XML 70 R53.htm IDEA: XBRL DOCUMENT v3.6.0.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Segment Activity (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
[1]
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
[1]
Sep. 30, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Segment Reporting Information [Line Items]                        
Revenues from external customers $ 19,403 $ 23,257 $ 23,140 $ 20,661 $ 21,886 [2] $ 24,845 [2] $ 22,872 [2] $ 16,637 [2]   $ 86,461 $ 86,240 $ 76,045
Depreciation and amortization [3]                   2,366 2,862 4,197
Earnings on equity method investment                 $ 53 0 53 49
Interest expense                   467 441 508
Income (loss) from operations (2,564) $ (585) $ (1,037) $ (2,324) (1,068) $ 167 $ (815) $ (3,978)   (6,510) (5,694) (2,896)
Segment assets 79,843       90,848         79,843 90,848 93,054
Other intangibles assets, net 16,201       18,746         16,201 18,746 19,785
Goodwill 20,125       21,527         20,125 21,527 21,887
Expenditures for segment assets [4]                   1,674 5,173 1,182
Power and Electro-Mechanical Segment                        
Segment Reporting Information [Line Items]                        
Revenues from external customers                   58,403 58,037 48,675
Depreciation and amortization [3]                   1,445 1,258 941
Earnings on equity method investment                     53 49
Interest expense                   221 226 232
Income (loss) from operations                   645 2,856 4,577
Segment assets 49,830       51,600         49,830 51,600 44,127
Other intangibles assets, net 9,262       9,577         9,262 9,577 8,482
Goodwill 13,083       13,077         13,083 13,077 13,021
Expenditures for segment assets [4]                   1,032 859 913
Energy Segment                        
Segment Reporting Information [Line Items]                        
Revenues from external customers                   28,058 28,203 27,370
Depreciation and amortization [3]                   1,401 1,945 3,498
Earnings on equity method investment                     0 0
Interest expense                   6 4 11
Income (loss) from operations                   (1,676) (3,915) (3,501)
Segment assets 29,632       37,029         29,632 37,029 35,010
Other intangibles assets, net 6,939       9,167         6,939 9,167 11,295
Goodwill 7,042       8,450         7,042 8,450 8,866
Expenditures for segment assets [4]                   642 4,314 269
Other Segment                        
Segment Reporting Information [Line Items]                        
Revenues from external customers                   0 0 0
Depreciation and amortization [3]                   2 6 3
Earnings on equity method investment                     0 0
Interest expense                   240 211 265
Income (loss) from operations                   (5,479) (4,635) (3,972)
Segment assets 381       2,219         381 2,219 13,917
Other intangibles assets, net 0       2         0 2 8
Goodwill $ 0       $ 0         0 0 0
Expenditures for segment assets [4]                   $ 0 $ 0 $ 0
[1] On March 5, 2015, the Company closed on an Asset Purchase Agreement to acquire certain assets and assume certain liabilities of Tectrol, Inc., a Toronto, Canada corporation. The acquisition was effective March 1, 2015 and results are included from that date in the Company’s Power and Electromechanical segment.
[2] Revenue and cost of revenue have been revised. Immaterial revisions made to 2015 amounts were related to sales of raw material components to a vendor that in turn, sold finished goods inventory to the Company that included the raw material components that we had sold to the vendor. Revisions decreased total revenue and total cost of revenue for the first, second third and fourth quarters of 2015 by $216 thousand, $100 thousand, $83 thousand and $28 thousand, respectively. These revisions had no effect on gross profit, operating (loss) or net (loss). For more information see Note 2. Summary of Significant Accounting Policies - Revisions.
[3] For the years ended December 31, 2016, 2015 and 2014, depreciation and amortization totals included $0.5 million, $0.3 million and $0.2 million, respectively that were classified as cost of revenues in the Consolidated Statements of Operations.
[4] Includes purchases of property, plant and equipment and the investment in other intangible assets. Excludes amounts for the CUI – Canada, Inc. acquisition in 2015.