XML 11 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
 3 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Segment Information

4. Segment Information

The Company follows the guidance prescribed by the Accounting Standard Codification ("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 manufactures and markets zone cabling and formed metal products of varying designs.

 

The following are selected financial details regarding the Company's reportable segments (in thousands):

 

     Three Months Ended March 31,  
     2012     2011  

Revenue:

     

Technical Products and Services

    $ 9,823      $ 6,399   

Electrical and Instrumentation Construction

      2,992        3,918   

American Access Technologies

      1,617        1,751   
  

 

 

    

 

 

  
   $ 14,432      $ 12,068   
  

 

 

    

 

 

  

Gross profit:

     

Technical Products and Services

    $ 1,369      $ 497   

Electrical and Instrumentation Construction

      202        298   

American Access Technologies

      201        402   
  

 

 

    

 

 

  
   $ 1,772      $ 1,197   
  

 

 

    

 

 

  

Income(loss) from domestic operations and net equity income from foreign joint ventures' operations:

     

Technical Products and Services

    $ 1,100      $ 239   

Electrical and Instrumentation Construction

      202        298   

American Access Technologies

      (187 )      20   

Corporate and other unallocated expenses

      (1,314 )      (1,151 ) 
  

 

 

    

 

 

  

Loss from domestic operations

      (199 )      (594 ) 
  

 

 

    

 

 

  

Equity income from BOMAY

      698        290   

Equity income (loss) from MIEFE

      10        (25 ) 

Equity income (loss) from AAG

      63        (28 ) 

Foreign operations expenses

      (100 )      (129 ) 
  

 

 

    

 

 

  

Net equity income from foreign joint ventures' operations

      671        108   
  

 

 

    

 

 

  

Income (loss) from domestic operations and net equity income from foreign joint ventures' operations

    $ 472      $ (486 ) 
  

 

 

    

 

 

  

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. Corporate and other unallocated 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' operations and foreign operations expenses, which are attributable to TP&S, all other costs, expenses and other income have been allocated to their respective segments.