Segment information

9 Months Ended

Jun. 28, 2014

Segment information [Abstract]

Segment information

(7) 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 those described in Note 1 to the Notes to Consolidated Financial Statements in the 2013 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 June 28, 2014
	Controls			Capacitors			Corporate				Total
Sales to external customers		$	9,063		$	594		$	-			$	9,657
Inter-segment revenues			-			3			-				3
Operating income (loss)			194			108			(89	)			213
Total assets, excluding goodwill			21,907			1,462			664				24,033

	Three months ended June 29, 2013
	Controls		Capacitors		Corporate		Total
Sales to external customers		8,191	$	484	$	-	$	8,675
Inter-segment revenues		-		-		-		-
Operating income (loss)		208		29		56		293
Total assets, excluding goodwill		19,637		1,149		450		21,236

	Nine months ended June 28, 2014
	Controls		Capacitors		Corporate			Total
Sales to external customers		26,199	$	1,677	$	-		$	27,876
Inter-segment revenues		-		5		-			5
Operating income (loss)		1,033		252		(166	)		1,119
Total assets, excluding goodwill		21,907		1,462		664			24,033

	Nine months ended June 29, 2013
	Controls			Capacitors		Corporate			Total
Sales to external customers		21,974		$	1,358	$	-		$	23,332
Inter-segment revenues		-			6		-			6
Operating loss		(1,228	)		8		(135	)		(1,355	)
Total assets, excluding goodwill		19,637			1,149		450			21,236

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

	(in thousands of dollars)
	Three Months ended						Nine Months ended
	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Electronic controls for zero emission and hybrid electric vehicles		$	6,591		$	5,718		$	19,730		$	14,367
Accessory and aftermarket products and services			2,472			2,473			6,469			7,607
Total electronic controls segment revenues		$	9,063		$	8,191		$	26,199		$	21,974