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Note 4 - Segment Information | 3 Months Ended
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Jun. 28, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | NOTE 4 – SEGMENT INFORMATION 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 its Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services. Through its Distribution segment, the Company sells and rents national and proprietary brand instruments to customers globally. There are no intersegment revenues. The Company's CODM is Lee Rudow, President & Chief Executive Officer. Both of the Company's 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 the Company's reportable segments is Operating Income, as reported in the Condensed 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 Condensed Consolidated Statements of Income. The CODM does not review assets in evaluating the results of the Company's segments, and therefore, such information is not presented.
Three Months Ended June 28, 2025: |  |  |  |  |  |  |  |  |  |  |  |
|  | Distribution |  |  | Service |  |  | Total |
Revenue |  | $ | 27,280 |  |  | $ | 49,144 |  |  | $ | 76,424 |
Cost of Revenue |  |  | 17,668 |  |  |  | 32,935 |  |  |  | 50,603 |
Gross Profit |  |  | 9,612 |  |  |  | 16,209 |  |  |  | 25,821 |
Operating Expenses |  |  | 6,840 |  |  |  | 13,643 |  |  |  | 20,483 |
Operating Income |  |  | 2,772 |  |  |  | 2,566 |  |  |  | 5,338 |
Capital Expenditures |  |  | 2,113 |  |  |  | 2,485 |  |  |  | 4,598 |
Depreciation and Amortization |  |  | 1,842 |  |  |  | 3,763 |  |  |  | 5,605 |
Three Months Ended June 29, 2024: |  |  |  |  |  |  |  |  |  |  |  |
|  | Distribution |  |  | Service |  |  | Total |
Revenue |  | $ | 22,929 |  |  | $ | 43,778 |  |  | $ | 66,707 |
Cost of Revenue |  |  | 15,157 |  |  |  | 28,895 |  |  |  | 44,052 |
Gross Profit |  |  | 7,772 |  |  |  | 14,883 |  |  |  | 22,655 |
Operating Expenses |  |  | 6,764 |  |  |  | 10,792 |  |  |  | 17,556 |
Operating Income |  |  | 1,008 |  |  |  | 4,091 |  |  |  | 5,099 |
Capital Expenditures |  |  | 2,221 |  |  |  | 1,453 |  |  |  | 3,674 |
Depreciation and Amortization |  |  | 1,712 |  |  |  | 2,401 |  |  |  | 4,113 |
The following table presents geographic data for the first quarter of fiscal years 2026, and 2025 (dollars in thousands):
|  | First Quarter Ended |
|  | June 28, |  |  | June 29, |
|  | 2025 |  |  | 2024 |
Geographic Data: |  |  |  |  |  |  |  |
Revenues (1): |  |  |  |  |  |  |  |
United States (2) |  | $ | 70,945 |  |  | $ | 60,741 |
Canada |  |  | 4,429 |  |  |  | 4,472 |
Other International |  |  | 1,050 |  |  |  | 1,494 |
Total |  | $ | 76,424 |  |  | $ | 66,707 |
Property and Equipment: |  |  |  |  |  |  |  |
United States (2) |  | $ | 46,085 |  |  | $ | 40,346 |
Canada |  |  | 5,234 |  |  |  | 5,588 |
Other International |  |  | 842 |  |  |  | 20 |
Total |  | $ | 52,161 |  |  | $ | 45,954 |
(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. 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