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Industry, Segment and Geographic Financial Information (Tables)
 12 Months Ended
Dec. 31, 2018
Industry, Segment and Geographic Financial Information  
Schedule of net sales to unaffiliated customers and identifiable assets by geographic areas

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

 

Net sales to Unaffiliated Customers:

 

 

              

 

 

              

 

 

              

 

USA

 

$

159,275

 

$

137,185

 

$

141,571

 

Canada

 

 

12,036

 

 

11,835

 

 

12,694

 

Rest of the world

 

 

10,133

 

 

11,547

 

 

10,344

 

Total

 

$

181,444

 

$

160,567

 

$

164,609

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

 

Identifiable Assets by Geographic Areas at December 31,

 

 

               

 

 

               

 

 

               

 

USA and Rest of the world

 

$

100,681

 

$

97,481

 

$

108,568

 

Canada

 

 

7,290

 

 

7,209

 

 

7,684

 

Total

 

$

107,971

 

$

104,690

 

$

116,252

 

 

Schedule of segment reporting information

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

  

2018

  

2017

  

2016

Revenue:

 

 

 

 

 

 

 

 

 

Lifeboat Distribution

 

$

163,564

 

$

141,708

 

$

137,113

TechXtend

 

 

17,880

 

 

18,859

 

 

27,496

 

 

 

181,444

 

 

160,567

 

 

164,609

Gross Profit:

 

 

 

 

 

 

 

 

 

Lifeboat Distribution

 

$

23,441

 

$

23,183

 

$

22,349

TechXtend

 

 

3,479

 

 

3,893

 

 

4,982

 

 

 

26,920

 

 

27,076

 

 

27,331

Direct Costs:

 

 

 

 

 

 

 

 

 

Lifeboat Distribution

 

$

8,920

 

$

7,952

 

$

7,478

TechXtend

 

 

1,707

 

 

1,879

 

 

2,098

 

 

 

10,627

 

 

9,831

 

 

9,576

Segment Income Before Taxes: (1)

 

 

 

 

 

 

 

 

 

Lifeboat Distribution

 

$

14,521

 

$

15,231

 

$

14,871

TechXtend

 

 

1,772

 

 

2,014

 

 

2,884

Segment Income Before Taxes

 

 

16,293

 

 

17,245

 

 

17,755

 

 

 

 

 

 

 

 

 

 

General and administrative

 

$

9,692

 

$

9,432

 

$

9,139

Separation expenses

 

 

2,446

 

 

 —

 

 

 —

Interest, net

 

 

907

 

 

699

 

 

318

Foreign currency transaction gains (loss)

 

 

55

 

 

41

 

 

(1)

Income before taxes

 

$

5,117

 

$

8,553

 

$

8,933

 

(1) Excludes general corporate expenses including separation, interest, and foreign currency translation expenses.

 

The following table presents historical information by segment adjusted as if the standard had been adopted on January 1, 2016 for all periods presented.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

 

Year ended December 31, 2016

 

 

As

 

Impact

 

As

 

As

 

Impact

 

As

 

 

Reported

 

of Adoption

 

 

Adjusted

 

 

Reported

 

of Adoption

 

 

Adjusted

Lifeboat Distribution Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

       Net sales

 

$

417,427

 

$

(275,719)

 

$

141,708

 

 

$

369,519

 

$

(232,406)

 

$

137,113

        Cost of sales

 

 

394,244

 

 

(275,719)

 

 

118,525

 

 

 

347,170

 

 

(232,406)

 

 

114,764

        Gross profit

 

$

23,183

 

$

 —

 

$

23,183

 

 

$

22,349

 

$

 —

 

$

22,349

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TechXtend Segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

       Net sales

 

$

31,952

 

$

(13,093)

 

$

18,859

 

 

$

48,612

 

$

(21,116)

 

$

27,496

       Cost of sales

 

 

28,059

 

 

(13,093)

 

 

14,966

 

 

 

43,630

 

 

(21,116)

 

 

22,514

       Gross profit

 

$

3,893

 

$

 —

 

$

3,893

 

 

$

4,982

 

$

 —

 

$

4,982

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

December 31,

 

Selected Assets by Segment:

 

2018

 

2017

 

 

 

 

 

 

 

 

 

Lifeboat Distribution

 

$

77,610

 

$

73,794

 

TechXtend

 

 

11,542

 

 

21,451

 

Segment Select Assets

 

 

89,152

 

 

95,245

 

Corporate Assets

 

 

18,819

 

 

9,445

 

Total Assets

 

$

107,971

 

$

104,690

 

 

Summary of disaggregation of segment revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disaggregation of revenue:

 

Year ended December 31,

 

 

2018

    

2017

    

2016

Lifeboat Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hardware, software and other products

 

$
148,570

 

$
126,738

 

$
124,377

Software - security & highly interdependent with support

 

 
6,087

 

 
5,465

 

 
4,338

Maintenance, support & other services

 

 
8,907

 

 
9,505

 

 
8,398

Net Sales

 

$
163,564

 

$
141,708

 

$
137,113

 

 

 

 

 

 

 

 

 

 

TechXtend

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hardware, software and other products

 

$

16,300

 

$

17,182

 

$

24,572

Software - security & highly interdependent with support

 

 

440

 

 

474

 

 

578

Maintenance, support & other services

 

 

1,140

 

 

1,203

 

 

2,346

Net Sales

 

$
17,880

 

$
18,859

 

$
27,496