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BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION

9 Months Ended

Sep. 30, 2018

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. 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 the Company’s Titan Energy Systems Inc. business unit. The T&D Solutions reportable segment is an aggregation of our transformer business units.

The T&D Solutions segment is involved in the design, manufacture and distribution of electrical transformers 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 September 30,								Nine Months Ended September 30,
		2018				2017				2018				2017
Revenues
T&D Solutions
Transformers		$	22,663			$	21,547			$	65,194			$	66,198
			22,663				21,547				65,194				66,198
Critical Power Solutions
Equipment			388				1,261				1,171				4,490
Service			2,905				2,686				7,659				7,147
			3,293				3,947				8,830				11,637
Consolidated		$	25,956			$	25,494			$	74,024			$	77,835

		Three Months Ended September 30,								Nine Months Ended September 30,
		2018				2017				2018				2017
Depreciation and Amortization
T&D Solutions		$	314			$	348			$	981			$	1,028
Critical Power Solutions			369				577				1,122				1,399
Unallocated Corporate Overhead Expenses			16				18				49				55
Consolidated		$	699			$	943			$	2,152			$	2,482

		Three Months Ended September 30,								Nine Months Ended September 30,
		2018				2017				2018				2017
Operating Income
T&D Solutions		$	2,449			$	1,777			$	5,594			$	6,715
Critical Power Solutions			141				83				(533	)			(252	)
Unallocated Corporate Overhead Expenses			(641	)			(805	)			(2,099	)			(2,427	)
Consolidated		$	1,949			$	1,055			$	2,962			$	4,036

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

		Three Months Ended September 30,								Nine Months Ended September 30,
		2018				2017				2018				2017
Revenues
United States		$	17,163			$	16,504			$	49,291			$	49,672
Canada			8,793				8,990				24,733				28,163
Total		$	25,956			$	25,494			$	74,024			$	77,835

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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