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Note 11 - Business Segment Information
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
Note
11
- Business Segment Information
 
We report our results in
two
operating segments: Battery & Energy Products and Communications Systems. The Battery & Energy Products segment includes: Lithium
9
-volt, cylindrical and various other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems and accessories. The Communications Systems segment includes: RF amplifiers, power supplies, cable and connector assemblies, amplified speakers, equipment mounts, case equipment, integrated communication system kits and communications and electronics systems design. We believe that reporting performance at the gross profit level is the best indicator of segment performance.  As such we report segment performance at the gross profit level and operating expenses as Corporate charges.
 
2016
:
 
 
Battery &
Energy
Products
 
 
Communications
Systems
 
 
Corporate
 
 
Total
 
Revenue
  $
64,753
    $
17,707
    $
-
    $
82,460
 
Segment Contribution
   
19,580
     
5,528
     
(21,345
)    
3,763
 
Interest Expense, Net
   
 
     
 
     
(263
)    
(263
)
Miscellaneous
   
 
     
 
     
80
     
80
 
Income Tax Provision
   
 
     
 
     
(98
)    
(98
)
Non-Controlling Interest
   
 
     
 
     
27
     
27
 
Net Income Attributable to Ultralife
   
 
     
 
     
 
    $
3,509
 
                                 
Total Assets
  $
39,691
    $
32,021
    $
13,032
    $
84,744
 
Capital Expenditures
   
852
     
158
     
367
     
1,377
 
Goodwill
   
8,472
     
11,493
     
 
     
19,965
 
Depreciation and Amortization of Intangible Assets
   
2,042
     
541
     
143
     
2,726
 
Stock-Based Compensation
   
403
     
110
     
197
     
710
 
 
 
2
015
:
 
 
Battery &
Energy
Products
 
 
Communi
cations
Systems
 
 
Corporate
 
 
Total
 
Revenue
  $
65,272
    $
11,155
    $
-
    $
76,427
 
Segment Contribution
   
18,698
     
4,618
     
(19,986
)    
3,330
 
Interest Expense, Net
   
 
     
 
     
(245
)    
(245
)
Miscellaneous
   
 
     
 
     
65
     
65
 
Income Tax Provision
   
 
     
 
     
(310
)    
(310
)
Non-Controlling Interest
   
 
     
 
     
29
     
29
 
Net Loss Attributable to Ultralife
   
 
     
 
     
 
    $
2,869
 
                                 
Total Assets
  $
35,295
    $
28,849
    $
17,378
    $
81,522
 
Capital Expenditures
   
355
     
973
     
562
     
1,890
 
Goodwill
   
4,790
     
11,493
     
 
     
16,283
 
Depreciation and Amortization of Intangible Assets
   
1,625
     
98
     
984
     
2,707
 
Intangible Asset Impairment
   
 
     
150
     
 
     
150
 
Stock-Based Compensation
   
46
     
3
     
522
     
571
 
 
U.S. and No
n-U.S. Revenue Information
1
:
 
 
2016:
 
Total
Revenue
 
 
United
States
 
 
Non-United
States
 
Battery & Energy Products
  $
64,753
    $
29,587
    $
35,166
 
Communications Systems
   
17,707
     
15,507
     
2,200
 
Total
  $
82,460
     
45,094
    $
37,366
 
 
 
 
 
 
 
 
55
%
 
 
45
%
 
 
2015
:
 
Total
Revenue
 
 
United
States
 
 
Non-United
States
 
Battery & Energy Products
  $
65,272
    $
37,106
    $
28,166
 
Communications Systems
   
11,155
     
9,635
     
1,520
 
Total
  $
76,427
    $
46,741
    $
29,686
 
 
 
 
 
 
 
 
61
%
 
 
39
%
 
1
Sales classified to U.S. include shipments to U.S.-based prime contractors which in some cases
may
serve non-U.S. projects
 
Long-lived assets (including goodwill and intangible assets) held outside the U.S., principally in the United Kingdom and China, were
$11,652
and
$4,748
at
December
31,
2016
and
2015,
respectively.
 
Commercial and Government/Defense Revenue Information:
 
 
 
2016
:
 
Total
Revenue
 
 
Commercial
 
 
Government/
Defense
 
Battery & Energy Products
  $
64,753
    $
40,886
    $
23,867
 
Communications Systems
   
17,707
     
-
     
17,707
 
Total
  $
82,460
    $
40,886
    $
41,574
 
 
 
 
 
 
 
 
50
%
 
 
50
%
 
2015
:
 
Total
Revenue
 
 
Commercial
 
 
Government/
Defense
 
Battery & Energy Products
  $
65,272
    $
33,367
    $
31,905
 
Communications Systems
   
11,155
     
-
     
11,155
 
Total
  $
76,427
    $
33,367
    $
43,060
 
 
 
 
 
 
 
 
44
%
 
 
56
%