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Business Segment and Geographic Information
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Business Segment and Geographic Information

14. 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 comprised of the Company’s Titan Energy Systems Inc. subsidiary. 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. As a result of the restructuring plans implemented during calendar year 2015, the activities of our Pioneer Critical Power switchgear operations have been transferred to the T&D Solutions segment as of January 1, 2016. For comparison purposes, prior periods presented have been adjusted to reflect this reclassification.

 

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,
   2016  2015
Revenues      
T&D Solutions  $22,264   $23,751 
Critical Power Solutions   4,306    5,136 
Consolidated  $26,570   $28,887 
Depreciation and Amortization          
T&D Solutions  $356   $411 
Critical Power Solutions   369    357 
General Corporate   16    16 
Consolidated  $741   $784 
Operating Income (Loss)          
T&D Solutions  $2,046   $1,264 
Critical Power Solutions   (132)   (352)
General Corporate   (820)   (996)
Consolidated  $1,094   $(84)

 

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

  

   Three Months Ended March 31,
   2016  2015
United States  $17,553   $18,398 
Canada   8,952    10,474 
Others   65    15 
Total  $26,570   $28,887