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Note 4 - Segment Information
 3 Months Ended
Jun. 30, 2012
Segment Reporting Disclosure [Text Block]
NOTE 4 – SEGMENT INFORMATION

Transcat has two reportable segments:  Distribution Products (“Product”) and Calibration Services (“Service”).  The Company has no inter-segment sales.  The following table presents segment information for the first quarters ended June 30, 2012 and June 25, 2011:

   
First Quarter Ended
 
   
June 30,
2012
   
June 25,
2011
 
Net Revenue:
           
Product Sales
  $ 16,365     $ 17,182  
Service Revenue
    8,732       8,423  
Total
    25,097       25,605  
                 
Gross Profit:
               
Product
    4,210       4,268  
Service
    1,997       2,030  
Total
    6,207       6,298  
                 
Operating Expenses:
               
Product (1)
    3,358       3,447  
Service (1)
    2,255       2,281  
Total
    5,613       5,728  
                 
Operating Income
    594       570  
                 
Unallocated Amounts:
               
Interest and Other Expense, net
    47       45  
Provision for Income Taxes
    186       200  
Total
    233       245  
                 
Net Income
  $ 361     $ 325  

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