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Note 9 - Business Segment Information | 12 Months Ended
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Dec. 31, 2023
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. 2023:
|  | Battery & Energy Products |  |  | Communications Systems |  |  | Corporate |  |  | Total |
Revenue |  | $ | 129,953 |  |  | $ | 28,691 |  |  | $ | - |  |  | $ | 158,644 |
Segment contribution |  |  | 30,775 |  |  |  | 8,425 |  |  |  | (29,725 | ) |  |  | 9,475 |
Other expense, net |  |  |  |  |  |  |  |  |  |  | 358 |  |  |  | 358 |
Income tax provision |  |  |  |  |  |  |  |  |  |  | 1,951 |  |  |  | 1,951 |
Non-controlling interest |  |  |  |  |  |  |  |  |  |  | (31 | ) |  |  | (31 | )
Net loss attributable to Ultralife |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 7,197 |
Total assets |  | $ | 124,411 |  |  | $ | 28,873 |  |  | $ | 24,992 |  |  | $ | 178,276 |
Capital expenditures |  | $ | 2,064 |  |  | $ | 118 |  |  | $ | 370 |  |  | $ | 2,552 |
Goodwill |  | $ | 26,078 |  |  | $ | 11,493 |  |  | $ | - |  |  | $ | 37,571 |
Depreciation and amortization of intangible assets |  | $ | 3,336 |  |  | $ | 183 |  |  | $ | 392 |  |  | $ | 3,911 |
Stock-based compensation |  | $ | 336 |  |  | $ | 74 |  |  | $ | 118 |  |  | $ | 528 |
2022:
|  | Battery & Energy Products |  |  | Communications Systems |  |  | Corporate |  |  | Total |
Revenue |  | $ | 119,995 |  |  | $ | 11,845 |  |  | $ | - |  |  | $ | 131,840 |
Segment contribution |  |  | 26,154 |  |  |  | 3,246 |  |  |  | (29,271 | ) |  |  | 129 |
Other expense, net |  |  |  |  |  |  |  |  |  |  | 575 |  |  |  | 575 |
Income tax benefit |  |  |  |  |  |  |  |  |  |  | (326 | ) |  |  | (326 | )
Non-controlling interest |  |  |  |  |  |  |  |  |  |  | (1 | ) |  |  | (1 | )
Net loss attributable to Ultralife |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (119 | )
Total assets |  | $ | 117,017 |  |  | $ | 29,424 |  |  | $ | 21,989 |  |  | $ | 168,430 |
Capital expenditures |  | $ | 1,371 |  |  | $ | 81 |  |  | $ | 227 |  |  | $ | 1,679 |
Goodwill |  | $ | 25,935 |  |  | $ | 11,493 |  |  | $ | - |  |  | $ | 37,428 |
Depreciation and amortization of intangible assets |  | $ | 3,761 |  |  | $ | 261 |  |  | $ | 437 |  |  | $ | 4,459 |
Stock-based compensation |  | $ | 396 |  |  | $ | 82 |  |  | $ | 298 |  |  | $ | 776 |
Long-lived assets (comprised of property, plant and equipment; goodwill; and other intangible assets) held outside the U.S., principally in Canada, United Kingdom and China, were $23,709 and $24,405 as of December 31, 2023 and 2022, respectively. The following tables disaggregate our business segment revenues by major source and geography. Commercial and Government/Defense Revenue Information: Year ended December 31, 2023:
|  | Total Revenue |  |  | Commercial |  |  | Government/ Defense |
Battery & Energy Products |  | $ | 129,953 |  |  | $ | 100,842 |  |  | $ | 29,111 |
Communications Systems |  |  | 28,691 |  |  |  | - |  |  |  | 28,691 |
Total |  | $ | 158,644 |  |  | $ | 100,842 |  |  | $ | 57,802 |
|  |  |  |  |  |  | 64 | % |  |  | 36 | %
Year ended December 31, 2022:
|  | Total Revenue |  |  | Commercial |  |  | Government/ Defense |
Battery & Energy Products |  | $ | 119,995 |  |  | $ | 93,045 |  |  | $ | 26,950 |
Communications Systems |  |  | 11,845 |  |  |  | - |  |  |  | 11,845 |
Total |  | $ | 131,840 |  |  | $ | 93,045 |  |  | $ | 38,795 |
|  |  |  |  |  |  | 71 | % |  |  | 29 | %
U.S. and Non-U.S. Revenue Information 1: Year ended December 31, 2023:
|  | Total Revenue |  |  | United States |  |  | Non-United States |
Battery & Energy Products |  | $ | 129,953 |  |  | $ | 64,120 |  |  | $ | 65,833 |
Communications Systems |  |  | 28,691 |  |  |  | 17,276 |  |  |  | 11,415 |
Total |  | $ | 158,644 |  |  | $ | 81,396 |  |  | $ | 77,248 |
|  |  |  |  |  |  | 51 | % |  |  | 49 | %
Year ended December 31, 2022:
|  | Total Revenue |  |  | United States |  |  | Non-United States |
Battery & Energy Products |  | $ | 119,995 |  |  | $ | 58,820 |  |  | $ | 61,175 |
Communications Systems |  |  | 11,845 |  |  |  | 9,094 |  |  |  | 2,751 |
Total |  | $ | 131,840 |  |  | $ | 67,914 |  |  | $ | 63,926 |
|  |  |  |  |  |  | 52 | % |  |  | 48 | %
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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- 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
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