SEGMENT INFORMATION

6 Months Ended

Sep. 28, 2019

NOTE 4 – SEGMENT INFORMATION

Transcat has two reportable segments: Service and Distribution. The Company has no inter-segment sales. The following table presents segment information for the second quarter and first six months of fiscal years 2020 and 2019:

	Second Quarter Ended				Six Months Ended
	September 28,		September 29,		September 28,		September 29,
	2019		2018		2019		2018
Revenue:
Service	$	23,502	$	19,902	$	45,900	$	39,227
Distribution		18,261		18,977		38,258		36,310
Total		41,763		38,879		84,158		75,537

Gross Profit:
Service		6,012		4,807		11,384		9,726
Distribution		4,433		4,332		9,113		8,526
Total		10,445		9,139		20,497		18,252

Operating Expenses:
Service ⁽¹⁾		4,175		3,682		8,809		7,533
Distribution ⁽¹⁾		3,211		3,281		6,671		6,518
Total		7,386		6,963		15,480		14,051

Operating Income:
Service ⁽¹⁾		1,837		1,125		2,575		2,193
Distribution ⁽¹⁾		1,222		1,051		2,442		2,008
Total		3,059		2,176		5,017		4,201

Unallocated Amounts:
Interest and Other Expense, net		297		195		582		420
Provision for Income Taxes		383		493		338		865
Total		680		688		920		1,285

Net Income	$	2,379	$	1,488	$	4,097	$	2,916

(1)	Operating expense allocations between segments were based on actual amounts, a percentage of revenues, headcount, and management’s estimates.