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SEGMENT INFORMATION (Tables)

9 Months Ended

Dec. 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 third quarter and first nine months of fiscal years 2022 and 2021 (dollars in thousands):

		Third Quarter Ended								Nine Months Ended
		December 25,				December 26,				December 25,				December 26,
		2021				2020				2021				2020
Revenue:
Service		$	30,237			$	24,776			$	87,338			$	72,297
Distribution			20,665				19,286				61,741				52,276
Total			50,902				44,062				149,079				124,573
Gross Profit:
Service			8,983				6,915				27,447				20,884
Distribution			4,653				4,330				14,320				11,264
Total			13,636				11,245				41,767				32,148
Operating Expenses:
Service (1)			7,322				4,959				20,165				14,822
Distribution (1)			3,953				3,767				11,974				10,765
Total			11,275				8,726				32,139				25,587
Operating Income:
Service			1,661				1,956				7,282				6,062
Distribution			700				563				2,346				499
Total			2,361				2,519				9,628				6,561
Unallocated Amounts:
Interest and Other Expense, net			136				219				581				779
Provision for Income Taxes			596				539				715				1,199
Total			732				758				1,296				1,978
Net Income		$	1,629			$	1,761			$	8,332			$	4,583

(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

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- References

No definition available.

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