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Note 11 - Segment Information
6 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
Note
11
.
S
egment Information
 
As of
September 30, 2019,
we had
four
reporting segments: Sterilization and Disinfection Control, Instruments, Cold Chain Monitoring, and Cold Chain Packaging. The following tables set forth our segment information:
 
   
Three Months Ended September 30, 2019
 
   
Sterilization and Disinfection Control
   
Instruments
   
Cold Chain Monitoring
   
Cold Chain Packaging
   
Total
 
Revenues (1)
  $
12,094
    $
8,960
    $
3,586
    $
896
    $
25,536
 
                                         
Gross profit
  $
8,720
    $
5,545
    $
1,126
    $
85
    $
15,476
 
Reconciling items (2)
   
 
     
 
     
 
     
 
     
(11,812
)
Earnings before income taxes
   
 
     
 
     
 
     
 
    $
3,664
 
 
   
Three Months Ended September 30, 2018
 
   
Sterilization and Disinfection Control
   
Instruments
   
Cold Chain Monitoring
   
Cold Chain Packaging
   
Total
 
Revenues (1)
  $
11,582
    $
8,704
    $
2,950
    $
1,629
    $
24,865
 
                                         
Gross profit
  $
7,972
    $
5,354
    $
1,164
    $
87
    $
14,577
 
Reconciling items (2)
   
 
     
 
     
 
     
 
     
(13,271
)
Earnings before income taxes
   
 
     
 
     
 
     
 
    $
1,306
 
 
 
 
   
Six Months Ended September 30, 2019
     
 
 
   
 
 
   
Sterilization and Disinfection Control
   
Instruments
   
Cold Chain Monitoring
   
Cold Chain Packaging
   
Total
 
Revenues (1)
  $
24,204
    $
18,504
    $
6,903
    $
2,213
    $
51,824
 
Gross profit
  $
17,225
    $
11,608
    $
2,370
    $
412
    $
31,615
 
Reconciling items (2)
   
 
     
 
     
 
     
 
     
(22,591
)
Earnings before income taxes
   
 
     
 
     
 
     
 
    $
9,024
 
 
 
 
   
Six Months Ended September 30, 2018
 
   
Sterilization and Disinfection Control
   
Instruments
   
Cold Chain Monitoring
   
Cold Chain Packaging
   
Total
 
Revenues (1)
  $
22,930
    $
17,435
    $
6,173
    $
3,469
    $
50,007
 
Gross profit
  $
15,784
    $
10,987
    $
2,628
    $
269
    $
29,668
 
Reconciling items (2)
   
 
     
 
     
 
     
 
     
(23,962
)
Earnings before income taxes
   
 
     
 
     
 
     
 
    $
5,706
 
 
 
(
1
)
Intersegment revenues are
not
significant and are eliminated to arrive at consolidated totals.
 
(
2
)
Reconciling items include selling, general and administrative, research and development, legal settlement, and other expenses.
 
The following table sets forth assets by reporting segment: 
 
   
September 30, 2019
   
March 31, 2019
 
Sterilization and Disinfection Control
  $
73,242
    $
74,230
 
Instruments
   
32,142
     
30,911
 
Cold Chain Monitoring
   
30,510
     
32,179
 
Cold Chain Packaging
   
1,133
     
1,590
 
Corporate and administrative
   
255,438
     
17,857
 
Total
  $
392,465
    $
156,767
 
 
As of
September 30, 2019
, all long-lived assets are located in the United States except for
$5,395,
$1,399
 and
$16,738
 which are associated with our French, Canadian, and German subsidiaries, respectively.
 
Revenues from external customers are attributed to individual countries based upon locations to which the product is shipped or exported, as follows:
 
   
Three Months Ended September 30,
   
Six Months Ended September 30,
 
   
2019
   
2018
   
2,019
   
2,018
 
United States
  $
15,006
    $
16,617
    $
30,197
    $
32,165
 
Foreign
   
10,530
     
8,248
     
21,627
     
17,842
 
Total
  $
25,536
    $
24,865
    $
51,824
    $
50,007
 
 
No
foreign country exceeds
10%
of total revenues.