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Segment Information
 6 Months Ended
Jun. 30, 2011
Segment Information  
Segment Information
4. Segment Information

The Company follows the guidance prescribed by ASC Topic 280, Segment Reporting, which governs the way the Company reports information about its operating segments.

Management has organized the Company around its products and services and has three reportable segments: Technical Products and Services ("TP&S"), Electrical and Instrumentation Construction ("E&I") and American Access Technologies ("AAT"). TP&S develops, manufactures, provides and markets switchgear and variable speed drives. The service component of this segment includes retrofitting equipment upgrades, startups, testing and troubleshooting electrical substations, switchgear, drives and control systems. Additionally, joint venture equity income and joint venture management related expenses are included in TP&S loss before benefit for income taxes because their operations are exclusively involved in TP&S activities. The E&I segment installs electrical equipment for the energy, water, industrial, marine and commercial markets. The AAT segment manufacturers and markets zone cabling products and manufactures formed metal products of varying designs.

Following are selected financial details regarding the Company's reportable segments:

 

     Six Months Ended
June 30,		      Three Months Ended
June 30,		  
     2011      2010      2011      2010  
     (Dollars In Thousands)      (Dollars In Thousands)  

Revenue

            

TP&S

        $ 11,784               $ 9,187               $ 5,384               $ 3,545       

E&I

      8,278             5,687             4,361             2,994       

AAT

      3,433             3,072             1,682             1,749       
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

        $     23,495               $ 17,946               $ 11,427               $ 8,288       
  

 

 

     

 

 

     

 

 

     

 

 

  

Gross profit (loss)

            

TP&S

        $ 1,343               $ 12               $ 846               $ (342)       

E&I

      616             472             318             321       

AAT

      744             624             342             402       
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

        $ 2,703               $ 1,108               $ 1,506               $ 381       
  

 

 

     

 

 

     

 

 

     

 

 

  

Income (loss) before benefit for income taxes:

            

TP&S

        $ (485)               $ (1,265)               $ (295)               $ (1,204)       

E&I

      (539)             (491)             (425)             (329)       

AAT

      (19)             (8)             (36)             92       

Corporate and other unallocated

      (681)             (624)             (435)             (317)       
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

        $ (1,724)               $     (2,388)               $     (1,191)               $     (1,758)       
  

 

 

     

 

 

     

 

 

     

 

 

  

The Company's management does not separately review and analyze its assets on a segment basis for TP&S and E&I and all assets for the segments are recorded within the corporate segment's records. Corporate unallocated expenses include compensation costs and other expenses that cannot be meaningfully associated with the individual segments. With the exception of equity in income of joint ventures and joint venture management related expenses, which are attributable to TP&S, all other costs, expenses and other income have been allocated to the segments based on relative net revenue, which management believes is the best available basis to apportion these elements of income and expense to the segments.