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Segment Information
 9 Months Ended
Sep. 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 September 30,     Nine Months Ended September 30,  
     2013           2012           2013           2012        

Revenue:

                 

Technical Products and Services

    $ 13,970        $ 8,903        $ 35,607        $ 27,373     

Electrical and Instrumentation Construction

      2,266          1,495          7,136          7,102     

American Access Technologies

      1,349          1,327          4,441          4,554     
  

 

 

      

 

 

      

 

 

      

 

 

    
   $ 17,585        $ 11,725        $ 47,184        $ 39,029     
  

 

 

      

 

 

      

 

 

      

 

 

    

Gross profit:

                 

Technical Products and Services

    $ 2,428        17 %    $ 1,507        17 %    $ 6,117        17 %    $ 4,464        16 % 

Electrical and Instrumentation Construction

      331        15 %      61        4 %      1,496        21 %      593        8 % 

American Access Technologies

      108        8 %      121        9 %      630        14 %      577        13 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
   $ 2,867        16 %    $ 1,689        14 %    $ 8,243        17 %    $ 5,634        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

    $ 2,188        16 %    $ 1,389        16 %    $ 5,372        15 %    $ 3,941        14 % 

Electrical and Instrumentation Construction

      331        15 %      61        4 %      1,496        21 %      593        8 % 

American Access Technologies

      (215 )      -16 %      (227 )      -17 %      (350 )      -8 %      (530 )      -12 % 

Corporate and other unallocated expenses

      (1,548 )      -9 %      (1,100 )      -9 %      (4,764 )      -10 %      (3,912 )      -10 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from domestic operations

      756        4 %      123        1 %      1,754        4 %      92        0 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity income from BOMAY

      475          624          2,123          2,385     

Equity income (loss) from MIEFE

      (12 )        (1 )        146          19     

Equity income (loss) from AAG

      (29 )        123          871          167     

Foreign operations expenses

      (66 )        (23 )        (204 )        (246 )   
  

 

 

      

 

 

      

 

 

      

 

 

    

Net equity income from foreign joint ventures’ operations

      368          723          2,936          2,325     
  

 

 

      

 

 

      

 

 

      

 

 

    

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

    $ 1,124        $ 846        $ 4,690        $ 2,417     
  

 

 

      

 

 

      

 

 

      

 

 

    

 

 

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.