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Note 10 - Business Segment Information

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

10. 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 June 30, 2021:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	22,875			$	3,895			$	-			$	26,770
Segment contribution			6,016				1,251				(6,176	)			1,091
Other expense											(21	)			(21	)
Income tax provision											(248	)			(248	)
Non-controlling interest											(11	)			(11	)
Net income attributable to Ultralife														$	811

Three-month period ended June 30, 2020:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	24,036			$	4,524			$	-			$	28,560
Segment contribution			6,026				1,937				(5,669	)			2,294
Other expense											(117	)			(117	)
Income tax provision											(499	)			(499	)
Non-controlling interest											(20	)			(20	)
Net income attributable to Ultralife														$	1,658

Six-month period ended June 30, 2021:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	44,986			$	7,757			$	-			$	52,743
Segment contribution			11,452				2,793				(12,202	)			2,043
Other expense											(77	)			(77	)
Income tax provision											(465	)			(465	)
Non-controlling interest											(19	)			(19	)
Net income attributable to Ultralife														$	1,482

Six-month period ended June 30, 2020:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	44,797			$	9,577			$	-			$	54,374
Segment contribution			11,342				3,955				(11,518	)			3,779
Other expense											(209	)			(209	)
Income tax provision											(818	)			(818	)
Non-controlling interest											(35	)			(35	)
Net income attributable to Ultralife														$	2,717

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

Commercial and Government/Defense Revenue Information:

Three-month period ended June 30, 2021:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	22,875			$	16,011			$	6,864
Communications Systems			3,895				-				3,895
Total		$	26,770			$	16,011			$	10,759
							60	%			40	%

Three-month period ended June 30, 2020:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	24,036			$	16,172			$	7,864
Communications Systems			4,524				-				4,524
Total		$	28,560			$	16,172			$	12,388
							57	%			43	%

Six-month period ended June 30, 2021:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	44,986			$	30,356			$	14,630
Communications Systems			7,757				-				7,757
Total		$	52,743			$	30,356			$	22,387
							58	%			42	%

Six-month period ended June 30, 2020:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	44,797			$	30,974			$	13,823
Communications Systems			9,577				-				9,577
Total		$	54,374			$	30,974			$	23,400
							57	%			43	%

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

Three-month period ended June 30, 2021:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	22,875			$	11,813			$	11,062
Communications Systems			3,895				1,953				1,942
Total		$	26,770			$	13,766			$	13,004
							51	%			49	%

Three-month period ended June 30, 2020:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	24,036			$	14,195			$	9,841
Communications Systems			4,524				4,224				300
Total		$	28,560			$	18,419			$	10,141
							64	%			36	%

Six-month period ended June 30, 2021:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	44,986			$	24,403			$	20,583
Communications Systems			7,757				3,421				4,336
Total		$	52,743			$	27,824			$	24,919
							53	%			47	%

Six-month period ended June 30, 2020:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	44,797			$	25,479			$	19,318
Communications Systems			9,577				8,577				1,000
Total		$	54,374			$	34,056			$	20,318
							63	%			37	%

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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