XML 38 R23.htm IDEA: XBRL DOCUMENT
v3.19.1

BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION | 12 Months Ended
--- | ---
Dec. 31, 2018
Segment Reporting [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 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 all other Company subsidiaries, together with sales and expenses attributable to 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:
|  | For the Year Ended |
|  | December 31, |
|  | 2018 |  |  | 2017 |
Revenues |  |  |  |  |  |
T&D Solutions |  |  |  |  |  |  |  |
Transformers |  | $ | 86,263 |  |  | $ | 86,325 |
Switchgear |  |  | 8,747 |  |  |  | 13,001 |
|  | $ | 95,010 |  |  | $ | 99,326 |
Critical Power Solutions |  |  |  |  |  |  |  |
Equipment |  |  | 1,580 |  |  |  | 5,898 |
Service |  |  | 9,800 |  |  |  | 9,167 |
|  |  | 11,380 |  |  |  | 15,065 |
Consolidated |  | $ | 106,390 |  |  | $ | 114,391 |
|  | For the Year Ended |
|  | December 31, |
|  | 2018 |  |  | 2017 |
Depreciation and Amortization |  |  |  |  |  |  |  |
T&D Solutions |  | $ | 1,525 |  |  | $ | 1,730 |
Critical Power Solutions |  |  | 1,718 |  |  |  | 1,792 |
Unallocated Corporate Overhead Expenses |  |  | 62 |  |  |  | 71 |
Consolidated |  | $ | 3,305 |  |  | $ | 3,593 |
|  | For the Year Ended |
|  | December 31, |
|  | 2018 |  |  | 2017 |
Operating Income (Loss) |  |  |  |  |  |  |  |
T&D Solutions |  | $ | 3,155 |  |  | $ | 910 |
Critical Power Solutions |  |  | (1,322 | ) |  |  | (682 | )
Unallocated Corporate Overhead Expenses |  |  | (3,706 | ) |  |  | (3,541 | )
Consolidated |  | $ | (1,873 | ) |  | $ | (3,313 | )
The following table presents information which reconciles segment assets to consolidated total assets:
|  | December 31, |
|  | 2018 |  |  | 2017 |
Assets |  |  |  |  |  |
T&D Solutions |  | $ | 59,432 |  |  | $ | 60,171 |
Critical Power Solutions |  |  | 7,745 |  |  |  | 9,414 |
Corporate |  |  | 5,335 |  |  |  | 4,670 |
Consolidated |  | $ | 72,512 |  |  | $ | 74,256 |
Corporate assets consist primarily of cash and deferred tax assets. Revenues are attributable to countries based on the location of the Company’s customers:
|  | December 31, |
|  | 2018 |  |  | 2017 |
Revenues |  |  |  |  |  |
United States |  | $ | 74,122 |  |  | $ | 77,924 |
Canada |  |  | 32,140 |  |  |  | 36,251 |
Others |  |  | 128 |  |  |  | 216 |
Total |  | $ | 106,390 |  |  | $ | 114,391 |
Sales to Siemens and Hydro-Quebec Utility Company accounted for approximately 17% and 10%, respectively, of the Company’s total sales in 2018, as compared to 18% and11%, respectively, in 2017. The distribution of the Company’s property, plant, and equipment by geographic location is approximately as follows:
|  | December 31, |
|  | 2018 |  |  | 2017 |
Property, plant and equipment |  |  |  |  |  |  |  |
Canada |  | $ | 1,596 |  |  | $ | 2,801 |
United States |  |  | 938 |  |  |  | 708 |
Mexico |  |  | 2,750 |  |  |  | 3,349 |
Total |  | $ | 5,284 |  |  | $ | 6,858 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration