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Segment Information
 9 Months Ended
Nov. 01, 2014
Segment Reporting [Abstract]  
Segment Information

(10) Segment Information

Astro-Med reports two segments: QuickLabel Systems (QuickLabel) and Test & Measurement (T&M). On January 31, 2013, the Company completed the sale of substantially all of the assets of its Grass Technologies Product Group (Grass) in order to focus on its existing core businesses. The Company has classified the results of operations of Grass as discontinued operations for the three and nine months ended November 2, 2013. Refer to Note 15, “Discontinued Operations” for a further discussion.

On January 22, 2014, Astro-Med completed the acquisition of the ruggedized printer product line from Miltope. Astro-Med’s ruggedized printer product line is part of the Ruggedized product group and is reported as part of the T&M segment. The results of the Miltope’s ruggedized printer product line operations have been included below for the three and nine months periods ended November 1, 2014. Assuming the acquisition of Miltope occurred on February 1, 2013 the Company’s net sales (on a pro forma basis) for the three and nine months periods ended November 2, 2013 would have been $20,179,000 and $56,858,000, respectively. Refer to Note 4, “Acquisition,” for further details.

The Company evaluates segment performance based on the segment profit before corporate expenses.

Summarized below are the Net Sales and Segment Operating Profit for each reporting segment:

 

     Three Months Ended     Nine Months Ended  
     Net Sales      Segment Operating Profit     Net Sales      Segment Operating Profit  

(In thousands)

    November 1,
2014		      November 2,
2013		      November 1,
2014		     November 2,
2013		     November 1,
2014		      November 2,
2013		      November 1,
2014		     November 2,
2013		  

QuickLabel

    $ 15,252       $ 12,509       $ 1,959      $ 1,494      $ 44,931       $ 36,102       $ 6,405      $ 3,962   

T&M

      7,885         5,670         2,023        912        21,346         14,756         4,074        1,803   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Total

    $ 23,137       $ 18,179         3,982        2,406      $ 66,277       $ 50,858         10,479        5,765   
  

 

 

     

 

 

         

 

 

     

 

 

       

Product Replacement Related Costs

            —         —               —         672   

Corporate Expenses

            1,407        1,223              4,041        3,745   
        

 

 

    

 

 

          

 

 

    

 

 

  

Operating Income

            2,575        1,183              6,438        1,348   

Other Expense—Net

            (46 )      (2 )            (85 )      (64 ) 
        

 

 

    

 

 

          

 

 

    

 

 

  

Income From Continuing Operations Before Income Taxes

            2,529        1,181              6,353        1,284   

Income Tax Provision

            974        436              2,235        446   
        

 

 

    

 

 

          

 

 

    

 

 

  

Income From Continuing Operations

            1,555        745              4,118        838   

Income From Discontinued Operations, Net of Income Taxes

            —         363              —         517   
        

 

 

    

 

 

          

 

 

    

 

 

  

Net Income

          $ 1,555      $ 1,108            $ 4,118      $ 1,355