SEGMENT AND GEOGRAPHIC DATA

12 Months Ended

Mar. 26, 2022

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC DATA

NOTE 7 – SEGMENT AND GEOGRAPHIC DATA

The basis for determining our operating segments is the manner in which financial information is used in monitoring our operations. Transcat has two reportable segments: Service and Distribution. Through our Service segment, we offer calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services. Through our Distribution segment, we sell and rent national and proprietary brand instruments to customers globally. The Company has no inter-segment sales. We believe that reporting performance at the operating income level is the best indicator of segment performance. The following table presents segment and geographic data for fiscal years 2022 and 2021 (dollars in thousands):

	FY 2022		FY 2021
Revenue:
Service	$	122,005	$	101,274
Distribution		82,954		72,061
Total		204,959		173,335
Gross Profit:
Service		38,921		30,695
Distribution		19,518		15,423
Total		58,439		46,118
Operating Expenses:
Service (1)		28,107		20,254
Distribution (1)		16,189		14,791
Total		44,296		35,045
Operating Income:
Service		10,814		10,441
Distribution		3,329		632
Total		14,143		11,073
Unallocated Amounts:
Interest and Other Expense, net		953		1,091
Provision for Income Taxes		1,810		2,191
Total		2,763		3,282
Net Income	$	11,380	$	7,791
Total Assets:
Service	$	109,472	$	71,090
Distribution		46,107		44,759
Unallocated		22,183		16,267
Total	$	177,762	$	132,116
Depreciation and Amortization (2):
Service	$	7,543	$	5,597
Distribution		2,024		1,983
Total	$	9,567	$	7,580
Capital Expenditures:
Service	$	7,885	$	4,236
Distribution		2,267		2,381
Total	$	10,152	$	6,617
Geographic Data:
Revenues to Unaffiliated Customers (3):
United States (4)	$	187,165	$	159,270
Canada		14,623		13,040
Other International		3,171		1,025
Total	$	204,959	$	173,335
Property and Equipment:
United States (4)	$	22,042	$	19,897
Canada		4,397		2,306
Total	$	26,439	$	22,203

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

(2)	Including amortization of catalog costs and intangible assets.
(3)	Revenues are attributed to the countries based on the destination of a product shipment or the location where service is rendered.
(4)	United States includes Puerto Rico.