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Business Segment and Geographic Information
 9 Months Ended
Sep. 30, 2015
Business Segment and Geographic Information [Abstract]  
Business Segment and Geographic Information

13. 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, primarily engaged in the manufacture of electrical transformers and switchgear, 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 September 30,

 

Nine Months Ended September 30,

 

2015

 

2014

 

2015

 

2014

Revenues

 

 

 

 

 

 

 

 

 

 

 

T&D Solutions

$
18,985 

 

$
23,554 

 

$
63,563 

 

$
64,162 

Critical Power Solutions

 
5,939 

 

 
2,557 

 

 
16,709 

 

 
3,906 

Consolidated

$
24,924 

 

$
26,111 

 

$
80,272 

 

$
68,068 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

 

 

 

T&D Solutions

$
375 

 

$
343 

 

$
1,165 

 

$
1,112 

Critical Power Solutions

 
384 

 

 
17 

 

 
1,139 

 

 
53 

General Corporate

 
18 

 

 
12 

 

 
51 

 

 
34 

Consolidated

$
777 

 

$
372 

 

$
2,355 

 

$
1,199 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

T&D Solutions

$
(2,052)

 

$
2,926 

 

$
139 

 

$
5,887 

Critical Power Solutions

 
(650)

 

 
764 

 

 
(2,028)

 

 
646 

General Corporate

 
(630)

 

 
(881)

 

 
(2,213)

 

 
(2,157)

Consolidated

$
(3,332)

 

$
2,809 

 

$
(4,102)

 

$
4,376 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

2015

 

2014

 

2015

 

2014

United States

$
17,443 

 

$
12,902 

 

$
51,842 

 

$
35,444 

Canada

 
7,322 

 

 
13,206 

 

 
27,907 

 

 
32,613 

Others

 
159 

 

 
3 

 

 
523 

 

 
11 

Total

$
24,924 

 

$
26,111 

 

$
80,272 

 

$
68,068