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Business Segment and Geographic Information
 6 Months Ended
Jun. 30, 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. 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 June 30,

 

Six Months Ended June 30,

 

2015

 

2014

 

2015

 

2014

Revenues

 

 

 

 

 

 

 

 

 

 

 

T&D Solutions

$
20,914 

 

$
20,857 

 

$
44,577 

 

$
40,607 

Critical Power Solutions

 
5,546 

 

 
207 

 

 
10,771 

 

 
1,350 

Consolidated

$
26,460 

 

$
21,064 

 

$
55,348 

 

$
41,957 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

 

 

 

T&D Solutions

$
397 

 

$
392 

 

$
790 

 

$
769 

Critical Power Solutions

 
379 

 

 
18 

 

 
755 

 

 
35 

General Corporate

 
17 

 

 
11 

 

 
33 

 

 
21 

Consolidated

$
793 

 

$
421 

 

$
1,578 

 

$
825 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

T&D Solutions

$
483 

 

$
1,401 

 

$
2,189 

 

$
2,957 

Critical Power Solutions

 
(586)

 

 
(263)

 

 
(1,378)

 

 
(227)

General Corporate

 
(584)

 

 
(567)

 

 
(1,581)

 

 
(1,162)

Consolidated

$
(687)

 

$
571 

 

$
(770)

 

$
1,568 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2015

 

2014

 

2015

 

2014

United States

$
16,001 

 

$
9,088 

 

$
34,399 

 

$
19,407 

Canada

 
10,110 

 

 
11,968 

 

 
20,585 

 

 
22,542 

Others

 
349 

 

 
8 

 

 
364 

 

 
8 

Total

$
26,460 

 

$
21,064 

 

$
55,348 

 

$
41,957