XML 38 R25.htm IDEA: XBRL DOCUMENT
v3.22.1

Nature of Operations, Segment Reporting and Geographical Information | 12 Months Ended
--- | ---
Jan. 31, 2022
Segment Reporting [Abstract] |
Nature of Operations, Segment Reporting and Geographical Information | Note 17—Nature of Operations, Segment Reporting and Geographical Information Our 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. We organize and manage our business as a portfolio of products and services designed around a common theme of data acquisition and information output. We have two reporting segments consistent with our revenue product groups: Product Identification (“PI”) and Test & Measurement (“T&M”). Our PI segment produces an array of high-technology digital color and monochrome label printers and mini presses, labeling software and supplies for a variety of commercial industries worldwide. AstroNova’s T&M segment produces data acquisition systems used worldwide for a variety of recording, monitoring and troubleshooting applications for many industries including aerospace, automotive, defense, rail, energy, industrial and general manufacturing. The T&M segment also includes our line of aerospace flight deck and cabin printers. Business is conducted in the United States and through foreign branch offices and subsidiaries 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. The accounting policies of the reporting segments are the same as those described in the summary of significant accounting policies herein. We evaluate segment performance based on the segment profit before corporate and financial administration expenses. Summarized below are the revenue and segment operating profit (loss) (both in dollars and as a percentage of revenue) for each reporting segment:
($ in thousands) |  | Revenue |  |  | Segment Operating Profit (Loss) |  |  | Segment Operating Profit (Loss) as a % of Revenue |
|  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2022 |  |  | 2021 |  |  | 2019 |
Product Identification |  | $ | 90,915 |  |  | $ | 90,268 |  |  | $ | 88,116 |  |  | $ | 10,411 |  |  | $ | 12,885 |  |  | $ | 7,509 |  |  |  | 11.5 | % |  |  | 14.3 | % |  |  | 8.5 | %
T&M |  |  | 26,565 |  |  |  | 25,765 |  |  |  | 45,330 |  |  |  | 3,398 |  |  |  | (1,032 | ) |  |  | 6,281 |  |  |  | 12.8 | % |  |  | (4.0 | )% |  |  | 13.9 | %
Total |  | $ | 117,480 |  |  | $ | 116,033 |  |  | $ | 133,446 |  |  |  | 13,809 |  |  |  | 11,853 |  |  |  | 13,790 |  |  |  | 11.8 | % |  |  | 10.2 | % |  |  | 10.3 | %
Corporate Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,553 |  |  |  | 9,420 |  |  |  | 11,357 |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,256 |  |  |  | 2,433 |  |  |  | 2,433 |  |  |  |  |  |  |  |  |  |  |  |  |
Other Income (Expense), Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,778 |  |  |  | (254) |  |  |  | (1,063) |  |  |  |  |  |  |  |  |  |  |  |  |
Income Before Income Taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,034 |  |  |  | 2,179 |  |  |  | 1,370 |  |  |  |  |  |  |  |  |  |  |  |  |
Income Tax Provision (Benefit) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 605 |  |  |  | 895 |  |  |  | (389 | ) |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,429 |  |  | $ | 1,284 |  |  | $ | 1,759 |  |  |  |  |  |  |  |  |  |  |  |  |
No customer accounted for greater than 10% of net revenue in fiscal 2022, 2021 or 2020. Other information by segment is presented below:
(In thousands) |  | Assets |
|  | January 31, |
|  | 2022 |  |  | 2021 |
Product Identification |  | $ | 51,732 |  |  | $ | 50,047 |
T&M |  |  | 50,374 |  |  |  | 51,262 |
Corporate* |  |  | 12,849 |  |  |  | 14,164 |
Total |  | $ | 114,955 |  |  | $ | 115,473 |
* | Corporate assets consist principally of cash, cash equivalents, deferred tax assets and refunds, and certain prepaid corporate assets.
(In thousands) |  | Depreciation and Amortization |  |  | Capital Expenditures |
|  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2022 |  |  | 2021 |  |  | 2020 |
Product Identification |  | $ | 1,157 |  |  | $ | 1,835 |  |  | $ | 1,928 |  |  | $ | 847 |  |  | $ | 1,563 |  |  | $ | 2,001 |
T&M |  |  | 2,837 |  |  |  | 4,148 |  |  |  | 4,356 |  |  |  | 949 |  |  |  | 1,024 |  |  |  | 905 |
Total |  | $ | 3,994 |  |  | $ | 5,983 |  |  | $ | 6,284 |  |  | $ | 1,796 |  |  | $ | 2,587 |  |  | $ | 2,906 |
Geographical Data Presented below is selected financial information by geographic area:
|  |  |  |  | Long-Lived Assets* |
(In thousands) |  | Revenue |  |  | January 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2022 |  |  | 2021 |
United States |  | $ | 68,185 |  |  | $ | 70,911 |  |  | $ | 83,671 |  |  | $ | 29,131 |  |  | $ | 31,226 |
Europe |  |  | 31,922 |  |  |  | 29,029 |  |  |  | 29,617 |  |  |  | 1,486 |  |  |  | 2,274 |
Canada |  |  | 6,519 |  |  |  | 5,574 |  |  |  | 5,719 |  |  |  | 9 |  |  |  | 13 |
Asia |  |  | 5,926 |  |  |  | 5,105 |  |  |  | 8,316 |  |  |  | 15 |  |  |  | — |
Central and South America |  |  | 3,271 |  |  |  | 3,950 |  |  |  | 4,145 |  |  |  | — |  |  |  | — |
Other |  |  | 1,657 |  |  |  | 1,464 |  |  |  | 1,978 |  |  |  | — |  |  |  | — |
Total |  | $ | 117,480 |  |  | $ | 116,033 |  |  | $ | 133,446 |  |  | $ | 30,641 |  |  | $ | 33,513 |
* | Long-lived assets exclude goodwill assigned to the T&M segment of $4.5 million at both January 31, 2022 and 2021 and $7.6 million and $8.3 million assigned to the PI segment at January 31, 2022 and 2021, respectively.

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