Quarterly report pursuant to Section 13 or 15(d)

Interim Segment Information (Tables)

Interim Segment Information (Tables)

9 Months Ended

Dec. 31, 2013

Segment information for the three and nine months ended December 31, 2013, and 2012 is set forth below:



	Three months ended December 31, 2013
(in thousands)	Kentrox			Westell			Total
Revenue	$	14,705		$	10,531		$	25,236
Cost of goods sold	5,906			7,095			13,001
Gross profit	8,799			3,436			12,235
Gross margin	59.8		%	32.6		%	48.5		%
Research and development	912			1,615			2,527
Segment profit	$	7,887		$	1,821		9,708
Operating expenses:
Sales and marketing							3,508
General and administrative							3,402
Restructuring							38
Intangible amortization							737
Operating income (loss)							2,023
Other income (expense)							(31		)
Income tax benefit (expense)							(38		)
Net income (loss) from continuing operations							$	1,954

				Three months ended December 31, 2012
(in thousands)				Westell			Total
Revenue				$	8,873		$	8,873
Cost of goods sold				5,783			5,783
Gross profit				3,090			3,090
Gross margin				34.8		%	34.8		%
Research and development				1,375			1,375
Segment profit				$	1,715		1,715
Operating expenses:
Sales and marketing							1,862
General and administrative							2,135
Restructuring							—
Intangible amortization							234
Operating income (loss)							(2,516		)
Other income (expense)							43
Income tax benefit (expense)							1,295
Net income (loss) from continuing operations							$	(1,178	)



	Nine months ended December 31, 2013
(in thousands)	Kentrox			Westell			Total
Revenue	$	42,812		$	34,840		$	77,652
Cost of goods sold	20,686			23,532			44,218
Gross profit	22,126			11,308			33,434
Gross margin	51.7		%	32.5		%	43.1		%
Research and development	2,757			5,088			7,845
Segment profit	$	19,369		$	6,220		25,589
Operating expenses:
Sales and marketing							10,812
General and administrative							10,200
Restructuring							273
Intangible amortization							3,588
Operating income (loss)							716
Other income (expense)							(63		)
Income tax benefit (expense)							(125		)
Net income (loss) from continuing operations							$	528

				Nine months ended December 31, 2012
(in thousands)				Westell			Total
Revenue				$	28,145		$	28,145
Cost of goods sold				18,833			18,833
Gross profit				9,312			9,312
Gross margin				33.1		%	33.1		%
Research and development				4,372			4,372
Segment profit				$	4,940		4,940
Operating expenses:
Sales and marketing							5,568
General and administrative							6,837
Restructuring							149
Intangible amortization							652
Operating income (loss)							(8,266		)
Other income (expense)							134
Income tax benefit (expense)							3,219
Net income (loss) from continuing operations							$	(4,913	)

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details