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Segment Information
9 Months Ended
Sep. 30, 2011
Segment Information [Abstract] 
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. Equity income from foreign joint ventures and joint venture management related expenses are included in the TP&S segment 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 (in thousands):

 

     Three Months Ended
September 30, 		    Nine Months Ended
September 30, 		 
     2011     2010     2011     2010  

Revenue

         

TP&S

    $ 8,123      $ 5,688      $     19,907      $     14,874   

E&I

      3,561        2,824        11,839        8,511   

AAT

      2,020        1,960       5,454        5,032   
  

 

 

    

 

 

    

 

 

    

 

 

  

Total

    $     13,704      $     10,472     $ 37,200      $ 28,417   
  

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit

         

TP&S

    $ 1,487     $ 304     $ 2,830      $ 318   

E&I

      214       215       830        685   

AAT

      482        524       1,227        1,147   
  

 

 

    

 

 

    

 

 

    

 

 

  

Total

    $ 2,183      $ 1,043     $ 4,887      $ 2,150   
  

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from domestic operations:

         

TP&S - Domestic

    $ 917     $ (327 )   $ 983      $ (1,553 ) 

E&I

      214       215       830        685   

AAT

      66       167       55        122   

Unallocated G&A

      (1,145 )     (916 )     (3,689 )      (2,969 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Total

    $ 52     $ (861 )   $ (1,821 )    $ (3,715 )
  

 

 

    

 

 

    

 

 

    

 

 

  

Net equity income from foreign joint ventures:

         

TP&S - Joint Ventures

    $ 709     $ 392     $ 961      $ 1,092   
  

 

 

    

 

 

    

 

 

    

 

 

  

Total income (loss) from domestic operations and equity income from foreign joint ventures

    $ 761     $ (469 )   $ (860 )    $ (2,623 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

The Company's management does not separately review and analyze its assets on a segment basis for TP&S, E&I, and AAT and all assets for the segments are recorded within the corporate segment's records. Unallocated general and administrative expenses include compensation costs and other expenses that cannot be meaningfully associated with the individual segments. With the exception of equity income from foreign 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 their respective segments.

The current allocation of expenses and other income has changed. In prior years, the Company allocated expenses and other income based on net revenue to the segments. Currently, expenses and other income that are specifically associated with the segments have been included in their respective segment income (loss). All expenses and other income not associated with a specific segment are included in unallocated general and administrative expenses.