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Note 7 - Segment and Geographic Data | 12 Months Ended
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Mar. 29, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | NOTE 7 – SEGMENT AND GEOGRAPHIC DATA Operating segments represent a component of the Company that engages in business activities from which it may recognize revenues and incur expenses whose operating results are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. Once operating segments are identified, the Company determined which of those operating segments are required to be presented as reportable segments based on the quantitative thresholds. 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. There are no intersegment revenues. Our CODM is Lee Rudow, President & Chief Executive Officer. Both of our reportable segments are regularly reviewed by the CODM through monthly revenue, gross profit, operating income and consolidated financial forecast updates and through regular and monthly meetings with the executive leadership team. The primary financial measure used by the CODM for our reportable segments is Operating Income, as reported in our Consolidated Statements of Income and is most consistent with the measurement principles used in the consolidated financial statements. This is used by the CODM to make decisions on resource allocation, assess the performance of the business, and monitor budget versus actual results. Significant expenses reviewed by the CODM consist of cost of revenue and operating expenses, which individually are consistent in total with what is shown on the face of the consolidated statements of income. The CODM does not review assets in evaluating the results of our segments, and therefore, such information is not presented.
2025: |  |  |  |  |  |  |  |  |  |  |  |
|  | Distribution |  |  | Service |  |  | Total |
Revenue |  | $ | 96,993 |  |  | $ | 181,428 |  |  | $ | 278,421 |
Cost of Revenue |  |  | 68,199 |  |  |  | 120,769 |  |  |  | 188,968 |
Gross Profit |  |  | 28,794 |  |  |  | 60,659 |  |  |  | 89,453 |
Operating Expenses |  |  | 26,101 |  |  |  | 45,478 |  |  |  | 71,579 |
Operating Income |  |  | 2,693 |  |  |  | 15,181 |  |  |  | 17,874 |
Capital Expenditures |  |  | 5,189 |  |  |  | 8,008 |  |  |  | 13,197 |
Depreciation and Amortization |  |  | 7,485 |  |  |  | 11,082 |  |  |  | 18,567 |
2024: |  |  |  |  |  |  |  |  |  |  |  |
|  | Distribution |  |  | Service |  |  | Total |
Revenue |  | $ | 89,956 |  |  | $ | 169,525 |  |  | $ | 259,481 |
Cost of Revenue |  |  | 63,403 |  |  |  | 112,272 |  |  |  | 175,675 |
Gross Profit |  |  | 26,553 |  |  |  | 57,253 |  |  |  | 83,806 |
Operating Expenses |  |  | 21,815 |  |  |  | 42,210 |  |  |  | 64,025 |
Operating Income |  |  | 4,738 |  |  |  | 15,043 |  |  |  | 19,781 |
Capital Expenditures |  |  | 7,139 |  |  |  | 6,141 |  |  |  | 13,280 |
Depreciation and Amortization |  |  | 4,284 |  |  |  | 9,193 |  |  |  | 13,477 |
2023: |  |  |  |  |  |  |  |  |  |  |  |
|  | Distribution |  |  | Service |  |  | Total |
Revenue |  | $ | 85,686 |  |  | $ | 144,883 |  |  | $ | 230,569 |
Cost of Revenue |  |  | 63,969 |  |  |  | 98,245 |  |  |  | 162,214 |
Gross Profit |  |  | 21,717 |  |  |  | 46,638 |  |  |  | 68,355 |
Operating Expenses |  |  | 16,891 |  |  |  | 35,216 |  |  |  | 52,107 |
Operating Income |  |  | 4,826 |  |  |  | 11,422 |  |  |  | 16,248 |
Capital Expenditures |  |  | 3,845 |  |  |  | 5,569 |  |  |  | 9,414 |
Depreciation and Amortization |  |  | 2,155 |  |  |  | 8,800 |  |  |  | 10,955 |
The following table presents geographic data for fiscal years 2025, 2024 and 2023 (dollars in thousands):
|  | FY 2025 |  |  | FY 2024 |  |  | FY 2023 |
Geographic Data: |  |  |  |  |  |  |  |  |  |  |  |
Revenues to Unaffiliated Customers (1): |  |  |  |  |  |  |  |  |  |  |  |
United States (2) |  | $ | 255,811 |  |  | $ | 235,117 |  |  | $ | 207,143 |
Canada |  |  | 17,162 |  |  |  | 16,666 |  |  |  | 16,468 |
Other International |  |  | 5,448 |  |  |  | 7,698 |  |  |  | 6,958 |
Total |  | $ | 278,421 |  |  | $ | 259,481 |  |  | $ | 230,569 |
Property and Equipment: |  |  |  |  |  |  |  |  |  |  |  |
United States (2) |  | $ | 44,727 |  |  | $ | 33,507 |  |  | $ | 24,721 |
Canada |  |  | 4,866 |  |  |  | 5,415 |  |  |  | 4,326 |
Other International |  |  | 431 |  |  |  | 22 |  |  |  | 17 |
Total |  | $ | 50,024 |  |  | $ | 38,944 |  |  | $ | 29,064 |
| (1) | Revenues are attributed to the countries based on the destination of a product shipment or the location where service is rendered.
| (2) | 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 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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