Segment information

9 Months Ended

Jul. 02, 2011

Segment information [Abstract]

Segment information

(6)           Segment information

The Company has two reportable segments: electronic controls and capacitors. The electronic controls segment produces microprocessor based control systems for zero emission and hybrid electric vehicles. The capacitors segment produces metalized film capacitors for sale to electronic equipment manufacturers. Each segment has its own management team and sales force and the capacitors segment has its own manufacturing facility.

The significant accounting policies of the segments are the same as those described in Note 1 to the 2010 10-K. Inter-segment revenues are accounted for at current market prices. The Company evaluates the performance of each segment principally based on operating income. The Company does not allocate income taxes, interest income and expense or foreign currency translation gains and losses to segments. Information concerning operations of these businesses is as follows:

	(in thousands of dollars)
	Three months ended July 2, 2011
	Controls		Capacitors		Corporate			Total
Sales to external customers	$	7,637	$	571	$	-		$	8,208
Inter-segment revenues		-		-		-			-
Operating income (loss)		204		88		(115	)		177
Identifiable assets		21,527		1,137		276			22,940

	Three months ended July 3, 2010
	Controls			Capacitors		Corporate			Total
Sales to external customers	$	6,044		$	446	$	-		$	6,490
Inter-segment revenues		-			-		-			-
Operating income (loss)		(27	)		30		(65	)		(62	)
Identifiable assets		16,351			1,131		225			17,707

	Nine months ended July 2, 2011
	Controls		Capacitors		Corporate			Total
Sales to external customers	$	21,177	$	1,701	$	-		$	22,878
Inter-segment revenues		-		18		-			18
Operating income (loss)		1,003		296		(431	)		868
Identifiable assets		21,527		1,137		276			22,940

	Nine months ended July 3, 2010
	Controls		Capacitors		Corporate			Total
Sales to external customers	$	17,811	$	1,211	$	-		$	19,022
Inter-segment revenues		-		14		-			14
Operating income (loss)		293		67		(198	)		162
Identifiable assets		16,351		1,131		225			17,707

In the electronic controls segment, the revenues were derived from the following products and services:

(in thousands of dollars)
	Three Months ended				Nine Months ended
	July 2, 2011		July 3, 2010		July 2, 2011		July 3, 2010
Electronic controls for zero emission and hybrid electric vehicles	$	5,597	$	3,151	$	15,505	$	10,333
Accessory and aftermarket products and services		2,040		2,893		5,672		7,478
Total electronic controls segment revenues	$	7,637	$	6,044	$	21,177	$	17,811