BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION

12 Months Ended

Dec. 31, 2016

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 Solutions.  The Critical Power Solutions reportable segment is the Company’s Titan Energy Systems Inc. subsidiary. The T&D Solutions reportable segment is an aggregation of all other Company subsidiaries, together with sales and expenses attributable to the 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 Solutions 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:

	Year Ended December 31,
	2016		2015
Revenues
T&D Solutions
Transformers	$	81,111	$	75,598
Switchgear		14,759		9,273
		95,870		84,871
Critical Power Solutions
Equipment		10,166		14,929
Service		8,366		6,722
		18,532		21,651
Consolidated	$	114,402	$	106,522

	Year Ended December 31,
	2016		2015
Depreciation and Amortization
T&D Solutions	$	1,617	$	1,643
Critical Power Solutions		1,405		1,449
Unallocated Corporate Overhead Expenses		67		73
Consolidated	$	3,089	$	3,165

	Year Ended December 31,
	2016			2015
Operating Income (Loss)
T&D Solutions	$	4,499		$	(972	)
Critical Power Solutions		62			(847	)
Unallocated Corporate Overhead Expenses		(3,206	)		(3,481	)
Consolidated	$	1,335		$	(5,300	)

The following table presents information which reconciles segment assets to consolidated total assets:

	December 31,
	2016		2015
Assets
T&D Solutions	$	59,779	$	50,890
Critical Power Solutions		10,620		12,173
Corporate		7,009		3,813
Consolidated	$	77,408	$	66,876

Corporate assets consist primarily of cash and deferred tax assets.

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

	Year Ended December 31,
	2016		2015
Revenues
United States	$	83,083	$	68,752
Canada		31,210		36,740
Others		109		1,030
Total	$	114,402	$	106,522

Sales to Siemens accounted for approximately 15% of the Company’s sales in 2016, as compared to 10% in 2015.

The distribution of the Company’s property, plant and equipment by geographic location is approximately as follows:

	December 31,
	2016		2015
Property, plant and equipment
Canada	$	3,793	$	4,181
United States		1,334		1,582
Mexico		1,464		1,586
Total	$	6,591	$	7,349