Business Segments

6 Months Ended

Jun. 30, 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 June 30, 2018, the Company had identifiable assets of approximately $39,614,000 ($37,986,000 – December 31, 2017) of which approximately $28,666,000 ($26,331,000 – December 31, 2017) was for ATG and approximately $10,948,000 ($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
	Six Months Ended						Six Months Ended						Six Months Ended
	June 30,						June 30,						June 30,
	2018			2017			2018			2017			2018			2017
Revenues from unaffiliated customers	$	19,389		$	15,050		$	3,116		$	3,669		$	22,505		$	18,719
Cost of goods sold, inclusive of depreciation and amortization		(14,635	)		(11,628	)		(2,896	)		(3,446	)		(17,531	)		(15,074	)
Selling, general and administrative		(2,655	)		(2,506	)		(986	)		(956	)		(3,641	)		(3,462	)
Interest expense		(35	)		(23	)		(17	)		(15	)		(52	)		(38	)
Income (loss) before income tax provision (benefits)		2,064			893			(783	)		(748	)		1,281			145
Income tax provision (benefits)		392			239			(149	)		(225	)		243			14
Net income (loss)	$	1,672		$	654		$	(634	)	$	(523	)	$	1,038		$	131
Capital expenditures	$	845		$	495		$	139		$	76		$	984		$	571

	($000's omitted)
	ATG						CPG						Consolidated
	Three Months Ended						Three Months Ended						Three Months Ended
	June 30,						June 30,						June 30,
	2018			2017			2018			2017			2018			2017
Revenues from unaffiliated customers	$	10,274		$	7,630		$	1,672		$	1,986		$	11,946		$	9,616
Cost of goods sold, inclusive of depreciation and amortization		(7,552	)		(6,024	)		(1,470	)		(1,806	)		(9,022	)		(7,830	)
Selling, general and administrative		(1,426	)		(1,173	)		(587	)		(449	)		(2,013	)		(1,622	)
Interest expense		(18	)		(8	)		(9	)		(7	)		(27	)		(15	)
Income (loss) before income tax provision (benefits)		1,278			425			(394	)		(276	)		884			149
Income tax provision (benefits)		262			127			(85	)		(83	)		177			44
Net income (loss)	$	1,016		$	298		$	(309	)	$	(193	)	$	707		$	105
Capital expenditures	$	440		$	314		$	33		$	74		$	473		$	388