Note 12 - Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting Disclosure [Text Block]

(12) 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 Sept. 30,						Nine Months Ended Sept. 30,
Net revenues from unaffiliated customers:	2012			2011			2012			2011
Thermal Products	$	6,037		$	7,572		$	18,651		$	19,593
Mechanical Products		2,677			3,172			8,277			13,299
Electrical Products		2,086			941			8,189			4,327
Intersegment sales		(1	)		(4	)		(11	)		(34	)
	$	10,799		$	11,681		$	35,106		$	37,185
Intersegment sales:
Thermal Products	$	-		$	-		$	-		$	-
Mechanical Products		-			3			10			7
Electrical Products		1			1			1			27
	$	1		$	4		$	11		$	34
Earnings (loss) before income tax expense (benefit):
Thermal Products	$	895		$	2,346		$	2,267		$	4,939
Mechanical Products		(324	)		218			(1,256	)		1,330
Electrical Products		376			(65	)		2,115			615
Corporate		65			(79	)		(191	)		(414	)
	$	1,012		$	2,420		$	2,935		$	6,470
Net earnings (loss):
Thermal Products	$	587		$	5,024		$	1,510		$	6,942
Mechanical Products		(213	)		466			(837	)		1,869
Electrical Products		247			(138	)		1,409			865
Corporate		43			(170	)		(127	)		(582	)
	$	664		$	5,182		$	1,955		$	9,094

Identifiable assets:	Sept. 30, 2012		Dec. 31, 2011
Thermal Products	$	21,950	$	20,030
Mechanical Products		6,344		8,240
Electrical Products		5,374		2,967
	$	33,668	$	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 Sept. 30,				Nine Months Ended Sept. 30,
Net revenues from unaffiliated customers:	2012		2011		2012		2011
U.S.	$	4,123	$	4,797	$	12,052	$	13,820
Foreign		6,676		6,884		23,054		23,365
	$	10,799	$	11,681	$	35,106	$	37,185

Long-lived assets:	Sept. 30, 2012		Dec. 31, 2011
U.S.	$	995	$	836
Foreign		251		298
	$	1,246	$	1,134