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Note 13 - Business Segment Information
 12 Months Ended
Dec. 31, 2015
Note 13 - Business Segment Information  
Note 13 - Business Segment Information

Note 13 - 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.

 

2015:

   Battery & Energy Products 

Communi-

cations Systems

  Discontinued Operations  Corporate  Total
Revenue  $65,272   $11,155   $—     $—     $76,427 
Segment contribution   18,698    4,618    —      (19,986)   3,330 
Interest expense, net                  (245)   (245)
Miscellaneous                  65    65 
Income tax provision                  (310)   (310)
Noncontrolling interest                  29    29 
Net income attributable to Ultralife                      $2,869 
                          
Total assets  $35,295   $28,849        $17,378   $81,522 
Capital expenditures   355    973         562    1,890 
Goodwill   4,790    11,493              16,283 
Depreciation and amortization   1,625    98         984    2,707 
Intangible asset impairment        150              150 
Stock-based compensation   46    3         522    571 

 

  

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        $20,171   $87,642 
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 

 

 

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

 

2015: 

Total

Revenue

  United States  Non-United States
Battery & Energy Products  $65.3   $37.1   $28.2 
Communications Systems   11.1    9.6    1.5 
     Total  $76.4   $46.7   $29.7 
         61%   39%

 

 

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%
                

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 $4,748 and $5,153 at December 31, 2015 and 2014, respectively.

 

Commercial and Government/Defense Revenue Information:

 

2015: 

Total

Revenue

  Commercial 

Government/

Defense

Battery & Energy Products  $65.3   $33.7   $31.6 
Communications Systems   11.1    —      11.1 
     Total  $76.4   $33.7   $42.7 
         44%   56%

 

 

2014: 

Total

Revenue

  Commercial 

Government/

Defense

Battery & Energy Products  $56.8   $30.1   $26.7 
Communications Systems   9.7    —      9.7 
     Total  $66.5   $30.1   $36.4 
         45%   55%