XML 28 R15.htm IDEA: XBRL DOCUMENT v3.24.1

Note 9 - Business Segment Information

12 Months Ended

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 Information¹:

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.

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