XML 18 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 11 - Segment Information
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]


(11) 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, Thermonics (which we acquired in January 2012 as discussed further in Note 3), Sigma, inTEST Thermal Solutions GmbH (formerly 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, energy 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,

 

2013

2012

2013

2012

Net revenues from unaffiliated customers:

                               

Thermal Products

  $ 5,844     $ 6,037     $ 17,514     $ 18,651  

Mechanical Products

    2,193       2,677       7,784       8,267  

Electrical Products

    1,863       2,085       4,793       8,188  
    $ 9,900     $ 10,799     $ 30,091     $ 35,106  

Earnings (loss) before income tax expense (benefit):

                               

Thermal Products

  $ 1,232     $ 895     $ 3,468     $ 2,267  

Mechanical Products

    (346 )     (324 )     (742 )     (1,256 )

Electrical Products

    294       376       493       2,115  

Corporate

    (66 )     65       (248 )     (191 )
    $ 1,114     $ 1,012     $ 2,971     $ 2,935  

Net earnings (loss):

                               

Thermal Products

  $ 1,206     $ 587     $ 2,847     $ 1,483  

Mechanical Products

    (339 )     (212 )     (686 )     (797 )

Electrical Products

    288       246       422       1,384  

Corporate

    (65 )     43       (198 )     (115 )
    $ 1,090     $ 664     $ 2,385     $ 1,955  

Identifiable assets:  

Sept. 30,

2013

Dec. 31,

2012

Thermal Products

  $ 23,504     $ 20,849  

Mechanical Products

    7,388       7,737  

Electrical Products

    4,606       3,813  
    $ 35,498     $ 32,399  


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:

2013

2012

2013

2012 

U.S.

  $ 3,098     $ 4,123     $ 9,816     $ 12,052  

Foreign

    6,802       6,676       20,275       23,054  
    $ 9,900     $ 10,799     $ 30,091     $ 35,106  
                                 

 

Sept. 30,

2013

Dec. 31,

2012

Property and equipment:

           

U.S.

  $ 735     $ 899  

Foreign

    461       351  
    $ 1,196     $ 1,250