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Segment Information
 6 Months Ended
Jun. 30, 2013
Segment Reporting [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. 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:

 

     Three Months Ended June 30,     Six Months Ended June 30,  
     2013           2012           2013           2012        

Revenue:

                 

Technical Products and Services

    $ 11,157        $ 8,647        $ 21,637        $ 18,470     

Electrical and Instrumentation Construction

      2,342          2,615          4,870          5,607     

American Access Technologies

      1,670          1,610          3,092          3,227     
  

 

 

      

 

 

      

 

 

      

 

 

    
   $ 15,169        $ 12,872        $ 29,599        $ 27,304     
  

 

 

      

 

 

      

 

 

      

 

 

    

Gross profit:

                 

Technical Products and Services

    $ 1,832        17 %    $ 1,587        18 %    $ 3,689        17 %    $ 2,957        16 % 

Electrical and Instrumentation Construction

      257        11 %      330        13 %      1,165        24 %      532        9 % 

American Access Technologies

      307        19 %      255        16 %      522        17 %      456        14 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   $ 2,396        16 %    $ 2,172        17 %    $ 5,376        18 %    $ 3,945        14 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Percentages are based on respective revenues.

                 

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

                 

Technical Products and Services

    $ 1,630        15 %    $ 1,448        17 %    $ 3,184        15 %    $ 2,553        14 % 

Electrical and Instrumentation Construction

      257        11 %      330        13 %      1,165        24 %      532        9 % 

American Access Technologies

      (60 )      -4 %      (115 )      -7 %      (135 )      -4 %      (303 )      -9 % 

Corporate and other unallocated expenses

      (1,431 )      -9 %      (1,495 )      -12 %      (3,216 )      -11 %      (2,812 )      -10 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from domestic operations

      396        3 %      168        1 %      998        3 %      (30 )      0 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity income from BOMAY

      647          1,062          1,648          1,761     

Equity income from MIEFE

      138          11          158          20     

Equity income (loss) from AAG

      463          (19 )        900          44     

Foreign operations expenses

      (87 )        (123 )        (138 )        (223 )   
  

 

 

      

 

 

      

 

 

      

 

 

    

Net equity income from foreign joint ventures’ operations

      1,161          931          2,568          1,602     
  

 

 

      

 

 

      

 

 

      

 

 

    

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

    $ 1,557        $ 1,099        $ 3,566        $ 1,572     
  

 

 

      

 

 

      

 

 

      

 

 

    

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. All other costs, expenses and other income have been allocated to their respective segments.