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Nature of Operations, Segment Reporting and Geographical Information | 12 Months Ended
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Jan. 31, 2015
Segment Reporting [Abstract] |
Nature of Operations, Segment Reporting and Geographical Information | Note 13—Nature of Operations, Segment Reporting and Geographical Information The Company’s operations consist of the design, development, manufacture and sale of specialty printers and data acquisition and analysis systems, including both hardware & software and related consumable supplies. The Company organizes and manages its business as a portfolio of products and services designed around a common theme of data acquisition and information output. The Company has two reporting segments consistent with its sales product groups: QuickLabel Systems (QuickLabel) and Test & Measurement (T&M). QuickLabel produces an array of high-technology digital color and monochrome label printers, labeling software and consumables for a variety of commercial industries worldwide. T&M produces data recording equipment used worldwide for a variety of recording, monitoring and troubleshooting applications for many industries including aerospace, automotive, defense, rail, energy, industrial and general manufacturing. Business is conducted in the United States and through foreign affiliates in Canada, Europe, Southeast Asia and Mexico. Manufacturing activities are primarily conducted in the United States. Sales and service activities outside the United States are conducted through wholly-owned entities and, to a lesser extent, through authorized distributors and agents. Transfer prices are intended to produce gross profit margins as would be associated with an arms-length transaction. 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 from the date of acquisitions for all periods presented below. Refer to Note 2, “Acquisition,” for further details. 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 core businesses. Consequently, the Company has classified the results of operations of Grass as discontinued operations for the fiscal 2014 period presented. Refer to Note 20 “Discontinued Operations,” for further details. The accounting policies of the reporting segments are the same as those described in the summary of significant accounting policies herein. The Company evaluates segment performance based on the segment profit before corporate and financial administration expenses. Summarized below are the Net Sales and Segment Operating Profit (both in dollars and as a percentage of Net Sales) for each reporting segment:
($ in thousands) |  | Net Sales |  |  | Segment Operating Profit |  |  | Segment Operating Profit % of Net Sales |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
QuickLabel |  | $ | 59,779 |  |  | $ | 49,065 |  |  | $ | 7,259 |  |  | $ | 5,154 |  |  |  | 12.1 | % |  |  | 10.5 | %
T&M |  |  | 28,568 |  |  |  | 19,527 |  |  |  | 5,627 |  |  |  | 2,655 |  |  |  | 19.7 | % |  |  | 13.6 | %
Total |  | $ | 88,347 |  |  | $ | 68,592 |  |  |  | 12,886 |  |  |  | 7,809 |  |  |  | 14.6 | % |  |  | 11.4 | %
Product Replacement Costs |  |  |  |  |  |  |  |  |  |  | — |  |  |  | 672 |  |  |  |  |  |  |  |  |
Corporate Expenses |  |  |  |  |  |  |  |  |  |  | 5,655 |  |  |  | 5,604 |  |  |  |  |  |  |  |  |
Operating Income |  |  |  |  |  |  |  |  |  |  | 7,231 |  |  |  | 1,533 |  |  |  |  |  |  |  |  |
Other Expense |  |  |  |  |  |  |  |  |  |  | 299 |  |  |  | 121 |  |  |  |  |  |  |  |  |
Income from Continuing Operations before Income Taxes |  |  |  |  |  |  |  |  |  |  | 6,932 |  |  |  | 1,412 |  |  |  |  |  |  |  |  |
Income Tax Provision for Continuing Operations |  |  |  |  |  |  |  |  |  |  | 2,270 |  |  |  | 175 |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | 4,662 |  |  |  | 1,237 |  |  |  |  |  |  |  |  |
Income from Discontinued Operations, Net of Taxes |  |  |  |  |  |  |  |  |  |  | — |  |  |  | 1,975 |  |  |  |  |  |  |  |  |
Net Income |  |  |  |  |  |  |  |  |  | $ | 4,662 |  |  | $ | 3,212 |  |  |  |  |  |  |  |  |
No customer accounted for greater than 10% of net sales in fiscal 2015 and 2014. Other information by segment is presented below:
(In thousands) |  | Assets |
|  | 2015 |  |  | 2014 |
QuickLabel |  | $ | 24,874 |  |  | $ | 25,306 |
T&M |  |  | 22,323 |  |  |  | 17,049 |
Discontinued Operations |  |  | — |  |  |  | 3,917 |
Corporate* |  |  | 27,133 |  |  |  | 31,692 |
Total |  | $ | 74,330 |  |  | $ | 77,964 |
* | Corporate assets consist principally of cash and cash equivalents, securities available for sale, and building held for sale.
(In thousands) |  | Depreciation and Amortization |  |  | Capital Expenditures |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
QuickLabel |  | $ | 678 |  |  | $ | 639 |  |  | $ | 1,408 |  |  | $ | 543 |
T&M |  |  | 1,385 |  |  |  | 640 |  |  |  | 839 |  |  |  | 585 |
Total |  | $ | 2,063 |  |  | $ | 1,279 |  |  | $ | 2,247 |  |  | $ | 1,128 |
Geographical Data Presented below is selected financial information by geographic area:
(In thousands) |  | Net Sales |  |  | Long-Lived Assets |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
United States |  | $ | 61,494 |  |  | $ | 48,679 |  |  | $ | 10,422 |  |  | $ | 10,115 |
Europe |  |  | 18,181 |  |  |  | 14,909 |  |  |  | 383 |  |  |  | 538 |
Canada |  |  | 3,934 |  |  |  | 2,569 |  |  |  | 272 |  |  |  | 339 |
Asia |  |  | 1,408 |  |  |  | 1,167 |  |  |  | — |  |  |  | — |
Central and South America |  |  | 1,919 |  |  |  | 908 |  |  |  | — |  |  |  | — |
Other |  |  | 1,411 |  |  |  | 360 |  |  |  | — |  |  |  | — |
Total |  | $ | 88,347 |  |  | $ | 68,592 |  |  | $ | 11,077 |  |  | $ | 10,992 |
Long-lived assets excludes goodwill assigned to the T&M segment of $1.0 million at January 31, 2015 and 2014.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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