XML 44 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2012
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION [Abstract]  
Segment Reporting Disclosure [Text Block]
SEGMENT REPORTING
 

The Company currently operates in four 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. subsidiary.

(2)
The Company’s GridSense segment provides Smart Grid Distribution Automation products and services through its GridSense subsidiaries.  

(3)
The Company’s USSI segment's focus is to develop and produce fiber optic sensing systems for the energy and security markets.  These activities are performed through the Company's USSI subsidiary.

(4)
The Company's Power Generation Monitoring segment provides products and services which deliver critical, real-time machine information to customers, while its Smart Service™ software provides remote diagnostics that give users real control over their equipment. These activities are performed through the Company's OmniMetrix subsidiary. As these activities were acquired in February 2012 (see Note 3), there are no comparative results reported for these activities for the three and six month periods ended June 30, 2011.

Other operations include various operations in DSIT and OmniMetrix that do not meet the quantitative thresholds under applicable accounting principles.

    
 
 
Energy &
Security
Sonar
Solutions
 
GridSense
 
USSI
 
Power Generation Monitoring
 
Other
 
Total
Six months ended June 30, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
6,182

 
$
1,907

 
$
1,083

 
$
301

 
$
662

 
$
10,135

Intersegment revenues
 
—

 
—

 
—

 
—

 
—

 
—

Segment gross profit (loss)
 
2,297

 
817

 
(605
)
 
49

 
231

 
2,789

Depreciation and amortization
 
116

 
189

 
153

 
132

 
66

 
656

Segment net income (loss) before income taxes
 
581

 
(2,057
)
 
(3,802
)
 
(228
)
 
(65
)
 
(5,571
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2011
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
4,032

 
$
2,140

 
$
248

 
$
—

 
$
782

 
$
7,202

Intersegment revenues
 
—

 
—

 
—

 
—

 
—

 
—

Segment gross profit (loss)
 
1,386

 
996

 
(297
)
 
—

 
436

 
2,521

Depreciation and amortization
 
98

 
180

 
109

 
—

 
13

 
400

Segment net income (loss) before income taxes
 
(270
)
 
(1,058
)
 
(1,254
)
 
—

 
235

 
(2,347
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
3,419

 
$
989

 
$
962

 
$
172

 
$
358

 
$
5,900

Intersegment revenues
 
—

 
—

 
—

 
—

 
—

 
—

Segment gross profit (loss)
 
1,337

 
473

 
(394
)
 
3

 
159

 
1,578

Depreciation and amortization
 
58

 
93

 
83

 
89

 
41

 
364

Segment net income (loss) before income taxes
 
421

 
(858
)
 
(2,087
)
 
(219
)
 
(3
)
 
(2,746
)
 
 
 
 
 
 
 
 
 
 
 
 

Three months ended June 30, 2011
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
2,006

 
$
1,499

 
$
205

 
$
—

 
$
397

 
$
4,107

Intersegment revenues
 
—

 
—

 
—

 
—

 
—

 
—

Segment gross profit (loss)
 
673

 
726

 
(288
)
 
—

 
236

 
1,347

Depreciation and amortization
 
48

 
91

 
52

 
—

 
6

 
197

Segment net income (loss) before income taxes
 
(239
)
 
(236
)
 
(738
)
 
—

 
117

 
(1,096
)

 

Reconciliation of Segment Income (Loss) to Consolidated Net Loss
 
Six months ended June 30,
 
Three months ended June 30,
 
2011
 
2012
 
2011
 
2012
Total net loss before income taxes for reportable segments
$
(2,582
)
 
$
(5,506
)
 
$
(1,213
)
 
$
(2,743
)
Other operational segment net income (loss) before income taxes
235

 
(65
)
 
117

 
(3
)
Total segment net loss before income taxes
(2,347
)
 
(5,571
)
 
(1,096
)
 
(2,746
)
Unallocated cost of corporate, DSIT and OmniMetrix headquarters*
(1,690
)
 
(3,169
)
 
(765
)
 
(1,635
)
Income tax benefit (expense) **
(39
)
 
989

 
26

 
1,064

Non-controlling interests (see Note 5)
303

 
461

 
167

 
205

Gain on sale of HangXing
492

 
—

 
—

 
—

Loss from discontinued operations, net of income taxes
(1,404
)
 
—

 
(568
)
 
—

Non-controlling interest share of loss from discontinued operations
389

 
—

 
157

 
—

Consolidated net loss attributable to Acorn Energy, Inc. shareholders
$
(4,296
)
 
$
(7,290
)
 
$
(2,079
)
 
$
(3,112
)

 

* Includes stock compensation expense of $265 and $181 for the six month periods ending June 30, 2011 and 2012, respectively. Includes stock compensation expense of $133 and $39 for the three month periods ending June 30, 2011 and 2012, respectively.

** In 2012, includes an income tax benefit of $1,100 recorded with respect to net operating loss carryback of the Company's expected consolidated tax loss in the United States.