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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 20 -SEGMENT INFORMATION

a.  Segment Activities Disclosure:

TAT operates under four segments: (i) Original equipment manufacturing (“OEM”) of heat transfer solutions and aviation accessories mainly through our Gedera facility and our Limco subsidiary; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components (mainly APU and LG) through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary.

-OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board of commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.

-MRO Services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT’s Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military.

-      MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components, as well as APU lease activity. 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 overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps. The discontinued operation regarding to the JT8D activity is part of the coating jet engines component segment.

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. CODM reviews revenue, gross profit, operating income and the following assets: cash and cash equivalents, accounts receivable and inventory.

During 2022 TAT completed its plan to consolidate the Company’s operations from four to three production sites by consolidating its production sites in Israel “OEM of heat transfer solutions and aviation accessories” with the “overhaul and coating of jet engine activity” and transferring the heat exchanges cores production operations from Israel to the Company’s production site in Tulsa, Oklahoma. 

b.  Segments statement operations disclosure:

The following financial information is the information that CODM uses for analyzing the segment results. The figures are presented in consolidated method as presented to CODM.

The following financial information is a summary of the operating income of each operational segment:

 

   

Year ended December 31, 2022

  
   

OEM of Heat Transfer Solutions and Aviation Accessories

    

MRO Services for heat transfer components and OEM of heat transfer solutions

    

MRO services for Aviation Components and Lease

    

Overhaul and coating of jet engine components

    

Elimination of inter-Company sales

    

Consolidated

  
                                                 

Revenues

   $

21,844

     $

24,796

     $

35,879

     $

5,770

     $

(3,733

)

   $

84,556

  

 

                                                

Cost of revenues

    

18,778

      

20,750

      

28,890

      

3,495

      

(3,285

)

    

68,628

  

Gross profit

    

3,066

      

4,046

      

6,989

      

2,275

      

(448

)

    

15,928

  

 

                                                

Research and development

    

193

      

54

      

286

      

19

      

(74

)

    

479

  

Selling and marketing

    

1,936

      

926

      

2,383

      

330

      

54

 

    

5,629

  

General and administrative

    

3,226

      

2,462

      

3,686

      

594

      

2

 

    

9,970

  

Other expenses (income)

    

(1,566

)

    

(52

 )    

(18

)

    

-

 

    

1,547

      

(90

)

Restructuring expenses, net

    

975

      

618

      

-

      

122

      

-

      

1,715

  

Operating income (loss)

  

$

(1,698

)

  

$

38

 

  

$

652

    

$

1,210

 

  

$

(1,977

)

  

$

(1,775

)

Financial income, net

                                            

127

  

Loss before tax benefits

                                            

(1,648

)

 

   

Year ended December 31, 2021

  
   

OEM of Heat Transfer Solutions and Aviation Accessories

    

MRO Services for heat transfer components and OEM of heat transfer solutions

    

MRO services for Aviation Components and Lease

    

Overhaul and coating of jet engine components

    

Elimination of inter-Company sales

    

Consolidated

  

Revenues

   $

25,977

     $

18,846

     $

33,232

     $

3,834

     $

(3,916

)

   $

77,973

  

 

                                                

Cost of revenues

    

24,044

      

16,922

      

26,444

      

2,978

      

(3,685

)

    

66,703

  

Gross profit 

    

1,933

      

1,924

      

6,788

      

856

      

(231

)

    

11,270

  

 

                                                

Research and development

    

122

 

    

80

 

    

202

      

160

      

(47

)

    

517

  

Selling and marketing

    

2,040

      

1,015

      

1,961

      

220

      

(89

)

    

5,147

  

General and administrative

    

3,128

      

1,855

      

3,004

      

558

      

(191

)

    

8,354

  

Other expenses (income)

    

(913

 )    

-

      

(432

)

    

(19

 )    

896

      

(468

)

Restructuring expenses, net

     1,338       386       -       31       -       1,755  

Operating income (loss)

  

$

(3,782

)

  

$

(1,412

)

  

$

2,053

 

  

$

(94

)

  

$

(800

)

  

$

(4,035

)

Financial expenses, net

                                            

540

  

Loss before tax benefits  

                                            

(4,575

)

 

   

Year ended December 31, 2020

  
   

OEM of Heat Transfer Solutions and Aviation Accessories

    

MRO Services for heat transfer components and OEM of heat transfer solutions

    

MRO services for Aviation Components and Lease

    

Overhaul and coating of jet engine components

    

Elimination of inter-Company sales

    

Consolidated

  

 

                                    

Revenues

   $

23,125

     $

20,640

     $

31,189

     $

3,546

     $

(3,141

)

   $

75,359

  

 

                                                

Cost of revenues

    

21,703

      

17,885

      

26,961

      

3,312

      

(2,937

)

    

66,924

  

Gross profit (loss)

    

1,422

      

2,755

      

4,228

      

234

      

(204

 )    

8,435

  

 

                                                

Research and development

    

(3

)

    

(2

)

    

7

      

183

 

    

-

      

185

  

Selling and marketing

    

1,429

      

1,152

      

1,527

      

261

      

-

      

4,369

  

General and administrative

    

2,183

      

2,054

      

2,732

      

643

      

-

      

7,612

  

Other expenses (income)

     -       21       -       294       -       315  

Operating income (loss)

  

$

(2,187

)

  

$

(470

)

  

$

(38

)

  

$

(1,147

)

  

$

(204

)

  

$

(4,046

)

Financial expenses, net

                                            

770

  

Loss before taxes on income 

                                            

(4,816

 )

c.The following financial information identifies the assets, depreciation and amortization, and capital expenditures to segments:

 

   

Year ended December 31, 2022

  
   

OEM of Heat Transfer Solutions and Aviation Accessories

    

MRO Services for heat transfer components and OEM of heat transfer solutions

    

MRO services for Aviation Components and Lease

    

Overhaul and coating of jet engine components

    

Amounts not allocated to

segments

    

Consolidated

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

    

24,251

      

39,193

      

55,616

      

8,846

      

(1,255

 )    

126,651

  

Depreciation and amortization

    

690

      

432

      

2,325

      

259

      

-

      

3,706

  

Expenditure for segment assets

    

1,012

      

9,345

      

5,411

      

2,107

      

-

      

17,875

  

 

   

Year ended December 31, 2021

  
   

OEM of Heat Transfer Solutions and Aviation Accessories

    

MRO Services for heat transfer components and OEM of heat transfer solutions

    

MRO services for Aviation Components and Lease

    

Overhaul and coating of jet engine components

    

Amounts not allocated to

segments

    

Consolidated

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

    

27,271

      

27,267

      

45,112

      

7,128

      

4,055

      

110,833

  

Depreciation and amortization

    

2,174

      

740

      

1,683

      

284

      

-

      

4,881

  

Asset’s impairment

    

1,800

      

 

      

 

      

 

      

 

      

1,800

  

Expenditure for segment assets

    

271

      

4,831

      

5,624

      

1,604

      

-

      

12,330