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SEGMENT AND GEOGRAPHIC DATA (Tables) | 12 Months Ended
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Mar. 27, 2021
Segment Reporting [Abstract] |
Schedule of Segment Information | Transcat has two reportable segments: Distribution and Service. The accounting policies of the reportable segments are described above in Note 1. The Company has no inter-segment sales. The following table presents segment and geographic data for fiscal years 2021 and 2020: 55 Table of Contents
|  | FY 2021 |  |  | FY 2020 |
Revenue: |  |  |  |  |  |  |  |
Service |  | $ | 101,274 |  |  | $ | 93,003 |
Distribution |  |  | 72,061 |  |  |  | 80,096 |
Total |  |  | 173,335 |  |  |  | 173,099 |
Gross Profit: |  |  |  |  |  |  |  |
Service |  |  | 30,695 |  |  |  | 23,486 |
Distribution |  |  | 15,423 |  |  |  | 18,992 |
Total |  |  | 46,118 |  |  |  | 42,478 |
Operating Expenses: |  |  |  |  |  |  |  |
Service (1) |  |  | 20,254 |  |  |  | 17,814 |
Distribution (1) |  |  | 14,791 |  |  |  | 13,814 |
Total |  |  | 35,045 |  |  |  | 31,628 |
Operating Income: |  |  |  |  |  |  |  |
Service |  |  | 10,441 |  |  |  | 5,672 |
Distribution |  |  | 632 |  |  |  | 5,178 |
Total |  |  | 11,073 |  |  |  | 10,850 |
Unallocated Amounts: |  |  |  |  |  |  |  |
Interest and Other Expense, net |  |  | 1,091 |  |  |  | 1,120 |
Provision for Income Taxes |  |  | 2,191 |  |  |  | 1,663 |
Total |  |  | 3,282 |  |  |  | 2,783 |
Net Income |  | $ | 7,791 |  |  | $ | 8,067 |
Total Assets: |  |  |  |  |  |  |  |
Service |  | $ | 71,090 |  |  | $ | 67,023 |
Distribution |  |  | 44,759 |  |  |  | 47,952 |
Unallocated |  |  | 16,267 |  |  |  | 13,147 |
Total |  | $ | 132,116 |  |  | $ | 128,122 |
Depreciation and Amortization (2): |  |  |  |  |  |  |  |
Service |  | $ | 5,597 |  |  | $ | 4,930 |
Distribution |  |  | 1,983 |  |  |  | 1,729 |
Total |  | $ | 7,580 |  |  | $ | 6,659 |
Capital Expenditures: |  |  |  |  |  |  |  |
Service |  | $ | 4,236 |  |  | $ | 3,974 |
Distribution |  |  | 2,381 |  |  |  | 2,605 |
Total |  | $ | 6,617 |  |  | $ | 6,579 |
Geographic Data: |  |  |  |  |  |  |  |
Revenues to Unaffiliated Customers (3): |  |  |  |  |  |  |  |
United States (4) |  | $ | 159,270 |  |  | $ | 157,744 |
Canada |  |  | 13,040 |  |  |  | 13,827 |
Other International |  |  | 1,024 |  |  |  | 1,528 |
Total |  | $ | 173,335 |  |  | $ | 173,099 |
Property and Equipment: |  |  |  |  |  |  |  |
United States (4) |  | $ | 19,897 |  |  | $ | 18,672 |
Canada |  |  | 2,306 |  |  |  | 2,161 |
Total |  | $ | 22,203 |  |  | $ | 20,833 |
56 Table of Contents (1) Operating expense allocations between segments are based on actual amounts, a percentage of revenues, headcount, and management’s estimates. (2) Including amortization of catalog costs and intangible assets. (3) 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.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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