XML 45 R24.htm IDEA: XBRL DOCUMENT v3.3.1.900
Business Segment, Geographic and Customer Information
 12 Months Ended
Dec. 31, 2015
Business Segment and Geographic Information [Abstract]  
Business Segment, Geographic and Customer Information
16. BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION
 
The Company follows ASC 280 - Segment Reporting in determining its reportable segments.  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):
 
 
 
Year Ended December 31,
 
 
 
2015
 
2014
 
Revenues
 
 
 
 
 
 
 
T&D Solutions
 
$
84,189
 
$
85,892
 
Critical Power Solutions
 
 
22,333
 
 
6,299
 
Consolidated
 
$
106,522
 
$
92,191
 
 
 
 
 
 
 
 
 
Depreciation and Amortization
 
 
 
 
 
 
 
T&D Solutions
 
$
1,565
 
$
1,472
 
Critical Power Solutions
 
 
1,526
 
 
80
 
General Corporate
 
 
73
 
 
49
 
Consolidated
 
$
3,164
 
$
1,601
 
 
 
 
 
 
 
 
 
Operating Income (Loss)
 
 
 
 
 
 
 
T&D Solutions
 
$
388
 
$
4,428
 
Critical Power Solutions
 
 
(2,207)
 
 
(311)
 
General Corporate
 
 
(3,481)
 
 
(2,367)
 
Consolidated
 
$
(5,300)
 
$
1,750
 
 
The following table presents information which reconciles segment assets to consolidated total assets (in thousands):
 
 
 
December 31,
 
 
 
2015
 
2014
 
Assets
 
 
 
 
 
 
 
T&D Solutions
 
$
49,113
 
$
53,430
 
Critical Power Solutions
 
 
13,841
 
 
13,994
 
Corporate assets
 
 
3,985
 
 
5,414
 
Consolidated
 
$
66,939
 
$
72,838
 
 
Corporate assets consist primarily of cash and deferred tax assets.
 
Revenues are attributable to countries based on the location of the Company's customers (in thousands):
  
 
 
Year Ended December 31,
 
 
 
2015
 
2014
 
Revenues
 
 
 
 
 
 
 
Canada
 
$
36,740
 
$
45,501
 
United States
 
 
68,752
 
 
46,128
 
Others
 
 
1,030
 
 
562
 
Total
 
$
106,522
 
$
92,191
 
 
The distribution of the Company’s property, plant and equipment by geographic location is approximately as follows (in thousands):
  
 
 
December 31,
 
 
 
2015
 
2014
 
Property, plant and equipment
 
 
 
 
 
 
 
Canada
 
$
4,181
 
$
7,591
 
United States
 
 
1,582
 
 
1,192
 
Mexico
 
 
1,586
 
 
2,412
 
Total
 
$
7,349
 
$
11,195
 
 
Sales to one customers accounted for approximately 10% of the Company’s sales in 2015, as compared to two customers of 13% and 10% in 2014.