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GEOGRAPHIC AND SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
GEOGRAPHIC AND SEGMENT INFORMATION | GEOGRAPHIC AND SEGMENT INFORMATION Operating segments are aggregated into reportable segments only if they exhibit similar economic characteristics. In addition to similar economic characteristics, we also consider the following factors in determining the reportable segments: the nature of business activities, the management structure directly accountable to our chief operating decision maker for operating and administrative activities, availability of discrete financial information and information presented to the Board of Directors and investors. Our reportable segments are disclosed as principally organized and managed as two operating segments: Advanced Energy and OEM. "Corporate & Other" includes certain unallocated corporate and administrative costs which were not specifically attributed to any reportable segment. Net assets are shared, therefore, not allocated to the reportable segments. The OEM segment is primarily development and manufacturing contract and product driven, all related expenses are recorded as cost of sales, therefore no segment specific operating expenses are incurred. Income (loss) from continuing operations for the first quarter of 2019 was labeled "Net income" instead of "Income (loss) from continuing operations". As a result, income (loss) from continuing operations for the first quarter of 2019 was $(3.4) million for Advanced Energy, $0.8 million for OEM, $(2.6) million for Corporate, and $(5.2) million in total. Summarized financial information with respect to reportable segments is as follows:
| Three Months Ended June 30, 2019
(In thousands) | Advanced Energy |  | OEM |  | Corporate & Other |  | Total
Sales | $ | 5,269 |  |  | $ | 1,299 |  |  | $ | — |  |  | $ | 6,568 |
Income (loss) from continuing operations | (1,011 | ) |  | 136 |  |  | (3,590 | ) |  | (4,465 | )
Interest income | — |  |  | — |  |  | 403 |  |  | 403 |
Other losses | — |  |  | — |  |  | (200 | ) |  | (200 | )
Income tax (benefit) expense | — |  |  | — |  |  | 76 |  |  | 76 |
| Three Months Ended June 30, 2018
(In thousands) | Advanced Energy |  | OEM |  | Corporate & Other |  | Total
Sales | $ | 3,113 |  |  | $ | 578 |  |  | $ | — |  |  | $ | 3,691 |
Income (loss) from continuing operations | (792 | ) |  | 302 |  |  | (2,443 | ) |  | (2,933 | )
Interest expense | — |  |  | — |  |  | (38 | ) |  | (38 | )
Change in fair value of derivative liabilities | — |  |  | — |  |  | 46 |  |  | 46 |
Income tax (benefit) expense | — |  |  | — |  |  | 13 |  |  | 13 |
| Six Months Ended June 30, 2019
(In thousands) | Advanced Energy |  | OEM |  | Corporate & Other |  | Total
Sales | 9,640 |  |  | 2,751 |  |  | — |  |  | 12,391 |
Income (loss) from continuing operations | (4,399 | ) |  | 921 |  |  | (6,190 | ) |  | (9,668 | )
Interest income | — |  |  | — |  |  | 826 |  |  | 826 |
Other losses | — |  |  | — |  |  | (225 | ) |  | (225 | )
Income tax (benefit) expense | — |  |  | — |  |  | (48 | ) |  | (48 | )
| Six Months Ended June 30, 2018
(In thousands) | Advanced Energy |  | OEM |  | Corporate & Other |  | Total
Sales | 5,742 |  |  | 1,346 |  |  | — |  |  | 7,088 |
Income (loss) from continuing operations | (1,370 | ) |  | 708 |  |  | (4,991 | ) |  | (5,653 | )
Interest expense | — |  |  | — |  |  | (72 | ) |  | (72 | )
Change in value of derivative liabilities | — |  |  | — |  |  | 20 |  |  | 20 |
Income tax (benefit) expense | — |  |  | — |  |  | 24 |  |  | 24 |
International sales represented approximately 30.9% of total revenues for the three months ended June 30, 2019, as compared with 19.8% of total revenues for the same prior year period. International sales represented approximately 30.2% of total revenues for the six months ended June 30, 2019, as compared with 19.3% of total revenues for the same prior year period. Substantially all of these sales are denominated in U.S. dollars. Revenue by geographic region, based on the customer's “ship to” location on the invoice, are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Sales by Domestic and International |  |  |  |  |  |  |
Domestic | $ | 4,540 |  |  | $ | 2,960 |  |  | $ | 8,644 |  |  | $ | 5,718 |
International | 2,028 |  |  | 731 |  |  | 3,747 |  |  | 1,370 |
Total | $ | 6,568 |  |  | $ | 3,691 |  |  | $ | 12,391 |  |  | $ | 7,088 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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