Segment Information

The following table presents certain operating segment information.



			TS Segment
For the Years Ended September 30,	HPP Segment		Germany		United Kingdom			U.S.		Total		Consolidated Total
	(Amounts in thousands)
2017
Sales:
Product	$	7,608	$	8,322	$	10,727		$	58,018	$	77,067	$	84,675
Service	6,236		14,668		763			5,140		20,571		26,807
Total sales	13,844		22,990		11,490			63,158		97,638		111,482
Profit (loss) from operations	1,467		377		(30		)	1,958		2,305		3,772
Assets	17,782		17,055		6,878			17,213		41,146		58,928
Capital expenditures	99		151		—			108		259		358
Depreciation and amortization	224		188		9			252		449		673

2016
Sales:
Product	$	11,190	$	4,863	$	7,066		$	54,716	$	66,645	$	77,835
Service	5,152		15,130		925			4,325		20,380		25,532
Total sales	16,342		19,993		7,991			59,041		87,025		103,367
Profit (loss) from operations	1,464		676		(363		)	2,024		2,337		3,801
Assets	17,717		13,751		3,748			13,491		30,990		48,707
Capital expenditures	227		322		97			89		508		735
Depreciation and amortization	232		158		79			230		467		699

Profit (loss) from operations is sales less cost of sales, engineering and development, selling, general and administrative expenses but is not affected by either non-operating charges/income or by income taxes. Non-operating charges/income consists principally of investment income and interest expense. All intercompany transactions have been eliminated.

The following table details the Company's sales by operating segment for fiscal years September 30, 2017 and 2016. The Company's sales by geographic area based on the location of where the products were shipped or services rendered are as follows:



2017	Americas			Europe			Asia			Total			% of Total
	(Amounts in thousands)
HPP	$	10,340		$	1,437		$	2,067		$	13,844		12	%
TS	59,642			36,060			1,936			97,638			88	%
Total	$	69,982		$	37,497		$	4,003		$	111,482		100	%
% of Total	63		%	34		%	3		%	100		%
2016
HPP	$	11,417		$	1,584		$	3,341		$	16,342		16	%
TS	59,698			26,376			951			87,025			84	%
Total	$	71,115		$	27,960		$	4,292		$	103,367		100	%
% of Total	69		%	27		%	4		%	100		%

Substantially all Americas amounts are United States.

Long-lived assets by geographic location at September 30, 2017 and 2016 were as follows:



	September 30, 2017		September 30, 2016
	(Amounts in thousands)
North America	$	1,078	$	1,348
Europe	597		619
Totals	$	1,675	$	1,967

Deferred tax assets by geographic location at September 30, 2017 and 2016 were as follows:



	September 30, 2017		September 30, 2016
	(Amounts in thousands)
North America	$	1,962	$	1,990
Europe	865		1,064
Totals	$	2,827	$	3,054

The following table lists customers from which the Company derived revenues in excess of 10% of total revenues for the years ended September 30, 2017 and 2016.



	For the years ended
	September 30, 2017				September 30, 2016
	Amount		% of Revenues		Amount		% of Revenues
	(Amounts in millions)
Customer A	$	22.1	20	%	$	19.6	19	%
Customer B	$	11.1	10	%	$	13.2	13	%

In addition, accounts receivable from Customer A totaled approximately $2.4 million, or 9%, and approximately $3.0 million, or 15%, of total consolidated accounts receivable as of September 30, 2017 and September 30, 2016, respectively. Accounts receivable from Customer B totaled approximately $3.9 million, or 14%, and approximately $2.5 million, or 13%, of total consolidated accounts receivable as of September 30, 2017 and September 30, 2016, respectively.

Two additional customers, C and D, accounted for accounts receivable of 10% or more but did not account for sales of 10% or more. Accounts receivable from Customer C totaled approximately $4.5 million, or 16%, and approximately $1.5 million, or 8%, of total consolidated accounts receivable as of September 30, 2017 and September 30, 2016, respectively. Accounts receivable from Customer D totaled approximately $4.2 million, or 15%, and approximately $0.7 million, or 3%, of total consolidated accounts receivable as of September 30, 2017 and September 30, 2016, respectively. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with these customers as of September 30, 2017. No other customers accounted for 10% or more of total consolidated accounts receivable as of September 30, 2017 or September 30, 2016.