| Segment Information |
NOTE 11 – SEGMENT INFORMATION
The Company classifies its businesses into three segments as follows:
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Suttle manufactures and sells copper and fiber connectivity systems, enclosure systems, xDSL filters and splitters, and active technologies for voice, data and video communications;
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·
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Transition Networks manufactures and sells media converters, network interface devices (NIDs), network interface cards (NICs), Ethernet switches and other connectivity products that offer the ability to affordably integrate the benefits of fiber optics into any data network; and
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·
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JDL Technologies provides technology solutions including virtualization, managed services, wired and wireless network design and implementation, HIPAA-compliant IT services, and converged infrastructure configuration and deployment.
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Management has chosen to organize the enterprise and disclose reportable segments based on our products and services. Intersegment revenues are eliminated upon consolidation.
Information concerning the Company’s continuing operations in the various segments for the three and nine-month periods ended September 30, 2015 and 2014 is as follows:
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Transition
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JDL
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Intersegment
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Suttle
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Networks
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Technologies
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Other
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Eliminations
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Total
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Three Months Ended September 30, 2015
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Sales
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$
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15,091,000
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$
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12,354,000
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$
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4,982,000
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$
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-
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$
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(181,000)
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$
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32,246,000
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Cost of sales
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12,000,000
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6,616,000
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3,206,000
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-
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-
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21,822,000
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Gross profit
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3,091,000
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5,738,000
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1,776,000
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-
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(181,000)
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10,424,000
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Selling, general and
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administrative expenses
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3,870,000
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5,448,000
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856,000
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-
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(181,000)
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9,993,000
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Operating (loss) income
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$
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(779,000)
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$
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290,000
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$
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920,000
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$
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-
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$
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-
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$
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431,000
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Depreciation and amortization
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$
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539,000
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$
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264,000
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$
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39,000
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$
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-
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$
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-
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$
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842,000
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Capital expenditures
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$
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67,000
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$
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34,000
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$
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16,000
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$
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10,000
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$
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-
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$
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127,000
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Assets
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$
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41,588,000
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$
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27,176,000
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$
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6,792,000
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$
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23,055,000
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$
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-
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$
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98,611,000
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Transition
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JDL
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Intersegment
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Suttle
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Networks
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Technologies
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Other
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Eliminations
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Total
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Three Months Ended September 30, 2014
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Sales
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$
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19,938,000
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$
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11,272,000
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$
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2,224,000
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$
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-
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$
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-
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$
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33,434,000
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Cost of sales
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13,470,000
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6,283,000
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1,668,000
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-
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-
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21,421,000
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Gross profit
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6,468,000
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|
4,989,000
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556,000
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-
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-
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12,013,000
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Selling, general and
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administrative expenses
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3,644,000
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5,032,000
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679,000
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-
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-
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9,355,000
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Restructuring expense
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-
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-
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Operating income (loss)
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$
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2,824,000
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$
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(43,000)
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$
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(123,000)
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$
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-
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$
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-
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$
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2,658,000
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Depreciation and amortization
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$
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332,000
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$
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243,000
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$
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39,000
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$
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-
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$
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-
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$
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614,000
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Capital expenditures
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$
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1,263,000
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$
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88,000
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$
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5,000
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$
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169,000
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$
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-
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$
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1,525,000
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Assets
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$
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39,398,000
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$
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26,653,000
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$
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2,764,000
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$
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33,762,000
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$
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-
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$
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102,577,000
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Transition
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JDL
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Intersegment
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Suttle
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Networks
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Technologies
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Other
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Eliminations
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Total
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Nine Months Ended September 30, 2015
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Sales
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$
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37,469,000
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$
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32,359,000
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$
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10,565,000
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$
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-
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$
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(404,000)
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$
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79,989,000
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Cost of sales
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30,682,000
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17,809,000
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7,648,000
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-
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-
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56,139,000
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Gross profit
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6,787,000
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14,550,000
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2,917,000
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-
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(404,000)
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23,850,000
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Selling, general and
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administrative expenses
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11,680,000
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16,830,000
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2,722,000
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-
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(404,000)
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30,828,000
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Operating (loss) income
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$
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(4,893,000)
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$
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(2,280,000)
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$
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195,000
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$
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-
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$
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-
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$
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(6,978,000)
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Depreciation and amortization
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$
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1,592,000
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$
|
778,000
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$
|
106,000
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$
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-
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$
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-
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$
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2,476,000
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Capital expenditures
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$
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1,235,000
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$
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247,000
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$
|
187,000
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$
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114,000
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$
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-
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$
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1,783,000
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Transition
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JDL
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Intersegment
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Suttle
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Networks
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Technologies
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Other
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Eliminations
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Total
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Nine Months Ended September 30, 2014
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Sales
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$
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51,826,000
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$
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32,589,000
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$
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7,426,000
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$
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-
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$
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-
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$
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91,841,000
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Cost of sales
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35,594,000
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17,508,000
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5,645,000
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-
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-
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58,747,000
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Gross profit
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16,232,000
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15,081,000
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|
1,781,000
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-
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-
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33,094,000
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Selling, general and
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|
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|
|
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administrative expenses
|
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10,139,000
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|
15,821,000
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|
2,085,000
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-
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-
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28,045,000
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Restructuring expense
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|
|
238,000
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|
|
238,000
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Operating income (loss)
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$
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6,093,000
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$
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(978,000)
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$
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(304,000)
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$
|
-
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$
|
-
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$
|
4,811,000
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Depreciation and amortization
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$
|
940,000
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$
|
704,000
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$
|
113,000
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$
|
-
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$
|
-
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$
|
1,757,000
|
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Capital expenditures
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$
|
3,128,000
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$
|
453,000
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$
|
23,000
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$
|
384,000
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$
|
-
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$
|
3,988,000
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