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Segment Information
9 Months Ended
Sep. 30, 2011
Segment Reporting [Abstract] 
Segment Reporting Disclosure [Text Block]
Note 13: Segment Information
 
The Company currently operates in three operating segments:
 
 
(1)
Energy & Security Sonar Solutions whose activities are focused on the following areas – sonar and acoustic related solutions for energy, defense and commercial markets and includes other real-time and embedded hardware & software development and production. Energy & Security Sonar Solutions activities are provided through the Company’s DSIT Solutions Ltd. (“DSIT”) subsidiary.
 
 
(2)
The Company’s GridSense segment provides Smart Grid Distribution Automation products and services.  As these activities were acquired in May 2010, there are only partial results reported for these activities for the nine month period ended September 30, 2010.
 
 
(3)
The Company’s USSI segment provides Energy and Security Sensor Systems.  USSI's primary focus is to develop and produce fiber optic sensing systems for the energy and security markets.  As these activities were effectively acquired in February 2010, there are only partial comparative results reported for these activities for the nine month period ended September 30, 2010.
 
Other operations include various operations in DSIT that do not meet the quantitative thresholds under applicable accounting principles.
 
 
   
Energy &
Security Sonar
Solutions
    
GridSense
    
USSI
    
Other
    
Total
  
Nine months ended September 30, 2011:
                              
Revenues from external customers
   $ 5,654     $ 4,684     $ 883     $ 1,032     $ 12,253  
Intersegment revenues
     —       —       —       —       —  
Segment gross profit (loss)
     1,715       2,233       (107 )     486       4,327  
Depreciation and amortization expense
     162       278       160       21       621  
Segment income (loss) before income taxes
     (782 )     (787 )     (1,899 )     180       (3,288 )
                                         
Nine months ended September 30, 2010:
                                        
Revenues from external customers
     7,675       1,188       192       940       9,995  
Intersegment revenues
     —       —       —       —       —  
Segment gross profit
     3,537       676       47       342       4,602  
Depreciation and amortization expense
     130       147       96       18       391  
Segment income (loss) before income taxes
     1,538       (1,078 )     (737 )     45       (232 )
                                         
Three months ended September 30, 2011:
                                        
Revenues from external customers
   $ 1,622     $ 2,544     $ 635     $ 250     $ 5,051  
Intersegment revenues
     —       —       —       —       —  
Segment gross profit
     329       1,237       190       51       1,807  
Depreciation and amortization expense
     64       98       51       8       221  
Segment income (loss) before income taxes
     (512 )     271       (645 )     (55 )     (941 )
                                         
Three months ended September 30, 2010:
                                        
Revenues from external customers
     2,861       671       160       325       4,017  
Intersegment revenues
     —       —       —       —       —  
Segment gross profit
     1,281       349       37       130       1,797  
Depreciation and amortization expense
     42       84       32       6       164  
Segment income (loss) before income taxes
     568       (759 )     (301 )     41       (451 )
 
 
Reconciliation of Segment Income (Loss) to Consolidated Net Loss
 
   
Nine months ended
September 30,
    
Three months ended
September 30,
  
   
2010
    
2011
    
2010
    
2011
  
Total income (loss) for reportable segments
   $ (277 )   $ (3,468 )   $ (492 )   $ (886 )
Other operational segment income (loss)
     45       180       41       (55 )
Total operating loss
     (232 )     (3,288 )     (451 )     (941 )
Non-controlling interests
     404       484       129       181  
Gain on sale of HangXing
     —       492       —       —  
Gain on investment in GridSense
     1,327       —       —       —  
Distribution from EnerTech
     135       —       —       —  
Income tax benefit (expense)*
     (570 )     12,072       (372 )     12,111  
Gain on the sale of discontinued operations, net of income taxes
     —       30,683       —       30,683  
Loss from discontinued operations, net of the loss attributable to non-controlling interests
     (8,430 )     (1,408 )     (3,063 )     (393 )
Net loss of corporate headquarters and other unallocated costs**
     (3,476 )     (2,535 )     (810 )     (845 )
Net income (loss) attributable to Acorn Energy, Inc.
   $ (10,842 )   $ 36,500     $ (4,567 )   $ 40,796  
 
*   Income tax expense in 2010 relates to DSIT's consolidated net income. Income tax benefit in 2011 relates primarily to the recognition of deferred tax assets ($12,000) following the gain on the sale of CoaLogix.
 
** Includes stock compensation expense of $461 and $315 for the nine month periods ending September 30, 2010 and 2011, respectively. Includes stock compensation expense of $163 and $50 for the three-month periods ending September 30, 2010 and 2011, respectively.