XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.20.4

Note 11 - Business Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2020
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. 2020:
|  | Battery & Energy Products |  |  | Communications Systems |  |  | Corporate |  |  | Total |
Revenue |  | $ | 91,907 |  |  | $ | 15,805 |  |  | $ | - |  |  | $ | 107,712 |
Segment contribution |  |  | 23,400 |  |  |  | 5,759 |  |  |  | (23,458 | ) |  |  | 5,701 |
Other income |  |  |  |  |  |  |  |  |  |  | (1,322 | ) |  |  | (1,322 | )
Income tax expense |  |  |  |  |  |  |  |  |  |  | 1,692 |  |  |  | 1,692 |
Non-controlling interest |  |  |  |  |  |  |  |  |  |  | 99 |  |  |  | 99 |
Net income attributable to Ultralife |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,232 |
Total assets |  | $ | 85,112 |  |  | $ | 26,425 |  |  | $ | 26,164 |  |  | $ | 137,701 |
Capital expenditures |  | $ | 3,031 |  |  | $ | - |  |  | $ | 70 |  |  | $ | 3,101 |
Goodwill |  | $ | 15,525 |  |  | $ | 11,493 |  |  |  | - |  |  | $ | 27,018 |
Depreciation and amortization of intangible assets |  | $ | 2,269 |  |  | $ | 342 |  |  | $ | 324 |  |  | $ | 2,935 |
Stock-based compensation |  | $ | 446 |  |  | $ | 155 |  |  | $ | 342 |  |  | $ | 943 |
2019:
|  | Battery & Energy Products |  |  | Communications Systems |  |  | Corporate |  |  | Total |
Revenue |  | $ | 83,996 |  |  | $ | 22,799 |  |  | $ | - |  |  | $ | 106,795 |
Segment contribution |  |  | 22,813 |  |  |  | 8,352 |  |  |  | (23,797 | ) |  |  | 7,368 |
Other expense |  |  |  |  |  |  |  |  |  |  | 597 |  |  |  | 597 |
Income tax expense |  |  |  |  |  |  |  |  |  |  | 1,457 |  |  |  | 1,457 |
Non-controlling interest |  |  |  |  |  |  |  |  |  |  | 109 |  |  |  | 109 |
Net income attributable to Ultralife |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,205 |
Total assets |  | $ | 79,413 |  |  | $ | 40,458 |  |  | $ | 24,686 |  |  | $ | 144,557 |
Capital expenditures |  | $ | 5,805 |  |  | $ | 44 |  |  | $ | 432 |  |  | $ | 6,281 |
Goodwill |  | $ | 15,260 |  |  | $ | 11,493 |  |  |  | - |  |  | $ | 26,753 |
Depreciation and amortization of intangible assets |  | $ | 2,104 |  |  | $ | 364 |  |  | $ | 277 |  |  | $ | 2,745 |
Stock-based compensation |  | $ | 355 |  |  | $ | 119 |  |  | $ | 279 |  |  | $ | 753 |
Long-lived assets (comprised of property, plant and equipment; goodwill; and other intangible assets) held outside the U.S., principally in the United Kingdom and China, were $12,456 and $12,414 as of December 31, 2020 and 2019, respectively. The following tables disaggregate our business segment revenues by major source and geography. Commercial and Government/Defense Revenue Information: Year ended December 31, 2020:
|  | Total Revenue |  |  | Commercial |  |  | Government/ Defense |
Battery & Energy Products |  | $ | 91,907 |  |  | $ | 62,330 |  |  | $ | 29,577 |
Communications Systems |  |  | 15,805 |  |  |  | - |  |  |  | 15,805 |
Total |  | $ | 107,712 |  |  | $ | 62,330 |  |  | $ | 45,382 |
|  |  |  |  |  |  | 58 | % |  |  | 42 | %
Year ended December 31, 2019:
|  | Total Revenue |  |  | Commercial |  |  | Government/ Defense |
Battery & Energy Products |  | $ | 83,996 |  |  | $ | 59,682 |  |  | $ | 24,314 |
Communications Systems |  |  | 22,799 |  |  |  | - |  |  |  | 22,799 |
Total |  | $ | 106,795 |  |  | $ | 59,682 |  |  | $ | 47,113 |
|  |  |  |  |  |  | 56 | % |  |  | 44 | %
U.S. and Non-U.S. Revenue Information1: Year ended December 31, 2020:
|  | Total Revenue |  |  | United States |  |  | Non-United States |
Battery & Energy Products |  | $ | 91,907 |  |  | $ | 49,930 |  |  | $ | 41,977 |
Communications Systems |  |  | 15,805 |  |  |  | 12,325 |  |  |  | 3,480 |
Total |  | $ | 107,712 |  |  | $ | 62,255 |  |  | $ | 45,457 |
|  |  |  |  |  |  | 58 | % |  |  | 42 | %
Year ended December 31, 2019:
|  | Total Revenue |  |  | United States |  |  | Non-United States |
Battery & Energy Products |  | $ | 83,996 |  |  | $ | 42,224 |  |  | $ | 41,772 |
Communications Systems |  |  | 22,799 |  |  |  | 21,151 |  |  |  | 1,648 |
Total |  | $ | 106,795 |  |  | $ | 63,375 |  |  | $ | 43,420 |
|  |  |  |  |  |  | 59 | % |  |  | 41 | %
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. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration