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OPERATING SEGMENT AND GEOGRAPHIC INFORMATION | 12 Months Ended
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Dec. 31, 2014
Segment Reporting [Abstract] |
Operating Segment and Geographic Information | OPERATING SEGMENT AND GEOGRAPHIC INFORMATION Transgenomic’s chief operating decision-maker is the Chief Executive Officer, who regularly evaluates our performance based on net sales and gross profit. The preparation of this segment analysis requires management to make estimates and assumptions around expenses below the gross profit level. While we believe the segment information to be materially correct, actual results could differ from the estimates and assumptions used in preparing this information. We have two reportable operating segments, Laboratory Services and Genetic Assays and Platforms. These lines of business are complementary with the Biomarker Identification labs driving innovation and leading to kit production in our Genetic Assays and Platforms segment and new tests in our Patient Testing labs. The accounting policies of the segments are the same as the policies discussed in Footnote 2 – “Summary of Significant Accounting Policies”. Segment information for the years ended December 31, 2014, 2013 and 2012 is as follows:
| Dollars in Thousands
| 2014
| Laboratory Services |  | Genetic Assays and Platforms |  | Total
Net Sales | $ | 16,520 |  |  | $ | 10,563 |  |  | $ | 27,083 |
Gross Profit | 6,840 |  | 2,881 |  |  | 9,721 |
Net Loss before Taxes | (14,691 | ) |  | 1,273 |  |  | (13,418 | )
Income Tax Expense | 631 |  |  | (107 | ) |  | 524 |
Net Loss | $ | (15,322 | ) |  | $ | 1,380 |  |  | $ | (13,942 | )
Depreciation/Amortization | $ | 2,088 |  |  | $ | 160 |  |  | $ | 2,248 |
Interest Expense | 406 |  |  | 259 |  |  | 665 |
| December 31, 2014
Total Assets | $ | 23,116 |  |  | $ | 6,890 |  |  | $ | 30,006 |
Goodwill | 6,918 |  |  | — |  |  | 6,918 |
| Dollars in Thousands
| 2013
| Laboratory Services |  | Genetic Assays and Platforms |  | Total
Net Sales | $ | 15,391 |  |  | $ | 12,153 |  |  | $ | 27,544 |
Gross Profit | 6,820 |  |  | 3,934 |  |  | 10,754 |
Net (Loss) before Taxes | (12,486 | ) |  | (3,555 | ) |  | (16,041 | )
Income Tax Expense | — |  |  | (54 | ) |  | (54 | )
Net (Loss) | $ | (12,486 | ) |  | $ | (3,501 | ) |  | $ | (15,987 | )
Depreciation/Amortization | $ | 2,467 |  |  | $ | 281 |  |  | $ | 2,748 |
Interest Expense | 398 |  |  | 244 |  |  | 642 |
| December 31, 2013
Total Assets | $ | 21,711 |  |  | $ | 8,567 |  |  | $ | 30,278 |
Goodwill | 6,918 |  |  | — |  |  | 6,918 |
| Dollars in Thousands
| 2012
| Laboratory Services |  | Genetic Assays and Platforms |  | Total
Net Sales | $ | 19,329 |  |  | $ | 12,151 |  |  | $ | 31,480 |
Gross Profit | 9,316 |  |  | 3,816 |  |  | 13,132 |
Net Loss before Taxes | (6,874 | ) |  | (1,307 | ) |  | (8,181 | )
Income Tax Expense | — |  |  | 146 |  |  | 146 |
Net Loss | $ | (6,874 | ) |  | $ | (1,453 | ) |  | $ | (8,327 | )
Depreciation/Amortization | $ | 1,960 |  |  | $ | 318 |  |  | $ | 2,278 |
Interest Expense | 851 |  |  | 37 |  |  | 888 |
| December 31, 2012
Total Assets | $ | 29,196 |  |  | $ | 9,595 |  |  | $ | 38,791 |
Goodwill | 6,918 |  |  | — |  |  | 6,918 |
Net sales for the year ended December 31, 2014, 2013 and 2012 by country were as follows:
|  |  | Dollars in Thousands
|  |  | Years Ended December 31,
|  |  | 2014 |  | 2013 |  | 2012
United States |  |  | $ | 21,052 |  |  | $ | 20,119 |  |  | $ | 22,727 |
Italy |  |  | 1,258 |  |  | 1,530 |  |  | 2,524 |
United Kingdom |  |  | 881 |  |  | 748 |  |  | 1,703 |
All Other Countries |  |  | 3,892 |  |  | 5,147 |  |  | 4,526 |
Total |  |  | $ | 27,083 |  |  | $ | 27,544 |  |  | $ | 31,480 |
Other than the countries specifically identified above, no country individually accounted for more than 5% of total net sales. More than 99% of our long-lived assets are located within the United States. Substantially all of the remaining long-lived assets are located within Europe.

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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 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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