SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Segment Reporting Information, by Segment

The following information represents segment activity for the three months ended June 30, 2016 and selected balance sheet items as of June 30, 2016:

(in thousands)	Power and Electro- Mechanical		Energy		Other		Total
Revenues from external customers	$	15,399	$	7,741	$	—	$	23,140
Depreciation and amortization⁽¹⁾		356		373		1		730
Interest expense		55		—		66		121
Profit (loss) from operations		563		(185)		(1,415)		(1,037)
Segment assets		50,588		33,905		808		85,301
Other intangibles assets, net		9,553		7,964		—		17,517
Goodwill		13,100		7,644		—		20,744
Expenditures for segment assets ⁽²⁾		207		180		—		387

The following information represents segment activity for the six months ended June 30, 2016 and selected balance sheet items as of June 30, 2016:

(in thousands)	Power and Electro- Mechanical		Energy		Other		Total
Revenues from external customers	$	28,451	$	15,351	$	—	$	43,802
Depreciation and amortization⁽¹⁾		691		744		2		1,437
Interest expense		110		2		133		245
Profit (loss) from operations		225		(279)		(3,306)		(3,360)
Segment assets		50,588		33,905		808		85,301
Other intangibles assets, net		9,553		7,964		—		17,517
Goodwill		13,100		7,644		—		20,744
Expenditures for segment assets ⁽²⁾		481		290		—		771

The following information represents segment activity for the three months ended June 30, 2015 and selected balance sheet items as of June 30, 2015:

(in thousands)	Power and Electro- Mechanical		Energy		Other		Total
Revenues from external customers ⁽³⁾	$	16,548	$	6,324	$	—	$	22,872
Depreciation and amortization ⁽¹⁾		333		367		1		701
Earnings on equity method investment		10		—		—		10
Interest expense		56		2		38		96
Loss from operations ⁽⁴⁾		1,194		(1,044)		(965)		(815)
Segment assets		51,418		35,802		6,102		93,322
Other intangibles assets, net ⁽⁵⁾		9,751		10,359		6		20,116
Goodwill		13,082		8,972		—		22,054
Expenditures for segment assets ⁽²⁾		124		1,386		—		1,510

The following information represents segment activity for the six months ended June 30, 2015 and selected balance sheet items as of June 30, 2015:

(in thousands)	Power and Electro- Mechanical		Energy		Other		Total
Revenues from external customers ⁽³⁾	$	27,021	$	12,488	$	—	$	39,509
Depreciation and amortization ⁽¹⁾		599		1,153		2		1,754
Earnings on equity method investment		24		—		—		24
Interest expense		111		3		95		209
Loss from operations ⁽⁴⁾		694		(3,260)		(2,227)		(4,793)
Segment assets		51,418		35,802		6,102		93,322
Other intangibles assets, net ⁽⁵⁾		9,751		10,359		6		20,116
Goodwill		13,082		8,972		—		22,054
Expenditures for segment assets ⁽²⁾		428		2,104		—		2,532

⁽¹⁾

Depreciation and amortization totals for the three and six months ended June 30, 2016, include $114 thousand and $212 thousand, respectively, which were classified as cost of revenues in the Condensed Consolidated Statements of Operations. Depreciation and amortization for the three and six months ended June 30, 2015, include $92 thousand and $159 thousand, respectively, which were classified as cost of revenues in the Condensed Consolidated Statements of Operations.

⁽²⁾

Includes purchases of property plant and equipment and the investment in other intangible assets. Excludes amounts for the Tectrol, Inc. acquisition in 2015.

⁽³⁾

See note 1, Nature of operations - Revisions, for explanation of change to 2015 revenue amounts.

⁽⁴⁾

For the three and six months ended June 30, 2015, $31 thousand and $62 thousand, respectively, of compensation expense included in Selling, General and Administrative expense was reclassified from the Power and Electromechanical segment to the Energy segment to conform with the 2016 presentation.

⁽⁵⁾

The Power and Electromechanical segment includes $328 thousand net book value of product certifications that were reclassified from property plant and equipment as of June 30, 2015.

Revenue from External Customers by Geographic Areas

The following represents revenue by country:

(dollars in thousands)	For the Three Months Ended June 30,
	2016					2015
	Amount		%			Amount		%
USA	$	11,286		49	%	$	12,874		56	%
United Kingdom		4,843		21	%		4,815		21	%
All Others		7,011		30	%		5,183		23	%
Total	$	23,140		100	%	$	22,872		100	%

(dollars in thousands)	For the Six Months Ended June 30,
	2016					2015
	Amount		%			Amount		%
USA	$	21,854		50	%	$	20,756		53	%
United Kingdom		9,448		22	%		10,743		27	%
All Others		12,500		28	%		8,010		20	%
Total	$	43,802		100	%	$	39,509		100	%