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Document and Entity Information
6 Months Ended
Sep. 29, 2013
Oct. 30, 2013
Document and Entity Information [Abstract] ' '
Entity Registrant Name 'TESSCO TECHNOLOGIES INC '
Entity Central Index Key '0000927355 '
Current Fiscal Year End Date '--03-30 '
Entity Well-known Seasoned Issuer 'No '
Entity Voluntary Filers 'No '
Entity Current Reporting Status 'Yes '
Entity Filer Category 'Accelerated Filer '
Entity Common Stock, Shares Outstanding ' 8,230,450
Document Fiscal Year Focus '2014 '
Document Fiscal Period Focus 'Q2 '
Document Type '10-Q '
Amendment Flag 'false '
Document Period End Date Sep 29, 2013 '
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Consolidated Balance Sheets (unaudited) (USD $)
Sep. 29, 2013
Mar. 31, 2013
Current assets: ' '
Cash and cash equivalents $ 3,230,500 $ 4,468,000
Trade accounts receivable, net 75,059,700 82,177,600
Product inventory, net 66,221,700 60,913,600
Deferred tax assets 6,220,200 6,227,300
Prepaid expenses and other current assets 2,613,000 3,482,300
Total current assets 153,345,100 157,268,800
Property and equipment, net 22,788,400 23,202,000
Goodwill, net 11,684,700 11,684,700
Other long-term assets 2,132,200 2,144,500
Total assets 189,950,400 194,300,000
Current liabilities: ' '
Trade accounts payable 58,815,400 65,209,300
Payroll, benefits and taxes 7,395,000 11,678,500
Income and sales tax liabilities 2,368,600 2,530,700
Accrued expenses and other current liabilities 1,072,600 1,048,900
Revolving line of credit 0 0
Current portion of long-term debt 249,900 249,700
Total current liabilities 69,901,500 80,717,100
Deferred tax liabilities 3,951,800 3,951,800
Long-term debt, net of current portion 2,331,300 2,458,300
Other long-term liabilities 4,112,100 4,370,200
Total liabilities 80,296,700 91,497,400
Commitments and Contingencies '   '  
Shareholders' equity: ' '
Preferred stock, $0.01 par value, 500,000 shares authorized and no shares issued and outstanding 0 0
Common stock $0.01 par value, 15,000,000 shares authorized, 13,597,005 shares issued and 8,156,377 shares outstanding as of September 29, 2013, and 13,362,398 shares issued and 7,987,900 shares outstanding as of March 31, 2013 94,000 91,500
Additional paid-in capital 52,843,400 50,481,600
Treasury stock, at cost, shares 5,440,628 outstanding as of September 29, 2013 and 5,374,498 shares outstanding as of March 31, 2013 (49,866,700) (48,438,300)
Retained earnings 106,583,000 100,667,800
Total shareholders' equity 109,653,700 102,802,600
Total liabilities and shareholders' equity $ 189,950,400 $ 194,300,000
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Consolidated Balance Sheets (unaudited) (Parenthetical) (USD $)
Sep. 29, 2013
Mar. 31, 2013
Shareholders' equity: ' '
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares) 500,000 500,000
Preferred stock, issued (in shares) 0 0
Preferred stock, outstanding (in shares) 0 0
Common stock, par value (in dollars shares) $ 0.01 $ 0.01
Common stock, authorized (in shares) 15,000,000 15,000,000
Common stock, issued (in shares) 13,597,005 13,362,398
Common stock, outstanding (in shares) 8,156,377 7,987,900
Treasury stock (in shares) 5,440,628 5,374,498
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Unaudited Consolidated Statements of Income (USD $)
3 Months Ended 6 Months Ended
Sep. 29, 2013
Sep. 30, 2012
Sep. 29, 2013
Sep. 30, 2012
Unaudited Consolidated Statements of Income [Abstract] ' ' ' '
Revenues $ 146,526,000 $ 197,238,300 $ 290,634,800 $ 389,656,500
Cost of goods sold 110,033,200 158,613,300 218,704,100 315,538,300
Gross profit 36,492,800 38,625,000 71,930,700 74,118,200
Selling, general and administrative expenses 28,903,400 29,887,000 57,377,500 58,449,400
Income from operations 7,589,400 8,738,000 14,553,200 15,668,800
Interest, net 67,000 12,000 121,600 69,400
Income before provision for income taxes 7,522,400 8,726,000 14,431,600 15,599,400
Provision for income taxes 2,941,300 3,457,100 5,558,300 6,124,000
Net income $ 4,581,100 $ 5,268,900 $ 8,873,300 $ 9,475,400
Basic earnings per share (in dollars per share) $ 0.56 $ 0.66 $ 1.09 $ 1.19
Diluted earnings per share (in dollars per share) $ 0.55 $ 0.64 $ 1.06 $ 1.15
Cash dividends declared per common share (in dollars per share) $ 0.18 $ 0.18 $ 0.36 $ 0.36
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Unaudited Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Sep. 29, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES: ' '
Net income $ 8,873,300 $ 9,475,400
Adjustments to reconcile net income to net cash provided by (used in) operating activities: ' '
Depreciation and amortization 2,474,200 2,495,100
Non-cash stock-based compensation expense 1,096,900 1,102,700
Deferred income taxes and other 6,500 (16,500)
Change in trade accounts receivable 7,117,900 (4,996,300)
Change in product inventory (5,308,100) (22,929,500)
Change in prepaid expenses and other current assets 869,300 (1,841,400)
Change in trade accounts payable (6,393,900) 30,088,300
Change in payroll, benefits and taxes (4,283,500) (8,744,000)
Change in income and sales tax liabilities (162,100) (883,600)
Change in accrued expenses and other current liabilities 273,400 145,800
Net cash provided by operating activities 4,563,900 3,896,000
CASH FLOWS FROM INVESTING ACTIVITIES: ' '
Purchases of property and equipment (2,305,800) (2,539,800)
Net cash used in investing activities (2,305,800) (2,539,800)
CASH FLOWS FROM FINANCING ACTIVITIES: ' '
Payments on long-term debt (126,800) (124,500)
Proceeds from issuance of common stock 112,400 90,900
Cash dividends paid (2,958,100) (2,889,500)
Purchases of treasury stock and repurchases of common stock from employees and directors for minimum tax withholdings (1,428,400) (1,799,000)
Excess tax benefit from stock-based compensation 905,300 2,140,200
Net cash used in financing activities (3,495,600) (2,581,900)
Net decrease in cash and cash equivalents (1,237,500) (1,225,700)
CASH AND CASH EQUIVALENTS, beginning of period 4,468,000 18,211,600
CASH AND CASH EQUIVALENTS, end of period $ 3,230,500 $ 16,985,900
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Description of Business and Basis of Presentation
6 Months Ended
Sep. 29, 2013
Description of Business and Basis of Presentation [Abstract] '
Description of Business and Basis of Presentation '
Note 1. Description of Business and Basis of Presentation

TESSCO Technologies Incorporated, a Delaware corporation (TESSCO, we, or the Company), architects and delivers innovative product and value chain solutions to support wireless broadband systems. The Company provides marketing and sales services, knowledge and supply chain management, product-solution delivery and control systems, utilizing extensive Internet and information technology. Approximately 98% of the Company’s sales are made to customers in the United States. The Company takes orders in several ways, including phone, fax, online and through electronic data interchange. Over 99% of the Company’s sales are made in United States Dollars.

In management’s opinion, the accompanying interim consolidated financial statements of the Company include all adjustments, consisting only of normal, recurring adjustments, necessary for a fair presentation of the Company’s financial position for the interim periods presented. These statements are presented in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in the Company’s annual financial statements have been omitted from these statements, as permitted under the applicable rules and regulations. The results of operations presented in the accompanying interim consolidated financial statements are not necessarily representative of operations for an entire year. The information included in this Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013.
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Stock-Based Compensation
6 Months Ended
Sep. 29, 2013
Stock-Based Compensation [Abstract] '
Stock-Based Compensation '
Note 2. Stock-Based Compensation

The Company’s selling, general and administrative expenses for the fiscal quarter and six months ended September 29, 2013 includes $517,000 and $1,096,900 respectively, of non-cash stock-based compensation expense. The Company’s selling, general and administrative expenses for the fiscal quarter and six months ended September 30, 2012 includes $764,900 and $1,102,700 respectively, of non-cash stock-based compensation expense. Stock-based compensation expense is primarily related to our Performance Stock Unit (PSU) Program. In addition, the Company recorded an excess tax benefit directly to shareholders’ equity of $905,300 and $2,140,200, primarily related to the PSUs which vested during the six months ended September 29, 2013 and September 30, 2012, respectively.

Performance Stock Units: The following table summarizes the activity under the Company’s PSU program for the first six months of fiscal 2014:

 
 
Six Months
Ended
September
29, 2013
  
Weighted
Average Fair
Value at Grant
Date
 
Unvested shares available for issue under outstanding PSUs, beginning of period
  
455,979
  
$
12.77
 
PSU’s Granted
  
111,000
   
19.80
 
PSU’s Vested
  
(198,130
)
  
10.20
 
PSU’s Forfeited/Cancelled
  
(48,089
)
  
16.71
 
Unvested shares available for issue under outstanding PSUs, end of period
  
320,760
  
$
15.95
 

Of the 320,760 shares available for issuance under outstanding PSUs but not yet vested as of September 29, 2013, 213,760 shares have been earned, and assuming the respective participants remain employed by or associated with the Company on these dates, the shares earned in respect of each measurement year will vest and be issued in installments beginning on or about May 1 of the fiscal year following the applicable measurement year and continuing on or about May 1 of each of the three immediately following fiscal years.

During fiscal 2014, the Compensation Committee of the Board of Directors, with the concurrence of the full Board of Directors, granted additional PSUs to select key employees, providing them with the opportunity to earn up to 111,000 additional shares of the Company’s common stock in the aggregate, depending upon whether certain threshold or goal earnings per share targets are met, and subject to individual performance. These PSUs have a one year measurement period (fiscal 2014), with any shares earned at the end of fiscal 2014 to vest and be issued ratably on or about May 1 of each of 2014, 2015, 2016 and 2017, provided that the respective participants remain employed by the Company on each such date.

The PSUs cancelled during fiscal 2014 primarily related to the fiscal 2013 grant of PSUs, which had a one year measurement period (fiscal 2013). The PSUs were cancelled because the applicable fiscal 2013 performance targets were not fully satisfied. Per the provisions of the 1994 Plan, the shares related to these forfeited and cancelled PSUs were added back to the 1994 Plan and became available for future issuance.

If the maximum number of PSUs granted in fiscal 2014 is assumed to be earned, total unrecognized compensation costs, on these PSUs plus all earned but unvested PSU’s would be approximately $2.8 million, net of estimated forfeitures, as of September 29, 2013, and would be expensed through fiscal 2017. To the extent the actual forfeiture rate is different from what is anticipated, stock-based compensation related to these awards will be different from the Company’s expectations.

Restricted Stock: In fiscal 2007, the Company granted 225,000 shares of the Company’s common stock to its Chairman and Chief Executive Officer as a restricted stock award under the 1994 Plan. These shares are issued and vest (subject to the risk of forfeiture) ratably over ten fiscal years based on service, beginning on the last day of fiscal 2007 and ending on the last day of fiscal 2016, subject, however, to the terms applicable to the award, including terms providing for possible acceleration of vesting upon death, disability, change in control or certain other events. The fair value for these shares at the grant date was $10.56. As of September 29, 2013, 67,500 shares remained unvested, and there was no activity related to these restricted shares during the first six months of fiscal 2014. As of September 29, 2013, there was approximately $0.6 million of total unrecognized compensation costs, net of estimated forfeitures, related to this issuance of restricted stock. Unrecognized compensation costs are expected to be recognized ratably over a remaining period of approximately three years.

On April 25, 2011, May 3, 2012 and May 14, 2013 an aggregate of 36,000, 20,100, and 15,000, restricted stock awards, respectively, were granted to the non-employee directors of the Company. These awards provide for the issuance of shares of the Company’s common stock in accordance with a four year annual vesting schedule, provided that the director remains associated with the Company (or meets other criteria as prescribed in the applicable award agreement) on each such date.  As of September 29, 2013, there was approximately $0.6 million of total unrecognized compensation cost, net of estimated forfeitures, related to the issuance of these restricted stock awards.

PSUs and RSUs are expensed based on the grant date fair value, calculated as the closing price of TESSCO common stock as reported by NASDAQ on the date of grant minus the present value of dividends expected to be paid on the common stock before the award vests, because dividends or dividend-equivalent amounts do not accrue and are not paid on unvested PSUs and RSUs.

To the extent the actual forfeiture rates are different from what is estimated, stock-based compensation related to the restricted awards will be different from the Company’s expectations.
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Fair Value of Financial Instruments
6 Months Ended
Sep. 29, 2013
Fair Value of Financial Instruments [Abstract] '
Fair Value of Financial Instruments '
Note 3. Fair Value of Financial Instruments

The Company complies with the FASB standard regarding fair value measurement and disclosure requirements for assets and liabilities carried at fair value.  Accordingly, assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:

·Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.
·Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, and quoted prices for identical or similar assets or liabilities in markets that are not active.
·Level 3: Unobservable inputs for the asset or liability that reflect the reporting entity’s own assumptions about the inputs used in pricing the asset or liability.

The Company had no assets or liabilities recorded at fair value as of September 29, 2013 or as of March 31, 2013.

The carrying amounts of cash and cash equivalents, trade accounts receivable, product inventory, trade accounts payable, accrued expenses and other current liabilities approximate their fair values as of September 29, 2013 and March 31, 2013 due to their short term nature. As of September 29, 2013 and March 31, 2013 our revolving debt facility had a zero balance.

Fair value of long-term debt is calculated using current market interest rates, which we consider to be a Level 2 input as described in the fair value accounting guidance on fair value measurements, and future principle payments, as of September 29, 2013 and March 31, 2013 is estimated as follows:

 
 
September 29, 2013
  
March 31, 2013
 
 
 
Carrying
Amount
  
Fair
Value
  
Carrying Amount
  
Fair
Value
 
Note payable to a bank
 
$
2,437,500
  
$
2,281,700
  
$
2,550,000
  
$
2,361,500
 
Note payable to Baltimore County
 
$
143,700
  
$
135,000
  
$
158,000
  
$
145,300
 
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Income Taxes
6 Months Ended
Sep. 29, 2013
Income Taxes [Abstract] '
Income Taxes '
Note 4. Income Taxes

As of September 29, 2013, the Company had a gross amount of unrecognized tax benefits of $579,100 ($376,400 net of federal benefit).  As of March 31, 2013, the Company had a gross amount of unrecognized tax benefits of $631,100 ($416,500 net of federal benefit).

The Company’s accounting policy with respect to interest and penalties related to tax uncertainties is to classify these amounts as income taxes. The total amount of interest and penalties related to tax uncertainties recognized in the consolidated statement of income for the first six months of our fiscal 2014 was a benefit of $3,800 (net of federal benefit) due to the expiration of a statute of limitations relating to an uncertain tax position. The cumulative amount included in the consolidated balance sheet as of September 29, 2013 was $309,600 (net of federal benefit). The total amount of interest and penalties related to tax uncertainties recognized in the consolidated statement of income for the first six months of our fiscal 2013 was $35,600 (net of federal benefit) and the cumulative amount included in the consolidated balance sheet as of March 31, 2013 was $309,000 (net of federal benefit).

A reconciliation of the changes in the gross balance of unrecognized tax benefits, excluding interest is as follows:

 
 
 
Beginning balance at March 31, 2013 of unrecognized tax benefit
 
$
631,100
 
Reversal related to statute expiration
  
(67,400
)
Increases related to current period tax positions
  
15,400
 
Ending balance at September 29, 2013 of unrecognized tax benefits
 
$
579,100
 
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Earnings Per Share
6 Months Ended
Sep. 29, 2013
Earnings Per Share [Abstract] '
Earnings Per Share '
Note 5. Earnings Per Share

The Company calculates earnings per share considering the FASB standard regarding accounting for participating securities, which requires the Company to use the two-class method to calculate earnings per share. Under the two-class method, earnings per common share is computed by dividing the sum of the distributed earnings to common shareholders and undistributed earnings allocated to common shareholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, undistributed earnings are allocated to both common shares and participating securities based on the weighted average shares outstanding during the period.

The following table presents the calculation of basic and diluted earnings per common share (in thousands, except per share amounts):

Amounts in thousands, except per share amounts
 
Fiscal Quarter Ended
  
Six Months Ended
 
 
 
September 29,
2013
  
September 30,
2012
  
September 29,
2013
  
September 30,
2012
 
Earnings per share – Basic:
 
  
  
  
 
Net earnings
 
$
4,581
  
$
5,269
  
$
8,873
  
$
9,475
 
Less: Distributed and undistributed earnings allocated to nonvested stock
  
(38
)
  
(59
)
  
(73
)
  
(106
)
Earnings available to common shareholders – Basic
 
$
4,543
  
$
5,210
  
$
8,800
  
$
9,369
 
 
                
Weighted average common shares outstanding – Basic
  
8,149
   
7,935
   
8,109
   
7,901
 
 
                
Earnings per common share – Basic
 
$
0.56
  
$
0.66
  
$
1.09
  
$
1.19
 
 
                
Earnings per share – Diluted:
                
Net earnings
 
$
4,581
  
$
5,269
  
$
8,873
  
$
9,475
 
Less: Distributed and undistributed earnings allocated to nonvested stock
  
(37
)
  
(58
)
  
(60
)
  
(88
)
Earnings available to common shareholders – Diluted
 
$
4,544
  
$
5,211
  
$
8,813
  
$
9,387
 
 
                
Weighted average common shares outstanding – Basic
  
8,149
   
7,935
   
8,109
   
7,901
 
Effect of dilutive options
  
149
   
228
   
172
   
256
 
Weighted average common shares outstanding – Diluted
  
8,298
   
8,163
   
8,281
   
8,157
 
 
                
Earnings per common share – Diluted
 
$
0.55
  
$
0.64
  
$
1.06
  
$
1.15
 
 
                
Anti-dilutive equity awards not included above
  
--
   
--
   
--
   
--
 

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Business Segments
6 Months Ended
Sep. 29, 2013
Business Segments [Abstract] '
Business Segments '
Note 6. Business Segments

Beginning in the first quarter of fiscal year 2014, the Company modified the structure of its internal organization in order to streamline its operations and have all sales operations report to one individual. Each of the Company’s product lines are sold to each of its customer markets; assets are not segmented; and support resources are shared between all sales teams.  As a result of this modification, the Company concluded that changes to its reportable segments were warranted. The Company now evaluates its business as one segment, as the chief operating decision maker reviews results as one unit. However, to provide investors with increased visibility into the markets it serves, the Company also reports revenue and gross profit by the following customer market units:  (1) public carriers, contractors and program managers that are generally responsible for building and maintaining the infrastructure system and provide airtime service to individual subscribers; (2) private system operators and governments including commercial entities such as major utilities and transportation companies, federal agencies and state and local governments that run wireless networks for their own use; (3) commercial dealers and resellers that sell, install and/or service cellular telephone, wireless networking, broadband and two-way radio communications equipment primarily for the enterprise market;  (4) retailers, dealer agents and carriers; and (5) our Major 3PL relationship that was fully transitioned at the end of fiscal year 2013. All prior periods have been restated to reflect this change.

The Company evaluates revenue, gross profit, net profit contribution and income before provision for income taxes.  Net profit contribution is defined as gross profit less any expenses that can be directly attributed.  This includes sales, product management, purchasing, credit and collections and distribution team expenses, plus freight out and internal and external marketing costs.  Corporate support expenses include administrative costs – finance, human resources, information technology, operating facility occupancy expenses, depreciation, amortization and interest, plus the company-wide pay for performance bonus expense.

Certain cost of sales and other applicable expenses have been allocated to each market unit based on a percentage of revenues and/or gross profit, where appropriate.

Market unit activity for the second quarter and first six months of fiscal years 2014 and 2013 is as follows (in thousands):

 
 
Three Months Ended
 
 
 
September 29,
2013
  
September 30,
2012
 
Revenues
 
  
 
Public Carriers, Contractors & Program Managers
 
$
40,948
  
$
25,811
 
Private & Government System Operators
  
31,059
   
34,264
 
Commercial Dealers & Resellers
  
36,433
   
35,655
 
Retailer, Independent Dealer Agents & Carriers
  
38,086
   
43,843
 
Revenue, excluding Major 3PL relationship
  
146,526
   
139,573
 
Major 3PL relationship
  
--
   
57,665
 
Total revenues
  
146,526
   
197,238
 
 
        
Gross Profit
        
Public Carriers, Contractors & Program Managers
  
9,015
   
5,635
 
Private & Government System Operators
  
8,377
   
9,238
 
Commercial Dealers & Resellers
  
10,093
   
9,801
 
Retailer, Independent Dealer Agents & Carriers
  
9,008
   
9,386
 
Gross profit, excluding Major 3PL relationship
  
36,493
   
34,060
 
Major 3PL relationship
  
--
   
4,565
 
Total gross profit
  
36,493
   
38,625
 
 
        
Direct expenses
  
17,797
   
18,085
 
Segment net profit contribution
  
18,696
   
20,540
 
Corporate support expenses
  
11,174
   
11,814
 
Income before provision for income taxes
 $
7,522
  
$
8,726
 

 
 
Six Months Ended
 
 
 
September 29,
2013
  
September 30,
2012
 
Revenues
 
  
 
Public Carriers, Contractors & Program Managers
 
$
78,331
  
$
45,829
 
Private & Government System Operators
  
58,952
   
63,864
 
Commercial Dealers & Resellers
  
72,477
   
67,263
 
Retailer, Independent Dealer Agents & Carriers
  
80,875
   
85,033
 
Revenue, excluding Major 3PL relationship
  
290,635
   
261,989
 
Major 3PL relationship
  
--
   
127,668
 
Total revenues
  
290,635
   
389,657
 
 
        
Gross Profit
        
Public Carriers, Contractors & Program Managers
  
16,909
   
10,093
 
Private & Government System Operators
  
16,178
   
17,391
 
Commercial Dealers & Resellers
  
20,340
   
18,599
 
Retailer, Independent Dealer Agents & Carriers
  
18,504
   
18,072
 
Gross profit, excluding Major 3PL relationship
  
71,931
   
64,155
 
Major 3PL relationship
  
--
   
9,963
 
Total gross profit
  
71,931
   
74,118
 
 
        
Direct expenses
  
35,412
   
35,342
 
Segment net profit contribution
  
36,519
   
38,776
 
Corporate support expenses
  
22,087
   
23,177
 
Income before provision for income taxes
 $
14,432
  
$
15,599
 

The Company also reviews revenue and gross profit by its four product categories:

·Base station infrastructure products are used to build, repair and upgrade wireless telecommunications. Products include base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, miscellaneous hardware, and mobile antennas. Our base station infrastructure service offering includes connector installation, custom jumper assembly, site kitting and logistics integration.

·Network systems products are used to build and upgrade computing and Internet networks.  Products include fixed and mobile broadband equipment, wireless networking, filtering systems, two-way radios and security and surveillance products.  This product category also includes training classes, technical support and engineering design services.

·Installation, test and maintenance products are used to install, tune, maintain and repair wireless communications equipment. Products include sophisticated analysis equipment and various frequency-, voltage- and power-measuring devices, as well as an assortment of tools, hardware, GPS, safety and replacement and component parts and supplies required by service technicians.

·Mobile device accessories include cellular phone and data device accessories such as replacement batteries, cases, speakers, mobile amplifiers, power supplies, headsets, mounts, car antennas, music accessories and data and memory cards. Retail merchandising displays, promotional programs, customized order fulfillment services and affinity-marketing programs, including private label Internet sites, complement our mobile devices and accessory product offering.

Supplemental revenue and gross profit information by product category for the second quarter and first six months of fiscal years 2014 and 2013 are as follows (in thousands):

 
 
Three months ended
September 29, 2013
  
Three months ended
September 30, 2012
 
Revenues
 
  
 
Base station infrastructure
 
$
67,888
  
$
57,034
 
Network systems
  
21,838
   
22,166
 
Installation, test and maintenance
  
12,588
   
12,140
 
Mobile device accessories
  
44,212
   
105,898
 
Total revenues
 
$
146,526
  $
197,238
 
 
        
Gross Profit
        
Base station infrastructure
 
$
18,765
  
$
16,756
 
Network systems
  
3,745
   
3,980
 
Installation, test and maintenance
  
2,780
   
2,826
 
Mobile device accessories
  
11,203
   
15,063
 
Total gross profit
 
$
36,493
  
$
38,625
 

 
 
Six months ended
September 29, 2013
  
Six months ended
September 30, 2012
 
Revenues
 
  
 
Base station infrastructure
 
$
137,429
  
$
106,180
 
Network systems
  
40,901
   
39,902
 
Installation, test and maintenance
  
22,350
   
22,780
 
Mobile device accessories
  
89,955
   
220,795
 
Total revenues
 
$
290,635
  $
389,657
 
 
        
Gross Profit
        
Base station infrastructure
 
$
37,654
  
$
31,160
 
Network systems
  
7,563
   
7,638
 
Installation, test and maintenance
  
5,130
   
5,366
 
Mobile device accessories
  
21,584
   
29,954
 
Total gross profit
 
$
71,931
  
$
74,118
 
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Stock Buyback
6 Months Ended
Sep. 29, 2013
Stock Buyback [Abstract] '
Stock Buyback '
Note 7. Stock Buyback

On April 28, 2003, the Company’s Board of Directors approved a stock buyback program. As of September 29, 2013, the Board of Directors had authorized the purchase of up to 3,593,350 shares of outstanding common stock under the stock buyback program. Shares may be purchased from time to time in the open market, by block purchase, or through negotiated transactions, or possibly other transactions managed by broker-dealers. No time limit has been set for completion or expiration of the program. As of September 29, 2013, the Company had purchased 3,505,187 shares under the stock buyback program for approximately $30.7 million, or an average of $8.76 per share. Of the total shares repurchased under the stock buyback program, none were purchased during fiscal 2013 or the first six months of fiscal 2014. As of September 29, 2013, 88,163 shares remained available for repurchase under this program.

The Company also withholds shares from its employees and directors at their request, equal to the minimum federal and state tax withholdings related to vested performance stock units, stock option exercises and restricted stock awards. For the six months ended September 29, 2013 and September 30, 2012 the allocated value of the shares withheld totaled $1,428,400 and $1,799,000, respectively.
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Concentration of Risk
6 Months Ended
Sep. 29, 2013
Concentration of Risk [Abstract] '
Concentration of Risk '
Note 8. Concentration of Risk

The Company’s future results could be negatively impacted by the loss of certain customer and/or vendor relationships. For the fiscal quarter and six months ended September 29, 2013, no customer accounted for more than 4% and 5% of total consolidated revenues, respectively. For the fiscal quarter and six months ended September 30, 2012, sales of products to AT&T Mobility Inc. (“AT&T”), accounted for 31% and 34% of total revenue, respectively. In April 2012, we were notified by AT&T of their intention to transition their third party logistics retail store supply chain business away from us beginning in the second quarter of our fiscal 2013. As of the close of our fiscal 2013, this business was fully transitioned.
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Subsequent Events
6 Months Ended
Sep. 29, 2013
Subsequent Events [Abstract] '
Subsequent Events '
Note 9. Subsequent Events
 
On October 16, 2013 the Company and its primary operating subsidiaries, as borrowers, executed and delivered a Ninth Modification Agreement (the “Ninth Modification Agreement”), dated as of October 16, 2013, with SunTrust Bank and Wells Fargo, National Association, amending the Credit Agreement and related promissory note for the Company’s existing unsecured revolving credit facility.

Pursuant to the Ninth Modification Agreement, the term of the revolving credit facility, as so modified, was extended to October 1, 2016. The Ninth Modification Agreement also provides for a decrease in the applicable margins (from a range of 2.25% to 3.25% to a new  range of 1.50% to 2.50%) and unused facility fees. In addition, the amount of allowable dividend payments under the credit facility was increased from $6.25 million to $8.0 million in any 12 month period, assuming continued compliance with the otherwise applicable terms. The financial covenants in the Credit Agreement for the Company’s unsecured revolving credit facility are also applicable to the Company’s existing term loan with the same lenders.  Accordingly, the Ninth Modification Agreement also had the effect of amending the financial covenants applicable to the term loan.
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Stock-Based Compensation (Tables)
6 Months Ended
Sep. 29, 2013
Stock-Based Compensation [Abstract] '
Nonvested Performance-based Units Activity '
Performance Stock Units: The following table summarizes the activity under the Company’s PSU program for the first six months of fiscal 2014:

 
 
Six Months
Ended
September
29, 2013
  
Weighted
Average Fair
Value at Grant
Date
 
Unvested shares available for issue under outstanding PSUs, beginning of period
  
455,979
  
$
12.77
 
PSU’s Granted
  
111,000
   
19.80
 
PSU’s Vested
  
(198,130
)
  
10.20
 
PSU’s Forfeited/Cancelled
  
(48,089
)
  
16.71
 
Unvested shares available for issue under outstanding PSUs, end of period
  
320,760
  
$
15.95
 
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Fair Value of Financial Instruments (Tables)
6 Months Ended
Sep. 29, 2013
Fair Value of Financial Instruments [Abstract] '
Fair Value of Long-term Debt '
Fair value of long-term debt is calculated using current market interest rates, which we consider to be a Level 2 input as described in the fair value accounting guidance on fair value measurements, and future principle payments, as of September 29, 2013 and March 31, 2013 is estimated as follows:

 
 
September 29, 2013
  
March 31, 2013
 
 
 
Carrying
Amount
  
Fair
Value
  
Carrying Amount
  
Fair
Value
 
Note payable to a bank
 
$
2,437,500
  
$
2,281,700
  
$
2,550,000
  
$
2,361,500
 
Note payable to Baltimore County
 
$
143,700
  
$
135,000
  
$
158,000
  
$
145,300
 
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Income Taxes (Tables)
6 Months Ended
Sep. 29, 2013
Income Taxes [Abstract] '
Reconciliation of Changes in Gross Balance of Unrecognized Tax Benefit Amounts, Net of Interest '
A reconciliation of the changes in the gross balance of unrecognized tax benefits, excluding interest is as follows:

 
 
 
Beginning balance at March 31, 2013 of unrecognized tax benefit
 
$
631,100
 
Reversal related to statute expiration
  
(67,400
)
Increases related to current period tax positions
  
15,400
 
Ending balance at September 29, 2013 of unrecognized tax benefits
 
$
579,100
 
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Earnings Per Share (Tables)
6 Months Ended
Sep. 29, 2013
Earnings Per Share [Abstract] '
Calculation of Basic and Diluted Earnings Per Common Share '
The following table presents the calculation of basic and diluted earnings per common share (in thousands, except per share amounts):

Amounts in thousands, except per share amounts
 
Fiscal Quarter Ended
  
Six Months Ended
 
 
 
September 29,
2013
  
September 30,
2012
  
September 29,
2013
  
September 30,
2012
 
Earnings per share – Basic:
 
  
  
  
 
Net earnings
 
$
4,581
  
$
5,269
  
$
8,873
  
$
9,475
 
Less: Distributed and undistributed earnings allocated to nonvested stock
  
(38
)
  
(59
)
  
(73
)
  
(106
)
Earnings available to common shareholders – Basic
 
$
4,543
  
$
5,210
  
$
8,800
  
$
9,369
 
 
                
Weighted average common shares outstanding – Basic
  
8,149
   
7,935
   
8,109
   
7,901
 
 
                
Earnings per common share – Basic
 
$
0.56
  
$
0.66
  
$
1.09
  
$
1.19
 
 
                
Earnings per share – Diluted:
                
Net earnings
 
$
4,581
  
$
5,269
  
$
8,873
  
$
9,475
 
Less: Distributed and undistributed earnings allocated to nonvested stock
  
(37
)
  
(58
)
  
(60
)
  
(88
)
Earnings available to common shareholders – Diluted
 
$
4,544
  
$
5,211
  
$
8,813
  
$
9,387
 
 
                
Weighted average common shares outstanding – Basic
  
8,149
   
7,935
   
8,109
   
7,901
 
Effect of dilutive options
  
149
   
228
   
172
   
256
 
Weighted average common shares outstanding – Diluted
  
8,298
   
8,163
   
8,281
   
8,157
 
 
                
Earnings per common share – Diluted
 
$
0.55
  
$
0.64
  
$
1.06
  
$
1.15
 
 
                
Anti-dilutive equity awards not included above
  
--
   
--
   
--
   
--
 
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Business Segments (Tables)
6 Months Ended
Sep. 29, 2013
Business Segments [Abstract] '
Segment Information '
Market unit activity for the second quarter and first six months of fiscal years 2014 and 2013 is as follows (in thousands):

 
 
Three Months Ended
 
 
 
September 29,
2013
  
September 30,
2012
 
Revenues
 
  
 
Public Carriers, Contractors & Program Managers
 
$
40,948
  
$
25,811
 
Private & Government System Operators
  
31,059
   
34,264
 
Commercial Dealers & Resellers
  
36,433
   
35,655
 
Retailer, Independent Dealer Agents & Carriers
  
38,086
   
43,843
 
Revenue, excluding Major 3PL relationship
  
146,526
   
139,573
 
Major 3PL relationship
  
--
   
57,665
 
Total revenues
  
146,526
   
197,238
 
 
        
Gross Profit
        
Public Carriers, Contractors & Program Managers
  
9,015
   
5,635
 
Private & Government System Operators
  
8,377
   
9,238
 
Commercial Dealers & Resellers
  
10,093
   
9,801
 
Retailer, Independent Dealer Agents & Carriers
  
9,008
   
9,386
 
Gross profit, excluding Major 3PL relationship
  
36,493
   
34,060
 
Major 3PL relationship
  
--
   
4,565
 
Total gross profit
  
36,493
   
38,625
 
 
        
Direct expenses
  
17,797
   
18,085
 
Segment net profit contribution
  
18,696
   
20,540
 
Corporate support expenses
  
11,174
   
11,814
 
Income before provision for income taxes
 $
7,522
  
$
8,726
 

 
 
Six Months Ended
 
 
 
September 29,
2013
  
September 30,
2012
 
Revenues
 
  
 
Public Carriers, Contractors & Program Managers
 
$
78,331
  
$
45,829
 
Private & Government System Operators
  
58,952
   
63,864
 
Commercial Dealers & Resellers
  
72,477
   
67,263
 
Retailer, Independent Dealer Agents & Carriers
  
80,875
   
85,033
 
Revenue, excluding Major 3PL relationship
  
290,635
   
261,989
 
Major 3PL relationship
  
--
   
127,668
 
Total revenues
  
290,635
   
389,657
 
 
        
Gross Profit
        
Public Carriers, Contractors & Program Managers
  
16,909
   
10,093
 
Private & Government System Operators
  
16,178
   
17,391
 
Commercial Dealers & Resellers
  
20,340
   
18,599
 
Retailer, Independent Dealer Agents & Carriers
  
18,504
   
18,072
 
Gross profit, excluding Major 3PL relationship
  
71,931
   
64,155
 
Major 3PL relationship
  
--
   
9,963
 
Total gross profit
  
71,931
   
74,118
 
 
        
Direct expenses
  
35,412
   
35,342
 
Segment net profit contribution
  
36,519
   
38,776
 
Corporate support expenses
  
22,087
   
23,177
 
Income before provision for income taxes
 $
14,432
  
$
15,599
 
Revenue Information by Product '
Supplemental revenue and gross profit information by product category for the second quarter and first six months of fiscal years 2014 and 2013 are as follows (in thousands):

 
 
Three months ended
September 29, 2013
  
Three months ended
September 30, 2012
 
Revenues
 
  
 
Base station infrastructure
 
$
67,888
  
$
57,034
 
Network systems
  
21,838
   
22,166
 
Installation, test and maintenance
  
12,588
   
12,140
 
Mobile device accessories
  
44,212
   
105,898
 
Total revenues
 
$
146,526
  $
197,238
 
 
        
Gross Profit
        
Base station infrastructure
 
$
18,765
  
$
16,756
 
Network systems
  
3,745
   
3,980
 
Installation, test and maintenance
  
2,780
   
2,826
 
Mobile device accessories
  
11,203
   
15,063
 
Total gross profit
 
$
36,493
  
$
38,625
 

 
 
Six months ended
September 29, 2013
  
Six months ended
September 30, 2012
 
Revenues
 
  
 
Base station infrastructure
 
$
137,429
  
$
106,180
 
Network systems
  
40,901
   
39,902
 
Installation, test and maintenance
  
22,350
   
22,780
 
Mobile device accessories
  
89,955
   
220,795
 
Total revenues
 
$
290,635
  $
389,657
 
 
        
Gross Profit
        
Base station infrastructure
 
$
37,654
  
$
31,160
 
Network systems
  
7,563
   
7,638
 
Installation, test and maintenance
  
5,130
   
5,366
 
Mobile device accessories
  
21,584
   
29,954
 
Total gross profit
 
$
71,931
  
$
74,118
 
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Description of Business and Basis of Presentation (Details)
Sep. 29, 2013
Description of Business and Basis of Presentation [Abstract] '
Percentage of sales in US (in hundredths) 98.00%
Percentage of sales in USD (in hundredths) 99.00%
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Stock-Based Compensation (Details) (USD $)
6 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 3 Months Ended 6 Months Ended
Sep. 29, 2013
Performance Stock Units [Member]
Sep. 30, 2012
Performance Stock Units [Member]
May 31, 2013
Restricted Stock [Member]
May 31, 2012
Restricted Stock [Member]
Apr. 30, 2011
Restricted Stock [Member]
Sep. 29, 2013
Restricted Stock [Member]
Sep. 29, 2013
Second Amended and Restated 1994 Stock and Incentive Plan [Member]
Mar. 31, 2007
Second Amended and Restated 1994 Stock and Incentive Plan [Member]
Restricted Stock [Member]
Sep. 29, 2013
Second Amended and Restated 1994 Stock and Incentive Plan [Member]
Restricted Stock [Member]
Sep. 29, 2013
Selling, General and Administrative Expenses [Member]
Performance Stock Units [Member]
Sep. 30, 2012
Selling, General and Administrative Expenses [Member]
Performance Stock Units [Member]
Sep. 29, 2013
Selling, General and Administrative Expenses [Member]
Performance Stock Units [Member]
Sep. 30, 2012
Selling, General and Administrative Expenses [Member]
Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] ' ' ' ' ' ' ' ' ' ' ' ' '
Non-cash stock-based compensation ' ' ' ' ' ' ' ' ' $ 517,000 $ 764,900 $ 1,096,900 $ 1,102,700
Income tax benefit from share-based compensation 905,300 2,140,200 ' ' ' ' ' ' ' ' ' ' '
Shares earned (in shares) 213,760 ' ' ' ' ' ' ' ' ' ' ' '
Unrecognized compensation costs $ 2,800,000 ' ' ' ' $ 600,000 ' ' $ 600,000 ' ' ' '
Unrecognized compensation costs, period for recognition ' ' ' ' ' ' '3 years ' ' ' ' ' '
Shares of common stock granted (in shares) ' ' 15,000 20,100 36,000 ' ' 225,000 ' ' ' ' '
Nonvested PSU shares, Outstanding [Roll Forward] ' ' ' ' ' ' ' ' ' ' ' ' '
Outstanding, non-vested beginning of period (in shares) 455,979 ' ' ' ' ' ' ' 67,500 ' ' ' '
Granted (in shares) 111,000 ' ' ' ' ' ' ' ' ' ' ' '
Vested (in shares) (198,130) ' ' ' ' ' ' ' ' ' ' ' '
Forfeited/Cancelled (in shares) (48,089) ' ' ' ' ' ' ' ' ' ' ' '
Outstanding, non-vested end of period (in shares) 320,760 ' ' ' ' ' ' ' 67,500 ' ' ' '
Nonvested PSU shares, Weighted-Average Grant Date Fair Value [Roll Forward] ' ' ' ' ' ' ' ' ' ' ' ' '
Outstanding, non-vested beginning of period (in dollars per share) $ 12.77 ' ' ' ' ' ' ' ' ' ' ' '
Granted (in dollars per share) $ 19.8 ' ' ' ' ' ' $ 10.56 ' ' ' ' '
Vested (in dollars per share) $ 10.2 ' ' ' ' ' ' ' ' ' ' ' '
Forfeited/cancelled (in dollars per share) $ 16.71 ' ' ' ' ' ' ' ' ' ' ' '
Outstanding, non-vested end of period (in dollars per share) $ 15.95 ' ' ' ' ' ' ' ' ' ' ' '
Vesting period ' ' ' ' ' '4 years ' '10 years ' ' ' ' '
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Fair Value of Financial Instruments (Details) (USD $)
Sep. 29, 2013
Mar. 31, 2013
Carrying Amount [Member] | Note Payable to a Bank [Member] ' '
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] ' '
Long-term debt, fair value $ 2,437,500 $ 2,550,000
Carrying Amount [Member] | Note Payable to Baltimore County [Member] ' '
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] ' '
Long-term debt, fair value 143,700 158,000
Fair Value [Member] | Note Payable to a Bank [Member] ' '
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] ' '
Long-term debt, fair value 2,281,700 2,361,500
Fair Value [Member] | Note Payable to Baltimore County [Member] ' '
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] ' '
Long-term debt, fair value $ 135,000 $ 145,300
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Income Taxes (Details) (USD $)
6 Months Ended
Sep. 29, 2013
Sep. 30, 2012
Mar. 31, 2013
Income Taxes [Abstract] ' ' '
Gross amount of unrecognized tax benefits $ 579,100 ' $ 631,100
Net of indirect tax benefits 376,400 ' 416,500
Amount of interest and penalties (3,800) 35,600 '
Unrecognized tax benefits liability 309,600 ' 309,000
Reconciliation of unrecognized tax benefits [Rollforward] ' ' '
Beginning balance at March 31, 2013 of unrecognized tax benefit 631,100 ' '
Reversal related to statute expiration (67,400) ' '
Increases related to current period tax positions 15,400 ' '
Ending balance at September 29, 2013 of unrecognized tax benefits $ 579,100 ' '
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Earnings Per Share (Details) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 29, 2013
Sep. 30, 2012
Sep. 29, 2013
Sep. 30, 2012
Earnings per share - Basic [Abstract] ' ' ' '
Net earnings $ 4,581,100 $ 5,268,900 $ 8,873,300 $ 9,475,400
Less: Distributed and undistributed earnings allocated to nonvested stock (38,000) (59,000) (73,000) (106,000)
Earnings available to common shareholders - Basic 4,543,000 5,210,000 8,800,000 9,369,000
Weighted average common shares outstanding - Basic (in shares) 8,149 7,935 8,109 7,901
Earnings per common share - Basic (in dollars per share) $ 0.56 $ 0.66 $ 1.09 $ 1.19
Earnings per share - Diluted [Abstract] ' ' ' '
Net earnings 4,581,100 5,268,900 8,873,300 9,475,400
Less: Distributed and undistributed earnings allocated to nonvested stock (37,000) (58,000) (60,000) (88,000)
Earnings available to common shareholders - Diluted $ 4,544,000 $ 5,211,000 $ 8,813,000 $ 9,387,000
Weighted average common shares outstanding - Basic (in shares) 8,149 7,935 8,109 7,901
Effect of dilutive options (in shares) 149 228 172 256
Weighted average common shares outstanding - Diluted (in shares) 8,298 8,163 8,281 8,157
Earnings per common share - Diluted (in dollars per share) $ 0.55 $ 0.64 $ 1.06 $ 1.15
Anti-dilutive equity awards not included above (in shares) 0 0 0 0
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Business Segments (Details) (USD $)
3 Months Ended 6 Months Ended
Sep. 29, 2013
Sep. 30, 2012
Sep. 29, 2013
Segment
Category
Sep. 30, 2012
Business Segments [Abstract] ' ' ' '
Number of reportable segments ' ' 1 '
Number of product categories ' ' 4 '
Segment Reporting Information [Line Items] ' ' ' '
Revenues $ 146,526,000 $ 197,238,300 $ 290,634,800 $ 389,656,500
Gross profit 36,492,800 38,625,000 71,930,700 74,118,200
Direct expenses 17,797,000 18,085,000 35,412,000 35,342,000
Segment net profit contribution 18,696,000 20,540,000 36,519,000 38,776,000
Corporate support expenses 11,174,000 11,814,000 22,087,000 23,177,000
Income before provision for income taxes 7,522,400 8,726,000 14,431,600 15,599,400
Public Carriers, Contractors and Program Managers ' ' ' '
Segment Reporting Information [Line Items] ' ' ' '
Revenues 40,948,000 25,811,000 78,331,000 45,829,000
Gross profit 9,015,000 5,635,000 16,909,000 10,093,000
Private and Government System Operators ' ' ' '
Segment Reporting Information [Line Items] ' ' ' '
Revenues 31,059,000 34,264,000 58,952,000 63,864,000
Gross profit 8,377,000 9,238,000 16,178,000 17,391,000
Commercial Dealers and Resellers ' ' ' '
Segment Reporting Information [Line Items] ' ' ' '
Revenues 36,433,000 35,655,000 72,477,000 67,263,000
Gross profit 10,093,000 9,801,000 20,340,000 18,599,000
Retailer, Independent Dealer Agents and Carriers [Member] ' ' ' '
Segment Reporting Information [Line Items] ' ' ' '
Revenues 38,086,000 43,843,000 80,875,000 85,033,000
Gross profit 9,008,000 9,386,000 18,504,000 18,072,000
Revenue, excluding Major 3PL relationship [Member] ' ' ' '
Segment Reporting Information [Line Items] ' ' ' '
Revenues 146,526,000 139,573,000 290,635,000 261,989,000
Gross profit, excluding Major 3PL relationship [Member] ' ' ' '
Segment Reporting Information [Line Items] ' ' ' '
Gross profit 36,493,000 34,060,000 71,931,000 64,155,000
Major 3PL relationship [Member] ' ' ' '
Segment Reporting Information [Line Items] ' ' ' '
Revenues 0 57,665,000 0 127,668,000
Gross profit $ 0 $ 4,565,000 $ 0 $ 9,963,000
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Business Segments, Revenue Information by Product (Details) (USD $)
3 Months Ended 6 Months Ended
Sep. 29, 2013
Sep. 30, 2012
Sep. 29, 2013
Sep. 30, 2012
Revenue and Gross Profit from External Customer [Line Items] ' ' ' '
Revenue from external customers $ 146,526,000 $ 197,238,300 $ 290,634,800 $ 389,656,500
Gross profit 36,492,800 38,625,000 71,930,700 74,118,200
Base Station Infrastructure [Member] ' ' ' '
Revenue and Gross Profit from External Customer [Line Items] ' ' ' '
Revenue from external customers 67,888,000 57,034,000 137,429,000 106,180,000
Gross profit 18,765,000 16,756,000 37,654,000 31,160,000
Network Systems [Member] ' ' ' '
Revenue and Gross Profit from External Customer [Line Items] ' ' ' '
Revenue from external customers 21,838,000 22,166,000 40,901,000 39,902,000
Gross profit 3,745,000 3,980,000 7,563,000 7,638,000
Installation, Test and Maintenance [Member] ' ' ' '
Revenue and Gross Profit from External Customer [Line Items] ' ' ' '
Revenue from external customers 12,588,000 12,140,000 22,350,000 22,780,000
Gross profit 2,780,000 2,826,000 5,130,000 5,366,000
Mobile Device Accessories [Member] ' ' ' '
Revenue and Gross Profit from External Customer [Line Items] ' ' ' '
Revenue from external customers 44,212,000 105,898,000 89,955,000 220,795,000
Gross profit $ 11,203,000 $ 15,063,000 $ 21,584,000 $ 29,954,000
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Stock Buyback (Details) (USD $)
0 Months Ended 6 Months Ended
Sep. 29, 2013
Sep. 29, 2013
Sep. 30, 2012
Stock Buyback [Abstract] ' ' '
Number of shares authorized to be repurchased (in shares) 3,593,350 3,593,350 '
Number of shares repurchased (in shares) 3,505,187 ' '
Shares repurchased $ 30,700,000 ' '
Average cost per share (in dollars per share) $ 8.76 ' '
Remaining number of shares authorized to be repurchased (in shares) 88,163 88,163 '
Tax withholding for share based compensation ' $ 1,428,400 $ 1,799,000
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Concentration of Risk (Details)
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Sep. 29, 2013
Sep. 29, 2013
Sep. 30, 2012
Revenues [Member]
Customer Concentration Risk - AT&T Mobility Inc. [Member]
Sep. 30, 2012
Revenues [Member]
Customer Concentration Risk - AT&T Mobility Inc. [Member]
Concentration Risk [Line Items] ' ' ' '
Consolidated revenue threshold limit for major customer (in hundredths) 4.00% 5.00% ' '
Concentration risk percentage (in hundredths) ' ' 31.00% 34.00%
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Subsequent Events (Details) (Revolving Credit Facility [Member], Subsequent Event [Member], USD $)
In Millions, unless otherwise specified
6 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended
Sep. 29, 2013
Sep. 29, 2013
Minimum [Member]
Oct. 16, 2013
Maximum [Member]
Sep. 29, 2013
Maximum [Member]
Oct. 16, 2013
Ninth Modification Agreement [Member]
Oct. 16, 2013
Ninth Modification Agreement [Member]
Minimum [Member]
Oct. 16, 2013
Ninth Modification Agreement [Member]
Maximum [Member]
Subsequent Event [Line Items] ' ' ' ' ' ' '
Extended maturity date ' ' ' ' Oct 1, 2016 ' '
Interest rate margin (in hundredths) ' 2.25% ' 3.25% ' 1.50% 2.50%
Dividend payment permitted by lender agreement ' ' $ 6.25 ' ' ' $ 8
Rolling dividend payment period permitted by lender agreement '12 months ' ' ' ' ' '
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