XML 72 R57.htm IDEA: XBRL DOCUMENT
v3.22.1

BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired - USD ($) $ in Thousands | Mar. 26, 2022 | Dec. 31, 2021 | Aug. 31, 2021 | Apr. 29, 2021
--- | --- | --- | --- | ---
Tangent [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Goodwill |  | $ 5,587 |  |
Total |  | 9,957 |  |
Plus: Cash |  | 26 |  |
Accounts Receivable |  | 187 |  |
Other Current Assets |  | 16 |  |
Less: Current Liabilities |  | (67) |  |
Deferred Tax Liability |  | (1,195) |  |
Total Purchase Price |  | 8,924 |  |
Tangent [Member] | Customer Base & Contracts [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Intangible Assets |  | 4,150 |  |
Tangent [Member] | Covenant Not to Compete [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Intangible Assets |  | $ 220 |  |
Nexa [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Goodwill |  |  | $ 15,679 |
Total |  |  | 22,369 |
Plus: Cash |  |  | 3,732 |
Accounts Receivable |  |  | 2,434 |
Non-Current Assets |  |  | 38 |
Less: Current Liabilities |  |  | (572) |
Deferred Tax Liability |  |  | (1,769) |
Total Purchase Price |  |  | 26,232 |
Nexa [Member] | Customer Base & Contracts [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Intangible Assets |  |  | 5,600 |
Nexa [Member] | Covenant Not to Compete [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Intangible Assets |  |  | 600 |
Nexa [Member] | Backlog [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Intangible Assets |  |  | $ 490 |
Upstate Metrology [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Goodwill |  |  |  | $ 483
Plus: Current Assets |  |  |  | 189
Non-Current Assets |  |  |  | 270
Less: Current Liabilities |  |  |  | (11)
Total Purchase Price |  |  |  | $ 931
BioTek Services, Inc. [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Goodwill | $ 1,063 |  |  |
Plus: Current Assets | 406 |  |  |
Total | 3,093 |  |  |
Non-Current Assets | 8 |  |  |
Total Purchase Price | 3,507 |  |  |
BioTek Services, Inc. [Member] | Customer Base & Contracts [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Intangible Assets | 1,930 |  |  |
BioTek Services, Inc. [Member] | Covenant Not to Compete [Member] |  |  |  |
BUSINESS ACQUISITIONS (Details) - Schedule of Purchase Price Paid for Businesses Acquired [Line Items] |  |  |  |
Intangible Assets | $ 100 |  |  |

X
- References No definition available. + Details
Name: | trns_BUSINESSACQUISITIONSDetailsScheduleofPurchasePricePaidforBusinessesAcquiredLineItems
Namespace Prefix: | trns_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Acquisition date amount of acquired goodwill, intangibles, net of deferred taxes. + References No definition available. + Details
Name: | trns_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillIntangiblesandDeferredTaxes
Namespace Prefix: | trns_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of other assets expected to be realized or consumed before one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of liabilities due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of deferred tax liability attributable to taxable temporary differences assumed at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of assets, excluding financial assets and goodwill, that lack physical substance, having a projected indefinite period of benefit, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of assets expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)(1)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 55 -Paragraph 24 -URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 55 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=99380562&loc=d3e13770-109266 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(15)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_Goodwill
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=trns_TangentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=trns_CustomerBaseContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=trns_CovenantNotToCompeteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=trns_NexaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=trns_BacklogMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=trns_UpstateMetrologyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=trns_BioTekServicesIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |