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BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

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

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
		March 31,
		2019				2018
Revenues
T&D Solutions
Transformers		$	21,682			$	20,932
Switchgear			1,073				3,702
		$	22,755			$	24,634
Critical Power Solutions
Equipment			173				382
Service			1,771				2,161
			1,944				2,543
Consolidated		$	24,699			$	27,177

		Three Months Ended
		March 31,
		2019				2018
Depreciation and Amortization
T&D Solutions		$	422			$	434
Critical Power Solutions			36				378
Unallocated Corporate Overhead Expenses			14				16
Consolidated		$	472			$	828

		Three Months Ended
		March 31,
		2019				2018
Operating Income
T&D Solutions		$	1,804			$	1,573
Critical Power Solutions			(402	)			(438	)
Unallocated Corporate Overhead Expenses			(810	)			(854	)
Consolidated		$	592			$	281

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

		Three Months Ended
		March 31,
		2019				2018
Revenues
United States		$	15,511			$	18,496
Canada			9,188				8,681
Total		$	24,699			$	27,177

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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