Tessco (TESS) 8-K Other Events

TESSCO TECHNOLOGIES INCORPORATED

 Historical segment information for the first and second quarters of fiscal year 2012 and all quarters of fiscal year 2011, and segment information for fiscal years 2011 and 2010 is presented in tabular format below.  This information is presented to provide historical information in a manner consistent with the internal organizational changes discussed in the Quarterly Report on Form 10-Q filed for the period ended September 25, 2011.

Historical Segment Information (in thousands and unaudited):

	Three months ended September 25, 2011
	Commercial Segment		Retail Segment		Total
Revenues
Public carrier, contractor & program manager market	$	20,065	$	-	$	20,065
Private system operator & government market		31,268		-		31,268
Commercial dealer & reseller market		31,257		-		31,257
Retailer, dealer agent & Tier 2/3 carrier market		-		26,847		26,847
Revenues, excluding Tier 1 carrier market		82,590		26,847		109,437
Tier 1 carrier market		-		39,400		39,400
Total revenues		82,590		66,247		148,837
Gross Profit
Public carrier, contractor & program manager market		4,309		-		4,309
Private system operator & government market		8,763		-		8,763
Commercial dealer & reseller market		8,962		-		8,962
Retailer, dealer agent & Tier 2/3 carrier market		-		5,911		5,911
Gross profit, excluding Tier 1 carrier market		22,034		5,911		27,945
Tier 1 carrier market		-		6,045		6,045
Total gross profit		22,034		11,956		33,990
Directly allocatable expenses		10,322		6,701		17,023
Segment net profit contribution	$	11,712	$	5,255		16,967
Corporate support expenses						11,210
Income before provision for income taxes					$	5,757

	Three months ended June 26, 2011
	Commercial Segment		Retail Segment		Total
Revenues
Public carrier, contractor & program manager market	$	18,166	$	-	$	18,166
Private system operator & government market		31,273		-		31,273
Commercial dealer & reseller market		28,880		-		28,880
Retailer, dealer agent & Tier 2/3 carrier market		-		28,695		28,695
Revenues, excluding Tier 1 carrier market		78,319		28,695		107,014
Tier 1 carrier market		-		56,501		56,501
Total revenues		78,319		85,196		163,515
Gross Profit
Public carrier, contractor & program manager market		4,349		-		4,349
Private system operator & government market		9,369		-		9,369
Commercial dealer & reseller market		8,150		-		8,150
Retailer, dealer agent & Tier 2/3 carrier market		-		6,084		6,084
Gross profit, excluding Tier 1 carrier market		21,868		6,084		27,952
Tier 1 carrier market		-		9,248		9,248
Total gross profit		21,868		15,332		37,200
Directly allocatable expenses		10,024		6,817		16,841
Segment net profit contribution	$	11,844	$	8,515		20,359
Corporate support expenses						12,939
Income before provision for income taxes					$	7,420

	Three months ended March 27, 2011
	Commercial Segment		Retail Segment		Total
Revenues
Public carrier, contractor & program manager market	$	17,477	$	-	$	17,477
Private system operator & government market		26,887		-		26,887
Commercial dealer & reseller market		28,915		-		28,915
Retailer, dealer agent & Tier 2/3 carrier market		-		30,066		30,066
Revenues, excluding Tier 1 carrier market		73,279		30,066		103,345
Tier 1 carrier market		-		26,955		26,955
Total revenues		73,279		57,021		130,300
Gross Profit
Public carrier, contractor & program manager market		4,054		-		4,054
Private system operator & government market		7,478		-		7,478
Commercial dealer & reseller market		7,930		-		7,930
Retailer, dealer agent & Tier 2/3 carrier market		-		6,367		6,367
Gross profit, excluding Tier 1 carrier market		19,462		6,367		25,829
Tier 1 carrier market		-		4,529		4,529
Total gross profit		19,462		10,896		30,358
Directly allocatable expenses		11,268		6,904		18,172
Segment net profit contribution	$	8,194	$	3,992		12,186
Corporate support expenses						9,646
Income before provision for income taxes					$	2,540

	Three months ended December 26, 2010
	Commercial Segment		Retail Segment		Total
Revenues
Public carrier, contractor & program manager market	$	23,546	$	-	$	23,546
Private system operator & government market		30,966		-		30,966
Commercial dealer & reseller market		28,553		-		28,553
Retailer, dealer agent & Tier 2/3 carrier market		-		28,963		28,963
Revenues, excluding Tier 1 carrier market		83,065		28,963		112,028
Tier 1 carrier market		-		55,912		55,912
Total revenues		83,065		84,875		167,940
Gross Profit
Public carrier, contractor & program manager market		5,497		-		5,497
Private system operator & government market		7,777		-		7,777
Commercial dealer & reseller market		7,931		-		7,931
Retailer, dealer agent & Tier 2/3 carrier market		-		5,301		5,301
Gross profit, excluding Tier 1 carrier market		21,205		5,301		26,506
Tier 1 carrier market		-		7,297		7,297
Total gross profit		21,205		12,598		33,803
Directly allocatable expenses		12,010		8,081		20,091
Segment net profit contribution	$	9,195	$	4,517		13,712
Corporate support expenses						9,494
Income before provision for income taxes					$	4,218

	Three months ended September 26, 2010
	Commercial Segment		Retail Segment		Total
Revenues
Public carrier, contractor & program manager market	$	24,229	$	-	$	24,229
Private system operator & government market		26,652		-		26,652
Commercial dealer & reseller market		31,681		-		31,681
Retailer, dealer agent & Tier 2/3 carrier market		-		26,165		26,165
Revenues, excluding Tier 1 carrier market		82,562		26,165		108,727
Tier 1 carrier market		-		56,299		56,299
Total revenues		82,562		82,464		165,026
Gross Profit
Public carrier, contractor & program manager market		5,618		-		5,618
Private system operator & government market		6,915		-		6,915
Commercial dealer & reseller market		8,284		-		8,284
Retailer, dealer agent & Tier 2/3 carrier market		-		6,126		6,126
Gross profit, excluding Tier 1 carrier market		20,817		6,126		26,943
Tier 1 carrier market		-		9,827		9,827
Total gross profit		20,817		15,953		36,770
Directly allocatable expenses		12,211		8,433		20,644
Segment net profit contribution	$	8,606	$	7,520		16,126
Corporate support expenses						10,689
Income before provision for income taxes					$	5,437

	Three months ended June 27, 2010
	Commercial Segment		Retail Segment		Total
Revenues
Public carrier, contractor & program manager market	$	21,758	$	-	$	21,758
Private system operator & government market		24,015		-		24,015
Commercial dealer & reseller market		28,064		-		28,064
Retailer, dealer agent & Tier 2/3 carrier market		-		24,918		24,918
Revenues, excluding Tier 1 carrier market		73,837		24,918		98,755
Tier 1 carrier market		-		43,198		43,198
Total revenues		73,837		68,116		141,953
Gross Profit
Public carrier, contractor & program manager market		4,970		-		4,970
Private system operator & government market		6,808		-		6,808
Commercial dealer & reseller market		7,572		-		7,572
Retailer, dealer agent & Tier 2/3 carrier market		-		5,152		5,152
Gross profit, excluding Tier 1 carrier market		19,350		5,152		24,502
Tier 1 carrier market		-		7,848		7,848
Total gross profit		19,350		13,000		32,350
Directly allocatable expenses		11,607		8,062		19,669
Segment net profit contribution	$	7,743	$	4,938		12,681
Corporate support expenses						9,321
Income before provision for income taxes					$	3,360

	Fiscal Year Ended March 27, 2011
	Commercial Segment		Retail Segment		Total
Revenues
Public carrier, contractor & program manager market	$	87,010	$	-	$	87,010
Private system operator & government market		108,520		-		108,520
Commercial dealer & reseller market		117,213		-		117,213
Retailer, dealer agent & Tier 2/3 carrier market		-		110,112		110,112
Revenues, excluding Tier 1 carrier market		312,743		110,112		422,855
Tier 1 carrier market		-		182,364		182,364
Total revenues		312,743		292,476		605,219
Gross Profit
Public carrier, contractor & program manager market		20,139		-		20,139
Private system operator & government market		28,978		-		28,978
Commercial dealer & reseller market		31,717		-		31,717
Retailer, dealer agent & Tier 2/3 carrier market		-		22,946		22,946
Gross profit, excluding Tier 1 carrier market		80,834		22,946		103,780
Tier 1 carrier market		-		29,501		29,501
Total gross profit		80,834		52,447		133,281
Directly allocatable expenses		47,096		31,480		78,576
Segment net profit contribution	$	33,738	$	20,967		54,705
Corporate support expenses						39,150
Income before provision for income taxes					$	15,555

	Fiscal Year Ended March 28, 2010
	Commercial Segment		Retail Segment		Total
Revenues
Public carrier, contractor & program manager market	$	63,808	$	-	$	63,808
Private system operator & government market		108,429		-		108,429
Commercial dealer & reseller market		94,541		-		94,541
Retailer, dealer agent & Tier 2/3 carrier market		-		78,727		78,727
Revenues, excluding Tier 1 carrier market		266,778		78,727		345,505
Tier 1 carrier market		-		176,527		176,527
Total revenues		266,778		255,254		522,032
Gross Profit
Public carrier, contractor & program manager market		15,228		-		15,228
Private system operator & government market		28,029		-		28,029
Commercial dealer & reseller market		25,922		-		25,922
Retailer, dealer agent & Tier 2/3 carrier market		-		19,631		19,631
Gross profit, excluding Tier 1 carrier market		69,179		19,631		88,810
Tier 1 carrier market		-		34,515		34,515
Total gross profit		69,179		54,146		123,325
Directly allocatable expenses		38,563		27,855		66,418
Segment net profit contribution	$	30,616	$	26,291		56,907
Corporate support expenses						42,169
Income before provision for income taxes					$	14,738

 Supplemental revenue and gross profit information by product category is presented in tabular form below.  The product category revenue and gross profit amounts presented below for the first and second quarters of fiscal 2011 reflect refinement and some reclassifications between product categories, as compared to that presented for the same periods in our Quarterly Report on Form 10-Q filed for the period ended September 25, 2011.  We believe that this approach provides for a better current year presentation. 

Supplemental Historical Product Category Information (in thousands and unaudited):

	Three months ended September 25, 2011
Revenues
Base station infrastructure	$	49,464
Network systems		19,140
Installation, test and maintenance		12,129
Mobile device accessories		68,104
Total revenues		148,837
Gross Profit
Base station infrastructure		14,928
Network systems		3,771
Installation, test and maintenance		2,616
Mobile device accessories		12,675
Total gross profit		33,990

	Three months ended June 26, 2011
Revenues
Base station infrastructure	$	47,208
Network systems		19,473
Installation, test and maintenance		9,947
Mobile device accessories		86,887
Total revenues		163,515
Gross Profit
Base station infrastructure		14,975
Network systems		3,874
Installation, test and maintenance		2,303
Mobile device accessories		16,048
Total gross profit		37,200

	Three months ended March 27, 2011
Revenues
Base station infrastructure	$	44,274
Network systems		15,860
Installation, test and maintenance		11,613
Mobile device accessories		58,553
Total revenues		130,300
Gross Profit
Base station infrastructure		12,944
Network systems		3,496
Installation, test and maintenance		2,451
Mobile device accessories		11,467
Total gross profit		30,358

	Three months ended December 26, 2010
Revenues
Base station infrastructure	$	48,571
Network systems		16,627
Installation, test and maintenance		14,393
Mobile device accessories		88,349
Total revenues		167,940
Gross Profit
Base station infrastructure		14,171
Network systems		3,440
Installation, test and maintenance		2,867
Mobile device accessories		13,325
Total gross profit		33,803

	Three months ended September 26, 2010
Revenues
Base station infrastructure	$	51,541
Network systems		18,372
Installation, test and maintenance		10,289
Mobile device accessories		84,824
Total revenues		165,026
Gross Profit
Base station infrastructure		14,194
Network systems		2,883
Installation, test and maintenance		2,506
Mobile device accessories		17,187
Total gross profit		36,770

	Three months ended June 27, 2010
Revenues
Base station infrastructure	$	48,201
Network systems		14,321
Installation, test and maintenance		9,947
Mobile device accessories		69,484
Total revenues		141,953
Gross Profit
Base station infrastructure		13,204
Network systems		2,289
Installation, test and maintenance		2,920
Mobile device accessories		13,937
Total gross profit		32,350

	Fiscal Year Ended March 27, 2011
Revenues
Base station infrastructure	$	192,587
Network systems		65,180
Installation, test and maintenance		46,242
Mobile device accessories		301,210
Total revenues		605,219
Gross Profit
Base station infrastructure		54,513
Network systems		12,108
Installation, test and maintenance		10,744
Mobile device accessories		55,916
Total gross profit		133,281

	Fiscal Year Ended March 28, 2010
Revenues
Base station infrastructure	$	171,434
Network systems		33,410
Installation, test and maintenance		53,594
Mobile device accessories		263,594
Total revenues		522,032
Gross Profit
Base station infrastructure		47,677
Network systems		4,982
Installation, test and maintenance		13,406
Mobile device accessories		57,260
Total gross profit		123,325