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Business Segment and Geographic Information
 3 Months Ended
Mar. 31, 2015
Business Segment and Geographic Information [Abstract]  
BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION

11. BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION

 

The Company follows ASC 280 ­ Segment Reporting in determining its reportable segments.  In December 2014, the Company considered the way its management team, most notably its chief operating decision maker, makes operating decisions and assesses performance and considered which components of the Company’s enterprise have discrete financial information available.  As the Company makes decisions using a products and services group focus, its analysis resulted in two reportable segments: T&D Solutions and Critical Power Solutions.  The Critical Power Solutions reportable segment is an aggregation of the Company’s Pioneer Critical Power Inc. and Titan Energy Systems Inc. subsidiaries, and also includes sales and expenses directly and indirectly attributable to the Company’s strategic sales group, which group is primarily focused on marketing the Company’s Critical Power Solutions. The T&D Solutions reportable segment is an aggregation of all other Company subsidiaries, together with sales and expenses attributable to the strategic sales group for its T&D Solutions marketing activities.

 

The T&D Solutions segment is involved in the design, manufacture and distribution of electrical transformers and switchgear used primarily by utilities, large industrial and commercial operations to manage their electrical power distribution needs. The Critical Power Solutions segment provides power generation equipment, switchgear, related electrical distribution infrastructure and aftermarket field-services primarily to help customers ensure smooth, uninterrupted power to operations during times of emergency.

The following tables present information about segment income and loss (in thousands):

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

2015

 

2014

Revenues

 

 

 

 

 

T&D Solutions

$
23,663 

 

$
19,750 

Critical Power Solutions

 
5,224 

 

 
1,143 

Consolidated

$
28,887 

 

$
20,893 

 

 

 

 

 

 

Depreciation and Amortization

 

 

 

 

 

T&D Solutions

$
392 

 

$
377 

Critical Power Solutions

 
375 

 

 
18 

General Corporate

 
16 

 

 
10 

Consolidated

$
783 

 

$
405 

 

 

 

 

 

 

Operating Income (Loss)

 

 

 

 

 

T&D Solutions

$
1,549 

 

$
1,558 

Critical Power Solutions

 
(831)

 

 
33 

General Corporate

 
(802)

 

 
(596)

Consolidated

$
(84)

 

$
995 

 

Revenues are attributable to countries based on the location of the Company's customers (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

2015

 

2014

Revenues

 

 

 

 

 

United States

$
18,398 

 

$
10,319 

Canada

 
10,474 

 

 
10,574 

Others

 
15 

 

 

 -

Total

$
28,887 

 

$
20,893