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Note 11 - Business Segment Information

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

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. 

The components of segment performance were as follows:

Three-month period ended September 30, 2020:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	21,819			$	2,543			$	-			$	24,362
Segment contribution			5,677				834				(5,804	)			707
Other expense											(53	)			(53	)
Tax provision											(192	)			(192	)
Non-controlling interest											(55	)			(55	)
Net income attributable to Ultralife														$	407

Three-month period ended September 29, 2019:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	22,578			$	4,915			$	-			$	27,493
Segment contribution			6,117				1,744				(6,555	)			1,306
Other expense											(160	)			(160	)
Tax provision											(225	)			(225	)
Non-controlling interest											(23	)			(23	)
Net income attributable to Ultralife														$	898

Nine-month period ended September 30, 2020:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	66,616			$	12,120			$	-			$	78,736
Segment contribution			17,019				4,789				(17,322	)			4,486
Other expense											(262	)			(262	)
Tax provision											(1,010	)			(1,010	)
Non-controlling interest											(90	)			(90	)
Net income attributable to Ultralife														$	3,124

Nine-month period ended September 29, 2019:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	58,876			$	16,896			$	-			$	75,772
Segment contribution			16,182				5,628				(16,914	)			4,896
Other expense											(301	)			(301	)
Tax provision											(942	)			(942	)
Non-controlling interest											(74	)			(74	)
Net income attributable to Ultralife														$	3,579

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, 2020:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	21,819			$	15,772			$	6,047
Communications Systems			2,543				-				2,543
Total		$	24,362			$	15,772			$	8,590
							65	%			35	%

Three-month period ended September 29, 2019:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	22,578			$	17,677			$	4,901
Communications Systems			4,915				-				4,915
Total		$	27,493			$	17,677			$	9,816
							64	%			36	%

Nine-month period ended September 30, 2020:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	66,616			$	46,746			$	19,870
Communications Systems			12,120				-				12,120
Total		$	78,736			$	46,746			$	31,990
							59	%			41	%

Nine-month period ended September 29, 2019:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	58,876			$	42,736			$	16,140
Communications Systems			16,896				-				16,896
Total		$	75,772			$	42,736			$	33,036
							56	%			44	%

U.S. and Non-U.S. Revenue Information¹:

Three-month period ended September 30, 2020:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	21,819			$	10,820			$	10,999
Communications Systems			2,543				2,263				280
Total		$	24,362			$	13,083			$	11,279
							54	%			46	%

Three-month period ended September 29, 2019:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	22,578			$	11,459			$	11,119
Communications Systems			4,915				4,397				518
Total		$	27,493			$	15,856			$	11,637
							58	%			42	%

Nine-month period ended September 30, 2020:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	66,616			$	36,299			$	30,317
Communications Systems			12,120				10,840				1,280
Total		$	78,736			$	47,139			$	31,597
							60	%			40	%

Nine-month period ended September 29, 2019:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	58,876			$	29,869			$	29,007
Communications Systems			16,896				15,748				1,148
Total		$	75,772			$	45,617			$	30,155
							60	%			40	%

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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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.

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