncontrolling interest | 4.00% | 0.00% | -3.00% |
Release of valuation allowance | 0.00% | 0.00% | -3.00% |
Foreign income taxed at different rates | 0.00% | 0.00% | -2.00% |
Research and development credits | -4.00% | 0.00% | -4.00% |
Return to provision adjustments | 1.00% | 0.00% | -2.00% |
Tax effect of permanent differences | 1.00% | -1.00% | 1.00% |
Total | 41.00% | 38.00% | 26.00% |
Income_Taxes_Components_of_the
Income Taxes - Components of the Loss Before Provision (Benefit) for Income Taxes (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Domestic | ' | ' | ' | ' | ' | ' | ' | ' | $5,413 | ($11,128) | $2,005 |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | 261 | 367 | 280 |
INCOME (LOSS) BEFORE INCOME TAXES | $1,020 | $1,317 | $315 | $3,022 | ($11,769) | $1,172 | $723 | ($887) | $5,674 | ($10,761) | $2,285 |
Income_Taxes_Summary_of_Benefi
Income Taxes - Summary of Benefit for Income Taxes (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current: | ' | ' | ' |
Federal | $23 | $17 | ($45) |
State | 56 | 16 | -8 |
Foreign | 88 | 142 | 47 |
Gross | 167 | 175 | -6 |
Deferred: | ' | ' | ' |
Federal | 1,696 | -3,630 | 614 |
State | 481 | -591 | 85 |
Foreign | -12 | -43 | -89 |
Gross | 2,165 | -4,264 | 610 |
Total | $2,332 | ($4,089) | $604 |
Income_Taxes_Summary_of_Net_De
Income Taxes - Summary of Net Deferred Tax Accounts (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred Tax Assets: | ' | ' |
Amortization | $9,213 | $11,580 |
Stock compensation | 1,685 | 1,713 |
Federal, foreign, and state credits | 977 | 799 |
Inventory reserves | 1,018 | 966 |
Deferred compensation | 706 | 611 |
Accrued vacation | 417 | 375 |
Net operating loss carryforwards | 1,230 | 1,148 |
Other | 311 | 251 |
Gross deferred tax assets | 15,557 | 17,443 |
Valuation allowance | -640 | -662 |
Net deferred tax asset | 14,917 | 16,781 |
Deferred Tax liabilities: | ' | ' |
Depreciation | -1,461 | -1,263 |
Net Deferred Tax Assets | $13,456 | $15,518 |
Income_Taxes_Classification_of
Income Taxes - Classification of Deferred Tax Amounts on the Balance Sheet (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current: | ' | ' |
Deferred tax assets | $1,629 | $1,484 |
Deferred tax liabilities | 0 | 0 |
Current deferred tax assets | 1,629 | 1,484 |
Non-current: | ' | ' |
Deferred tax assets | 13,288 | 15,297 |
Deferred tax liabilities | -1,461 | -1,263 |
Non-current deferred tax assets, net | 11,827 | 14,034 |
Net Deferred Tax Assets | $13,456 | $15,518 |
Income_Taxes_Reconciliation_of1
Income Taxes - Reconciliation of Unrecognized Tax Benefits (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Reconciliation Of Unrecognized Tax Benefits Excluding Amounts Pertaining To Examined Tax Returns [Roll Forward] | ' | ' |
Beginning of period | $1,480 | $1,323 |
Addition related to tax positions in current year | 59 | 157 |
End of period | $1,539 | $1,480 |
Commitments_and_Contingencies_1
Commitments and Contingencies - Future Minimum Rental Payments (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Operating Leases Future Minimum Payments Due [Abstract] | ' |
2014 | $868 |
2015 | 817 |
2016 | 700 |
2017 | 586 |
Thereafter | 1,182 |
Future minimum lease payments | $4,153 |
Commitments_and_Contingencies_2
Commitments and Contingencies - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jul. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | |
Antenna [Member] | Scanning [Member] | Scanning [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | TelWorx Communications LLC [Member] | |||||
Minimum [Member] | Maximum [Member] | |||||||||
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rent expense under leases | $1,000,000 | $900,000 | $700,000 | ' | ' | ' | ' | ' | ' | ' |
Allowance for sales returns | 200,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Repair and replacement warranty | ' | ' | ' | ' | '2 years | '1 year | '3 years | ' | ' | ' |
Warranty reserve | 300,000 | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Lease expiration period | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rental payments | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash payments | 4,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Working capital adjustment provisions | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Potential contingent consideration earnable under the Original Agreement | 1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value in the form common stock | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parties agreed to the elimination of the holdback | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notice period for termination of leaves under option | '180 days | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Settlement agreement fair value | ' | ' | ' | 5,400,000 | ' | ' | ' | ' | ' | ' |
Settlement agreement remaining consideration | ' | ' | ' | 4,300,000 | ' | ' | ' | ' | ' | ' |
Cash agreed to be paid to company under agreement | ' | ' | ' | 3,200,000 | ' | ' | ' | ' | ' | ' |
Asset purchase agreement contingent consideration | ' | ' | ' | 600,000 | ' | ' | ' | ' | ' | ' |
Asset purchase agreement escrow deposit | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | ' |
Goodwill impairment | ' | $12,550,000 | ' | ' | ' | ' | ' | $16,100,000 | $12,500,000 | $12,500,000 |
Commitments_and_Contingencies_3
Commitments and Contingencies - Changes in Warranty Reserves (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Changes in warranty reserves | ' | ' |
Ending balance | $300 | $300 |
Warranty reserves [Member] | ' | ' |
Changes in warranty reserves | ' | ' |
Beginning balance | 270 | 249 |
Provisions for warranty | 192 | 85 |
Consumption of reserves | -157 | -64 |
Ending balance | $305 | $270 |
Shareholders_Equity_Summary_of
Shareholders' Equity - Summary of Activity Related to Common Shares Outstanding (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Equity [Abstract] | ' | ' | ' |
Common stock shares outstanding, Beginning balance | 18,514,809 | 18,219,000 | 18,286,000 |
Issuance of common stock on exercise of stock options net of stock swaps | 91,000 | 5,000 | 5,000 |
Issuance of restricted common stock and performance shares, net of cancellations | 49,000 | 348,000 | 328,000 |
Issuance of common stock from purchase of Employee Stock Purchase Plan shares | 113,000 | 104,000 | 107,000 |
Issuance of common stock for stock bonuses, net of shares for tax | 0 | 0 | 48,000 |
Cancellation of stock for withholding tax for vested shares | -142,000 | -161,000 | -150,000 |
Common stock buyback | -60,000 | 0 | -405,000 |
Common stock shares outstanding, End of Year | 18,566,119 | 18,514,809 | 18,219,000 |
Shareholders_Equity_Additional
Shareholders' Equity - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Equity [Abstract] | ' | ' |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, par value | $0.00 | $0.00 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
StockBased_Compensation_Additi
Stock-Based Compensation - Additional Information (Detail) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Aug. 31, 1999 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Apr. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jul. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Director [Member] | Director [Member] | Director [Member] | 1997 Stock Plan [Member] | 1997 Stock Plan [Member] | New 1997 Stock Plan [Member] | 2001 Stock Plan [Member] | 2001 Stock Plan [Member] | Employee Stock Purchase Plan ("ESPP") [Member] | Employee Stock Purchase Plan ("ESPP") [Member] | Employee Stock Purchase Plan ("ESPP") [Member] | Employee Stock Purchase Plan ("ESPP") [Member] | Retention Stock Options [Member] | Retention Stock Options [Member] | Retention Stock Options [Member] | Retention Stock Options [Member] | Retention Stock Options [Member] | Retention Stock Options [Member] | Restricted Stock And Restricted Stock Unit Awards [Member] | Stock Options And Employee Stock Purchase Plan [Member] | Performance Units [Member] | Performance Units [Member] | Performance Units [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Service Based Restricted Stock Units [Member] | Service Based Restricted Stock Units [Member] | Service Based Restricted Stock Units [Member] | Restricted Stock Units [Member] | Restricted Stock Units [Member] | Restricted Stock Units [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Employee Withholding Taxes on Stock Awards [Member] | Employee Withholding Taxes on Stock Awards [Member] | Employee Withholding Taxes on Stock Awards [Member] | ||||
Executive Officer [Member] | Executive Officer [Member] | Executive Officer [Member] | Minimum [Member] | Maximum [Member] | Stock Option [Member] | New 1997 Stock Plan [Member] | ||||||||||||||||||||||||||||||||||||||
Executive Officer [Member] | Executive Officer [Member] | Scenario, Forecast [Member] | ||||||||||||||||||||||||||||||||||||||||||
Executive Officer [Member] | ||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based expense | $3,400 | $3,000 | $3,200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,300 | $900 | $200 | $300 | $300 | ' | $2,700 | $2,700 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation expense for employee's purchase plan purchase | 3,441 | 2,992 | 3,243 | ' | ' | ' | ' | ' | ' | ' | ' | 300 | 200 | 200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 226 | 0 | 273 | ' | ' | ' | ' | ' | ' | 25 | 27 | 19 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Grants vesting period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted shares vested intrinsic value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000 | 3,600 | 2,900 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized compensation expense | 1,600 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,300 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average period | '1 year 7 months 6 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year 6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee stock options vesting provisions, description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Employee options contain installment vesting typically over a period of four years | ' | ' | ' | ' | ' | ' | ' |
Options vested in remaining period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' |
Period of termination of employment | ' | ' | ' | ' | ' | ' | ' | ' | ' | '90 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '90 days | ' | ' | ' | ' | ' | ' | ' |
Stock options granted period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | '7 years | ' | ' | ' | ' | ' | ' | ' |
Proceeds from options exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,300 | 33 | 34 | ' | ' | ' | ' | ' |
Option exercised | 91,000 | 5,000 | 5,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 164,079 | 5,000 | 5,125 | ' | ' | ' | ' | ' |
Intrinsic value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 252 | 4 | 2 | ' | ' | ' | ' | ' |
Lower range of exercise prices | $5.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Upper range of exercise prices | $11.84 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intrinsic value based on share price | $9.57 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Period of expected life, options granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Options Granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 182,500 | 182,500 | ' | ' | ' | 207,236 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 698,050 | 76,300 | 8,700 | ' | ' | ' | ' | ' |
Weighted average grant date fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2.83 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock awards cancellation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -147,250 | -11,320 | -35,083 | -19,933 | -76,006 | -53,975 | ' | ' | ' | -1,125 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted shares vested intrinsic value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36 | 200 | ' | ' | ' | ' | ' | ' | 34 | 24 | 15 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock awards issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 112,965 | 104,073 | 106,721 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 169,650 | 139,691 | 23,982 | 229,950 | 204,960 | ' | ' | ' | 0 | 5,000 | 4,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of fair market value to determine Purchase price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Offering period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining shares issued under Purchase plan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 121,373 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rate of discount on fair market value of common stock under ESPP | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted Average exercise price granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2.24 | $1.89 | $1.99 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued | ' | ' | ' | 38,812 | 21,602 | 12,958 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,820 | 28,508 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Company's stock at fair value | ' | ' | ' | 307 | 132 | 85 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 152 | 187 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payment of withholding taxes related to stock awards | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000 | $1,200 | $1,300 |
Total shares reserved | 3,473,286 | 3,859,332 | ' | ' | ' | ' | ' | ' | ' | 68,810 | 179,739 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Authorized shares of the common stock | ' | ' | ' | ' | ' | ' | ' | 5,500,000 | 2,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual increase of shares equal to the Lesser | ' | ' | ' | ' | ' | ' | 700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of outstanding shares | ' | ' | ' | ' | ' | ' | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional shares authorized | ' | ' | ' | ' | ' | ' | ' | ' | 716,711 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional common stock registration | ' | ' | 1,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Options outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | 68,810 | ' | 0 | 0 | 0 | 0 | ' | 182,500 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,461,559 | 1,099,106 | 1,411,581 | 1,596,713 | 1,392,749 | ' | ' | ' |
Shares available for future grants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,325 | 11,925 | 10,150 | ' | ' | ' | ' | ' | 1,890,354 | ' | ' | ' |
Ratio of restricted award to available for grant shares stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.78 | ' | ' | ' |
Ratio of stock option to available for grant shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' |
Plan exercisable period | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
StockBased_Compensation_Total_
Stock-Based Compensation - Total Stock-Based Compensation (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | $3,441 | $2,992 | $3,243 |
Cost of revenues [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | 390 | 378 | 293 |
Research and development [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | 689 | 585 | 579 |
Sales and marketing [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | 575 | 544 | 647 |
General and administrative [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | 1,786 | 1,479 | 1,724 |
Continuing Operations [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | 3,440 | 2,986 | 3,243 |
Discontinued Operations [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation | $1 | $6 | $0 |
StockBased_Compensation_Summar
Stock-Based Compensation - Summary of Stock-Based Compensation Expense by Type (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Stock Based Compensation [Line Items] | ' | ' | ' |
Total | $3,441 | $2,992 | $3,243 |
Service-based awards [Member] | ' | ' | ' |
Stock Based Compensation [Line Items] | ' | ' | ' |
Total | 2,332 | 2,732 | 2,717 |
Performance Units [Member] | ' | ' | ' |
Stock Based Compensation [Line Items] | ' | ' | ' |
Total | 226 | 0 | 273 |
Employee purchase plans [Member] | Stock Options [Member] | ' | ' | ' |
Stock Based Compensation [Line Items] | ' | ' | ' |
Total | 883 | 260 | 236 |
Stock bonuses for short-term incentive plan [Member] | ' | ' | ' |
Stock Based Compensation [Line Items] | ' | ' | ' |
Total | $0 | $0 | $17 |
StockBased_Compensation_Summar1
Stock-Based Compensation - Summary of Restricted Stock Activity (Detail) (Restricted Stock [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Restricted Stock [Member] | ' | ' | ' |
Shares | ' | ' | ' |
Beginning balance, shares | 940,685 | 1,122,296 | 1,274,316 |
Units awarded, shares | 23,982 | 229,950 | 204,960 |
Performance share units converted to restricted stock awards | 0 | 139,150 | 102,941 |
Units vested | -401,713 | -474,705 | -405,946 |
Units cancelled | -19,933 | -76,006 | -53,975 |
Ending balance, shares | 543,021 | 940,685 | 1,122,296 |
Weighted Average Fair Value | ' | ' | ' |
Beginning balance, Weighted average grant date fair value | $6.24 | $5.90 | $5.93 |
Units awarded, Weighted Average Grant Date Fair Value | $8.26 | $7.04 | $6.45 |
Performance share units converted to restricted stock awards, Weighted average grant date fair value | $0 | $6.47 | $6.21 |
Units vested, Weighted average grant date fair value | $5.87 | $5.88 | $6.37 |
Units cancelled, Weighted average grant date fair value | $6.68 | $6.25 | $5.80 |
Ending balance, Weighted average grant date fair value | $6.59 | $6.24 | $5.90 |
StockBased_Compensation_Summar2
Stock-Based Compensation - Summary of Stock Option Activity (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Summary Of Stock Option Activities [Line Items] | ' | ' | ' |
Options Exercised | -91,000 | -5,000 | -5,000 |
Stock Options [Member] | ' | ' | ' |
Summary Of Stock Option Activities [Line Items] | ' | ' | ' |
Option outstanding, beginning balance, shares | 1,099,106 | 1,411,581 | 1,596,713 |
Options Granted | 698,050 | 76,300 | 8,700 |
Options Exercised | -164,079 | -5,000 | -5,125 |
Options Forfeited | -40,783 | -25,992 | -9,027 |
Options Expired or cancelled | -130,735 | -357,783 | -179,680 |
Options outstanding, ending balance, shares | 1,461,559 | 1,099,106 | 1,411,581 |
Options Exercisable, end of the year | 759,284 | 1,037,420 | 1,390,265 |
Options outstanding, beginning balance, Weighted Average Exercise Price | 9.06 | 9.02 | 9.04 |
Weighted Average Exercise Price Granted | 7.23 | 6.39 | 6.9 |
Weighted Average Exercise Price, Exercised | 7.84 | 6.58 | 6.72 |
Weighted Average Exercise Price, Forfeited | 6.86 | 6.3 | 9.34 |
Weighted Average Exercise Price, Expired or Cancelled | 8.85 | 8.57 | 6.29 |
Option outstanding, ending balance, Weighted Average Exercise Price | 8.4 | 9.06 | 9.02 |
Options outstanding, Exercisable at End of Year, Weighted Average Exercise Price | 9.51 | 9.22 | 9.05 |
StockBased_Compensation_Inform
Stock-Based Compensation - Information about Stock Options Outstanding Under All Stock Plans (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $5.50 |
Upper range of exercise prices | $11.84 |
Options Outstanding, Number | 1,461,559 |
Options Outstanding, Weighted Average Contractual Life (Years) | '3 years 11 months 5 days |
Options Outstanding, Weighted Average Exercise Price | $8.40 |
Options Exercisable, Number | 759,284 |
Options Exercisable, Weighted Average Exercise Price | $9.51 |
Range One [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $5.50 |
Upper range of exercise prices | $6.86 |
Options Outstanding, Number | 74,479 |
Options Outstanding, Weighted Average Contractual Life (Years) | '4 years 8 months 23 days |
Options Outstanding, Weighted Average Exercise Price | $6.61 |
Options Exercisable, Number | 50,870 |
Options Exercisable, Weighted Average Exercise Price | $6.71 |
Range Two [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $6.87 |
Upper range of exercise prices | $7.93 |
Options Outstanding, Number | 730,320 |
Options Outstanding, Weighted Average Contractual Life (Years) | '5 years 10 months 13 days |
Options Outstanding, Weighted Average Exercise Price | $7.25 |
Options Exercisable, Number | 59,154 |
Options Exercisable, Weighted Average Exercise Price | $7.72 |
Range Three [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $7.94 |
Upper range of exercise prices | $8.63 |
Options Outstanding, Number | 33,895 |
Options Outstanding, Weighted Average Contractual Life (Years) | '2 years 5 months 19 days |
Options Outstanding, Weighted Average Exercise Price | $8.49 |
Options Exercisable, Number | 32,895 |
Options Exercisable, Weighted Average Exercise Price | $8.49 |
Range Four [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $8.64 |
Upper range of exercise prices | $8.76 |
Options Outstanding, Number | 36,500 |
Options Outstanding, Weighted Average Contractual Life (Years) | '2 years 1 month 17 days |
Options Outstanding, Weighted Average Exercise Price | $8.76 |
Options Exercisable, Number | 36,500 |
Options Exercisable, Weighted Average Exercise Price | $8.76 |
Range Five [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $8.77 |
Upper range of exercise prices | $9.09 |
Options Outstanding, Number | 104,500 |
Options Outstanding, Weighted Average Contractual Life (Years) | '1 year 9 months 22 days |
Options Outstanding, Weighted Average Exercise Price | $9.08 |
Options Exercisable, Number | 100,000 |
Options Exercisable, Weighted Average Exercise Price | $9.09 |
Range Six [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $9.10 |
Upper range of exercise prices | $9.12 |
Options Outstanding, Number | 6,575 |
Options Outstanding, Weighted Average Contractual Life (Years) | '2 years 5 months 23 days |
Options Outstanding, Weighted Average Exercise Price | $9.11 |
Options Exercisable, Number | 6,575 |
Options Exercisable, Weighted Average Exercise Price | $9.11 |
Range Seven [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $9.13 |
Upper range of exercise prices | $9.16 |
Options Outstanding, Number | 132,000 |
Options Outstanding, Weighted Average Contractual Life (Years) | '2 years 7 months 2 days |
Options Outstanding, Weighted Average Exercise Price | $9.16 |
Options Exercisable, Number | 132,000 |
Options Exercisable, Weighted Average Exercise Price | $9.16 |
Range Eight [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $9.17 |
Upper range of exercise prices | $10.25 |
Options Outstanding, Number | 122,280 |
Options Outstanding, Weighted Average Contractual Life (Years) | '2 years 3 months 22 days |
Options Outstanding, Weighted Average Exercise Price | $9.69 |
Options Exercisable, Number | 120,280 |
Options Exercisable, Weighted Average Exercise Price | $9.69 |
Range Nine [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $10.26 |
Upper range of exercise prices | $11 |
Options Outstanding, Number | 80,960 |
Options Outstanding, Weighted Average Contractual Life (Years) | '1 year 3 months |
Options Outstanding, Weighted Average Exercise Price | $10.70 |
Options Exercisable, Number | 80,960 |
Options Exercisable, Weighted Average Exercise Price | $10.70 |
Range Ten [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower range of exercise prices | $11.01 |
Upper range of exercise prices | $11.84 |
Options Outstanding, Number | 140,050 |
Options Outstanding, Weighted Average Contractual Life (Years) | '22 days |
Options Outstanding, Weighted Average Exercise Price | $11.56 |
Options Exercisable, Number | 140,050 |
Options Exercisable, Weighted Average Exercise Price | $11.56 |
StockBased_Compensation_Weight
Stock-Based Compensation - Weighted Average Contractual Life and Intrinsic Value of Options Outstanding (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Share Based Compensation Arrangement By Share Based Payment Award Options Additional Disclosures [Abstract] | ' |
Options Outstanding Weighted Average Contractual Life (years) | '3 years 11 months 5 days |
Options Exercisable Weighted Average Contractual Life (years) | '1 year 9 months 11 days |
Options Outstanding Intrinsic Value | $2,109 |
Options Exercisable Intrinsic Value | $442 |
StockBased_Compensation_Fair_V
Stock-Based Compensation - Fair Value of Date of Grant Using Black Scholes Option Pricing Model (Detail) (Stock Options [Member]) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Options [Member] | ' | ' | ' |
Share Based Payment Award Stock Options Valuation Assumptions [Line Items] | ' | ' | ' |
Dividend yield | 1.70% | 1.70% | 1.70% |
Risk-free interest rate | 0.50% | 0.30% | 0.50% |
Expected volatility | 45.00% | 52.00% | 52.00% |
Expected life (in years) | '5 years 9 months 18 days | '5 years 6 months | '4 years 10 months 24 days |
StockBased_Compensation_Summar3
Stock-Based Compensation - Summary of Retention Stock Option Activity (Detail) (Retention Stock Options [Member], Executive Officer [Member], USD $) | 1 Months Ended | 12 Months Ended |
Apr. 30, 2013 | Dec. 31, 2013 | |
Retention Stock Options [Member] | Executive Officer [Member] | ' | ' |
Schedule Of Stock Options [Line Items] | ' | ' |
Option outstanding, beginning balance, shares | ' | 0 |
Retention Stock Options Granted, shares | 182,500 | 182,500 |
Options outstanding, ending balance, shares | ' | 182,500 |
Retention Stock Options outstanding, Exercisable, Ending balance, shares | ' | 0 |
Options outstanding, beginning balance, Weighted Average Exercise Price | ' | $0 |
Retention Stock Options Granted, Weighted Average Exercise Price | ' | $7.16 |
Option outstanding, ending balance, Weighted Average Exercise Price | ' | $7.16 |
Retention Stock Options outstanding, Exercisable, Ending balance, Weighted Average Exercise Price | ' | $0 |
StockBased_Compensation_Summar4
Stock-Based Compensation - Summary of Performance Share Activity (Detail) (Performance Units [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Performance Units [Member] | ' | ' | ' |
Nonvested Share Activity [Line Items] | ' | ' | ' |
Beginning balance, shares | 147,250 | 132,906 | 161,276 |
Units awarded, shares | 0 | 169,650 | 139,691 |
Units vested | 0 | -4,836 | -30,037 |
Performance share units converted to restricted stock awards | 0 | -139,150 | -102,941 |
Units cancelled | -147,250 | -11,320 | -35,083 |
Ending balance, shares | 0 | 147,250 | 132,906 |
Beginning balance, Weighted average grant date fair value | $7.04 | $6.48 | $7.79 |
Units awarded, Weighted Average Grant Date Fair Value | $0 | $7 | $6.45 |
Units vested, Weighted average grant date fair value | $0 | $6.75 | $9.67 |
Performance share units converted to restricted stock awards, Weighted average grant date fair value | $0 | $6.47 | $6.21 |
Units cancelled, Weighted average grant date fair value | $7.04 | $7.01 | $10.42 |
Ending balance, Weighted average grant date fair value | $0 | $7.04 | $6.48 |
StockBased_Compensation_Summar5
Stock-Based Compensation - Summary of Restricted Stock Unit Activity (Detail) (Restricted Stock Units [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Restricted Stock Units [Member] | ' | ' | ' |
Schedule Of Summary Of Restricted Stock Unit Activity [Line Items] | ' | ' | ' |
Beginning balance, shares | 11,925 | 10,150 | 7,875 |
Units awarded, shares | 0 | 5,000 | 4,400 |
Units vested | -4,475 | -3,225 | -2,125 |
Units cancelled | -1,125 | 0 | 0 |
Ending balance, shares | 6,325 | 11,925 | 10,150 |
Beginning balance, Weighted average grant date fair value | $6.61 | $6.28 | $6.13 |
Units awarded, Weighted Average Grant Date Fair Value | $0 | $7.04 | $6.47 |
Units vested, Weighted average grant date fair value | $6.46 | $6.24 | $6.11 |
Units canceled, Weighted average grant date fair value | $6.77 | $0 | $0 |
Ending balance, Weighted average grant date fair value | $6.70 | $6.61 | $6.28 |
StockBased_Compensation_Summar6
Stock-Based Compensation - Summary of Purchase Plan Activity (Detail) (Employee Stock Purchase Plan ("ESPP") [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Employee Stock Purchase Plan ("ESPP") [Member] | ' | ' | ' |
Share Based Compensation Arrangements By Share Based Payment Award Options [Line Items] | ' | ' | ' |
Option outstanding, beginning balance, shares | 0 | 0 | 0 |
Units awarded, shares | 112,965 | 104,073 | 106,721 |
Units vested | -112,965 | -104,073 | -106,721 |
Options outstanding, ending balance, shares | 0 | 0 | 0 |
Options outstanding, beginning balance, Weighted Average Exercise Price | $0 | $0 | $0 |
Shares granted, Weighted Average Grant Date Fair Value | $2.24 | $1.89 | $1.99 |
Units vested, Weighted average grant date fair value | $2.24 | $1.89 | $1.99 |
Option outstanding, ending balance, Weighted Average Exercise Price | $0 | $0 | $0 |
StockBased_Compensation_Calcul
Stock-Based Compensation - Calculation of Fair Value of Each Employee Stock Purchase Grant Using the Black-Scholes Option-Pricing Model (Detail) (Employee Stock Purchase Plan ("ESPP") [Member]) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Employee Stock Purchase Plan ("ESPP") [Member] | ' | ' | ' |
Calculation of fair value of each employee stock purchase grant using the Black-Scholes option-pricing model | ' | ' | ' |
Dividend yield | 1.70% | 1.70% | 1.70% |
Risk-free interest rate | 0.30% | 0.20% | 0.20% |
Expected volatility | 51.00% | 52.00% | 52.00% |
Expected life (in years) | '6 months | '6 months | '6 months |
StockBased_Compensation_Summar7
Stock-Based Compensation - Summary of the Reserved Shares of Common Stock for Future Issuance (Detail) | Dec. 31, 2013 | Dec. 31, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Total shares reserved | 3,473,286 | 3,859,332 |
1997 Stock Plan [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Total shares reserved | 3,283,103 | 3,445,254 |
2001 Stock Plan [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Total shares reserved | 68,810 | 179,739 |
Employee Stock Purchase Plan ("ESPP") [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Total shares reserved | 121,373 | 234,339 |
Stock_Repurchases_Additional_I
Stock Repurchases - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Mar. 18, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share Repurchases [Abstract] | ' | ' | ' | ' |
Average price of repurchased shares | ' | $7.31 | ' | ' |
Share value that could still be repurchased | ' | $4.60 | ' | ' |
Share repurchase program, approved amount | $5 | ' | ' | ' |
Share repurchase program, shares repurchased | ' | 59,510 | 0 | 405,628 |
Stock_Repurchases_Summary_of_S
Stock Repurchases - Summary of Shares Repurchases (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share Repurchases [Abstract] | ' | ' | ' |
Shares | 59,510 | 0 | 405,628 |
Amount | $435 | $0 | $2,559 |
Segment_Customer_and_Geographi2
Segment, Customer and Geographic Information - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Segment | Customer | ||
Customer | |||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Number of reporting segments | 2 | ' | ' |
Entity wide revenue major customer, benchmark percentage | 100.00% | 100.00% | 100.00% |
Number of customers accounted for more than ten percentage of revenue | 0 | 0 | ' |
Number of customer account receivable | 0 | 0 | ' |
Sales [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Entity wide revenue major customer, benchmark percentage | 10.00% | 10.00% | ' |
Accounts Receivable [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Entity wide revenue major customer, benchmark percentage | 10.00% | 10.00% | ' |
Segment_Customer_and_Geographi3
Segment, Customer and Geographic Information - Assets by Segment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Accounts receivable | $18,603 | $18,586 | ' |
Inventories | 14,535 | 17,573 | ' |
Property and equipment, net | 14,971 | 14,775 | ' |
Goodwill | 161 | 161 | 161 |
Intangible assets, net | 4,604 | 7,004 | ' |
Deferred tax assets, net | 11,827 | 14,034 | ' |
Other noncurrent assets | 41 | 1,636 | ' |
Operating Segments [Member] | Connected Solutions [Member] | ' | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Accounts receivable | 11,934 | 11,885 | ' |
Inventories | 12,802 | 14,283 | ' |
Property and equipment, net | 11,508 | 11,868 | ' |
Goodwill | 0 | 0 | ' |
Intangible assets, net | 2,832 | 4,404 | ' |
Deferred tax assets, net | 0 | 0 | ' |
Other noncurrent assets | 0 | 0 | ' |
Operating Segments [Member] | RF Solutions [Member] | ' | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Accounts receivable | 6,669 | 6,701 | ' |
Inventories | 1,733 | 3,290 | ' |
Property and equipment, net | 2,427 | 1,746 | ' |
Goodwill | 161 | 161 | ' |
Intangible assets, net | 1,772 | 2,600 | ' |
Deferred tax assets, net | 0 | 0 | ' |
Other noncurrent assets | 0 | 0 | ' |
Consolidating [Member] | ' | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Accounts receivable | 0 | 0 | ' |
Inventories | 0 | 0 | ' |
Property and equipment, net | 1,036 | 1,161 | ' |
Goodwill | 0 | 0 | ' |
Intangible assets, net | 0 | 0 | ' |
Deferred tax assets, net | 11,827 | 14,034 | ' |
Other noncurrent assets | $41 | $1,636 | ' |
Segment_Customer_and_Geographi4
Segment, Customer and Geographic Information - Result of Operations by Segments (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Results of operations by segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | $25,963 | $26,471 | $26,746 | $25,073 | $25,842 | $25,853 | $19,993 | $17,161 | $104,253 | $88,849 | $76,844 |
GROSS PROFIT | 10,843 | 10,776 | 10,548 | 9,593 | 9,932 | 10,040 | 8,670 | 7,178 | 41,760 | 35,820 | 35,862 |
OPERATING INCOME (LOSS) | 420 | 928 | 258 | -1,310 | -11,785 | 1,160 | 684 | -920 | 296 | -10,861 | 2,090 |
Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | 2,670 | 2,432 | 2,486 |
Intangible amortization | ' | ' | ' | ' | ' | ' | ' | ' | 2,400 | 2,359 | 2,258 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 2,959 | 3,381 | 4,862 |
Operating Segments [Member] | Connected Solutions [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Results of operations by segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | 74,223 | 67,511 | 52,400 |
GROSS PROFIT | ' | ' | ' | ' | ' | ' | ' | ' | 22,720 | 21,037 | 16,783 |
OPERATING INCOME (LOSS) | ' | ' | ' | ' | ' | ' | ' | ' | 6,012 | -6,062 | 2,791 |
Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | 1,785 | 1,630 | 1,516 |
Intangible amortization | ' | ' | ' | ' | ' | ' | ' | ' | 1,573 | 1,478 | 1,496 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 1,505 | 2,091 | 3,236 |
Operating Segments [Member] | RF Solutions [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Results of operations by segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | 30,310 | 21,469 | 24,652 |
GROSS PROFIT | ' | ' | ' | ' | ' | ' | ' | ' | 19,018 | 14,744 | 19,032 |
OPERATING INCOME (LOSS) | ' | ' | ' | ' | ' | ' | ' | ' | 7,248 | 4,246 | 8,324 |
Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | 570 | 525 | 561 |
Intangible amortization | ' | ' | ' | ' | ' | ' | ' | ' | 827 | 881 | 762 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 1,251 | 725 | 775 |
Consolidating [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Results of operations by segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | -280 | -131 | -208 |
GROSS PROFIT | ' | ' | ' | ' | ' | ' | ' | ' | 22 | 39 | 47 |
OPERATING INCOME (LOSS) | ' | ' | ' | ' | ' | ' | ' | ' | -12,964 | -9,045 | -9,025 |
Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | 315 | 277 | 409 |
Intangible amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | $203 | $565 | $851 |
Segment_Customer_and_Geographi5
Segment, Customer and Geographic Information - Customer Accounted Revenues (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Total Sales | 100.00% | 100.00% | 100.00% |
Sales [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Total Sales | 10.00% | 10.00% | ' |
Europe, Middle East, & Africa [Member] | Sales [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Total Sales | 13.00% | 13.00% | 20.00% |
Asia Pacific [Member] | Sales [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Total Sales | 10.00% | 10.00% | 11.00% |
Other Americas [Member] | Sales [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Total Sales | 6.00% | 7.00% | 8.00% |
Foreign [Member] | Sales [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Total Sales | 29.00% | 30.00% | 39.00% |
Domestic [Member] | Sales [Member] | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Total Sales | 71.00% | 70.00% | 61.00% |
Segment_Customer_and_Geographi6
Segment, Customer and Geographic Information - Long-lived Assets by Geographic Region (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Geographic And Business Segment Information [Line Items] | ' | ' | ' |
Long-Lived Assets | $31,604 | $37,612 | $37,410 |
United States [Member] | ' | ' | ' |
Geographic And Business Segment Information [Line Items] | ' | ' | ' |
Long-Lived Assets | 30,682 | 36,732 | 36,659 |
All Other Countries [Member] | ' | ' | ' |
Geographic And Business Segment Information [Line Items] | ' | ' | ' |
Long-Lived Assets | $922 | $880 | $751 |
Benefit_Plans_Additional_Infor
Benefit Plans - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Prepaid Expenses and Other Current Assets [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fund received for insurance company | $1.90 | ' | ' |
Employee Benefit Plans [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Maximum percentage of current compensation of employee to contribute in plan | 15.00% | ' | ' |
Amount of company contributions in compensation | 0.6 | 0.6 | 0.6 |
Company contributes to various retirement plans for foreign employees | 0.3 | 0.2 | 0.2 |
Executive Deferred Compensation Plan [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Maximum percentage of salary for contribution in compensation plan | 50.00% | ' | ' |
Maximum percentage of cash bonuses for contribution in compensation plan | 100.00% | ' | ' |
Percent of matching cash | 4.00% | ' | ' |
Executive's continued service period | 'over three years | ' | ' |
Cash surrender value of policies | ' | 1.6 | ' |
Deferred compensation obligation | $1.90 | $1.70 | ' |
Quarterly_Data_Schedule_of_Qua
Quarterly Data - Schedule of Quarterly Financial Information (Unaudited) (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | $25,963 | $26,471 | $26,746 | $25,073 | $25,842 | $25,853 | $19,993 | $17,161 | $104,253 | $88,849 | $76,844 |
GROSS PROFIT | 10,843 | 10,776 | 10,548 | 9,593 | 9,932 | 10,040 | 8,670 | 7,178 | 41,760 | 35,820 | 35,862 |
Operating income (loss) from continuing operations | 420 | 928 | 258 | -1,310 | -11,785 | 1,160 | 684 | -920 | 296 | -10,861 | 2,090 |
Income (loss) from continuing operations before provision for income taxes | 1,020 | 1,317 | 315 | 3,022 | -11,769 | 1,172 | 723 | -887 | 5,674 | -10,761 | 2,285 |
Net income (loss) from continuing operations | 453 | 751 | 187 | 1,951 | -7,250 | 688 | 445 | -555 | 3,342 | -6,672 | 1,681 |
Net income (loss) from discontinued operations | 17 | 0 | -22 | -86 | -1,073 | -416 | -774 | -324 | -91 | -2,587 | -1,497 |
Net income (loss) | $470 | $751 | $165 | $1,865 | ($8,323) | $272 | ($329) | ($879) | ' | ' | ' |
Earnings (loss) per Share from Continuing Operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | $0.03 | $0.04 | $0.01 | $0.11 | ($0.41) | $0.04 | $0.03 | ($0.03) | $0.19 | ($0.38) | $0.10 |
Diluted | $0.02 | $0.04 | $0.01 | $0.11 | ($0.41) | $0.04 | $0.03 | ($0.03) | $0.18 | ($0.38) | $0.09 |
Earnings (Loss) per Share from Discontinued Operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | $0 | $0 | $0 | $0 | ($0.07) | ($0.02) | ($0.05) | ($0.02) | ($0.01) | ($0.15) | ($0.09) |
Diluted | $0 | $0 | $0 | ($0.01) | ($0.07) | ($0.02) | ($0.05) | ($0.02) | $0 | ($0.15) | ($0.08) |
Earnings (Loss) per Share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | $0.03 | $0.04 | $0.01 | $0.11 | ($0.48) | $0.02 | ($0.02) | ($0.05) | $0.18 | ($0.53) | $0.01 |
Diluted | $0.02 | $0.04 | $0.01 | $0.10 | ($0.48) | $0.02 | ($0.02) | ($0.05) | $0.18 | ($0.53) | $0.01 |
Weighed Average Shares: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | 17,916 | 17,841 | 17,790 | 17,684 | 17,501 | 17,493 | 17,404 | 17,264 | 17,797 | 17,402 | 17,186 |
Diluted | 18,508 | 18,354 | 18,075 | 17,911 | 17,501 | 17,779 | 17,404 | 17,264 | 18,184 | 17,402 | 17,739 |
Quarterly_Data_Additional_Info
Quarterly Data - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
Dec. 31, 2012 | Dec. 31, 2012 | |
Quarterly Financial Information Disclosure [Abstract] | ' | ' |
Goodwill and intangible assets impairment expense | $13,600,000 | $1,100,000 |
Revenue overstated amount | ' | 618,000 |
Net income loss before tax overstated amount | ' | 132,000 |
Net income loss overstated amount | ' | $78,000 |
Related_Parties_Additional_Inf
Related Parties - Additional Information (Detail) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Related Party Transactions [Abstract] | ' |
Total lease payment | $0.20 |
Effective date of early termination of lease | 'October 2013 |
Effective date of new lease agreement | 1-Aug-13 |
New lease period | '5 years |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Statement Of Income And Comprehensive Income [Abstract] | ' | ' |
Accumulated other comprehensive income | $209 | $148 |
Recovered_Sheet4
Schedule II - Valuation and Qualifying Accounts (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for Doubtful Accounts [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at Beginning of Year | $222 | $132 | $160 |
Charges to Cost and Expenses | 130 | 85 | -2 |
Addition (Deduction) | -222 | 5 | -26 |
Balance at End of Year | 130 | 222 | 132 |
Warranty reserves [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at Beginning of Year | 270 | 249 | 257 |
Charges to Cost and Expenses | 192 | 85 | 384 |
Addition (Deduction) | -157 | -64 | -392 |
Balance at End of Year | 305 | 270 | 249 |
Valuation Allowance of Deferred Tax Assets [Member] | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Balance at Beginning of Year | 662 | 643 | 702 |
Charges to Cost and Expenses | -22 | 19 | -59 |
Addition (Deduction) | 0 | 0 | 0 |
Balance at End of Year | $640 | $662 | $643 |