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Note 13 - Business Segment Information

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

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 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

September 30

,

2018

:

		Battery & Energy Products				Communi- cations Systems				Corporate				Total
Revenues		$	17,289			$	3,041			$	-			$	20,330
Segment Contribution			4,702				1,339				(4,541	)			1,500
Interest, Financing and Miscellaneous Income, Net											21				21
Tax Provision											(86	)			(86	)
Non-Controlling Interest											(27	)			(27	)
Net Income Attributable to Ultralife														$	1,408

Three-Month Period Ended

October 1, 2017

:

		Battery & Energy Products				Communi- cations Systems				Corporate				Total
Revenues		$	18,616			$	2,431			$	-			$	21,047
Segment Contribution			5,186				1,069				(4,992	)			1,263
Interest, Financing and Miscellaneous Expense, Net											(58	)			(58	)
Tax Provision											(104	)			(104	)
Non-Controlling Interest											(3	)			(3	)
Net Income Attributable to Ultralife														$	1,098

Nine

-Month Period Ended

September 30

,

2018

:

		Battery & Energy Products				Communi- cations Systems				Corporate				Total
Revenues		$	52,344			$	13,919			$	-			$	66,263
Segment Contribution			14,664				5,209				(14,385	)			5,488
Interest, Financing and Miscellaneous Expense, Net											(27	)			(27	)
Tax Provision											(219	)			(219	)
Non-Controlling Interest											(57	)			(57	)
Net Income Attributable to Ultralife														$	5,185

Nine

-Month Period Ended

October 1, 2017

:

		Battery & Energy Products				Communi- cations Systems				Corporate				Total
Revenues		$	52,977			$	10,045			$	-			$	63,022
Segment Contribution			14,858				4,508				(14,940	)			4,426
Interest, Financing and Miscellaneous Expense, Net											(200	)			(200	)
Tax Provision											(370	)			(370	)
Non-Controlling Interest											(8	)			(8	)
Net Income Attributable to Ultralife														$	3,848

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

Commercial and Government/Defense Revenue Information:

 

Three-Month Period Ended September 30 , 2018:		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	17,289			$	10,127			$	7,162
Communications Systems			3,041				-				3,041
Total		$	20,330			$	10,127			$	10,203
							50	%			50	%

Three-Month Period Ended October 1, 2017 :		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	18,616			$	10,817			$	7,799
Communications Systems			2,431				-				2,431
Total		$	21,047			$	10,817			$	10,230
							51	%			49	%

Nine -Month Period Ended September 30 , 2018:		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	52,344			$	30,007			$	22,337
Communications Systems			13,919				-				13,919
Total		$	66,263			$	30,007			$	36,256
							45	%			55	%

Nine -Month Period Ended October 1, 2017 :		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	52,977			$	30,988			$	21,989
Communications Systems			10,045				-				10,045
Total		$	63,022			$	30,988			$	32,034
							49	%			51	%

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

1

:

Three-Month Period Ended September 30 , 2018:		Total Revenue				United States				Non-United States
Battery & Energy Products		$	17,289			$	9,389			$	7,900
Communications Systems			3,041				2,140				901
Total		$	20,330			$	11,529			$	8,801
							57	%			43	%

Three-Month Period Ended October 1, 2017 :		Total Revenue				United States				Non-United States
Battery & Energy Products		$	18,616			$	9,161			$	9,455
Communications Systems			2,431				2,144				287
Total		$	21,047			$	11,305			$	9,742
							54	%			46	%

Nine -Month Period Ended September 30 , 2018:		Total Revenue				United States				Non-United States
Battery & Energy Products		$	52,344			$	29,451			$	22,893
Communications Systems			13,919				12,747				1,172
Total		$	66,263			$	42,198			$	24,065
							64	%			36	%

Nine -Month Period Ended October 1, 2017 :		Total Revenue				United States				Non-United States
Battery & Energy Products		$	52,977			$	25,832			$	27,145
Communications Systems			10,045				9,399				646
Total		$	63,022			$	35,231			$	27,791
							56	%			44	%

1

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

may

serve non-U.S. projects

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- References

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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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