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Note 12 - Business Segment Information

6 Months Ended

Jul. 01, 2018

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

July

1,

2018

:

		Battery & Energy Products				Communi- cations Systems				Corporate				Total
Revenues		$	17,831			$	5,033			$	-			$	22,864
Segment Contribution			4,926				1,624				(4,918	)			1,632
Interest, Financing and Miscellaneous
Income, Net											86				86
Tax Provision											(78	)			(78	)
Non-Controlling Interest											(13	)			(13	)
Net Income Attributable to Ultralife														$	1,627

Three-Month Period Ended

July

2,

201

7

:

		Battery & Energy Products				Communi- cations Systems				Corporate				Total
Revenues		$	16,880			$	3,059			$	-			$	19,939
Segment Contribution			4,741				1,480				(4,899	)			1,322
Interest, Financing and Miscellaneous
Expense, Net											(49	)			(49	)
Tax Provision											(179	)			(179	)
Non-Controlling Interest											-				-
Net Income Attributable to Ultralife														$	1,094

Six-Month Period Ended

July 1, 2018

:

		Battery & Energy Products				Communi- cations Systems				Corporate				Total
Revenues		$	35,055			$	10,878			$	-			$	45,933
Segment Contribution			9,962				3,870				(9,844	)			3,988
Interest, Financing and Miscellaneous
Expense, Net											(48	)			(48	)
Tax Provision											(133	)			(133	)
Non-Controlling Interest											(30	)			(30	)
Net Income Attributable to Ultralife														$	3,777

Six-Month Period Ended

July 2, 2017

:

		Battery & Energy Products				Communi- cations Systems				Corporate				Total
Revenues		$	34,359			$	7,615			$	-			$	41,974
Segment Contribution			9,671				3,440				(9,948	)			3,163
Interest, Financing and Miscellaneous
Expense, Net											(142	)			(142	)
Tax Provision											(266	)			(266	)
Non-Controlling Interest											(6	)			(6	)
Net Income Attributable to Ultralife														$	2,749

The following tables disaggregate our business segment revenues by major source and geography.

Commercial and Government/Defense Revenue Information:

 

Three-Month Period Ended July 1, 2018:		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	17,831			$	10,254			$	7,577
Communications Systems			5,033				-				5,033
Total		$	22,864			$	10,254			$	12,610
							45	%			55	%

Three-Month Period Ended July 2, 2017:		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	16,880			$	10,818			$	6,062
Communications Systems			3,059				-				3,059
Total		$	19,939			$	10,818			$	9,121
							54	%			46	%

Six-Month Period Ended July 1, 2018:		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	35,055			$	19,880			$	15,175
Communications Systems			10,878				-				10,878
Total		$	45,933			$	19,880			$	26,053
							43	%			57	%

Six-Month Period Ended July 2, 2017:		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	34,359			$	20,170			$	14,189
Communications Systems			7,615				-				7,615
Total		$	41,974			$	20,170			$	21,804
							48	%			52	%

U.S. and Non-U.S. Revenue Information

1

:

Three-Month Period Ended July 1, 2018:		Total Revenue				United States				Non-United States
Battery & Energy Products		$	17,831			$	10,647			$	7,184
Communications Systems			5,033				5,033				-
Total		$	22,864			$	15,680			$	7,184
							69	%			31	%

Three-Month Period Ended July 2, 2017:		Total Revenue				United States				Non-United States
Battery & Energy Products		$	16,880			$	7,248			$	9,632
Communications Systems			3,059				2,789				270
Total		$	19,939			$	10,037			$	9,902
							50	%			50	%

Six-Month Period Ended July 1, 2018:		Total Revenue				United States				Non-United States
Battery & Energy Products		$	35,055			$	20,062			$	14,993
Communications Systems			10,878				10,606				272
Total		$	45,933			$	30,668			$	15,265
							67	%			33	%

Six-Month Period Ended July 2, 2017:		Total Revenue				United States				Non-United States
Battery & Energy Products		$	34,359			$	16,665			$	17,694
Communications Systems			7,615				7,257				358
Total		$	41,974			$	23,922			$	18,052
							57	%			43	%

1

Sales classified to U.S. include shipments to U.S.-based prime contractors which in some cases

may

serve non-U.S. projects

X

- References

No definition available.

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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