Ultralife (ULBI) 10-Q 30 Apr 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 28, 2020
Document Information [Line Items]
Entity Registrant Name	Ultralife Corp
Entity Central Index Key	0000875657
Trading Symbol	ulbi
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		15,879,284
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock, $0.10 par value per share

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash	$ 6,109	$ 7,405
Trade accounts receivable, net of allowance for doubtful accounts of $311 and $324, respectively	35,750	30,106
Inventories, net	28,979	29,759
Prepaid expenses and other current assets	2,730	3,103
Total current assets	73,568	70,373
Property, plant and equipment, net	22,039	22,525
Goodwill	26,468	26,753
Other intangible assets, net	9,405	9,721
Deferred income taxes, net	12,887	13,222
Other noncurrent assets	1,783	1,963
Total Assets	146,150	144,557
Current Liabilities:
Accounts payable	11,731	9,388
Current portion of long-term debt	1,467	1,372
Accrued compensation and related benefits	1,597	1,655
Accrued expenses and other current liabilities	4,133	4,775
Total current liabilities	18,928	17,190
Long-term debt	15,354	15,780
Deferred income taxes	496	559
Other noncurrent liabilities	1,103	1,278
Total liabilities	35,881	34,807
Commitments and contingencies (Note 10)
Shareholders' equity:
Preferred stock – par value $.10 per share; authorized 1,000,000 shares; none issued
Common stock – par value $.10 per share; authorized 40,000,000 shares; issued – 20,281,516 shares at March 31, 2020 and 20,268,050 shares at December 31, 2019; outstanding – 15,879,284 shares at March 31, 2020 and 15,866,868 shares at December 31, 2019	2,028	2,026
Capital in excess of par value	184,550	184,292
Accumulated deficit	(51,771)	(52,830)
Accumulated other comprehensive loss	(3,338)	(2,531)
Treasury stock - at cost; 4,402,232 shares at March 31, 2020 and 4,401,182 shares at December 31, 2019	(21,239)	(21,231)
Total Ultralife Corporation equity	110,230	109,726
Non-controlling interest	39	24
Total shareholders’ equity	110,269	109,750
Total liabilities and shareholders' equity	$ 146,150	$ 144,557

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Trade accounts receivable, allowance for doubtful accounts	$ 311	$ 324
Preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	20,281,516	20,268,050
Common stock, shares outstanding (in shares)	15,879,284	15,866,868
Treasury stock, shares (in shares)	4,402,232	4,401,182

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Revenues	[1]	$ 25,814	$ 18,882
Cost of products sold		18,480	13,798
Gross profit		7,334	5,084
Operating expenses:
Research and development		1,548	1,036
Selling, general and administrative		4,301	3,500
Total operating expenses		5,849	4,536
Operating income		1,485	548
Other (expense) income:
Interest and financing expense		(174)	(5)
Miscellaneous income (expense)		82	(53)
Total other expense		(92)	(58)
Income before income taxes		1,393	490
Income tax provision		319	41
Net income		1,074	449
Net income attributable to non-controlling interest		(15)	(24)
Net income attributable to Ultralife Corporation		1,059	425
Other comprehensive (loss) gain:
Foreign currency translation adjustments		(807)	435
Comprehensive income attributable to Ultralife Corporation		$ 252	$ 860
Net income per share attributable to Ultralife common shareholders – basic (in dollars per share)		$ 0.07	$ 0.03
Net income per share attributable to Ultralife common shareholders – diluted (in dollars per share)		$ 0.07	$ 0.03
Weighted average shares outstanding – basic (in shares)		15,875	15,740
Potential common shares (in shares)		212	485
Weighted average shares outstanding - diluted (in shares)		16,087	16,225
[1]	Sales classified to U.S. include shipments to U.S.-based prime contractors which in some cases may serve non-U.S. projects

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
OPERATING ACTIVITIES:
Net income	$ 1,074	$ 449
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation	579	447
Amortization of intangible assets	149	92
Amortization of financing fees	12	9
Stock-based compensation	230	185
Deferred income taxes	242	(5)
Changes in operating assets and liabilities:
Accounts receivable	(5,764)	2,076
Inventories	596	(4,963)
Prepaid expenses and other assets	604	(1)
Accounts payable and other liabilities	1,913	1,166
Net cash used in operating activities	(365)	(545)
INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(565)	(2,581)
Proceeds from sale of equipment	120
Net cash used in investing activities	(445)	(2,581)
FINANCING ACTIVITIES:
Payment of credit facilities	(343)
Proceeds from exercise of stock options	29	356
Tax withholdings on stock-based awards	(8)	(8)
Repurchase of common stock		(1,957)
Net cash used in financing activities	(322)	(1,609)
Effect of exchange rate changes on cash	(164)	41
DECREASE IN CASH	(1,296)	(4,694)
Cash, Beginning of period	7,405	25,934
Cash, End of period	$ 6,109	$ 21,240

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2018	20,053,335
Balance at Dec. 31, 2018	$ 2,005	$ 182,630	$ (2,786)	$ (58,035)	$ (19,266)	$ (85)	$ 104,463
Net income				425		24	449
Share repurchases					(1,957)		(1,957)
Stock option exercises (in shares)	75,427
Stock option exercises	$ 8	348					356
Stock-based compensation – stock options		174					174
Stock-based compensation – restricted stock		11					11
Tax withholdings on restricted stock					(8)		(8)
Foreign currency translation adjustments			435				435
Balance (in shares) at Mar. 31, 2019	20,134,596
Balance at Mar. 31, 2019	$ 2,013	183,163	(2,351)	(57,610)	(21,231)	(61)	$ 103,923
Balance (in shares) at Dec. 31, 2019	20,268,050						15,866,868
Balance at Dec. 31, 2019	$ 2,026	184,292	(2,531)	(52,830)	(21,231)	24	$ 109,750
Net income				1,059		15	$ 1,074
Stock option exercises (in shares)	7,633						7,633
Stock option exercises	$ 1	28					$ 29
Stock-based compensation – stock options		192					192
Stock-based compensation – restricted stock		38					38
Tax withholdings on restricted stock	$ 1				(8)		(7)
Foreign currency translation adjustments			(807)				$ (807)
Stock-based compensation – restricted stock (in shares)	5,833
Balance (in shares) at Mar. 31, 2020	20,281,516						15,879,284
Balance at Mar. 31, 2020	$ 2,028	$ 184,550	$ (3,338)	$ (51,771)	$ (21,239)	$ 39	$ 110,269

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	1. BASIS OF PRESENTATION The accompanying unaudited Consolidated Financial Statements of Ultralife Corporation and its subsidiaries (the “Company” or “Ultralife”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Rule 8 03 X. not not 10 December 31, 2019. The December 31, 2019 not Certain items previously reported in specific financial statement captions have been reclassified to conform to the current presentation. Effective January 1, 2020, 2020, 4/4/5 not Recently Adopted Accounting Guidance Effective January 1, 2020, 2017 04, 350 two not Recent Accounting Guidance Not In June 2016, 2016 13, 326 December 15, 2022.

Note 2 - Subsequent Events

Note 2 - Subsequent Events	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	2. SUBSEQUENT EVENTS CARES Act Paycheck Protection Program Loan On April 14, 2020, $3,459 On April 27, 2020, $3,459, April 16, 2020 not April 23, 2020.

Note 3 - Acquisition

Note 3 - Acquisition	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Business Combination Disclosure [Text Block]	3. ACQUISITION On May 1, 2019, 100% $26,190 $942 SWE is a leading independent designer and manufacturer of high-performance smart battery systems and battery packs to customer specifications using lithium cells. SWE serves a variety of industrial markets, including oil & gas, remote monitoring, process control and marine, which demand uncompromised safety, service, reliability and quality. The Company acquired SWE as a bolt-on acquisition to further support our strategy of commercial revenue diversification by providing entry to the oil and gas exploration and production, and subsea electrification markets, which are currently unserved by Ultralife. Another key benefit includes obtaining a highly valuable technical team of battery pack and charger system engineers and technicians to add to our new product development-based revenue growth initiatives in our commercial end-markets particularly asset tracking, smart metering and other industrial applications. The acquisition of SWE was completed pursuant to a Stock Purchase Agreement dated May 1, 2019 ( The aggregate purchase price for the acquisition was funded by the Company through a combination of cash on hand and borrowings under the Credit Facilities (see Note 4 The purchase price allocation was determined in accordance with the accounting treatment of a business combination pursuant to FASB ASC Topic 805, 805 The allocation of purchase price to the assets acquired and liabilities assumed at the date of the acquisition is presented in the table below. Management is responsible for determining the fair value of the tangible and intangible assets acquired and liabilities assumed as of the date of acquisition. Management considered several factors, including reference to an analysis performed under ASC 805 not may Cash $ 942 Accounts receivable 3,621 Inventories 4,685 Other current assets 431 Property, plant and equipment 9,177 Goodwill 6,534 Customer relationships 2,522 Trade name 1,127 Accounts payable (1,060 ) Other current liabilities (778 ) Deferred tax liability, net (1,011 ) Net assets acquired $ 26,190 The goodwill included in the Company’s purchase price allocation presented above represents the value of SWE’s assembled and trained workforce, the incremental value that SWE engineering and technology will bring to the Company and the revenue growth which is expected to occur over time which is attributable to increased market penetration from future new products and customers. The goodwill acquired in connection with the acquisition is not The operating results and cash flows of SWE are reflected in the Company’s consolidated financial statements from the date of acquisition. SWE is included in the Battery & Energy Products segment. For the three March 31, 2020, $5,437 $271.

Note 4 - Credit Facility

Note 4 - Credit Facility	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	4. CREDIT FACILITY On May 1, 2019, May 31, 2017 ( The Amended Credit Agreement, among other things, provides for a five $8,000 $30,000 May 31, 2022. six May 31, 2022, may $50,000 Upon closing of the SWE acquisition on May 1, 2019, $6,782 March 31, 2020, $6,791 $1,467 $10,182 March 31, 2020, $152 The Company is required to repay the borrowings under the Term Loan Facility in sixty 60 May 31, 2019, April 30, 2024. May 31, 2022. may In addition to the customary affirmative and negative covenants, the Company must maintain a consolidated fixed charge coverage ratio of equal to or greater than 1.15 1.0, 2.5 1.0, March 31, 2020. Borrowings under the Credit Facilities are secured by substantially all the assets of the Company. Availability under the Revolving Credit Facility is subject to certain borrowing base limits based on receivables and inventories. Interest will accrue on outstanding indebtedness under the Credit Facilities at the Base Rate or the Overnight LIBOR Rate, as selected by the Company, plus the applicable margin. The Base Rate is the higher of (a) the Prime Rate, (b) the Federal Funds Effective Rate plus 50 one hundred zero 50 185 215 The Company must pay a fee of 0.1% 0.2% Payments must be made by the Company to the extent borrowings exceed the maximum amount then permitted to be drawn on the Credit Facilities and from the proceeds of certain transactions. Upon the occurrence of an event of default, the outstanding obligations may

Note 5 - Earnings Per Share

Note 5 - Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	5. EARNINGS PER SHARE Basic earnings per share (“EPS”) is computed by dividing earnings attributable to the Company’s common shareholders by the weighted-average shares outstanding during the period. Diluted EPS includes the dilutive effect of securities, if any, and is calculated using the treasury stock method. For the three March 31, 2020, 878,408 25,833 211,286 three March 31, 2019, 1,052,410 11,666 484,843 There were 653,500 448,250 three March 31, 2020 March 31, 2019, not

Note 6 - Supplemental Balance S

Note 6 - Supplemental Balance Sheet Information	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	6. SUPPLEMENTAL BALANCE SHEET INFORMATION Fair Value Measurements and Disclosures The fair value of financial instruments approximated their carrying values at March 31, 2020 December 31, 2019. Cash The composition of the Company’s cash was as follows: March 31 , December 31, 20 20 201 9 Cash $ 5,862 $ 7,135 Restricted cash 247 270 Total $ 6,109 $ 7,405 As of March 31, 2020 December 31, 2019, $166 $188, three March 31, 2020, $20 March 31, 2020 December 31, 2019, $81 $82, third Inventories Inventories are stated at the lower of cost or market, net of obsolescence reserves, with cost determined under the first first March 31 , December 31 , 20 20 201 9 Raw materials $ 18,354 $ 18,485 Work in process 3,036 2,548 Finished goods 7,589 8,726 Total $ 28,979 $ 29,759 Property, Plant and Equipment, Net Major classes of property, plant and equipment consisted of the following: March 31 , December 31, 20 20 201 9 Land $ 1,273 $ 1,273 Buildings and leasehold improvements 8,096 8,148 Machinery and equipment 62,239 62,562 Furniture and fixtures 2,105 2,112 Computer hardware and software 6,520 6,528 Construction in process 5,078 4,730 85,311 85,353 Less: Accumulated depreciation (63,272 ) (62,828 ) Property, plant and equipment, net $ 22,039 $ 22,525 Depreciation expense for property, plant and equipment was $579 $447 three March 31, 2020 March 31, 2019, Goodwill The following table summarizes the goodwill activity by segment for the three March 31, 2020. Battery & Energy Communications Products Systems Total Balance – December 31, 2019 15,260 11,493 26,753 Effect of foreign currency translation (285 ) - (285 ) Balance – March 31, 2020 $ 14,975 $ 11,493 $ 26,468 Other Intangible Assets, Net The composition of other intangible assets was: at March 31 , 20 20 Accumulated Cost Amortization Net Trademarks $ 3,402 $ - $ 3,402 Customer relationships 8,922 4,768 4,154 Patents and technology 5,458 4,874 584 Distributor relationships 377 377 - Trade name 1,487 222 1,265 Total $ 19,646 $ 10,241 $ 9,405 at December 31, 201 9 Accumulated Cost Amortization Net Trademarks $ 3,403 $ - $ 3,403 Customer relationships 9,080 4,721 4,359 Patents and technology 5,521 4,869 652 Distributor relationships 377 377 - Trade name 1,511 204 1,307 Total $ 19,892 $ 10,171 $ 9,721 The change in the cost of total intangible assets from December 31, 2019 March 31, 2020 Amortization expense for intangible assets was $149 $92 three March 31, 2020 March 31, 2019, $31 $33 three March 31, 2020 March 31, 2019, $118 $59 three March 31, 2020 March 31, 2019,

Note 7 - Stock-based Compensati

Note 7 - Stock-based Compensation	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Shareholders' Equity and Share-based Payments [Text Block]	7. STOCK-BASED COMPENSATION We recorded non-cash stock compensation expense in each period as follows: Three-month period ended March 31 , March 31 , 20 20 201 9 Stock options $ 192 $ 174 Restricted stock grants 38 11 Total $ 230 $ 185 We have stock options outstanding from various stock-based employee compensation plans for which we record compensation cost relating to share-based payment transactions in our financial statements. As of March 31, 2020, $557 1.0 The following table summarizes stock option activity for the three March 31, 2020: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at January 1, 2020 1,541,792 $ 6.88 Granted - - Exercised (7,633 ) 3.75 Forfeited or expired (4,751 ) 8.12 Outstanding at March 31, 2020 1,529,408 $ 6.89 2.98 $ 478 Vested and expected to vest at March 31, 2020 1,438,369 $ 6.80 2.81 $ 478 Exercisable at March 31, 2020 1,092,278 $ 6.29 1.89 $ 478 Cash received from stock option exercises under our stock-based compensation plans for the three March 31, 2020 March 31, 2019 $29 $356, In April 2019, 20,000 $11.12 January 2018, 17,500 $7.16 three $107 March 31, 2020, 1.9

Note 8 - Income Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8. INCOME TAXES Our effective tax rate for the three March 31, 2020 March 31, 2019 22.9% 8.4%, three March 31, 2019. As of December 31, 2019, $58,400, 2020 2035, $1,907, 2028 2039, March 31, 2020, not As of March 31, 2020, $10,000, may As of March 31, 2020, not not. As of March 31, 2020, There were no March 31, 2020 December 31, 2019. As a result of our operations, we file income tax returns in various jurisdictions including U.S. federal, U.S. state and foreign jurisdictions. We are routinely subject to examination by taxing authorities in these various jurisdictions. Our U.S. tax matters for the years 2000 2019 2000 2019 2010 2019

Note 9 - Operating Leases

Note 9 - Operating Leases	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	9. OPERATING LEASES The Company has operating leases predominantly for operating facilities. As of March 31, 2020, 1 4 not no no July 2019, five The components of lease expense for the current and prior-year comparative periods were as follows: Three -m onth period e nded March 31, 2020 201 9 Operating lease cost $ 168 $ 145 Variable lease cost 18 21 Total lease cost $ 186 $ 166 Supplemental cash flow information related to leases was as follows: Three -m onth period e nded March 31, 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 164 $ 150 Right-of-use assets obtained in exchange for lease liabilities: $ - $ 131 Supplemental balance sheet information related to leases was as follows: Balance s heet c lassification March 31, 20 20 December 31, 201 9 Assets: Operating lease right-of-use asset Other noncurrent assets $ 1,685 $ 1,866 Liabilities: Current operating lease liability Accrued expenses and other current liabilities $ 621 $ 620 Operating lease liability, net of current portion Other noncurrent liabilities 1,072 1,247 Total operating lease liability $ 1,693 $ 1,867 Weighted-average remaining lease term (years) 3.5 3.7 Weighted-average discount rate 4.5 % 4.5 % Future minimum lease payments as of March 31, 2020 Maturity of Operating Lease Liabilities 2020 512 2021 461 2022 348 2023 358 2024 179 Total lease payments 1,858 Less: Imputed interest (165 ) Present value of remaining lease payments $ 1,693

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	10. COMMITMENTS AND CONTINGENCIES a. Purchase Commitments As of March 31, 2020, $1,253 b. Product Warranties We estimate future warranty costs to be incurred for product failure rates, material usage and service costs in the development of our warranty obligations. Estimated future costs are based on actual past experience and are generally estimated as a percentage of sales over the warranty period. Changes in our product warranty liability during the first three 2020 2019 Three - m onth p eriod e nded March 31, 20 20 201 9 Accrued warranty obligations – beginning $ 195 $ 95 Accruals for warranties issued 27 5 Settlements made (12 ) (5 ) Accrued warranty obligations – ending $ 210 $ 95 c. Contingencies and Legal Matters We are subject to legal proceedings and claims that arise from time to time in the normal course of business. We believe that the final disposition of any such matters will not not

Note 11 - Revenue Recognition

Note 11 - Revenue Recognition	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	11. Revenues are generated from the sale of products. Performance obligations are met and revenue is recognized upon transfer of control to the customer, which is generally upon shipment. When contract terms require transfer of control upon delivery at a customer’s location, revenue is recognized on the date of delivery. Revenue is measured as the amount of consideration we expect to receive in exchange for shipped product. Sales, value-added and other taxes billed and collected from customers are excluded from revenue. Customers, including distributors, do not no Revenues recognized from prior period performance obligations for the three March 31, 2020 2019 not March 31, 2020 December 31, 2019 not March 31, 2020 December 31, 2019, no one 606,

Note 12 - Business Segment Info

Note 12 - Business Segment Information	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	12. BUSINESS SEGMENT INFORMATION We report our results in two 9 The components of segment performance were as follows: Three- m onth p eriod e nded March 31, 2020 : Battery & Energy Products Communications Systems Corporate Total Revenues $ 20,761 $ 5,053 $ - $ 25,814 Segment contribution 5,316 2,018 (5,849 ) 1,485 Other expense (92 ) (92 ) Tax provision (319 ) (319 ) Non-controlling interest (15 ) (15 ) Net income attributable to Ultralife $ 1,059 Three- m onth p eriod e nded March 31, 2019 : Battery & Energy Products Communica ti ons Systems Corporate Total Revenues $ 15,998 $ 2,884 $ - $ 18,882 Segment contribution 4,410 674 (4,536 ) 548 Other income (58 ) (58 ) Tax provision (41 ) (41 ) Non-controlling interest (24 ) (24 ) Net income attributable to Ultralife $ 425 The following tables disaggregate our business segment revenues by major source and geography. Commercial and Government/Defense Revenue Information: Three-month period ended March 31, 2020: Total Revenue Commercial Government/ Defense Battery & Energy Products $ 20,761 $ 14,802 $ 5,959 Communications Systems 5,053 - 5,053 Total $ 25,814 $ 14,802 $ 11,012 57 % 43 % Three-month period ended March 31, 2019: Total Revenue Commercial Government/ Defense Battery & Energy Products $ 15,998 $ 10,010 $ 5,988 Communications Systems 2,884 - 2,884 Total $ 18,882 $ 10,010 $ 8,872 53 % 47 % U.S. and Non-U.S. Revenue Information 1 : Three-month period ended March 31, 2020: Total Revenue United States Non-United States Battery & Energy Products $ 20,761 $ 11,284 $ 9,477 Communications Systems 5,053 4,354 699 Total $ 25,814 $ 15,638 $ 10,176 61 % 39 % Three-month period ended March 31, 2019: Total Revenue United States Non-United States Battery & Energy Products $ 15,998 $ 7,567 $ 8,431 Communications Systems 2,884 2,454 430 Total $ 18,882 $ 10,021 $ 8,861 53 % 47 % 1 may

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Guidance Effective January 1, 2020, 2017 04, 350 two not Recent Accounting Guidance Not In June 2016, 2016 13, 326 December 15, 2022.

Note 3 - Acquisition (Tables)

Note 3 - Acquisition (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Cash $ 942 Accounts receivable 3,621 Inventories 4,685 Other current assets 431 Property, plant and equipment 9,177 Goodwill 6,534 Customer relationships 2,522 Trade name 1,127 Accounts payable (1,060 ) Other current liabilities (778 ) Deferred tax liability, net (1,011 ) Net assets acquired $ 26,190

Note 6 - Supplemental Balance_2

Note 6 - Supplemental Balance Sheet Information (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Cash, Cash Equivalents and Investments [Table Text Block]	March 31 , December 31, 20 20 201 9 Cash $ 5,862 $ 7,135 Restricted cash 247 270 Total $ 6,109 $ 7,405
Schedule of Inventory, Current [Table Text Block]	March 31 , December 31 , 20 20 201 9 Raw materials $ 18,354 $ 18,485 Work in process 3,036 2,548 Finished goods 7,589 8,726 Total $ 28,979 $ 29,759
Property, Plant and Equipment [Table Text Block]	March 31 , December 31, 20 20 201 9 Land $ 1,273 $ 1,273 Buildings and leasehold improvements 8,096 8,148 Machinery and equipment 62,239 62,562 Furniture and fixtures 2,105 2,112 Computer hardware and software 6,520 6,528 Construction in process 5,078 4,730 85,311 85,353 Less: Accumulated depreciation (63,272 ) (62,828 ) Property, plant and equipment, net $ 22,039 $ 22,525
Schedule of Goodwill [Table Text Block]	Battery & Energy Communications Products Systems Total Balance – December 31, 2019 15,260 11,493 26,753 Effect of foreign currency translation (285 ) - (285 ) Balance – March 31, 2020 $ 14,975 $ 11,493 $ 26,468
Schedule of Finite-Lived Intangible Assets [Table Text Block]	at March 31 , 20 20 Accumulated Cost Amortization Net Trademarks $ 3,402 $ - $ 3,402 Customer relationships 8,922 4,768 4,154 Patents and technology 5,458 4,874 584 Distributor relationships 377 377 - Trade name 1,487 222 1,265 Total $ 19,646 $ 10,241 $ 9,405 at December 31, 201 9 Accumulated Cost Amortization Net Trademarks $ 3,403 $ - $ 3,403 Customer relationships 9,080 4,721 4,359 Patents and technology 5,521 4,869 652 Distributor relationships 377 377 - Trade name 1,511 204 1,307 Total $ 19,892 $ 10,171 $ 9,721

Note 7 - Stock-based Compensa_2

Note 7 - Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Three-month period ended March 31 , March 31 , 20 20 201 9 Stock options $ 192 $ 174 Restricted stock grants 38 11 Total $ 230 $ 185
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at January 1, 2020 1,541,792 $ 6.88 Granted - - Exercised (7,633 ) 3.75 Forfeited or expired (4,751 ) 8.12 Outstanding at March 31, 2020 1,529,408 $ 6.89 2.98 $ 478 Vested and expected to vest at March 31, 2020 1,438,369 $ 6.80 2.81 $ 478 Exercisable at March 31, 2020 1,092,278 $ 6.29 1.89 $ 478

Note 9 - Operating Leases (Tabl

Note 9 - Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Lease, Cost [Table Text Block]	Three -m onth period e nded March 31, 2020 201 9 Operating lease cost $ 168 $ 145 Variable lease cost 18 21 Total lease cost $ 186 $ 166
Lessee, Lease, Cash Flow Information [Table Text Block]	Three -m onth period e nded March 31, 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 164 $ 150 Right-of-use assets obtained in exchange for lease liabilities: $ - $ 131
Lessee, Lease, Balance Sheet Information [Table Text Block]	Balance s heet c lassification March 31, 20 20 December 31, 201 9 Assets: Operating lease right-of-use asset Other noncurrent assets $ 1,685 $ 1,866 Liabilities: Current operating lease liability Accrued expenses and other current liabilities $ 621 $ 620 Operating lease liability, net of current portion Other noncurrent liabilities 1,072 1,247 Total operating lease liability $ 1,693 $ 1,867 Weighted-average remaining lease term (years) 3.5 3.7 Weighted-average discount rate 4.5 % 4.5 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturity of Operating Lease Liabilities 2020 512 2021 461 2022 348 2023 358 2024 179 Total lease payments 1,858 Less: Imputed interest (165 ) Present value of remaining lease payments $ 1,693

Note 10 - Commitments and Con_2

Note 10 - Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three - m onth p eriod e nded March 31, 20 20 201 9 Accrued warranty obligations – beginning $ 195 $ 95 Accruals for warranties issued 27 5 Settlements made (12 ) (5 ) Accrued warranty obligations – ending $ 210 $ 95

Note 12 - Business Segment In_2

Note 12 - Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Battery & Energy Products Communications Systems Corporate Total Revenues $ 20,761 $ 5,053 $ - $ 25,814 Segment contribution 5,316 2,018 (5,849 ) 1,485 Other expense (92 ) (92 ) Tax provision (319 ) (319 ) Non-controlling interest (15 ) (15 ) Net income attributable to Ultralife $ 1,059 Battery & Energy Products Communica ti ons Systems Corporate Total Revenues $ 15,998 $ 2,884 $ - $ 18,882 Segment contribution 4,410 674 (4,536 ) 548 Other income (58 ) (58 ) Tax provision (41 ) (41 ) Non-controlling interest (24 ) (24 ) Net income attributable to Ultralife $ 425
Schedule of Revenues from External Customers by Business Segment Sector [Table Text Block]	Three-month period ended March 31, 2020: Total Revenue Commercial Government/ Defense Battery & Energy Products $ 20,761 $ 14,802 $ 5,959 Communications Systems 5,053 - 5,053 Total $ 25,814 $ 14,802 $ 11,012 57 % 43 % Three-month period ended March 31, 2019: Total Revenue Commercial Government/ Defense Battery & Energy Products $ 15,998 $ 10,010 $ 5,988 Communications Systems 2,884 - 2,884 Total $ 18,882 $ 10,010 $ 8,872 53 % 47 %
Revenue from External Customers by Geographic Areas [Table Text Block]	Three-month period ended March 31, 2020: Total Revenue United States Non-United States Battery & Energy Products $ 20,761 $ 11,284 $ 9,477 Communications Systems 5,053 4,354 699 Total $ 25,814 $ 15,638 $ 10,176 61 % 39 % Three-month period ended March 31, 2019: Total Revenue United States Non-United States Battery & Energy Products $ 15,998 $ 7,567 $ 8,431 Communications Systems 2,884 2,454 430 Total $ 18,882 $ 10,021 $ 8,861 53 % 47 %

Note 2 - Subsequent Events (Det

Note 2 - Subsequent Events (Details Textual) - Subsequent Event [Member] - USD ($) $ in Thousands	Apr. 27, 2020	Apr. 14, 2020
Debt Instrument, Face Amount		$ 3,459
Proceeds from Issuance of Long-term Debt, Total	$ 3,459

Note 3 - Acquisition (Details T

Note 3 - Acquisition (Details Textual) - USD ($) $ in Thousands	May 01, 2019	Mar. 31, 2020
Southwest Electronic Energy Corporation [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual		$ 5,437
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual		$ 271
Southwest Electronic Energy Corporation [Member]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Payments to Acquire Businesses, Net of Cash Acquired, Total	$ 26,190
Cash Acquired from Acquisition	$ 942

Note 3 - Acquisition - Assets A

Note 3 - Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	May 01, 2019
Goodwill	$ 26,468	$ 26,753
Southwest Electronic Energy Corporation [Member]
Cash			$ 942
Accounts receivable			3,621
Inventories			4,685
Other current assets			431
Property, plant and equipment			9,177
Goodwill			6,534
Accounts payable			(1,060)
Other current liabilities			(778)
Deferred tax liability, net			(1,011)
Net assets acquired			26,190
Southwest Electronic Energy Corporation [Member] | Customer Relationships [Member]
Intangible assets			2,522
Southwest Electronic Energy Corporation [Member] | Trade Names [Member]
Intangible assets			$ 1,127

Note 4 - Credit Facility (Detai

Note 4 - Credit Facility (Details Textual) $ in Thousands	May 01, 2019USD ($)	Mar. 31, 2020USD ($)	May 31, 2019
Term Loan Facility [Member]
Debt Instrument, Number of Monthly Payment			60
Amended Credit Agreement [Member] | Term Loan Facility [Member]
Secured Debt, Total		$ 6,791
Amended Credit Agreement [Member] | Term Loan Facility [Member] | Long-term Debt, Current Maturities [Member]
Secured Debt, Total		1,467
Amended Credit Agreement [Member] | Revolving Credit Facility [Member]
Proceeds from Long-term Lines of Credit	$ 6,782
Long-term Line of Credit, Total		10,182
Debt Issuance Costs, Gross		$ 152
Minimum Fixed Charge Coverage Ratio	1.15
Maximum Consolidated Senior Leverage Ratio	2.5
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.10%
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.20%
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.85%
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.15%
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	(0.50%)
KeyBank [Member] | Amended Credit Agreement [Member] | Term Loan Facility [Member]
Debt Instrument, Term (Year)	5 years
Debt Instrument, Face Amount	$ 8,000
KeyBank [Member] | Amended Credit Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	30,000
Line Of Credit Facility Maximum Borrowing Capacity Contingent On Bank Approval	$ 50,000

Note 5 - Earnings Per Share (De

Note 5 - Earnings Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Dilutive Securities Included in Computation of Earnings Per Share Amount Stock Option (in shares)	878,408	1,052,410
Dilutive Securities Included in Computation of Earnings Per Share Amount Restricted Stock (in shares)	25,833	11,666
Incremental Common Shares Attributable to Share-based Payment Arrangements, Total (in shares)	211,286	484,843
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	653,500	448,250

Note 6 - Supplemental Balance_3

Note 6 - Supplemental Balance Sheet Information (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Restricted Cash and Cash Equivalents, Total	$ 247		$ 270
Depreciation, Total	579	$ 447
Amortization of Intangible Assets, Total	149	92
Research and Development Expense [Member]
Amortization of Intangible Assets, Total	31	33
Selling, General and Administrative Expenses [Member]
Amortization of Intangible Assets, Total	118	$ 59
Grant [Member]
Revenues, Total	20
CHINA
Restricted Cash and Cash Equivalents, Total	166		188
NETHERLANDS
Restricted Cash and Cash Equivalents, Total	$ 81		$ 82

Note 6 - Supplemental Balance_4

Note 6 - Supplemental Balance Sheet Information - Cash and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Cash	$ 5,862	$ 7,135
Restricted cash	247	270
Total	$ 6,109	$ 7,405	$ 21,240	$ 25,934

Note 6 - Supplemental Balance_5

Note 6 - Supplemental Balance Sheet Information - Components of Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Raw materials	$ 18,354	$ 18,485
Work in process	3,036	2,548
Finished goods	7,589	8,726
Total	$ 28,979	$ 29,759

Note 6 - Supplemental Balance_6

Note 6 - Supplemental Balance Sheet Information - Components of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Property, plant and equipment, gross	$ 85,311	$ 85,353
Less: Accumulated depreciation	(63,272)	(62,828)
Property, plant and equipment, net	22,039	22,525
Land [Member]
Property, plant and equipment, gross	1,273	1,273
Building and Building Improvements [Member]
Property, plant and equipment, gross	8,096	8,148
Machinery and Equipment [Member]
Property, plant and equipment, gross	62,239	62,562
Furniture and Fixtures [Member]
Property, plant and equipment, gross	2,105	2,112
Computer Equipment [Member]
Property, plant and equipment, gross	6,520	6,528
Construction in Progress [Member]
Property, plant and equipment, gross	$ 5,078	$ 4,730

Note 6 - Supplemental Balance_7

Note 6 - Supplemental Balance Sheet Information - Summary of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Goodwill balance	$ 26,753
Effect of foreign currency translation	(285)
Goodwill balance	26,468
Battery & Energy Products Segment [Member]
Goodwill balance	15,260
Effect of foreign currency translation	(285)
Goodwill balance	14,975
Communications Systems Segment [Member]
Goodwill balance	11,493
Effect of foreign currency translation
Goodwill balance	$ 11,493

Note 6 - Supplemental Balance_8

Note 6 - Supplemental Balance Sheet Information - Composition of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Cost	$ 19,646	$ 19,892
Accumulated Amortization	10,241	10,171
Net	9,405	9,721
Trademarks [Member]
Cost	3,402	3,403
Accumulated Amortization	0	0
Net	3,402	3,403
Customer Relationships [Member]
Cost	8,922	9,080
Accumulated Amortization	4,768	4,721
Net	4,154	4,359
Patented Technology [Member]
Cost	5,458	5,521
Accumulated Amortization	4,874	4,869
Net	584	652
Distributor Relationships [Member]
Cost	377	377
Accumulated Amortization	377	377
Net
Trade Names [Member]
Cost	1,487	1,511
Accumulated Amortization	222	204
Net	$ 1,265	$ 1,307

Note 7 - Stock-based Compensa_3

Note 7 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended
	Apr. 30, 2019	Jan. 31, 2018	Mar. 31, 2020	Mar. 31, 2019
Proceeds from Stock Options Exercised			$ 29	$ 356
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total			$ 557
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			1 year
Restricted Stock [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total			$ 107
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			1 year 328 days
Restricted Stock [Member] | The 2014 Long-term Incentive Plan [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross (in shares)	20,000	17,500
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 11.12	$ 7.16
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		3 years

Note 7 - Stock-based Compensa_4

Note 7 - Stock-based Compensation - Non-cash Stock Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock-based comepensation expense	$ 230	$ 185
Share-based Payment Arrangement, Option [Member]
Stock-based comepensation expense	192	174
Restricted Stock [Member]
Stock-based comepensation expense	$ 38	$ 11

Note 7 - Stock-based Compensa_5

Note 7 - Stock-based Compensation - Stock Option Activity (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Outstanding at January 1, 2020 (in shares) | shares	1,541,792
Outstanding at January 1, 2020, weighted average exercise price (in dollars per share) | $ / shares	$ 6.88
Granted (in shares) | shares
Granted, weighted average exercise price (in dollars per share) | $ / shares
Exercised (in shares) | shares	(7,633)
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 3.75
Forfeited or expired (in shares) | shares	(4,751)
Forfeited or expired, weighted average exercise price (in dollars per share) | $ / shares	$ 8.12
Outstanding at March 31, 2020 (in shares) | shares	1,529,408
Outstanding at March 31, 2020, weighted average exercise price (in dollars per share) | $ / shares	$ 6.89
Outstanding at March 31, 2020, weighted average remaining contractual term (Year)	2 years 357 days
Outstanding at March 31, 2020, aggregate intrinsic value | $	$ 478
Vested and Expected to Vest (in shares) | shares	1,438,369
Options vested and expected to vest, weighted average exercise price (in dollars per share) | $ / shares	$ 6.80
Options vested and expected to vest, weighted average remaining contractual term (Year)	2 years 295 days
Options vested and expected to vest, aggregate intrinsic value | $	$ 478
Exercisable at March 31, 2020 (in shares) | shares	1,092,278
Exercisable at March 31, 2020, weighted average exercise price (in dollars per share) | $ / shares	$ 6.29
Exercisable at March 31, 2020, weighted average remaining contractual term (Year)	1 year 324 days
Exercisable at March 31, 2020, aggregate intrinsic value | $	$ 478

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Effective Income Tax Rate Reconciliation, Percent, Total	22.90%	8.40%
Deferred Tax Assets, Valuation Allowance, Total	$ 0
Unrecognized Tax Benefits, Ending Balance	$ 0
General Business Tax Credit Carryforward [Member]
Tax Credit Carryforward, Amount			$ 1,907
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards, Total			$ 58,400
Open Tax Year	2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 2018 2019
Foreign Tax Authority [Member]
Open Tax Year	2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Foreign Tax Authority [Member] | Her Majesty's Revenue and Customs (HMRC) [Member]
Operating Loss Carryforwards, Total	$ 10,000
State and Local Jurisdiction [Member]
Open Tax Year	2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017 2018 2019

Note 9 - Operating Leases (Deta

Note 9 - Operating Leases (Details Textual)	Mar. 31, 2020	Jul. 31, 2019
Shenzhen Facility [Member]
Lessee, Operating Lease, Term of Contract (Year)		5 years
Minimum [Member]
Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Operating Lease, Remaining Lease Term (Year)	4 years

Note 9 - Operating Leases - Lea

Note 9 - Operating Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating lease cost	$ 168	$ 145
Variable lease cost	18	21
Total lease cost	$ 186	$ 166

Note 9 - Operating Leases - Sup

Note 9 - Operating Leases - Supplement Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating cash flows from operating leases	$ 164	$ 150
Right-of-use assets obtained in exchange for lease liabilities:		$ 131

Note 9 - Operating Leases - S_2

Note 9 - Operating Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Operating lease right-of-use asset	$ 1,685	$ 1,866
Current operating lease liability	621	620
Operating lease liability, net of current portion	1,072	1,247
Total operating lease liability	$ 1,693	$ 1,867
Weighted-average remaining lease term (years) (Year)	3 years 182 days	3 years 255 days
Weighted-average discount rate	4.50%	4.50%

Note 9 - Operating Leases - Fut

Note 9 - Operating Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
2020	$ 512
2021	461
2022	348
2023	358
2024	179
Total lease payments	1,858
Less: Imputed interest	(165)
Present value of remaining lease payments	$ 1,693	$ 1,867

Note 10 - Commitments and Con_3

Note 10 - Commitments and Contingencies (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Capital Addition Purchase Commitments [Member]
Long-term Purchase Commitment, Amount	$ 1,253

Note 10 - Commitments and Con_4

Note 10 - Commitments and Contingencies - Changes in Produce Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accrued warranty obligations – beginning	$ 195	$ 95
Accruals for warranties issued	27	5
Settlements made	(12)	(5)
Accrued warranty obligations – ending	$ 210	$ 95

Note 12 - Business Segment In_3

Note 12 - Business Segment Information (Details Textual)	3 Months Ended
	Mar. 31, 2020
Number of Operating Segments	2

Note 12 - Business Segment In_4

Note 12 - Business Segment Information - Segment Activity (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Revenues	[1]	$ 25,814	$ 18,882
Segment contribution		1,485	548
Other income (expense)		(92)	(58)
Tax provision		(319)	(41)
Non-controlling interest		(15)	(24)
Net income attributable to Ultralife		1,059	425
Battery & Energy Products Segment [Member]
Revenues	[1]	20,761	15,998
Segment contribution		5,316	4,410
Communications Systems Segment [Member]
Revenues	[1]	5,053	2,884
Segment contribution		2,018	674
Corporate Segment [Member]
Revenues
Segment contribution		(5,849)	(4,536)
Other income (expense)		(92)	(58)
Tax provision		(319)	(41)
Non-controlling interest		$ (15)	$ (24)
[1]	Sales classified to U.S. include shipments to U.S.-based prime contractors which in some cases may serve non-U.S. projects

Note 12 - Business Segment In_5

Note 12 - Business Segment Information - Revenue by Business Segment Sector (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Revenue	[1]	$ 25,814	$ 18,882
Revenue, percentage	[1]
Commercial [Member]
Revenue		$ 14,802	$ 10,010
Revenue, percentage		57.00%	53.00%
Government & Defense [Member]
Revenue		$ 11,012	$ 8,872
Revenue, percentage		43.00%	47.00%
Battery & Energy Products Segment [Member]
Revenue	[1]	$ 20,761	$ 15,998
Battery & Energy Products Segment [Member] | Commercial [Member]
Revenue		14,802	10,010
Battery & Energy Products Segment [Member] | Government & Defense [Member]
Revenue		5,959	5,988
Communications Systems Segment [Member]
Revenue	[1]	5,053	2,884
Communications Systems Segment [Member] | Commercial [Member]
Revenue
Communications Systems Segment [Member] | Government & Defense [Member]
Revenue		$ 5,053	$ 2,884
[1]	Sales classified to U.S. include shipments to U.S.-based prime contractors which in some cases may serve non-U.S. projects

Note 12 - Business Segment In_6

Note 12 - Business Segment Information - Domestic and International Revenue by Segment (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Revenues	[1]	$ 25,814	$ 18,882
Revenue, percentage	[1]
UNITED STATES
Revenues	[1]	$ 15,638	$ 10,021
Revenue, percentage	[1]	61.00%	53.00%
Non-US [Member]
Revenues	[1]	$ 10,176	$ 8,861
Revenue, percentage	[1]	39.00%	47.00%
Battery & Energy Products Segment [Member]
Revenues	[1]	$ 20,761	$ 15,998
Battery & Energy Products Segment [Member] | UNITED STATES
Revenues	[1]	11,284	7,567
Battery & Energy Products Segment [Member] | Non-US [Member]
Revenues	[1]	9,477	8,431
Communications Systems Segment [Member]
Revenues	[1]	5,053	2,884
Communications Systems Segment [Member] | UNITED STATES
Revenues	[1]	4,354	2,454
Communications Systems Segment [Member] | Non-US [Member]
Revenues	[1]	$ 699	$ 430
[1]	Sales classified to U.S. include shipments to U.S.-based prime contractors which in some cases may serve non-U.S. projects