Note 9 - Segment Information

9 Months Ended

Sep. 30, 2015

Notes to Financial Statements

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 September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Net revenues:
Thermal Products	$	6,259		$	5,908		$	18,635		$	17,267
Mechanical Products		1,273			3,077			6,195			9,261
Electrical Products		1,671			1,809			6,120			5,406
	$	9,203		$	10,794		$	30,950		$	31,934
Earnings (loss) before income tax expense (benefit):
Thermal Products	$	1,165		$	1,304		$	3,731		$	3,322
Mechanical Products		(759	)		(109	)		(1,240	)		245
Electrical Products		79			203			875			608
Corporate		(78	)		(130	)		(629	)		(442	)
	$	407		$	1,268		$	2,737		$	3,733
Net earnings (loss):
Thermal Products	$	886		$	861		$	2,559		$	2,222
Mechanical Products		(577	)		(72	)		(891	)		152
Electrical Products		60			134			579			402
Corporate		(59	)		(86	)		(419	)		(296	)
	$	310		$	837		$	1,828		$	2,480

	Sept. 30, 2015		Dec. 31, 2014
Identifiable assets:
Thermal Products	$	16,645	$	26,211
Mechanical Products		20,481		7,801
Electrical Products		3,847		4,726
	$	40,973	$	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 September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Net revenues:
U.S.	$	3,713	$	3,343	$	11,032	$	10,215
Foreign		5,490		7,451		19,918		21,719
	$	9,203	$	10,794	$	30,950	$	31,934

	Sept. 30, 2015		Dec. 31, 2014
Property and equipment:
U.S.	$	833	$	621
Foreign		348		647
	$	1,181	$	1,268