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Note 4 - Segment Information | 9 Months Ended
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Dec. 23, 2023
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 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 third quarter and first nine months of fiscal year 2024 and fiscal year 2023 (dollars in thousands):
|  | Third Quarter Ended |  |  | Nine Months Ended |
|  | December 23, |  |  | December 24, |  |  | December 23, |  |  | December 24, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service |  | $ | 41,509 |  |  | $ | 35,977 |  |  | $ | 122,793 |  |  | $ | 105,120 |
Distribution |  |  | 23,657 |  |  |  | 21,425 |  |  |  | 65,775 |  |  |  | 63,382 |
Total |  |  | 65,166 |  |  |  | 57,402 |  |  |  | 188,568 |  |  |  | 168,502 |
Gross Profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service |  |  | 13,494 |  |  |  | 10,793 |  |  |  | 40,549 |  |  |  | 33,115 |
Distribution |  |  | 7,442 |  |  |  | 5,607 |  |  |  | 19,222 |  |  |  | 16,090 |
Total |  |  | 20,936 |  |  |  | 16,400 |  |  |  | 59,771 |  |  |  | 49,205 |
Operating Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service (1) |  |  | 10,528 |  |  |  | 8,957 |  |  |  | 33,649 |  |  |  | 26,240 |
Distribution (1) |  |  | 6,114 |  |  |  | 4,280 |  |  |  | 15,545 |  |  |  | 12,572 |
Total |  |  | 16,642 |  |  |  | 13,237 |  |  |  | 49,194 |  |  |  | 38,812 |
Operating Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service |  |  | 2,966 |  |  |  | 1,836 |  |  |  | 6,900 |  |  |  | 6,875 |
Distribution |  |  | 1,328 |  |  |  | 1,327 |  |  |  | 3,677 |  |  |  | 3,518 |
Total |  |  | 4,294 |  |  |  | 3,163 |  |  |  | 10,577 |  |  |  | 10,393 |
Unallocated Amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest and Other Expense, net |  |  | 23 |  |  |  | 1,039 |  |  |  | 1,742 |  |  |  | 1,732 |
Provision for Income Taxes |  |  | 923 |  |  |  | 523 |  |  |  | 2,078 |  |  |  | 1,631 |
Total |  |  | 946 |  |  |  | 1,562 |  |  |  | 3,820 |  |  |  | 3,363 |
Net Income |  | $ | 3,348 |  |  | $ | 1,601 |  |  | $ | 6,757 |  |  | $ | 7,030 |
Geographic Data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues to Unaffiliated Customers (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States (3) |  | $ | 59,090 |  |  | $ | 51,209 |  |  | $ | 170,466 |  |  | $ | 151,241 |
Canada |  |  | 4,083 |  |  |  | 4,221 |  |  |  | 12,226 |  |  |  | 12,075 |
Other International |  |  | 1,993 |  |  |  | 1,972 |  |  |  | 5,876 |  |  |  | 5,186 |
Total |  | $ | 65,166 |  |  | $ | 57,402 |  |  | $ | 188,568 |  |  | $ | 168,502 |
(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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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