Note 12 - Segment Information

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

( 12 )    SEGMENT INFORMATION

We have

two

reportable segments, which are also our reporting units, Thermal and EMS.

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

	Three Months Ended March 31,
	201 8			201 7
Net Revenues:
Thermal	$	13,234		$	7,776
EMS		5,637			6,404
	$	18,871		$	14,180
Earnings (loss) before income tax expense (benefit):
Thermal	$	(92	)	$	1,846
EMS		1,292			1,698
Corporate		(218	)		(372	)
	$	982		$	3,172
Net earnings (loss):
Thermal	$	(455	)	$	1,210
EMS		1,005			1,112
Corporate		(169	)		(244	)
	$	381		$	2,078

	Ma r ch 31, 2018		December 31, 2017
Identifiable assets:
Thermal	$	50,412	$	50,408
EMS		15,021		12,085
	$	65,433	$	62,493

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
	201 8		201 7
Net revenues:
U.S.	$	6,543	$	2,886
Foreign		12,328		11,294
	$	18,871	$	14,180

	March 31 , 201 8		December 31, 201 7
Property and equipment:
U.S.	$	1,967	$	991
Foreign		436		550
	$	2,403	$	1,541