XML 62 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 10 - Business Segment Information
 12 Months Ended
Dec. 31, 2014
Note 10 - Business Segment Information  
Note 10 - Business Segment Information

Note 10 - Business Segment Information

 

We report our results in two operating segments: Battery & Energy Products and Communications Systems. The Battery & Energy Products segment includes: lithium 9-volt, cylindrical and various other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems and accessories. The Communications Systems segment includes: RF amplifiers, power supplies, cable and connector assemblies, amplified speakers, equipment mounts, case equipment, integrated communication system kits and communications and electronics systems design. We believe that reporting performance at the gross profit level is the best indicator of segment performance.  As such we report segment performance at the gross profit level and operating expenses as Corporate charges.

 

2014:

   Battery & Energy Products  Communi-
cations Systems		  Discontinued Operations  Corporate  Total
Revenue  $56,772   $9,722   $—     $—     $66,494 
Segment contribution   15,516    3,834    —      (20,793)   (1,443)
Interest expense, net                  (205)   (205)
Miscellaneous                  (154)   (154)
Income tax provision                  (268)   (268)
Income (loss) from discontinued operations             (61)        (61)
Noncontrolling interest                  15    15 
Net loss attributable to Ultralife                      $(2,116)
                          
Total assets  $38,415   $29,056        $20,151   $87,622 
Capital expenditures   1,400    1,066         206    2,672 
Goodwill   4,914    11,493              16,407 
Depreciation and amortization   2,089    89         955    3,133 
Stock-based compensation   28    4         971    1,003 

  

2013:

   Battery & Energy Products  Communi-
cations Systems		  Discontinued Operations  Corporate  Total
Revenue  $57,077   $21,758   $—     $—     $78,835 
Segment contribution   14,338    8,283    —      (23,245)   (624)
Interest expense, net                  (199)   (199)
Miscellaneous                  (26)   (26)
Income tax provision                  (239)   (239)
Income (loss) from discontinued operations             128         128 
Noncontrolling interest                  34    34 
Net loss attributable to Ultralife                      $(926)
                          
Total assets  $40,851   $30,068        $19,275   $90,194 
Capital expenditures   635    131              766 
Goodwill   4,926    11,493              16,419 
Depreciation and amortization   2,076    127         1,156    3,359 
Stock-based compensation   20    12    (7)   1,106    1,131 

 

U.S. and Non-U.S. Revenue Information (in millions)1:

 

2014:  Total
Revenue		  United States  Non-United States
Battery & Energy Products  $56.8   $30.7   $26.1 
Communications Systems   9.7    8.7    1.0 
     Total  $66.5   $39.4   $27.1 
         59%   41%

  

2013:  Total
Revenue		  United States  Non-United States
Battery & Energy Products  $57.1   $33.4   $23.7 
Communications Systems   21.7    16.8    4.9 
     Total  $78.8   $50.2   $28.6 
         64%   36%

1 Sales classified to U.S. include shipments to U.S.-based prime contractors which in some cases may serve non-U.S. projects

 

Long-lived assets (including goodwill and intangible assets) held outside the U.S., principally in China, were $5,153 and $4,749 at December 31, 2014 and 2013, respectively.

 

Commercial and Government/Defense Revenue Information:

 

2014:  Total
Revenue		  Commercial  Government/
Defense
Battery & Energy Products  $56.8   $35.3   $21.5 
Communications Systems   9.7    —      9.7 
     Total  $66.5   $35.3   $31.2 
         53%   47%

 

2013:  Total
Revenue		  Commercial  Government/
Defense
Battery & Energy Products  $57.1   $26.6   $30.5 
Communications Systems   21.7    —      21.7 
     Total  $78.8   $26.6   $52.2 
         34%   66%