XML 28 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 12 - Business Segment Information
 9 Months Ended
Oct. 01, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
12.
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 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, man-portable systems, integrated communication systems for fixed or vehicle applications 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.
 
The components of segment performance were as follows:
 
 
Three-Month Period Ended
October 1
,
2017
:
 
   
Battery &
Energy
Products
    
Communi-
cations
Systems
    
Corporate
    
Total
  
Revenues
   $
18,616
     $
2,431
     $
-
     $
21,047
  
Segment C
ontribution
    
5,186
      
1,069
      
(4,992
 )    
1,263
  
Interest, F
inancing
and M
iscellaneous
E
xpense, Net
    
 
      
 
      
(58
 )    
(58
 )
Tax P
rovision
    
 
      
 
      
(104
 )    
(104
 )
Non-C
ontrolling Interest
    
 
      
 
      
(3
 )    
(3
 )
Net
Income Attributable
to Ultralife
    
 
      
 
      
 
     $
1,098
  
Total A
ssets
   $
45,221
     $
31,465
     $
16,655
     $
93,341
  
 
 
Three-Month Period Ended
September 25
,
2016
:
 
   
Battery &
Energy
Products
    
Communi-
cations
Systems
    
Corporate
    
Total
  
Revenues
   $
14,943
     $
4,688
     $
-
     $
19,631
  
Segment Contribution
    
4,522
      
1,475
      
(4,859
 )    
1,138
  
Interest, Financing and Miscellaneous Expense, Net
    
 
      
 
      
(30
 )    
(30
 )
Tax Provision
    
 
      
 
      
(92
 )    
(92
 )
Non-Controlling Interest
    
 
      
 
      
3
      
3
  
Net Income Attributable to Ultralife
    
 
      
 
      
 
     $
1,019
  
Total Assets
   $
42,394
     $
32,129
     $
9,034
     $
83,557
  
 
Nine
-Month Period Ended
October 1
,
2017
:
 
   
Battery &
Energy
Products
    
Communi-
cations
S
ystems
    
Corporate
    
Total
  
Revenues
   $
52,977
     $
10,045
     $
-
     $
63,022
  
Segment C
ontribution
    
14,858
      
4,508
      
(14,940
 )    
4,426
  
Interest, F
inancing
and M
iscellaneous
Expense, Net
    
 
      
 
      
(200
 )    
(200
 )
Tax Provision
    
 
      
 
      
(370
 )    
(370
 )
Non-Controlling Interest
    
 
      
 
      
(8
 )    
(8
 )
Net Income Attributable to Ultralife
    
 
      
 
      
 
     $
3,848
  
 
 
Nine
-Month Period Ended
September 25
,
2016
:
 
   
Battery &
Energy
Products
    
Communi-
cations
S
ystems
    
Corporate
    
Total
  
Revenues
   $
47,142
     $
13,693
     $
-
     $
60,835
  
Segment Contribution
    
14,404
      
3,898
      
(16,183
 )    
2,119
  
Interest, Financing and Miscellaneous Expense, Net
    
 
      
 
      
(167
 )    
(167
 )
Tax Provision
    
 
      
 
      
(213
 )    
(213
 )
Non-Controlling Interest
    
 
      
 
      
25
      
25
  
Net Income Attributable to Ultralife
    
 
      
 
      
 
     $
1,764