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SEGMENT INFORMATION

3 Months Ended

Jun. 27, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 4 – SEGMENT INFORMATION

Transcat has two reportable segments: Service and Distribution. The Company has no inter-segment sales. The following table presents segment information for the first quarter of fiscal year 2021 and fiscal year 2020:

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Table of Contents

		First Quarter Ended
		June 27,				June 29,
		2020				2019
Revenue:
Service Revenue		$	22,967			$	22,398
Distribution Sales			15,937				19,997
Total			38,904				42,395
Gross Profit:
Service			6,069				5,372
Distribution			3,340				4,680
Total			9,409				10,052
Operating Expenses:
Service (1)			4,940				4,634
Distribution (1)			3,505				3,460
Total			8,445				8,094
Operating Income:
Service (1)			1,129				738
Distribution (1)			(165	)			1,220
Total			964				1,958
Unallocated Amounts:
Interest and Other Expense, net			243				285
Benefit from Income Taxes			(77	)			(45	)
Total			166				240
Net Income		$	798			$	1,718

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

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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