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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2023
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 in 2021 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 total assets.
 
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, 2023
  
   
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 external
  
$
27,555
    
$
28,625
    
$
50,760
    
$
6,854
          
$
113,794
  
Revenues internal
            
4,370
                      
(4,370
)
    
-
  
                                                 
Cost of revenues
    
20,193
      
30,176
      
41,788
      
4,110
      
(4,941
)
    
91,326
  
Gross profit
    
7,362
      
2,819
      
8,972
      
2,744
      
571
      
22,468
  
                                                 
Research and development
    
159
      
177
      
268
      
111
              
715
  
Selling and marketing
    
1,618
      
1,539
      
2,040
      
326
              
5,523
  
General and administrative
    
2,772
      
3,436
      
3,555
      
825
              
10,588
  
Other expenses (income)
    
9
      
(3
)
    
(439
)
    
(423
)
    
423
      
(433
)
                                                 
Operating income (loss)
  
$
2,804
    
$
(2,330
)
  
$
3,548
    
$
1,905
    
$
148
    
$
6,075
  
Financial expenses, net
                                            
(1,330
 )
Loss before tax benefits
                                            
4,745
  
 
   
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 external
  
$
21,844
    
$
21,063
    
$
35,879
    
$
5,770
      
-
    
$
84,556
  
Revenues internal
    
-
      
3,733
      
-
      
-
      
(3,733
)
    
-
  
                                                 
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 expenses, 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 external
  
$
25,977
    
$
14,930
    
$
33,232
    
$
3,834
      
-
    
$
77,973
  
Revenues internal
    
-
      
3,916
      
-
      
-
      
(3,916
)
    
-
  
                                                 
Cost of revenues
    
24,044
      
16,922
      
26,444
      
2,978
      
(3,685
)
    
66,703
  
Gross profit (loss)
    
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
  
Profit (loss) before taxes on income
                                            
(4,575
)
 

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

 
   
Year ended December 31, 2023
  
   
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
    
39,131
      
42,491
      
58,023
      
9,400
      
(3,468
)
    
145,577
  
Depreciation and amortization
    
557
      
878
      
3,078
      
268
      
(71
)
    
4,710
  
Expenditure for segment assets
    
3,519
      
1,352
      
252
      
458
              
4,390
  
 
   
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