Note 13 - Segment Information

6 Months Ended

Jun. 30, 2012

Segment Reporting Disclosure [Text Block]

(13) SEGMENT INFORMATION

We have three reportable segments, which are also our reporting units: Thermal Products, Mechanical Products and Electrical Products.

The Thermal Products segment includes the operations of Temptronic Corporation, Thermonics (which we acquired in January 2012 as discussed further in Note 3), Sigma Systems Corp., Temptronic GmbH (Germany), and inTEST Pte, Limited (Singapore). Sales of this segment consist primarily of temperature management systems which we design, manufacture and market under our Temptronic, Thermonics and Sigma Systems product lines. In addition, this segment provides post warranty service and support.

The Mechanical Products segment includes the operations of our Mt. Laurel, New Jersey manufacturing facility. Sales of our Mechanical Products segment consist primarily of manipulator and docking hardware products, which we design, manufacture and market. In addition, this segment provides post warranty service and support for various ATE equipment.

The Electrical Products segment includes the operations of inTEST Silicon Valley Corporation. Sales of this segment consist primarily of tester interface products which we design, manufacture and market.

We operate our business worldwide, and all three segments sell their products both domestically and internationally. All three segments sell to semiconductor manufacturers, third-party test and assembly houses and ATE manufacturers. Our Thermal Products segment also sells into a variety of industries outside of the semiconductor industry, including the automotive, consumer electronics, defense/aerospace and telecommunications industries. Intercompany pricing between segments is either a multiple of cost for component parts or list price for finished goods.

	Three Months Ended June 30,						Six Months Ended June 30,
Net revenues from unaffiliated customers:	2012			2011			2012			2011
Thermal Products	$	6,503		$	6,667		$	12,614		$	12,021
Mechanical Products		3,086			5,097			5,600			10,127
Electrical Products		3,987			2,040			6,103			3,386
Intersegment sales		-			(4	)		(10	)		(30	)
	$	13,576		$	13,800		$	24,307		$	25,504
Intersegment sales:
Thermal Products	$	-		$	-		$	-		$	-
Mechanical Products		-			4			10			4
Electrical Products		-			-			-			26
	$	-		$	4		$	10		$	30
Earnings (loss) before income tax expense (benefit):
Thermal Products	$	1,055		$	1,830		$	1,372		$	2,593
Mechanical Products		(380	)		591			(932	)		1,112
Electrical Products		1,374			525			1,739			680
Corporate		(55	)		(213	)		(256	)		(335	)
	$	1,994		$	2,733		$	1,923		$	4,050
Net earnings (loss):
Thermal Products	$	725		$	1,789		$	960		$	2,534
Mechanical Products		(236	)		554			(581	)		1,027
Electrical Products		886			510			1,119			660
Corporate		(41	)		(198	)		(207	)		(309	)
	$	1,334		$	2,655		$	1,291		$	3,912

Identifiable assets:	June 30, 2012		Dec. 31, 2011
Thermal Products	$	21,234	$	20,030
Mechanical Products		7,024		8,240
Electrical Products		5,509		2,967
	$	33,767	$	31,237

The following table provides information about our geographic areas of operation. Net revenues from unaffiliated customers are based on the location to which the goods are shipped.

	Three Months Ended June 30,				Six Months Ended June 30,
Net revenues from unaffiliated customers:	2012		2011		2012		2011
U.S.	$	3,733	$	4,796	$	7,929	$	9,023
Foreign		9,843		9,004		16,378		16,481
	$	13,576	$	13,800	$	24,307	$	25,504

Long-lived assets:	June 30, 2012		Dec. 31, 2011
U.S.	$	1,031	$	836
Foreign		199		298
	$	1,230	$	1,134