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Segment and Geographic Data
 12 Months Ended
Mar. 31, 2012
Segment and Geographic Data [Abstract]  
SEGMENT AND GEOGRAPHIC DATA

NOTE 7 — SEGMENT AND GEOGRAPHIC DATA

Transcat has two reportable segments: Distribution Products (“Product”) and Calibration Services (“Service”). The accounting policies of the reportable segments are the same as those described above in Note 1 of the Consolidated Financial Statements. The Company has no inter-segment sales. The following table presents segment and geographic data for fiscal years 2012, 2011 and 2010:

 

                         
    FY 2012     FY 2011     FY 2010  

Net Revenue:

                        

Product

   $ 73,614     $ 59,862     $ 53,143  

Service

     36,406       31,324       27,918  
   

 

 

    

 

 

    

 

 

  

Total

     110,020       91,186       81,061  
   

 

 

    

 

 

    

 

 

  

Gross Profit:

                        

Product

     18,504       15,366       12,442  

Service

     8,620       7,932       6,852  
   

 

 

    

 

 

    

 

 

  

Total

     27,124       23,298       19,294  
   

 

 

    

 

 

    

 

 

  

Operating Expenses:

                        

Product(1)

     12,901       10,971       10,155  

Service(1)

     8,795       7,740       6,758  
   

 

 

    

 

 

    

 

 

  

Total

     21,696       18,711       16,913  
   

 

 

    

 

 

    

 

 

  

Operating Income

     5,428       4,587       2,381  
   

 

 

    

 

 

    

 

 

  

Unallocated Amounts:

                        

Other Expense, net

     182       105       98  

Provision for Income Taxes

     1,944       1,694       832  
   

 

 

    

 

 

    

 

 

  

Total

     2,126       1,799       930  
   

 

 

    

 

 

    

 

 

  

Net Income

   $ 3,302     $ 2,788     $ 1,451  
   

 

 

    

 

 

    

 

 

  

Total Assets:

                        

Product

   $ 25,531     $ 25,470     $ 20,969  

Service

     16,428       13,284       11,938  

Unallocated

     3,018       2,606       2,806  
   

 

 

    

 

 

    

 

 

  

Total

   $ 44,977     $ 41,360     $ 35,713  
   

 

 

    

 

 

    

 

 

  

Depreciation and Amortization(2):

                        

Product

   $ 787     $ 673     $ 742  

Service

     1,850       1,377       1,136  

Unallocated

     259       243       202  
   

 

 

    

 

 

    

 

 

  

Total

   $ 2,896     $ 2,293     $ 2,080  
   

 

 

    

 

 

    

 

 

  

Capital Expenditures:

                        

Product

   $ 73     $ 31     $ 25  

Service

     1,017       1,282       767  

Unallocated

     301       334       336  
   

 

 

    

 

 

    

 

 

  

Total

   $ 1,391     $ 1,647     $ 1,128  
   

 

 

    

 

 

    

 

 

  

Geographic Data:

                        

Net Revenues to Unaffiliated Customers(3):

                        

United States(4)

   $ 99,848     $ 81,666     $ 72,595  

Canada

     7,324       6,698       5,872  

Other International

     2,848       2,822       2,594  
   

 

 

    

 

 

    

 

 

  

Total

   $ 110,020     $ 91,186     $ 81,061  
   

 

 

    

 

 

    

 

 

  

Long-Lived Assets:

                        

United States(4)

   $ 5,081     $ 5,087     $ 4,059  

Canada

     225       166       104  
   

 

 

    

 

 

    

 

 

  

Total

   $ 5,306     $ 5,253     $ 4,163  
   

 

 

    

 

 

    

 

 

  

 

  (1) Operating expense allocations between segments were based on actual amounts, a percentage of revenues, headcount, and management’s estimates.

 

  (2) Including amortization of catalog costs.

 

  (3) Net revenues are attributed to the countries based on the destination of a product shipment or the location where service is rendered.

 

  (4) United States includes Puerto Rico.