Segment Information

6 Months Ended

Aug. 02, 2014

Segment Reporting [Abstract]

Segment Information

(10) Segment Information

Astro-Med reports two segments consistent with its sales product groups: QuickLabel Systems (QuickLabel) and Test & Measurement (T&M). On January 31, 2013, the Company completed the sale of substantially all of the assets of its Grass Technologies Product Group (Grass) in order to focus on its existing core businesses. Consequently, the Company has classified the results of operations of Grass as discontinued operations for the three and six months ended August 3, 2013. Refer to Note 15, “Discontinued Operations” for a further discussion.

On January 22, 2014, Astro-Med completed the acquisition of the ruggedized printer product line from Miltope. Astro-Med’s ruggedized printer product line is part of the T&M product group and is reported as part of the T&M segment. The results of the Miltope’s ruggedized printer product line operations have been included below for the three and six months periods ended August 2, 2014. Assuming the acquisition of Miltope occurred on February 1, 2013 the Company’s net sales for the three and six months periods ended August 3, 2013 would have been $19,194,000 and $36,679,000, respectively. Refer to Note 4, “Acquisition,” for further details.

The Company evaluates segment performance based on the segment profit before corporate expenses.

Summarized below are the Net Sales and Segment Operating Profit for each reporting segment:

	Three Months Ended									Six Months Ended
	Net Sales				Segment Operating Profit					Net Sales				Segment Operating Profit
(In thousands)	August 2, 2014		August 3, 2013		August 2, 2014		August 3, 2013			August 2, 2014		August 3, 2013		August 2, 2014			August 3, 2013
QuickLabel	$	15,257	$	12,195	$	2,247	$	1,576		$	29,680	$	23,592	$	4,445		$	2,468
T&M		7,109		4,999		1,360		691			13,460		9,087		2,052			890
Total	$	22,366	$	17,194		3,607		2,267		$	43,140	$	32,679		6,497			3,358
Product Replacement Related Costs						—		—							—			672
Corporate Expenses						1,443		1,380							2,634			2,521
Operating Income						2,164		887							3,863			165
Other Income (Expense)—Net						83		(25	)						(38	)		(62	)
Income From Continuing Operations Before Income Taxes						2,247		862							3,825			103
Income Tax Provision						812		331							1,261			11
Income From Continuing Operations						1,435		531							2,564			92
Income From Discontinued Operations, Net of Income Taxes						—		165							—			155
Net Income					$	1,435	$	696						$	2,564		$	247