XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.21.2

GEOGRAPHIC AND SEGMENT INFORMATION | 6 Months Ended
--- | ---
Jun. 30, 2021
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, the Company also considers the following factors in determining the reportable segments: the nature of business activities, the management structure directly accountable to its chief operating decision maker for operating and administrative activities, availability of discrete financial information and information presented to the Board of Directors and investors. Asset information is not reviewed by the chief operating decision maker by segment and is not available by segment, accordingly, the Company has not presented a measure of assets by segment. The Company's 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. 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. Summarized financial information with respect to reportable segments is as follows:
|  |  | Three Months Ended June 30, 2021
(In thousands) |  |  | Advanced Energy |  | OEM |  | Corporate & Other |  | Total
Sales |  |  | $ | 9,978 |  |  | $ | 1,246 |  |  | $ | — |  |  | $ | 11,224 |
Income (loss) from operations |  |  | 326 |  |  | 263 |  |  | (4,632) |  |  | (4,043) |
Interest income |  |  | — |  |  | — |  |  | 4 |  |  | 4 |
Interest expense |  |  | — |  |  | — |  |  | (2) |  |  | (2) |
Other income, net |  |  | — |  |  | — |  |  | 97 |  |  | 97 |
Income tax expense |  |  | — |  |  | — |  |  | 107 |  |  | 107 |
|  |  | Three Months Ended June 30, 2020
(In thousands) |  |  | Advanced Energy |  | OEM |  | Corporate & Other |  | Total
Sales |  |  | $ | 2,867 |  |  | $ | 1,429 |  |  | $ | — |  |  | $ | 4,296 |
Income (loss) from operations |  |  | (3,292) |  |  | 584 |  |  | (3,459) |  |  | (6,167) |
Interest income |  |  | — |  |  | — |  |  | 7 |  |  | 7 |
Interest expense |  |  | — |  |  | — |  |  | (8) |  |  | (8) |
Other loss, net |  |  | — |  |  | — |  |  | (14) |  |  | (14) |
Income tax benefit |  |  | — |  |  | — |  |  | (1,492) |  |  | (1,492) |
|  |  | Six Months Ended June 30, 2021
(In thousands) |  |  | Advanced Energy |  | OEM |  | Corporate & Other |  | Total
Sales |  |  | $ | 17,638 |  |  | $ | 2,224 |  |  | $ | — |  |  | $ | 19,862 |
Income (loss) from operations |  |  | (276) |  |  | 260 |  |  | (8,772) |  |  | (8,788) |
Interest income |  |  | — |  |  | — |  |  | 7 |  |  | 7 |
Interest expense |  |  | — |  |  | — |  |  | (6) |  |  | (6) |
Other income, net |  |  | — |  |  | — |  |  | 4 |  |  | 4 |
Income tax expense |  |  | — |  |  | — |  |  | 173 |  |  | 173 |
|  |  | Six Months Ended June 30, 2020
(In thousands) |  |  | Advanced Energy |  | OEM |  | Corporate & Other |  | Total
Sales |  |  | $ | 6,853 |  |  | $ | 2,440 |  |  | $ | — |  |  | $ | 9,293 |
Income (loss) from operations |  |  | (7,276) |  |  | 831 |  |  | (7,214) |  |  | (13,659) |
Interest income |  |  | — |  |  | — |  |  | 223 |  |  | 223 |
Interest expense |  |  | — |  |  | — |  |  | (14) |  |  | (14) |
Other income, net |  |  | — |  |  | — |  |  | 412 |  |  | 412 |
Income tax benefit |  |  | — |  |  | — |  |  | (6,397) |  |  | (6,397) |
International sales represented approximately 34.2% and 34.8% of total revenues for the three and six months ended June 30, 2021, respectively, as compared with approximately 21.0% and 24.6% of total revenues for the three and six months ended June 30, 2020, respectively. 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) | 2021 |  | 2020 |  | 2021 |  | 2020
Sales by Domestic and International |  |  |  |  |  |  |
Domestic | $ | 7,383 |  |  | $ | 3,393 |  |  | $ | 12,949 |  |  | $ | 7,011 |
International | 3,841 |  |  | 903 |  |  | 6,913 |  |  | 2,282 |
Total | $ | 11,224 |  |  | $ | 4,296 |  |  | $ | 19,862 |  |  | $ | 9,293 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration