BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION

12.  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 Critical Power reportable segment is comprised solely of 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 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				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Revenues
T&D Solutions
Transformers	$	21,548	$	21,110	$	66,198	$	61,605
Switchgear		4,299		4,268		10,118		10,876
		25,847		25,378		76,316		72,481
Critical Power
Equipment		1,261		1,741		4,490		7,598
Service		2,686		2,270		7,147		5,810
		3,947		4,011		11,637		13,408
Consolidated	$	29,794	$	29,389	$	87,953	$	85,889

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Depreciation and Amortization
T&D Solutions	$	366	$	450	$	1,082	$	1,203
Critical Power		507		355		1,210		1,063
Unallocated Corporate Overhead Expenses		17		17		52		51
Consolidated	$	890	$	822	$	2,344	$	2,317

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2017			2016			2017			2016
Operating Income (Loss)
T&D Solutions	$	1,442		$	2,002		$	6,207		$	6,083
Critical Power		72			(10	)		(277	)		(100	)
Unallocated Corporate Overhead Expenses		(915	)		(780	)		(2,547	)		(2,293	)
Consolidated	$	599		$	1,212		$	3,383		$	3,690

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

	Three Months Ended				Nine Months Ended
	September 30				September 30,
	2017		2016		2017		2016
United States	$	20,804	$	20,594	$	59,790	$	59,067
Canada		8,990		8,795		28,163		26,758
Others		—		—		—		64
Total	$	29,794	$	29,389	$	87,953	$	85,889