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Segment Information
 3 Months Ended
Mar. 31, 2013
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 considered 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,  
    2013     2012  

Revenue:

                

Technical Products and Services

   $ 10,480     $ 9,823  

Electrical and Instrumentation Construction

     2,528       2,992  

American Access Technologies

     1,422       1,617  
   

 

 

    

 

 

  
    $ 14,430     $ 14,432  
   

 

 

    

 

 

  

Gross profit:

                

Technical Products and Services

   $ 1,857     $ 1,369  

Electrical and Instrumentation Construction

     908       202  

American Access Technologies

     215       201  
   

 

 

    

 

 

  
    $ 2,980     $ 1,772  
   

 

 

    

 

 

  

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

                

Technical Products and Services

   $ 1,554     $ 1,100  

Electrical and Instrumentation Construction

     908       202  

American Access Technologies

     (75 )      (187 ) 

Corporate and other unallocated expenses

     (1,785 )      (1,314 ) 
   

 

 

    

 

 

  

Income (loss) from domestic operations

     602       (199 ) 
   

 

 

    

 

 

  

Equity income from BOMAY

     1,001       698  

Equity income (loss) from MIEFE

     20       10  

Equity income (loss) from AAG

     437       63  

Foreign operations (expenses)

     (51 )      (100 ) 
   

 

 

    

 

 

  

Net equity income from foreign joint ventures’ operations

     1,407       671  
   

 

 

    

 

 

  

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

   $ 2,009     $ 472  
   

 

 

    

 

 

  

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 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’ operations and joint venture management related expenses, which are associated with TP&S, all other costs, expenses and other income have been allocated to their respective segments.