Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

Segment Information (Tables)

12 Months Ended

Mar. 31, 2014

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment[Table Text Block]

Segment information for the fiscal years ended March 31, 2014, 2013 and 2012, is set forth below:



	Fiscal Year Ended March 31, 2014
(in thousands)	CSI			Kentrox			Westell			Total
Revenue	$	3,676		$	46,174		$	52,223		$	102,073
Gross profit	1,364			23,517			17,077			41,958
Gross margin	37.1		%	50.9		%	32.7		%	41.1		%
Research & development	625			3,778			6,936			11,339
Segment profit	$	739		$	19,739		$	10,141		30,619
Operating expenses:
Sales & marketing										14,663
General & administrative										14,027
Intangible amortization										4,908
Restructuring										335
Operating income (loss)										(3,314		)
Other income (expense), net										(56		)
Income tax (expense) benefit										8,782
Net income (loss) from continuing operations										$	5,412

							Fiscal Year Ended March 31, 2013
(in thousands)							Westell			Total
Revenue							$	38,808		$	38,808
Gross profit							13,325			13,325
Gross margin							34.3		%	34.3		%
Research & development							5,928			5,928
Segment profit							$	7,397		7,397
Operating expenses:
Sales & marketing										7,492
General & administrative										9,310
Intangible amortization										887
Restructuring										149
Goodwill impairment										2,884
Operating income (loss)										(13,325		)
Other income (expense), net										175
Income tax (expense) benefit										(29,392		)
Net income (loss) from continuing operations										$	(42,542	)



	Fiscal Year Ended March 31, 2012
(in thousands)	Westell			Total
Revenue	$	43,629		$	43,629
Gross profit	17,172			17,172
Gross margin	39.4		%	39.4		%
Research & development	5,460			5,460
Segment profit	$	11,712		11,712
Operating expenses:
Sales & marketing				5,843
General & administrative				6,996
Intangible amortization				544
Restructuring				276
Operating income (loss)				(1,947		)
Other income (expense), net				331
Income tax (expense) benefit				686
Net income (loss) from continuing operations				$	(930	)

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Significant Customers and Concentration of Credit

The Company is dependent on certain major companies operating in telecommunications markets that represent more than 10% of the total revenue. Sales to major customers and successor companies that exceed 10% of total revenue are as follows:



	Fiscal Year Ended March 31,
	2014		2013		2012
Verizon	23.9	%	17.1	%	17.6	%
Telamon	30.3	%	12.4	%	14.3	%
AT&T	8.8	%	8.7	%	10.4	%
Time Warner Cable	2.3	%	10.4	%	3.1	%

Schedule of Major Customer Accounts Receivable [Table Text Block]

Major companies operating in telecommunications markets comprise a significant portion of the Company’s trade receivables. Receivables from major customers that exceed 10% of total accounts receivable balance are as follows:



	Fiscal Year Ended March 31,
	2014		2013
Verizon	30.6	%	11.4	%
Telamon	8.5	%	12.6	%
AT&T	16.7	%	5.5	%
Time Warner Cable	1.4	%	19.8	%

- 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