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Segment Information
 9 Months Ended
Sep. 30, 2014
Segment Information [Abstract]  
Segment Information

Note 11.  Segment Information 

 

The Company has two reportable operating segments: Production Monitoring and Investments.  The Production Monitoring segment manufactures and markets a complete line of production monitoring equipment, in particular speed monitoring and motor control systems for industrial machinery.  ESI Investment Company holds investments in marketable and non-marketable securities. 

 

The accounting policies of the segments are described in Note 1 of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.  In evaluating segment performance, management focuses on sales and income before taxes.  The Company has no inter-segment sales. 

 

The following is financial information relating to the continuing operating segments:  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2014

 

2013

 

2014

 

2013

External sales

 

 

 

 

 

 

 

 

Production monitoring

 

$
1,917 

 

$
1,708 

 

$
5,379 

 

$
4,813 

Total

 

$
1,917 

 

$
1,708 

 

$
5,379 

 

$
4,813 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

 

 

 

 

 

 

 

  Production monitoring

 

$
223 

 

$
18 

 

$
397 

 

$
220 

  Investments

 

 
258 

 

 
132 

 

 
1,010 

 

 
534 

Total

 

$
481 

 

$
150 

 

$
1,407 

 

$
754