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Note 9 - Segment Information
3 Months Ended
Mar. 31, 2015
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 Corporation, 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 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.

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 ATE 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
March 31,

 

2015

2014

Net revenues from unaffiliated customers:

               

Thermal Products

  $ 5,717     $ 5,243  

Mechanical Products

    2,435       2,047  

Electrical Products

    2,036       1,507  
    $ 10,188     $ 8,797  
                 

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

               

Thermal Products

  $ 1,029     $ 811  

Mechanical Products

    (285 )     (283 )

Electrical Products

    319       5  

Corporate

    (392 )     (122 )
    $ 671     $ 411  
                 

Net earnings (loss):

               

Thermal Products

  $ 672     $ 564  

Mechanical Products

    (186 )     (197 )

Electrical Products

    208       4  

Corporate

    (256 )     (85 )
    $ 438     $ 286  

 

Mar. 31,

2015

Dec. 31,

2014

Identifiable assets:

               

Thermal Products

  $ 14,899     $ 26,211  

Mechanical Products

    21,413       7,801  

Electrical Products

    3,433       4,726  
    $ 39,745     $ 38,738  

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
March 31,

 

2015

2014

Net revenues from unaffiliated customers:

               

U.S.

  $ 3,489     $ 3,149  

Foreign

    6,699       5,648  
    $ 10,188     $ 8,797  

 

Mar. 31,
2015

Dec. 31,
2014

Property and equipment:

               

U.S.

  $ 712     $ 621  

Foreign

    522       647  
    $ 1,234     $ 1,268