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BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION

15.  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 executive officer, 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 September 30,     Nine Months Ended September 30,  
    2016     2015     2016     2015  
Revenues                                
T&D Solutions                                
Transformers   $ 21,110     $ 16,837     $ 61,605     $ 57,947  
Switchgear     4,268       2,201       10,876       6,037  
      25,378       19,038       72,481       63,984  
Critical Power Solutions                                
Equipment     1,741       3,145       7,598       9,566  
Service     2,270       2,741       5,810       6,722  
      4,011       5,886       13,408       16,288  
Consolidated   $ 29,389     $ 24,924     $ 85,889     $ 80,272  

 

    Three Months Ended September 30,     Nine Months Ended September 30,  
    2016     2015     2016     2015  
Depreciation and Amortization                                
T&D Solutions   $ 450     $ 394     $ 1,203     $ 1,221  
Critical Power Solutions     355       365       1,063       1,082  
Unallocated Corporate Overhead Expenses     17       18       51       51  
Consolidated   $ 822     $ 777     $ 2,317     $ 2,354  

 

    Three Months Ended September 30,     Nine Months Ended September 30,  
    2016     2015     2016     2015  
Operating Income (Loss)                                
T&D Solutions   $ 2,003     $ (2,390 )   $ 6,083     $ (987 )
Critical Power Solutions     (11 )     (311 )     (100 )     (903 )
Unallocated Corporate Overhead Expenses     (780 )     (631 )     (2,293 )     (2,212 )
Consolidated   $ 1,212     $ (3,332 )   $ 3,690     $ (4,102 )

  

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

  

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2016     2015     2016     2015  
United States   $ 20,594     $ 17,443     $ 59,067     $ 51,842  
Canada     8,795       7,322       26,758       27,907  
Others     —       159       64       523  
Total   $ 29,389     $ 24,924     $ 85,889     $ 80,272