Note 12 - Segment Information

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

( 12 ) 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 (Thermal 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.

Thermal includes the operations of Temptronic, Thermonics, Sigma, inTEST Thermal Solutions GmbH (Germany), inTEST Pte, Limited (Singapore) and Ambrell, which we acquired in

May 2017,

as discussed in Note

3.

Sales of this segment consist primarily of temperature management systems which we design, manufacture and market under our Temptronic, Thermonics and Sigma product lines, and precision induction heating systems which are designed, manufactured and marketed by Ambrell. 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 sell our products both domestically and internationally. Both of our segments sell to semiconductor manufacturers,

third

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Net Revenues:
Thermal	$	11,470		$	6,641		$	28,440		$	17,429
EMS		5,882			4,182			18,980			12,526
	$	17,352		$	10,823		$	47,420		$	29,955
Earnings (loss) before income tax expense (benefit):
Thermal	$	1,539		$	1,402		$	4,735		$	2,709
EMS		1,594			374			5,455			733
Corporate		(292	)		(55	)		(1,841	)		(848	)
	$	2,841		$	1,721		$	8,349		$	2,594
Net earnings (loss):
Thermal	$	1,183		$	888		$	3,228		$	1,737
EMS		1,021			236			3,471			469
Corporate		(186	)		(34	)		(1,158	)		(549	)
	$	2,018		$	1,090		$	5,541		$	1,657

	September 30, 2017		December 31, 2016
Identifiable assets:
Thermal	$	49,443	$	19,893
EMS		10,771		22,951
	$	60,214	$	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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net revenues:
U.S.	$	4,746	$	3,268	$	12,212	$	8,898
Foreign		12,606		7,555		35,208		21,057
	$	17,352	$	10,823	$	47,420	$	29,955

	September 30, 2017		December 31, 2016
Property and equipment:
U.S.	$	1,003	$	691
Foreign		541		253
	$	1,544	$	944