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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