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Note 11 - Business Segment Information

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

11

- 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, 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. 

2017:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenue		$	69,789			$	15,742			$	-			$	85,531
Segment Contribution			19,659				6,573				(19,756	)			6,476
Interest Expense, Net											(183	)			(183	)
Miscellaneous											(2	)			(2	)
Income Tax Benefit											1,369				1,369
Non-Controlling Interest											(16	)			(16	)
Net Loss Attributable to Ultralife														$	7,648
Total Assets		$	44,720			$	32,169			$	20,297			$	97,186
Capital Expenditures		$	1,015			$	212			$	63			$	1,290
Goodwill		$	8,965			$	11,493			$	-			$	20,458
Depreciation and Amortization of Intangible Assets		$	1,830			$	430			$	167			$	2,427
Stock-Based Compensation		$	301			$	88			$	264			$	653

2016

:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenue		$	64,753			$	17,707			$	-			$	82,460
Segment Contribution			19,580				5,528				(21,345	)			3,763
Interest Expense, Net											(263	)			(263	)
Miscellaneous											80				80
Income Tax Provision											(98	)			(98	)
Non-Controlling Interest											27				27
Net Income Attributable to Ultralife														$	3,509
Total Assets		$	39,691			$	32,021			$	13,032			$	84,744
Capital Expenditures		$	852			$	158			$	367			$	1,377
Goodwill		$	8,472			$	11,493			$	-			$	19,965
Depreciation and Amortization of Intangible Assets		$	2,042			$	541			$	143			$	2,726
Stock-Based Compensation		$	403			$	110			$	197			$	710

U.S. and

No

n-U.S. Revenue Information

1

:

201 7 :		Total Revenue				United States				Non-United States
Battery & Energy Products		$	69,789			$	33,397			$	36,392
Communications Systems			15,742				14,217				1,525
Total		$	85,531			$	47,614			$	37,917
							56	%			44	%

2016:		Total Revenue				United States				Non-United States
Battery & Energy Products		$	64,753			$	29,587			$	35,166
Communications Systems			17,707				15,507				2,200
Total		$	82,460			$	45,094			$	37,366
							55	%			45	%

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 the United Kingdom and China, were

$12,443

and

$11,652

at

December 31, 2017

and

2016,

respectively.

Commercial and Government/Defense Revenue Information:

201 7 :		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	69,789			$	40,790			$	28,999
Communications Systems			15,742				-				15,742
Total		$	85,531			$	40,790			$	44,741
							48	%			52	%

201 6 :		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	64,753			$	40,886			$	23,867
Communications Systems			17,707				-				17,707
Total		$	82,460			$	40,886			$	41,574
							50	%			50	%

X

- References

No definition available.

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X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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