| Components of Segment Reporting |
Financial information relating to the reportable operating
segments for the three and nine months ended September 30,
2014 and 2013 is presented below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended September 30,
|
|
|
Nine Months Ended September 30,
|
|
| (in thousands) |
|
2014
|
|
|
2013
|
|
|
2014
|
|
|
2013
|
|
|
Revenues from external customers:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lighting Fixtures and Lamps
|
|
$ |
25,457 |
|
|
$ |
4,447 |
|
|
$ |
45,664 |
|
|
$ |
16,413 |
|
|
Lighting Signage and Media
|
|
|
1,420 |
|
|
|
866 |
|
|
|
3,680 |
|
|
|
2,569 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues from external customers
|
|
$ |
26,877 |
|
|
$ |
5,313 |
|
|
$ |
49,344 |
|
|
$ |
18,982 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment income (loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lighting Fixtures and Lamps
|
|
$ |
227 |
|
|
$ |
(1,554 |
) |
|
$ |
(3,499 |
) |
|
$ |
(1,886 |
) |
|
Lighting Signage and Media
|
|
|
144 |
|
|
|
11 |
|
|
|
(94 |
) |
|
|
(82 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment income (loss)
|
|
|
371 |
|
|
|
(1,543 |
) |
|
|
(3,593 |
) |
|
|
(1,968 |
) |
|
Unallocated amounts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate expenses
|
|
|
(1,116 |
) |
|
|
(1,513 |
) |
|
|
(3,799 |
) |
|
|
(5,297 |
) |
|
Change in fair value of embedded derivative
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(6,990 |
) |
|
Interest expense
|
|
|
(192 |
) |
|
|
(24 |
) |
|
|
(651 |
) |
|
|
(24 |
) |
|
Deferred income tax (provision) benefit
|
|
|
(496 |
) |
|
|
— |
|
|
|
5,468 |
|
|
|
— |
|
|
Other income
|
|
|
29 |
|
|
|
— |
|
|
|
11 |
|
|
|
746 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations
|
|
$ |
(1,404 |
) |
|
$ |
(3,080 |
) |
|
$ |
(2,564 |
) |
|
$ |
(13,533 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lighting Fixtures and Lamps
|
|
$ |
1,663 |
|
|
$ |
470 |
|
|
$ |
3,608 |
|
|
$ |
2,400 |
|
|
Lighting Signage and Media
|
|
|
79 |
|
|
|
56 |
|
|
|
237 |
|
|
|
171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment depreciation and amortization
|
|
|
1,742 |
|
|
|
526 |
|
|
|
3,845 |
|
|
|
2,571 |
|
|
Corporate depreciation and amortization
|
|
|
8 |
|
|
|
6 |
|
|
|
13 |
|
|
|
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total depreciation and amortization
|
|
$ |
1,750 |
|
|
$ |
532 |
|
|
$ |
3,858 |
|
|
$ |
2,588 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segment Assets |
Segment assets on the dates indicated comprise the following:
|
|
|
|
|
|
|
|
|
| (in
thousands) |
|
September 30, 2014 |
|
|
December 31, 2013 |
|
|
Lighting Fixtures and lamps
|
|
$ |
109,336 |
|
|
$ |
50,553 |
|
|
Lighting Signage and Media
|
|
|
5,414 |
|
|
|
6,960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
114,750 |
|
|
|
57,513 |
|
|
Elimination of intercompany receivables
|
|
|
(75 |
) |
|
|
(14,231 |
) |
|
Corporate assets, principally cash
|
|
|
814 |
|
|
|
8,955 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
115,489 |
|
|
$ |
52,237 |
|
|
|
|
|
|
|
|
|
|