Note 17 - Segment Information

12 Months Ended

Dec. 31, 2012

Segment Reporting Disclosure [Text Block]

(17)  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., inTEST Thermal Solutions 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, telecommunications and energy industries. Intercompany pricing between segments is either a multiple of cost for component parts or list price for finished goods.

	Years Ended December 31,
Net revenues from unaffiliated customers:	2012			2011
Thermal Products	$	24,307		$	26,942
Mechanical Products		9,916			15,208
Electrical Products		9,165			5,151
Intersegment sales		(12	)		(35	)
	$	43,376		$	47,266
Intersegment sales:
Thermal Products	$	-		$	-
Mechanical Products		12			7
Electrical Products		-			28
	$	12		$	35

Depreciation/amortization:
Thermal Products	$	816		$	319
Mechanical Products		73			59
Electrical Products		44			16
	$	933		$	394
Operating income (loss):
Thermal Products	$	2,939		$	6,951
Mechanical Products		(1,944	)		736
Electrical Products		2,023			457
Corporate		(22	)		(566	)
	$	2,996		$	7,578
Earnings (loss) before income tax expense (benefit):
Thermal Products	$	2,958		$	6,965
Mechanical Products		(1,934	)		785
Electrical Products		2,051			475
Corporate		(22	)		(566	)
	$	3,053		$	7,659
Income tax expense (benefit):
Thermal Products	$	869		$	(1,823	)
Mechanical Products		(568	)		(170	)
Electrical Products		602			(142	)
Corporate		(6	)		(69	)
	$	897		$	(2,204	)
Net earnings (loss):
Thermal Products	$	2,089		$	8,788
Mechanical Products		(1,366	)		955
Electrical Products		1,449			617
Corporate		(16	)		(497	)
	$	2,156		$	9,863
Capital expenditures:
Thermal Products	$	216		$	431
Mechanical Products		37			264
Electrical Products		178			85
	$	431		$	780
Identifiable assets:
Thermal Products	$	20,849		$	20,030
Mechanical Products		7,737			8,240
Electrical Products		3,813			2,967
	$	32,399		$	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.

	Years Ended December 31,
Net revenues from unaffiliated customers:	2012		2011
U.S.	$	15,915	$	19,165
Foreign		27,461		28,101
	$	43,376	$	47,266

	December 31,
Long-lived assets:	2012		2011
U.S.	$	899	$	836
Foreign		351		298
	$	1,250	$	1,134