| Schedule of segment reporting information |
The following segment reporting information of the Company is provided:
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(Unaudited) Six months ended June 30,
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(Unaudited) Three months ended June 30,
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2018
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2017
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2018
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2017
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Revenue:
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Lifeboat Distribution
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$
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75,163
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$
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69,175
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$
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38,324
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$
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35,341
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TechXtend
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9,303
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7,937
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5,590
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3,680
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84,466
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77,112
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43,914
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39,021
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Gross Profit:
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Lifeboat Distribution
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11,461
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11,455
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5,277
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5,612
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TechXtend
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1,932
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1,876
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1,221
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960
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13,393
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13,331
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6,498
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6,572
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Direct Costs:
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Lifeboat Distribution
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4,222
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4,276
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2,187
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2,171
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TechXtend
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895
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889
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495
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417
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5,117
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5,165
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2,682
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2,588
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Segment Income Before Taxes: (1)
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Lifeboat Distribution
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7,239
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7,179
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3,090
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3,441
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TechXtend
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1,037
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987
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726
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543
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Segment Income Before Taxes
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8,276
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8,166
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3,816
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3,984
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General and administrative
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5,229
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4,645
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2,616
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2,254
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Separation expense
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2,446
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—
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2,446
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—
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Interest, net
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449
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321
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210
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173
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Foreign currency translation
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(2)
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(50)
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(3)
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(50)
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Income (loss) before taxes
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$
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1,048
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$
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3,792
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$
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(1,039)
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$
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1,853
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(1) Excludes general corporate expenses including separation, interest, and foreign currency translation expenses.
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As of
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As of
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June 30,
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December 31,
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(Unaudited)
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Selected Assets by Segment:
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2018
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2017
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Lifeboat Distribution
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$
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64,424
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$
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72,806
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TechXtend
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19,802
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21,200
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Segment Select Assets
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84,226
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94,006
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Corporate Assets
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13,174
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8,279
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Total Assets
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$
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97,400
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$
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102,285
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| Summary of disaggregation of segment revenue |
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Disaggregation of revenue
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Six Months Ended
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Three months ended
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June 30,
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June 30,
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June 30,
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June 30,
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2018
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2017
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2018
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2017
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Lifeboat Distribution
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Hardware and software product
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$
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67,596
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$
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61,878
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$
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35,173
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$
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31,767
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Software - security & highly interdependent with support
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3,249
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2,699
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1,163
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1,196
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Maintenance, support & other services
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4,318
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4,598
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1,988
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2,378
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Net Sales
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$
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75,163
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$
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69,175
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$
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38,324
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$
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35,341
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TechXtend
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Hardware and software product
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$
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8,377
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$
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6,984
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$
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4,938
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$
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3,165
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Software - security & highly interdependent with support
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347
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315
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330
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267
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Maintenance, support & other services
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579
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638
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322
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248
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Net Sales
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$
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9,303
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$
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7,937
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$
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5,590
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$
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3,680
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