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Note 15 - Segment Data

12 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

1

5

. Segment Data

As of

March 31, 2016,

our

four

operating segments were Biological Indicators, Instruments, Continuous Monitoring and Cold Chain. Effective

April 1, 2016

we renamed our Continuous Monitoring and Cold Chain operating segments to Cold Chain Monitoring and Cold Chain Packaging, respectively. In addition, we transferred certain of the Cold Chain monitoring and other services to our Cold Chain Monitoring operating segment (historically included in our Cold Chain operating segment) to align with the information being used by the chief decision maker of the Company. Accordingly, all prior year segment information presented herein has been adjusted to reflect this change in our organizational structure. The following tables set forth our segment information (in thousands):

		Year Ended March 31, 201 7
		Biological Indicators				Instruments				Cold Chain Monitoring				Cold Chain Packaging				Total
Revenues		$	38,635			$	34,405			$	12,584			$	8,041			$	93,665
Gross profit		$	25,566			$	21,172			$	4,533			$	1,968				53,239
Reconciling items (1)																			(38,943	)
Earnings before income taxes																		$	14,296

		Year Ended March 31, 201 6
		Biological Indicators				Instruments				Cold Chain Monitoring				Cold Chain Packaging				Total
Revenues		$	33,649			$	35,692			$	11,566			$	3,752			$	84,659
Gross profit		$	22,205			$	23,223			$	4,201			$	1,784				51,413
Reconciling items (1)																			(35,858	)
Earnings before income taxes																		$	15,555

		Year Ended March 31, 2015
		Biological Indicators				Instruments				Cold Chain Monitoring				Cold Chain Packaging				Total
Revenues		$	27,390			$	33,054			$	10,886			$	--			$	71,330
Gross profit		$	17,142			$	20,763			$	5,487			$	--			$	43,392
Reconciling items (1)																			(28,045	)
Earnings before income taxes																		$	15,347

(

1

)

Reconciling items include general and administrative, research and development, and other expenses.

Revenues from external customers are attributed to individual countries based upon locations to which the product is shipped or exported, as follows (in thousands):

		Year Ended March 31,
		201 7				201 6				201 5
Revenues from unaffiliated customers
United States		$	52,989			$	53,094			$	45,798
Foreign			40,676				31,565				25,532
		$	93,665			$	84,659			$	71,330

No

foreign country exceeds

ten

percent of total revenues.

		March 31,
		2017				2016
Total assets
Biological Indicators		$	67,233			$	56,724
Instruments			40,805				49,077
Cold Chain Monitoring			35,789				27,613
Cold Chain Packaging			20,313				19,478
Corporate and administrative			7,593				7,856
		$	171,733			$	160,748

All long-lived assets are located in the United States except for

$6,382,000

and

$20,655,000

which are associated with our French and Canadian subsidiaries, respectively.

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X

- 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
-URI http://asc.fasb.org/topic&trid=2134510

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