Segment information

9 Months Ended

Jul. 04, 2015

Segment information [Abstract]

Segment information

(7) Segment information

The Company has two reportable segments: electronic controls and capacitors. The electronic controls segment produces 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 2014 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 4, 2015
	Controls			Capacitors		Corporate			Total
Sales to external customers		$	9,820		526		-			$	10,346
Inter-segment revenues			-		-		-				-
Operating income (loss)			342		5		(86	)			261
Identifiable assets, excluding goodwill			24,033		1,248		7,150				32,431

	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
Identifiable assets, excluding goodwill		21,907		1,462		664			24,033

	Nine months ended July 4, 2015
	Controls		Capacitors		Corporate		Total
Sales to external customers	$	29,000		1,619		-	$	30,619
Inter-segment revenues		-		3		-		3
Operating income		1,064		121		32		1,217
Identifiable assets, excluding goodwill		24,033		1,248		7,150		32,431

	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
Identifiable assets, excluding goodwill		21,907		1,462		664			24,033

 

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

	(in thousands of dollars)
	Three Months ended				Nine Months ended
	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Electronic controls for zero emission and hybrid electric vehicles	$	7,445	$	6,591	$	19,746	$	19,730
Accessory and aftermarket products and services and engineering contracts		2,375		2,472		9,254		6,469
Total electronic controls segment revenues	$	9,820	$	9,063	$	29,000	$	26,199