SEGMENT INFORMATION

3 Months Ended

Jun. 26, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

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 first quarter of fiscal year 2022 and fiscal year 2021 (dollars in thousands):

	First Quarter Ended
	June 26,			June 27,
	2021			2020
Revenue:
Service Revenue	$	27,557		$	22,967
Distribution Sales		20,233			15,937
Total		47,790			38,904
Gross Profit:
Service		8,752			6,069
Distribution		4,768			3,340
Total		13,520			9,409
Operating Expenses:
Service (1)		5,778			4,940
Distribution (1)		4,053			3,505
Total		9,831			8,445
Operating Income:
Service (1)		2,974			1,129
Distribution (1)		715			(165	)
Total		3,689			964
Unallocated Amounts:
Interest and Other Expense, net		195			243
Benefit from Income Taxes		(194	)		(77	)
Total		1			166
Net Income	$	3,688		$	798

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