TeleNav 2012 Annual Report Download - page 99

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Table of Contents
Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated
regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. Our
chief operating decision maker is our chief executive officer. Our chief executive officer reviews financial information presented on a consolidated
basis, accompanied by information about revenue by geographic region for purposes of allocating resources and evaluating financial performance.
We have one principal business activity, the provision of personalized navigation services, and there are no segment managers who are held
accountable for operations, operating results and plans for levels or components below the consolidated unit level. Accordingly, we operate in a
single reporting segment and operating unit structure.
Revenue by geographic region is based on the billing address of our customers. The following table sets forth revenue and property and
equipment by geographic region (in thousands):
Revenue from our automotive navigation solutions comprised 37% , 13% and 6% in fiscal 2013, 2012 and 2011, respectively.
14. Employee savings and retirement plan
We sponsor a defined contribution plan under Internal Revenue Code Section 401(k), or the 401(k) Plan. Most of our U.S. employees are
eligible to participate following the start of their employment. Employees may contribute up to the lesser of 100% of their current compensation to
the 401(k) Plan or an amount up to a statutorily prescribed annual limit. We pay the direct expenses of the 401(k) Plan and beginning in July 2006,
we began to match employee contributions up to 4% of an employee’s salary. Contributions made by us are subject to certain vesting provisions. We
made matching contributions and recorded expense of $1.3 million , $1.5 million and $1.3 million for fiscal 2013, 2012 and 2011, respectively.
15. Quarterly financial data (unaudited)
Summarized quarterly financial information for fiscal 2013 and 2012 is as follows (in thousands):
F-26
Fiscal Year Ended June 30,
2013
2012
2011
Revenue
United States
$
177,390
$
193,358
$
190,041
International
14,410
12,164
9,077
Total revenue
$
191,800
$
205,522
$
199,118
Property and equipment
United States
$
10,949
$
14,045
$
7,180
International
804
1,397
1,899
Total property and equipment, net
$
11,753
$
15,442
$
9,079