XML 86 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Products $ 31,363us-gaap_SalesRevenueGoodsNet $ 34,364us-gaap_SalesRevenueGoodsNet [1] $ 36,263us-gaap_SalesRevenueGoodsNet [1]
Services 49,363us-gaap_SalesRevenueServicesNet 45,187us-gaap_SalesRevenueServicesNet [1] 41,652us-gaap_SalesRevenueServicesNet [1]
Total revenues 80,726us-gaap_SalesRevenueNet 79,551us-gaap_SalesRevenueNet 77,915us-gaap_SalesRevenueNet
Cost of revenues:      
Products 23,340us-gaap_CostOfGoodsSold 24,892us-gaap_CostOfGoodsSold 25,177us-gaap_CostOfGoodsSold
Services 40,286us-gaap_CostOfServices 35,987us-gaap_CostOfServices 33,362us-gaap_CostOfServices
Total cost of revenues 63,626us-gaap_CostOfRevenue 60,879us-gaap_CostOfRevenue 58,539us-gaap_CostOfRevenue
Gross profit 17,100us-gaap_GrossProfit 18,672us-gaap_GrossProfit 19,376us-gaap_GrossProfit
Operating expenses:      
Research and development, net 1,070us-gaap_ResearchAndDevelopmentExpense 713us-gaap_ResearchAndDevelopmentExpense 995us-gaap_ResearchAndDevelopmentExpense
Selling and marketing 3,203us-gaap_SellingAndMarketingExpense 3,150us-gaap_SellingAndMarketingExpense 2,899us-gaap_SellingAndMarketingExpense
General and administrative 9,019us-gaap_GeneralAndAdministrativeExpense 9,512us-gaap_GeneralAndAdministrativeExpense 10,110us-gaap_GeneralAndAdministrativeExpense
Other income (11)us-gaap_OtherOperatingIncomeExpenseNet (20)us-gaap_OtherOperatingIncomeExpenseNet (13)us-gaap_OtherOperatingIncomeExpenseNet
Total operating expenses 13,281us-gaap_OperatingExpenses 13,355us-gaap_OperatingExpenses 13,991us-gaap_OperatingExpenses
Operating income from continuing operations 3,819us-gaap_OperatingIncomeLoss 5,317us-gaap_OperatingIncomeLoss 5,385us-gaap_OperatingIncomeLoss
Financial expenses (2,510)us-gaap_OtherNonoperatingExpense (947)us-gaap_OtherNonoperatingExpense (2,094)us-gaap_OtherNonoperatingExpense
Financial income 1,216us-gaap_OtherNonoperatingIncome 897us-gaap_OtherNonoperatingIncome 1,988us-gaap_OtherNonoperatingIncome
Income from continuing operations before taxes on income 2,525us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 5,267us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 5,279us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Taxes on income 1,360us-gaap_IncomeTaxExpenseBenefit 1,041us-gaap_IncomeTaxExpenseBenefit 2,090us-gaap_IncomeTaxExpenseBenefit
Net income from continuing operations after taxes on income 1,165tatt_IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments 4,226tatt_IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments 3,189tatt_IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments
Share in results of affiliated company and impairment of share in affiliated company 267us-gaap_IncomeLossFromEquityMethodInvestments 1,025us-gaap_IncomeLossFromEquityMethodInvestments (3,756)us-gaap_IncomeLossFromEquityMethodInvestments
Net income (loss) from continuing operations 1,432us-gaap_IncomeLossFromContinuingOperations 5,251us-gaap_IncomeLossFromContinuingOperations (567)us-gaap_IncomeLossFromContinuingOperations
Net loss from discontinued operations, net of tax    (2,429)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (1,147)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income (loss) attributable to TAT Technologies Ltd. shareholders $ 1,432us-gaap_NetIncomeLoss $ 2,822us-gaap_NetIncomeLoss $ (1,714)us-gaap_NetIncomeLoss
Basic and diluted income (loss) per share:      
Net income (loss) from continuing operations per share attributable to controlling interest $ 0.16us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0.60us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (0.06)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Loss from discontinued operations per share attributable to controlling interest    $ (0.28)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare $ (0.13)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
Basic and diluted net loss per share attributable to controlling interest $ 0.16us-gaap_EarningsPerShareBasicAndDiluted $ 0.32us-gaap_EarningsPerShareBasicAndDiluted $ (0.19)us-gaap_EarningsPerShareBasicAndDiluted
Basic 8,805,495us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 8,799,237us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 8,808,075us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 8,826,542us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 8,808,920us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 8,808,075us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Excluding discontinued operations for each of the years ended on December 31, 2013 and 2012.