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SEGMENT INFORMATION | 3 Months Ended
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Jun. 25, 2022
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 4 – SEGMENT INFORMATION The basis for determining our operating segments is the manner in which financial information is used in monitoring our operations. Transcat has two reportable segments: Service and Distribution. Through our Service segment, we offer calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services. Through our Distribution segment, we sell and rent national and proprietary brand instruments to customers globally. The Company has no inter-segment sales. We believe that reporting performance at the operating income level is the best indicator of segment performance. The following table presents segment and geographic data for the first quarter of fiscal year 2023 and fiscal year 2022 (dollars in thousands):
|  | First Quarter Ended |
|  | June 25 |  |  | June 26, |
|  | 2022 |  |  | 2021 |
Revenue: |  |  |  |  |  |
Service |  | $ | 33,876 |  |  | $ | 27,557 |
Distribution |  |  | 20,785 |  |  |  | 20,233 |
Total |  |  | 54,661 |  |  |  | 47,790 |
Gross Profit: |  |  |  |  |  |  |  |
Service |  |  | 10,835 |  |  |  | 8,752 |
Distribution |  |  | 5,203 |  |  |  | 4,768 |
Total |  |  | 16,038 |  |  |  | 13,520 |
Operating Expenses: |  |  |  |  |  |  |  |
Service (1) |  |  | 8,303 |  |  |  | 5,778 |
Distribution (1) |  |  | 4,131 |  |  |  | 4,053 |
Total |  |  | 12,434 |  |  |  | 9,831 |
Operating Income: |  |  |  |  |  |  |  |
Service |  |  | 2,532 |  |  |  | 2,974 |
Distribution |  |  | 1,072 |  |  |  | 715 |
Total |  |  | 3,604 |  |  |  | 3,689 |
Unallocated Amounts: |  |  |  |  |  |  |  |
Interest and Other Expense, net |  |  | 156 |  |  |  | 195 |
Provision for (Benefit from) Income Taxes |  |  | 376 |  |  |  | (194 | )
Total |  |  | 532 |  |  |  | 1 |
Net Income |  | $ | 3,072 |  |  | $ | 3,688 |
Geographic Data: |  |  |  |  |  |  |  |
Revenues to Unaffiliated Customers (2): |  |  |  |  |  |  |  |
United States (3) |  | $ | 48,998 |  |  | $ | 43,912 |
Canada |  |  | 3,986 |  |  |  | 3,646 |
Other International |  |  | 1,677 |  |  |  | 232 |
Total |  | $ | 54,661 |  |  | $ | 47,790 |
(1) | Operating expense allocations between segments are based on actual amounts, a percentage of revenues, headcount, and management’s estimates.
(2) | Revenues are attributed to the countries based on the destination of a product shipment or the location where service is rendered.
(3) | United States includes Puerto Rico.

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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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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