| Components of Segment Reporting |
Financial information relating to the reportable operating segments
for the three and six months ended June 30, 2014 and 2013 is
presented below:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2014 |
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2013 |
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2014 |
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2013 |
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Revenues from external customers:
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Lighting Fixtures and Lamps
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$ |
16,206 |
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$ |
6,505 |
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$ |
20,209 |
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$ |
11,966 |
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Lighting Signage and Media
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1,311 |
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852 |
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2,250 |
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1,703 |
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Total revenues from external customers
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$ |
17,517 |
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$ |
7,357 |
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$ |
22,459 |
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$ |
13,669 |
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Segment (loss) income:
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Lighting Fixtures and Lamps
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$ |
(1,860 |
) |
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$ |
354 |
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$ |
(3,754 |
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$ |
414 |
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Lighting Signage and Media
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(39 |
) |
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(23 |
) |
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(260 |
) |
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(93 |
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Segment (loss) income
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(1,899 |
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331 |
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(4,014 |
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321 |
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Unallocated amounts:
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Corporate expenses
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(1,287 |
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(1,645 |
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(2,634 |
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(3,787 |
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Change in fair value of embedded derivative
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— |
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(3,821 |
) |
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— |
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(6,990 |
) |
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Interest expense
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(359 |
) |
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— |
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(459 |
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— |
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Deferred income tax benefit
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5,964 |
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5,964 |
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Other income (expense)
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(9 |
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— |
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(17 |
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3 |
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Loss from continuing operations
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$ |
2,410 |
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$ |
(5,135 |
) |
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$ |
(1,160 |
) |
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$ |
(10,453 |
) |
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Depreciation and amortization:
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Lighting Fixtures and Lamps
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$ |
1,450 |
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$ |
1,005 |
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$ |
1,917 |
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$ |
1,930 |
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Lighting Signage and Media
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73 |
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57 |
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158 |
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115 |
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Segment depreciation and amortization
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1,523 |
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1,062 |
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2,075 |
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2,045 |
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Corporate depreciation and amortization
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2 |
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6 |
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5 |
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11 |
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Total depreciation and amortization
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$ |
1,525 |
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$ |
1,068 |
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$ |
2,080 |
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$ |
2,056 |
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| Segment Assets |
Segment assets on the dates indicated comprise the following:
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June 30, 2014 |
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December 31, 2013 |
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Lighting Fixtures and lamps
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$ |
103,615 |
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$ |
50,553 |
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Lighting Signage and Media
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5,055 |
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6,960 |
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108,670 |
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57,513 |
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Elimination of intercompany receivables
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(104 |
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(14,231 |
) |
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Corporate assets, principally cash
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1,500 |
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8,955 |
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$ |
110,066 |
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$ |
52,237 |
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