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SEGMENT INFORMATION

6 Months Ended

Sep. 25, 2021

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 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

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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-Publisher FASB
-Name Accounting Standards Codification
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