Business Segments

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Business Segments

10. Business Segments

The Company operates in two business segments, ATG and CPG. The Company’s reportable segments are strategic business units that offer different products and services. The segments are composed of separate corporations and are managed separately. Operations in ATG primarily involve the design, manufacture, and marketing of servo-control components (i.e., torque motors, control valves, actuators, etc.) for government, commercial and industrial applications. CPG’s operations involve the design, manufacture and marketing of a variety of cutlery products for use by consumers and government agencies. The Company derives its primary sales revenue from domestic customers, although a portion of finished products are for foreign end use.

As of March 31, 2018, the Company had identifiable assets of approximately $38,632,000 ($37,986,000 – December 31, 2017) of which approximately $27,484,000 ($26,331,000 – December 31, 2017) was for ATG and approximately $11,148,000 ($11,655,000 – December 31, 2017) was for CPG.

Information regarding the Company’s operations in these segments is summarized as follows:

	($000's omitted)
	ATG						CPG						Consolidated
	Three Months Ended						Three Months Ended						Three Months Ended
	March 31,						March 31,						March 31,
	2018			2017			2018			2017			2018			2017
Revenues from unaffiliated customers	$	9,115		$	7,420		$	1,444		$	1,683		$	10,559		$	9,103
Cost of goods sold, exclusive of depreciation and amortization		(6,947	)		(5,464	)		(1,365	)		(1,578	)		(8,312	)		(7,042	)
Selling, general and administrative		(1,216	)		(1,327	)		(397	)		(505	)		(1,613	)		(1,832	)
Depreciation and amortization		(149	)		(146	)		(63	)		(64	)		(212	)		(210	)
Interest expense		(17	)		(15	)		(8	)		(8	)		(25	)		(23	)
Income (loss) before income tax provision (benefits)		786			468			(389	)		(472	)		397			(4	)
Income tax provision (benefits)		130			112			(64	)		(142	)		66			(30	)
Net income (loss)	$	656		$	356		$	(325	)	$	(330	)	$	331		$	26
Capital expenditures	$	405		$	181		$	106		$	2		$	511		$	183