| Schedule of Quarterly Financial Information [Table Text Block] |
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Fiscal Year 2014 Quarter Ended |
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June 30, 2013 |
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Sept. 30, 2013 |
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Dec. 31, 2013 |
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Mar. 31, 2014 |
(in thousands, except per share amounts) |
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Revenue |
$ |
22,456 |
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$ |
29,960 |
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$ |
25,236 |
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$ |
24,421 |
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Gross profit |
8,776 |
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12,423 |
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12,235 |
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8,524 |
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Total operating expenses |
11,377 |
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11,129 |
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10,212 |
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12,554 |
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Income (loss) before income taxes and discontinued operations |
(2,731 |
) |
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1,392 |
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1,992 |
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(4,023 |
) |
Income tax (expense) benefit |
(19 |
) |
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(68 |
) |
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(38 |
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8,907 |
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Net income (loss) from continuing operations |
(2,750 |
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1,324 |
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1,954 |
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4,884 |
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Income (loss) from discontinued operations, net of tax |
(14 |
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4 |
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(29 |
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(6 |
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Net income (loss) |
(2,764 |
) |
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1,328 |
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1,925 |
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4,878 |
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Net income (loss) per common share: |
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Basic |
$ |
(0.05 |
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$ |
0.02 |
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$ |
0.03 |
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$ |
0.08 |
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Diluted |
$ |
(0.05 |
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$ |
0.02 |
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$ |
0.03 |
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$ |
0.08 |
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The Company acquired Kentrox on April 1, 2013 and CSI on March 1, 2014. In the fourth quarter of fiscal 2014, deferred tax liabilities of $9.1 million resulted from the acquisitions relating primarily to acquired intangible assets. The Company's anticipated ability to realize deferred tax assets from the reversal of these deferred tax liabilities resulted in a reversal of valuation allowance which was recorded in the fourth quarter of fiscal year 2014.
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Fiscal Year 2013 Quarter Ended |
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June 30, 2012 |
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Sept. 30, 2012 |
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Dec. 31, 2012 |
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Mar. 31, 2013 |
(in thousands, except per share amounts) |
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Revenue |
$ |
9,418 |
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$ |
9,854 |
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$ |
8,873 |
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$ |
10,663 |
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Gross profit |
2,773 |
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3,449 |
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3,090 |
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4,013 |
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Total operating expenses |
6,271 |
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5,701 |
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5,606 |
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9,072 |
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Income (loss) before income taxes and discontinued operations |
(3,414 |
) |
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(2,245 |
) |
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(2,473 |
) |
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(5,018 |
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Income tax (expense) benefit |
1,247 |
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|
677 |
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1,295 |
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(32,611 |
) |
Net income (loss) from continuing operations |
(2,167 |
) |
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(1,568 |
) |
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(1,178 |
) |
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(37,629 |
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Income (loss) from discontinued operations, net of tax |
427 |
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(607 |
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(787 |
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(529 |
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Net income (loss) |
(1,740 |
) |
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(2,175 |
) |
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(1,965 |
) |
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(38,158 |
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Net income (loss) per common share: |
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Basic |
$ |
(0.03 |
) |
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$ |
(0.04 |
) |
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$ |
(0.03 |
) |
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$ |
(0.66 |
) |
Diluted |
$ |
(0.03 |
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$ |
(0.04 |
) |
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$ |
(0.03 |
) |
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$ |
(0.66 |
) |
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