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Note 9 - Business Segment Information

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

9

- 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. 

2018:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenue		$	70,497			$	16,693			$	-			$	87,190
Segment Contribution			19,574				6,009				(19,028	)			6,555
Other Income											58				58
Income Tax Benefit											18,386				18,386
Non-Controlling Interest											(69	)			(69	)
Net Income Attributable to Ultralife														$	24,930
Total Assets		$	50,511			$	26,875			$	42,718			$	120,104
Capital Expenditures		$	2,948			$	614			$	623			$	4,185
Goodwill		$	8,616			$	11,493				-			$	20,109
Depreciation and Amortization of Intangible Assets		$	1,611			$	375			$	383			$	2,369
Stock-Based Compensation		$	333			$	106			$	451			$	890

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
Other Expense											(181	)			(181	)
Income Tax Benefit											1,369				1,369
Non-Controlling Interest											(16	)			(16	)
Net Income 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

Long-lived assets (including goodwill and intangible assets) held outside the U.S., principally in the United Kingdom and China, were

$11,502

and

$12,443

at

December 31, 2018

and

2017,

respectively.

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

1

:

2018:		Total Revenue				United States				Non-United States
Battery & Energy Products		$	70,497			$	37,898			$	32,599
Communications Systems			16,693				15,156				1,537
Total		$	87,190			$	53,054			$	34,136
							61	%			39	%

2017:		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	%

1

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

may

serve non-U.S. projects

Commercial and Government/Defense Revenue Information:

2018:		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	70,497			$	41,044			$	29,453
Communications Systems			16,693				-				16,693
Total		$	87,190			$	41,044			$	46,146
							47	%			53	%

2017:		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	%

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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://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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