XML 34 R24.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Information
9 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information

 

 

 

 

 

 

 

 

 

 

 

16.            Segment Information

The following tables present certain operating segment information for the three and nine months ended June 30, 2020 and 2019.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology Solutions Segment

 

 

 

 

 

High

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

United

 

 

 

 

 

 

 

Consolidated

For the three months ended June 30, 

    

Segment

    

Kingdom

    

U.S.

    

Total

    

Total

 

 

(Amounts in thousands)

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

780

 

$

75

 

$

9,439

 

$

9,514

 

$

10,294

Service

 

 

803

 

 

132

 

 

2,303

 

 

2,435

 

 

3,238

Total sales

 

$

1,583

 

$

207

 

$

11,742

 

$

11,949

 

$

13,532

Income (loss) from operations

 

$

(765)

 

$

32

 

$

340

 

$

372

 

$

(393)

Total assets

 

$

9,046

 

$

10,729

 

$

34,486

 

$

45,215

 

$

54,261

Capital expenditures

 

 

 —

 

 

 —

 

 

45

 

 

45

 

 

45

Depreciation and amortization

 

 

50

 

 

 —

 

 

63

 

 

63

 

 

113

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Sales:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Product

 

$

1,592

 

$

720

 

$

15,764

 

$

16,484

 

$

18,076

Service

 

 

548

 

 

109

 

 

2,837

 

 

2,946

 

 

3,494

Total sales

 

$

2,140

 

$

829

 

$

18,601

 

$

19,430

 

$

21,570

Income (loss) from operations

 

$

(484)

 

$

(25)

 

$

654

 

$

629

 

$

145

Total assets

 

$

12,287

 

$

12,540

 

$

31,665

 

$

44,205

 

$

56,492

Capital expenditures

 

 

39

 

 

 —

 

 

283

 

 

283

 

 

322

Depreciation and amortization

 

 

58

 

 

 —

 

 

45

 

 

45

 

 

103

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology Solutions Segment

 

 

 

 

 

High

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

United

 

 

 

 

 

 

 

Consolidated

For the nine months ended June 30, 

    

Segment

    

Kingdom

    

U.S.

    

Total

    

Total

 

 

(Amounts in thousands)

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

2,469

 

$

812

 

$

32,531

 

$

33,343

 

$

35,812

Service

 

 

1,630

 

 

342

 

 

8,415

 

 

8,757

 

 

10,387

Total sales

 

$

4,099

 

$

1,154

 

$

40,946

 

$

42,100

 

$

46,199

Income (loss) from operations

 

$

(3,052)

 

$

(15)

 

$

2,129

 

$

2,114

 

$

(938)

Total assets

 

$

9,046

 

$

10,729

 

$

34,486

 

$

45,215

 

$

54,261

Capital expenditures

 

 

63

 

 

 —

 

 

222

 

 

222

 

 

285

Depreciation and amortization

 

 

165

 

 

 3

 

 

184

 

 

187

 

 

352

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Sales:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Product

 

$

4,700

 

$

4,340

 

$

38,350

 

$

42,690

 

$

47,390

Service

 

 

1,080

 

 

274

 

 

8,156

 

 

8,430

 

 

9,510

Total sales

 

$

5,780

 

$

4,614

 

$

46,506

 

$

51,120

 

$

56,900

Income (loss) from operations

 

$

(2,404)

 

$

107

 

$

1,686

 

$

1,793

 

$

(611)

Total assets

 

$

12,287

 

$

12,540

 

$

31,665

 

$

44,205

 

$

56,492

Capital expenditures

 

 

279

 

 

 —

 

 

311

 

 

311

 

 

590

Depreciation and amortization

 

 

166

 

 

 3

 

 

140

 

 

143

 

 

309

Income (loss) from operations consists of sales less cost of sales, engineering and development expenses, and selling, general and administrative expenses but is not affected by either other income/expense or by income taxes expense (benefit). Non-operating expenses/income consists principally of investment income, interest income from transactions with payment terms exceeding one year (see Note 6 for details), and interest expense. All intercompany transactions have been eliminated.

The following table lists customers from which the Company derived revenues in excess of 10% of total revenues for the three and nine months ended June 30, 2020 and 2019.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30, 

 

For the nine months ended June 30, 

 

 

 

2020

 

2019

 

2020

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer

 

% of Total

 

Customer

 

% of Total

 

Customer

 

% of Total

 

Customer

 

% of Total

 

 

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

 

 

(Dollar amounts in millions)

 

Customer A

 

$

0.8

 

 6

%

$

3.8

 

18

%

$

4.0

 

 9

%

$

6.8

 

12

%

Customer B

 

$

3.2

 

23

%

$

3.0

 

14

%

$

7.0

 

15

%

$

5.0

 

 9

%

Customer C

 

$

1.6

 

12

%

$

1.9

 

 9

%

$

2.3

 

 5

%

$

3.4

 

 6

%

 

Customer B totaled approximately $6.3 million, or 39%, and approximately $7.4 million, or 36%, of total consolidated accounts receivable and long-term receivable as of June 30, 2020 and September 30, 2019, respectively. There were no other customers that were more than 10% of total consolidated accounts receivable and long-term receivable as of June 30, 2020. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with any customers as of June 30, 2020.