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Nature of Operations, Segment Reporting and Geographical Information | 12 Months Ended
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Jan. 31, 2017
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 and 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 revenue product groups: Product Identification and Test & Measurement (T&M). The Product Identification segment produces an array of tabletop, 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, China Southeast Asia and Mexico. Manufacturing activities are primarily conducted in the United States. Revenue 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 June 19, 2015, AstroNova completed the asset purchase of the aerospace printer product line from RITEC. AstroNova’s aerospace printer product line is part of the T&M product group and is reported as part of the T&M segment. The Company began shipment of the RITEC products in the third quarter of fiscal 2016. Refer to Note 2, “Acquisition,” 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 Revenue and Segment Operating Profit (both in dollars and as a percentage of Revenue) for each reporting segment:
($ in thousands) |  | Revenue |  |  | Segment Operating Profit |  |  | Segment Operating Profit % of Revenue |
|  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Product Identification |  | $ | 69,862 |  |  | $ | 67,127 |  |  | $ | 59,779 |  |  | $ | 9,821 |  |  | $ | 9,300 |  |  | $ | 7,259 |  |  |  | 14.1% |  |  |  | 13.9% |  |  |  | 12.1% |
T&M |  |  | 28,586 |  |  |  | 27,531 |  |  |  | 28,568 |  |  |  | 4,399 |  |  |  | 3,664 |  |  |  | 5,627 |  |  |  | 15.4% |  |  |  | 13.3% |  |  |  | 19.7% |
Total |  | $ | 98,448 |  |  | $ | 94,658 |  |  | $ | 88,347 |  |  |  | 14,220 |  |  |  | 12,964 |  |  |  | 12,886 |  |  |  | 14.4% |  |  |  | 13.7% |  |  |  | 14.6% |
Corporate Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,939 |  |  |  | 7,030 |  |  |  | 5,655 |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,281 |  |  |  | 5,934 |  |  |  | 7,231 |  |  |  |  |  |  |  |  |  |  |  |  |
Other Income (Expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 324 |  |  |  | 975 |  |  |  | (299) |  |  |  |  |  |  |  |  |  |  |  |  |
Income before Income Taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,605 |  |  |  | 6,909 |  |  |  | 6,932 |  |  |  |  |  |  |  |  |  |  |  |  |
Income Tax Provision |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,377 |  |  |  | 2,384 |  |  |  | 2,270 |  |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,228 |  |  | $ | 4,525 |  |  | $ | 4,662 |  |  |  |  |  |  |  |  |  |  |  |  |
No customer accounted for greater than 10% of net revenue in fiscal 2017, 2016 and 2015. Other information by segment is presented below:
(In thousands) |  | Assets |
|  | 2017 |  |  | 2016 |
Product Identification |  | $ | 30,624 |  |  | $ | 27,143 |
T&M |  |  | 28,129 |  |  |  | 28,570 |
Corporate* |  |  | 24,912 |  |  |  | 22,250 |
Total |  | $ | 83,665 |  |  | $ | 77,963 |
* | Corporate assets consist principally of cash, cash equivalents and securities available for sale.
(In thousands) |  | Depreciation and Amortization |  |  | Capital Expenditures |
|  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Product Identification |  | $ | 885 |  |  | $ | 690 |  |  | $ | 678 |  |  | $ | 767 |  |  | $ | 2,284 |  |  | $ | 1,408 |
T&M |  |  | 1,546 |  |  |  | 1,375 |  |  |  | 1,385 |  |  |  | 471 |  |  |  | 777 |  |  |  | 839 |
Total |  | $ | 2,431 |  |  | $ | 2,065 |  |  | $ | 2,063 |  |  | $ | 1,238 |  |  | $ | 3,061 |  |  | $ | 2,247 |
Geographical Data Presented below is selected financial information by geographic area:
(In thousands) |  | Revenue |  |  | Long-Lived Assets* |
|  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |  |  | 2016 |
United States |  | $ | 69,850 |  |  | $ | 68,316 |  |  | $ | 61,494 |  |  | $ | 8,940 |  |  | $ | 9,310 |
Europe |  |  | 18,848 |  |  |  | 16,830 |  |  |  | 18,181 |  |  |  | 168 |  |  |  | 290 |
Canada |  |  | 5,008 |  |  |  | 4,487 |  |  |  | 3,934 |  |  |  | 172 |  |  |  | 207 |
Central and South America |  |  | 3,053 |  |  |  | 2,436 |  |  |  | 1,919 |  |  |  | 0 |  |  |  | — |
Asia |  |  | 1,664 |  |  |  | 1,741 |  |  |  | 1,408 |  |  |  | 0 |  |  |  | — |
Other |  |  | 25 |  |  |  | 848 |  |  |  | 1,411 |  |  |  | 0 |  |  |  | — |
Total |  | $ | 98,448 |  |  | $ | 94,658 |  |  | $ | 88,347 |  |  | $ | 9,280 |  |  | $ | 9,807 |
* | Long-lived assets excludes goodwill assigned to the T&M segment of $4.5 million at both January 31, 2017 and 2016.

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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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 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=68060357&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 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 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=68060357&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 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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