Note 11 - Segment Information

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

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 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.

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 Sept. 30,						Nine Months Ended Sept. 30,
Net revenues:	2016			2015			2016			2015
Thermal Products	$	6,641		$	6,259		$	17,429		$	18,635
Mechanical Products		2,118			1,273			6,727			6,195
Electrical Products		2,064			1,671			5,799			6,120
	$	10,823		$	9,203		$	29,955		$	30,950
Earnings (loss) before income tax expense (benefit):
Thermal Products	$	1,402		$	1,165		$	2,709		$	3,731
Mechanical Products		63			(759	)		4			(1,240	)
Electrical Products		311			79			729			875
Corporate		(55	)		(78	)		(848	)		(629	)
	$	1,721		$	407		$	2,594		$	2,737
Net earnings (loss):
Thermal Products	$	888		$	886		$	1,737		$	2,559
Mechanical Products		40			(577	)		1			(891	)
Electrical Products		196			60			468			579
Corporate		(34	)		(59	)		(549	)		(419	)
	$	1,090		$	310		$	1,657		$	1,828

	Sept. 30, 2016		Dec. 31, 2015
Identifiable assets:
Thermal Products	$	18,512	$	16,983
Mechanical Products		19,156		19,733
Electrical Products		4,364		3,268
	$	42,032	$	39,984

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,
	2016		2015		2016		2015
Net revenues:
U.S.	$	3,268	$	3,713	$	8,898	$	11,032
Foreign		7,555		5,490		21,057		19,918
	$	10,823	$	9,203	$	29,955	$	30,950

	Sept. 30, 2016		Dec. 31, 2015
Property and equipment:
U.S.	$	725	$	797
Foreign		270		315
	$	995	$	1,112