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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Sep. 25, 2021
Segment Reporting [Abstract] |
Schedule of 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 2022 and 2021 (dollars in thousands):
|  | Second Quarter Ended |  | Six Months Ended
|  | September 25, |  |  | September 26, |  |  | September 25, |  |  | September 26, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service |  | $ | 29,544 |  |  | $ | 24,554 |  |  | $ | 57,101 |  |  | $ | 47,521 |
Distribution |  |  | 20,843 |  |  |  | 17,053 |  |  |  | 41,076 |  |  |  | 32,990 |
Total |  |  | 50,387 |  |  |  | 41,607 |  |  |  | 98,177 |  |  |  | 80,511 |
Gross Profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service |  |  | 9,712 |  |  |  | 7,900 |  |  |  | 18,464 |  |  |  | 13,969 |
Distribution |  |  | 4,899 |  |  |  | 3,594 |  |  |  | 9,667 |  |  |  | 6,934 |
Total |  |  | 14,611 |  |  |  | 11,494 |  |  |  | 28,131 |  |  |  | 20,903 |
Operating Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service (1) |  |  | 7,065 |  |  |  | 4,923 |  |  |  | 12,843 |  |  |  | 9,863 |
Distribution (1) |  |  | 3,968 |  |  |  | 3,493 |  |  |  | 8,021 |  |  |  | 6,998 |
Total |  |  | 11,033 |  |  |  | 8,416 |  |  |  | 20,864 |  |  |  | 16,861 |
Operating Income (Loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service (1) |  |  | 2,647 |  |  |  | 2,977 |  |  |  | 5,621 |  |  |  | 4,106 |
Distribution (1) |  |  | 931 |  |  |  | 101 |  |  |  | 1,646 |  |  |  | (64 | )
Total |  |  | 3,578 |  |  |  | 3,078 |  |  |  | 7,267 |  |  |  | 4,042 |
Unallocated Amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest and Other Expense, net |  |  | 250 |  |  |  | 317 |  |  |  | 445 |  |  |  | 560 |
Provision for Income Taxes |  |  | 313 |  |  |  | 737 |  |  |  | 119 |  |  |  | 660 |
Total |  |  | 563 |  |  |  | 1,054 |  |  |  | 564 |  |  |  | 1,220 |
Net Income |  | $ | 3,015 |  |  | $ | 2,024 |  |  | $ | 6,703 |  |  | $ | 2,822 |
| (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 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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