Note 10 - Segment Information

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(10)

  SEGMENT INFORMATION

As discussed in Note

1,

during

2016,

we reorganized our business from

three

product segments (Thermal Products, Mechanical Products and Electrical Products) into

two

product segments (iTS and EMS). Accordingly, effective

January

1,

2017,

we have

two

reportable segments, which are also our reporting units. Prior period information has been reclassified to be comparable to the presentation for

2017.

iTS 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.

EMS includes the operations of our manufacturing facilities in Mt. Laurel, New Jersey and Fremont, California. Sales of this segment consist primarily of manipulator, docking hardware and tester interface products, which we design, manufacture and market.

We operate our business worldwide, and both segments sell their products both domestically and internationally. Both segments sell to semiconductor manufacturers,

third

-party test and assembly houses and ATE manufacturers. iTS also sells into a variety of markets outside of the ATE market, including the automotive, consumer electronics, defense/aerospace, energy, industrial and telecommunications markets.

	Three Months Ended March 31,
	2017			2016
Net revenues:
iTS	$	7,776		$	5,194
EMS		6,404			3,453
	$	14,180		$	8,647
Earnings (loss) before income tax expense (benefit):
iTS	$	1,846		$	573
EMS		1.698			(349	)
Corporate		(372	)		(100	)
	$	3.172		$	124
Net earnings (loss):
iTS	$	1,210		$	373
EMS		1,112			(227	)
Corporate		(244	)		(65	)
	$	2,078		$	81

	Mar. 31, 2017		Dec. 31, 2016
Identifiable assets:
iTS	$	15,958	$	19,893
EMS		30,395		22,951
	$	46,353	$	42,844

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,
	2017		2016
Net revenues:
U.S.	$	2,886	$	2,727
Foreign		11,294		5,920
	$	14,180	$	8,647

	Mar. 31, 2017		Dec. 31, 2016
Property and equipment:
U.S.	$	688	$	691
Foreign		246		253
	$	934	$	944