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Note 9 - Segment Information
6 Months Ended
Jun. 30, 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
June 30,

   

Six Months Ended
June 30,

 

 

 

2015

   

2014

   

2015

   

2014

 
Net revenues:                                

Thermal Products

  $ 6,659     $ 6,116     $ 12,376     $ 11,359  

Mechanical Products

    2,487       4,137       4,922       6,184  

Electrical Products

    2,413       2,090       4,449       3,597  
    $ 11,559     $ 12,343     $ 21,747     $ 21,140  

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

                               

Thermal Products

  $ 1,537     $ 1,207     $ 2,566     $ 2,018  

Mechanical Products

    (196 )     637       (481 )     354  

Electrical Products

    477       400       796       405  

Corporate

    (159 )     (190 )     (551 )     (312 )
    $ 1,659     $ 2,054     $ 2,330     $ 2,465  

Net earnings (loss):

                               

Thermal Products

  $ 1,001     $ 797     $ 1,673     $ 1,361  

Mechanical Products

    (128 )     421       (314 )     224  

Electrical Products

    311       264       519       268  

Corporate

    (104 )     (125 )     (360 )     (210 )
    $ 1,080     $ 1,357     $ 1,518     $ 1,643  

                   

June 30,
2015

   

Dec. 31,
2014

 

Identifiable assets:

                               

Thermal Products

                  $ 16,631     $ 26,211  

Mechanical Products

                    20,472       7,801  

Electrical Products

                    3,969       4,726  
                    $ 41,072     $ 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
June 30,

   

Six Months Ended
June 30,

 
   

2015

   

2014

   

2015

   

2014 

 

Net revenues:

                               

U.S.

  $ 3,830     $ 3,723     $ 7,319     $ 6,872  

Foreign

    7,729       8,620       14,428       14,268  
    $ 11,559     $ 12,343     $ 21,747     $ 21,140  

                   

June 30, 2015

   

Dec. 31, 2014

 

Property and equipment:

                               

U.S.

                  $ 817     $ 621  

Foreign

                    374       647  
                    $ 1,191     $ 1,268