XML 25 R16.htm IDEA: XBRL DOCUMENT v3.23.3

Note 10 - Business Segment Information

9 Months Ended

Sep. 30, 2023

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.

Three-month period ended September 30, 2023:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	31,919			$	7,569			$	-			$	39,488
Segment contribution			7,728				2,046				(7,639	)			2,135
Other expense											(386	)			(386	)
Income tax provision											(446	)			(446	)
Non-controlling interest											27				27
Net income attributable to Ultralife														$	1,330

Three-month period ended September 30, 2022:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	28,583			$	4,651			$	-			$	33,234
Segment contribution			5,345				1,370				(7,301	)			(586	)
Other income											254				254
Income tax benefit											90				90
Non-controlling interest											3				3
Net loss attributable to Ultralife														$	(239	)

Nine-month period ended September 30, 2023:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	94,250			$	19,846			$	-			$	114,096
Segment contribution			21,783				6,015				(21,972	)			5,826
Other income											178				178
Income tax provision											(1,688	)			(1,688	)
Non-controlling interest											8				8
Net income attributable to Ultralife														$	4,324

Nine-month period ended September 30, 2022:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	87,873			$	7,860			$	-			$	95,733
Segment contribution			19,217				2,102				(21,407	)			(88	)
Other income											22				22
Income tax benefit											171				171
Non-controlling interest											-				-
Net income attributable to Ultralife														$	105

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, 2023:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	31,919			$	24,150			$	7,769
Communications Systems			7,569				-				7,569
Total		$	39,488			$	24,150			$	15,338
							61	%			39	%

Three-month period ended September 30, 2022:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	28,583			$	22,878			$	5,705
Communications Systems			4,651				-				4,651
Total		$	33,234			$	22,878			$	10,356
							69	%			31	%

Nine-month period ended September 30, 2023:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	94,250			$	73,319			$	20,931
Communications Systems			19,846				-				19,846
Total		$	114,096			$	73,319			$	40,777
							64	%			36	%

Nine-month period ended September 30, 2022:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	87,873			$	70,154			$	17,719
Communications Systems			7,860				-				7,860
Total		$	95,733			$	70,154			$	25,579
							73	%			27	%

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

Three-month period ended September 30, 2023:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	31,919			$	15,926			$	15,993
Communications Systems			7,569				4,348				3,221
Total		$	39,488			$	20,274			$	19,214
							51	%			49	%

Three-month period ended September 30, 2022:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	28,583			$	13,433			$	15,150
Communications Systems			4,651				3,547				1,104
Total		$	33,234			$	16,980			$	16,254
							51	%			49	%

Nine-month period ended September 30, 2023:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	94,250			$	47,088			$	47,162
Communications Systems			19,846				11,170				8,676
Total		$	114,096			$	58,258			$	55,838
							51	%			49	%

Nine-month period ended September 30, 2022:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	87,873			$	41,303			$	46,570
Communications Systems			7,860				6,609				1,251
Total		$	95,733			$	47,912			$	47,821
							50	%			50	%

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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration