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Note 9 - Segment Information
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]


(9)   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, Sigma, 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 markets outside of the semiconductor market, including the automotive, consumer electronics, defense/aerospace, energy, industrial and telecommunications markets. 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:

2014

2013

2014

2013

Thermal Products

  $ 6,116     $ 5,772     $ 11,359     $ 11,670  

Mechanical Products

    4,137       3,798       6,184       5,591  

Electrical Products

    2,090       1,648       3,597       2,930  
    $ 12,343     $ 11,218     $ 21,140     $ 20,191  

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

                               

Thermal Products

  $ 1,207     $ 1,078     $ 2,018     $ 2,236  

Mechanical Products

    637       290       354       (396 )

Electrical Products

    400       207       405       199  

Corporate

    (190 )     (88 )     (312 )     (182 )
    $ 2,054     $ 1,487     $ 2,465     $ 1,857  

Net earnings (loss):

                               

Thermal Products

  $ 797     $ 727     $ 1,361     $ 1,641  

Mechanical Products

    421       196       224       (346 )

Electrical Products

    264       140       268       134  

Corporate

    (125 )     (59 )     (210 )     (133 )
    $ 1,357     $ 1,003     $ 1,643     $ 1,295  
                                 

                   

June 30,
2014

   

Dec. 31,
2013

 

Identifiable assets:

                               

Thermal Products

                  $ 25,410     $ 23,934  

Mechanical Products

                    7,866       7,093  

Electrical Products

                    5,119       4,454  
                    $ 38,395     $ 35,481  


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,

 
   

2014

   

2013

   

2014

   

2013

 

Net revenues from unaffiliated customers:

                               

U.S.

  $ 3,723     $ 3,504     $ 6,872     $ 6,718  

Foreign

    8,620       7,714       14,268       13,473  
    $ 12,343     $ 11,218     $ 21,140     $ 20,191  

                   

June 30,

2014

   

Dec. 31,

2013

 

Long-lived assets:

                               

U.S.

                  $ 693     $ 700  

Foreign

                    637       554  
                    $ 1,330     $ 1,254