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SEGMENT INFORMATION

6 Months Ended

Sep. 26, 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 second quarter and first six months of fiscal years 2021 and 2020:

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Table of Contents

		Second Quarter Ended								Six Months Ended
		September 26,				September 28,				September 26,				September 28,
		2020				2019				2020				2019
Revenue:
Service		$	24,554			$	23,502			$	47,521			$	45,900
Distribution			17,053				18,261				32,990				38,258
Total			41,607				41,763				80,511				84,158
Gross Profit:
Service			7,900				6,012				13,969				11,384
Distribution			3,594				4,433				6,934				9,113
Total			11,494				10,445				20,903				20,497
Operating Expenses:
Service (1)			4,923				4,175				9,863				8,809
Distribution (1)			3,493				3,211				6,998				6,671
Total			8,416				7,386				16,861				15,480
Operating Income:
Service (1)			2,977				1,837				4,106				2,575
Distribution (1)			101				1,222				(64	)			2,442
Total			3,078				3,059				4,042				5,017
Unallocated Amounts:
Interest and Other Expense, net			317				297				560				582
Provision for Income Taxes			737				383				660				338
Total			1,054				680				1,220				920
Net Income		$	2,024			$	2,379			$	2,822			$	4,097

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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