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BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION

12. BUSINESS SEGMENT AND GEOGRAPHIC 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 manufactured products vs. distributed products and services group focus, its analysis resulted in two reportable segments: T&D Solutions and Critical Power. The Critical Power reportable segment is comprised solely of the Company’s Titan Energy Systems Inc. subsidiary. 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 segment provides power generation equipment, 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:

 

    Three Months Ended
June 30, 		    Six Months Ended
June 30, 		 
    2017     2016     2017     2016  
Revenues                        
T&D Solutions                                
Transformers   $ 23,366     $ 22,118     $ 44,650     $ 40,495  
Switchgear     3,614       2,720       5,819       6,607  
      26,980       24,838       50,469       47,102  
Critical Power                                
Equipment     1,651       3,321       3,229       5,858  
Service     2,266       1,771       4,461       3,540  
      3,917       5,092       7,690       9,398  
Consolidated   $ 30,897     $ 29,930     $ 58,159     $ 56,500  

 

                                 
      Three Months Ended
June 30, 		      Six Months Ended
June 30, 		 
      2017       2016       2017       2016  
Depreciation and Amortization                                
T&D Solutions   $ 364     $ 396     $ 714     $ 753  
Critical Power     352       339       704       708  
Unallocated Corporate Overhead Expenses     17       18       35       33  
Consolidated   $ 733     $ 753     $ 1,453     $ 1,494  

 

                                 
      Three Months Ended
June 30, 		      Six Months Ended
June 30, 		 
      2017       2016       2017       2016  
Operating Income (Loss)                                
T&D Solutions   $ 2,703     $ 2,034     $ 4,766     $ 4,081  
Critical Power     (248 )     44       (350 )     (90 )
Unallocated Corporate Overhead Expenses     (828 )     (694 )     (1,631 )     (1,513 )
Consolidated   $ 1,627     $ 1,384     $ 2,785     $ 2,478  

 

Revenues are attributable to countries based on the location of the Company’s customers:  

                                 
      Three Months Ended
June 30, 		      Six Months Ended
June 30, 		 
      2017       2016       2017       2016  
United States   $ 20,405     $ 20,919     $ 38,986     $ 38,472  
Canada     10,492       9,011       19,173       17,963  
Others     —       —       —       65  
Total   $ 30,897     $ 29,930     $ 58,159     $ 56,500