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Note 11 - Business Segment Information
12 Months Ended
Dec. 31, 2019
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, man-portable systems, integrated communication systems for fixed or vehicle applications and communications and electronics systems design. We believe that reporting performance at the gross profit level is the best indicator of segment performance. 
 
 
2019:
 
   
Battery &
Energy
Products
   
Communications
Systems
   
Corporate
   
Total
 
Revenue
  $
83,996
    $
22,799
    $
-
    $
106,795
 
Segment contribution
   
22,813
     
8,352
     
(23,797
)    
7,368
 
Other expense
   
 
     
 
     
597
     
597
 
Income tax expense
   
 
     
 
     
1,457
     
1,457
 
Non-controlling interest
   
 
     
 
     
109
     
109
 
Net income attributable to Ultralife
   
 
     
 
     
 
    $
5,205
 
                                 
Total assets
  $
79,413
    $
40,458
    $
24,686
    $
144,557
 
Capital expenditures
  $
5,805
    $
44
    $
432
    $
6,281
 
Goodwill
  $
15,260
    $
11,493
     
-
    $
26,753
 
Depreciation and amortization of intangible assets
  $
2,104
    $
364
    $
277
    $
2,745
 
Stock-based compensation
  $
355
    $
119
    $
279
    $
753
 
 
 
2018:
 
   
Battery &
Energy
Products
   
Communications Systems
   
Corporate
   
Total
 
Revenue
  $
70,497
    $
16,693
    $
-
    $
87,190
 
Segment contribution
   
19,574
     
6,009
     
(19,028
)    
6,555
 
Other income
   
 
     
 
     
(58
)    
(58
)
Income tax benefit
   
 
     
 
     
(18,386
)    
(18,386
)
Non-controlling interest
   
 
     
 
     
69
     
69
 
Net income attributable to Ultralife
   
 
     
 
     
 
    $
24,930
 
                                 
Total assets
  $
50,648
    $
27,482
    $
42,718
    $
120,848
 
Capital expenditures
  $
2,948
    $
614
    $
623
    $
4,185
 
Goodwill
  $
8,616
    $
11,493
     
-
    $
20,109
 
Depreciation and amortization of intangible assets
  $
1,611
    $
375
    $
383
    $
2,369
 
Stock-based compensation
  $
333
    $
106
    $
451
    $
890
 
 
 
Long-lived assets (including goodwill and intangible assets) held outside the U.S., principally in the United Kingdom and China, were
$12,414
 and
$11,502
at
December 31, 2019
and
2018,
respectively.
  
 
U.S. and Non-U.S. Revenue Information
1
:
 
 
201
9
:
 
Total
Revenue
   
United
States
   
Non-United
States
 
Battery & Energy Products
  $
83,996
    $
42,224
    $
41,772
 
Communications Systems
   
22,799
     
21,151
     
1,648
 
Total
  $
106,795
    $
63,375
    $
43,420
 
   
 
 
 
 
 
59
%
 
 
41
%
 
 
201
8
:
 
Total
Revenue
   
United
States
   
Non-United
States
 
Battery & Energy Products
  $
70,497
    $
37,898
    $
32,599
 
Communications Systems
   
16,693
     
15,156
     
1,537
 
Total
  $
87,190
    $
53,054
    $
34,136
 
   
 
 
 
 
 
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
 
 
Commercial and Government/Defense Revenue Information:
 
 
 
201
9
:
 
Total
Revenue
   
Commercial
   
Government/
Defense
 
Battery & Energy Products
  $
83,996
    $
59,682
    $
24,314
 
Communications Systems
   
22,799
     
-
     
22,799
 
Total
  $
106,795
    $
59,682
    $
47,113
 
   
 
 
 
 
 
56
%
 
 
44
%
 
201
8
:
 
Total
Revenue
   
Commercial
   
Government/
Defense
 
Battery & Energy Products
  $
70,497
    $
41,044
    $
29,453
 
Communications Systems
   
16,693
     
-
     
16,693
 
Total
  $
87,190
    $
41,044
    $
46,146
 
   
 
 
 
 
 
47
%
 
 
53
%