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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2015
SEGMENT INFORMATION [Abstract] |
SEGMENT INFORMATION |
NOTE 16 - | SEGMENT INFORMATION
| a. | Segment Activities Disclosure:
TAT operates under four segments: (i) Original Equipment Manufacturing or “OEM” of Heat Transfer Solutions and Aviation Components (ii) Heat Transfer Services and Products and (iii) Maintenance, Repair and Overhaul or “MRO” services for Aviation Components in the area of landing gears and APUs (iv) overhaul and coating of jet engine components. -OEM of Heat Transfer Solutions and Aviation Components primarily includes the design, development, manufacture and sale of (i) a broad range of heat transfer products (such as heat exchangers, pre-coolers and oil/fuel hydraulic coolers) used in mechanical and electronic systems on-board commercial, military and business aircraft; (ii) environmental control and cooling systems on board aircraft and for ground applications; and (iii) a variety of other electronic and mechanical aircraft accessories and systems such as pumps, valves, power systems and turbines. -Heat Transfer Services and Products primarily include the maintenance, repair and overhaul of heat transfer equipment and in a lesser extent, the manufacturing of certain heat transfer products. TAT's Limco subsidiary operates an FAA certified repair station, which provides heat transfer MRO services and products for airlines, air cargo carriers, maintenance service centers and the military. -MRO services for Aviation Components primarily include the maintenance, repair and overhaul of APUs, landing gear and other aircraft components. TAT's Piedmont subsidiary operates an FAA certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military. - TAT's activities in the area of jet engine overhaul includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes, afterburner flaps and other components (see note 3) . This operating segment started operating in 2015 with the Turbochrom acquisition. See note 3. The Group's chief operating decision-maker (CEO of the Company) evaluates performance, makes operating decisions and allocates resources based on financial data consistent with the presentation in the accompanying financial statements.
| b. | Segments statement operations disclosure:
The following financial information is the information that management uses for analyzing the segment results. The figures are presented in consolidated method as presented to management. The following financial information is a summary of the operating income of each operational segment:
|  | Year ended December 31, 2015
|  | OEM of Heat Transfer Solutions and Aviation Components |  |  | Heat Transfer Services and Products |  |  | MRO services for Aviation Components |  |  |  | Overhaul and coating of jet engine components |  |  | Other |  |  | Elimination of inter-company sales |  |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of products and services |  | $ | 23,511 |  |  | $ | 30,526 |  |  | $ | 29,665 |  |  | $ | 1,905 |  |  |  |  |  |  | $ | - |  |  |  | 85,607
Intersegment revenues |  |  | 3,840 |  |  |  | 475 |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  | (4,315 | ) |  |  | -
Total revenues |  |  | 27,351 |  |  |  | 31,001 |  |  |  | 29,665 |  |  |  | 1,905 |  |  |  |  |  |  |  | (4,315 | ) |  |  | 85,607
Cost of revenues |  |  | 23,,887 |  |  |  | 22,541 |  |  |  | 28,474 |  |  |  | 1,485 |  |  |  |  |  |  |  | (4,445 | ) |  |  | 71,942
Gross profit |  |  | 3,464 |  |  |  | 8,460 |  |  |  | 1,191 |  |  |  | 420 |  |  |  |  |  |  |  | 130 |  |  |  | 13,665
Research and development |  |  | 619 |  |  |  | 264 |  |  |  | - |  |  |  | 7 |  |  |  |  |  |  |  | - |  |  |  | 890
Selling and marketing |  |  | 1,270 |  |  |  | 961 |  |  |  | 608 |  |  |  | 64 |  |  |  |  |  |  |  | - |  |  |  | 2,903
General and administrative |  |  | 1,880 |  |  |  | 3,000 |  |  |  | 3,303 |  |  |  | 286 |  |  |  |  |  |  |  | - |  |  |  | 8,469
Other expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 631 |  |  |  |  |  |  |  | 631
Gain on bargain purchase |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,833 | ) |  |  |  |  |  |  | (4,833)
Operating income (loss) |  |  | (305 | ) |  |  | 4,235 |  |  |  | (2,720 | ) |  |  | 63 |  |  |  | (4,202 | ) |  |  | 130 |  |  |  | 5,605
|  | Year ended December 31, 2014
|  | OEM of Heat Transfer Solutions and Aviation Components |  |  | Heat Transfer Services and Products |  |  | MRO services for Aviation Components |  |  | Elimination of inter-company sales |  |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of products and services |  | $ | 22,871 |  |  | $ | 30,121 |  |  | $ | 27,734 |  |  | $ | - |  |  | $ | 80,726
Intersegment revenues |  |  | 5,314 |  |  |  | 229 |  |  |  | - |  |  |  | (5,543 | ) |  |  | -
Total revenues |  |  | 28,185 |  |  |  | 30,350 |  |  |  | 27,734 |  |  |  | (5,543 | ) |  |  | 80,726
Cost of revenues |  |  | 23,249 |  |  |  | 23,101 |  |  |  | 23,502 |  |  |  | (5,330 | ) |  |  | 64,522
Gross profit |  |  | 4,936 |  |  |  | 7,249 |  |  |  | 4,232 |  |  |  | (213 | ) |  |  | 16,204
Research and development |  |  | 841 |  |  |  | 229 |  |  |  | - |  |  |  | - |  |  |  | 1,070
Selling and marketing |  |  | 1,538 |  |  |  | 1,058 |  |  |  | 607 |  |  |  | - |  |  |  | 3,203
General and administrative |  |  | 2,717 |  |  |  | 2,417 |  |  |  | 2,989 |  |  |  | - |  |  |  | 8,123
Other income |  |  | (11 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (11)
Operating income (loss) |  |  | (149 | ) |  |  | 3,545 |  |  |  | 636 |  |  |  | (213 | ) |  |  | 3,819
|  | Year ended December 31, 2013
|  | OEM of Heat Transfer Solutions and Aviation Components |  | Heat Transfer Services and Products |  |  | MRO services for Aviation Components |  |  | Elimination of inter-company sales |  | Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Sale of products and services |  | $ | 27,326 |  | $ | 29,796 |  |  | $ | 22,429 |  |  | $ | - |  | $ | 79,551
Intersegment revenues |  |  | 3,812 |  |  | 111 |  |  |  | - |  |  |  | (3,923 | ) |  | -
Total revenues |  |  | 31,138 |  |  | 29,907 |  |  |  | 22,429 |  |  |  | (3,923 | ) |  | 79,551
Cost of revenues |  |  | 24,141 |  |  | 22,464 |  |  |  | 19,224 |  |  |  | (4,086 | ) |  | 61,743
Gross profit |  |  | 6,997 |  |  | 7,443 |  |  |  | 3,205 |  |  |  | 163 |  |  | 17,808
Research and development |  |  | 415 |  |  | 298 |  |  |  | - |  |  |  | - |  |  | 713
Selling and marketing |  |  | 1,520 |  |  | 1,145 |  |  |  | 485 |  |  |  | - |  |  | 3,150
General and administrative |  |  | 3,158 |  |  | 2,249 |  |  |  | 3,261 |  |  |  | - |  |  | 8,668
Other income |  |  | (20 | ) |  | - |  |  |  | - |  |  |  | - |  |  | (20)
Operating income (loss) |  |  | 1,924 |  |  | 3,751 |  |  |  | (541 | ) |  |  | 163 |  |  | 5,297
| c. | The following financial information identifies the assets, depreciation and amortization, and capital expenditures to segments:
|  | Year ended December 31, 2015
|  | OEM of Heat Tansfer Solutions and Aviation Components |  |  | Heat Transfer Services and Products |  |  | MRO services for Aviation Components |  |  | Overhaul and coating of jet engine components |  |  | Amounts not allocated to segments |  |  | Consolidated
Total assets |  |  | 29,440 |  |  |  | 28,400 |  |  |  | 24,170 |  |  |  | 11,635 |  |  |  | 15,938 |  |  |  | 109,583
Depreciation and amortization |  |  | 1,127 |  |  |  | 789 |  |  |  | 669 |  |  |  | 196 |  |  |  |  |  |  |  | 2,781
Expenditure for segment assets |  |  | 1,075 |  |  |  | 1,400 |  |  |  | 821 |  |  |  | 51 |  |  |  |  |  |  |  | 3,347
|  | Year ended December 31, 2014
|  | OEM of Heat Transfer Solutions and Aviation Components |  |  | Heat Transfer Services and Products |  |  | MRO services for Aviation Components |  |  | Amounts not allocated to segments |  |  | Consolidated
Total assets |  | $ | 32,808 |  |  | $ | 26,889 |  |  | $ | 23,044 |  |  | $ | 16,435 |  |  | $ | 99,176
Depreciation and amortization |  |  | 1,027 |  |  |  | 675 |  |  |  | 367 |  |  |  | - |  |  |  | 2,069
Expenditure for segment assets |  |  | 1,126 |  |  |  | 810 |  |  |  | 539 |  |  |  | - |  |  |  | 2,475
|  | Year ended December 31, 2013
|  | OEM of Heat Transfer Solutions and Aviation Components |  |  | Heat Transfer Services and Products |  |  | MRO services for Aviation Components |  |  | Amounts not allocated to segments |  |  | Consolidated
Depreciation and amortization (*) |  |  | 991 |  |  |  | 603 |  |  |  | 265 |  |  |  | - |  |  |  | 1,859
Expenditure for segment assets (*) |  |  | 1,032 |  |  |  | 664 |  |  |  | 1,134 |  |  |  | - |  |  |  | 2,830
(*) |  | Excluding discontinued operations for the year ended on December 31, 2013.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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